RITES share price
NSE: RITESBSE: 541556ConstructionSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹196.57.
29 Oct: open ₹195.85, high ₹198.00, low ₹192.50
- Next results date: the board meets on 4 Nov 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹9,363 Cr554th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 22.43
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.49
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 4.13%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 15.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,46,94131.8% delivered
About RITES
RITES Limited is an engineering and consultancy company for transport infrastructure, working on railways, highways, airports, ports, ropeways, urban transport and inland waterways in India and abroad.1 Its clients are mainly governments, government agencies, public sector companies and large private firms, in India and overseas.2
It reports 5 business segments: consultancy services, leasing of railway rolling stock, export of rolling stock, turnkey construction projects and power generation.3 As the export arm of the Ministry of Railways, it supplies locomotives, passenger coaches, wagons and trainsets to buyers abroad.4 RITES has no manufacturing plants of its own and works from 14 offices in India and 9 abroad, including regional business offices in Manila, Abu Dhabi, Georgetown, Johannesburg and Accra.25
It was incorporated in 1974 and is a Navratna public sector enterprise (a status that gives a state-owned company more freedom over its spending decisions) under the Ministry of Railways.64 The President of India, through the Ministry of Railways, holds 72.20% of its shares.7 Its group includes REMC Limited, a 51% subsidiary, RITES (Afrika) in Botswana, which it wholly owns, and SAIL-RITES Bengal Wagon Industry, a 50% joint venture; the group also generates wind power, helps Indian Railways procure traction power through open access (buying power directly from generators over the grid), and makes and rehabilitates wagons.8
RITES key points
Results
- In the year to Mar 2026, consolidated revenue including other income was ₹2,525 crore and profit after tax, including minority owners' share, ₹454 crore, up 7.3%; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹568 crore, about 23.5% of revenue from operations.910
- In the quarter to Jun 2026, consolidated operating revenue rose 8.6% to ₹532 crore from ₹490 crore a year earlier.11
- In the quarter to Jun 2026, consolidated profit after tax rose 7.7% to ₹98 crore from ₹91 crore, with profit before tax up 7.4% and EBITDA up 2.5%.1213
- For the year to Mar 2026, dividends were ₹7.95 per share, ₹382 crore in all, a payout ratio of 95.4% as the company states it. The group had no borrowings at the end of March 2026.143
Business segments
- Consolidated operating income by segment, ₹ crore15Total operating income was ₹2,415.08 crore, against ₹2,196.35 crore.
Item year to Mar 2026 year to Mar 2025 Consultancy, India 1,242.01 1,147.81 Turnkey construction projects 602.40 796.61 Export 316.25 10.85 Leasing 172.07 150.34 Consultancy, abroad 67.73 76.20 Power generation 14.62 14.54 - Consultancy. Consultancy covers feasibility studies, project reports, design, project management, supervision and quality assurance; the quality assurance vertical attended more than 1,00,000 inspection calls across India in the year to Mar 2026.416
- Leasing. RITES owns 100 locomotives leased with crew and maintenance (a wet lease) at more than 35 sites for clients such as NTPC, SAIL, Tata, JSPL and L&T; it also maintains over 225 locomotives and 1,550 wagons.17
- Turnkey projects. On its earnings call of 5 Aug 2026, the company said turnkey margins remain at about 1.5% to 2%, because the whole project cost, not just the fee, flows through turnkey revenue.18
Subsidiaries and joint venture
- REMC Limited had total income of ₹162.74 crore and profit after tax of ₹90.15 crore in the year to Mar 2026.19
- REMC Limited owns a 26 MW wind plant in Rajasthan and has tied up 2,600 MW of round-the-clock renewable power for Indian Railways.20
- SAIL-RITES Bengal Wagon Industry, a joint venture, made 1,089 wagons in the year to Mar 2026, with total income of ₹379.44 crore and profit after tax of ₹22.59 crore.21
Overseas business
- Exports, including overseas services, made up 16.52% of RITES's own turnover in the year to Mar 2026, when it served customers in 9 countries abroad.22
- The overseas order book, rolling stock exports plus international consultancy under the RITES Videsh name, was ₹2,100 crore at the end of June 2026.23
- Within the rolling stock export order book, about ₹900 crore is for 200 passenger coaches for Bangladesh; the rest is mainly locomotives for Mozambique and other African countries.24
Order book
- Order book (orders received but not yet delivered) by segment at the end of June 20262526The total was ₹9,445 crore, against ₹9,416 crore at the end of March 2026.
Item quarter to Jun 2026 Turnkey ₹4,718 crore Consultancy ₹2,597 crore Exports ₹1,775 crore Leasing ₹235 crore REMC (annualised on last year) ₹120 crore - In the quarter to Jun 2026, RITES secured more than 120 projects, including extensions, worth ₹674 crore.27
- In the year to Mar 2026, RITES secured more than 580 projects, including extensions, worth over ₹3,400 crore.2829
What the company expects
- On its earnings call of 5 Aug 2026, the company said it would try to reach export revenue of at least ₹300 crore in the year to Mar 2027.30
- On its earnings call of 5 Aug 2026, the company said it aims to keep consolidated EBITDA margin at or above 20% and profit after tax margin at or above 15% each year.31
- On its earnings call of 5 Aug 2026, the company said it is on track to reach an order book of ₹10,000 crore in the year to Mar 2027 and aims for double-digit revenue growth that year.3233
- On its earnings call of 5 Aug 2026, the company said it expects to complete the Bangladesh coach order in the year to Mar 2028.34
Recent events
- On 6 Jul 2026, the company said Volantis Asset Finance, South Africa, had accepted its offer to supply and commission 4000 HP diesel-electric locomotives for $35,820,000; it joins the order book once the contract is signed.3536
- On 4 Jul 2026, the company disclosed that CARE Ratings assigned CARE AAA; Stable / CARE A1+ to its ₹3,555.00 crore of long-term and short-term non-fund based bank facilities (guarantees and similar limits, not loans).37
- On 30 Jun 2026, RITES won project management consultancy work for campus infrastructure at Babasaheb Bhimrao Ambedkar University, with a total project cost of about ₹175.41 crore.3839
- On 25 Jun 2026, the board approved forming a joint venture company in the United Arab Emirates with NICC Infrastructure Construction LLC.40
Last updated
All 40 sources, each with its page
- 1. Annual report, 3 Sep 2026, page 285
- 2. Annual report, 3 Sep 2026, page 155
- 3. Annual report, 3 Sep 2026, page 325
- 4. Annual report, 3 Sep 2026, page 127
- 5. Annual report, 3 Sep 2026, page 65
- 6. Annual report, 3 Sep 2026, page 2
- 7. Annual report, 3 Sep 2026, page 213
- 8. Annual report, 3 Sep 2026, page 285
- 9. Annual report, 3 Sep 2026, page 51
- 10. Annual report, 3 Sep 2026, page 33
- 11. Investor presentation, 4 Aug 2026, page 8
- 12. Investor presentation, 4 Aug 2026, page 6
- 13. Investor presentation, 4 Aug 2026, page 9
- 14. Annual report, 3 Sep 2026, page 41
- 15. Annual report, 3 Sep 2026, page 129
- 16. Annual report, 3 Sep 2026, page 145
- 17. Annual report, 3 Sep 2026, page 143
- 18. Earnings call, 5 Aug 2026, page 8
- 19. Annual report, 3 Sep 2026, page 73
- 20. Annual report, 3 Sep 2026, page 183
- 21. Annual report, 3 Sep 2026, page 73
- 22. Annual report, 3 Sep 2026, page 155
- 23. Earnings call, 5 Aug 2026, page 6
- 24. Earnings call, 5 Aug 2026, page 5
- 25. Investor presentation, 4 Aug 2026, page 17
- 26. Annual report, 3 Sep 2026, page 130
- 27. Investor presentation, 4 Aug 2026, page 18
- 28. Annual report, 3 Sep 2026, page 51
- 29. Annual report, 3 Sep 2026, page 130
- 30. Earnings call, 5 Aug 2026, page 6
- 31. Earnings call, 5 Aug 2026, page 11
- 32. Earnings call, 5 Aug 2026, page 9
- 33. Earnings call, 5 Aug 2026, page 16
- 34. Earnings call, 5 Aug 2026, page 5
- 35. Exchange filing, 6 Jul 2026, page 1
- 36. Exchange filing, 6 Jul 2026, page 2
- 37. Exchange filing, 4 Jul 2026, page 1
- 38. Exchange filing, 30 Jun 2026, page 1
- 39. Exchange filing, 30 Jun 2026, page 2
- 40. Exchange filing, 25 Jun 2026, page 1
Results
Consolidated; ₹ crore.RITES quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +10.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +7.9%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹532 Crdown 30.73%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹98 Crdown 29.83%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 18.4%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 541 | 576 | 615 | 490 | 549 | 609 | 768 | 532 |
| Net profit | 84 | 109 | 141 | 91 | 109 | 115 | 139 | 98 |
| Net margin | 15.5% | 19.0% | 23.0% | 18.6% | 19.9% | 18.9% | 18.1% | 18.4% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,415 Crup 8.89%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹454 Crup 7.27%
- Net margin
- 18.8%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,503 | 2,047 | 2,474 | 1,860 | 2,662 | 2,628 | 2,453 | 2,218 | 2,415 |
| Net profit | 363 | 490 | 633 | 444 | 539 | 571 | 495 | 424 | 454 |
| Net margin | 24.2% | 23.9% | 25.6% | 23.9% | 20.2% | 21.7% | 20.2% | 19.1% | 18.8% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Consultancy-DomesticConsultancy-Domestic, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,242 Crup 6.75%51.4%
- Turnkey Construction ProjectsTurnkey Construction Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹602 Crdown 24.38%24.9%
- Export SaleExport Sale, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹316 Cr13.1%
- Leasing -DomesticLeasing -Domestic, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹172 Crup 14.45%7.1%
- Consultancy-AbroadConsultancy-Abroad, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹68 Crdown 12.44%2.8%
- Power GenerationPower Generation, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹15 Cr0.6%
Valuation
Today, against the company's own history.RITES PE ratio and valuation
At or below today's level on 47% of 1,037 trading days over the last 5 years.
At or below today's level on 56% of 1,969 trading days since Nov 2018.
At or below today's level on 51% of 2,048 trading days since Jul 2018.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −16.8% | +6.6% | −26.3% | 4.5% |
| 3 years | +3.5% | −8.9% | +9.4% | 3.8% |
| 5 years | +12.6% | −1.0% | +9.0% | 4.7% |
Mutual fund holdings
54 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 49 of the 49 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 54 funds holding RITES
- AddedAdded. Funds that held more shares than at the end of the month before.
- 15
- CutCut. Funds that held fewer shares than at the end of the month before.
- 34
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 5
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 92,00,000 | 0.24% | ₹192.3 Cr | |
| 6,00,000 | 0.01% | ₹12.5 Cr | |
| 2,77,621 | 3.39% | ₹5.80 Cr | |
| 2,07,137 | 0.13% | ₹4.33 Cr | |
| 1,62,542 | 0.13% | ₹3.40 Cr | |
| 1,40,725 | 0.98% | ₹2.94 Cr | |
| 1,05,221 | 0.13% | ₹2.20 Cr | |
| 1,01,104 | 3.40% | ₹2.11 Cr | |
| 83,525 | 0.19% | ₹1.75 Cr | |
| 74,639 | 0.13% | ₹1.56 Cr |
RITES competitors and peers
Civil Construction, 169 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to RITES in market cap.Construction companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 19,427 | 26.16 | 6.44 | +3.5% | +30.6% | 27.0% | 20.0% | 1.31% | |
| 14,678 | 18.72 | 4.67 | +16.3% | +41.6% | 27.0% | 22.5% | 1.91% | |
| 9,885 | 22.93 | 2.38 | +38.7% | −6.5% | 10.9% | 10.6% | 0.82% | |
| 9,488 | 18.12 | 1.43 | −9.9% | −21.6% | 8.1% | 4.9% | 1.88% | |
| 9,153 | 16.53 | 1.49 | +5.1% | −8.9% | 9.6% | 12.4% | 1.60% | |
| 8,911 | 29.16 | 2.93 | +0.6% | −3.1% | 10.9% | 12.7% | 0.47% | |
| 7,785 | 54.19 | 1.43 | −11.9% | −73.0% | 2.7% | 7.1% | 0.94% | |
| 7,498 | 7.36 | 0.80 | +25.1% | −7.7% | 11.4% | 11.7% | 0.32% |
Dividends
Per share, by the year it was paid for, and the latest payments.RITES dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 18 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.75 |
| 10 Aug 2026 | Interim | ₹1.40 |
| 10 Feb 2026 | Interim | ₹1.90 |
| 14 Nov 2025 | Interim | ₹2.00 |
| 17 Sep 2025 | Final | ₹2.65 |
| 12 Aug 2025 | Interim | ₹1.30 |
Latest announcements
Routine notices left out.RITES announcements
Oct 2026
16 Oct · Legal
The exchange asked on 15 Oct 2026
9 Oct · General Updates
6 Oct · Management
RITES share price by year
Each calendar year to 2025.RITES share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 242.81 | −16.7% | 309.20 | 198.47 |
| 2024 | 291.65 | +16.1% | 401.13 | 250.65 |
| 2023 | 251.20 | +48.1% | 283.60 | 156.03 |
| 2022 | 169.63 | +28.4% | 206.10 | 113.98 |
| 2021 | 132.13 | −2.7% | 154.50 | 117.85 |
| 2020 | 135.80 | −6.3% | 164.30 | 103.53 |
| 2019 | 144.88 | +32.2% | 157.35 | 81.06 |
| 2018 | 109.60 | – | 126.04 | 77.72 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 196.70 | 197.73 | 192.70 | 196.57 | 195.39 | 3,80,232 | 24.3% |
| 27 Oct 2026 | 189.30 | 199.59 | 188.25 | 197.67 | 194.30 | 5,82,489 | 32.5% |
| 26 Oct 2026 | 187.50 | 192.00 | 185.71 | 189.38 | 189.06 | 3,99,579 | 30.0% |
| 23 Oct 2026 | 196.30 | 196.30 | 187.51 | 189.40 | 190.00 | 6,35,660 | 37.1% |
| 22 Oct 2026 | 195.50 | 198.70 | 193.58 | 196.09 | 196.49 | 4,18,128 | 25.1% |
| 21 Oct 2026 | 203.70 | 203.76 | 195.00 | 197.42 | 198.55 | 6,29,301 | 35.9% |
| 19 Oct 2026 | 209.00 | 209.00 | 203.00 | 203.89 | 204.91 | 4,79,711 | 26.7% |
| 16 Oct 2026 | 211.70 | 212.99 | 208.00 | 209.79 | 210.84 | 17,92,284 | 12.7% |
| 15 Oct 2026 | 200.74 | 219.00 | 200.69 | 214.27 | 213.62 | 1,98,24,604 | 4.6% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 20 Sep 2024 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 8 Aug 2019 | Bonus | 0.8000 | Holders received 1 bonus share for every 4 held. |
Company details
- NSE symbol
- RITES
- BSE code
- 541556
- ISIN
- INE320J01015
- Industry
- Construction
- Website
- www.ritesltd.com
- CIN
- L74899DL1974GOI007227
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1974
- Registered office
- Scope Minar, Laxmi Nagar, Delhi 110092, Delhi
- Share registrar
- Beetal Financial & Computer Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments