RITES logo

RITES share price

NSE: RITESBSE: 541556ConstructionSmall Cap

RITES Limited · Face value ₹10 · Listed Jul 2018 · Issue price ₹185
Last close ₹194.81down ₹1.76 (0.90%)BSE ₹194.90

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

52-week range of traded prices to 29 Oct 2026
₹175.00Low, 30 Mar 2026₹259.70High, 21 Nov 2025
Market cap
₹9,363 Cr554th largest listed
P/E
22.43
P/B
3.49
Dividend yield
4.13%
ROE
15.7%
ROCE
17.4%
Debt to equity
0.00
Volume, NSE
3,46,94131.8% delivered

RITES share price chart

Daily closes since Jul 2018, adjusted for splits and bonuses

−21.3%over a year · Nifty 500 −8.4%

Results20-session average 50,92,373 shares a day, 24.2% 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, ₹ crore15
    Itemyear to Mar 2026year to Mar 2025
    Consultancy, India1,242.011,147.81
    Turnkey construction projects602.40796.61
    Export316.2510.85
    Leasing172.07150.34
    Consultancy, abroad67.7376.20
    Power generation14.6214.54
    Total operating income was ₹2,415.08 crore, against ₹2,196.35 crore.
  • 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 20262526
    Itemquarter 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
    The total was ₹9,445 crore, against ₹9,416 crore at the end of March 2026.
  • 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. 1. Annual report, 3 Sep 2026, page 285
  2. 2. Annual report, 3 Sep 2026, page 155
  3. 3. Annual report, 3 Sep 2026, page 325
  4. 4. Annual report, 3 Sep 2026, page 127
  5. 5. Annual report, 3 Sep 2026, page 65
  6. 6. Annual report, 3 Sep 2026, page 2
  7. 7. Annual report, 3 Sep 2026, page 213
  8. 8. Annual report, 3 Sep 2026, page 285
  9. 9. Annual report, 3 Sep 2026, page 51
  10. 10. Annual report, 3 Sep 2026, page 33
  11. 11. Investor presentation, 4 Aug 2026, page 8
  12. 12. Investor presentation, 4 Aug 2026, page 6
  13. 13. Investor presentation, 4 Aug 2026, page 9
  14. 14. Annual report, 3 Sep 2026, page 41
  15. 15. Annual report, 3 Sep 2026, page 129
  16. 16. Annual report, 3 Sep 2026, page 145
  17. 17. Annual report, 3 Sep 2026, page 143
  18. 18. Earnings call, 5 Aug 2026, page 8
  19. 19. Annual report, 3 Sep 2026, page 73
  20. 20. Annual report, 3 Sep 2026, page 183
  21. 21. Annual report, 3 Sep 2026, page 73
  22. 22. Annual report, 3 Sep 2026, page 155
  23. 23. Earnings call, 5 Aug 2026, page 6
  24. 24. Earnings call, 5 Aug 2026, page 5
  25. 25. Investor presentation, 4 Aug 2026, page 17
  26. 26. Annual report, 3 Sep 2026, page 130
  27. 27. Investor presentation, 4 Aug 2026, page 18
  28. 28. Annual report, 3 Sep 2026, page 51
  29. 29. Annual report, 3 Sep 2026, page 130
  30. 30. Earnings call, 5 Aug 2026, page 6
  31. 31. Earnings call, 5 Aug 2026, page 11
  32. 32. Earnings call, 5 Aug 2026, page 9
  33. 33. Earnings call, 5 Aug 2026, page 16
  34. 34. Earnings call, 5 Aug 2026, page 5
  35. 35. Exchange filing, 6 Jul 2026, page 1
  36. 36. Exchange filing, 6 Jul 2026, page 2
  37. 37. Exchange filing, 4 Jul 2026, page 1
  38. 38. Exchange filing, 30 Jun 2026, page 1
  39. 39. Exchange filing, 30 Jun 2026, page 2
  40. 40. Exchange filing, 25 Jun 2026, page 1

Results

Consolidated; ₹ crore.RITES quarterly results

Revenue growth, 12 months
+10.6%
Net profit growth, 12 months
+7.9%

Quarter to Jun 2026, against the quarter before

Revenue
₹532 Crdown 30.73%
Net profit
₹98 Crdown 29.83%
Net margin
18.4%

Revenue by quarter

₹541 CrSep 24₹576 CrDec 24₹615 CrMar 25₹490 CrJun 25₹549 CrSep 25₹609 CrDec 25₹768 CrMar 26₹532 CrJun 26
Peak revenue ₹768 Cr, quarter to Mar 2026; lowest ₹490 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹84 CrSep 24₹109 CrDec 24₹141 CrMar 25₹91 CrJun 25₹109 CrSep 25₹115 CrDec 25₹139 CrMar 26₹98 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue541576615490549609768532
Net profit841091419110911513998
Net margin15.5%19.0%23.0%18.6%19.9%18.9%18.1%18.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Consultancy-Domestic₹1,242 Crup 6.75%51.4%
  • Turnkey Construction Projects₹602 Crdown 24.38%24.9%
  • Export Sale₹316 Cr13.1%
  • Leasing -Domestic₹172 Crup 14.45%7.1%
  • Consultancy-Abroad₹68 Crdown 12.44%2.8%
  • Power Generation₹15 Cr0.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.RITES PE ratio and valuation

Price to earnings

At or below today's level on 47% of 1,037 trading days over the last 5 years.

LowestHighest
Its median23.23Industry median13.53
Price to book

At or below today's level on 56% of 1,969 trading days since Nov 2018.

LowestHighest
Its median3.12Industry median1.35
Dividend yield

At or below today's level on 51% of 2,048 trading days since Jul 2018.

LowestHighest
Its median4.12%Industry median0.65%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.RITES shareholding pattern

Shareholding by group

  • Promoters72.20%
  • Foreign institutions3.38%
  • Indian institutions9.16%
  • Individuals and others15.26%
Holder
President of IndiaPromoter72.20%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies5.52%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.05 pts, Indian institutions +0.41 pts, mutual funds +0.02 pts.

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

Added
15
Cut
34
Held unchanged
5
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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

Return on equity across, P/E up, size is market cap
Company
NBCC (India) logoNBCC (India)NBCC19,42726.166.44+3.5%+30.6%27.0%20.0%1.31%
Engineers India logoEngineers IndiaENGINERSIN14,67818.724.67+16.3%+41.6%27.0%22.5%1.91%
Techno Electric & Engineering Company logoTechno Electric & Engineering CompanyTECHNOE9,88522.932.38+38.7%−6.5%10.9%10.6%0.82%
Ircon International logoIrcon InternationalIRCON9,48818.121.43−9.9%−21.6%8.1%4.9%1.88%
KEC International logoKEC InternationalKEC9,15316.531.49+5.1%−8.9%9.6%12.4%1.60%
Welspun Enterprises logoWelspun EnterprisesWELENT8,91129.162.93+0.6%−3.1%10.9%12.7%0.47%
Afcons Infrastructure logoAfcons InfrastructureAFCONS7,78554.191.43−11.9%−73.0%2.7%7.1%0.94%
G R Infraprojects logoG R InfraprojectsGRINFRA7,4987.360.80+25.1%−7.7%11.4%11.7%0.32%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

0.8Mar 185.1Mar 198Mar 206.5Mar 218.5Mar 2210Mar 2312Mar 247.6Mar 258.0Mar 261.4Mar 27so far
Highest ₹11.50 a share, year to Mar 2024.
Ex-dateTypePer share
18 Sep 2026Final₹2.75
10 Aug 2026Interim₹1.40
10 Feb 2026Interim₹1.90
14 Nov 2025Interim₹2.00
17 Sep 2025Final₹2.65
12 Aug 2025Interim₹1.30
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.RITES announcements

RITES share price by year

Each calendar year to 2025.RITES share price history

YearClose at year endChangeHighest closeLowest close
2025242.81−16.7%309.20198.47
2024291.65+16.1%401.13250.65
2023251.20+48.1%283.60156.03
2022169.63+28.4%206.10113.98
2021132.13−2.7%154.50117.85
2020135.80−6.3%164.30103.53
2019144.88+32.2%157.3581.06
2018109.60–126.0477.72
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 2 Jul 2018.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026196.70197.73192.70196.57195.393,80,23224.3%
27 Oct 2026189.30199.59188.25197.67194.305,82,48932.5%
26 Oct 2026187.50192.00185.71189.38189.063,99,57930.0%
23 Oct 2026196.30196.30187.51189.40190.006,35,66037.1%
22 Oct 2026195.50198.70193.58196.09196.494,18,12825.1%
21 Oct 2026203.70203.76195.00197.42198.556,29,30135.9%
19 Oct 2026209.00209.00203.00203.89204.914,79,71126.7%
16 Oct 2026211.70212.99208.00209.79210.8417,92,28412.7%
15 Oct 2026200.74219.00200.69214.27213.621,98,24,6044.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
20 Sep 2024Bonus0.5000Holders received 1 bonus share for every 1 held.
8 Aug 2019Bonus0.8000Holders received 1 bonus share for every 4 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director and CEO
RAHUL MITHAL
At the end of the quarter to Sep 2026
NSE symbol
RITES
BSE code
541556
ISIN
INE320J01015
Industry
Construction
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