Company Profile

RITES LTD.

NSE : RITESBSE : 541556ISIN CODE : INE320J01015Industry : EngineeringHouse : PSU
BSE258.45-0.8 (-0.31 % )
PREV CLOSE (Rs.) 259.25
OPEN PRICE (Rs.) 261.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 46947
TODAY'S LOW / HIGH (Rs.)257.10 263.15
52 WK LOW / HIGH (Rs.)191 331
NSE258.55 -0.55 (-0.21 % )
PREV CLOSE(Rs.) 259.10
OPEN PRICE (Rs.) 260.35
BID PRICE (QTY) 258.55 (1192 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 454248
TODAY'S LOW / HIGH(Rs.) 257.15 263.35
52 WK LOW / HIGH (Rs.)190.65 331

Smart Quotes

1D 1M 3M 1Y 3Y 5Y
STOCK SUMMARY
Trade Value (Rs. in Lacs) 0.00
Dividend Yield(%) 3.87
TTM EPS (Rs.) 23.86
P/E Ratio 10.83
Book Value (Rs.) 103.06
Face Value (Rs.) 10
MCap (Rs. in Mn) 64612.50
Price/Earning (TTM) 10.14
Price/Sales (TTM) 2.69
Price/Book (MRQ) 2.51
PAT Margin (%) 22.58
ROCE (%) 29.71
Incorporation Year : 1974

Management Info :

Rajeev Mehrotra - Chairman Rajeev Mehrotra - Managing Director

Registered Office :

Address : Scope Minar ,Core – I,Laxmi Nagar,
Delhi,
Delhi-110092

Phone : 011-22024610

Email : cs@rites.com

Website : www.rites.com

Registrar's Details : Link Intime India Pvt Ltd.
Noble Heights, 1st Floor, Plot NH 2,C-1 Block LSC, Near Savitri Market,Janakpuri,New Delhi
Listing : BSE, NSE
NEWS More
06Jul07-06-2020$NLC India, AstraZeneca Pharma and Reliance Industries to see some action today NLC India, AstraZeneca Pharm

NLC India has signed a pact with state-owned Coal India (CIL) to form a joint venture (JV) to develop 5,000 megawatts of solar and thermal power assets across the country. The equity participation in the proposed JV between CIL and NLC India will be in the ratio of 50:50. This JV company marks a new era in the power sector with the synergy and expertise of two central public sector undertakings under the Ministry of Coal.

AstraZeneca Pharma India has received Import and Market permission in Form CT-20 (Marketing Authorization- Additional Indication) from the Drugs Controller General of India (DCGI) for Dapagliflozin film coated tablet 10mg. Dapagliflozin film coated tablet 10mg is additional indication in adults for the treatment of heart failure with reduced ejection fraction. The receipt of this Import and Market permission paves way for launch of Dapagliflozin film coated tablet 10mg in India, subject to the receipt of related statutory approvals and licenses.

Reliance Industries (RIL) is planning to increase its network of aviation fuel stations by 50 percent as it looks to capture greater market share in the business currently controlled by public sector oil retailing firms. The company, which operates the world's largest single location oil refining complex, plans to capture this opportunity through increased presence at airports to refuel airplanes. 

RITES has renewed Memorandum of Understanding (MoU) with Coal India (a Government of India Enterprise) on July 03, 2020 for Project Management Consultancy Services of Rail Infrastructure business, and construction of rapid loading system, coal handling plants and silos. This MOU has been renewed for a period of five years. While in the past, such MOU enabled RITES to achieve a fee income of around Rs 100 crore per year, the company is expecting increase in it due to additional scope and several projects expected in the pipeline.

Motherson Sumi Systems has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India (MSWIL) on July 2, 2020 for manufacturing of wiring harness. MSWIL will be the transferee entity into which the Domestic Wiring Harness business of the company will be transferred pursuant to the Scheme of Arrangement and Amalgamation approved by the Board of Directors of the company on July 2, 2020.

ICICI Bank is planning to raise funds by issue of equity shares and/or other equity linked securities, through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, further public offer, etc., or any combination thereof. A meeting of the Board of Directors of the Bank will be held on July 8, 2020, to discuss and consider the same.

Crest Ventures has acquired 11,55,133 equity shares representing approximately 10% stake  in CMS IT Services at a total consideration of Rs. 6,47,33,653. CMS IT provides complete solutions to large corporations across all sectors, including banking, insurance, retail, telecom and manufacturing.

Indiabulls Housing Finance has raised Rs 150 crore through Secured, Redeemable, Non-Convertible Debentures (NCDs) and allotted 1,500 NCDs having face value Rs 10 lakh each on a private placement basis. These NCDs have been subscribed by a large Indian public sector bank. Date of Maturity of above said NCDs will be January 03, 2022.

NLC India has signed a pact with state-owned Coal India (CIL) t..
03Jul07-03-2020$RITES renews MoU with Coal India for Rail Infrastructure business RITES renews MoU with Coal I

RITES has renewed Memorandum of Understanding (MoU) with Coal India (a Government of India Enterprise) on July 03, 2020 for Project Management Consultancy Services of Rail Infrastructure business, and construction of rapid loading system, coal handling plants and silos. This MOU has been renewed for a period of five years.

While in the past, such MOU enabled RITES to achieve a fee income of around Rs 100 crore per year, the company is expecting increase in it due to additional scope and several projects expected in the pipeline.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

RITES has renewed Memorandum of Understanding (MoU) with Coal I..
03Jul07-03-2020$Rites informs about updates Rites informs about updates

Rites has informed that it has enclosed an announcement for Renewal of Memorandum of Understanding with Coal India for Project Management Consultancy Services for Rail Infrastructure business.

The above information is a part of company’s filings submitted to BSE.

Rites has informed that it has enclosed an announcement for Ren..
09Jun06-09-2020$RITES secures order worth Rs 55 crore from NHIDCL for highway consulting RITES secures order worth Rs

RITES has received an order for consultancy services for preparation of detailed project report and providing pre-construction activities for construction of highway tunnels across certain sections on Darcha-Padam road (NH301) including approaches in Himachal Pradesh & Ladhak from National Highways & Infrastructure Development Corporation (NHIDCL). The company is a Joint Venture partner in the said project and its fee is approximately Rs 55 crore.

RITES is a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach.

RITES has received an order for consultancy services for prepar..
09Jun06-09-2020$RITES, Gayatri Projects and Affle to see some action today RITES, Gayatri Projects and

RITES has received an order for Consultancy Services for preparation of Detailed Project Report and providing Pre-Construction activities for construction of highway tunnels across certain sections on Darcha-Padam road (NH-301) including approaches in Himachal Pradesh & Ladhak from National Highways & Infrastructure Development Corporation (NHIDCL). The company is a Joint Venture partner in the said project and its fee is approximately Rs 55 crore.

Gayatri Projects has received letter of award (LoA) for construction of Lagaon Group of Villages Water Supply Scheme, District-Lalitpur, Uttar Pradesh and relevant works including commissioning and operation maintenance for 10 years. The LoA was received from State Water and Transmission Mission, Namami Gange and Rural Water Supply Department, Lucknow. Of the total project cost of Rs 145.53 crore, Rs 17.61 crore is for operation and maintenance of the scheme for 10 years.

Affle (India) through its subsidiaries (Affle), has signed definitive agreements to acquire full control of Appnext, Singapore and 100% IP of Appnext app discovery and recommendation platform with immediate effect. Affle will initially acquire 66.67% equity ownership in Appnext Singapore, with a clear path to acquire 100% equity ownership upon attainment of mutually agreed growth targets.

PVR’s board has approved the fund raising of up to Rs 300 crore through issuance of equity shares of face value of Rs 10 each (Equity Shares) on rights issue basis (as decided by the Board of Directors or the Fund Raise Committee) to the eligible equity shareholders of the Company. The board of directors of the company, in its meeting held today June 8, 2020, has approved the same.

Satra Properties India has duly resume its operations and working at its Project site with effect from June 8, 2020 and the company is taking appropriate measures to ensure the safety, hygiene and well-being of all it employees and workers in compliance with the directives/circulars issued by Government.

Infosys has partnered with Celonis, a market leader in AI-enhanced process mining and process excellence software, to transform ERP modernization and business process optimization. This new partnership will enable customers to embark on long term transformation projects with significant operational savings, overcoming challenges typically associated with crowded technology landscapes, blends of legacy and homegrown systems, and operational silos that threaten digital transformation agendas. 

HDFC Bank has added 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly. The account is created using a ‘limited know your customer (KYC)’ requirement provision, and the customer has a year’s time after the instant account opening to update full details. Most of the accounts which have been opened are from containment zones and red zones in metros and urban areas.

RITES has received an order for Consultancy Services for prepar..
Financials More
Rs. in Millions
QTR Mar 20 ANNUAL 20
Net Profit1313.95963.9
Gross Profit 1774.2 8226.1
Operating Profit 19018665.8
Net Sales 5525.724005.7
ROLLING FORWARD P/E (EOD)
EVENT CALENDAR
peer group More
L&T Technology Serv. (BSE)
 1406.50 (1.23%)
M.Cap ( in Cr)
14702.65
The Anup Engineering (BSE)
 469.25 (1.61%)
M.Cap ( in Cr)
478.61
Sharika Enterprises (BSE)
 22.95 (9.81%)
M.Cap ( in Cr)
24.84
Pritika Auto Industr (BSE)
 96.85 (1.47%)
M.Cap ( in Cr)
171.76
Alphageo India (BSE)
 184.25 (0.71%)
M.Cap ( in Cr)
117.27
Shareholding Pattern More
NON-INSTITUTION 8.68 %
PROMOTERS 72.02 %
MUTUAL FUNDS/UTI 4.91 %
FI/BANKS/INSURANCE 10.36 %
GOVERNMENT 0 %
FII 0 %
F & O Quotes