Company Profile

RITES LTD.

NSE : RITESBSE : 541556ISIN CODE : INE320J01015Industry : EngineeringHouse : PSU
BSE234.55-3.8 (-1.59 % )
PREV CLOSE (Rs.) 238.35
OPEN PRICE (Rs.) 246.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 21531
TODAY'S LOW / HIGH (Rs.)234.00 247.85
52 WK LOW / HIGH (Rs.)180.84 331
NSE234.70 -3.4 (-1.43 % )
PREV CLOSE(Rs.) 238.10
OPEN PRICE (Rs.) 245.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 234.70 (118 )
VOLUME 410544
TODAY'S LOW / HIGH(Rs.) 233.75 248.25
52 WK LOW / HIGH (Rs.)180.4 331

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STOCK SUMMARY
Trade Value (Rs. in Lacs) 0.00
Dividend Yield(%) 4.35
TTM EPS (Rs.) 23.87
P/E Ratio 9.82
Book Value (Rs.) 109.98
Face Value (Rs.) 10
MCap (Rs. in Mn) 58637.50
Price/Earning (TTM) 9.24
Price/Sales (TTM) 2.29
Price/Book (MRQ) 2.13
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
16Mar03-16-2020$RITES achieves ‘Excellent’ rating in respect of MoU signed in 2018-19 RITES achieves ‘Excellentâ

RITES has achieved Memorandum of Understanding (MoU) score as 100 out of 100 i.e. Excellent rating in respect of MoU signed for the year 2018-19. The company is a Central Public Sector Undertaking (CPSE) under the Ministry of Railways. Being a CPSE, every year the company signs MoU with its administrative Ministry i.e Ministry of Railways, Government of India. This MoU measures various financial and other performance parameters.

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 achieved Memorandum of Understanding (MoU) score as 1..
16Mar03-16-2020$Infosys, Wipro and Ind Swift Laboratories to see some action today Infosys, Wipro and Ind Swift

Infosys has completed the acquisition of Simplus, one of the fastest growing Salesforce Platinum Partners in the USA and Australia. Through this acquisition, coupled with the acquisition of Fluido announced in September 2018, Infosys further elevates its position as an end-to-end Salesforce enterprise cloud solutions and services provider, offering clients unparalleled capabilities for cloud-first digital transformation.

Wipro has entered into global strategic partnership with PLEXIS Healthcare Systems. This partnership will enable a streamlined, efficient, accurate and integrated plan administration solution to support healthcare payers and plan sponsors worldwide. The aim is to offer secure, compliant, high-value, end-to-end ‘digital first’ plan administration solutions at a cost-effective price point along with enhanced customer experience. The partnership will initially focus on supporting Medicare and Managed Medicaid programs, but will expand to support Accountable Care Act and commercial lines of business.

United States Food and Drug Administration (USFDA) has completed inspection at Ind Swift Laboratories’ API manufacturing facility at Derabassi (Punjab), near Chandigarh, India, which was conducted from March 9, 2020 to March 13, 2020. The USFDA has cleared this inspection without any 483 observation.

ICICI Bank has received approval from its board for an investment of Rs 1,000 crore in Yes Bank via equity route. The bank will acquire 100 crore equity shares of Yes Bank at Rs 10 per share, including a premium of Rs 8 per share.

Jump Networks (JUMPNET) has entered into a Memorandum of Understanding (MoU) with Scope Infra (SCOPE) for a Proof of Concept (PoC) study of 'CableCloud' - JUMPNET's proprietary cloud-based Software-as-a-Service (SaaS) platform for streaming of internet protocol television (IPTV) and entertainment on demand.

RITES has secured a consulting work award with fee income of Rs 60 crore from the Government of Kerala for conducting Independent Quality Audit for Kerala Infrastructure Investment Fund Board (KIIFB) projects. The period of execution is likely to span over 21 months.

Transformers and Rectifiers (India) has received order for supply and service of Transformers amounting to Rs 130 crore from Power Grid Corporation of India. The said order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions.

Dhruv Consultancy Services has received the Letter of Acceptance (LoA) for Consultancy Services for authority's engineer for supervision of construction of emergency landing facility on National Highways-Development of emergency landing facility on Balasore-Kharagpur section from Km 83,400 to Km 88,400 (total 5 Km) of NH 60 (New NH-16) in the state of West Bengal on EPC Mode, from the office of General Manager (Tech) of National highways Authority of India, Ministry of Road Transport and Highways, Govt of India, New Delhi.

Infosys has completed the acquisition of Simplus, one of the fa..
14Mar03-14-2020$RITES secures consulting work of Rs 60 crore from Government of Kerala RITES secures consulting wor

RITES has secured a consulting work award with fee income of Rs 60 crore from the Government of Kerala for conducting Independent Quality Audit for Kerala Infrastructure Investment Fund Board (KIIFB) projects. The period of execution is likely to span over 21 months.

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 secured a consulting work award with fee income of Rs..
14Mar03-14-2020$Rites submits earnings call transcript Rites submits earnings call

Rites has submitted earnings call transcript.

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

Rites has submitted earnings call transcript. The above informa..
06Mar03-06-2020$LIC buys 2.38% stake in RITES through OFS LIC buys 2.38% stake in RITE

Life Insurance Corporation (LIC) has bought 2.38 per cent government stake in RITES through secondary market purchases, taking its total stake in the railway public sector undertaking to 7.83 per cent. LIC has acquired 59.49 lakh shares, or 2.38 per cent stake, in the company though an offer-for-sale (OFS) between November 22, 2019 and February 27, 2020.

The government on February 27 launched an OFS for selling up to 10 per cent stake in RITES. The floor price for the OFS was fixed at Rs 298 a share. At this price, LIC has purchased shares worth about Rs 177 crore in RITES. Following this, LIC's holding in RITES has gone up to 7.83 per cent from 5.45 per cent.

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.

Life Insurance Corporation (LIC) has bought 2.38 per cent gover..
Financials More
Rs. in Millions
QTR Dec 19 ANNUAL 19
Net Profit1397.44446.5
Gross Profit 1868.1 6767.2
Operating Profit 1977.57119.4
Net Sales 6025.719689.7
ROLLING FORWARD P/E (EOD)
EVENT CALENDAR
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Shareholding Pattern More
NON-INSTITUTION 9.07 %
PROMOTERS 77.39 %
FI/BANKS/INSURANCE 7.13 %
MUTUAL FUNDS/UTI 3.1 %
GOVERNMENT 0 %
FII 0 %
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