Rites Ltd
About
RITES Limited is a public sector engineering and consultancy enterprise operating the Ministry of Railways. Formerly known as Rail India Technical and Economic Service, the company provides end-to-end services from conceptualisation to commissioning in the transport infrastructure segment. Since its establishment in 1974, the company has completed over 5000 projects, including the construction of Bogibeel Bridge, India’s longest road-cum-rail bridge and the metro works in Ahmedabad. The company has 12 project units located across the country, supported by a network of inspection and regional offices. RITES is the Indian Railways' export arm, providing locomotives, carriages, and trainsets to 55 nations worldwide. RITES received the 'Navratna' designation in October 2023, granting the company greater autonomy and the authority to invest up to ₹1000 crores without government permission.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2520 -4.6% | 2642 1.8% | 2595 13.6% | 2285 -13.7% | 2647 13.0% | 2344 45.5% | 1611 3.2% | 1561 9.3% | 1429 23.1% | 1160 -5.2% | 1223 12.3% | 1090 17.2% | 930 1.0% | 921 43.9% | 640 -22.3% | 824 - |
| Net Operating Income (INR Cr) | 2453 -6.67% | 2628 -1.26% | 2662 39.71% | 1905 -23.00% | 2474 20.85% | 2047 36.73% | 1497 10.80% | 1351 10.97% | 1218 20.26% | 1013 -7.64% | 1096 14.74% | 956 0.00% | 836 19.66% | 698 25.60% | 556 3.40% | 669 9.39% |
| Profit (INR Cr) | 455 -16.0% | 542 5.0% | 516 19.4% | 432 -29.8% | 616 31.2% | 470 37.1% | 342 4.3% | 328 -3.0% | 339 8.5% | 312 19.8% | 261 11.8% | 233 41.7% | 164 -32.6% | 244 117.9% | 112 10.4% | 101 - |
| Assets (INR Cr) | 2926 -3.1% | 3019 7.1% | 2819 2.6% | 2748 -9.5% | 3037 11.3% | 2729 5.2% | 2593 8.3% | 2394 8.4% | 2209 17.1% | 1887 15.9% | 1628 11.8% | 1457 20.5% | 1209 10.2% | 1098 58.0% | 695 -8.0% | 756 - |
| Net Worth (INR Cr) | 2609 0.2% | 2604 4.6% | 2489 4.0% | 2392 -9.2% | 2633 8.7% | 2422 9.4% | 2214 8.6% | 2038 12.8% | 1807 7.8% | 1676 17.6% | 1425 15.3% | 1236 0.0% | 1008 14.3% | 882 26.9% | 695 14.0% | 634 19.5% |
| Employee Cost (INR Cr) | 492 -3.2% | 509 -1.7% | 517 7.1% | 483 -7.3% | 521 7.0% | 487 6.2% | 459 10.0% | 417 22.0% | 342 5.3% | 324 19.9% | 271 -5.3% | 286 13.2% | 253 3.4% | 244 13.0% | 216 -27.5% | 298 - |
| Interest Cost (INR Cr) | 21 | 21 | 13 | 9 | 10 | 10 | 25 | 14 | 1 | 2 | 2 | 2 | 3 | 1 | 1 | 6 |
| Cash & Bank Balance (INR Cr) | 3141 | 3449 | 3299 | 3357 | 3613 | 3506 | 3596 | 2887 | 2553 | 2060 | 2118 | 1779 | 1886 | 1347 | 1116 | 866 |
| Total Debt (INR Cr) | 8 | 5 | 28 | 37 | 47 | 48 | 55 | 83 | 173 | 0 | 0 | 0 | 0 | 0 | 0 | 144 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.1% | 20.5% | 19.9% | 18.9% | 23.3% | 20.0% | 21.3% | 21.0% | 23.7% | 26.9% | 21.3% | 21.4% | 17.7% | 26.5% | 17.5% | 12.3% |
| Profit As % Of Assets | 15.6% | 18.0% | 18.3% | 15.7% | 20.3% | 17.2% | 13.2% | 13.7% | 15.3% | 16.6% | 16.0% | 16.0% | 13.6% | 22.2% | 16.1% | 13.4% |
| Profit As % Of Networth | 17.5% | 20.8% | 20.8% | 18.1% | 23.4% | 19.4% | 15.5% | 16.1% | 18.7% | 18.6% | 18.3% | 18.9% | 16.3% | 27.7% | 16.1% | 16.0% |
| Interest Cost to EBITDA % | 3.2% | 2.8% | 1.8% | 1.6% | 1.4% | 1.8% | 5.9% | 4.0% | 0.4% | 0.4% | 0.6% | 1.1% | 1.6% | 0.7% | 1.2% | - |
| Debt to Equity Ratio | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.10 | - | - | - | - | - | - | 0.23 |
| RONW | 19.0% | 22.4% | 22.1% | 17.7% | 25.1% | 21.1% | 16.8% | 14.8% | 19.5% | 20.1% | 19.6% | 18.9% | 17.4% | 27.6% | 17.2% | 9.0% |
| ROCE | 24.2% | 28.3% | 27.8% | 21.4% | 31.5% | 28.5% | 22.3% | 19.7% | 25.6% | 26.9% | 25.1% | 23.2% | 22.4% | 36.3% | 25.6% | 9.7% |