Rites Ltd

Rites Ltd

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OVERVIEW
FINANCIALS
NEWS

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.

Incorporation Year: 1974
Headquarters: Gurugram, Harayana
Top Management: Government of India; MD- Rahul Mithal
Industry: Construction (Ancillary)
Website: www.rites.com

Featured In Fortune India Ranking

Fortune 500 India
#456(2021)
#411(2020)
#478(2019)
#456(2021)#411(2020)#478(2019)
Ranking Trend Fortune 500 India
Next 500 India
#125(2024)#23(2023)#70(2019)#72(2018)#140(2017)#166(2016)#156(2015)
#125(2024)#23(2023)#70(2019)#72(2018)#140(2017)#166(2016)#156(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,520
(INR Cr)
Net Operating Income
2,453
(INR Cr)
Assets
2,926
(INR Cr)
Profit
455
(INR Cr)
Net Worth
2,609
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
21211391010251412223116
Cash & Bank Balance
(INR Cr)
314134493299335736133506359628872553206021181779188613471116866
Total Debt
(INR Cr)
85283747485583173000000144

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 0.000.000.010.020.020.020.020.040.10------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%