RITIES has an order book of Rs 6,661 cr which gives visibility for more than 2 years; Mgtm is confident of regaining momentum with easing of lockdown restrictions. We expect the company to post Revenues/PAT at CAGR of 7%/5% respectively over FY20-22E. We retain BUY with a target price of Rs 317

RITES Ltd. reported dismal set of numbers for Q1FY21 courtesy the lockdown due to pandemic Covid 19. The consultancy revenues dropped by 21% (YoY), leasing revenues were down by around 13% (YoY), exports revenues stood at just Rs. 0.5 cr (vs. Rs 129 cr in Q1FY20)

We recently hosted Mr. Rajeev Mehrotra, CMD of Rites Ltd to gain insights on company's growth strategy and industry outlook. RITES (niche player providing design, engineering and consultancy services in transportation infrastructure) is well-positioned to gain traction in the infrastructure sector on the back of: 1) an impressive execution track record; 2) a strong balance...

RITES- a Miniratna (Schedule A) CPSE under Ministry of Railways, is an engineering consultancy company. It is a leading multi-disciplinary engineering and consultancy organization specialized in the field of transport infrastructure providing diversified

RITES- a proxy play to Railway capex, presents value for investors due to its strong and diversified order book, association with MoR, healthy financials, high dividend payout and attractive valuations

The Consultancy-Domestic segment grew ~2% YoY/10% QoQ to `2,659.3mn. Currently rail consultancy orders constitute 62% (50-60% on nomination basis) of total consultancy orders worth `25,320mn. Under consultancy, the quality assurance revenue...

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RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. RITES is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management. RITES Ltd., an ISO 9001-2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. The company also in the business segment of Leasing (Abroad), Consultancy...

In Q1FY20, RITES ltd. reported stellar sales growth of 62% YoY at Rs 538 cr led by strong execution and higher contribution from turnkey projects. EBIDTA of Rs 131 cr grew strongly by 47% YoY, however, EBIDTA margin at 24.3 % fell by 230 bps due to service mix.

neering and transport consultancy services. It provides overall services from concept to commissioning ,across all areas of transport infrastructure. Within infra and energy sectors ,it has executed many projects such as building urban transport, roads and highways, ports, inland waterways, airports, institutional buildings and renewable energy. However, consultancy service in railway sector contributes a Sector Outlook major part of its business. With an experience of more than 44 years , Rites has undertaken several Stock...

We initiate coverage on RITES as a BUY with a price objective of Rs.365, representing a potential upside of 26% from the CMP of Rs.290 over a period of 24 months. We have used the P/E multiple approach to value RITES and assign a multiple of 12.5x to the FY22 EPS of Rs.29.2

RITES Limited, incorporated in 1974, is a Miniratna (Category I) Schedule A' Public Sector Enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach under one roof.

RITES Limited, incorporated in 1974, is a Miniratna (Category I) Schedule A' Public Sector Enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach under one roof.

RITES Limited is a wholly owned Government Company, a Miniratna enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach. Rites offers services in transport infrastructure consultancy and engineering services consisting of conducting techno-economic feasibility studies and preparation of detailed project reports, design engineering activities, procurement assistance, project management activities, quality assurance, inspection, training, construction supervision, materials system management, transaction...

We recently hosted Mr. Rajeev Mehrotra, CMD of RITES Ltd, and Mr. Ajay Gaur, director of finance, to gain insights on the company and its future performance. The company has a strong order book of Rs55.2bn as of`1QFY19, which translates into a comfortable order book-to-sales ratio of 3.8x FY18 revenues. During FY13-18, the company reported revenue/PAT CAGR of 9%/8%, led by steady...

IPO NOTE

Incorporated in 1974, RITES Ltd. is a Government of India Enterprise, under the aegis of Indian Railways. RITES Ltd., an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It has developed expertise in (1) Design, engineering and consultancy services in transport infrastructure sector with focus on railways, urban transport, roads and highways, ports, inland waterways, airports and ropeways; (2) Leasing, export, maintenance and rehabilitation of locomotives and rolling stock, (3) Undertaking turnkey projects on engineering, procurement and construction basis for railway line, track doubling, 3rd line,...

IPO Note - RITES Limited Issue Open: June 20 - June 22, 2018, Price Band: Rs. 180 - 185 ( Discount of Rs.6 per share to eligible employees and retail individual investors ), Issue Size: 25,200,000 Equity Shares (Entirely Offer for sale).

RITES Ltd. is a wholly owned Government company, a Miniratna (Category I) Schedule A public sector enterprise engaged in transport consultancy and engineering sector in India. It is the only company having diversified services and extensive geographical reach all under one roof. The company has an experience spanning 44 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. Apart from having presence as a transport infrastructure consultancy organisation in the railway sector, it also provides consultancy services across other infrastructure and energy market sectors including urban transport, roads and highways, ports, inland waterways, airports, institutional buildings, ropeways, power procurement and renewable energy....