The 6 reports from 4 analysts offering long term price targets
for Rites Ltd. have an average target of 292.33. The consensus estimate
represents an upside of 8.67%
from the last price of 269.00.
Rail capex increased from ~US$6bn/annum to ~US$24bn/annum from 2014 to 2020 and is expected to further increase to ~US$33bn/annum over the next 10 years. The near term key focus would be on electrification, signalling and gauge conversion while station re-development, DFC and HSR remain medium to long term focus areas. NIP, a major catalyst for infra investments in Airports, Ports, Roads, Renewables, etc. remains a pivotal area for RITES....
Softness in Consultancy and Turnkey led to subdued Q3FY21 RITES reported revenues of `4.3bn (-28% YoY) with subdued Consultancy-Domestic and Turnkey performance which declined 18% YoY and 19.2% YoY to `2.17bn and `1.58bn respectively. The softness in consultancy was led by QA- related site level inspection delays and construction marred by land acquisition. For 9MFY21, the topline declined 19% YoY to `11.8bn. With planned 34% increase in budgetary capex for rail (lasting upto 2030), Metro and Infra projects the company sees foreseeable double digit growth in FY22 over FY20. The company reported EBITDA of `1.1bn down 25% YoY. The...
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...
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...
