|
26 Jun 2025 |
Rites
|
Consensus Share Price Target
|
278.95 |
276.25 |
- |
-0.97 |
buy
|
|
|
|
|
27 May 2022
|
Rites
|
IDBI Capital
|
278.95
|
313.00
|
246.40
(13.21%)
|
Target met |
Buy
|
|
|
|
|
26 May 2022
|
Rites
|
Axis Direct
|
278.95
|
275.00
|
247.10
(12.89%)
|
Target met |
Buy
|
|
|
We roll over our estimate to FY24 and retain a BUY rating on the stock, valuing the company at 11.5x FY24E EPS to arrive at a target price of Rs 275/share (Rs 305/share earlier), implying an upside of 10% from the CMP.
|
|
10 Feb 2022
|
Rites
|
Axis Direct
|
278.95
|
305.00
|
261.10
(6.84%)
|
Target met |
Buy
|
|
|
We retain a BUY rating on the stock with a target price of Rs 305 (Rs 330 earlier), implying an upside of 15% from the CMP.
|
|
15 Nov 2021
|
Rites
|
IDBI Capital
|
278.95
|
369.00
|
291.50
(-4.31%)
|
Target met |
Buy
|
|
|
Order book provided visibility: H1FY22 Order book is at Rs64bn (equals 3x TTM Revenue) comprising of Consultancy /Exports/ Lease/ Turnkey/ REMC at Rs2.5bn /Rs10bn/ Rs1bn/ Rs28bn/ Rs1bn. New opportunity is expected from metro consultancy order and 2-3 international orders of USD100mn each. Segmental composition: With Exports back on track, RITE is aiming for Rs7-7.5bn revenue in FY22E. Consultancy segment is growing and RITE expects revenue increase at 10% pa over the next 3-4 years. For Turnkey segment, company expects revenue to improve on QoQ and stabilize in Q4FY22. Going forward, company is targeting to...
|
|
12 Nov 2021
|
Rites
|
Axis Direct
|
278.95
|
330.00
|
294.05
(-5.14%)
|
Target met |
Buy
|
|
|
We retain a BUY rating on the stock with a target price of Rs 330, implying an upside of 12% from CMP.
|
|
15 Sep 2021
|
Rites
|
Axis Direct
|
278.95
|
315.00
|
282.35
(-1.20%)
|
Target met |
Buy
|
|
|
we expect the company to deliver Revenues/EBITDA/APAT growth of 26%/23%/21% CAGR respectively over FY21-23E.
|
|
16 Aug 2021
|
Rites
|
IDBI Capital
|
278.95
|
343.00
|
265.25
(5.16%)
|
Pre-Bonus/
Split |
Buy
|
|
|
Guidance on segmental revenue: For FY22E, RITE expects export revenue of Rs9bn which will be scattered over the next three quarters. Consultancy segment is growing and RITE expected revenue increase of 10% pa over the next 3-4 years. QA has reached Pre Covid level in Q2FY22. Turnkey segment revenue could decline in FY22E...
|
|
12 Jul 2021
|
Rites
|
Axis Direct
|
278.95
|
315.00
|
286.05
(-2.48%)
|
Target met |
Buy
|
|
|
We recommend a BUY with TP of Rs. 315/share.
|
|
18 Jun 2021
|
Rites
|
Axis Direct
|
278.95
|
315.00
|
264.60
(5.42%)
|
Target met |
Buy
|
|
|
We retain a BUY rating on the stock with a target price of Rs. 315 (earlier target Rs 279), implying an upside of 18% from CMP.
|
|
18 Jun 2021
|
Rites
|
IDBI Capital
|
278.95
|
343.00
|
272.50
(2.37%)
|
Pre-Bonus/
Split |
Buy
|
|
|
RITES Ltd (RITE) Q4FY21 PAT at Rs1.4bn is 14% lower than our and consensus estimate, as revenue was impacted from covid disruption (supply chain issue). Consolidated EBITDA margin remained healthy at 29% (up 50bps YoY) and was driven by export orders and cost management (employee strength reduced by 9% YoY). In FY21, RITE received orders of Rs21bn and order inflow could be strongly higher in FY22 as company is already L1 in order of Rs14bn. Balance sheet continues to remain lean, CF was strong with OCF at Rs5bn vs Rs3bn in FY20. Company has increased div payout to 72% in FY21 vs 65% in FY20. RITES stock performance has been muted in the last 12...
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