Rites Ltd. share price target

negligible delivery in the export segment. Its key segment, consultancy revenue declined by 22% YoY. Leasing and Turnkey revenue was lower by 20% and 11% respectively. However, business is improving every month and in Q2FY21 RITE is working with 75-80% of its usual run rate. Order book at Rs61.5bn: In Q1FY21 Order Book stood at Rs 61.5bn and RITE has secured Rs2.5bn in Q1FY21. Company expects to secure order of Rs5-10bn in bidding. In exports, RITE sees immense opportunity in Africa for rail infra. Upside risk to our estimate: In FY21E, we have model revenue to decline by 5% and...

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.