IIT Bhubaneswar has given a big responsibility to RITES (NSE: RITES).
Following the announcement of this information, there was an increase in the stock price of the company.
IIT Bhubaneswar has appointed RITS as a Project Management Consultant for the Permanent Campus.
Rapid Increase In Shares
Following this announcement, it was seen a surge in the share price of RITS.
The company’s shares were trading on the NSE with a rise of 4.85 percent, reaching the level of Rs 796.45 at 1.30 pm on Monday.
Let us tell you that RITS has received the formal letter.
The total cost of the new campus is around Rs 414 crore. In which GST is already linked.
Company Has More Than 100 Orders
The December quarter was excellent for Rits. During that time the company has been able to fulfill more than 100 orders totalling more than Rs 612 crore.
Let us tell you, during the last 6 months, there has been an increase of 65 percent in the prices of RITS shares.
At the same time, during this period, Nifty-50 has increased by only 14 percent.
About RITES Limited
RITES Limited Indian consulting and engineering firm. The company offers a wide range of services, from concept to commissioning transportation technology and infrastructure.
This company operates under four divisions, Consultancy services, Leasing and export of rolling inventories, and Turnkey Construction Projects.
Areas of operation include Railways, Metros and Airports & Land Ports. Other areas include Institutional Buildings as well as Renewable Energy.
Among its subsidiaries are RITES Limited, REMC Limited, and REMC Limited.
Fundamental Analysis of RITES Limited
| Market Cap | ₹ 18,684 Cr. |
| Current Price | ₹ 778 |
| 52-wk High | ₹ 821 |
| 52-wk Low | ₹323 |
| Stock P/E | 40.5 |
| Book Value | ₹ 107 |
| Dividend | 2.64 % |
| ROCE | 29.7 % |
| ROE | 21.3 % |
| Face Value | ₹ 10.0 |
| P/B Value | 7.24 |
| OPM | 26.4 % |
| EPS | ₹ 19.2 |
| Debt | ₹ 4.79 Cr. |
| Debt to Equity | 0.00 |
RITES Limited Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹755 | ₹823 |
| 2025 | ₹825 | ₹835 |
| 2026 | ₹840 | ₹850 |
| 2027 | ₹860 | ₹900 |
| 2028 | ₹912 | ₹935 |
| 2029 | ₹940 | ₹967 |
| 2030 | ₹1000 | ₹1132 |
RITES Limited Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 72.20% |
| Mar 2023 | 72.20% |
| June 2023 | 72.20% |
| Sept 2023 | 72.20% |
| Dec 2023 | 72.20% |
| FII Holding | |
| Dec 2022 | 2.61% |
| Mar 2023 | 3.37% |
| June 2023 | 3.44% |
| Sept 2023 | 3.98% |
| Dec 2023 | 3.22% |
| DII Holding | |
| Dec 2022 | 15.78% |
| Mar 2023 | 15.89% |
| June 2023 | 15.25% |
| Sept 2023 | 12.72% |
| Dec 2023 | 12.27% |
| Public Holding | |
| Dec 2022 | 9.42% |
| Mar 2023 | 8.53% |
| June 2023 | 9.11% |
| Sept 2023 | 11.10% |
| Dec 2023 | 12.31% |
RITES Limited Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2047 Cr |
| 2020 | ₹ 2474 Cr |
| 2021 | ₹ 1905 Cr |
| 2022 | ₹ 2662 Cr |
| 2023 | ₹ 2,496 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 490 Cr |
| 2020 | ₹ 633 Cr |
| 2021 | ₹ 444 Cr |
| 2022 | ₹ 539 Cr |
| 2023 | ₹497 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.02 |
| 2020 | 0.01 |
| 2021 | 0.01 |
| 2022 | 0.01 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 10% |
| 3 Years: | -4% |
| Current Year: | -16% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 21% |
Sales Growth Over 10 Years:
| 10 Years: | – |
| 5 Years: | 12% |
| 3 Years: | 2% |
| Current Year: | -8% |
Conclusion
This article is a complete guide about Rites Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
