RITES Ltd.
RITESIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
15 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 15 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190214 | 2018-12-31 | yes | |
| TRANSCRIPT | 20190301 | 2018-12-31 | yes | |
| TRANSCRIPT | 20200313 | 2019-12-31 | yes | |
| ANALYST_MEET | 20200808 | 2020-06-30 | yes | |
| ANALYST_MEET | 20200901 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201211 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210304 | 2020-12-31 | yes | |
| ANALYST_MEET | 20210722 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211206 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220330 | 2021-12-31 | yes | |
| COVER_LETTER | 20220525 | 2022-03-31 | no | |
| TRANSCRIPT | 20220601 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220805 | 2022-06-30 | yes | |
| TRANSCRIPT | 20230526 | 2023-03-31 | yes | |
| TRANSCRIPT | 20231108 | 2023-09-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| ANALYST_MEET | 20251118 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260526 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260811 | 2026-06-30 | yes |
RITES
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 201.74 |
| 52-week range | 175.63 – 258.28 |
| Return 1M | -7.33% |
| Return 3M | -3.42% |
| Return 1Y | -21.89% |
| Return 3Y | -18.13% |
| Return 5Y | 46.08% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 532.00 |
| Other income | 28.00 |
| Total income | 561.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -28.00 |
| Employee benefit expense | 136.00 |
| Finance costs | 1.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.72 | 0.00 |
| institutions foreign | 0.03 | -0.00 |
| institutions domestic | 0.09 | 0.00 |
| mutual funds | 0.02 | 0.00 |
| public | 0.28 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2025-09-30 | 4 |
| COVER_LETTER | 2022-03-31 | 1 |
| TRANSCRIPT | 2026-06-30 | 14 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 659.00 | 677.00 | 687.00 | 544.00 | 582.00 | 683.00 | 643.00 | 486.00 | 541.00 | 576.00 | 615.00 | 490.00 | 549.00 | 609.00 | 768.00 | 532.00 |
| Other income | 25.00 | 26.00 | 19.00 | 18.00 | 26.00 | 17.00 | 24.00 | 22.00 | 21.00 | 38.00 | 24.00 | 22.00 | 30.00 | 26.00 | 31.00 | 28.00 |
| Total income | 684.00 | 703.00 | 706.00 | 563.00 | 609.00 | 700.00 | 668.00 | 508.00 | 562.00 | 614.00 | 639.00 | 512.00 | 579.00 | 635.00 | 799.00 | 561.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 28.00 | 40.00 | 4.00 | 21.00 | -20.00 | 24.00 | 0.00 | -1.00 | -1.00 | -17.00 | -52.00 | -23.00 | 16.00 | -28.00 | 78.00 | -28.00 |
| Employee benefit expense | 120.00 | 125.00 | 136.00 | 124.00 | 119.00 | 125.00 | 124.00 | 130.00 | 121.00 | 125.00 | 127.00 | 126.00 | 127.00 | 131.00 | 137.00 | 136.00 |
| Finance costs | 1.00 | 2.00 | 2.00 | 1.00 | 1.00 | 2.00 | 0.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation and amortisation | 17.00 | 19.00 | 17.00 | 16.00 | 14.00 | 15.00 | 16.00 | 14.00 | 15.00 | 16.00 | 17.00 | 15.00 | 17.00 | 17.00 | 16.00 | 17.00 |
| Other expenses | 331.00 | 319.00 | 356.00 | 239.00 | 346.00 | 365.00 | 340.00 | 250.00 | 314.00 | 350.00 | 355.00 | 272.00 | 276.00 | 364.00 | 385.00 | 310.00 |
| Total expenses | 496.00 | 505.00 | 514.00 | 400.00 | 460.00 | 531.00 | 481.00 | 395.00 | 452.00 | 475.00 | 448.00 | 392.00 | 437.00 | 484.00 | 618.00 | 435.00 |
| Profit before exceptional items and tax | 188.00 | 198.00 | 191.00 | 163.00 | 149.00 | 169.00 | 187.00 | 113.00 | 110.00 | 139.00 | 191.00 | 119.00 | 142.00 | 151.00 | 182.00 | 126.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 188.00 | 198.00 | 191.00 | 163.00 | 149.00 | 169.00 | 187.00 | 113.00 | 111.00 | 139.00 | 191.00 | 119.00 | 142.00 | 151.00 | 182.00 | 126.00 |
| Current tax | 49.00 | 52.00 | 51.00 | 40.00 | 41.00 | 45.00 | 47.00 | 28.00 | 24.00 | 37.00 | 46.00 | 30.00 | 38.00 | 40.00 | 47.00 | 30.00 |
| Deferred tax | -1.00 | 0.00 | 1.00 | 3.00 | -1.00 | -3.00 | 3.00 | -4.00 | 5.00 | -3.00 | 7.00 | 1.00 | -0.00 | -1.00 | -1.00 | 3.00 |
| Tax expense | 48.00 | 52.00 | 52.00 | 43.00 | 40.00 | 42.00 | 50.00 | 25.00 | 29.00 | 35.00 | 53.00 | 31.00 | 37.00 | 39.00 | 46.00 | 33.00 |
| Profit for the period | 140.00 | 147.00 | 139.00 | 119.00 | 110.00 | 129.00 | 137.00 | 90.00 | 84.00 | 109.00 | 141.00 | 91.00 | 109.00 | 115.00 | 139.00 | 98.00 |
| Profit attributable to owners | 132.00 | 140.00 | 132.00 | 108.00 | 101.00 | 0.00 | 126.00 | 79.00 | 73.00 | 100.00 | 133.00 | 80.00 | 98.00 | 102.00 | 130.00 | 87.00 |
| Profit attributable to non-controlling interests | 8.00 | 7.00 | 7.00 | 12.00 | 9.00 | 0.00 | 11.00 | 11.00 | 10.00 | 9.00 | 9.00 | 11.00 | 11.00 | 13.00 | 9.00 | 11.00 |
| Other comprehensive income | 4.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | -2.00 | 1.00 | 5.00 | 0.00 | 2.00 | 2.00 |
| Total comprehensive income | 144.00 | 147.00 | 140.00 | 121.00 | 111.00 | 130.00 | 139.00 | 92.00 | 85.00 | 110.00 | 140.00 | 91.00 | 114.00 | 115.00 | 142.00 | 100.00 |
| Earnings per share, basic | 5.51 | 5.83 | 5.49 | 4.49 | 4.21 | 5.00 | 5.25 | 3.29 | 1.52 | 2.08 | 2.76 | 1.67 | 2.04 | 2.12 | 2.70 | 1.81 |
| Earnings per share, diluted | 5.51 | 5.83 | 5.49 | 4.49 | 4.21 | 5.00 | 5.25 | 3.29 | 1.52 | 2.08 | 2.76 | 1.67 | 2.04 | 2.12 | 2.70 | 1.81 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,474.00 | 1,860.00 | 2,662.00 | 2,628.00 | 2,453.00 | 2,218.00 | 2,415.00 |
| Other income | 260.00 | 145.00 | 83.00 | 102.00 | 86.00 | 106.00 | 109.00 |
| Total income | 2,735.00 | 2,005.00 | 2,745.00 | 2,730.00 | 2,539.00 | 2,324.00 | 2,525.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 95.00 | -279.00 | 151.00 | 89.00 | 25.00 | -71.00 | 43.00 |
| Employee benefit expense | 521.00 | 483.00 | 517.00 | 508.00 | 492.00 | 503.00 | 522.00 |
| Finance costs | 7.00 | 6.00 | 7.00 | 7.00 | 5.00 | 6.00 | 4.00 |
| Depreciation and amortisation | 47.00 | 52.00 | 66.00 | 146.00 | 61.00 | 62.00 | 66.00 |
| Other expenses | 1,198.00 | 1,152.00 | 1,270.00 | 1,206.00 | 1,286.00 | 1,270.00 | 1,296.00 |
| Total expenses | 1,868.00 | 1,414.00 | 2,011.00 | 1,956.00 | 1,869.00 | 1,771.00 | 1,931.00 |
| Profit before exceptional items and tax | 867.00 | 591.00 | 734.00 | 774.00 | 670.00 | 553.00 | 594.00 |
| Exceptional items | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 867.00 | 591.00 | 735.00 | 774.00 | 670.00 | 553.00 | 594.00 |
| Current tax | 199.00 | 150.00 | 201.00 | 202.00 | 171.00 | 135.00 | 155.00 |
| Deferred tax | 42.00 | -2.00 | -5.00 | 1.00 | 5.00 | 6.00 | -1.00 |
| Tax expense | 241.00 | 148.00 | 197.00 | 203.00 | 175.00 | 141.00 | 153.00 |
| Profit for the period | 633.00 | 444.00 | 539.00 | 571.00 | 495.00 | 424.00 | 454.00 |
| Profit attributable to owners | — | 12.00 | 516.00 | 542.00 | 455.00 | 385.00 | 410.00 |
| Profit attributable to non-controlling interests | — | 432.00 | 22.00 | 29.00 | 40.00 | 39.00 | 44.00 |
| Other comprehensive income | -7.00 | 5.00 | 1.00 | 6.00 | 6.00 | 2.00 | 8.00 |
| Total comprehensive income | 626.00 | 449.00 | 539.00 | 577.00 | 501.00 | 426.00 | 463.00 |
| Earnings per share, basic | 24.64 | 17.54 | 21.49 | 22.56 | 18.95 | 8.01 | 8.54 |
| Earnings per share, diluted | 24.64 | 17.54 | 21.49 | 22.56 | 18.95 | 8.01 | 8.54 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 5,740.00 | 5,972.00 | 5,764.00 | 5,661.00 | 5,932.00 | 6,119.00 | 6,065.00 | 5,926.00 |
| Non-current assets | 1,041.00 | 1,140.00 | 1,106.00 | 1,150.00 | 1,234.00 | 1,232.00 | 1,512.00 | 1,467.00 |
| Current assets | 4,699.00 | 4,832.00 | 4,658.00 | 4,511.00 | 4,698.00 | 4,887.00 | 4,553.00 | 4,459.00 |
| Property, plant and equipment | 528.00 | 527.00 | 515.00 | 507.00 | 691.00 | 569.00 | 556.00 | 576.00 |
| Capital work-in-progress | 76.00 | 101.00 | 130.00 | 174.00 | 27.00 | 48.00 | 70.00 | 88.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 25.00 | 26.00 | 27.00 | 28.00 | 6.00 | 27.00 | 28.00 | 7.00 |
| Inventories | 74.00 | 31.00 | 31.00 | 5.00 | 4.00 | 78.00 | 87.00 | 35.00 |
| Trade receivables | 900.00 | 907.00 | 920.00 | 900.00 | 847.00 | 740.00 | 902.00 | 931.00 |
| Cash and cash equivalents | 707.00 | 1,048.00 | 498.00 | 661.00 | 714.00 | 688.00 | 649.00 | 557.00 |
| Total equity and liabilities | 5,740.00 | 5,972.00 | 5,764.00 | 5,661.00 | 5,932.00 | 6,119.00 | 6,065.00 | 5,926.00 |
| Equity | 2,697.00 | 2,719.00 | 2,692.00 | 2,721.00 | 2,693.00 | 2,749.00 | 2,746.00 | 2,794.00 |
| Equity share capital | 240.00 | 240.00 | 240.00 | 240.00 | 481.00 | 481.00 | 481.00 | 481.00 |
| Other equity | 2,342.00 | 2,363.00 | 2,341.00 | 2,369.00 | 2,103.00 | 2,160.00 | 2,153.00 | 2,201.00 |
| Total liabilities | 3,043.00 | 3,253.00 | 3,072.00 | 2,941.00 | 3,239.00 | 3,370.00 | 3,318.00 | 3,132.00 |
| Non-current liabilities | 212.00 | 299.00 | 222.00 | 204.00 | 254.00 | 181.00 | 449.00 | 467.00 |
| Current liabilities | 2,831.00 | 2,954.00 | 2,850.00 | 2,737.00 | 2,985.00 | 3,189.00 | 2,869.00 | 2,665.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 209.00 | 302.00 | 239.00 | 220.00 | 320.00 | 364.00 | 266.00 | 320.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 108.00 | 735.00 | -426.00 | 106.00 | 180.00 | 651.00 | -82.00 | 166.00 |
| Net cash from investing activities | 159.00 | -15.00 | 138.00 | 11.00 | 81.00 | -219.00 | 253.00 | 126.00 |
| Net cash from financing activities | -214.00 | -483.00 | -262.00 | -504.00 | -207.00 | -405.00 | -211.00 | -424.00 |
| Purchase of property, plant and equipment | 79.00 | 136.00 | 66.00 | 137.00 | 45.00 | 133.00 | 34.00 | 62.00 |
| Net increase in cash | 54.00 | 239.00 | -550.00 | -387.00 | 53.00 | 27.00 | -39.00 | -131.00 |
| con:CFO.BEFORE_TAX | 185.00 | 742.00 | 220.00 | 654.00 | 226.00 | 802.00 | 57.00 | 439.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 76.00 | 183.00 | 103.00 | 223.00 | 78.00 | 165.00 | 18.00 | 111.00 |
| con:CF_OTHER.OPERATING | 0.00 | 175.00 | -543.00 | -326.00 | 33.00 | 14.00 | -120.00 | -162.00 |
| con:INVESTMENTS_PURCHASED | 110.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 96.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-21 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 72.20 | 72.20 | 72.20 | 72.20 | 72.20 | 72.20 | 72.20 | 72.20 | 72.20 | 72.20 | 0.72 | 0.72 | 0.72 | 0.72 |
| Domestic institutions | 15.25 | 12.72 | 12.28 | 11.10 | 10.78 | 9.64 | 9.64 | 8.83 | 8.67 | 8.64 | 0.09 | 0.09 | 0.09 | 0.09 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 2.24 | 0.02 | 0.02 | 0.02 | 0.02 |
| Insurance companies | 8.25 | 7.40 | 7.45 | 7.61 | 7.44 | 6.79 | 6.79 | 6.46 | 6.43 | 6.39 | 0.06 | 0.06 | 0.06 | 0.06 |
| Foreign institutions | 3.45 | 3.98 | 3.21 | 4.18 | 3.50 | 2.73 | 3.19 | 3.34 | 3.33 | 3.47 | 0.04 | 0.03 | 0.03 | 0.03 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 27.80 | 27.80 | 27.80 | 27.80 | 27.80 | 27.80 | 27.80 | 27.80 | 27.80 | 27.80 | 0.28 | 0.28 | 0.28 | 0.28 |
| Non-institutional | 9.11 | 11.10 | 12.31 | 12.52 | 13.51 | 15.42 | 14.97 | 15.63 | 15.80 | 15.69 | 0.16 | 0.16 | 0.16 | 0.16 |
| Shares outstanding | 240301887 | 240301887 | 240301887 | 240301887 | 240301887 | 480603774 | 480603774 | 480603774 | 480603774 | 480603774 | 480603774 | 480603774 | 480603774 | 480603774 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| MINISTRY OF RAILWAYS | CONTROLLING AUTHORITY | Advance, Any other transaction, Dividend paid, Purch | 3,221,612,000.00 | 8 |
| SOUTH WESTERN RAILWAY | CONTROLLING AUTHORITY | Sale of goods or services | 691,364,000.00 | 1 |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED | COMPANIES UNDER COMMON CONTROL | Any other transaction, Sale of goods or services | 553,981,000.00 | 2 |
| RITES CONTRIBUTORY PROVIDENT FUND | TRUST | Any other transaction | 413,270,000.00 | 1 |
| NORTH EAST FRONTIER RAILWAYS | CONTROLLING AUTHORITY | Sale of goods or services | 411,839,000.00 | 1 |
| RITES SUPERANNUATION PENSION TRUST | TRUST | Any other transaction | 122,118,000.00 | 1 |
| EAST COAST RAILWAY | CONTROLLING AUTHORITY | Sale of goods or services | 108,910,000.00 | 1 |
| REMC Ltd. | SUBSIDIARY COMPANY | Any other transaction, Sale of goods or services | 77,700,000.00 | 2 |
| CONTAINER CORPORATION OF INDIA LTD | COMPANIES UNDER COMMON CONTROL | Sale of goods or services | 54,102,000.00 | 1 |
| DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA | COMPANIES UNDER COMMON CONTROL | Sale of goods or services | 43,355,000.00 | 1 |
| RITES EMPLOYEE GROUP GRATUITY CUM LIFE INSURANCE SCHEME TRUS | TRUST | Any other transaction | 29,118,000.00 | 1 |
| NORTH WESTERN RAILWAY | CONTROLLING AUTHORITY | Sale of goods or services | 20,103,000.00 | 1 |
| CENTRAL RAILWAYS | CONTROLLING AUTHORITY | Sale of goods or services | 17,771,000.00 | 1 |
| IRCON INTERNATIONAL LIMITED | COMPANIES UNDER COMMON CONTROL | Sale of goods or services | 14,765,000.00 | 1 |
| NORTHERN RAILWAYS | CONTROLLING AUTHORITY | Sale of goods or services | 13,093,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2023-11-08 | Q2FY24 | DIRECTOR– RITES LIMITED, LIMITED, RITES LIMITED | Read the call |
| 2023-05-26 | Q4FY23 | Read the call | |
| 2022-08-05 | Q1FY23 | Shri Anil Vij, Shri Gopi Sureshkumar Varadarajan, Shri Rahul Mithal, Shri. Bibhu Prasad Na | Read the call |
| 2022-06-01 | Q4FY22 | Read the call | |
| 2022-03-30 | Q3FY22 | Read the call | |
| 2021-12-06 | Q2FY22 | Read the call | |
| 2021-07-22 | Q1FY22 | Read the call | |
| 2021-03-04 | Q3FY21 | Read the call | |
| 2020-12-11 | Q2FY21 | Read the call | |
| 2020-09-01 | Q1FY21 | Read the call | |
| 2020-08-08 | Q1FY21 | Read the call | |
| 2020-03-13 | Q3FY20 | Read the call | |
| 2019-03-01 | Q3FY19 | Read the call | |
| 2019-02-14 | Q3FY19 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q2FY22 | Q2FY24 | Q3FY19 | Q3FY20 | Q3FY21 | Q3FY22 | Q4FY22 | Q4FY23 |
|---|---|---|---|---|---|---|---|---|
| Capex | My first question is on opportunity in Railway, if we look at the railway CAPEX is significantly happened in the past 2 years, and this will continue. | We really don't -- our average capex has been in the range of about INR100 crores, INR150 crores traditionally. | Integrated check post at Moreh, this is in Manipur at India - Myanmar border, etc. these are some projects which were completed in Q3. Interim budget … | Second thing, Sir you had highlighted in the Q2 con call that you will be doing some Capex of Rs70 crore for this year with the locomotives buying som… | For various reasons, but once the CAPEX for 21-22 increases, even the OPEX increases, we’ll get a better hand on the quality assurance revenue. | Sir just wanted an update on the CAPEX for nine months what we’ve done, what is for Q4 and what is for FY23. And if possible, if we can have a break-u… | Capex we have done about Rs.140 crore FY2021-22 and we would remain in that range. | You could be doing PMC or general consultancy of a capex infra project which will last in construction for about three years so the range varies vary … |
| Capital allocation | So, cash is yes, we have a healthy cash balance but now as you see we have declared the interim dividend which is also quite a healthy interim dividen… | November 01, 2023 reason of holding back on dividend and that is why we are flowing back the earnings that we get to our stakeholders and that's why y… | My second question was regarding the dividend and dividend policy. | And Sir lastly and the budget that was announced this month so wherein there is no dividend distribution tax... it is abolished. | But then they could not acquire the land in time, they were supposed to provide land say by June or so, but due to pandemic, the land acquisition proc… | So, the turnkey projects normally take about, on an average, three years to about four years because they involve issues like land acquisition, contra… | Thanks for the opportunity and congratulations for a wonderful set of numbers and for a good dividend as well. | Sir just one suggestion apart from dividends if we can also think of buyback with such an amount of cash we are generating and that will be good for t… |
| Costs | — | — | — | — | — | — | Any challenges that you are seeing in ramping RITES Limited May 25, 2022 up this, I understand you have already highlighted and you expect this to imp… | — |
| Debt and cash | — | From a balance sheet point of view, does this differ, will that increase in the working capital requirement or things like that, that you can provide … | — | Sir, what is the position of working capital cycle at this point in time? | Let me first clear the turnkey where major cash flow would be happening, these are sizeable contract and here we get money in advance. | — | — | How much of this is the working capital requirement? |
| Demand | We have declared a second interim dividend of Rs 4 per share and we have a consolidated order book as of 30thSeptember of Rs.6435 crore. | We have not yet added any of these to our order books. | One DMU train-set has been exported to Sri Lanka and trial runs for the same have been successfully completed and in fact this has been put to public … | RITES Limited February 07, 2020 The company’s consolidated order book now stands at Rs.5782 crore as of December 31, 2019. | Working towards post-pandemic economic growth, we have maintained focus on project execution, sustaining margins and consolidation of order book. | Sir, if you see our export order book, we are roughly at around Rs.600, 650 odd crores which 105667/2022/P&C WRITES THE INFRASTRUCTURE PEOPLE | Congratulations on a great set of numbers, so if you could help me out with the breakup of the current order book? | You see there is a lot of pent-up demand in a number of prospective clients across Africa and Southeast Asia for the export of rolling stocks. |
| Guidance | If we are able to consolidate and leverage on our strength, we would definitely see a healthy outlook for FY23. The bottom line of all our efforts in … | Any number you would like to assign in terms of guidance, say, '22 to '24 something? | Nine months performance of the company is in line with the targeted 22% operating income growth over last year as was given in the outlook for the yea… | Sir, the first question is on the turnkey project, what sort of margins can we expect going forward right now? | Where exactly the big ticket numbers going to come, what exactly is the timeline, which are those projects, if you can guide us on that? | And in terms of margins in the turnkey, earlier we were guiding it around 3% to 4% margin, but this quarter it was hardly anything we have earned. | Sir my second question pertains to our outlook for FY2023 given that now we just have Rs.450 odd crore of order book how do you foresee FY2023 panning… | So, it looks like there is a benefit of operating leverage in this line item can you guide me in how this number could be in FY2024 or FY2025? maybe a… |
| Margin | These are comparative figures between Q2 of FY22 vis-à-vis Q2 of FY21. The core EBITDA and PAT margins sustained at healthy 27% and 21%. | And then at those levels, margin obviously to get those on the margin would be wait out, but it is getting back those levels of revenue and then subst… | EBITDA for Q3FY19 has been recorded at Rs. | 620 crore from Rs.535 crore in Q3 FY2020 Operating profit of the company for the quarter has increased by 8.1% and stands at Rs.157 crore against Rs.1… | EBITDA and PAT stand at Rs.159 crore and Rs.105 crore against Rs.214 crores and Rs.150 crore, respectively, in Q3 FY20. Efficient execution and timely… | And if so, how do you foresee the FY23 revenue and EBITDA margins playing out? | So if you look at from a 4-5 year perspective, do you think the company should be able to target double-digit growth with a stable margin profile? | Further to this, the international consultancy which I have been saying in the previous interactions under the RITES Videsh initiative saw 50% jump ye… |
| People | — | — | — | — | And finally sir on the consultancy and construction business, what exactly is the manpower utilization looking like, because the numbers were softer i… | — | — | Sir just one thing on the cash balances could you please throw some idea on what the balance looks like and what your plans could be utilization of ca… |
| Pricing | — | — | — | This is waiting for shipping and would get billed in Q4, Let us not go into item-wise pricing detailing. | This tender, we have not been able to make it there, that was a very aggressively bid which we don’t do pricing at that level. | So any comment on there; is it because of the input price increase or while there was no profit? | — | — |
| Revenue growth | Core EBITDA has shown a growth of about 69% and is primarily on account of export and leasing growth. | Sir, my question pertains to our top line. | 394 crore in third quarter of FY18 registering a growth of 43% on a Y-o-Y basis. | 583 crore in third quarter of FY2020, registering a growth of 13.9% Y-o-Y basis. | I believe that the emphasis on infrastructure development in the Union Budget of FY21-22, National Rail Plan and National Infrastructure Pipeline will… | However, that concern of yours regarding the impact on the top line and the margins will be more than taken care of by our current order book which is… | In terms of the topline while we will definitely aim for consolidating on the operating revenue, which we got for 2021-2022, yes but there is a challe… | There is about a 70% to 80% drop in the contribution of this stream of revenue and this being a high-top line and high-bottom line contributor, the ke… |