Small Consumer Durables

Rites Ltd.

RITES

₹300.15

-2.93% (-9.05)

Market Cap

₹14,421 Cr.

P/E

37.48

Rites Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Rites Ltd. Shareprice

Has the share price of Rites grown faster than its competition?

Rites has given lower returns compared to its competitors.
Rites has grown at ~25.19% over the last 2yrs while peers have grown at a median rate of 48.39%

Is Rites stock expensive?

Yes, Rites is expensive.
Latest PE of Rites is 37.93, while 3 year average PE is 21.4.
Also latest EV/EBITDA of Rites is 21.45 while 3yr average is 10.59.

View FAQ's On Business

Growth Table

Rites Ltd.
BLS Internatl.Serv
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PTC India
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-7.20	25.19	34.75	22.72	19.56	17.71	—	—	—	—
TTM EPS CAGR	-15.96	-16.24	-10.03	-4.65	-8.47	-3.10	—	—	—	—
Sales CAGR	-9.58	-8.14	-5.90	4.52	-2.17	1.34	6.48	23.17	—	—
PAT Margin (Abs Growth)	-1.64	-1.05	-3.07	-5.59	-3.99	-3.93	-7.56	-13.50	-12.42	-6.32
PE CAGR	10.42	49.46	49.77	28.71	30.63	21.48	—	—	—	—
CFO CAGR	-22.91	18.06	-5.76	8.02	21.41	0.86	-3.53	-0.88	—	2.62

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Rites Ltd.
BLS Internatl.Serv
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PTC India
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	4,388	4,771	5,117	5,354	5,906	5,806	5,791	5,941	5,635	6,119
Non Current Assets	977	968	854	880	917	1,023	1,161	1,140	1,151	1,232
Net Block	419	405	401	477	590	584	560	552	535	574
Capital Work in Progress	8.88	4.86	1.96	3.91	4.45	15.49	58.11	101	174	47.58
Intangible Assets Under Development	1.58	1.58	1.58	1.59	—	—	—	2.50	0.18	0.31
Long Term Investments	201	135	133	141	149	178	129	105	109	0.04
Current Assets	3,452	3,832	4,316	4,546	5,018	4,810	4,662	4,832	4,511	4,887
Inventory	11.41	50.42	9.38	105	10.67	286	119	30.91	4.93	78.08
Accounts Receivable	534	462	468	610	844	584	740	907	900	740
Short Term Investments	50.00	193	—	—	112	111	75.92	25.00	—	20.00
Cash & Bank Balances	2,551	2,887	3,596	3,506	3,613	3,357	3,299	3,449	3,141	3,375
Liabilities	4,388	4,771	5,117	5,354	5,906	5,806	5,791	5,941	5,635	6,119
Shareholders Funds	1,883	2,038	2,214	2,422	2,633	2,392	2,489	2,604	2,609	2,640
Share Capital	100.00	200	200	200	250	240	240	240	240	481
Reserves	1,783	1,838	2,014	2,222	2,383	2,152	2,248	2,363	2,369	2,160
Non Current Liabilities	272	276	262	155	283	231	183	268	177	181
Secured Loans	111	75.76	47.65	39.93	32.59	24.64	16.98	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	2,206	2,413	2,584	2,705	2,908	3,095	3,013	2,954	2,737	3,189
Accounts Payable	89.51	73.11	77.09	199	136	296	181	302	220	364
Short Term Loans	—	—	—	—	—	0.07	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Rites Ltd.
BLS Internatl.Serv
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PTC India
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453	2,218
Operating Expenses	737	993	1,080	1,471	1,814	1,356	1,938	1,883	1,809	1,703
Raw Material	138	253	113	223	249	333	478	98.66	36.40	0.00
Material Cost (%)	12.52	18.69	10.23	6.19	13.88	2.81	23.62	7.13	2.49	-3.19
Employee Cost	341	417	459	487	521	483	517	509	492	503
Power & Fuel Cost	4.61	4.64	4.69	4.46	4.74	4.09	4.02	4.46	4.84	—
Operating Profit	365	358	417	576	661	550	724	745	644	515
Other Income	192	210	154	193	261	99.74	83.45	102	86.12	106
OPM (%)	33.09	26.50	27.84	28.14	26.70	28.85	27.19	28.34	26.26	23.22
Depreciation and Amortisation	34.74	38.26	36.34	38.39	47.27	51.87	65.61	66.69	60.66	62.12
Interest	1.18	13.69	13.48	9.14	7.33	6.03	7.25	7.03	4.71	5.80
Profit Before Tax	518	505	519	730	874	593	735	774	670	553
Tax	178	167	162	240	241	148	197	203	175	141
Net Profit	338	328	342	470	616	432	516	542	455	411
Number of shares(Crs)	—	—	—	20.00	25.00	24.03	24.03	24.03	24.03	—
Dividend Payout Ratio(%)	40.19	40.50	32.12	54.31	64.92	72.25	79.11	90.88	94.98	—

TTM Values as of Mar 2025

Cash Flow

Rites Ltd.
BLS Internatl.Serv
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PTC India
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	463	555	410	164	317	516	310	560	432	637
Profit Before Tax	518	505	519	730	874	593	735	774	670	565
Adjustments	-140	-76.94	6.97	-109	-98.61	-66.77	55.94	33.53	-0.85	-27.63
OCF Before Working Capital	378	428	526	622	776	526	791	807	670	537
Working Capital Changes	270	294	65.40	-216	-249	92.37	-296	-65.13	-15.21	265
Taxes Paid	-184	-167	-181	-242	-210	-102	-185	-183	-223	-165
Cash from Investing Activity	-570	-57.93	-459	137	38.37	184	52.96	-15.00	11.07	-219
Net Fixed Assets Purchased	-194	-15.29	-61.67	-152	-112	-79.71	-142	-135	-137	-132
Fixed Assets Purchased	-194	-21.15	-61.83	-152	-113	-79.78	-142	-136	-137	-133
Fixed Assets Sold	0.18	5.86	0.16	0.07	0.12	0.07	0.26	0.23	0.54	0.34
Investment Purchased	-505	-189	-567	-0.25	-111	-2,105	-1,394	-1,127	-1,082	—
Investment Sold	1.25	50.00	50.00	169	140	2,272	1,520	1,193	1,156	—
Interest Recieved	129	97.95	112	115	118	89.83	64.26	53.37	72.89	55.93
Dividends Recieved	1.25	4.45	7.22	4.14	3.13	4.31	2.19	0.97	0.01	4.80
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	37.96	-215	-217	-279	-419	-708	-440	-483	-504	-405
Proceeds From Shares	—	—	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	-7.66	-24.65	0.00	0.00
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	—	—	—	—	-7.66	-24.65	—	—
Interest Paid	—	-11.84	-9.00	-6.54	-5.22	-5.36	-5.29	-3.94	-2.68	-5.03
Dividend Paid	-77.00	-146	-148	-215	-330	-366	-425	-452	-500	-397
Net Cash Flow	-68.44	282	-267	21.63	-63.66	-8.82	-77.65	61.65	-61.45	13.07
Opening Cash & Cash Equivalents	444	429	406	145	169	117	813	809	1,048	661
Effect of FX	50.03	1.78	5.72	1.93	11.60	10.66	8.86	2.65	0.01	-0.05
Closing Cash & Cash Equivalents	426	713	145	169	117	119	809	1,048	661	688
Net Capex (est)	194	15.29	61.67	152	112	79.71	142	135	137	132
Free Cash Flow (est)	269	540	348	11.94	205	436	168	424	295	505

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Rites Ltd.
BLS Internatl.Serv
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PTC India
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.50	1.56	1.59	1.67	1.64	1.72	1.46	1.51	1.63	1.65
Liquid Assets (Crs)	2,771	3,446	3,826	4,320	4,441	5,007	4,524	4,543	4,801	4,506
Current Liabilities (Crs)	1,852	2,206	2,413	2,584	2,705	2,908	3,095	3,013	2,954	2,737
Current Ratio	1.50	1.56	1.59	1.67	1.68	1.73	1.55	1.55	1.64	1.65
Current Assets (Crs)	2,778	3,452	3,832	4,316	4,546	5,018	4,810	4,662	4,832	4,511
Current Liabilities (Crs)	1,852	2,206	2,413	2,584	2,705	2,908	3,095	3,013	2,954	2,737
Interest Coverage Ratio	281	440	37.86	39.47	80.87	120	99.27	102	111	143
EBIT (Crs)	455	522	530	534	731	874	598	742	780	670
Interest Expenses (Crs)	1.62	1.18	13.69	13.48	9.14	7.33	6.03	7.25	7.03	4.71
Fixed Asset Turnover	2.85	1.90	2.83	2.94	3.28	3.16	2.31	3.09	2.86	2.58
Net Sales (Crs)	1,017	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453
Fixed Assets (Crs)	357	581	478	510	624	783	824	862	919	952
Cash Conversion Cycle	-392	-102	25.30	-71.09	-302	-73.87	-1,327	-30.51	-361	-1,439
Inventory Days	18.62	9.37	8.35	6.52	9.11	7.65	24.95	25.30	9.10	2.30
Days Receivable	122	149	134	101	85.83	96.23	120	82.76	100	116
Days Payable	532	261	117	179	397	178	1,472	139	471	1,557
Debt to Equity Ratio	0.06	0.06	0.04	0.02	0.02	0.02	0.01	0.01	0.00	0.00
Total Debt (Crs)	94.33	121	83.43	55.32	47.60	40.26	32.38	24.65	0.00	0.00
Shareholders Equity (Crs)	1,629	1,883	2,038	2,214	2,422	2,633	2,392	2,489	2,604	2,609
Free Cash Flow/Sales (%)	-19.77	24.42	39.95	23.26	0.58	8.27	22.88	6.31	16.15	12.02
Free Cash Flow(est) (Crs)	-201	269	540	348	11.94	205	436	168	424	295
Net Sales (Crs)	1,017	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453
Profitability Ratios
Gross Margin (%)	92.11	87.48	81.31	89.77	93.81	86.12	97.19	76.38	92.87	97.51
Op Profit Margin (%)	32.19	33.09	26.50	27.84	28.14	26.70	28.85	27.19	28.34	26.26
Operating Profit (Crs)	481	557	568	571	769	921	649	807	847	730
Net Sales (Crs)	1,017	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453
Net Profit Margin (%)	29.80	30.71	24.30	22.87	22.93	24.90	22.69	19.40	20.62	18.57
Net Profit (Crs)	303	338	328	342	470	616	432	516	542	455
Net Sales (Crs)	1,017	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453
ROCE (%)	25.04	23.92	22.47	21.09	27.59	29.15	22.04	26.70	26.11	23.11
EBIT (Crs)	455	522	530	534	731	874	598	742	780	670
Capital Employed (Crs)	1,816	2,182	2,358	2,533	2,649	2,998	2,711	2,777	2,987	2,898
Return on Assets (%)	8.26	7.71	6.88	6.69	8.77	10.43	7.45	8.92	9.12	8.08
Net Profit (Crs)	303	338	328	342	470	616	432	516	542	455
Total Assets (Crs)	3,668	4,388	4,771	5,117	5,354	5,906	5,806	5,791	5,941	5,635
ROIC (%)	-29.05	-31.66	-26.08	-19.50	-31.46	-50.26	-37.66	-53.72	-58.73	-67.16
Op Profit after Taxes (Crs)	201	217	214	262	361	444	373	482	500	431
Invested Capital (Crs)	-692	-684	-819	-1,342	-1,147	-884	-991	-898	-852	-642
ROE (%)	18.59	17.97	16.11	15.47	19.38	23.40	18.08	20.75	20.82	17.45
Net Profit Margin (%)	29.80	30.71	24.30	22.87	22.93	24.90	22.69	19.40	20.62	18.57
Asset Turnover ratio	0.28	0.25	0.28	0.29	0.38	0.42	0.33	0.46	0.44	0.44
Equity Multiplier	2.25	2.33	2.34	2.31	2.21	2.24	2.43	2.33	2.28	2.16
Adjusted EPS	6.07	6.78	6.57	6.85	9.39	12.32	9.00	10.74	11.28	9.48
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	11.03	9.98	13.37	12.23	15.72	35.05
Price to Book	0.00	0.00	0.00	0.00	2.14	2.33	2.42	2.54	3.27	6.12
EV/EBITDA	-3.88	-4.19	-4.58	-5.86	2.24	2.80	3.79	3.77	5.99	17.56
Dividend Yield (%)	—	—	—	—	4.92	6.51	5.40	6.47	5.78	2.71

Quarterly Results

Rites Ltd.
BLS Internatl.Serv
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PTC India
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	677	687	544	582	683	643	486	541	576	615
Operating Expenses	484	495	383	445	514	467	380	435	458	430
Increase/Decrease in Stock	40.40	3.87	20.79	-20.43	24.16	0.26	-0.63	-0.75	-16.90	-52.37
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	125	136	124	119	125	124	130	121	125	127
Selling and Distribution Expenses	13.62	15.40	12.81	14.33	14.41	17.85	10.74	14.45	14.80	14.22
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	193	192	161	138	169	176	106	106	117	186
Other Income	26.04	18.82	18.28	26.45	16.96	24.43	22.49	21.27	38.43	23.52
Interest	2.19	2.31	0.92	1.43	1.88	0.48	1.05	2.42	1.04	1.29
PBDT	217	208	179	163	184	200	127	125	155	208
Depreciation and Amortization	18.52	16.63	16.07	14.06	14.96	15.57	14.41	14.94	15.98	16.79
Profit Before Tax	198	191	163	149	169	184	113	110	139	191
Tax	52.21	52.24	42.97	40.11	42.06	50.02	24.54	28.78	34.62	53.42
Profit After Tax	146	139	120	109	127	134	88.27	81.40	104	138
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	140	132	108	101	120	126	79.02	72.98	100	133
Quarterly Ratios
EPS	2.91	2.75	2.25	2.10	2.50	2.62	1.64	1.52	2.08	2.76
Operating Profit Margin	28.51	27.89	29.65	23.67	24.73	27.36	21.78	19.65	20.38	30.16
Net Profit Margin	21.59	20.27	22.00	18.66	18.59	20.88	18.17	15.05	18.09	22.36

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

46.30%

Implied Growth Rate over a 5 year period*

17.00%

Implied Growth Rate over a 10 year period*

7.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Rites Ltd. Financials

How strong is Rites balance sheet?

Balance sheet of Rites is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Rites increasing or decreasing?

Yes, The net debt of Rites is increasing.
Latest net debt of Rites is -₹3,375.12 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹6,282.65 Crs.

Is the profitablity of Rites improving?

No, profit is decreasing.
The profit of Rites is ₹411 Crs for TTM, ₹455 Crs for Mar 2024 and ₹542 Crs for Mar 2023.

Does Rites pay decent dividends?

The company seems to pay a good stable dividend.
Rites latest dividend payout ratio is 94.98% and 3yr average dividend payout ratio is 88.32%

How has Rites allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Rites Ltd.

Rites Ltd.

Has the share price of Rites grown faster than its competition?

Is Rites stock expensive?

How strong is Rites balance sheet?

Is the debt of Rites increasing or decreasing?

Is the profitablity of Rites improving?

Does Rites pay decent dividends?

How has Rites allocated its funds?

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