RITES: Infrastructure Growth & Dividend Strength

RITES is a leading government-owned transport infrastructure consultancy with strong exposure to railways, turnkey projects, exports and engineering services. Q1 FY27 revenue was ₹561 crore, while PAT stood at ₹98 crore. FY26 revenue reached ₹2,525 crore with PAT of ₹454 crore, demonstrating strong profitability and cash-generation capability. Latest News: RITES signed an MoU with HPCL for rail-infrastructure consultancy and recently partnered with MECON and CONCOR, expanding its addressable opportunity in logistics and infrastructure. Corporate Action/Catalysts: RITES declared a ₹1.40/share interim dividend for Q1 FY27 and recommended a ₹2.75/share final dividend for FY26. The company is also expanding overseas, including a new representative office in South Africa. With government infrastructure spending, railway modernization and international projects supporting growth, RITES offers attractive visibility; execution, order inflow and government-linked project concentration remain key risks.