Rites Ltd. Share Price

RITES Ltd shares are trading higher today

RITES Ltd shares are trading higher today (Oct 15, 2026) at around ₹214.30, up 6.78% from the previous close, following strong investor interest after its Q2 FY27 results showed year-on-year profit growth despite quarter-on-quarter declines. The company also announced a board meeting on Nov 4, 2026, to consider interim dividends. 📊 RITES Ltd – Latest Updates (Oct 15, 2026) Stock Performance Current Price: ₹214.30 (up 6.78%) Day Range: ₹199.00 – ₹219.00 52-Week Range: ₹175.10 – ₹259.30 Volume: 2.64 million (vs 20-day avg of 4.22 million) Dividend Yield: 3.49% (higher than industry average) Volatility (Beta): 0.95 (medium volatility) Quarterly Results (Q2 FY27, released Oct 14, 2026) Revenue: ₹532.20 crore (↓30.73% QoQ, ↑8.67% YoY) Operating Profit: ₹114.66 crore (↓31.81% QoQ, ↑0.45% YoY) Net Profit: ₹97.78 crore (↓29.83% QoQ, ↑7.58% YoY) Profit Before Tax: ₹130.56 crore (↓29.71% QoQ, ↑7.38% YoY) Despite QoQ declines, YoY growth remains positive, showing resilience in overseas projects.

See More

CONCOR Awards ₹87.15-Crore Contract To Domestic Company

Container Corporation of India Limited

has announced a significant fleet expansion by awarding a contract valued at ₹87.15 crore to a domestic entity. The contract involves the supply of 12 rakes of Bogie Low Spine Car (BLSS) wagons equipped with Brake Van Type BVCM to strengthen CONCOR's logistics capacity. This development represents a critical capital investment by CONCOR to expand its rolling stock fleet rather than an outward sales order win. By adding 12 specialized BLSS (Bogie Low Spine Car) wagon rakes, CONCOR is aggressively building capacity to absorb expected cargo growth from the newly operationalized Dedicated Freight Corridor (DFC) segments and to resolve trade congestion at major ports like JNPA. In September 2026, CONCOR awarded a similar wagon contract valued at ₹89.09 crore to Jamalpur Locomotive Workshop for 12 rakes. Prior to this, in June 2026, RITES and CONCOR signed an MoU to modernize and optimize infrastructure at over 60 terminals to enhance multi-modal efficiency. CONCOR's steady capital deployment towards asset addition highlights its resilience and market preparation. This fleet enhancement will act as a primary growth driver to secure long-term revenue visibility and maintain market dominance in the multi-modal logistics space. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

See More

RITES Limited gets ₹38.30 crore tax relief

RITES Limited received ₹38.30 crore relief on its FY20 tax, interest and penalty demand after the Gujarat appellate authority partially set aside the order. The relief follows an appeal against a State Tax Officer order for FY2019-20. The company had made a ₹1.93 crore pre-deposit while filing the appeal. RITES said there is no further tax, interest or penalty liability pursuant to the demand order, subject to applicable law. For investors, the immediate impact is positive because ₹38.30 crore of a disputed liability has been removed. The amount is meaningful, but it should not be treated as a recurring earnings driver. The bigger factor for RITES is still execution of its ₹9,450 crore order book. Management expects FY28 to be a stronger year as projects secured over the last few years start contributing to revenue and profit. My view is that the tax relief improves the near-term sentiment, but the stock needs operating performance to sustain a stronger move. I would watch quarterly revenue growth, order inflows and execution of the current order book. The next trigger is whether RITES can move beyond the ₹10,000 crore order book level while maintaining profitability. Call: Positive on the tax relief, but execution remains the key trigger. I would avoid chasing the stock only on this one-off development.

Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.

See More

RITES has recently strengthened its infrastructure

RITES has recently strengthened its infrastructure and consultancy pipeline, with the company signing an MoU with NHIDCL on 23 September 2026 to provide consultancy and technical support for highway, tunnel and other infrastructure projects, including DPR preparation, engineering, quality monitoring and technical audits. On 22 September, RITES also disclosed an update regarding a major order secured from South Central Railway, while on 25 September it announced the initiation of the closure process for its wholly owned RITES (Afrika) Proprietary Limited. The company has also been expanding internationally, including a South Africa branch office and a US$35.82 million locomotive supply and commissioning order from Volantis Asset Finance. Operationally, RITES reported a record ₹9,445 crore order book as of June 30, 2026, 128 new orders worth about ₹670 crore in Q1 FY27, and management has indicated a target of around ₹10,000 crore order book by FY27-end; Q1 FY27 consolidated revenue was reported at ₹532.2 crore by market sources, while the company's own release reports revenue of ₹561 crore and PAT of ₹98 crore, along with a ₹1.40/share interim dividend. The Ministry of Railways has also approved Rahul Mithal's continuation as CMD until June 30, 2027, subject to the stated conditions. Overall, the latest disclosures are centred on new infrastructure orders, consultancy expansion, international business, order-book growth and management continuity, while investors should separately track upcoming financial results and subsequent exchange filings for fresh earnings-related developments.

See More

RITES Ltd railways psu Company Fundamental Analysis

RITES is a Navratna PSU under the Ministry of Railways and operates as a multidisciplinary transport infrastructure consultancy and engineering company. Its businesses cover railway consultancy, turnkey projects, leasing, exports of railway equipment, urban transport, airports and energy infrastructure. Unlike railway financing PSUs, RITES has a relatively asset-light model, with consultancy, project management and export activities providing meaningful margins. FY26 consolidated operating revenue increased to ₹2,415 crore from ₹2,196 crore, while EBITDA rose 7.7% to ₹568 crore and PAT increased 7.3% to ₹454 crore. EBITDA margin remained healthy at about 23.5%. Q1 FY27 continued the positive trend, with consolidated operating revenue rising 8.6% YoY to ₹561 crore, EBITDA increasing 2.5% to ₹122 crore and PAT rising 7.7% to ₹98 crore. Importantly, RITES entered FY27 with its highest-ever order book of approximately ₹9,445 crore and added more than ₹670 crore of orders/extensions during Q1, providing reasonable revenue visibility. The major growth drivers are India's railway and transport infrastructure spending, consultancy opportunities, turnkey execution, leasing and recovery in exports. The balance sheet is a major strength, with negligible debt and relatively low interest costs; Groww's latest financial data shows Q1 FY27 revenue of ₹560.7 crore, EBITDA of ₹143.1 crore and PAT of ₹97.8 crore. Key risks include dependence on government/railway projects, tender-driven business, execution delays, fluctuations in international orders and moderation in margins if the business mix shifts toward lower-margin turnkey projects. Overall, RITES combines strong order visibility, a debt-light balance sheet and consistent cash-generation characteristics, while future growth will depend on converting the large order book into revenue without significant margin deterioration.

See More

RITES and NHIDCL MoU-signing ceremony at New Delhi

Rites Limited MOU with with National Highways & Infrastructure Development Corporation Limited (NHIDCL) to provide specialized consultancy and technical support services for the planning, development, construction and maintenance of highway and infrastructure projects across North-East and other strategic areas. The MoU establishes a framework to enhance project planning, engineering excellence, construction quality and safety standards across NHIDCL’s infrastructure portfolio. By bringing together NHIDCL’s expertise in developing national highways and strategic infrastructure with RITES’ extensive experience in transport infrastructure consultancy, the partnership aims at supporting the timely and efficient delivery of critical projects that drive regional connectivity and growth. Opinion : The stock price should react positively to the news in short run. Disclosure : I am not holding this stock. This is not a buy,sell or hold recommendation on the stock

See More