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India
As of 18 Sept 2026, 03:30 pm
RITES Limited was scheduled to trade ex-dividend on September 18, 2026. The company had previously paid interim dividends totaling ₹5.20 per share between August 2025 and February 2026. A final dividend of ₹2.75 per share (27.50%) was proposed for approval at the 52nd Annual General Meeting on September 25, 2026, for the financial year ended March 31, 2026.
RITES Limited reported on September 8, 2026, that M/s S R Goyal & Co. was appointed as its Statutory Auditor for a 12-month term effective September 7, 2026, following their service in the 2025-26 financial year. This appointment was made by the Comptroller & Auditor General of India for the financial year 2026-27. The company also announced its 52nd Annual General Meeting on September 25, 2026, where shareholder approval would be sought for the reappointment of Dr. Deepak Tripathi as a director, the appointment of Shri Prem Singh Meena as Whole Time Director (Projects), and the appointment of Shri Jayant Kumar and Shri Atul Singh as Government Nominee Directors. Additionally, Shri Rahul Mithal's reappointment as Chairman & Managing Director until June 30, 2027, was on the agenda.
As of September 17, 2026, RITES Limited's stock has experienced varied returns. Over the past month, the return was -6%. The return over the last 6 months was 8%, while the return over the past year was -24%. Year-to-date, the return was -15%.
As of September 17, 2026, RITES Limited's stock is trading near several technical levels. Key support levels identified include ₹207.57 (1.17% below current price), ₹205.25, and ₹203.44. Resistance levels are noted at ₹210.23 (1.1% above current price), ₹212.55, and ₹224.64.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹532.20 crore | PEAK₹768.26 crore | ₹608.59 crore | ₹548.74 crore | ₹489.74 crore |
| Expenses | ₹434.94 crore | PEAK₹617.50 crore | ₹484.07 crore | ₹436.95 crore | ₹392.50 crore |
| Profit Before Tax | ₹125.74 crore | PEAK₹181.71 crore | ₹150.78 crore | ₹142.09 crore | ₹119.22 crore |
| Profit Loss For Period | ₹97.78 crore | PEAK₹139.35 crore | ₹115.10 crore | ₹109.10 crore | ₹90.89 crore |
| Finance Costs | ₹83 lakh | ₹90 lakh | ₹72 lakh | ₹76 lakh | PEAK₹1.42 crore |
| Tax Expense | ₹32.78 crore | PEAK₹46.40 crore | ₹38.95 crore | ₹37.28 crore | ₹30.70 crore |
Exchange disclosures and regulatory announcements for RITES.
On September 18, 2026, RITES Limited disclosed under Regulation 30 of the SEBI Listing Regulations that Niche Ninety Nine Capability and Certifications (OPC) Private Limited assigned an ESG rating of 69, intimated to stock exchanges on September 17, 2026. RITES clarified it did not engage Niche for the rating, which was independently prepared from public-domain information.
RITES Limited appointed M/s S R Goyal & Co. as its Statutory Auditor for a term of 12 months, effective September 7, 2026, following their service during the 2025–26 financial year. The appointment was reported on September 8, 2026, and the firm holds a valid Peer Review Board certificate.
The Comptroller & Auditor General of India appointed M/s S R Goyal & Co., Chartered Accountants, New Delhi as the statutory auditors of RITES Limited for the financial year 2026-27, effective September 7, 2026. The firm had previously served as the company's statutory auditor for the financial year 2025-26.
RITES Limited notified the National Stock Exchange and BSE on September 4, 2026, regarding the publication of a newspaper advertisement for its 52nd Annual General Meeting. The notice, published in 'Financial Express' (English) and 'Jansatta' (Hindi), covers details on the AGM, e-voting information, and the record date. Nikhil Agarwal, the Company Secretary & Compliance Officer, signed the filing to confirm compliance with SEBI Listing Regulations.
RITES Limited has scheduled its 52nd Annual General Meeting for September 25, 2026, to approve the adoption of audited financial statements for the fiscal year ended March 31, 2026, and declare a final dividend of ₹2.75 per share (27.50%) following interim dividends totaling ₹5.20 per share paid between August 2025 and February 2026. The meeting will also seek shareholder approval for the reappointment of Dr. Deepak Tripathi as a director by rotation, the appointment of Shri Prem Singh Meena as Whole Time Director (Projects), the appointment of Shri Jayant Kumar and Shri Atul Singh as Government Nominee Directors, and the reappointment of Shri Rahul Mithal as Chairman & Managing Director until June 30, 2027. Additionally, members are authorized to fix remuneration for statutory auditors appointed by the Comptroller and Auditor General of India for the financial year 2026-27.
RITES Limited has informed the Exchange about Notice of the 52nd Annual General Meeting (AGM) and Integrated Annual Report for the Financial Year 2025-26 |SUBJECT: General Updates
RITES Limited will hold its 52nd Annual General Meeting on September 25, 2026, at 11:00 AM via video conference. The agenda includes eight items: adoption of audited financial statements for FY ended March 31, 2026; confirmation of interim dividends and declaration of a final dividend for FY 2025-26; re-appointment of Dr. Deepak Tripathi as Director (Technical) retiring by rotation; authorization to fix remuneration of statutory auditors for FY 2026-27; appointment of Shri Prem Singh Meena as Whole Time Director (Projects) from March 19, 2026 to June 30, 2028; appointment of Shri Jayant Kumar and Shri Atul Singh as Government Nominee Directors; and re-appointment of Shri Rahul Mithal as Chairman & Managing Director with tenure extended to June 30, 2027.
On September 03, 2026, RITES Limited notified the National Stock Exchange and BSE that it issued letters to shareholders without registered email addresses providing a web link to access the Integrated Annual Report for the financial year 2025-26. The company also announced that its 52nd Annual General Meeting is scheduled for September 25, 2026, at 11:00 A.M. IST via video conferencing. The report is accessible via www.rites.com/FinancialStatements under the path Investors & Media > Financials > Financial Statements > Annual Reports.
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Comprehensive Section Breakdown for RITES
Strategic Vision: Engineering consultancy for transport and infrastructure globally.
• Public sector engineering consultancy corporation with expertise in transport and infrastructure.
• Provides a wide range of services including consultancy, design, project management, and equipment export.
• Acts as a third-party inspection agency for quality assurance.
In the quarter ended 30 June 2026 (FY2026-27 Q1), RITES reported revenue of ₹532.20 crore, down from ₹768.26 crore in the preceding March quarter but up 8.67% from the same period a year ago. While top-line expansion continued year-over-year, expenses grew at a slightly faster pace, leaving the core operating margin unchanged. Pre-tax profit increased modestly, driven primarily by a rise in income outside standard revenue and expense lines rather than operational leverage. Earnings per share rose to ₹1.81, supported by a tax calculation aligned with segment-level profitability.
The quarter marked a return to a lower revenue baseline following higher revenue levels in the previous fiscal year. Revenue fell by ₹236.06 crore, or 30.73%, from the March 2026 quarter. This brought the current quarter’s performance below the second quarter of the prior fiscal year (₹548.74 crore) but kept it above the first quarter of the prior year (₹489.74 crore).
Despite the sequential drop, the year-over-year comparison indicates expansion. Revenue increased by ₹42.46 crore, or 8.67%, compared to the June 2025 quarter. The trajectory within the prior fiscal year showed steady sequential growth from the second quarter through March, whereas the current quarter settled at a mid-range level relative to the previous twelve months.
A notable development in the quarter was the behavior of expenses relative to revenue. Total expenses rose by ₹42.44 crore, or 10.81%, year-over-year. This increase closely matched the absolute growth in revenue (₹42.46 crore). Consequently, the operating spread—the difference between revenue and expenses—remained virtually unchanged in absolute terms, moving from ₹97.24 crore in June 2025 to ₹97.26 crore in June 2026.
Because revenue grew while the operating spread stayed flat, the expense-to-revenue ratio increased to 81.72% in the current quarter, up from 80.14% a year earlier. This represents the highest expense ratio recorded across the five available quarters. The company recorded a proportionally larger increase in costs relative to new revenue volume, resulting in no incremental operating profit from the top-line growth.
Pre-tax profit increased by ₹6.52 crore, or 5.47%, to ₹125.74 crore. Given that the core operating spread did not grow, this profit increase originated from a component outside standard revenue and expense lines. The difference between the operating spread and reported pre-tax profit widened from ₹21.98 crore a year ago to ₹28.48 crore in the current quarter. This widening accounts for nearly the entire increase in pre-tax profit.
Analysis of the segment data shows a distinct reconciliation pattern. In the current quarter, reported net profit of ₹97.78 crore equals the segment pre-tax profit of ₹130.56 crore minus the tax expense of ₹32.78 crore exactly. This alignment does not hold for the headline pre-tax profit figure. The reported pre-tax profit of ₹125.74 crore is lower than the segment pre-tax profit by ₹4.82 crore, a gap that has widened from ₹2.37 crore a year ago. The data indicates that the tax expense is calculated based on the segment pre-tax profit measure rather than the headline pre-tax profit line. Net profit grew by 7.58% to ₹97.78 crore, outpacing the growth in reported pre-tax profit due to this difference in how the profit lines are defined.
Earnings per share followed the net profit trend, rising 8.38% to ₹1.81 per share. Diluted earnings per share remained identical to basic earnings per share, indicating no dilutive instruments were active during the period.
Financial costs remained low throughout the period. Finance costs decreased by 41.55% year-over-year, falling from ₹1.42 crore to ₹0.83 crore. At less than 0.2% of total revenue, these costs do not materially impact the quarter's profitability.
The effective tax rate remained consistent. Tax expense increased by 6.78% to ₹32.78 crore, consistent with the growth in taxable income components. The implied effective tax rate hovered around 25.1% for the current quarter and 25.2% for the prior-year quarter, showing minimal volatility in the company's tax burden.
RITES delivered a quarter characterized by a sequential revenue correction from the March peak, offset by solid year-over-year growth. While the company expanded its top line by 8.67%, cost pressures prevented any improvement in the core operating margin, as expenses grew faster than revenue. The resulting increase in pre-tax profit was not driven by operational leverage but by a widening gap between reported operating results and pre-tax profit figures. Investors should note that the reported net profit aligns directly with segment-level pre-tax profit rather than the headline pre-tax profit line, highlighting a structural distinction in how the company reports its earnings.
Category: B2B Services
Provides multidisciplinary engineering and project management consultancy for national, metro, and dedicated freight railways, including design, feasibility studies, track engineering, and electrification.
Category: B2B Services
Offers engineering design and construction supervision services for expressways and highway corridors.
Category: B2B Services
Provides development planning, terminal design, and marine engineering services for port and airport infrastructure.
Category: B2B Services
Delivers project management consultancy for Mass Rapid Transit Systems (MRTS) and urban planning initiatives.
Category: Supply Chain
Exports locomotives, passenger coaches, trainsets, and railway components manufactured in India to international railway networks.
Category: B2B Services
Leases locomotives, passenger coaches, and track maintenance machinery to domestic industrial railways, ports, and power utilities, and provides maintenance contract services.
Category: B2B Services
Acts as a third-party inspection agency for public sector entities, assessing quality standards for railway components, structural steel, and capital equipment.
Core Thesis: Leverages engineering expertise across diverse transport and infrastructure sectors to provide comprehensive consultancy and related services.
• Multidisciplinary Consultancy: Offers integrated engineering and project management consultancy across railways, highways, bridges, ports, airports, and urban transport. • Global Service Delivery: Provides consultancy, design, project management, and equipment export services to clients worldwide. • Ancillary Services: Includes export of rolling stock, leasing of equipment, and quality assurance inspections to complement core consultancy offerings.