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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
RITES Limited is an India-based engineering and consultancy company providing a range of services and solutions in all areas of transport and infrastructure development. The Company is engaged in design engineering, project management consultancy, turnkey construction, export…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, stagnant business, fairly priced.
RITES is scored on the general / industrial framework. It keeps a healthy 18.0% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.72×) — worth a closer look. Free cash flow is worth about 4.8% of its market value.
Over the last 3 years revenue compounded at -3%/yr and profit at -7%/yr. Book value has been broadly flat (0.9%/yr). Return on equity is a healthy 15.2%. In the latest quarter profit fell 30% versus the prior quarter.
At 23× earnings, the stock sits at the 57th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~9%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 20.8 | 43.72 | better |
| P/B | 3.52 | 3.04 | worse |
| EV/EBITDA | 9.43 | — | — |
| ROE | 15.24 | 8.86 | better |
| ROCE | 20.54 | 12 | better |
| ROA | 7.65 | 7.01 | better |
| Quick Ratio | 1.66 | 1.96 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| GMR Airports Infra | 133.1 | -27.7 | -25.6% |
| NBCC | 25.8 | 6.6 | 24.8% |
| INTL Gemological INST | 26.5 | 10.1 | 38.0% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-3% vs -7%) — costs are rising faster than the top line.
Operating margin has compressed from 28% to 24% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 16% — a respectable return on shareholder capital.
Profit grew faster than EPS (-7% vs -28%) — share dilution is eroding per-share value. -28% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 30% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 12% above earlier ones.
Profit fell 30% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 72.2% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.