RITES share price today

Rites Ltd's share price was ₹197.13 at the close on 4 November 2026. It has been falling for 58 weeks. That is 8.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹184 and ₹253, and at that close it sat 19% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Rites Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 8.3 years the share price moved +150% while the NIFTY 500 moved +134%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 8.6% to 9.2% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹532 crore, +8.6% on a year earlier.

RITES paid ₹8.05 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 4.08% at the ₹197.13 close on 4 November 2026. The last was a dividend of ₹2.75 a share, ex-date 18 September 2026. Next: ₹1.90 a share, ex-date 11 November 2026.

RITES dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Rites Ltd paid out 85% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), RITES reported revenue of ₹532 crore, up 8.6% from ₹490 crore a year earlier, and a profit of ₹98.0 crore, up 7.7% from ₹91.0 crore.

RITES results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

RITES' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

RITES closed at ₹197.13 on 4 November 2026, down 18.7% from ₹242.49 a year earlier (7 November 2025) and up 39.2% over five years. Its highest weekly close since July 2018 was ₹395.93 on 2 March 2024.

RITES share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

441 weekly closes from 6 July 2018 to 4 November 2026.

11 Nov 2026: Coming up: ex-date for an interim dividend of ₹1.90 a share. 4 Nov 2026: RITES closed at ₹197.13, up 4.7% on the week and down 5.9% on the month.

Earlier

• 28 Sep 2026: RITES held its results call for April to June 2026. Management guided: FY27 revenue growth at least double-digit on a year earlier, with Q3-Q4 execution driving delivery.
• 18 Sep 2026: ex-date for a dividend of ₹2.75 a share, record date 20 Sep 2026.
• 10 Aug 2026: ex-date for an interim dividend of ₹1.40 a share.
• Results for April to June 2026: Revenue up 8.6% and profit up 7.7% on a year earlier.
• 10 Feb 2026: ex-date for an interim dividend of ₹1.90 a share.
• 20 Sep 2024: Bonus issue: 1 new share for every 1 held (ex-date).

On the call for April to June 2026, held on 28 September 2026, RITES' management guided: FY27 revenue growth at least double-digit on a year earlier, with Q3-Q4 execution driving delivery.

“Leasing and consultancy are high-margin businesses, export is a moderate-margin business, and turnkey is a very low-margin business.”Krishan Gupta Agarwal, on the call for April to June 2026

What management guided

• Annual operating profit and profit margin red lines around 20% and 15%, respectively.
• Long-term annual revenue mix above 50% consultancy, 25%-30% turnkey, balance exports and leasing.
• Annual Capital spending within ₹100 crore, primarily for locomotive additions.
• Near-term dividend payout around 95%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When RITES reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 revenue and profit disclosure - check whether the unanswered profitability question receives a numerical framework.

RITES is on one of our India lists: Dividend stocks.

Rites Ltd earned ₹98.0 Cr of net profit in the Jun 2026 quarter, +7.7% on the same quarter a year earlier. Full-year FY26 profit was ₹454 Cr. Over 10 years profit has grown 2.9% a year on average. That is 18.4% of the quarter's revenue. The same quarter a year earlier earned ₹91.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹454 Cr (+7.1% on the year before).

Why profit moved: revenue changed +8.6% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +11.2% and revenue +10.9%. Profit and revenue are moving at about the same pace.

Rites Ltd reported ₹532 Cr of revenue in the Jun 2026 quarter, +8.6% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 7.1% a year on average. The last full year, FY26, came in at ₹2,415 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,458 Cr.

FY26 revenue was ₹2,415 Cr, +10.0% on the year before.

Recent pace: the last four quarters grew +10.9% on average, against 7.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.3%, against +1.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +9.0%, against −0.5% a year (accelerating).

Rites Ltd's operating margin was 22.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 24.0% and 34.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.8 percentage points on the year while gross margin changed −2.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 102% of Rites Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹327 Cr of operating cash against ₹454 Cr of profit. After ₹90.0 Cr of spending on assets, ₹237 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 102% of profit came in as cash: the cash cycle got 429 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.6× depreciation over three years. The next section checks what that spending is building.

Rites Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −317 days in FY26, down from 112 days in FY21. It spent ₹492 Cr on assets over the last 3 years. Customers take 141 days to pay, and stock sits for 63 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,415 Cr, each day of that cycle ties up about ₹6.6 Cr, so roughly −₹2,097 Cr is tied up in the business at any time.

FY26: customers took 141 days to pay and stock sat for 63 days, about 2.1 months of sales sitting as stock, for a full cycle of −317 days, shorter than FY21's 112.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 63 days. Customers pay about 141 days after that. Suppliers are paid at 520 days. Together that makes the −317-day cycle.

Spending on assets: ₹492 Cr over the last 3 years, against ₹189 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹89.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Rites Ltd's P/E is 22.8×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 15.8×, over 8.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +6.6% while the price moved −18.7%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +6.8% a year; about −1.2% a year came from earnings growth and about +8.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Rites Ltd's business is getting better. Profit growth hit its low 6 quarters ago at −15.1% and has recovered to +9.0%, with ROCE steady at 20.1%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a lasting rise from a low is what this page is built to show.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Rites Ltd earned a ROCE of 23% in FY26. That is up from a low of 21% in FY17. Its return on capital used (ROIC) is 7.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 18.8% net margin and 0.41× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 18.8% net margin × 0.41× asset turnover × 2.21× leverage (assets divided by equity) ≈ 17.0% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 19.1% − 12.0% = +7.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 19.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 20.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.