Stock market indices
Nifty 500 BSE 500
Rites Limited - financial services in Delhi, India. FY 2026 financials & compliance.
Active Listed - NSE: RITES · BSE: 541556 Public Limited Union Government Company financial services Nifty 500
Market Cap
₹9,488 Cr
RITES · NSE
Share Price
₹196.09
-0.67% today
Revenue
₹2,415 Cr
FY 2025-26 · +10.0% YoY
EBITDA
₹583 Cr
Margin 24.1%
Net Profit
₹410 Cr
FY 2025-26 · +6.6% YoY
P/E (TTM)
23.5x
P/B 3.7x
ROE
17.1%
ROCE 21.4%
Authorised capital
₹600 Cr
Registered with MCA
About Rites Limited
Data last updated:
Rites Limited is a public limited union government company based in Delhi, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 26 April 1974 and has been in existence for over 52 years.
Rites is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1974GOI007227. Its GSTIN is 07AAACR0830Q1Z8 (Delhi). The company holds 50 GST registrations, of which 45 are active. Its shares are listed on BSE: 541556 and NSE: RITES.
The company has an authorised share capital of ₹600 Cr and a paid-up capital of ₹480.6 Cr. It was formerly known as Rail India Technical & Economic Services Limited. It is led by directors including Rahul Mithal (Managing Director) and Deepak Tripathi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Scope Minar Laxmi Nagar Delhi, Delhi, India – 110092.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,415.08 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹410.16 Cr (net margin 17%) and EBITDA of ₹583.23 Cr (EBITDA margin 24.1%). The net worth stands at ₹2,681.24 Cr (up 1.6% YoY). Total assets are valued at ₹3,262.7 Cr (up 11.3% YoY).
The company has about 1,367 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 2 joint ventures.
The company is associated with 2 brands: Railway Energy Management Company and RITES. Court records list 800 cases involving the company, including 239 filed by the company and 561 filed against it; 145 cases are pending. The company has 17 deals on record (15 market trades, 1 buyback, 1 ipo); the latest was in July 2026. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rites.com.
Company details
CIN L74899DL1974GOI007227
Registration Number 007227
Incorporation Date 26 April 1974
ROC Delhi
Listing Status Listed (BSE: 541556, NSE: RITES)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Rites has one previous CIN (Corporate Identification Number): U74899DL1974GOI007227. The current CIN is L74899DL1974GOI007227, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899DL1974GOI007227 | Current |
| U74899DL1974GOI007227 | Previous |
Key People
Rahul Mithal Managing Director Deepak Tripathi Whole-Time Director Krishna Gopal Agarwal Whole-Time Director Recognitions & Rankings of Rites
Contact details
Rites Limited's registered office is in Delhi, Delhi. Its website is rites.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressScope Minar Laxmi Nagar Delhi, Delhi, India – 110092
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Rites Limited, buy the company report.
Comprehensive company report
Rites Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Rites operates two associated brands: Railway Energy Management Company and RITES. Each brand links to its own profile.
Business activity
The main business activities of Rites are professional, scientific and technical, construction and trade. In detail, this covers other professional, scientific and technical activities, roads, railways, utility projects and wholesale trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | |
| F | Construction | F2 | Roads, railways, Utility projects | |
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Rites Limited, buy the company report.
Financials of Rites Limited
FY 2025-26 filings availableRites Limited reported revenue of ₹2,415.08 Cr (up 10% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,415 Cr
+10.0% YoY
EBITDA
₹583 Cr
+7.4% YoY
Profit After Tax
₹410 Cr
+6.6% YoY
Net Worth
₹2,681 Cr
+1.6% YoY
Total Assets
₹3,263 Cr
+11.3% YoY
Total Debt
₹6.59 Cr
-27.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,415 | 2,196 | 2,453 | 2,628 | 2,662 | 1,905 | 2,474 |
| Revenue growth | +10.0% | -10.5% | -6.7% | -1.3% | +39.7% | -23.0% | - |
| EBITDA | 583 | 543 | 661 | 759 | 729 | 552 | 663 |
| EBITDA margin | +24.2% | +24.7% | +26.9% | +28.9% | +27.4% | +29.0% | +26.8% |
| Profit before tax | 608 | 565 | 670 | 774 | 735 | 593 | 874 |
| Net profit | 410 | 385 | 455 | 541 | 515 | 429 | 615 |
| Net profit margin | +17.0% | +17.5% | +18.6% | +20.6% | +19.3% | +22.5% | +24.9% |
| EPS (₹) | 8.54 | 8.01 | 18.95 | 22.56 | 21.49 | 17.99 | 24.64 |
| Balance sheet | |||||||
| Total assets | 3,263 | 2,933 | 2,926 | 3,019 | 2,819 | 2,748 | 3,020 |
| Net worth | 2,681 | 2,640 | 2,609 | 2,604 | 2,489 | 2,392 | 2,633 |
| Total debt | 6.59 | 9.03 | 8.00 | 5.42 | 27.59 | 36.55 | 47.47 |
| Cash & bank | 2,946 | 3,375 | 3,141 | 3,449 | 3,299 | 3,357 | 3,631 |
| Net working capital | 1,796 | 1,680 | 1,776 | 1,854 | 1,582 | 1,614 | 2,011 |
| Cash flow | |||||||
| Cash from operations | 327 | 637 | 432 | 560 | 310 | 516 | 319 |
| Cash from investing | (35.07) | (205) | (315) | 163 | 61.82 | 194 | 48.57 |
| Cash from financing | (424) | (405) | (504) | (483) | (376) | (708) | (420) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 532 | 768 | 609 | 549 | 490 | 602 | 576 | 541 |
| Revenue growth (YoY) | +8.7% | +27.6% | +5.7% | +1.5% | +0.8% | - | - | - |
| Other income | 33.30 | 34.99 | 29.53 | 34.59 | 24.35 | 27.22 | 43.69 | 22.37 |
| EBITDA | 115 | 168 | 142 | 130 | 114 | 186 | 117 | 106 |
| EBITDA margin | +21.5% | +21.9% | +23.4% | +23.6% | +23.3% | +30.8% | +20.4% | +19.6% |
| Depreciation | 16.57 | 16.50 | 16.95 | 17.06 | 15.49 | 16.79 | 15.98 | 14.94 |
| Interest | 0.83 | 0.90 | 0.72 | 0.76 | 1.42 | 1.29 | 1.04 | 2.42 |
| Profit before tax | 131 | 186 | 154 | 146 | 122 | 195 | 144 | 111 |
| Tax | 32.78 | 46.40 | 38.95 | 37.28 | 30.70 | 53.42 | 34.62 | 28.78 |
| Net profit | 97.78 | 139 | 115 | 109 | 90.89 | 141 | 109 | 82.50 |
| EPS (₹) | 1.81 | 2.70 | 2.12 | 2.04 | 1.67 | 2.76 | 2.08 | 1.52 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,276 | 2,074 | 2,312 | 2,520 | 2,575 | 1,843 | 2,401 |
| Revenue growth | +9.7% | -10.3% | -8.2% | -2.2% | +39.7% | -23.2% | - |
| EBITDA | 434 | 410 | 526 | 655 | 652 | 506 | 602 |
| EBITDA margin | +19.1% | +19.8% | +22.8% | +26.0% | +25.3% | +27.4% | +25.1% |
| Profit before tax | 523 | 499 | 597 | 709 | 675 | 562 | 823 |
| Net profit | 401 | 380 | 454 | 530 | 496 | 421 | 595 |
| Net profit margin | +17.6% | +18.3% | +19.6% | +21.0% | +19.2% | +22.9% | +24.8% |
| EPS (₹) | 8.34 | 7.91 | 18.90 | 22.08 | 20.69 | 17.66 | 23.86 |
| Balance sheet | |||||||
| Total assets | 3,033 | 2,717 | 2,712 | 2,803 | 2,599 | 2,557 | 2,859 |
| Net worth | 2,564 | 2,533 | 2,507 | 2,503 | 2,399 | 2,322 | 2,577 |
| Total debt | 6.59 | 9.03 | 8.00 | 5.42 | 2.94 | 4.17 | 7.21 |
| Cash & bank | 2,854 | 3,296 | 3,061 | 3,397 | 3,266 | 3,319 | 3,601 |
| Net working capital | 1,682 | 1,581 | 1,674 | 1,745 | 1,489 | 1,562 | 1,973 |
| Cash flow | |||||||
| Cash from operations | 236 | 558 | 315 | 471 | 291 | 468 | 267 |
| Cash from investing | 32.25 | (183) | (221) | 183 | 78.81 | 210 | 89.29 |
| Cash from financing | (383) | (363) | (461) | (438) | (362) | (692) | (399) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 498 | 737 | 569 | 514 | 456 | 574 | 545 | 510 |
| Revenue growth (YoY) | +9.3% | +28.5% | +4.5% | +0.7% | +0.4% | - | - | - |
| Other income | 26.76 | 48.73 | 33.92 | 47.31 | 20.18 | 36.04 | 47.24 | 43.21 |
| Total expenses | 413 | 594 | 462 | 414 | 372 | 412 | 454 | 430 |
| EBITDA | 85.46 | 143 | 107 | 100 | 84.19 | 162 | 90.17 | 79.92 |
| EBITDA margin | +17.2% | +19.4% | +18.7% | +19.5% | +18.5% | +28.2% | +16.6% | +15.7% |
| Depreciation | 14.26 | 14.24 | 14.62 | 14.74 | 13.20 | 14.53 | 13.66 | 12.63 |
| Interest | 0.83 | 0.90 | 0.72 | 0.76 | 1.42 | 1.29 | 0.88 | 2.42 |
| Profit before tax | 97.13 | 176 | 125 | 132 | 89.75 | 182 | 123 | 108 |
| Tax | 25.33 | 40.06 | 29.77 | 29.63 | 23.10 | 47.42 | 27.88 | 22.12 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 532 | 768 | 609 | 549 | 490 | 602 | 576 | 541 |
| Revenue growth (YoY) | +8.7% | +27.6% | +5.7% | +1.5% | +0.8% | - | - | - |
| Other income | 33.30 | 34.99 | 29.53 | 34.59 | 24.35 | 27.22 | 43.69 | 22.37 |
| EBITDA | 115 | 168 | 142 | 130 | 114 | 186 | 117 | 106 |
| EBITDA margin | +21.5% | +21.9% | +23.4% | +23.6% | +23.3% | +30.8% | +20.4% | +19.6% |
| Depreciation | 16.57 | 16.50 | 16.95 | 17.06 | 15.49 | 16.79 | 15.98 | 14.94 |
| Interest | 0.83 | 0.90 | 0.72 | 0.76 | 1.42 | 1.29 | 1.04 | 2.42 |
| Profit before tax | 131 | 186 | 154 | 146 | 122 | 195 | 144 | 111 |
| Tax | 32.78 | 46.40 | 38.95 | 37.28 | 30.70 | 53.42 | 34.62 | 28.78 |
| Net profit | 97.78 | 139 | 115 | 109 | 90.89 | 141 | 109 | 82.50 |
| EPS (₹) | 1.81 | 2.70 | 2.12 | 2.04 | 1.67 | 2.76 | 2.08 | 1.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,415 | 2,196 | 2,453 | 2,628 | 2,662 | 1,905 | 2,474 |
| Revenue growth | +10.0% | -10.5% | -6.7% | -1.3% | +39.7% | -23.0% | - |
| Other income | 123 | 118 | 91.59 | 103 | 84.17 | 101 | 268 |
| Total expenses | 1,832 | 1,653 | 1,792 | 1,869 | 1,933 | 1,353 | 1,811 |
| Employee cost | 522 | 503 | 492 | 508 | 517 | 483 | 521 |
| EBITDA | 583 | 543 | 661 | 759 | 729 | 552 | 663 |
| EBITDA margin | +24.2% | +24.7% | +26.9% | +28.9% | +27.4% | +29.0% | +26.8% |
| Depreciation | 66.00 | 62.12 | 60.66 | 66.69 | 65.61 | 51.87 | 47.27 |
| Interest | 32.92 | 33.82 | 21.43 | 21.23 | 12.74 | 8.85 | 9.58 |
| Profit before tax | 608 | 565 | 670 | 774 | 735 | 593 | 874 |
| Tax | 153 | 141 | 175 | 203 | 197 | 148 | 241 |
| Net profit | 410 | 385 | 455 | 541 | 515 | 429 | 615 |
| Net profit margin | +17.0% | +17.5% | +18.6% | +20.6% | +19.3% | +22.5% | +24.9% |
| EPS (₹) | 8.54 | 8.01 | 18.95 | 22.56 | 21.49 | 17.99 | 24.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 481 | 481 | 240 | 240 | 240 | 240 | 250 |
| Reserves & surplus | 2,201 | 2,160 | 2,369 | 2,363 | 2,248 | 2,152 | 2,383 |
| Shareholders' funds (net worth) | 2,681 | 2,640 | 2,609 | 2,604 | 2,489 | 2,392 | 2,633 |
| Minority interest | 113 | 109 | 112 | 115 | 106 | 88.16 | 81.48 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 24.65 | 32.31 | 40.26 |
| Unsecured loans | 6.59 | 9.03 | 8.00 | 5.42 | 2.94 | 4.24 | 7.21 |
| Total debt | 6.59 | 9.03 | 8.00 | 5.42 | 27.59 | 36.55 | 47.47 |
| Total liabilities | 3,263 | 2,933 | 2,926 | 3,019 | 2,819 | 2,748 | 3,020 |
| Assets | |||||||
| Gross block | 1,398 | 1,354 | 952 | 919 | 862 | 824 | 783 |
| Net block | 867 | 884 | 535 | 552 | 560 | 584 | 590 |
| Capital work in progress | 88.96 | 47.89 | 174 | 101 | 58.11 | 15.49 | 4.45 |
| Investments | 104 | 117 | 109 | 130 | 205 | 289 | 261 |
| Inventories | 38.53 | 79.69 | 7.70 | 49.14 | 139 | 290 | 10.67 |
| Sundry debtors | 931 | 740 | 900 | 907 | 740 | 584 | 844 |
| Cash & bank balances | 2,946 | 3,375 | 3,141 | 3,449 | 3,299 | 3,357 | 3,631 |
| Loans & advances | 547 | 674 | 465 | 421 | 428 | 471 | 409 |
| Total current assets | 4,463 | 4,868 | 4,514 | 4,825 | 4,606 | 4,702 | 4,894 |
| Total current liabilities | 2,667 | 3,188 | 2,738 | 2,971 | 3,023 | 3,089 | 2,883 |
| Net working capital | 1,796 | 1,680 | 1,776 | 1,854 | 1,582 | 1,614 | 2,011 |
| Total assets | 3,263 | 2,933 | 2,926 | 3,019 | 2,819 | 2,748 | 3,020 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 688 | 661 | 1,048 | 809 | 813 | 117 | 169 |
| Net cash from operating activities | 327 | 637 | 432 | 560 | 310 | 516 | 319 |
| Net cash from investing activities | (35.07) | (205) | (315) | 163 | 61.82 | 194 | 48.57 |
| Net cash from financing activities | (424) | (405) | (504) | (483) | (376) | (708) | (420) |
| Net change in cash | (131) | 27.24 | (387) | 239 | (4.72) | 1.84 | (52.06) |
| Closing cash | 2,946 | 3,375 | 3,141 | 3,449 | 3,299 | 3,357 | 3,631 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.0% | -10.5% | -6.7% | -1.3% | +39.7% | -23.0% | - |
| EBITDA growth | +7.4% | -17.8% | -12.9% | +4.1% | +32.0% | -16.7% | - |
| PBT growth | +7.6% | -15.7% | -13.4% | +5.3% | +24.1% | -32.2% | +19.8% |
| Net income growth | +6.6% | -15.5% | -15.9% | +5.2% | +20.0% | -30.2% | - |
| Revenue CAGR (3Y) | -2.8% | -6.2% | +8.8% | +2.0% | +9.1% | +8.4% | +22.3% |
| EBITDA CAGR (3Y) | -8.4% | -9.4% | +6.2% | +4.6% | +8.0% | +9.0% | +24.2% |
| Profitability & leverage | |||||||
| Net income margin | +18.8% | +19.3% | +20.2% | +21.7% | +20.2% | +23.3% | +25.6% |
| Return on capital employed | +21.5% | +21.2% | +24.2% | +28.3% | +27.8% | +21.5% | +31.6% |
| Return on net worth | +17.1% | +16.1% | +19.0% | +22.4% | +22.1% | +17.7% | +25.1% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 |
| Interest cover | 6.36 | 7.03 | 3.57 | 3.07 | 1.92 | 1.77 | 1.55 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.76 | 1.90 | 2.62 | 2.95 | 3.16 | 2.37 | 3.51 |
| Inventory turnover | 40.86 | 50.27 | 86.31 | 27.98 | 12.43 | 12.69 | 42.81 |
| Debtors turnover | 2.89 | 2.68 | 2.72 | 3.19 | 4.02 | 2.67 | 3.41 |
| EPS (₹) | 8.54 | 8.01 | 18.95 | 22.56 | 21.49 | 17.99 | 24.64 |
| Dividend per share (₹) | 7.95 | 7.55 | 18.00 | 20.50 | 17.00 | 13.00 | 16.00 |
| Book value per share (₹) | 55.79 | 54.93 | 108.57 | 108.36 | 103.56 | 99.54 | 105.33 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 498 | 737 | 569 | 514 | 456 | 574 | 545 | 510 |
| Revenue growth (YoY) | +9.3% | +28.5% | +4.5% | +0.7% | +0.4% | - | - | - |
| Other income | 26.76 | 48.73 | 33.92 | 47.31 | 20.18 | 36.04 | 47.24 | 43.21 |
| Total expenses | 413 | 594 | 462 | 414 | 372 | 412 | 454 | 430 |
| EBITDA | 85.46 | 143 | 107 | 100 | 84.19 | 162 | 90.17 | 79.92 |
| EBITDA margin | +17.2% | +19.4% | +18.7% | +19.5% | +18.5% | +28.2% | +16.6% | +15.7% |
| Depreciation | 14.26 | 14.24 | 14.62 | 14.74 | 13.20 | 14.53 | 13.66 | 12.63 |
| Interest | 0.83 | 0.90 | 0.72 | 0.76 | 1.42 | 1.29 | 0.88 | 2.42 |
| Profit before tax | 97.13 | 176 | 125 | 132 | 89.75 | 182 | 123 | 108 |
| Tax | 25.33 | 40.06 | 29.77 | 29.63 | 23.10 | 47.42 | 27.88 | 22.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,276 | 2,074 | 2,312 | 2,520 | 2,575 | 1,843 | 2,401 |
| Revenue growth | +9.7% | -10.3% | -8.2% | -2.2% | +39.7% | -23.2% | - |
| Other income | 150 | 148 | 127 | 119 | 86.00 | 104 | 264 |
| Total expenses | 1,842 | 1,664 | 1,786 | 1,864 | 1,923 | 1,338 | 1,798 |
| Employee cost | 521 | 502 | 491 | 508 | 516 | 481 | 517 |
| EBITDA | 434 | 410 | 526 | 655 | 652 | 506 | 602 |
| EBITDA margin | +19.1% | +19.8% | +22.8% | +26.0% | +25.3% | +27.4% | +25.1% |
| Depreciation | 56.80 | 52.94 | 51.43 | 59.38 | 58.47 | 44.81 | 40.93 |
| Interest | 3.80 | 5.64 | 4.70 | 6.62 | 4.96 | 2.84 | 3.04 |
| Profit before tax | 523 | 499 | 597 | 709 | 675 | 562 | 823 |
| Tax | 123 | 119 | 143 | 178 | 177 | 138 | 226 |
| Net profit | 401 | 380 | 454 | 530 | 496 | 421 | 595 |
| Net profit margin | +17.6% | +18.3% | +19.6% | +21.0% | +19.2% | +22.9% | +24.8% |
| EPS (₹) | 8.34 | 7.91 | 18.90 | 22.08 | 20.69 | 17.66 | 23.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 481 | 481 | 240 | 240 | 240 | 240 | 250 |
| Reserves & surplus | 2,084 | 2,053 | 2,267 | 2,263 | 2,159 | 2,082 | 2,327 |
| Shareholders' funds (net worth) | 2,564 | 2,533 | 2,507 | 2,503 | 2,399 | 2,322 | 2,577 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 6.59 | 9.03 | 8.00 | 5.42 | 2.94 | 4.17 | 7.21 |
| Total debt | 6.59 | 9.03 | 8.00 | 5.42 | 2.94 | 4.17 | 7.21 |
| Total liabilities | 3,033 | 2,717 | 2,712 | 2,803 | 2,599 | 2,557 | 2,859 |
| Assets | |||||||
| Gross block | 1,178 | 1,135 | 733 | 709 | 653 | 618 | 577 |
| Net block | 724 | 733 | 374 | 392 | 393 | 413 | 412 |
| Capital work in progress | 88.96 | 47.89 | 174 | 94.80 | 58.01 | 15.48 | 4.45 |
| Investments | 108 | 128 | 128 | 153 | 229 | 314 | 292 |
| Inventories | 38.53 | 79.69 | 7.70 | 49.14 | 139 | 290 | 10.67 |
| Sundry debtors | 923 | 730 | 881 | 869 | 681 | 568 | 822 |
| Cash & bank balances | 2,854 | 3,296 | 3,061 | 3,397 | 3,266 | 3,319 | 3,601 |
| Loans & advances | 526 | 659 | 453 | 398 | 420 | 462 | 428 |
| Total current assets | 4,341 | 4,763 | 4,402 | 4,713 | 4,507 | 4,639 | 4,861 |
| Total current liabilities | 2,659 | 3,182 | 2,728 | 2,968 | 3,018 | 3,077 | 2,888 |
| Net working capital | 1,682 | 1,581 | 1,674 | 1,745 | 1,489 | 1,562 | 1,973 |
| Total assets | 3,033 | 2,717 | 2,712 | 2,803 | 2,599 | 2,557 | 2,859 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 664 | 651 | 1,018 | 802 | 794 | 113 | 156 |
| Net cash from operating activities | 236 | 558 | 315 | 471 | 291 | 468 | 267 |
| Net cash from investing activities | 32.25 | (183) | (221) | 183 | 78.81 | 210 | 89.29 |
| Net cash from financing activities | (383) | (363) | (461) | (438) | (362) | (692) | (399) |
| Net change in cash | (115) | 12.70 | (367) | 216 | 8.31 | (13.89) | (43.06) |
| Closing cash | 2,854 | 3,296 | 3,061 | 3,397 | 3,266 | 3,319 | 3,601 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.7% | -10.3% | -8.2% | -2.2% | +39.7% | -23.2% | - |
| EBITDA growth | +5.8% | -22.1% | -19.7% | +0.5% | +29.0% | -16.0% | - |
| PBT growth | +4.8% | -16.4% | -15.8% | +5.0% | +20.0% | -31.6% | +21.6% |
| Net income growth | +5.4% | -16.3% | -14.3% | +6.9% | +17.6% | -29.2% | - |
| Revenue CAGR (3Y) | -3.3% | -7.0% | +7.9% | +1.6% | +9.4% | +8.7% | +22.7% |
| EBITDA CAGR (3Y) | -12.9% | -14.3% | +1.3% | +2.9% | +8.0% | +11.3% | +24.1% |
| Profitability & leverage | |||||||
| Net income margin | +17.6% | +18.3% | +19.6% | +21.1% | +19.3% | +23.0% | +24.8% |
| Return on capital employed | +18.3% | +18.6% | +21.8% | +26.5% | +26.4% | +20.9% | +30.4% |
| Return on net worth | +15.7% | +15.1% | +18.1% | +21.6% | +21.1% | +17.3% | +24.1% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.01 | 1.58 | 0.99 | 1.11 | 0.84 | 0.62 | 0.54 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.97 | 2.22 | 3.21 | 3.70 | 4.05 | 3.09 | 4.61 |
| Inventory turnover | 38.50 | 47.47 | 81.35 | 26.82 | 12.02 | 12.28 | 41.53 |
| Debtors turnover | 2.75 | 2.58 | 2.64 | 3.25 | 4.12 | 2.65 | 3.41 |
| EPS (₹) | 8.34 | 7.91 | 18.90 | 22.08 | 20.69 | 17.66 | 23.86 |
| Dividend per share (₹) | 7.95 | 7.55 | 18.00 | 20.50 | 17.00 | 13.00 | 16.00 |
| Book value per share (₹) | 53.36 | 52.71 | 104.32 | 104.16 | 99.84 | 96.63 | 103.06 |
To see the full year-wise statements and ratios of Rites Limited, buy the company report.
Board of directors of Rites Limited
Rites has 8 current directors and 58 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Mithal Also directs: Remc Limited | Managing Director | 07 Oct 2021 | 5 Years 0 Months | Current |
| Dineshananda Goswami | Director | 07 Jul 2025 | 1 Years 3 Months | Current |
| Deepak Tripathi Also directs: Elicius Energy Private Limited | Whole-Time Director | 27 Mar 2023 | 3 Years 6 Months | Current |
| Jayant Kumar | Additional Director | 17 Oct 2025 | 1 Years 0 Months | Current |
| Rajbir Sharma | Director | 14 May 2025 | 1 Years 5 Months | Current |
| Krishna Gopal Agarwal | Whole-Time Director | 01 Aug 2023 | 3 Years 2 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Rites Limited is audited by PAWAN PURI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAWAN PURI & ASSOCIATES | FY 2023 | 005950N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 72.20%, foreign institutional investors hold 3.40%, domestic institutional investors hold 8.80% and retail and other public shareholders hold 15.60%.
Sep 2026
QUARTER
72.20% Promoters
8.80% DII (Domestic Institutional)
3.40% FII (Foreign Institutional)
15.60% Retail & Others
Promoter holding - history
Now 72.20% · Sep 2026High 72.20% · Dec 2025Low 72.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 72.20% | 72.20% | 72.20% | 72.20% |
| Public | 27.80% | 27.80% | 27.80% | 27.80% |
Charges & borrowings
Open charges
None
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 1989 | 80000311 | Sbi | ₹- | Satisfied |
To see the full charge records of Rites Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Rites Limited has 17 deals on record (15 market trades, 1 buyback, 1 ipo); the latest was in July 2026.
Total deals
17
Market trades
15
Buyback
1
IPO
1
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹377.81 Cr | Buyer: Microcurves Trading Private Limited , Qe Securities LLP , NK Securities Research Private Limited Seller: Microcurves Trading Private Limited , Qe Securities LLP , NK Securities Research Private Limited |
| Jul 2026 | Market trade | ₹331.68 Cr | Buyer: Qe Securities LLP , NK Securities Research Private Limited , Microcurves Trading Private Limited Seller: Qe Securities LLP , NK Securities Research Private Limited , Microcurves Trading Private Limited |
| Sep 2025 | Market trade | ₹103.31 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2024 | Market trade | ₹151.88 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2024 | Market trade | ₹80.73 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Rites Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rites Limited has 800 court cases on record: 239 filed by Rites, 561 filed against it. 145 cases are pending and 655 are disposed.
Total cases
800
Filed by the company
239
Filed against the company
561
Pending
145
Disposed
655
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 518 | 368 | 62 |
| District courts | 258 | 181 | 77 |
| Supreme Court | 23 | 11 | 6 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 800)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patna, Bihar | Court case (Mislaneous) | Filed against the company by Ms. Phooltas Transrail Ltd. Through Sri Kant Tiwary | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed against the company by TSR Nirmaan Pvt Ltd | Pending |
| High Court of Chhattisgarh | Court case (WP227) | Filed by the company against National Thermal Power Corporation Ltd (NTPC) and 1 other | Pending |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed by the company against National Thermal Power Corporation Ltd and 1 other | Pending |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed by the company against Isc Projects Private Limited and 3 others | Pending |
To see the full case history of Rites Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Rites Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Blue Ocean Distributors Private Limited | |||
| M/S Horizon Computers | |||
| Stan India Private Limited | |||
| Skylark Designer & Engineers Private Limited |
To see the full MSME payment records of Rites Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rites has 1 subsidiary company, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
2
Joint ventures
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Remc Limited | U93000DL2013GOI256661 |
To see the full group structure of Rites Limited, buy the company report.
Employees & EPFO
Rites Limited has a workforce of 1,367 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
1,367
Active EPFO establishments
1
Employee growth
-37.18%
GST
Rites has 50 GST registrations: 45 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
50
Active
45
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACR0830Q1Z8 | Delhi | Active | 01 Jul 2017 |
| 07AAACR0830Q1DH | Delhi | Active | 12 Oct 2018 |
| 03AAACR0830Q1ZG | Punjab | Active | 01 Jul 2017 |
| 06AAACR0830Q1ZA | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rites Limited, buy the company report.
Recent activity
Rites Limited has 115 board changes on record since 1993: 63 appointments and 52 cessations. The latest: Atul Singh was appointed as Additional Director on 29 May 2026.
Appointed
Atul Singh was appointed as Additional Director.
Appointed
Prem Singh Meena was appointed as Additional Director.
Appointed
Jayant Kumar was appointed as Additional Director.
AGM
Rites Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Ceased
Sandeep Jain ceased to be Nominee Director.
Appointed
Purnima Kerketta was appointed as Director.
Appointed
Dineshananda Goswami was appointed as Director.
Appointed
Rajbir Sharma was appointed as Director.
Ceased
Arun Kumar Singh ceased to be Whole-Time Director.
Appointed
Likha Togu was appointed as Director.
Filing
Rites Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Ceased
Godawari Mishra ceased to be Director.
108 earlier events are in the company report.
News
RITES: Company Starts Steps to Shut Down Botswana Subsidiary RITES (Afrika) Due to Limited Business Prospects.
Rites Ltd: Signs Agreement With NHIDCL To Enhance Highway And Infrastructure Projects While Offering Consultancy And Technical Support Services For Planning, Development, And Maintenance.
RITES: Company Secures Contract Valued At ₹155 Crore
Frequently asked questions
Rites is an active public limited union government company based in Delhi, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 26 April 1974 (52+ years old) and is registered under CIN L74899DL1974GOI007227. Listed on BSE: 541556 and NSE: RITES.
Rites reported revenue of ₹2,415.08 Cr for FY 2025-26 (up 10% YoY) based on consolidated financials.
Rites has 8 current directors:
- Rahul Mithal - Managing Director
- Deepak Tripathi - Whole-Time Director
- Krishna Gopal Agarwal - Whole-Time Director
- Dineshananda Goswami - Director
- Jayant Kumar - Additional Director
- Rajbir Sharma - Director
- Atul Singh - Additional Director
- Prem Singh Meena - Additional Director
The latest financial statements of Rites on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rites is 07AAACR0830Q1Z8, registered in Delhi. The company has 50 GST registrations in all, of which 45 are active and 5 are cancelled or inactive. Other active GSTINs include 07AAACR0830Q1DH (Delhi), 03AAACR0830Q1ZG (Punjab), 06AAACR0830Q1ZA (Haryana).
The CIN (Corporate Identification Number) of Rites is L74899DL1974GOI007227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Rites is listed on both BSE (code: 541556) and NSE (symbol: RITES).
Rites has 800 court cases on record: 239 filed by the company and 561 filed against it. 145 are pending. Most are in the high courts.
Rites was incorporated on 26 April 1974, making it 52+ years old. It is registered with the Registrar of Companies, Delhi.
Rites has 17 deals on record (15 market trades, 1 buyback, 1 ipo); the latest was in July 2026.
Atul Singh was appointed as Additional Director on 29 May 2026. Prem Singh Meena was appointed as Additional Director on 19 Mar 2026. Jayant Kumar was appointed as Additional Director on 17 Oct 2025. Rites has 115 board changes on record in total.