RITES Ltd is an enterprise owned by Government of India, it was established in 1974, under the guidance of Indian Railways. RITES is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management.
RITES Ltd., an ISO 9001:2015 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies with a market cap of Rs 8018.75 Crore.
RITES is internationally recognized as a leading consultant with operational experience of over 55 countries in Asia, Africa, Latin America, South America and Middle East regions.
RITES Ltd. key Products/Revenue Segments include Consultancy Income which contributed Rs 760.36 Crore to Sales Value (38.61 % of Total Sales), Turnkey Project which contributed Rs 567.07 Crore to Sales Value (28.80 % of Total Sales), Sale of Products which contributed Rs 206.75 Crore to Sales Value (10.50 % of Total Sales) and Lease Rentals which contributed Rs 103.61 Crore to Sales Value (5.26 % of Total Sales) for the year ending 31-Mar-2019.
For the quarter ended 31-12-2019, the company has reported a consolidated sale of Rs 619.82 Crore, down -16.94 % from last quarter Sales of Rs 746.24 Crore and up 15.87 % from last year same quarter Sales of Rs 534.92 Crore Company has reported net profit after tax of Rs 147.03 Crore in latest quarter.
As on 31-12-2019, the company has a total of 250,000,000 shares outstanding.
The Board of Directors of the RITES, at the meeting held this week (Thursday, February 06, 2020), have declared an interim dividend at the rate of 40% of paid-up share capital (Rs. 4.00 per share).
RITES’s Corporate Office is at Gurgaon, India and Mr. Rajeev Mehrotra is the Chairman & Managing Director.
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