RITES Limited
RITES Limited, together with its subsidiaries, operates as an engineering consultancy company in the field of railways, highways, airports, ports, ropeways, urban transport, and inland waterways. The company operates through five segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and Spares; Turnkey Construction Projects; and Power G… Read more
RITES Limited (RITES) - Net Assets
Latest net assets as of September 2025: ₹27.46 Billion INR
Based on the latest financial reports, RITES Limited (RITES) has net assets worth ₹27.46 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹60.65 Billion) and total liabilities (₹33.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹27.46 Billion |
| % of Total Assets | 45.29% |
| Annual Growth Rate | 6.89% |
| 5-Year Change | 10.85% |
| 10-Year Change | 43.92% |
| Growth Volatility | 7.05 |
RITES Limited - Net Assets Trend (2013–2025)
This chart illustrates how RITES Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RITES Limited (2013–2025)
The table below shows the annual net assets of RITES Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹27.49 Billion | +1.04% |
| 2024-03-31 | ₹27.21 Billion | +0.07% |
| 2023-03-31 | ₹27.19 Billion | +4.80% |
| 2022-03-31 | ₹25.95 Billion | +4.62% |
| 2021-03-31 | ₹24.80 Billion | -8.64% |
| 2020-03-31 | ₹27.15 Billion | +8.86% |
| 2019-03-31 | ₹24.94 Billion | +10.20% |
| 2018-03-31 | ₹22.63 Billion | +8.49% |
| 2017-03-31 | ₹20.86 Billion | +9.20% |
| 2016-03-31 | ₹19.10 Billion | +12.98% |
| 2015-03-31 | ₹16.91 Billion | +18.22% |
| 2014-03-31 | ₹14.30 Billion | +15.68% |
| 2013-03-31 | ₹12.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to RITES Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 660530000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.61 Billion | 25.02% |
| Common Stock | ₹4.81 Billion | 18.20% |
| Other Comprehensive Income | ₹14.99 Billion | 56.78% |
| Total Equity | ₹26.40 Billion | 100.00% |
RITES Limited Competitors by Market Cap
The table below lists competitors of RITES Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Firm Capital Mortgage Investment Corporation
PINK:FCMGF
|
$296.07 Million |
|
HEG Limited
NSE:HEG
|
$296.20 Million |
|
Medprin Regenerative Medical Technologies Co. Ltd.
SHE:301033
|
$296.25 Million |
|
Delcath Systems Inc
NASDAQ:DCTH
|
$296.30 Million |
|
Guangdong Delian Group Co Ltd
SHE:002666
|
$295.99 Million |
|
Shenzhen Fluence Technology PLC
SHE:300647
|
$295.97 Million |
|
Tianjin Tianbao Infrastructure Co Ltd
SHE:000965
|
$295.96 Million |
|
Newron Pharmaceuticals S.p.A.
LSE:0QOI
|
$295.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RITES Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,090,100,000 to 26,401,500,000, a change of 311,400,000 (1.2%).
- Net income of 3,848,000,000 contributed positively to equity growth.
- Dividend payments of 3,556,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,248,700,000.
- Other factors increased equity by 1,268,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹3.85 Billion | +14.57% |
| Dividends Paid | ₹3.56 Billion | -13.47% |
| Other Comprehensive Income | ₹-1.25 Billion | -4.73% |
| Other Changes | ₹1.27 Billion | +4.81% |
| Total Change | ₹- | 1.19% |
Book Value vs Market Value Analysis
This analysis compares RITES Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.88x to 3.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹49.43 | ₹191.69 | x |
| 2014-03-31 | ₹28.50 | ₹191.69 | x |
| 2015-03-31 | ₹33.52 | ₹191.69 | x |
| 2016-03-31 | ₹37.69 | ₹191.69 | x |
| 2017-03-31 | ₹40.82 | ₹191.69 | x |
| 2018-03-31 | ₹44.12 | ₹191.69 | x |
| 2019-03-31 | ₹48.44 | ₹191.69 | x |
| 2020-03-31 | ₹52.67 | ₹191.69 | x |
| 2021-03-31 | ₹48.53 | ₹191.69 | x |
| 2022-03-31 | ₹51.78 | ₹191.69 | x |
| 2023-03-31 | ₹54.18 | ₹191.69 | x |
| 2024-03-31 | ₹54.29 | ₹191.69 | x |
| 2025-03-31 | ₹54.93 | ₹191.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RITES Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.35%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.32x
- Recent ROE (14.57%) is below the historical average (18.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.86% | 24.39% | 0.29x | 2.66x | ₹1.10 Billion |
| 2014 | 18.29% | 23.76% | 0.30x | 2.55x | ₹1.18 Billion |
| 2015 | 18.62% | 30.44% | 0.28x | 2.15x | ₹1.44 Billion |
| 2016 | 14.91% | 25.76% | 0.25x | 2.35x | ₹925.17 Million |
| 2017 | 17.28% | 25.83% | 0.28x | 2.35x | ₹1.49 Billion |
| 2018 | 15.79% | 23.12% | 0.29x | 2.34x | ₹1.28 Billion |
| 2019 | 19.38% | 22.84% | 0.38x | 2.24x | ₹2.27 Billion |
| 2020 | 23.40% | 24.81% | 0.42x | 2.24x | ₹3.53 Billion |
| 2021 | 18.08% | 22.69% | 0.33x | 2.44x | ₹1.93 Billion |
| 2022 | 20.75% | 19.40% | 0.46x | 2.34x | ₹2.68 Billion |
| 2023 | 20.82% | 20.62% | 0.44x | 2.29x | ₹2.82 Billion |
| 2024 | 17.45% | 18.57% | 0.43x | 2.17x | ₹1.94 Billion |
| 2025 | 14.57% | 17.35% | 0.36x | 2.32x | ₹1.21 Billion |
Industry Comparison
This section compares RITES Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $12,268,288,557
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RITES Limited (RITES) | ₹27.46 Billion | 18.86% | 1.21x | $295.99 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.77 Billion | 6.75% | 0.79x | $18.39 Million |
| ABINFRA (ABINFRA) | $815.46 Million | 14.00% | 0.92x | $1.98K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $518.63 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $17.98 Billion | 11.24% | 1.06x | $202.86 Million |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $24.25 Billion | 20.75% | 6.89x | $166.24 Million |
| Atal Realtech Limited (ATALREAL) | $377.12 Million | 5.69% | 0.53x | $2.54K |
| AXISCADES Technologies Limited (AXISCADES) | $3.44 Billion | -1.52% | 1.63x | $262.35 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $119.54 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $5.24 Billion | 5.25% | 1.89x | $42.74 Million |