This Navratna PSU stock is a major company in India’s transportation consultancy and engineering sector, known for its expertise in engineering and project management services, jumped 4 percent after signing a Memorandum of Understanding (MoU) with DP World for Logistics Infrastructure Development.
Stock Price Movement:
With a market capitalization of Rs. 10,611.73 crores, the share of Rites Limited has reached an intraday high of Rs. 224.70 per equity share, rising nearly around 4.22 percent from its previous day’s close price of Rs. 215.60. Since then, the stock has retreated and is currently trading at Rs. 220.80 per equity share.
RITES Limited has signed a Memorandum of Understanding (MoU) with DP World to explore opportunities in developing trade, logistics, and infrastructure projects. The MoU focuses on areas like ports, logistics parks, free trade zones, and rail connectivity.
Recent Order:
On 29th March 2025, RITES Limited received a Letter of Award from Numaligarh Refinery Limited for the development of railway sidings at NRL Panchgram Terminal, Rangapani, and Duliajan. The turnkey project, valued at Rs. 155.50 crore (excluding GST), is to be completed within 24 months from site handover.
Order Book:
As of December 31, 2024, RITES Limited has an order book worth Rs. 7,978 crore. The largest portion comes from the turnkey segment, making up 44.8 percent, followed by consulting at 34.8 percent. Exports account for 16.5 percent, while the REMC Limited and Lease segments contribute 1.5 percent and 2.4 percent, respectively.
Recent Quarterly Results:
RITES Limited saw a decrease in revenue, which fell by 16.11 percent from Rs. 683 crore in Q3 FY24 to Rs. 576 crore in Q3 FY25. Likewise, the company’s net profit dropped by 15.50 percent, from Rs. 129 crore in Q3 FY24 to Rs. 109 crore in Q3 FY25.
Written By – Ashok Kumar