Navratna Railway PSU RITES share price today slipped 0.97% on Bombay Stock Exchange to settle at Rs 239.15 per share. The company informed today after market hours that it has received a work order worth Rs 28.00 crore from Mahanadi Coalfields Limited (MCL). The shares will likely react to the latest development. The PSU has a market cap of Rs 11,493.64 crore. The stock’s return on equity stood at 14.87%. It is worth mentioning that RITES stock price surged 10.92% in last 2-weeks after witnessing correction of 19.00% year-to-date. Life Insurance Corporation of India (LIC) stake stood at 5.52% for March 2025 quarter which declined from December 2024 stake of 5.89%. Check more details below:
RITES Bags Order From Mahanadi Coalfields Limited
The company today informed via its exchange filing, “We are pleased to inform you that RITES has received Work Order from Mahanadi Coalfields Limited (MCL) for Detailed Engineering & Project Management Consultancy services for the work of “Rail Connectivity for proposed phase-II SILO at Lakhanpur Area of MCL”. The order needs to be executed in 24 months.
Earlier on March 29, 2025, RITES received Letter of Award from Oil India Limited for “Construction of Workmen Housing Complex (BQ Area) at OIL, Duliajan on Turnkey Basis under Depository Works Mode”.” The order was worth Rs. 157.25 Crore excluding GST.
Rites Ltd Dividend History
The company recommended a total of 25 dividends since 2018. In last 1-year, Rites announced an equity dividend amounting to Rs 11.15 per share. At the current share price of Rs 239.15 apiece, the PSU offers a dividend yield of 4.66%. Adjusting for Bonus/Splits the dividend yield stood at 3.09%, according to Trendlyne.
RITES Shares Performance
The 52-week high price of Navratna RITES stood at Rs 398.50 per share (as on 08/07/2024) and 52-week low price is Rs 192.30 per share (as on 03/03/2025), respectively. RITES shares slipped over 29% in last 1-year, gained 36.70% in last 2-years, and surged 75.03% in last 3-years.
RITES Financials Compared With Peer Group
The Navratna PSU declared its profit after tax or PAT of Rs 94.99 crore for December 2024 quarter. In comparison, LT declared its PAT at Rs 2419.38 crore, JPASSOCIAT announced a PAT of Rs -717.02 crore, and PSPPROJECT’s PAT announced at Rs 6.08 crore.
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