Rites

Rites

Engineering & Construction · RITES
Mid CapIndustrialsMature Stable
Rahul Mithal
Rahul Mithal
Chairman & Managing Director · Transactional
Company DNA
Pace — Speed of executionPaceInnovation — Disruption appetiteInnovCulture — Organizational valuesCultrEfficiency — Operational focusEfficPurpose — Profit vs mission balancePurpsBrand — Market perceptionBrand
Bureaucratic
About
Rites is a Mid Cap company in the Industrials sector, listed on NSE as RITES. With a market cap of ₹10K Cr and revenue of ₹2K Cr, it is currently in the Mature Stable phase. Known for its Bureaucratic culture and Traditionalist approach to innovation, the company operates at a Steady-Marathon pace. Government of India undertaking with strict adherence to public sector governance, formal reporting, and compliance-heavy workflows. Its strategic mandate: As a government-linked entity, long-term stability hinges on stringent project execution and rigorous risk management within the infrastructure sector.
FAQ
What kind of company is Rites?
Rites is a Mid Cap Industrials company (RITES) in the Mature Stable phase with a market cap of ₹10K Cr. It is classified as Bureaucratic in culture.
What is Rites's culture and work environment like?
Rites has a Bureaucratic culture with Traditionalist innovation DNA and a Steady-Marathon pace of execution. Employee brand: Steady Employer. Customer relationship style: B2G-Institutional. Government of India undertaking with strict adherence to public sector governance, formal reporting, and compliance-heavy workflows.
Who leads Rites?
Rites is led by Rahul Mithal (Chairman & Managing Director), a Transactional leader with 33 years of experience.
What are Rites's financials?
Rites reported revenue of ₹2K Cr in FY25 with a 5-year revenue CAGR of -6%. Operating margin: 20%. Market cap: ₹10K Cr.

Culture & Strategy

CultureBureaucratic
InnovationTraditionalist
PaceSteady-Marathon
PurposePurpose-Blended
CustomerB2G-Institutional
EmployeeSteady Employer
BrandTrusted
LifecycleMature Stable
Government of India undertaking with strict adherence to public sector governance, formal reporting, and compliance-heavy workflows.
Mandate
As a government-linked entity, long-term stability hinges on stringent project execution and rigorous risk management within the infrastructure sector.

Financials

Revenue FY25₹2K Cr
PAT FY25₹385 Cr
Rev CAGR 5Y-6%
OPM20%
NPM17.6%
ROE14.6%
ROCE14.9%
P/E22.9
Fwd P/E16.1
P/B3.6
D/E0.3
Mkt Cap₹10K Cr
Promoter72.2%
Institutional10.4%