If you are considering which share will be beneficial today or in the future, then you should look at RITES Share Price Target. Today, in this article, I will share information regarding the forecasted share price using technical analysis and expert advice. Additionally, we will discuss the company’s performance, financial growth, shareholding pattern, business policy, and the predicted share price annually. We use expert data and analysis to give clear information about the RITES Share Price Target. This article is essential for both investors, whether you are a beginner or an experienced.

Let’s Have a look at RITES Share Price Target from 2024 to 2030.

What does the RITES Company do?

RITES Limited is a leading player in the transport and engineering sector and provides a vast range of products and services from concept to commissioning in all facets of transport infrastructure and related technologies. In other words, they have built many transportation projects, such as roads, railways, and airports. They are responsible for everything from planning to finishing the projects.

Overview of RITES Company

RITES, established in 1974, opened its IPO (Initial Public Offering) in 2018. The company’s objective is to provide products and services related to the railway sector, focusing mainly on the transport and engineering sectors.

Company Name	RITES
Established In	1974
Market Capitalization	₹16,235 Crore
Book Value	108.57
Face Value	10
P/B	6.22

Also Read – Bharat Electronics Share Price Target

Financial Analysis of RITES Company

Before investing in any share, we should look at company performance because it will help us determine the company’s overall profit, net sales, and total assets. In addition, we should be aware of the company’s PE ratio, Return on Equity, Current Ratio, and more. In the upcoming paragraph, we will discuss these points in detail. The ratio is crucial because the RITES Share Price Target depends on it.

1. RITES Revenue

2. RITES Profit and Loss Analysis

Data	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Profit	616	432	516	542	455
Net Cash Flow	-52.064	+1.84	-4.72	+239.45	-387.31
Total Assets	5,943	5,836	5,842	5,990	5,664
Total Liabilities	3,228	3,356	3,247	3,271	2,943

• Net Profit: Fluctuated, peaked in March 2023.
• Net Cash Flow: Volatile, negative outflow in March 2024.
• Total Assets: Stable, slight increase followed by decrease.
• Total Liabilities: Decreased, indicating improved financial health.

3. RITES Share Price Target Ratios

Metrics	Value
PE Ratio	36.60%
ROA (Return On Assets)	1.40%
PB Ratio (Price-To-Book)	5.98%
ROE (Return On Equity)	17.45%

PE Ratio (Price To Earning Ratio)

It shows how much money people are willing to pay for each rupee that a company earns.

• Formula – P/E Ratio = (Per share price / Per share earnings)

Return on Assets (ROA)

It means how efficiently a company is using its assets to generate profit.

• Formula – Current Ratio = Current Assets/Current Liabilities

PB Ratio (Price-to-Book Ratio)

It compares a company’s market value (share price) to its book value (net asset value).

• Formula – P/B Ratio = Market per Price Share​/Per Book value share

ROE (Return On Equity) 

It shows how well a company uses its owners’ money to make more profit.​​

• Formula – ROE = Company net income​/shareholder’s equity.

Historical Data of RITES Share

RITES Share is registered under the Ministry of Railways. It is a government-owned company that specializes in the field of transport infrastructure. RITES Share Price Target has fluctuated in the last few years. The share price in the previous 6 months diminished by -25.40 (3.61%). During the last 1 year, Share price growth was +211.35 (45.19%), and over the previous 5 years, when its IPO was open, its share price was ₹228.85. Today’s price is around ₹678.70, and its growth is +521.08 (330.38%) until now. This means the value of its shares could double soon. You might make a good profit if you buy shares now and hold them for a long time.

RITES Share Price Target 2024

Factors may make a share’s value impact

RITES Company has a diverse portfolio, which means they provide a wide range of services, including exports, consultancy, and crucial infrastructure-related projects. Additionally, RITES generated more revenue from domestic and international consultancy services, which clarifies the company’s expertise and diversified revenue sources. In 2023, RITES had a substantial order book of ₹5870 crore, indicating a solid base of projects and potential revenue streams​. It will be beneficial to invest in this share for the long term.

Month	Target
August 2024 target	₹678
September 2024 target	₹689
October 2024 target	₹674
November 2024 target	₹698
December 2024 target	₹702

Summary

• The price is expected to go up and down.
• There might be a drop in October.
• Overall, the price is expected to increase.

RITES Share Price Target 2025

Factors may make a share’s value impact

RITES wants to expand its market presence in other countries, such as Southeast Asia, Africa, and Latin America. This strategy will give them significant opportunities, and they can generate revenue compared to the year. RITES also builds a strong relationship with local government, agencies, and private sector entities to create long-term business partnerships and to enhance project delivery.

Month	Target
January 2025 target	₹725
February 2025 target	₹744
March 2025 target	₹758
April 2025 target	₹764
May 2025 target	₹774
June 2025 target	₹785
July 2025 target	₹795
August 2025 target	₹805
September 2025 target	₹812
October 2025 target	₹824
November 2025 target	₹834
December 2025 target	₹845

Summary

• The price is expected to go up steadily.
• There will be continued growth throughout the year.
• The stock price is expected to reach a higher level by the end of the year.

RITES Share Price Target 2027

Factors may make a share’s value impact

The Indian government supports RITES by making policy reforms such as PM Gati Shakti and the National Structure Pipeline to help increase the company’s growth and prepare the economy for sustainable long-term expansion. The company is doing well to capitalize on the increasing demand for numerous infrastructure projects. India is expected to become a $5 trillion economy by the Financial Year 2027.

Month	Target
January 2027 target	₹895
February 2027 target	₹905
March 2027 target	₹914
April 2027 target	₹912
May 2027 target	₹935
June 2027 target	₹944
July 2027 target	₹954
August 2027 target	₹965
September 2027 target	₹974
October 2027 target	₹985
November 2027 target	₹994
December 2027 target	₹1002

Summary

• The price will go up most of the year.
• There might be a small drop in April.
• The RITES Share Price Target will reach a higher level by the end of the year.

RITES Share Price Target 2030

Factors may make a share’s value impact

The company provides management services to increase the railway lines in India between Yeshwanthpur and Hosur to increase strength and efficiency. Apart from this, RITES has conducted a feasibility study and prepared a detailed project report for manufacturing railway siding for BPCL and HPCL in Chennai to improve various facilities, including logistics.

Month	Target
January 2030 target	₹3,125
February 2030 target	₹3,245
March 2030 target	₹3,345
April 2030 target	₹3,451
May 2030 target	₹3,514
June 2030 target	₹3,652
July 2030 target	₹3,741
August 2030 target	₹3,812
September 2030 target	₹3,914
October 2030 target	₹3,946
November 2030 target	₹3,972
December 2030 target	₹3,978

Summary

• Monthly Targets: The target amount increases steadily throughout 2030, starting at ₹3,125 in January and reaching ₹3,978 by December.
• Steady Growth: The monthly targets show a consistent upward trend, indicating a planned and progressive increase.
• Year-End Goal: The final target for December 2030 is ₹3,978, representing the culmination of the year’s objectives.
• Consistent Progress: The overall trend suggests a consistent and achievable path toward the year-end goal.

Shareholding

The company’s growth also depended upon the type of investors who invested in the share. 

Promoter shareholding

• Those who invest in the public market expect to profit in the future.  

Public shareholding

• Those who invest in the public market expect to profit in the future. 

Foreign Institutional Investors or FII 

• It refers to investors who are from other countries and who are investing in the Indian financial market. 

Domestic Institutional Investors or DII

• Domestic institutional investors (DIIs) are Indian institutions that invest in India’s financial markets.

FAQ

Conclusion

We hope (www.sharestargetinfo.com) gives you essential RITES Share Price Target information. By researching and taking expert advice, We believe that the RITES Share Price Target will go on in the long run. The demand for railways and the engineering sector will go up, and the RITES Share Price Target might also increase.

Disclaimer:

We are not SEBI-registered advisors. Investing in the share market is risky. This website is for training and educational purposes only. Please consult or get advice from certified experts before investing. We will not be responsible for any loss.