Announced Sat, 4 Jul · 16:12 IST
RITES gets AAA with Stable outlook from CARE for Rs 3,555 crore bank facilities
RITES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.1%1-day move
₹217.80
prior close
₹217.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-1.0-0.7-0.6+6.1+2.5+2.2+4.2+4.0+2.5-0.4———
Up moveDown movePending
AI summary
CARE Ratings assigned its highest AAA rating with Stable outlook plus A1+ for short term to RITES Limited's Rs 3,555 crore bank facilities. Government of India holds 72.20 percent stake. Order book stands at Rs 9,416 crore, about 3.9x FY26 revenue. FY26 revenue grew 10 percent to Rs 2,429 crore, PAT at Rs 454 crore. Company is virtually debt-free with Rs 897 crore free cash. This is a first-time rating assignment.
Likely market impact
Top AAA rating boosts credit profile and borrowing access. Strong government backing and debt-free status support stable outlook.