RITES Limited has informed the exchange about Credit Rating received by the Company.
RATING
▲ Positive Development
LOW RISK
📅 Filed on BSE: 04 Jul 2026, 04:19 PM IST · BSE ID: aba8c154-8dd6-44b1-ae2a-014a8b8581f0
View Original BSE Filing (PDF)
💡
In Simple Terms
RITES received a top credit rating of 'CARE AAA; Stable' for its bank facilities, showing its strong financial health.
🤖 AI Summary
- RITES Limited's Rs. 3555.00 Crore bank facilities assigned CARE AAA; Stable rating.
- CARE Ratings reaffirmed the rating for long-term and short-term non-fund based facilities.
- The rating action signifies the company's strong financial linkages with the Government of India.
- A healthy order book of ₹9,416 crore as on March 31, 2026 provides revenue visibility.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Rated Facilities
Rs. 3555.00 Crore
Order Book (as on March 31, 2026)
₹9,416 crore
Government of India Ownership (as on March 31, 2026)
72.20%
Collection Period (FY26)
125 days
🏢 How This Affects the Company
A strong credit rating can enhance the company's ability to secure future financing on favorable terms, supporting its operational and expansion plans.
The 'CARE AAA; Stable' rating indicates a robust financial risk profile, characterized by stable income, profitability, and healthy liquidity, as noted by the rating agency.
The rating reflects strong government linkages and a diversified order book, which mitigates certain operational and revenue visibility risks.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this credit rating announcement.
👤
Who Is Affected
All shareholders benefit from an improved perception of the company's financial stability and creditworthiness.
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Management Signal
Management continues to prioritize maintaining a strong financial profile, as evidenced by the reaffirmation of the top credit rating.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Subsequent quarterly results to monitor order book growth and profitability.
Any further updates from CARE Ratings on the company's credit profile.
Progress on the company's locomotive exports and leasing segments.
LOW RISK
The company maintains a top credit rating and strong government backing, indicating low financial risk.
💡 Investor Takeaway
RITES Limited's Rs. 3555.00 Crore bank facilities reaffirmed with CARE AAA; Stable rating, supported by strong government linkages and a ₹9,416 crore order book.
⚖️ Strengths & Concerns
✅ Positives
- Strong managerial and financial linkages with the Government of India, holding a 72.20% ownership stake.
- Healthy and diversified order book of ₹9,416 crore as on March 31, 2026, providing 3.9x FY26 operating income.
⚠️ Concerns
- Working capital intensive operations reflected in a collection period of 125 days in FY26.
- Competitive and fragmented industry nature exerts pressure on margins, particularly in turnkey projects.
📅 Company Track Record
RITES Limited's credit rating was previously reaffirmed at AAA/Stable with total rated facilities at Rs. 3555.00 Crore on June 27, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What credit rating has been assigned to RITES Limited's facilities?
RITES Limited's long-term and short-term non-fund based bank facilities totaling Rs. 3555.00 Crore have been assigned a 'CARE AAA; Stable' rating.
What is the total value of facilities covered by the new credit rating?
The credit rating covers bank facilities amounting to Rs. 3555.00 Crore (Rupees Three Thousand Five Hundred Fifty Five Crore Only).
What is the outlook for RITES Limited's credit rating?
The outlook for RITES Limited's credit rating is 'Stable', indicating that the rating is unlikely to change in the near future.
What is RITES Limited's order book size as of March 31, 2026?
RITES Limited reported a healthy and diversified order book of ₹9,416 crore as of March 31, 2026.
Questions based on this BSE filing only. For information purposes.