RITES bags ₹400 crore order from Sri Lanka Railways
RITES (RITES) said it has received an order from Sri Lanka Railways, valued at ₹400 crore. The company is valued at about ₹9,204 crore.
What happened
In a filing with the BSE on 2 November 2026 at 10:41 PM, RITES (RITES) said that it has received an order from Sri Lanka Railways, valued at ₹400 crore. The scope of work: Supply of Broad Gauge Diesel Multiple Unit (DMU) Train Sets for the Sri Lanka Railways. Execution period: 12 months from opening of LC Particulars Details. The company classified the order as international.
How big is it?
At ₹400 crore, the order is equal to about 4.3% of the company's market value of ₹9,204 crore and 16.3% of its revenue over the last four reported quarters (₹2,458 crore).
That is a meaningful addition relative to the company's annual revenue.
Company snapshot
RITES is a small-cap company in the Construction sector, with a market value of about ₹9,204 crore.
The stock last traded at ₹191.5, against a 52-week range of ₹175–₹259.7 (26.3% below the high).
Before this filing the shares had moved −2.1% over the month and −12.1% over three months. Average daily turnover over the last 20 sessions was about ₹54.42 crore.
Promoters held 72.20% at the end of Q1 FY27. Foreign institutions owned 3.43% and domestic institutions 8.75%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 490 | 80.1 | 1.67 |
| Q2 FY26 | 549 | 98.2 | 2.04 |
| Q3 FY26 | 609 | 102 | 2.12 |
| Q4 FY26 | 768 | 130 | 2.7 |
| Q1 FY27 | 532 | 87.2 | 1.81 |
What history shows
BCEIE's records show 6 previous order win filings from the company since May 2026.
After those filings, the stock gained 2.1% on average the next trading day and was up 1.6% on average after five days (5 filings with price data).
Across 158 similar disclosures by other Construction companies, shares moved +0.4% on average the next day and −0.5% over five days; 56% of them rose the next day.
Market-wide, 2,114 order win filings with an impact score of 50 or more saw an average next-day move of +0.8%, with 53% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 22 Sept 2026 | Update regarding Major Order Secured. | +0.4% | −5.4% |
| 11 Jul 2026 | Order win | −2.0% | −2.9% |
| 6 Jul 2026 | Order win | +3.2% | +2.8% |
| 30 Jun 2026 | Major order secured from Babasaheb Bhimrao Ambedkar University (BBAU). | +10.0% | +9.1% |
| 25 Jun 2026 | Order win | −1.3% | +4.4% |
What to watch
- Execution progress and revenue recognition from this order in the coming quarters.
- The stated execution timeline: 12 months from opening of LC Particulars Details.
- 4 November 2026: Board meeting — Financial Results/Dividend.
In the news
Recent coverage elsewhere (links open the original publisher):
- RITES Ltd. Estimates – NSE:RITES
- RITES to host investor meet on Nov 5 to discuss Q2FY27 results
- Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week
- IRFC, RVNL, IRCON, RITES, BEML, Jupitar Wagons, IRCTC, Concor: Are Railway Stocks Attractive Before Q1 Results
- Shivraj Singh Chouhan’s mother Kashi Bai passes away at AIIMS Bhopal; last rites to be held in Jait | India News
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.