Ritesh International
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Ritesh International Ltd. has deposited ₹51 lakh as an installment of advance tax, the company disclosed in a stock exchange filing on June 12. The payment is part of the company's quarterly tax obligations under Indian corporate tax laws. The amount is significantly larger than the company's previous advance tax installments of ₹10-32 lakhs in earlier quarters. For a nano-cap firm with a market capitalisation of ₹43 crore, the payment represents about 1.2% of its market value. The filing did not specify the period to which the tax relates or provide any guidance on expected full-year profits.
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Ritesh International Ltd. has deposited ₹51 lakh as an installment of advance tax, the company disclosed in a stock exchange filing on June 12. The payment is part of the company's quarterly tax obligations under Indian corporate tax laws. The amount is significantly larger than the company's previous advance tax installments of ₹10-32 lakhs in earlier quarters. For a nano-cap firm with a market capitalisation of ₹43 crore, the payment represents about 1.2% of its market value. The filing did not specify the period to which the tax relates or provide any guidance on expected full-year profits.
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Dec 14 (Reuters) - Ritesh International Ltd RITI.BO:
APPOINTMENT OF RITESH ARORA AS MANAGING DIRECTOR CUM CHAIRMAN
Further company coverage: RITI.BO
(([email protected];))
Dec 14 (Reuters) - Ritesh International Ltd RITI.BO:
APPOINTMENT OF RITESH ARORA AS MANAGING DIRECTOR CUM CHAIRMAN
Further company coverage: RITI.BO
(([email protected];))
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What does Ritesh International do?
Ritesh International Limited, formerly known as Sukhchain Oils Industries, is a company established in 1982 engaged in the manufacturing and selling of various products like Stearic Acid, Fatty Acids, Glycerin, and Readymade Garments with manufacturing facilities in Punjab.
Who are the competitors of Ritesh International?
Ritesh International major competitors are Oceanic Foods, Sampre Nutritions, Artemis ADR Mktplace, Gayatri Bio Organics, Ceeta Industries, IB Infotech, Kothari Fermentn&Bio. Market Cap of Ritesh International is ₹58 Crs. While the median market cap of its peers are ₹61 Crs.
Is Ritesh International financially stable compared to its competitors?
Ritesh International seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Ritesh International pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Ritesh International latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Ritesh International allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Ritesh International balance sheet?
Balance sheet of Ritesh International is strong. But short term working capital might become an issue for this company.
Is the profitablity of Ritesh International improving?
Yes, profit is increasing. The profit of Ritesh International is ₹3.67 Crs for TTM, ₹3.3 Crs for Mar 2025 and -₹0.08 Crs for Mar 2024.
Is the debt of Ritesh International increasing or decreasing?
The net debt of Ritesh International is decreasing. Latest net debt of Ritesh International is ₹7.64 Crs as of Mar-26. This is less than Mar-25 when it was ₹9.46 Crs.
Is Ritesh International stock expensive?
Ritesh International is not expensive. Latest PE of Ritesh International is 15.68, while 3 year average PE is 20.27. Also latest EV/EBITDA of Ritesh International is 9.22 while 3yr average is 13.19.
Has the share price of Ritesh International grown faster than its competition?
Ritesh International has given lower returns compared to its competitors. Ritesh International has grown at ~0.91% over the last 5yrs while peers have grown at a median rate of 12.41%
Is the promoter bullish about Ritesh International?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 48.03% and last quarter promoter holding is 43.05%.
Are mutual funds buying/selling Ritesh International?
The mutual fund holding of Ritesh International is decreasing. The current mutual fund holding in Ritesh International is 0.05% while previous quarter holding is 0.06%.