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Rite Water Solutions (India) Limited
vs. prev. close ₹495
52W High
₹545
52W Low
₹50
Market cap
₹4,183 Cr
IPO stage
No DRHP filed
CIN
U29100MH2004PLC148812
Price History
52W High
₹545
52W Low
₹50
About Rite Water Solutions (India) Limited
The Short Version :
Rite Water Solutions (India) Limited, based in Nagpur, Maharashtra, provides decentralized drinking water treatment and water-quality solutions for contaminated water sources, alongside solar energy systems (manufacturing, marketing, and turnkey EPC) and rural development solutions spanning solar cooling and digital/IoT-based technology for water, energy, and agriculture. The group consolidates one subsidiary, Clintech Equipments and Solutions Private Limited. Consolidated revenue from operations rose sharply to Rs 506.48 crore in FY25 from Rs 202.75 crore in FY24, with profit after tax more than doubling to Rs 98.73 crore from Rs 49.48 crore. The company reported basic EPS of Rs 13.80 for FY25 (up from Rs 7.46), book value per share of about Rs 47.07, and return on equity of roughly 29.1% for the year, following a bonus issue and fresh equity infusion that substantially expanded its share base during FY25.
Why It Trades Where It Does :
Rite Water sits at the intersection of two policy-favored themes in India: decentralized clean drinking water (relevant to missions like Jal Jeevan) and renewable/solar EPC, which gives it a differentiated niche versus larger single-focus EPC players. Its valuation case rests on the scale of its recent growth, revenue grew roughly 2.5x year-on-year and profit more than doubled, translating into an EPS of Rs 13.80 and an ROE near 29%, both well above typical small-cap EPC benchmarks for the year. Against this, the business is still young in its current corporate form (recently converted from a private to a public limited company) and project-based, so the multiple the market assigns reflects both the growth premium and the uncertainty of whether this scale of execution is repeatable, rather than a long operating history at this size.
Top Risks :
Operating cash flow was negative in both FY25 (Rs -72.30 crore) and FY24 (Rs -22.20 crore) despite rising profits, driven by a sharp build-up in trade receivables and inventories as the business scaled, a sign of working-capital-intensive growth that has yet to convert into cash.
The company's capital structure changed substantially during FY25 (a large bonus issue plus fresh share issuance), so per-share metrics from FY24 and earlier are not directly comparable to FY25 and should be read with that discontinuity in mind.
Company borrowings are secured in part by equitable mortgages of promoters' personal property and personal guarantees of directors, indicating continued reliance on promoter credit support for working capital financing.
The auditor's report carries an Emphasis of Matter on a contingent exit arrangement agreed with an investor and the company's promoters during FY23, including additional consideration contingent on conditions not yet fully resolved.
Revenue is tied to project-based EPC and government/institutional water and solar contracts, which can expose the business to tendering cycles, execution delays, and payment timing risk typical of that model.
Top Opportunities :
Revenue nearly 2.5x'd and profit after tax more than doubled year-on-year in FY25, indicating the business is scaling rapidly off a small base.
Diversified exposure across clean drinking water, solar EPC/manufacturing, and rural digital/IoT solutions positions it across multiple government-backed thrust areas rather than a single end market.
The FY25 capital raise (fresh equity plus bonus issue) strengthens the equity base and provides additional working-capital headroom to support continued project execution and order intake.
Niche technical positioning in decentralized water treatment for chemically/biologically contaminated sources is a differentiated capability relative to broader EPC competitors.
Disclaimer :
This description is based on publicly available information and is intended for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Priveq is the named counterparty on transactions in this security and may hold a position in it. Prospective investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decision.
Company Details
Industry
Infrastructure
Founded
2004
Headquarters
Nagpur, Maharashtra, India
Min Lot Size
125
Total Shares
85362720
Regulatory Information
Corporate Identity Number (CIN)
U29100MH2004PLC148812
PAN Number
AACCN0835B
ISIN
INE235Q01028
Key Valuation Ratios
Valuation
Market Cap
₹4,182.77 Cr
P/E Ratio
42.36×
P/S Ratio
8.26×
P/B Ratio
12.34×
EV / EBITDA
29.64×
Returns & Per Share
ROE
29.13%
EPS
₹11.57
Book Value / Share
₹39.71
Solvency
Debt / Equity
0.12×
Interest Coverage
41.09×
Company Fundamentals
As of FY2025 Annual · updated 30 Sept 2026Gross Profit
₹262.68 Cr
EBITDA
₹140.49 Cr
Revenue Growth
149.81%
Profit Margin
19.49%
Performance Trends
2 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.12×
EBITDA Margin
27.74%
Interest Coverage
41.09×
Financial Statements
| Line item | FY2024 | FY2025 |
|---|---|---|
| Total Income | ||
| Revenue from operationsDisclosed | 202.75₹ Crore | 506.48₹ Crore |
| Other incomeDisclosed | 4.29₹ Crore | 5.48₹ Crore |
| Total IncomeDerived | 207.04₹ Crore | 511.96₹ Crore |
| Expenses | ||
| Cost of goods soldDisclosed | 70.35₹ Crore | 243.8₹ Crore |
| Changes in inventoriesDisclosed | 77₹ Lakh | 0₹ Crore |
| Employee benefits expenseDisclosed | 11.15₹ Crore | 16.38₹ Crore |
| Finance costsDisclosed | 2.11₹ Crore | 3.35₹ Crore |
| Depreciation and amortization expenseDisclosed | 1.68₹ Crore | 2.87₹ Crore |
| Other expensesDisclosed | 49.79₹ Crore | 111.29₹ Crore |
| Total ExpensesDerived | 135.85₹ Crore | 377.69₹ Crore |
| Profit | ||
| Profit before taxDerived | 71.19₹ Crore | 134.27₹ Crore |
| Current tax expenseDisclosed | 16.85₹ Crore | 40.73₹ Crore |
| Deferred tax expenseDisclosed | 4.87₹ Crore | -5.2₹ Crore |
| Tax expenseDisclosed | 21.71₹ Crore | 35.53₹ Crore |
| Profit After TaxDerived | 49.48₹ Crore | 98.73₹ Crore |
| Other comprehensive incomeDisclosed | 80₹ Thousand | 10₹ Thousand |
| Total Comprehensive IncomeDerived | 49.48₹ Crore | 98.73₹ Crore |
Abhijeet V. Gan
MD & CEO
20+ Years
Vinayak Shankarrao Gan
Chairman
30+
Express buy interest
No commitment — the desk will reach out
Current Price
₹490Secure & Verified Transaction
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About Rite Water Solutions (India) Limited unlisted shares
Indicative · updated dailyRite Water Solutions (India) Limited unlisted share price today
Rite Water Solutions (India) Limited unlisted share price today is ₹490 as of 16 October 2026.
Rite Water Solutions (India) Limited — frequently asked questions
- What is the grey market price for Rite Water Solutions (India) Limited?
No IPO is currently announced for Rite Water Solutions (India) Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Rite Water Solutions (India) Limited filed for an IPO, and when might it list?
Rite Water Solutions (India) Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Rite Water Solutions (India) Limited compare to its listed peers?
There is no closely comparable listed company for Rite Water Solutions (India) Limited in India today.
- Is Rite Water Solutions (India) Limited on the SME or Mainboard IPO track?
Rite Water Solutions (India) Limited is on the Mainboard IPO track, based on its draft red herring prospectus.
- What is Rite Water Solutions (India) Limited's CIN and registered office?
Rite Water Solutions (India) Limited's Corporate Identity Number is U29100MH2004PLC148812, registered at Nagpur, Maharashtra, India.
- What is Rite Water Solutions (India) Limited's market capitalisation?
Rite Water Solutions (India) Limited's market capitalisation is approximately ₹4,183 crore, based on its current unlisted share price.
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Submit an Express Sell Interest for Rite Water Solutions (India) Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Rite Water Solutions (India) Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
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Minimum investment varies by company and is shown as the Min Investment figure on this page. Rite Water Solutions (India) Limited's minimum is ₹61,250.
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