Engineering consultancy firm RITES Ltd rallied 2.7 percent on its stock market debut on Monday.

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It traded 9.7 percent higher at Rs 202.95 after hitting a high of Rs 205.75. RITES shares listed at an issue price of Rs 185 per share.

Rajeev Mehrotra, CMD of RITES spoke to CNBC-TV18 about the company's growth prospects and the orderbook.

Mehrotra is confident of the orderbook increasing going forward.

The company has reported a compounded annual growth rate (CAGR) of 15 percent for the last three years.

Breaking up the revenue mix, he said consulting business would be around 55-60 percent, and exports and foreign consultancy would be around 25 percent of total revenues. The rest would be leasing business, sale of power and power consultancy and fees through subsidiary company Railway Energy Management Company, said Mehrotra.

Talking about exports, he said the company has an order of Rs 680 crore, which is under execution and shipments for that will start by Q3, Q4. Meanwhile, turnkey is about 50 percent of the total orderbook.

They also hope to maintain margins around 30-32 percent going forward as well, said Mehrotra backed by a strong orderbook.

RITES is a wholly owned government company and the only export arm of Indian railways for providing rolling stock overseas. It is a multi-disciplinary engineering and consultancy organization and provides services from concept to commissioning for transport infrastructure.

First Published:Jul 2, 2018 11:29 AM IST