Rite Water Solutions India unlisted share price

Price history

About

Rite Water Solutions (India) Limited, formerly Rite Water Solutions (India) Private Limited, is a clean-tech company based in Nagpur, Maharashtra. It describes itself as serving rural transformation through three verticals: water solutions, solar agriculture solutions and IoT solutions. The water vertical covers water and waste water treatment, disinfection and purification systems, community water purification plants and water supply schemes. The solar vertical covers solar irrigation pumps, solar water supply schemes and solar cold storage. The IoT vertical offers digital monitoring applications that help improve efficiency and cut losses in water and energy infrastructure. The latest audited accounts we could read are the standalone statements for the year ended 31 March 2024, audited by PKF Sridhar & Santhanam LLP. Revenue from operations was ₹2,111.36 million, up from ₹1,192.85 million a year earlier. Most of it came from works contracts at ₹1,933.08 million, with services at ₹178.28 million. Profit for the year was ₹392.50 million against ₹268.82 million in FY23. These are standalone numbers, not consolidated, and they are older than the current price date. As at 31 March 2024, the two directors who signed the accounts, Vinayak Gan and Abhijeet Gan, held 48.86% and 31.28% of the equity shares respectively. SIDBI Trustee Company Limited had exited by then, and Water Access Accleration Fund SLP held all the preference shares. The company has filed a draft offer document with SEBI for a proposed IPO, but we have not listed any dates or price terms here. Unlisted shares of a company like this are dealt off-market through dealers, so the indicative price of ₹495 per share on 2026-10-11, a lot of 1000 shares and an implied market cap of about ₹4225.45 crore are indications only, not exchange prices.