RattanIndia Enterprises Ltd logo

RattanIndia Enterprises Ltd

RTNINDIA NSE

Key Fundamentals

MicrocapEcommerceRetail
Market Cap
₹4,150 Cr
Volatility
Moderate
P/E Ratio
-6.4
EBITDA
₹-82.69 Cr
Return on Equity
8.74%
Debt to Equity
1.43
Book Value
₹5.56
EPS
₹8.31
52W High
₹64
52W Low
₹24.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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39 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

2
  • Stock is trading at 5.41 times its book value
  • Company has low interest coverage ratio.

Growth Rate

Revenue Growth
9.52% ↘
Net Income Growth
-346.51% ↘
Cash Flow Change
933.54% ↗
ROE
-82.60% ↗
ROCE
-53.74% ↗
EBITDA Margin (Avg.)
-128.87% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 49d ago
AI opinion · based on fundamentals
Risk high

RattanIndia Enterprises Ltd is a diversified new-age conglomerate with subsidiaries in EV (Revolt Motors), e-commerce (Cocoblu), fintech, and drones, trading at a market cap of ~₹4,624 Cr with a negative PE of -28 and a P/B of 6.03. The company posted consolidated revenue of ₹6,866 Cr in FY25 (up ~11% YoY) but reported a net loss of ₹358.5 Cr, with ROE declining to -20% in the last year and a debt-to-equity ratio of 1.38.

Bull Case 7
  • Revenue scaled from near-zero to ₹6,866 Cr in FY25, representing a 5-year compounded sales CAGR of 845%, demonstrating rapid top-line buildout across multiple verticals
  • FY25 revenue grew 11% YoY (from ₹6,185 Cr to ₹6,866 Cr), showing continued momentum even on a larger base
  • Revolt Motors expanded its dealership network from 100 to 200 outlets within one year (as of April 2025), positioning it as a leading EV two-wheeler brand in India with IPO plans within two years
  • Q4 FY25 consolidated loss shrank 69% YoY, indicating operating leverage is beginning to emerge as revenue growth outpaces cost structures
  • Diversified portfolio across seven segments (Cocoblu, Revolt, Neobrands, Wefin, NeoSky, TAS, Matternet) reduces single-business concentration risk
  • 10-year stock CAGR of 25% reflects long-term value creation from its transformation from a legacy infrastructure entity to a new-age enterprise
  • TTM revenue growth of 10% maintained despite macro headwinds, suggesting resilient demand in core segments like e-commerce and EV mobility
Bear Case 8
  • Company reported a consolidated net loss of ₹358.5 Cr in FY25, with TTM profit declining 296% — profitability remains absent
  • ROE has deteriorated sharply from +17% (3-year avg) to -20% in the last year, signaling value destruction for equity holders
  • Stock is trading at 6.03x book value despite negative earnings, leaving no margin of safety if growth stalls
  • Low interest coverage ratio (as flagged) with debt-to-equity at 1.38 raises solvency concerns in a rising-rate or cash-burn scenario
  • Stock has fallen 46% over the past 1 year, reflecting significant market skepticism about near-term profitability
  • Zero dividend yield with no history of payouts — shareholders depend entirely on capital appreciation with no income cushion
  • EBITDA margin is negative at -0.91% on a TTM basis, meaning core operations are not yet self-sustaining
  • Significant unrealized investment losses in Q4 FY25 contributed materially to the net loss, highlighting balance-sheet vulnerability to mark-to-market swings

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 49d ago
Positives 1
  • RVX e-bike launch at ₹1.24L Jul 2

    Revolt Motors launched the RVX electric bike on Jul 02 priced at ₹1.24 lakh, featuring a 4 kW mid-drive motor, 3.24 kWh battery with 160 km range, and fast charging capability. Celebrity brand campaign with Hardik Pandya signals aggressive marketing push.

Neutral 1
  • New product in competitive EV space Jul 2

    The RVX enters an increasingly crowded electric two-wheeler segment. Pricing at ₹1.24 lakh positions it in the mid-range category with three colour options available at launch.

TL;DR: RattanIndia Enterprises is expanding its EV portfolio through subsidiary Revolt Motors with a competitively specced new electric bike. No negative developments in this period. The RVX launch with celebrity endorsement shows intent to scale, but execution and market reception remain to be seen in coming quarters.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,268
1,615
1,880
1,294
2,494
1,801
1,921
1,505
2,313
2,124
2,006
1,697
1,870
Expenses
1,266
1,393
1,630
1,349
1,463
2,038
2,086
1,882
1,704
2,560
2,162
1,799
1,830
Operating Profit
2
222
250
-55
1,031
-237
-165
-377
609
-436
-155
-102
40
OPM %
0.1%
14%
13%
-4.2%
41%
-13%
-9%
-25%
26%
-21%
-8%
-6%
2.1%
Other Income
205
-47
0
6
4
0
0
5
4
4
1
2
10
Interest
24
29
32
29
26
30
23
16
17
19
18
19
19
Depreciation
4
4
5
4
4
4
4
4
3
4
4
3
3
PBT
179
142
213
-81
1,005
-270
-192
-391
592
-456
-176
-123
28
Tax %
0%
1%
12%
0%
15%
-11%
-11%
-8%
15%
-13%
-8%
-10%
48%
Net Profit
178
140
187
-82
851
-242
-170
-359
502
-397
-162
-110
15
EPS in Rs
1.29
1.02
1.36
-0.59
6.16
-1.75
-1.23
-2.57
3.64
-2.87
-1.17
-0.8
0.11
Figures in ₹ Crores

Profit & Loss

  Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0
0
0
0
0
0
0
14
4,124
6,187
6,866
7,531
7,697
Expenses
42
6
278
663
1,309
153
2
36
4,083
5,558
6,614
7,613
8,351
Operating Profit
-42
-6
-278
-663
-1,309
-153
-2
-22
40
629
253
-83
-654
OPM %
—
—
—
—
—
—
-1670%
-156%
1%
10%
3.7%
-1.1%
-8%
Other Income
168
-155
0
0
0
2
2
579
-255
-46
10
8
17
Interest
4
0
0
0
0
1
0
2
49
114
94
74
76
Depreciation
1
0
0
0
0
0
0
1
10
17
16
14
14
PBT
120
-161
-278
-663
-1,308
-153
0
554
-273
453
152
-163
-726
Tax %
30%
0%
0%
0%
0%
0%
0%
0%
5%
6%
47%
2%
—
Net Profit
84
-161
-278
-663
-1,308
-153
0
554
-286
424
81
-166
-654
EPS in Rs
0.33
-1.17
-2.01
-4.8
-9.46
-1.11
0
4.01
-2.06
3.08
0.61
-1.2
-4.73
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
255
276
276
276
276
276
276
276
276
276
276
276
Reserves
2,238
2,221
1,944
1,272
-39
-192
-192
422
133
563
645
492
Borrowings
1,963
0
0
0
0
0
0
159
976
1,184
923
1,101
Other Liabilities
6,615
2
1
1
0
0
1
51
805
666
785
902
Total Liabilities
11,070
2,499
2,221
1,549
238
85
85
908
2,190
2,689
2,630
2,771
Fixed Assets
205
0
0
0
0
0
0
40
273
251
262
262
CWIP
7,035
0
0
0
0
0
0
0
6
8
6
0
Investments
244
2,405
2,133
1,463
153
0
84
812
315
881
1,049
893
Other Assets
3,587
94
88
86
85
85
1
56
1,596
1,549
1,313
1,616
Total Assets
11,070
2,499
2,221
1,549
238
85
85
908
2,190
2,689
2,630
2,771
Figures in ₹ Crores

Cash Flow

  Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-58
-96
-2
0
14
-17
67
-14
-678
-37
306
-56
Investing
-742
7
0
0
-15
18
-67
-102
-25
-26
30
-7
Financing
957
32
0
0
0
-1
0
117
734
97
-373
105
Net Cash Flow
158
-58
-2
0
0
0
0
2
30
34
-36
43
Free Cash Flow
-1,882
-96
-2
0
14
-17
67
-14
-691
-42
297
-64
CFO/OP
109
1,527
1
0
-1
11
-4,014
61
-1,545
-3
137
70
Figures in ₹ Crores

Ratios

  Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
—
—
—
—
—
—
0
48
4
3
3
3
Inventory Days
—
—
—
—
—
—
—
—
114
72
55
63
Days Payable
—
—
—
—
—
—
—
—
70
43
43
48
Cash Conversion Cycle
—
—
—
—
—
—
0
48
48
31
15
18
Working Capital Days
—
—
—
—
—
—
-1,934
-3,228
-28
41
24
57
ROCE %
—
—
-12%
-35%
-146%
-94%
-1%
-5%
3%
36%
13%
-5%

Shareholding Pattern

As of Jun 2026
Promoters 74.87%
Public 15.65%
FIIs 5.39%
Others 4.01%
DIIs 0.07%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
74.75%
74.75%
74.80%
74.80%
74.80%
74.80%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.86%
74.87%
74.87%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9.40%
8.12%
8.33%
8.42%
4.83%
6.00%
6.10%
5.95%
6.16%
6.18%
5.55%
5.39%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.02%
0.03%
0.03%
0.03%
0.04%
0.05%
0.05%
0.07%
0.10%
0.10%
0.12%
0.13%
0.09%
0.09%
0.08%
0.07%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
11.76%
13.96%
14.15%
13.77%
13.74%
13.78%
12.87%
12.88%
12.88%
12.99%
13.08%
13.98%
13.57%
13.47%
15.55%
15.10%
15.10%
15.30%
15.15%
15.13%
15.52%
15.65%
Others
13.49%
11.30%
11.05%
11.43%
11.46%
11.40%
12.25%
12.24%
12.23%
12.12%
2.62%
2.99%
3.19%
3.19%
4.66%
3.94%
3.82%
3.77%
3.74%
3.73%
3.98%
4.01%
No. of Shareholders
0
73,760
95,628
1,38,434
2,00,213
2,24,069
2,45,425
2,36,663
2,41,596
2,41,736
2,55,327
2,89,853
3,31,422
3,60,428
3,95,856
4,07,889
4,18,653
4,40,680
4,26,326
4,11,399
4,01,055
3,95,032

Documents

1
Concall - Aug 2021 Aug 2021
2
Concall - May 2022 May 2022
3
Concall - Aug 2022 Aug 2022
4
Concall - Nov 2022 Nov 2022
5
Concall - May 2023 May 2023

Frequently Asked Questions about RattanIndia Enterprises Ltd

What does RattanIndia Enterprises Ltd do?
RattanIndia Enterprises Limited is the flagship company of Rattanindia Group. RattanIndia Enterprises Limited comprises of tech focussed new age businesses including e-commerce, electric vehicles, and drones.
Where is RattanIndia Enterprises Ltd (RTNINDIA) listed?
RattanIndia Enterprises Ltd is listed on the Indian stock exchanges. It is listed on NSE: RTNINDIA and BSE: 534597. You can view its live share price, financials, and ratios on Tapetide.
Which sector does RattanIndia Enterprises Ltd belong to?
RattanIndia Enterprises Ltd operates in the Retail sector within the Ecommerce industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of RattanIndia Enterprises Ltd?
RattanIndia Enterprises Ltd has a market capitalisation of approximately ₹4149.57 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of RattanIndia Enterprises Ltd?
The Price-to-Earnings (PE) ratio of RattanIndia Enterprises Ltd is -6.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of RattanIndia Enterprises Ltd?
Over the past 52 weeks, RattanIndia Enterprises Ltd has traded between a low of ₹24.4 and a high of ₹64. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of RattanIndia Enterprises Ltd?
RattanIndia Enterprises Ltd has a Return on Equity (ROE) of 8.74%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research RattanIndia Enterprises Ltd on Tapetide?
On Tapetide, you can view RattanIndia Enterprises Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

RattanIndia Enterprises Limited is the flagship company of Rattanindia Group. RattanIndia Enterprises Limited comprises of tech focussed new age businesses including e-commerce, electric vehicles, and drones.

Website rattanindia.com
CEO Mr. Ashok Kumar Sharma
Employees 28
Listed 2012-07-30
Face Value ₹ 2
Issued Size 1,38,22,69,592

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