RattanIndia Power Ltd logo

RattanIndia Power Ltd

RTNPOWER NSE

Key Fundamentals

MicrocapIntegrated Power UtilitiesPower
Market Cap
₹4,269 Cr
Volatility
Low Risk
P/E Ratio
37.86
EBITDA
₹405 Cr
Return on Equity
4.84%
Debt to Equity
0.8
Book Value
₹8.64
52W High
₹12.84
52W Low
₹7.52

Insights

Beta

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

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38 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

1
  • Stock is trading at 0.91 times its book value

Weaknesses

4
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Earnings include an other income of Rs.324 Cr.
  • Company has high debtors of 336 days.

Growth Rate

Revenue Growth
-17.83% ↘
Net Income Growth
-76.37% ↘
Cash Flow Change
-68.60% ↘
ROE
-97.63% ↘
ROCE
-94.04% ↘
EBITDA Margin (Avg.)
-53.13% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 51d ago
AI opinion · based on fundamentals
Risk high

RattanIndia Power Ltd trades at a market cap of Rs.4,876 Cr with a P/E of 91.5x and P/B of 1.06x. The company's TTM sales declined 9% and profits fell 76%, while its 5-year compounded profit CAGR stands at 16%. The stock has lost 38% over the past year after a 21% CAGR over 3 years.

Bull Case 7
  • Stock trades at 1.06x book value, near asset replacement cost, suggesting limited downside from balance sheet perspective
  • 5-year compounded profit CAGR of 16% demonstrates the company's ability to grow earnings over a longer cycle
  • 5-year compounded sales CAGR of 14% indicates meaningful revenue scale-up over the medium term
  • 3-year compounded profit CAGR of 27% shows strong earnings momentum in recent years prior to the TTM decline
  • 3-year stock CAGR of 21% reflects market recognition of the company's turnaround trajectory over that period
  • India's rising power demand driven by industrialization and electrification provides a structural tailwind for thermal power generators
  • Other income of Rs.355 Cr provides an additional earnings buffer and may reflect monetization of non-core assets or regulatory receivables
Bear Case 8
  • TTM profits declined 76%, signaling a sharp deterioration in earnings quality and operational performance
  • P/E of 91.5x is extremely elevated for a utility company, implying the stock prices in significant future recovery that may not materialize
  • Low interest coverage ratio indicates debt servicing consumes a large portion of operating profits, raising solvency concerns
  • Debtor days of 336 days means receivables take nearly a full year to collect, straining cash flows and working capital
  • TTM sales declined 9% year-over-year, suggesting volume or realization pressures in the core power business
  • Earnings include other income of Rs.355 Cr, meaning core operating profit is substantially lower than reported net profit
  • Zero dividend yield despite positive earnings suggests the company retains all cash for debt servicing or lacks distributable surplus
  • Stock has declined 38% over the past 1 year, reflecting sustained negative sentiment and potential further downside risk

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

AI News Digest

Anthropic anthropic claude-opus-4.6 51d ago
Neutral 1
  • No new share encumbrance Jul 4

    Jarul Infrastructure Pvt Ltd disclosed no new encumbrance on RattanIndia Power Ltd shares for FY ended March 31, 2026, indicating stable promoter holding structure.

TL;DR: Limited recent news flow for RattanIndia Power. The absence of new share encumbrance is a minor positive signal on promoter confidence, but there are no material catalysts or risks visible in the current news cycle. The outlook remains unchanged pending fresh operational or financial developments.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
847
796
806
914
932
682
733
936
822
654
728
788
799
Expenses
691
685
635
708
743
588
643
724
725
602
601
658
674
Operating Profit
157
111
172
206
189
94
90
212
97
52
127
130
125
OPM %
18%
14%
21%
23%
20%
14%
12%
23%
12%
8%
18%
16%
16%
Other Income
89
88
82
10,717
85
89
91
92
99
90
99
67
68
Interest
678
726
719
239
121
124
116
118
148
112
110
91
86
Depreciation
102
105
106
69
59
60
61
60
61
61
61
64
61
PBT
-535
-632
-572
10,615
93
-1
4
126
-13
-32
54
43
46
Tax %
3%
0%
3%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
-549
-633
-587
10,666
93
-1
4
126
-13
-32
54
43
46
EPS in Rs
-1.02
-1.18
-1.09
19.86
0.17
0
0.01
0.23
-0.02
-0.06
0.1
0.08
0.09
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
625
2,596
1,391
2,054
1,924
1,774
1,560
3,260
3,231
3,364
3,284
2,991
2,968
Expenses
600
1,643
678
1,499
1,372
1,266
920
2,457
2,493
2,718
2,699
2,586
2,534
Operating Profit
26
953
712
555
551
508
640
803
738
646
585
405
434
OPM %
4.1%
37%
51%
27%
29%
29%
41%
25%
23%
19%
18%
14%
15%
Other Income
61
81
155
148
-1,155
2,878
1,074
-28
328
10,976
357
355
324
Interest
546
1,204
1,238
1,954
2,304
2,805
2,241
2,342
2,512
2,363
479
461
399
Depreciation
190
236
254
400
420
417
416
414
404
382
241
246
247
PBT
-649
-406
-624
-1,650
-3,328
165
-942
-1,981
-1,849
8,876
222
52
111
Tax %
2%
6%
1%
1%
0%
0%
0%
0%
1%
0%
0%
0%
—
Net Profit
-664
-432
-631
-1,663
-3,328
165
-942
-1,981
-1,870
8,897
222
52
111
EPS in Rs
-2.25
-1.46
-2.13
-5.63
-11.24
0.33
-1.75
-3.69
-3.48
16.57
0.41
0.1
0.21
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2,953
2,845
2,845
2,945
2,953
4,940
5,370
5,370
5,370
5,370
5,370
5,370
Reserves
2,144
1,902
1,223
-447
-3,711
-4,510
-5,995
-8,032
-9,903
-1,006
-785
-732
Borrowings
12,216
13,552
14,702
14,633
13,871
12,510
12,255
11,547
11,018
3,562
3,615
3,711
Other Liabilities
1,372
2,225
2,420
4,238
6,328
6,156
6,985
8,773
10,887
1,640
1,596
1,265
Total Liabilities
18,684
20,525
21,191
21,370
19,441
19,095
18,615
17,658
17,372
9,566
9,796
9,613
Fixed Assets
8,795
9,268
10,793
15,011
14,592
14,410
13,995
13,381
13,051
6,412
6,253
6,103
CWIP
6,674
6,659
6,339
2,283
2,354
1,584
1,574
1,142
1,110
67
65
21
Investments
20
0
70
10
193
275
0
4
8
0
0
0
Other Assets
3,195
4,598
3,988
4,066
2,301
2,826
3,046
3,131
3,203
3,087
3,478
3,489
Total Assets
18,684
20,525
21,191
21,370
19,441
19,095
18,615
17,658
17,372
9,566
9,796
9,613
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-185
11
1,206
215
836
610
736
934
1,015
1,306
410
372
Investing
-237
-108
-493
-107
-161
-91
101
59
-5
-462
87
66
Financing
372
169
-722
-235
-801
-476
-795
-956
-977
-902
-440
-605
Net Cash Flow
-49
71
-9
-127
-127
44
42
37
33
-58
57
-168
Free Cash Flow
-962
-160
784
-51
815
595
733
923
985
1,207
293
294
CFO/OP
-698
2
170
40
152
120
109
117
137
203
70
89
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
120
120
208
236
237
316
457
281
282
224
271
336
Cash Conversion Cycle
120
120
208
236
237
316
457
281
282
224
271
336
Working Capital Days
-796
-83
-580
-741
-1,318
-973
-1,457
-1,048
-1,757
124
198
212
ROCE %
-1%
4%
3%
2%
2%
2%
11%
8%
9%
8%
9%
6%

Shareholding Pattern

As of Jun 2026
Promoters 44.06%
Public 40.12%
DIIs 6.58%
FIIs 5.26%
Others 3.98%
Total 100.00%
  Feb 2021Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
44.19%
44.19%
44.19%
44.19%
44.19%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
44.06%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.48%
0.00%
2.03%
3.70%
4.39%
5.02%
5.25%
4.96%
5.13%
5.22%
5.13%
5.26%
DIIs
15.15%
15.15%
15.12%
13.84%
14.12%
13.43%
8.66%
1.18%
7.25%
7.25%
7.25%
7.21%
0.79%
6.67%
6.63%
6.58%
6.53%
6.66%
6.67%
6.65%
6.65%
6.62%
6.58%
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%
0.00%
Public
19.30%
19.41%
19.06%
21.95%
24.93%
25.86%
30.86%
30.61%
30.66%
30.82%
30.68%
35.08%
37.18%
38.07%
40.14%
41.45%
41.23%
39.75%
40.19%
40.09%
40.10%
40.17%
40.12%
Others
21.36%
21.25%
21.62%
20.02%
16.75%
16.65%
16.42%
24.15%
18.03%
17.87%
18.02%
13.17%
17.97%
9.17%
5.48%
3.52%
3.16%
4.28%
4.12%
4.07%
3.97%
4.02%
3.98%
No. of Shareholders
0
2,36,276
2,34,783
2,93,017
3,65,193
5,05,992
6,47,569
7,03,202
7,06,678
6,91,513
7,80,818
7,95,420
10,75,990
13,22,740
20,63,340
19,80,550
19,61,970
19,73,220
20,77,830
20,51,560
19,86,080
19,43,760
19,11,790

Documents

Frequently Asked Questions about RattanIndia Power Ltd

What does RattanIndia Power Ltd do?
RattanIndia Power Limited is one of India’s largest private power generation company, with installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India. [1]
Where is RattanIndia Power Ltd (RTNPOWER) listed?
RattanIndia Power Ltd is listed on the Indian stock exchanges. It is listed on NSE: RTNPOWER and BSE: 533122. You can view its live share price, financials, and ratios on Tapetide.
Which sector does RattanIndia Power Ltd belong to?
RattanIndia Power Ltd operates in the Power sector within the Integrated Power Utilities industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of RattanIndia Power Ltd?
RattanIndia Power Ltd has a market capitalisation of approximately ₹4269.23 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of RattanIndia Power Ltd?
The Price-to-Earnings (PE) ratio of RattanIndia Power Ltd is 37.86. 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 Power Ltd?
Over the past 52 weeks, RattanIndia Power Ltd has traded between a low of ₹7.52 and a high of ₹12.84. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of RattanIndia Power Ltd?
RattanIndia Power Ltd has a Return on Equity (ROE) of 4.84%. 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 Power Ltd on Tapetide?
On Tapetide, you can view RattanIndia Power 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 Power Limited is one of India’s largest private power generation company, with installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India. [1]

Website rattanindiapower.com
CEO Mr. Rajiv Rattan
Employees 522
Listed 2009-10-30
Face Value ₹ 10
Issued Size 5,37,01,05,860

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