MarketFriction

RattanIndia Power Ltd

NSE RTNPOWER · BSE 533122 · Power Generation
₹6.74 -2.18%
NSE close2026-10-01
52 week range6.71 - 11.94
Market cap₹3,684 Cr.
P/E33.1
Microcap 250 Price band 20% Delivery 45.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales796806914932682733936822654728788799
Expenses685635708743588643724725602601658674
Operating Profit11117220618994902129752127130125
OPM %14%21%23%20%14%12%23%12%8%18%16%16%
Other Income888210,717858991929990996768
Interest7267192391211241161181481121109186
Depreciation10510669596061606161616461
Profit before tax-632-57210,61593-14126-13-32544346
Tax %0%3%-0%0%0%0%0%0%0%0%0%0%
Net Profit-633-58710,66693-14126-13-32544346
EPS in Rs-1.18-1.0919.860.17-0.000.010.23-0.02-0.060.100.080.09
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,5961,3912,0541,9241,7741,5603,2603,2313,3643,2842,9912,968
Expenses1,6436781,4991,3721,2669202,4572,4932,7182,6992,5862,534
Operating Profit953712555551508640803738646585405434
OPM %37%51%27%29%29%41%25%23%19%18%14%15%
Other Income81155148-1,1552,8781,074-2832810,976357355324
Interest1,2041,2381,9542,3042,8052,2412,3422,5122,363479461399
Depreciation236254400420417416414404382241246247
Profit before tax-406-624-1,650-3,328165-942-1,981-1,8498,87622252111
Tax %6%1%1%0%0%0%0%1%-0%0%0%
Net Profit-432-631-1,663-3,328165-942-1,981-1,8708,89722252111
EPS in Rs-1.46-2.13-5.63-11.240.33-1.75-3.69-3.4816.570.410.100.21
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%14%-3%-6%
Compounded Profit Growth8%16%27%-4%
Stock Price CAGR-2%9%0%-40%
Return on Equity%%%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2,9532,8452,8452,9452,9534,9405,3705,3705,3705,3705,3705,370
Reserves2,1441,9021,223-447-3,711-4,510-5,995-8,032-9,903-1,006-785-732
Borrowings12,21613,55214,70214,63313,87112,51012,25511,54711,0183,5623,6153,711
Other Liabilities1,3722,2252,4204,2386,3286,1566,9858,77310,8871,6401,5961,265
Total Liabilities18,68420,52521,19121,37019,44119,09518,61517,65817,3729,5669,7969,613
Fixed Assets8,7959,26810,79315,01114,59214,41013,99513,38113,0516,4126,2536,103
CWIP6,6746,6596,3392,2832,3541,5841,5741,1421,110676521
Investments2007010193275048000
Other Assets3,1954,5983,9884,0662,3012,8263,0463,1313,2033,0873,4783,489
Total Assets18,68420,52521,19121,37019,44119,09518,61517,65817,3729,5669,7969,613
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-185111,2062158366107369341,0151,306410372
Cash from Investing Activity-237-108-493-107-161-9110159-5-4628766
Cash from Financing Activity372169-722-235-801-476-795-956-977-902-440-605
Net Cash Flow-4971-9-127-12744423733-5857-168
Free Cash Flow-962-160784-518155957339239851,207293294
CFO/OP-698%2%170%40%152%120%109%117%137%203%70%89%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days120120208236237316457281282224271336
Inventory Days
Days Payable
Cash Conversion Cycle120120208236237316457281282224271336
Working Capital Days-796-83-580-741-1,318-973-1,457-1,048-1,757124198212
ROCE %-1%4%3%2%2%2%11%8%9%8%9%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%
FIIs0.48%0.76%2.04%3.69%4.39%5.01%5.25%4.95%5.12%5.23%5.13%5.25%
DIIs7.14%6.89%6.61%6.57%6.57%6.53%6.65%6.67%6.65%6.65%6.62%6.58%
Public48.31%48.28%47.29%45.67%44.96%44.40%44.03%44.31%44.16%44.06%44.20%44.10%
No. of Shareholders7,95,42010,75,98713,22,74520,63,33719,80,55219,61,97219,73,22420,77,82820,51,56519,86,07719,43,75619,11,791

Fundamentals

Market Cap₹ 3,684 Cr.
Current Price₹ 6.87
Stock P/E33.1
Book Value₹ 8.64
ROCE6.21 %
ROE1.14 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-4%
Consolidated figures.
Valuation
Market capRs 3,619 Cr
Enterprise valueRs 7,255 Cr
P/E (TTM)32.49x
Price to book0.78x
Price to sales1.22x
EV / EBITDA9.58x
EV / EBIT14.21x
EV / sales2.44x
Price to cash flow9.72x
Earnings yield3.08%
P/E, 3-year average33.87x
P/B, 3-year average1.01x
P/E, 5-year average33.87x
P/B, 5-year average0.32x
Profitability
Operating margin (excl. other income)13.56%
Operating margin (incl. other income)25.41%
EBITDA margin25.52%
Pre-tax margin3.75%
Net profit margin3.75%
Net margin, latest quarter5.74%
ROE1.14%
ROCE6.21%
ROA0.54%
ROE, 3-year average-3506.70%
ROCE, 3-year average56.96%
ROA, 3-year average22.96%
ROE, 5-year average-2069.51%
ROCE, 5-year average36.60%
ROA, 5-year average9.46%
ROIC (approx.)6.17%
Other income / net worth7.65%
Growth
Sales growth (latest year)-8.91%
Profit growth (latest year)-76.37%
Sales CAGR, 3 years-2.54%
Sales CAGR, 5 years13.91%
Sales growth QoQ1.38%
Profit growth QoQ7.03%
Sales growth YoY (latest quarter)-2.85%
Per share
EPS (TTM)Rs 0.21
EPS (latest year)Rs 0.10
EPS (latest quarter)Rs 0.09
EPS, 3-year averageRs 5.69
EPS, 5-year averageRs 1.98
Book value per shareRs 8.64
Sales per shareRs 5.53
Cash flow per shareRs 0.69
Free cash flow per shareRs 0.55
Efficiency
Asset turnover0.31x
Fixed asset turnover0.49x
Inventory turnover11.95x
Inventory days31 days
Debtor days336 days
Debtors turnover1.08x
Cash conversion cycle336 days
Working capital days212 days
Leverage
Total debtRs 3,711 Cr
Cash and bankRs 75 Cr
Net debtRs 3,635 Cr
Debt to equity0.80x
Net debt / EBITDA4.80x
Interest coverage1.28x
Current ratio (filing 2026-03-31)2.24x
Quick ratio (filing 2026-03-31)2.11x
Trade payables (filing 2026-03-31)Rs 154 Cr
Owners' fund to total sources48.24%
Debt to assets38.60%
Cash flow
Cash from Operating Activity (latest year)Rs 372 Cr
Cash from Investing Activity (latest year)Rs 66 Cr
Cash from Financing Activity (latest year)Rs -605 Cr
Net Cash Flow (latest year)Rs -168 Cr
Free cash flow (latest year)Rs 294 Cr
FCFE (approx.: FCF + change in debt)Rs 390 Cr
Cash from ops / profit, 5 years0.76x
Sales to cash flow8.04x
Statement figures
Net sales (TTM)Rs 2,968 Cr
Net sales (latest year)Rs 2,991 Cr
Sales (latest quarter)Rs 799 Cr
Operating profit excl. other income (latest year)Rs 405 Cr
Operating profit (latest quarter)Rs 125 Cr
Other income (TTM)Rs 324 Cr
EBITDA (TTM)Rs 757 Cr
PBDT (TTM)Rs 358 Cr
Profit before tax (TTM)Rs 111 Cr
Net profit (TTM)Rs 111 Cr
Net profit (latest year)Rs 52 Cr
Net profit (latest quarter)Rs 46 Cr
Depreciation (TTM)Rs 247 Cr
Depreciation (latest quarter)Rs 61 Cr
Interest (TTM)Rs 399 Cr
Cost of goods sold (latest year)Rs 2,415 Cr
Total expenditure (latest year)Rs 2,586 Cr
Total income (latest year)Rs 3,346 Cr
Share capitalRs 5,370 Cr
ReservesRs -732 Cr
Shareholders' fundsRs 4,638 Cr
Total assetsRs 9,613 Cr
Net blockRs 6,103 Cr
Capital work in progressRs 21 Cr
ReceivablesRs 2,757 Cr
InventoryRs 202 Cr
Other liabilitiesRs 1,265 Cr
Shares outstanding (crore)537.01
Ownership
Promoter holding44.06% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.5 is at the 63th percentile of its own 3.4-year range (median 10.2, low 0.4, high 101.0).
P/B 0.78 is at the 22th percentile (median 1.11).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRTNPOWERNifty 50Difference
1 week-4.0%-2.8% -1.2 pts
1 month-9.5%-6.8% -2.7 pts
3 months-26.4%-7.6% -18.8 pts
6 months-10.8%+0.4% -11.3 pts
1 year-42.8%-9.9% -32.9 pts
2 years-55.6%-13.6% -42.0 pts
3 years-2.3%+14.2% -16.5 pts
5 years+54.9%+27.9% +27.1 pts
6 mutual fund schemes hold about ₹5 Cr. Over three months 6 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.21%5 +5%
Groww Nifty Total Market Index Fund0.01%0 +13%
Angel One Nifty Total Market Index Fund0.01%0 +11%
Motilal Oswal BSE 1000 Index Fund0.01%0 +13%
Mirae Asset Nifty Total Market Index Fund0.01%0 +13%
Bandhan Nifty Total Market Index Fund0.01%0 +11%

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 23% of net profit over the last 3 years
explainLow interest cover Interest cover 1.1x in 2026
lookProfit leans on other income Other income was 676% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹799 Cr -2.8% vs Jun 2025. Net profit ₹46 Cr +453.8%.
Against our estimate for Jun 2026: sales +5.9%, profit +214.8% in line. Our estimate for Sep 2026: sales Rs 593 Cr, profit Rs 33 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-13 Annual General Meeting
2020-09-18 Annual General Meeting
2019-09-16 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-11 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-22 Annual General Meeting
2014-09-23Annual General Meeting
2013-09-20Annual General Meeting
2012-09-21Annual General Meeting
2011-09-22Annual General Meeting
2010-09-22Annual General Meeting
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of RattanIndia Power Ltd?

RattanIndia Power Ltd (RTNPOWER) has a market capitalisation of Rs 3,684 Cr. at the 2026-10-01 close.

What is the P/E ratio of RattanIndia Power Ltd?

RattanIndia Power Ltd trades at a P/E of 33.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were RattanIndia Power Ltd's latest quarterly results?

In the Jun 2026 quarter, RattanIndia Power Ltd sales was Rs 799 Cr (-2.8% vs Jun 2025) and net profit was Rs 46 Cr.

What is the 52-week high and low of RattanIndia Power Ltd?

The 52-week high is Rs 11.94 and the 52-week low is Rs 6.71.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03