RattanIndia Power Limited
₹6.37+₹0.01 (+0.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,785 Cr
- P/E
- 60.1x
- EV / EBITDA
- -31.6x
- Revenue
- ₹3,284 Cr
- Net margin
- -30.6%
- ROCE
- 7.8%
Price chart
Technical chartScreen technicals →-44.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -7.5%
- 3M
- -24.1%
- 6M
- -37.1%
- 1Y
- -44.1%
- 5Y
- +62.9%
52-week range
Day change +₹0.01 (+0.2%) from ₹6.36 to ₹6.37 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in RTNPOWER, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong cash conversion — FCF/PAT ratio of 2.30
Concerns1
- Low interest coverage ratio of 1.1x
Rule-based from financial data. Not advice.
About the company
RattanIndia Power Limited, together with its subsidiary, Poena Power Development Limited, engages in power generation, distribution, trading and transmission, and other ancillary and incidental activities in India. It generates electricity through coal-based thermal power plants with an installed capacity of 2,700 MW located in Amravati and Nasik cities. The company also trades electricity in the open market.
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RattanIndia Power Limited, together with its subsidiary, Poena Power Development Limited, engages in power generation, distribution, trading and transmission, and other ancillary and incidental activities in India. It generates electricity through coal-based thermal power plants with an installed capacity of 2,700 MW located in Amravati and Nasik cities. The company also trades electricity in the open market. The company was formerly known as Indiabulls Power Limited and changed its name to RattanIndia Power Limited in October 2014. RattanIndia Power Limited was incorporated in 2007 and is based in New Delhi, India.
- Sector
- Energy
- Shares outstanding
- 537 Cr shares
- ISIN
- INE399K01017
- BSE code
- 533122
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,785 Cr
- P/E
- 60.1x
- P/B
- 1.0x
- EV / EBITDA
- -31.6x
- EV / Sales
- 2.3x
- P/S
- 1.4x
- Earnings yield
- 1.7%
- 52-week high
- ₹11.45
- 52-week low
- ₹6.07
Profitability
- Operating margin
- 18.8%
- Net margin
- -30.6%
- EBITDA margin
- -7.2%
- ROE
- -22.4%
- ROCE
- 7.8%
- ROA
- -10.5%
- Dividend payout
- 0.0%
- Tax rate
- -2.0%
- Other income, % of PBT
- 83.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,284 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹243 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -121.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -121.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,333 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹57.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -12.1%
Solvency and efficiency
- Current ratio
- 2.03
- Debt / Equity
- 0.78
- Debt / Assets
- 0.36
- Debt / EBITDA
- -14.66
- Interest coverage
- 1.11
- Financial leverage
- 2.14
- CFO / Net profit
- -1.30
- Cash / Market cap
- 69.7%
- Cash per share
- ₹6.21
- Asset turnover
- 0.34
- Fixed asset turnover
- 0.53
- Capital intensity
- 1.90
- Debtor days
- 224 days
- Cash conversion cycle
- 224 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹7 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,736 Cr |
| Sales | Operating profit | ₹548 Cr |
| Operating profit | Interest | ₹479 Cr |
| Operating profit | Depreciation | ₹69 Cr |
| Other income | Depreciation | ₹178 Cr |
| Other income | Profit before tax | ₹215 Cr |
| Profit before tax | Net profit | ₹216 Cr |
Revenue and net profit
Revenue fell 2.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,560 Cr | ₹97 Cr |
| FY2022 | ₹3,260 Cr | ₹348 Cr |
| FY2023 | ₹3,231 Cr | ₹333 Cr |
| FY2024 | ₹3,364 Cr | -₹1,028 Cr |
| FY2025 | ₹3,284 Cr | ₹216 Cr |
Cash flows
FY2025: ₹410 Cr from operations, ₹497 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹700 Cr | ₹844 Cr |
| FY2022 | ₹940 Cr | ₹999 Cr |
| FY2023 | ₹1,024 Cr | ₹1,008 Cr |
| FY2024 | ₹1,333 Cr | ₹868 Cr |
| FY2025 | ₹410 Cr | ₹497 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,284 Cr-2.4%1Y
- Net profit
- ₹216 Cr
- Cash from operations
- ₹410 Cr
- Free cash flow
- ₹497 Cr-42.7%1Y
- Revenue CAGR, 5Y
- 13.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,284 Cr | ₹548 Cr | — | ₹216 Cr | ₹410 Cr | ₹497 Cr | 4.5% | -2.4% | -121.0% |
Monthly returns
Month-by-month returns of RTNPOWER across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹10,006 Cr |
| Equity capital | ₹5,370 Cr |
| Reserves | -₹575 Cr |
| Borrowings | ₹3,615 Cr |
| Other liabilities | ₹1,596 Cr |
| Assets | ₹10,006 Cr |
| Fixed assets | ₹6,216 Cr |
| Capital work in progress | ₹65 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹3,724 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
RTNPOWER trades at 60.1x earnings against a peer median of 24.8x (a 142% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| RattanIndia Power LimitedRTNPOWERthis companyP/E ↑ premium | ₹4,785 Cr | 60.1x | 1.0x | -22.4% | -31.6x |
| INOX GREEN ENERGY SERVICES LIMITEDINOXGREEN | ₹7,018 Cr | 153.0x | 3.3x | 0.9% | 74.3x |
| MOIL LimitedMOIL | ₹6,920 Cr | 23.0x | 2.6x | 11.9% | 12.5x |
| BOROSIL RENEWABLES LIMITEDBORORENEW | ₹6,911 Cr | 55.1x | 7.3x | -2.0% | 60.3x |
| Gulf Oil Lubricants India LimitedGULFOILLUB | ₹5,590 Cr | 15.0x | 3.4x | 23.8% | 11.5x |
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDSWSOLAR | ₹4,730 Cr | 15.6x | 10.1x | 3.2% | 12.6x |
| PTC India LtdPTC | ₹4,693 Cr | 10.8x | 1.0x | 8.9% | 7.2x |
| ELLENBARRIE INDUSTRIAL GASES LIMITEDELLEN | ₹3,959 Cr | 45.4x | 4.3x | 11.0% | 49.4x |
| TRUALT BIOENERGY LIMITEDTRUALT | ₹3,168 Cr | 27.6x | — | 13.0% | 19.1x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
RTNPOWER since 1 January, against earlier years.
Historical volatility
RTNPOWER's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 24.0% |
| FY2022 | 25.0% |
| FY2023 | 23.0% |
| FY2024 | 19.0% |
| FY2025 | 17.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,284 Cr |
| Costs | |
| Interest | ₹479 Cr |
| Expenses | ₹2,736 Cr |
| Operating profitOperating Profit | ₹548 Cr |
| Other income and charges | |
| Profit before tax | ₹216 Cr |
| Tax | |
| Net profitNet Profit | ₹216 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹10,006 Cr |
| Equity capitalEquity Capital | ₹5,370 Cr |
| Reserves | -₹575 Cr |
| Borrowings | ₹3,615 Cr |
| Other liabilitiesOther Liabilities | ₹1,596 Cr |
| AssetsTotal Assets | ₹10,006 Cr |
| Fixed assetsFixed Assets | ₹6,216 Cr |
| Capital work in progressCWIP | ₹65 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹3,724 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹410 Cr |
| Investing cash flowCash from Investing Activity | ₹87 Cr |
| Financing cash flowCash from Financing Activity | -₹440 Cr |
| Change in cashNet Cash Flow | ₹57 Cr |
Learn while you research
Academy chapters picked for RattanIndia Power Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 60.1, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read