RTNINDIAConsumer Services

RattanIndia Enterprises Limited

E-Retail/ E-Commerce · ISIN INE834M01019 · BSE 534597 · NSE EQ · FV ₹2
Last price
₹25
+1.48%today
What this company does

RattanIndia Enterprises Limited operates in E-Retail/ E-Commerce, part of the Consumer Services sector. It booked ₹2,062 cr of revenue in its latest quarter (Q2 FY27) and kept -1.2% of sales as profit. It is the 9th largest of 9 E-Retail/ E-Commerce companies we track, by market value.

“Shaping The Next At the intersection of innovation and opportunity stands RattanIndia Enterprise Ltd, a dynamic force reshaping industries through cutting-edge ventures in e-commerce, retail, electric motorbikes and drone technology. As India accelerates toward a $5 trillion economy, we’re not just adapting to change, we’re driving it.”
In the report:
36out of 100
Equitytale Health Score
Strained

Healthier than 36% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 8–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
49

At close. Not part of the score.

Profitability & returns11

How much profit it earns on the money it employs

Balance sheet5

How much it owes, and whether earnings cover the interest

Cash quality52

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation58

What today's price implies, against our models or its peers

Governance & risk73

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 75%
Watch-outs
! Currently loss-making
! Thin -1.2% net margin
! 15.7% of promoter stake pledged
! Low -12.8% return on equity
! Carries high debt (D/E 1.6)
! Operating cash flow is negative

What if I invest in RTNINDIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹25▲ +1.48%
latest close · 2026-11-04
1-year return
-42.5%
52-wk low ₹2352-wk high ₹66
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio4.59High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-12.8%Loss
WeakFairStrong ▸15%
Net margin-1.2%Loss
ThinDecentStrong
EBITDA margin-0.3%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.58High
LowModerateHigh ▸1
Interest cover-0.4×Risky
RiskyOkayStrong ▸5×
More figures
Market cap
₹3,500 cr
Book value
₹6
EPS
₹-0.18
latest quarter
Net debt
₹1,183 cr
owes more than its cash
Enterprise value
₹4,682 cr
EBITDA
₹-24 cr
annualised
EBIT
₹-37 cr
annualised
Operating margin
-0.5%
Return on assets
-2.9%
Earnings yield
—
P/S
0.42
Sales / share
₹59.7
Tax rate
—
Face value
₹2
Shares
138.2 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
44.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹0–₹0, midpoint ₹0

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹2,062 cr
Other Income₹2 cr
Total Income₹2,064 cr
Cost of Materials₹54 cr
Purchases of Stock-in-Trade₹1,810 cr
Inventory Change (±)₹-231 cr
Employee Benefit Expense₹40 cr
Finance Costs₹21 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹36 cr
Total Expenses₹2,094 cr
Profit before Tax₹-30 cr
Tax Expense₹2 cr
Share of JV / Associates₹8 cr
Net Profit₹-24 cr
Net margin on total income-1.2%
Where the money goes · Q2 FY27
% of total spend
Materials + stock-in-trade₹1,633 cr77.9%
Employee benefit expense₹40 cr1.9%
Finance costs₹21 cr1.0%
Depreciation & amortisation₹3 cr0.2%
Other expenses₹397 cr18.9%
Tax expense₹2 cr0.1%
Total income ₹2,064 cr

The company made a net loss of ₹24 cr this quarter — income covered only ₹98 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,697 cr1,870 cr2,062 cr
Total income1,698 cr1,871 cr2,064 cr
Expenses1,822 cr1,852 cr2,094 cr
Profit before tax-123 cr19 cr-30 cr
Tax-13 cr13 cr2 cr
Net profit (owners' share)-110 cr15 cr-24 cr
Net margin (owners' share, on revenue)-6.5%0.8%-1.2%
EPS (₹)-0.800.11-0.18
YoY (latest quarter): total income -3.0% · net profit —
Balance sheet & cash flow · as of Sep 2026
High debt
Total assets
₹3,313 cr
Shareholder equity
₹763 cr
parent shareholders
Total debt
₹1,210 cr
Cash
₹27 cr
Cash flow · H1 FY27
Operating
₹-156 cr
Investing
₹3 cr
Financing
₹107 cr
Peer comparison
E-Retail/ E-Commerce · by market value
CompanyPriceMarket capP/E
ETERNAL LIMITED₹349₹3.22 L cr624.0
Meesho Limited₹223₹1.03 L cr—
FSN E-Commerce Ventures Limited₹354₹1.01 L cr316.0
Swiggy Limited₹177₹46,301 cr—
Urban Company Limited₹159₹23,639 cr—
Cartrade Tech Limited₹2,498₹12,146 cr50.8
Brainbees Solutions Limited₹163₹7,916 cr—
Rentomojo Limited₹549₹5,510 cr175.8
RattanIndia Enterprises Limitedthis company₹25₹3,449 cr—
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
⚑ 15.7% pledged
Promoter
74.9%
FII / Foreign
5.4%
DII / Domestic
0.0%
Retail / others
19.7%
Smart-money activity
Insider trades
BoughtRattanIndia Enterprises Limited Employee Welfare Trust · Other3.34 L · ₹1.1 cr28 Mar 23
BoughtRattanIndia Enterprises Limited Employee Welfare Trust · Other7.14 L · ₹2.5 cr23 Mar 23
BoughtRattanIndia Enterprises Limited Employee Welfare Trust · Other2.19 L · ₹79.1 L20 Mar 23
Bulk / block deals
short— · NSE1,0008 Sep 26
short— · NSE9,0006 Aug 26
short— · NSE50024 Jul 26
Stake changes
BoughtRajiv Rattan Family Trust, Rajiv Rattan Family Trust, 2, Anjali nashier Family Trust, Rajiv Rattan Family Trust, 2 · promoter→ 74.86%21 Nov 25
BoughtRajiv Rattan · promoter→ 0.13%21 Nov 25
Promoter pledges
ReleasedIIFL Wealth Prime Limited, the party in whose favor the shares are encumberd5.26 cr · 9.82% held5 Feb 24
PledgedMitcon Credentia Trusteeship Services Ltd1.07 cr · 8.45% held26 Jul 23
ReleasedIIFL Wealth Prime Limited4.25 cr · 11.53% held24 May 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.52 cr votes for, 36,816 against · 0% of mutual funds and other big investors said no
2
To consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
9.52 cr votes for, 36,350 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Rajesh Kumar (DIN: 03291545) who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
9.52 cr votes for, 81,360 against · 0% of mutual funds and other big investors said no
4
To approve payment of remuneration to Mr. Rajiv Rattan, Non-executive Chairman and Promoter of the company and for holding an office or place of profit
Backed by 100% of shareholders other than promotersneeded 75%
9.52 cr votes for, 81,360 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 74.9% between them · as of 2026-09-30
LAUREL ENERGETICS PRIVATE LIMITED39.31%
ARBUTUS CONSULTANCY LLP27.79%
YANTRA ENERGETICS PRIVATE LIMITED7.58%
RAJIV RATTAN0.13%
RAM KUMAR0.04%
SANTOSH0.02%
ANJALI NASHIER FAMILY TRUSTno shares
ANJALI NASHIER FAMILY TRUST 2no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.