RTNPOWERPower

RattanIndia Power Limited

Power Generation · ISIN INE399K01017 · BSE 533122 · NSE EQ · FV ₹10
Last price
₹7
+0.43%today
What this company does

RattanIndia Power Limited operates in Power Generation, part of the Power sector. It booked ₹799 cr of revenue in its latest quarter (Q1 FY27) and kept 5.7% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 19–21 companies that reported it.

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

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns13

How much profit it earns on the money it employs

Balance sheet57

How much it owes, and whether earnings cover the interest

Cash quality100

Whether reported profit actually arrives as cash · highest in its sector on what we could measure

Growth & consistency19

Whether sales and profit have grown, and how steadily

Valuation68

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 44%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 5.7% net margin
! Low 4.0% return on equity

What if I invest in RTNPOWER?

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 We do not publish price targets or predict returns.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
₹7 +0.43%
latest close · 2026-09-17
1-year return
+45.6%
52-wk low ₹352-wk high ₹9
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/E ratio19.6Average
LowAverageHigh
P/B ratio0.82Below book
Below bookModerateHigh
EV / EBITDA9.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.0%Weak
WeakFairStrong ▸15%
Return on capital6.5%Weak
WeakFairStrong
Net margin5.7%Decent
ThinDecentStrong
EBITDA margin24.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.78Moderate
LowModerateHigh ▸1
Interest cover1.5×Risky
RiskyOkayStrong ▸5×
Current ratio2.24Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,791 cr
Book value
₹9
EPS
₹0.09
latest quarter
Net debt
₹3,627 cr
owes more than its cash
Enterprise value
₹7,418 cr
EBITDA
₹771 cr
annualised
EBIT
₹527 cr
annualised
Operating margin
16.5%
Return on assets
1.9%
Earnings yield
5.10%
P/S
1.19
Sales / share
₹5.9
Tax rate
0.0%
Face value
₹10
Shares
537.0 cr
Working capital
₹1,812 cr
Current assets
₹3,269 cr
Current liabilities
₹1,457 cr
Delivery %
46.5%
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 2026-09-17.

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 ₹2₹4, midpoint ₹3

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 · Q1 FY27 (consolidated)
Revenue from Operations₹799 cr
Other Income₹68 cr
Total Income₹866 cr
Cost of Materials₹611 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹19 cr
Finance Costs₹86 cr
Depreciation & Amortisation₹61 cr
Other Expenses₹44 cr
Total Expenses₹821 cr
Profit before Tax₹46 cr
Tax Expense₹0 cr
Net Profit₹46 cr
Net margin on total income5.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹611 cr70.5%
Employee benefit expense₹19 cr2.2%
Finance costs₹86 cr9.9%
Depreciation & amortisation₹61 cr7.0%
Other expenses₹44 cr5.0%
Profit for the period₹46 cr5.3%
Total income ₹866 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue728 cr788 cr799 cr
Total income827 cr855 cr866 cr
Expenses772 cr812 cr821 cr
Profit before tax54 cr43 cr46 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)54 cr43 cr46 cr
Net margin (owners' share, on revenue)7.5%5.4%5.7%
EPS (₹)0.100.080.09
YoY (latest quarter): total income -5.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹9,613 cr
Shareholder equity
₹4,638 cr
parent shareholders
Total debt
₹3,637 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹374 cr
Investing
₹6 cr
Financing
₹14 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
44.1%
FII / Foreign
5.3%
DII / Domestic
6.6%
Retail / others
44.1%
Smart-money activity
Insider trades
BoughtRattanIndia Enterprises Limited · Promoters1.02 cr · ₹8.3 cr24 Mar 26
SoldRR Infralands Private Limited · Promoters1.02 cr · ₹8.3 cr24 Mar 26
SoldRattanIndia Enterprises Limited · Promoters60.40 L · ₹3.2 cr30 Mar 22
Bulk / block deals
short · NSE69527 Aug 26
short · NSE512 Aug 26
short · NSE2,0008 Jun 26
Stake changes
BoughtRajiv Rattan Family Trust, Rajiv Rattan Family Trust, 2, Anjali nashier Family Trust, Rajiv Rattan Family Trust, 2 · promoter→ 0.00%21 Nov 25
BoughtRajiv Rattan, Anjali nashier · promoter→ 0.00%21 Nov 25
SoldVistra ITCL ( India) ltd→ 0.00% · 139.62 cr5 Aug 25
Promoter pledges
PledgedVistra ITCL (India) Limited79.55 cr · 0.00% held4 Jul 23
PledgedVistra ITCL (India) Limited130.21 cr · 0.00% held4 Jul 23
ReleasedRattanindia Enterprises Limited104.05 cr · 19.38% held28 Jun 23
What shareholders were asked to approve
1 proposal passed only on promoter votes

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 · 26 Sep 2025
See the official result
1
To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.
⚑ Passed only because promoters voted yes
Backed by 5% of shareholders other than promotersneeded 50%
1.18 cr votes for, 24.70 cr against · 100% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Himanshu Mathur (DIN: 03077198), who is liable to retire by rotation and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
25.56 cr votes for, 38.90 L against · 1% of mutual funds and other big investors said no
3
Approval of payment of Remuneration to Mr. Ajay Kumar Tandon, an Independent Director.
Backed by 96% of shareholders other than promotersneeded 75%
24.95 cr votes for, 99.60 L against · 4% of mutual funds and other big investors said no
4
Appointment of Mr. Ravi Kumar Pakalapati (DIN: 11178447) as a Whole Time Director of the Company.
Backed by 95% of shareholders other than promotersneeded 75%
24.57 cr votes for, 1.39 cr against · 5% 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 — 9 named members
owning 44.1% between them · as of 2026-06-30
RR INFRALANDS PRIVATE LIMITED24.06%
RATTANINDIA ENTERPRISES LIMITED20.00%
Anjali Nashier Family Trustno shares
Anjali Nashier Family Trust 2no shares
HELIOTROPE REAL ESTATE PRIVATE LIMITEDno shares
JARUL INFRASTRUCTURE PRIVATE LIMITEDno shares
Rajiv Rattanno shares
Rajiv Rattan Family Trustno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹310 cr to companies in the promoter group last year — about 9.4% of its ₹3,284 cr revenue and received ₹3 cr back from them.
RR Infralands Private Limited
Other payments to them · Loan / inter corporate deposit taken, Cost sharing payable & Interest expenses (fair value impact)
also owns 24.06% of the company
₹302 cr
company paid
Rajiv Rattan
Other payments to them · Short-term employee benefits & Post employment benefits
₹7 cr
company paid
RattanIndia Enterprises Limited
Other income from them · Services cost & Cost sharing recoverable
also owns 20.00% of the company
₹3 cr
company received
RattanIndia Enterprises Limited
Paid them for services · Services cost & Cost sharing recoverable
also owns 20.00% of the company
₹1 cr
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.