RattanIndia Power Ltd

RattanIndia Pow. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

RattanIndia Power Ltd

₹ 10.4 -1.14%
07 Nov - close price
rattanindiapower.com BSE: 533122 NSE: RTNPOWER
About

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]

Key Points

Company History
The Company was incorporated in the year 2007 as Sophia Power Company Limited, originally as a part of the Indiabulls group. The company changed its name to Indiabulls Power Limited after its listing on NSE as well as BSE in 2009. In 2014, after the group split, the company, along with Indiabulls Infrastructure and Power Limited, was carved out of the group and renamed as RattanIndia Power Limited. [1]

Website BSE NSE
  • Market Cap ₹ 5,574 Cr.
  • Current Price ₹ 10.4
  • High / Low ₹ 16.9 / 8.44
  • Stock P/E 70.0
  • Book Value ₹ 8.84
  • Dividend Yield 0.00 %
  • ROCE 8.39 %
  • ROE 4.61 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.17 times its book value

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 5.03% over last 3 years.
  • Earnings include an other income of Rs.409 Cr.
  • Company has high debtors of 271 days.
  • Working capital days have increased from 139 days to 198 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Utilities Power Power Power Generation

Part of BSE SmallCap BSE Allcap BSE Utilities Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
638 850 901 847 796 806 914 932 682 733 936 822 654
516 647 683 693 688 634 718 752 598 652 733 734 611
Operating Profit 122 202 218 155 109 172 196 179 85 81 203 88 42
OPM % 19% 24% 24% 18% 14% 21% 21% 19% 12% 11% 22% 11% 6%
84 90 95 95 95 90 -1,155 94 98 100 101 108 99
Interest 138 138 130 136 165 141 125 121 124 116 118 148 112
Depreciation 57 57 52 57 59 60 61 61 62 63 61 62 62
Profit before tax 11 97 131 56 -20 61 -1,145 92 -3 3 124 -15 -33
Tax % 0% 0% 16% 25% 5% 24% -4% 0% 0% 0% 0% 0% 0%
11 97 110 42 -22 46 -1,094 92 -3 3 124 -15 -33
EPS in Rs 0.02 0.18 0.21 0.08 -0.04 0.09 -2.04 0.17 -0.01 0.01 0.23 -0.03 -0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
379 617 2,541 1,334 2,015 1,909 1,774 1,560 3,260 3,231 3,364 3,284 3,145
271 506 1,569 600 1,415 1,236 1,181 1,188 2,452 2,472 2,732 2,736 2,731
Operating Profit 108 112 972 735 600 673 593 372 808 759 632 548 414
OPM % 28% 18% 38% 55% 30% 35% 33% 24% 25% 23% 19% 17% 13%
14 34 99 169 224 -2,157 2,887 617 353 350 -875 393 409
Interest 129 362 984 1,017 997 1,075 1,354 664 586 534 568 479 494
Depreciation 65 123 195 208 239 233 228 228 227 222 237 247 248
Profit before tax -73 -340 -108 -321 -411 -2,792 1,899 97 348 353 -1,048 216 80
Tax % 3% 0% 0% 0% 2% 0% 0% 0% 0% 6% -2% 0%
-75 -340 -108 -321 -418 -2,792 1,899 97 348 333 -1,028 216 80
EPS in Rs -0.28 -1.15 -0.37 -1.09 -1.42 -9.45 3.84 0.18 0.65 0.62 -1.91 0.40 0.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 13%
3 Years: 0%
TTM: -6%
Compounded Profit Growth
10 Years: 10%
5 Years: 18%
3 Years: -15%
TTM: -72%
Stock Price CAGR
10 Years: 3%
5 Years: 40%
3 Years: 36%
1 Year: -25%
Return on Equity
10 Years: -2%
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2,643 2,953 2,953 2,953 2,953 2,953 4,940 5,370 5,370 5,370 5,370 5,370 5,370
Reserves 2,648 2,362 2,325 2,005 1,654 -1,135 -189 -441 -93 238 -790 -575 -622
5,749 6,819 7,778 8,030 7,761 6,979 5,491 4,958 4,414 3,881 3,562 3,615 3,854
487 641 1,094 1,188 2,080 3,118 1,584 1,423 1,529 1,639 1,640 1,596 1,577
Total Liabilities 11,527 12,774 14,150 14,176 14,449 11,916 11,825 11,310 11,220 11,128 9,782 10,006 10,178
2,867 6,785 7,372 7,415 7,424 7,193 6,968 6,741 6,533 6,384 6,381 6,216 6,118
CWIP 4,541 1,518 906 737 650 646 99 99 109 77 67 65 77
Investments 2,427 2,758 3,141 3,372 3,529 1,760 1,831 1,227 1,263 1,241 0 0 0
1,691 1,714 2,730 2,651 2,845 2,316 2,927 3,242 3,315 3,425 3,333 3,724 3,984
Total Assets 11,527 12,774 14,150 14,176 14,449 11,916 11,825 11,310 11,220 11,128 9,782 10,006 10,178

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
791 89 271 1,220 320 854 616 700 940 1,024 1,333 410
-1,540 -671 -553 -470 244 -148 -101 144 59 -16 -465 87
820 610 104 -701 -502 -812 -472 -795 -963 -978 -926 -440
Net Cash Flow 71 28 -178 50 62 -107 42 49 36 30 -58 57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 118 122 123 216 241 236 316 457 281 282 224 271
Inventory Days
Days Payable
Cash Conversion Cycle 118 122 123 216 241 236 316 457 281 282 224 271
Working Capital Days -366 -750 -174 -532 -471 -590 252 411 107 94 124 198
ROCE % 1% 0% 7% 5% 4% 6% 6% 8% 10% 9% 9% 8%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06%
0.29% 0.30% 0.31% 0.48% 0.76% 2.04% 3.69% 4.39% 5.01% 5.25% 4.95% 5.12%
7.20% 7.20% 7.20% 7.14% 6.89% 6.61% 6.57% 6.57% 6.53% 6.65% 6.67% 6.65%
48.44% 48.44% 48.44% 48.31% 48.28% 47.29% 45.67% 44.96% 44.40% 44.03% 44.31% 44.16%
No. of Shareholders 6,99,4966,91,5137,80,8187,95,42010,75,98713,22,74520,63,33719,80,55219,61,97219,73,22420,77,82820,51,565

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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