Rattanindia Power Ltd

Rattanindia Power Ltd

₹ 8.25 0.00%
28 Mar - close price
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 Co was incorporated in the year 2007 as Sophia Power Company Limited, originally as a part of Indiabulls group. The company changed its name to Indiabulls Power Limited after its listing on NSE as well as BSE in the year 2009. In 2014, subsequent to 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]

  • Market Cap 4,425 Cr.
  • Current Price 8.25
  • High / Low 12.3 / 2.87
  • Stock P/E
  • Book Value -10.6
  • Dividend Yield 0.00 %
  • ROCE 8.62 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoters have pledged 88.6% of their holding.
  • Earnings include an other income of Rs.347 Cr.
  • Company has high debtors of 282 days.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
304 862 874 757 805 823 843 638 850 901 847 796 806
134 644 660 600 557 640 624 514 652 704 691 685 635
Operating Profit 170 218 214 157 248 183 219 124 198 197 157 111 172
OPM % 56% 25% 24% 21% 31% 22% 26% 19% 23% 22% 18% 14% 21%
438 481 -362 72 52 210 79 79 82 88 89 88 82
Interest 572 558 574 589 582 597 586 618 656 651 678 726 719
Depreciation 105 102 103 104 104 103 102 103 103 97 102 105 106
Profit before tax -69 39 -824 -464 -387 -306 -389 -518 -480 -463 -535 -632 -572
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% -4% -3% -0% -3%
-69 39 -824 -464 -387 -306 -389 -518 -480 -483 -549 -633 -587
EPS in Rs -0.14 0.07 -1.54 -0.86 -0.72 -0.58 -0.72 -0.96 -0.89 -0.90 -1.02 -1.18 -1.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 339 625 2,596 1,391 2,054 1,924 1,774 1,560 3,260 3,231 3,351
38 167 296 600 1,643 678 1,499 1,372 1,266 920 2,457 2,493 2,714
Operating Profit -38 -167 43 26 953 712 555 551 508 640 803 738 637
OPM % 13% 4% 37% 51% 27% 29% 29% 41% 25% 23% 19%
168 68 59 61 81 155 148 -1,155 2,878 1,074 -28 328 347
Interest 5 6 132 546 1,204 1,238 1,954 2,304 2,805 2,241 2,342 2,512 2,775
Depreciation 1 1 67 190 236 254 400 420 417 416 414 404 410
Profit before tax 124 -107 -97 -649 -406 -624 -1,650 -3,328 165 -942 -1,981 -1,849 -2,201
Tax % 29% 16% -5% -2% -6% -1% -1% 0% 0% -0% 0% -1%
88 -89 -101 -664 -432 -631 -1,663 -3,328 165 -942 -1,981 -1,870 -2,252
EPS in Rs 0.39 -0.34 -0.38 -2.25 -1.46 -2.13 -5.63 -11.24 0.33 -1.75 -3.69 -3.48 -4.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 22%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: -3%
3 Years: 8%
TTM: -33%
Stock Price CAGR
10 Years: 1%
5 Years: 25%
3 Years: 47%
1 Year: 184%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2,227 2,643 2,643 2,953 2,845 2,845 2,945 2,953 4,940 5,370 5,370 5,370 5,370
Reserves 2,181 2,766 2,730 2,144 1,902 1,223 -447 -3,711 -4,510 -5,995 -8,032 -9,903 -11,085
Preference Capital 0 0 0 0 0 0 0 0 578 605 580 377
1,992 8,331 10,679 12,216 13,552 14,702 14,633 13,871 11,932 11,651 10,967 10,641 10,986
4,670 1,597 1,374 1,372 2,225 2,420 4,238 6,328 6,733 7,590 9,353 11,264 12,083
Total Liabilities 11,070 15,336 17,426 18,684 20,525 21,191 21,370 19,441 19,095 18,615 17,658 17,372 17,353
205 209 4,675 8,795 9,268 10,793 15,011 14,592 14,410 13,995 13,381 13,051 13,048
CWIP 7,035 11,136 9,120 6,674 6,659 6,339 2,283 2,354 1,584 1,574 1,142 1,110 1,100
Investments 244 20 20 20 0 70 10 193 275 0 4 8 0
3,587 3,971 3,610 3,195 4,598 3,988 4,066 2,301 2,826 3,046 3,131 3,203 3,206
Total Assets 11,070 15,336 17,426 18,684 20,525 21,191 21,370 19,441 19,095 18,615 17,658 17,372 17,353

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-56 622 42 -185 11 1,206 215 836 610 736 934 1,015
-740 -4,956 -607 -237 -108 -493 -107 -161 -91 101 59 -5
954 4,154 604 372 169 -722 -235 -801 -476 -795 -956 -977
Net Cash Flow 158 -180 39 -49 71 -9 -127 -127 44 42 37 33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 114 120 120 208 236 237 316 457 281 282
Inventory Days
Days Payable
Cash Conversion Cycle 114 120 120 208 236 237 316 457 281 282
Working Capital Days -420 -607 53 -151 -461 -1,080 -913 -746 -557 -803
ROCE % 1% -1% 0% -1% 4% 3% 2% 2% 2% 11% 8% 9%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.19% 44.19% 44.19% 44.19% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06% 44.06%
0.16% 0.28% 0.26% 0.17% 0.21% 0.24% 0.32% 0.29% 0.30% 0.31% 0.48% 0.76%
15.15% 15.12% 13.84% 14.12% 13.42% 8.66% 7.33% 7.20% 7.20% 7.20% 7.14% 6.89%
40.50% 40.40% 41.70% 41.51% 42.31% 47.04% 48.28% 48.44% 48.44% 48.44% 48.31% 48.28%
No. of Shareholders 2,34,7832,93,0173,65,1935,05,9926,47,5697,03,2027,06,6786,99,4966,91,5137,80,8187,95,42010,75,987

* 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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