RattanIndia Power Ltd

₹ 15.5 0.26%

17 Sep - 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 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, 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 ₹ 8,302 Cr.
Current Price ₹ 15.5
High / Low ₹ 21.1 / 6.25
Stock P/E
Book Value ₹ 8.13
Dividend Yield 0.00 %
ROCE 8.39 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has low interest coverage ratio.
Promoters have pledged 88.6% of their holding.
Earnings include an other income of Rs.10,972 Cr.
Company has high debtors of 224 days.
Company's cost of borrowing seems high
Working capital days have increased from -396 days to 173 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

Sector: Power Generation & Distribution Industry: Power Generation And Supply

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	874	757	805	823	843	638	850	901	847	796	806	914	932
	660	600	557	640	624	514	652	704	691	685	635	708	743
Operating Profit	214	157	248	183	219	124	198	197	157	111	172	206	189
OPM %	24%	21%	31%	22%	26%	19%	23%	22%	18%	14%	21%	23%	20%
	-362	72	52	210	79	79	82	88	89	88	82	10,717	85
Interest	574	589	582	597	586	618	656	651	678	726	719	239	121
Depreciation	103	104	104	103	102	103	103	97	102	105	106	69	59
Profit before tax	-824	-464	-387	-306	-389	-518	-480	-463	-535	-632	-572	10,615	93
Tax %	0%	0%	0%	0%	0%	0%	0%	4%	3%	0%	3%	-0%	0%
	-824	-464	-387	-306	-389	-518	-480	-483	-549	-633	-587	10,666	93
EPS in Rs	-1.54	-0.86	-0.72	-0.58	-0.72	-0.96	-0.89	-0.90	-1.02	-1.18	-1.09	19.86	0.17
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0	339	625	2,596	1,391	2,054	1,924	1,774	1,560	3,260	3,231	3,364	3,449
	167	296	600	1,643	678	1,499	1,372	1,266	920	2,457	2,493	2,718	2,771
Operating Profit	-167	43	26	953	712	555	551	508	640	803	738	646	678
OPM %		13%	4%	37%	51%	27%	29%	29%	41%	25%	23%	19%	20%
	68	59	61	81	155	148	-1,155	2,878	1,074	-28	328	10,976	10,972
Interest	6	132	546	1,204	1,238	1,954	2,304	2,805	2,241	2,342	2,512	2,363	1,806
Depreciation	1	67	190	236	254	400	420	417	416	414	404	382	339
Profit before tax	-107	-97	-649	-406	-624	-1,650	-3,328	165	-942	-1,981	-1,849	8,876	9,504
Tax %	-16%	5%	2%	6%	1%	1%	0%	0%	0%	0%	1%	-0%
	-89	-101	-664	-432	-631	-1,663	-3,328	165	-942	-1,981	-1,870	8,897	9,539
EPS in Rs	-0.34	-0.38	-2.25	-1.46	-2.13	-5.63	-11.24	0.33	-1.75	-3.69	-3.48	16.57	17.76
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	26%
5 Years:	12%
3 Years:	29%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	2%
3 Years:	-46%
TTM:	46%

Stock Price CAGR
10 Years:	2%
5 Years:	56%
3 Years:	49%
1 Year:	115%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	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	2,766	2,730	2,144	1,902	1,223	-447	-3,711	-4,510	-5,995	-8,032	-9,903	-1,006
	8,331	10,679	12,216	13,552	14,702	14,633	13,871	12,510	12,255	11,547	11,018	3,562
	1,597	1,374	1,372	2,225	2,420	4,238	6,328	6,156	6,985	8,773	10,887	1,640
Total Liabilities	15,336	17,426	18,684	20,525	21,191	21,370	19,441	19,095	18,615	17,658	17,372	9,566
	209	4,675	8,795	9,268	10,793	15,011	14,592	14,410	13,995	13,381	13,051	6,412
CWIP	11,136	9,120	6,674	6,659	6,339	2,283	2,354	1,584	1,574	1,142	1,110	67
Investments	20	20	20	0	70	10	193	275	0	4	8	0
	3,971	3,610	3,195	4,598	3,988	4,066	2,301	2,826	3,046	3,131	3,203	3,087
Total Assets	15,336	17,426	18,684	20,525	21,191	21,370	19,441	19,095	18,615	17,658	17,372	9,566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	622	42	-185	11	1,206	215	836	610	736	934	1,015	1,306
	-4,956	-607	-237	-108	-493	-107	-161	-91	101	59	-5	-462
	4,154	604	372	169	-722	-235	-801	-476	-795	-956	-977	-902
Net Cash Flow	-180	39	-49	71	-9	-127	-127	44	42	37	33	-58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days		114	120	120	208	236	237	316	457	281	282	224
Inventory Days
Days Payable
Cash Conversion Cycle		114	120	120	208	236	237	316	457	281	282	224
Working Capital Days		-420	-607	53	-151	-461	-1,080	-913	-746	-557	-803	173
ROCE %	-1%	0%	-1%	4%	3%	2%	2%	2%	11%	8%	9%	8%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	44.19%	44.19%	44.06%	44.06%	44.06%	44.06%	44.06%	44.06%	44.06%	44.06%	44.06%	44.06%
	0.26%	0.17%	0.21%	0.24%	0.32%	0.29%	0.30%	0.31%	0.48%	0.76%	2.04%	3.69%
	13.84%	14.12%	13.42%	8.66%	7.33%	7.20%	7.20%	7.20%	7.14%	6.89%	6.61%	6.57%
	41.70%	41.51%	42.31%	47.04%	48.28%	48.44%	48.44%	48.44%	48.31%	48.28%	47.29%	45.67%
No. of Shareholders	3,65,193	5,05,992	6,47,569	7,03,202	7,06,678	6,99,496	6,91,513	7,80,818	7,95,420	10,75,987	13,22,745	20,63,337

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	57.49%	54.10%	53.08%	39.33%	44.19%	44.06%	44.06%	44.06%	44.06%
	16.12%	16.27%	16.78%	9.34%	0.16%	0.21%	0.30%	2.04%	3.69%
	0.58%	0.69%	1.04%	16.48%	15.15%	13.42%	7.20%	6.61%	6.57%
	25.82%	28.94%	29.09%	34.84%	40.50%	42.31%	48.44%	47.29%	45.67%
No. of Shareholders	1,37,099	1,59,808	1,55,102	1,52,776	2,34,783	6,47,569	6,91,513	13,22,745	20,63,337

* 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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RattanIndia Power Ltd

RattanIndia Power Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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