Rattanindia Power Ltd

₹ 3.65 -2.67%
27 Jan - close price
rattanindia.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

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]

Website BSE NSE
  • Market Cap ₹ 1,960 Cr.
  • Current Price ₹ 3.65
  • High / Low ₹ 7.65 / 3.20
  • Stock P/E
  • Book Value ₹ -6.65
  • Dividend Yield 0.00 %
  • ROCE 7.78 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Promoters have pledged 89.0% of their holding.
  • Earnings include an other income of Rs.450 Cr.
  • Company has high debtors of 248 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -9.02%

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
372 294 196 198 304 862 874 757 805 823 843 638 850
310 234 66 76 134 644 660 600 557 640 624 514 652
Operating Profit 62 61 130 122 170 218 214 157 248 183 219 124 198
OPM % 17% 21% 66% 62% 56% 25% 24% 21% 31% 22% 26% 19% 23%
2,694 71 72 83 438 481 -362 72 52 210 79 79 82
Interest 994 539 548 562 572 558 574 589 582 597 586 618 656
Depreciation 105 104 105 104 105 102 103 104 104 103 102 103 103
Profit before tax 1,658 -512 -451 -461 -69 39 -824 -464 -387 -306 -389 -518 -480
Tax % -0% -0% -0% -0% -0% 0% -0% -0% -0% -0% -0% -0% -0%
Net Profit 1,658 -512 -451 -461 -69 39 -824 -464 -387 -306 -389 -518 -480
EPS in Rs 3.63 -1.04 -0.91 -0.93 -0.14 0.07 -1.54 -0.86 -0.72 -0.58 -0.72 -0.96 -0.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 -0 -0 339 625 2,596 1,391 2,054 1,924 1,774 1,560 3,260 3,154
36 38 167 296 600 1,643 678 1,499 1,372 1,266 920 2,457 2,429
Operating Profit -36 -38 -167 43 26 953 712 555 551 508 640 803 725
OPM % -8,985% 13% 4% 37% 51% 27% 29% 29% 41% 25% 23%
44 168 68 59 61 81 155 148 -1,155 2,878 1,074 -28 450
Interest 1 5 6 132 546 1,204 1,238 1,954 2,304 2,805 2,241 2,342 2,457
Depreciation 1 1 1 67 190 236 254 400 420 417 416 414 410
Profit before tax 6 124 -107 -97 -649 -406 -624 -1,650 -3,328 165 -942 -1,981 -1,693
Tax % 10% 29% 16% -5% -2% -6% -1% -1% -0% -0% -0% -0%
Net Profit 5 88 -89 -101 -664 -432 -631 -1,663 -3,328 165 -942 -1,981 -1,693
EPS in Rs 0.03 0.39 -0.34 -0.38 -2.25 -1.46 -2.13 -5.63 -11.24 0.33 -1.75 -3.69 -3.15
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 19%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: -42%
Stock Price CAGR
10 Years: -12%
5 Years: -13%
3 Years: 27%
1 Year: -51%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
2,023 2,227 2,643 2,643 2,953 2,845 2,845 2,945 2,953 5,517 5,975 5,950 5,370
Reserves 1,895 2,181 2,766 2,730 2,144 1,902 1,222 -447 -3,712 -4,511 -5,996 -8,032 -8,940
1,393 1,992 8,331 10,679 12,216 13,552 14,702 14,633 13,871 11,932 11,651 10,967 11,283
1,263 4,670 1,597 1,374 1,372 2,225 2,420 4,239 6,329 6,734 7,590 9,353 9,687
Total Liabilities 6,574 11,070 15,336 17,426 18,684 20,525 21,191 21,370 19,441 19,095 18,615 17,658 17,400
167 205 209 4,675 8,795 9,268 10,793 15,011 14,592 14,410 13,995 13,381 13,181
CWIP 1,928 7,035 11,136 9,120 6,674 6,659 6,339 2,283 2,354 1,584 1,574 1,142 1,155
Investments 1,326 244 20 20 20 -0 70 10 193 275 0 4 4
3,153 3,587 3,971 3,610 3,195 4,598 3,988 4,066 2,301 2,826 3,046 3,131 3,061
Total Assets 6,574 11,070 15,336 17,426 18,684 20,525 21,191 21,370 19,441 19,095 18,615 17,658 17,400

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-231 -56 622 42 -185 11 1,206 215 836 610 736 934
-692 -740 -4,956 -607 -237 -108 -493 -107 -161 -91 101 55
1,139 954 4,154 604 372 169 -722 -235 -801 -476 -795 -952
Net Cash Flow 216 158 -180 39 -49 71 -9 -127 -127 44 42 37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days -0 114 120 120 208 236 237 316 457 248
Inventory Days
Days Payable
Cash Conversion Cycle -0 114 120 120 208 236 237 316 457 248
Working Capital Days 991,285 -420 -607 53 -151 -461 -1,080 -913 -746 -557
ROCE % 0% 1% -1% 0% -1% 4% 3% 2% 2% 2% 11% 8%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
39.33 39.33 39.33 39.33 44.19 44.19 44.19 44.19 44.06 44.06 44.06 44.06
9.34 8.54 8.28 0.00 0.16 0.28 0.26 0.17 0.21 0.24 0.32 0.29
16.48 16.48 16.46 16.47 15.15 15.12 13.84 14.12 13.42 8.66 7.33 7.20
34.84 35.65 35.93 44.20 40.50 40.40 41.70 41.51 42.31 47.04 48.28 48.44

* 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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