RattanIndia Power Ltd
NSE: RTNPOWER BSE: 533122Energy
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]
₹9.19
52W: ₹7.5 — ₹16.9
PE 106 · Book ₹9.02 · +2% vs bookMarket Cap₹4,935 Cr
Stock P/E106Price to Earnings
ROCE5.99%Return on Capital
ROE0.97%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 1.03 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −Tax rate seems low
- −Company has a low return on equity of 3.29% over last 3 years.
- −Earnings include an other income of Rs.391 Cr.
- −Company has high debtors of 336 days.
Shareholding Pattern
Promoters44.06%
FIIs5.13%
DIIs6.62%
Public44.2%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% |
| FIIs | 3.69% | 4.39%▲0.7 | 5.01%▲0.6 | 5.25%▲0.2 | 4.95%▼0.3 | 5.12%▲0.2 | 5.23%▲0.1 | 5.13%▼0.1 |
| DIIs | 6.57% | 6.57% | 6.53%▼0.0 | 6.65%▲0.1 | 6.67%▲0.0 | 6.65%▼0.0 | 6.65% | 6.62%▼0.0 |
| Public | 45.67% | 44.96%▼0.7 | 44.4%▼0.6 | 44.03%▼0.4 | 44.31%▲0.3 | 44.16%▼0.2 | 44.06%▼0.1 | 44.2%▲0.1 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 806 | 914 | 932 | 682 | 733 | 936 | 822 | 654 | 728 | 788 |
| Expenses | 634 | 718 | 752 | 598 | 652 | 733 | 734 | 611 | 610 | 667 |
| Operating Profit | 172 | 196 | 179 | 85 | 81 | 203 | 88 | 42 | 118 | 121 |
| OPM % | 21% | 21% | 19% | 12% | 11% | 22% | 11% | 6% | 16% | 15% |
| Net Profit | 46 | -1,094 | 92 | -3 | 3 | 124 | -15 | -33 | 53 | 41 |
| EPS ₹ | 0.09 | -2.04 | 0.17 | -0.01 | 0.01 | 0.23 | -0.03 | -0.06 | 0.1 | 0.08 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹2,991Cr, down 8.9% YoY. OPM at 12%.
Debt Position
Borrowings at ₹3,711Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.
Capex Cycle
CWIP at ₹21Cr (0% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 6.62% (-0.58pp change). FIIs: 5.13% (+4.82pp change). Promoters hold 44.06%.
Margin & Efficiency
ROCE improving from 0% (Mar 2015) to 6% (Mar 2026). Working capital days: 212.
Valuation
PE 106x with 5.99% ROCE. Price is 2% above book value of ₹9.02. Dividend yield: 0%.
Recent Announcements
- Earnings Update Of Rattanindia Power Limited For The Financial Year Ended March 31, 2026. 7 May - RattanIndia Power reported FY26 audited standalone results; revenue Rs2,991.36 crore, profit Rs46.59 crore.
- Audited Financial Results For The Quarter And Year Ended On March 31, 2026 7 May - Audited FY26 standalone and consolidated results approved on May 7; profit 52.44 crore consolidated, no modified opinion.
- Board Meeting Outcome for Audited Financial Results For The Quarter And Financial Year Ended On March 31, 2026 7 May - RattanIndia Power approved FY26 audited standalone/consolidated results; consolidated profit Rs 52.44 crore, auditors issued unmodified report.
- Submission Of The Disclosures Received From The Trusts As Per SEBI Exemption Order Dated September 12, 2025 4 May - RattanIndia Power received FY26 compliance certificates from four trusts under SEBI exemption order.
- Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone And Consolidated) Of The Company, For Quarter And Year Ended March 31, 2026. 4 May - Board meets May 7, 2026 to approve audited Q4 and FY26 standalone and consolidated results.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse