Rattanindia Power Limited
NSE: RTNPOWER · Power Generation · sector
₹6.07NSE close 2026-10-26
Key numbers
Market cap₹3,260 cr
Price₹6.07
52w high / low₹12 / ₹6
P/E28.9xSector median 18.7x
P/B0.7xSector median 1.5x
Book value₹8.6
Dividend yield–Sector median 1.39%
ROE2.4%Sector median 4.5%
ROCE6.2%Sector median 6.2%
OPM14.6%Sector median 33.3%
Debt / equity0.78xSector median 0.90x
EV/EBITDA15.7xSector median 9.8x
Interest cover1.3x
Current ratio2.24x
Sales growth 3y-2.5%Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹75 cr vs borrowings ₹3,637 cr (FY26): borrowings are higher by ₹3,562 cr.
- Operating profit covered interest 1.3x in the last 12 months.
- 43.12% of the promoters' shares are pledged (19.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 291% of net profit in the last 12 months.
- Debtor days went from 224 (FY24) to 336 (FY26).
- No dividend in the last 5 financial years.
- Price ₹6.07 on 2026-10-26: -48.0% from the 52-week high, +0.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹16.15 · low ₹6.07
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 682 | 733 | 936 | 822 | 654 | 728 | 788 | 799 |
| EBITDA | 94 | 90 | 212 | 97 | 52 | 127 | 130 | 125 |
| OPM % | 13.8% | 12.3% | 22.6% | 11.8% | 7.9% | 17.5% | 16.5% | 15.6% |
| Other income | 89 | 91 | 92 | 99 | 90 | 99 | 67 | 68 |
| Net profit | -1 | 4 | 126 | -13 | -32 | 54 | 43 | 46 |
| EPS (₹) | 0.00 | 0.01 | 0.23 | -0.02 | -0.06 | 0.10 | 0.08 | 0.09 |
| Revenue YoY | -4.2% | -0.7% | -15.9% | -2.8% | ||||
| Profit YoY | – | +1,153.1% | -66.0% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,260 | 3,231 | 3,364 | 3,284 | 2,991 | 2,968 |
| EBITDA | 365 | 738 | 11,281 | 585 | 405 | 434 |
| Net profit | -1,981 | -1,870 | 8,897 | 222 | 52 | 111 |
| EPS (₹) | -3.69 | -3.48 | 16.57 | 0.41 | 0.10 | 0.21 |
| Revenue growth | -0.9% | +4.1% | -2.4% | -8.9% | -6.5% | |
| Profit growth | – | – | -97.5% | -76.4% | -3.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -2.5% | +13.9% | -6.5% |
| Net profit | – | – | -3.8% |
| EPS | – | – | – |
| Share price | – | -36.9% (2y) | -45.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -4,533 | 4,364 | 4,585 | 4,638 |
| Borrowings | – | 10,985 | 3,538 | 3,540 | 3,637 |
| Cash & equivalents | – | 242 | 462 | 363 | 75 |
| Total assets | – | 17,372 | 9,566 | 9,796 | 9,613 |
| Fixed assets | – | 12,816 | 6,264 | 6,062 | 6,103 |
| Capital work in progress | – | 1,110 | 67 | 65 | 21 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 2,492 | 2,064 | 2,435 | 2,757 |
| Inventory | – | 136 | 238 | 263 | 202 |
| Payables | – | 283 | 162 | 173 | 154 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 934 | 1,015 | 1,306 | 410 | 372 |
| Cash from investing | 55 | -5 | -462 | 87 | 66 |
| Cash from financing | -952 | -977 | -902 | -440 | -605 |
| Capex | 15 | 31 | 99 | 117 | 78 |
| Free cash flow | 919 | 985 | 1,207 | 293 | 294 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 41.3% | 203.9% | 4.8% | 1.1% |
| ROCE % | – | 10.3% | 142.2% | 8.6% | 6.2% |
| Debtor days | – | 281 | 224 | 271 | 336 |
| Inventory days | – | 22 | 35 | 40 | 32 |
| Payable days | – | 46 | 24 | 26 | 24 |
| Cash conversion cycle (days) | – | 257 | 235 | 285 | 344 |
| Working capital days | – | -1,729 | 174 | 238 | 221 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.06% |
| FIIs | 3.82% |
| DIIs | 6.58% |
| of which Mutual funds | 0.14% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 45.54% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% | 44.06% |
| Promoter group | % |
|---|---|
| RR Infralands Private Limited | 24.06% |
| Rattanindia Enterprises Limited | 20.00% |
| Rajiv Rattan | 0.00% |
| Jarul Infrastructure Private Limited | 0.00% |
| Heliotrope Real Estate Private Limited | 0.00% |
| Rajiv Rattan Family Trust | 0.00% |
| Rajiv Rattan Family Trust 2 | 0.00% |
| Anjali Nashier Family Trust | 0.00% |
| Anjali Nashier Family Trust 2 | 0.00% |
| Public holders above 1% | % |
|---|---|
| Power Finance Corporation Ltd | 4.38% |
| REC Limited | 1.72% |
19,02,205 shareholders. Pledged: 43.12% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| RTNPOWER | ₹3,260 cr | 28.9x | 0.7x | 2.4% | 6.2% | 14.6% | -2.5% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-13 | Other | Annual General Meeting |
| 2020-09-18 | Other | Annual General Meeting |
| 2019-09-16 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-11 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-22 | Other | Annual General Meeting |
| 2014-09-23 | Other | Annual General Meeting |
| 2013-09-20 | Other | Annual General Meeting |
| 2012-09-21 | Other | Annual General Meeting |
| 2011-09-22 | Other | Annual General Meeting |
| 2010-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Power Generation: Power generation & supply
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | RTNPOWER |
| BSE code | 533122 |
| ISIN | INE399K01017 |
| Face value | ₹10.0 |
| Incorporated | 2007-10-08 |
| Website | www.rattanindiapower.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.