RattanIndia Enterprises Limited (RTNINDIA) AI Stock Analysis

• Market Cap: ₹35.15B
• Dividend Yield: N/A
• Average Volume (3M): 181.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.90
• Revenue Growth: 8.57%
• EPS Growth: -158.63%
• Country: IN
• Employees: 39
• Sector: General
• Sector Strength: N/A
• Industry: Independent Power Producers
• EPS (TTM): -1.17
• Shares Outstanding: 1,382,269,500
• 10 Day Avg. Volume: 182,565
• 30 Day Avg. Volume: 181,185
• PEG Ratio: -0.89
• Price to Book (P/B): 6.52
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 23.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: ₹26.00 ▼(-38.32% Downside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is supported by improving financial performance (growth and better free cash flow), but it is pulled down by weak technical momentum (broad downtrend) and a challenging valuation signal from a negative P/E with no dividend yield data.

Positive Factors

Improving revenue & margins

Sustained revenue growth with rising gross and net margins indicates the company is improving core profitability and operational pricing power. Over the next 2-6 months, stronger margins support internal reinvestment and resilience to cost pressures, improving long-term cash generation and strategic flexibility.

Stronger free cash flow

Material improvement in free cash flow signals the business is converting profits into cash more effectively. This durability helps fund capex, subsidiaries, and deleveraging without immediate external financing, increasing resilience to funding stress and enabling strategic investments over several quarters.

Diversified technology-led platform

A technology-led holding model with exposure to electric mobility and consumer internet creates multiple growth vectors and risk diversification. Platform capabilities can scale roll-ups and DTC investments, allowing cross-subsidiary synergies and portfolio optionality that support durable growth beyond single-market cycles.

Negative Factors

High leverage

Elevated debt-to-equity raises structural financial risk by increasing interest burden and refinancing exposure. High leverage limits strategic flexibility, forces priority on debt servicing over growth investments, and magnifies earnings volatility if cash flows weaken, making sustained deleveraging a critical multi-quarter objective.

Inconsistent cash-flow consistency

Intermittent cash-flow consistency undermines the reliability of free cash flow as a funding source. For a leveraged holding model, uneven operating cash generation increases refinancing and covenant risks, reduces predictability for subsidiary investment, and requires conservative liquidity planning until steadier conversion is achieved.

Sharp EPS decline

A large negative EPS growth rate reflects significant earnings volatility or prior losses that impair near-term earnings power. Such volatility can constrain reinvestment, complicate stakeholder confidence, and increase sensitivity to operational setbacks; restoring consistent profitability is necessary for durable credit and funding improvements.

RattanIndia Enterprises Limited Business Overview & Revenue Model

Company Description

RattanIndia Enterprises Limited engages in the human resource consultancy and manpower business in India. The company provides payroll management and other related services. It also engages in the manufacture of electric moto cycles. As of June 10, 2022, it operated 26 retail outlets. The company was formerly known as RattanIndia Infrastructure Limited and changed its name to RattanIndia Enterprises Limited in March 2021. RattanIndia Enterprises Limited was incorporated in 2010 and is based in New Delhi, India.

How the Company Makes Money

RattanIndia Enterprises generates revenue through several key streams, including the production and sale of renewable energy through solar and wind power projects, which are sold to utilities and other commercial entities. Additionally, the company's foray into the electric vehicle sector involves the manufacturing and distribution of electric vehicles and related components, tapping into the increasing consumer shift towards sustainable transportation. Partnerships with technology firms and government initiatives further bolster its revenue, enabling RTNINDIA to leverage grants and subsidies aimed at promoting clean energy and innovation. The company's diversified portfolio allows it to capitalize on multiple growth areas, ensuring a stable revenue flow.

RattanIndia Enterprises Limited Financial Statement Overview

Summary

Strong revenue and profit growth with improving margins and better free cash flow, but the balance sheet carries high leverage and cash-flow consistency has been uneven.

Income Statement

RattanIndia Enterprises Limited has shown a significant improvement in revenue, with a remarkable growth rate from 2020 to 2025. Gross and net profit margins have improved, indicating enhanced profitability. However, EBIT and EBITDA margins have fluctuated, reflecting potential volatility in operational efficiency.

Balance Sheet

The company has a relatively high debt-to-equity ratio, suggesting significant leverage. However, stockholders' equity has grown over time, which is a positive sign. The equity ratio suggests a moderate reliance on equity financing, but there are risks associated with high debt levels.

Cash Flow

Free cash flow has improved significantly, demonstrating better cash generation capabilities. The operating cash flow to net income ratio indicates efficient cash utilization, though it has been inconsistent over time. The company needs to maintain steady cash flow to mitigate financial risks.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	69.22B	68.66B	56.10B	40.63B	139.93M	1.00M
Gross Profit	5.14B	12.87B	8.03B	562.20M	-20.95M	-9.07M
EBITDA	-7.93B	2.62B	5.83B	-2.02B	5.70B	88.00K
Net Income	-2.65B	844.35M	4.26B	-2.85B	5.54B	70.00K
Balance Sheet
Total Assets	0.00	26.36B	26.92B	21.92B	9.08B	851.90M
Cash, Cash Equivalents and Short-Term Investments	11.80B	11.80B	773.48M	1.36B	1.61B	843.92M
Total Debt	0.00	9.23B	11.84B	9.76B	1.59B	0.00
Total Liabilities	-9.24B	17.12B	18.47B	17.75B	2.10B	6.28M
Stockholders Equity	9.24B	9.22B	8.39B	4.09B	6.99B	845.61M
Cash Flow
Free Cash Flow	0.00	2.51B	-390.67M	-6.88B	-141.29M	670.90M
Operating Cash Flow	0.00	2.53B	-367.58M	-6.78B	-135.14M	670.90M
Investing Cash Flow	0.00	241.52M	-261.19M	-249.71M	-1.02B	-671.02M
Financing Cash Flow	0.00	-3.13B	969.93M	7.34B	1.17B	-1.00K

RattanIndia Enterprises Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RTNINDIA, the sentiment is Negative. The current price of 42.15 is above the 20-day moving average (MA) of 32.25, above the 50-day MA of 35.91, and below the 200-day MA of 48.63, indicating a bearish trend. The MACD of -2.92 indicates Positive momentum. The RSI at 22.69 is Positive, neither overbought nor oversold. The STOCH value of 10.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RTNINDIA.

RattanIndia Enterprises Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MENONBE	66 Neutral	₹6.50B	16.19	―	1.90%	13.38%	13.98%
PILANIINVS	63 Neutral	₹50.54B	-100.46	―	0.29%	-8.75%	-85.31%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
RTNINDIA	54 Neutral	₹35.15B	-8.82	―	―	8.57%	-158.63%