RattanIndia Enterprises Limited (RTNINDIA) AI Stock Analysis

• Market Cap: ₹34.11B
• 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: ₹25.00 ▼(-40.69% 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

Revenue & profit growth

Sustained revenue and net-profit improvement indicates the company’s core businesses and platform investments are scaling. Improved margins suggest better unit economics and pricing power, supporting longer-term reinvestment capacity and resilience to cyclical pressures.

Improving free cash flow

Material improvement in free cash flow strengthens internal funding for growth, acquisitions, and debt reduction. Reliable cash generation enhances financial flexibility and reduces dependence on external financing for the holding-platform’s operating and rollout needs.

Equity base expansion

Rising shareholders’ equity builds a stronger capital base for the holding/operating platform, enabling further acquisitions and investment into subsidiaries. It also provides a buffer against operating volatility and supports longer-term strategic initiatives.

Negative Factors

High leverage

Significant leverage increases fixed interest obligations and reduces financial flexibility, making the firm more vulnerable to revenue or margin shocks. High debt levels can constrain investment, force asset sales, or raise refinancing risk during adverse market conditions.

Inconsistent cash flows

Irregular cash-flow performance undermines the durability of free cash flow improvements and complicates planning for debt reduction or capex. Inconsistency raises the risk that short-term cash shortfalls could impair operations or slow strategic rollouts.

Earnings volatility

Severe EPS volatility signals unstable reported earnings and operational swings across periods. This undermines predictability for reinvestment, raises the cost of capital, and suggests the company may still be fine-tuning profitable scale across its diversified businesses.

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

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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 31.66, above the 50-day MA of 35.56, and below the 200-day MA of 48.51, indicating a bearish trend. The MACD of -3.05 indicates Positive momentum. The RSI at 21.39 is Positive, neither overbought nor oversold. The STOCH value of 11.62 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	₹6.53B	16.19	―	1.90%	13.38%	13.98%
PILANIINVS	63 Neutral	₹49.50B	-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	₹34.11B	-8.82	―	―	8.57%	-158.63%