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RattanIndia Power Limited
(RTNPOWER)
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Rating:53Neutral
Price Target:
₹8.50
▼(-1.51% Downside)
Action:Reiterated
Date:08/17/26
Overall score is driven primarily by middling financial performance: balance-sheet repair and consistently positive free cash flow are positives, but earnings volatility and a sharp FY2026 margin decline weigh heavily. The score is further constrained by weak technical momentum (below key moving averages with negative MACD) and a relatively high P/E multiple without a dividend yield to offset valuation risk.
Positive Factors
Balance-sheet repair
The shift from negative equity and distressed leverage in FY2021–FY2023 to moderate leverage and positive equity improves financial resilience. This gives the company a stronger base to manage operations and fund obligations over the next several months.
Negative Factors
Revenue contraction
Persistent flat-to-declining revenue indicates limited near-term expansion in the existing generation portfolio. Without stronger generation volumes, contracted realizations or market demand, weaker top-line performance can constrain operating leverage and debt-reduction capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet repair
The shift from negative equity and distressed leverage in FY2021–FY2023 to moderate leverage and positive equity improves financial resilience. This gives the company a stronger base to manage operations and fund obligations over the next several months.
Read all positive factors
RattanIndia Power Limited (RTNPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹43.71B
Dividend YieldN/A
Average Volume (3M)2.38M
Price to Earnings (P/E)37.0
Beta (1Y)1.06
Revenue Growth-6.49%
EPS Growth-3.71%
CountryIN
Employees524
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.21
Shares Outstanding5,370,106,000
10 Day Avg. Volume2,461,653
30 Day Avg. Volume2,381,068
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)0.85
Price to Sales (P/S)1.33
P/FCF Ratio13.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
RattanIndia Power Limited Business Overview & Revenue Model
Company Description
RattanIndia Power Limited is an Indian enterprise primarily engaged in the power sector, encompassing the generation, distribution, trading, and transmission of electricity, along with various associated activities across the country. The company ...
How the Company Makes Money
RattanIndia Power primarily makes money by generating electricity at its thermal (coal-fired) power plants and selling that electricity to off-takers. Key revenue streams typically include: (1) Sale of power under Power Purchase Agreements (PPAs):...
RattanIndia Power Limited Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
60
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.68B | 29.91B | 32.84B | 33.64B | 32.31B | 32.60B |
| Gross Profit | 5.39B | 3.61B | 8.57B | 8.91B | 9.92B | 10.09B |
| EBITDA | 7.57B | 7.60B | 5.85B | 116.22B | 10.67B | 7.75B |
| Net Income | 1.11B | 524.40M | 2.22B | 88.97B | -18.70B | -19.81B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 96.13B | 97.96B | 95.66B | 173.72B | 176.58B |
| Cash, Cash Equivalents and Short-Term Investments | 753.50M | 2.50B | 3.63B | 4.62B | 2.42B | 2.74B |
| Total Debt | 0.00 | 37.11B | 36.15B | 35.62B | 110.18B | 115.52B |
| Total Liabilities | -46.38B | 49.75B | 52.11B | 52.02B | 219.05B | 203.20B |
| Stockholders Equity | 46.38B | 46.38B | 45.85B | 43.64B | -45.33B | -26.62B |
Cash Flow | ||||||
| Free Cash Flow | 3.01B | 2.94B | 2.93B | 12.07B | 9.85B | 9.19B |
| Operating Cash Flow | 3.74B | 3.72B | 4.10B | 13.06B | 10.15B | 9.34B |
| Investing Cash Flow | 60.50M | 656.10M | 869.00M | -4.62B | -52.90M | 550.90M |
| Financing Cash Flow | 136.60M | -6.05B | -4.40B | -9.02B | -9.77B | -9.52B |
RattanIndia Power Limited Technical Analysis
Negative
8.63
Price Trends
8.86
Negative
9.10
Negative
9.17
Negative
Market Momentum
-0.19
Positive
21.99
Positive
5.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RTNPOWER, the sentiment is Negative. The current price of 8.63 is above the 20-day moving average (MA) of 8.53, below the 50-day MA of 8.86, and below the 200-day MA of 9.17, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 21.99 is Positive, neither overbought nor oversold. The STOCH value of 5.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RTNPOWER.
RattanIndia Power Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹61.04B | 13.30 | ― | 0.20% | 40.01% | 27.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹43.71B | 36.98 | ― | ― | -6.49% | -3.71% | |
51 Neutral | ₹776.65B | 129.15 | ― | ― | 42.12% | 8.54% | |
48 Neutral | ₹262.71B | 38.86 | ― | ― | 47.52% | 55.26% | |
48 Neutral | ₹260.51B | 40.77 | ― | 1.94% | 60.47% | -7.36% | |
45 Neutral | ₹2.16T | 120.28 | ― | ― | 10.30% | 1.33% |
* General Sector Average
IN:RTNPOWER
RattanIndia Power Limited
7.82
-4.70
-37.54%
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RattanIndia Power Limited Corporate Events
CRISIL upgrades RattanIndia Power’s short-term rating as operating metrics strengthen
Aug 10, 2026
RattanIndia Power Limited said CRISIL has upgraded the company’s short-term bank facilities rating to Crisil A2 from Crisil A3+, alongside an increase in the rated bank loan facilities to Rs 650 crore from Rs 550 crore. The upgrade reflects ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.