RattanIndia Power Limited

NSE: RTNPOWER · Power

₹6.64-1.19%06 Nov 2026

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Instant answers about RattanIndia Power Limited — computed from its filings, no language model

Market cap₹3,566 cr

Current price₹6.64

High / Low₹11 / ₹6

P/E19.7

P/B0.76

Book value₹8.8

ROE3.8%

ROCE6.6%

Debt / equity0.78

Dividend yield—

EPS (TTM)₹0.34

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,774	1,560	3,260	3,231	3,364	3,284	2,991
EBITDA	468	640	803	738	646	585	405
Operating margin	26.4%	41.0%	24.6%	22.8%	19.2%	17.8%	13.6%
Interest	2,764	2,241	2,342	2,511	2,363	479	461
Depreciation	417	416	414	404	382	241	246
Profit before tax	165	-942	-1,981	-1,849	8,876	222	52
Tax	0	0	0	20	-20	0	0
Net profit	165	-942	-1,981	-1,870	8,897	222	52
EPS ₹	0.49	-1.88	-3.69	-3.48	16.57	0.41	0.10
Operating cash flow	—	—	934	1,015	1,306	410	372
Capex	—	—	15	31	99	117	78
Dividend paid	—	—	0	0	0	0	0
Total assets	—	—	—	17,372	9,566	9,796	9,613
Equity	—	—	—	-4,533	4,364	4,585	4,638

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	547	372	294	196	198	304	862	874	757	805	823	843	638	850	901	847	796	806	914	932	682	733	936	822	654	728	788	799	703
Operating profit	182	62	61	130	122	170	218	214	157	248	183	219	124	198	197	157	111	172	206	189	94	90	212	97	52	127	130	125	98
Operating margin	33.3%	16.7%	20.6%	66.3%	61.8%	55.9%	25.3%	24.5%	20.8%	30.8%	22.3%	26.0%	19.4%	23.3%	21.9%	18.5%	14.0%	21.3%	22.5%	20.2%	13.8%	12.3%	22.6%	11.8%	7.9%	17.5%	16.5%	15.6%	14.0%
Other income	60	27	71	72	83	438	481	76	72	52	210	79	79	82	88	89	88	82	82	85	89	91	92	99	90	99	67	68	85
Interest	630	994	539	548	562	572	558	574	589	582	597	586	618	656	651	678	726	719	239	121	124	116	118	148	112	110	91	86	83
Depreciation	106	105	104	105	104	105	102	103	104	104	103	102	103	103	97	102	105	106	69	59	60	61	60	61	61	61	64	61	62
Profit before tax	-493	1,658	-512	-451	-461	-69	39	-824	-464	-387	-306	-389	-518	-480	-463	-535	-632	-572	10,615	93	-1	4	126	-13	-32	54	43	46	38
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20	14	1	15	-51	0	0	0	0	0	0	0	0	0	0
Net profit	-493	1,658	-512	-451	-461	-69	39	-824	-460	-387	-310	-389	-518	-480	-483	-549	-633	-587	10,666	93	-1	4	126	-13	-32	54	43	46	38
EPS ₹	-1.67	5.52	-1.11	-0.91	-0.94	-0.14	0.08	-1.54	-0.86	-0.72	-0.57	-0.72	-0.96	-0.89	-0.90	-1.02	-1.18	-1.09	19.86	0.17	0.00	0.01	0.23	-0.02	-0.06	0.10	0.08	0.09	0.07
Revenue YoY	—	—	—	—	-63.8%	-18.3%	192.9%	346.7%	282.1%	164.9%	-4.5%	-3.6%	-15.7%	5.6%	9.4%	0.5%	24.8%	-5.1%	1.5%	10.0%	-14.3%	-9.1%	2.4%	-11.8%	-4.2%	-0.7%	-15.9%	-2.8%	7.5%
Profit YoY	—	—	—	—	—	-104.2%	—	—	—	—	-889.5%	—	—	—	—	—	—	—	—	—	—	—	-98.8%	-114.1%	—	1153.1%	-66.0%	—	—

Earlier results (standalone, Dec '09 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

RattanIndia Power Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	—	—	379	617	2,775	1,334	2,015	1,909
Operating profit	-12	-65	108	111	1,249	735	600	673
Operating margin	—	—	28.5%	18.1%	45.0%	55.1%	29.8%	35.3%
Other income	73	35	14	34	77	169	224	180
Interest	2	3	129	362	969	1,017	997	1,075
Depreciation	1	1	65	123	240	208	239	233
Profit before tax	58	-35	-73	-340	117	-321	-411	-2,792
Tax	6	-8	2	0	0	0	7	0
Net profit	52	-26	-75	-340	117	-321	-418	-2,792

Quarters

showing latest 8 of 37 periods

	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	1	—	—	1	—	—	1	—	—	—	—	—	10	102	116	151	144	181	146	146	285	672	853	965	641	261	300	132	482	464	414	655	691	617	315	287	561
Operating profit	-10	-6	-4	-4	-5	-6	-1	-1	-34	-1	-1	-28	-20	26	50	53	31	41	38	1	90	276	357	526	286	197	195	57	149	209	109	133	243	203	76	151	186
Operating margin	-1380.0%	—	—	-498.7%	—	—	-54.8%	—	—	—	—	—	-204.9%	25.2%	42.9%	34.8%	21.9%	22.7%	26.0%	0.7%	31.4%	41.1%	41.9%	54.5%	44.6%	75.3%	65.1%	42.8%	30.8%	45.1%	26.3%	20.4%	35.2%	33.0%	24.1%	52.8%	33.2%
Other income	20	13	7	5	42	18	7	5	23	5	4	4	3	3	5	3	6	8	11	9	11	14	21	32	40	47	47	35	36	41	39	108	64	66	74	-23	56
Interest	3	0	0	0	1	1	1	0	1	1	1	1	12	38	39	41	76	78	78	129	218	246	252	254	270	242	249	255	266	270	279	182	258	270	281	266	269
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	6	19	20	20	38	38	38	10	70	73	74	23	51	52	53	52	55	70	58	56	57	64	57	55	56
Profit before tax	8	6	3	1	37	11	7	3	-12	2	2	-26	-35	-29	-5	-5	-77	-67	-67	-129	-188	-29	52	281	5	-51	-60	-215	-137	-90	-188	3	-8	-2,402	-189	-193	-83
Tax	-2	1	1	-0	5	2	1	-2	0	-6	0	-3	2	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7	0	0	0	0	0
Net profit	10	6	3	1	32	10	6	5	-12	7	2	-23	-37	-29	-5	-5	-77	-67	-67	-129	-188	-29	52	281	5	-51	-60	-215	-137	-90	-188	-4	-8	-2,402	-189	-193	-83
EPS ₹	0.15	0.03	0.01	0.00	0.16	0.05	0.03	0.02	-0.05	0.03	0.01	-0.09	-0.14	-0.11	-0.02	-0.02	-0.29	-0.25	-0.23	-0.44	-0.64	-0.10	0.18	0.95	0.17	-0.17	-0.20	-0.73	-0.46	-0.30	-0.64	-0.01	-0.03	-8.13	-0.64	0.65	-0.28
Revenue YoY	—	—	—	7.1%	—	—	53.3%	—	—	—	—	—	—	—	—	—	1354.8%	77.7%	25.6%	-2.9%	98.5%	270.8%	484.1%	558.9%	124.9%	-61.1%	-64.8%	-86.3%	-24.8%	77.7%	37.9%	395.4%	43.2%	32.9%	-23.9%	-56.2%	-18.8%
Profit YoY	—	—	—	-92.7%	444.2%	256.0%	720.0%	—	-137.9%	-22.2%	-71.6%	-542.7%	—	-484.9%	-417.2%	—	—	—	—	—	—	—	—	—	—	—	-214.6%	-176.5%	-2855.7%	—	—	—	—	—	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	203.9%	218.6%	228.3%	241.6%	4.8%	2.5%	1.9%	3.0%	1.1%	2.4%	3.8%
ROCE	—	—	—	—	—	—	—	—	—	10.2%	10.0%	10.3%	9.4%	11.5%	10.9%	142.2%	143.1%	143.6%	143.2%	8.6%	7.7%	7.0%	7.5%	6.2%	6.2%	6.6%
Net margin	14.4%	22.1%	-150.5%	-60.4%	-58.8%	-47.0%	-49.5%	-60.8%	-47.9%	-51.6%	-53.8%	-57.9%	-62.7%	-63.2%	-67.2%	264.5%	276.6%	305.0%	330.0%	6.8%	3.6%	2.7%	4.3%	1.8%	3.8%	6.0%
EBITDA margin	30.9%	35.4%	48.7%	41.0%	32.4%	27.1%	25.4%	24.6%	25.0%	24.9%	23.0%	22.8%	20.9%	19.5%	19.0%	19.2%	19.7%	19.8%	17.7%	17.8%	15.5%	14.3%	15.5%	13.6%	14.6%	15.9%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.81	0.81	0.77	0.77	0.77	0.77	0.83	0.83	0.78	0.78	0.78
Interest coverage	1.07	1.09	0.33	0.58	0.42	0.43	0.29	0.15	0.34	0.33	0.31	0.26	0.23	0.22	0.21	4.76	6.26	9.42	18.86	1.46	1.23	1.17	1.28	1.11	1.28	1.49
Asset turnover	—	—	—	—	—	—	—	—	—	0.18	0.18	0.19	0.19	0.20	0.19	0.35	0.36	0.35	0.34	0.34	0.32	0.32	0.31	0.31	0.31	0.31

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	5,370	5,370	5,370	5,370	5,370	5,370	5,370	5,370	5,370
Other equity / reserves	-8,940	-9,903	-11,085	-1,006	-916	-785	-829	-732	-648
Total equity	-3,570	-4,533	-5,715	4,364	4,455	4,585	4,541	4,638	4,722
Borrowings	11,246	10,985	10,957	3,538	3,443	3,540	3,779	3,637	3,663
Current liabilities	17,234	18,420	18,575	1,256	1,147	1,100	1,383	1,457	1,379
Non-current liabilities	3,736	3,485	4,494	3,946	3,917	4,112	4,048	3,518	3,553
Total assets	17,400	17,372	17,353	9,566	9,518	9,796	9,971	9,613	9,654
Property, plant & equipment	12,943	12,816	12,817	6,264	6,172	6,062	5,971	6,103	5,803
Capital work-in-progress	1,155	1,110	1,100	67	66	65	77	21	21
Investments	4	8	0	0	0	0	0	0	0
Inventories	129	136	215	238	244	263	274	202	147
Receivables	2,113	2,492	1,866	2,064	2,102	2,435	2,424	2,757	2,819
Cash & equivalents	204	179	57	121	284	178	571	10	129

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹5,803 cr60%

CWIP

₹21 cr0%

Inventories

₹147 cr2%

Receivables

₹2,819 cr29%

Cash & equivalents

₹129 cr1%

Other assets

₹736 cr8%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%
RattanIndia Power Limited	3,566	6.64	19.7	0.76	3.8%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-0.9%

6 months-35.5%

1 year-42.0%

3Y CAGR-2.9%

5Y CAGR+11.5%

10Y CAGR-1.8%

50-day avg₹6.85

200-day avg₹8.36

RSI (14)53

FAQs

What is the share price of RattanIndia Power Limited?

RattanIndia Power Limited (RTNPOWER) closed at ₹6.64 on NSE on 06 Nov 2026.

What is the market cap of RattanIndia Power Limited?

₹3,566 crore at the latest close.

What is the P/E ratio of RattanIndia Power Limited?

19.7, on trailing-twelve-month earnings from its filings.

How fast is RattanIndia Power Limited growing?

RattanIndia Power Limited: revenue has compounded at -2.5% a year over three years. Latest-quarter revenue is up 7.5% year on year.

How profitable is RattanIndia Power Limited?

On a trailing-twelve-month basis return on equity is 3.8%, return on capital employed 6.6%, operating margin 15.9%, net margin 6.0%.

How much debt does RattanIndia Power Limited have?

RattanIndia Power Limited is moderately geared: debt to equity is 0.78 with borrowings of ₹3,663 cr against cash of ₹129 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.5 times.

Financials parsed from RattanIndia Power Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.