RattanIndia Power Ltd.
•₹ 7.891.54%
2026-08-21
PROS
- Company has a healthy return on capital (ROCE) of 57.9%
- Latest quarter profit grew 449.7% YoY, showing strong momentum
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (160.8% of PBT)
- Recent results are weak - TTM profit is down 50.6% versus prior year
- Company has a low return on equity of 1.7% over last 3 years
- Receivables are growing faster than sales - a possible quality concern
- Interest coverage is weak at 1.5x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.38x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPOWER | 203.70 | 27.56 | 392829.23 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| 2. | NTPC | 334.75 | 11.69 | 324595.90 | 2.69 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| 3. | POWERGRID | 262.45 | 15.36 | 244094.35 | 3.43 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| 4. | ADANIGREEN | 1290.00 | 119.11 | 212485.72 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| 5. | ADANIENSOL | 1540.00 | 64.52 | 188334.99 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| 6. | TATAPOWER | 378.20 | 31.28 | 120847.74 | 0.66 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| 7. | JSWENERGY | 540.20 | 50.35 | 99044.74 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| 8. | NTPCGREEN | 91.62 | 127.19 | 77202.03 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| 9. | NHPC | 76.00 | 20.11 | 76342.26 | 2.12 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| 10. | TORNTPOWER | 1244.00 | 26.98 | 62685.60 | 1.61 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| 11. | NLCINDIA | 269.55 | 11.65 | 37376.79 | 1.43 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.57 | 32.83 |
| 12. | RTNPOWER | 7.82 | 37.70 | 4199.42 | 0.00 | 458.50 | 3597.33 | 7985.50 | 871.52 | 8.74 | 15.65 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 847 | 796 | 806 | 914 | 932 | 682 | 733 | 936 | 822 | 654 | 728 | 788 | 799 | |
| 691 | 685 | 635 | 708 | 743 | 588 | 643 | 724 | 725 | 602 | 601 | 658 | 821 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 89 | 88 | 82 | 82 | 85 | 89 | 91 | 92 | 99 | 90 | 99 | 67 | 68 |
| Interest | 678 | 726 | 719 | 239 | 121 | 124 | 116 | 118 | 148 | 112 | 110 | 91 | 86 |
| Depreciation | 102 | 105 | 106 | 69 | 59 | 60 | 61 | 60 | 61 | 61 | 61 | 64 | 61 |
| -535 | -632 | -572 | 10,615 | 93 | -1 | 4 | 126 | -13 | -32 | 54 | 43 | 46 | |
| Tax % | -2.67% | -0.17% | -2.62% | -0.48% | 0.00% | -0.00% | 0.00% | 0.00% | -0.00% | -0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0 | 0 | 0 | 0 | 93 | -1 | 4 | 126 | -13 | -32 | 54 | 43 | 46 |
| -1 | -1 | -1 | 20 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | |
| Equity Capital | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 847
- 691
- Operating Profit
- —
- OPM %
- —
- Other Income
- 89
- Interest
- 678
- Depreciation
- 102
- -535
- Tax %
- -2.67%
- Net Profit
- 0
- -1
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 796
- 685
- Operating Profit
- —
- OPM %
- —
- Other Income
- 88
- Interest
- 726
- Depreciation
- 105
- -632
- Tax %
- -0.17%
- Net Profit
- 0
- -1
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 806
- 635
- Operating Profit
- —
- OPM %
- —
- Other Income
- 82
- Interest
- 719
- Depreciation
- 106
- -572
- Tax %
- -2.62%
- Net Profit
- 0
- -1
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 914
- 708
- Operating Profit
- —
- OPM %
- —
- Other Income
- 82
- Interest
- 239
- Depreciation
- 69
- 10,615
- Tax %
- -0.48%
- Net Profit
- 0
- 20
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 932
- 743
- Operating Profit
- —
- OPM %
- —
- Other Income
- 85
- Interest
- 121
- Depreciation
- 59
- 93
- Tax %
- 0.00%
- Net Profit
- 93
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 682
- 588
- Operating Profit
- —
- OPM %
- —
- Other Income
- 89
- Interest
- 124
- Depreciation
- 60
- -1
- Tax %
- -0.00%
- Net Profit
- -1
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 733
- 643
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 116
- Depreciation
- 61
- 4
- Tax %
- 0.00%
- Net Profit
- 4
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 936
- 724
- Operating Profit
- —
- OPM %
- —
- Other Income
- 92
- Interest
- 118
- Depreciation
- 60
- 126
- Tax %
- 0.00%
- Net Profit
- 126
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 822
- 725
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 148
- Depreciation
- 61
- -13
- Tax %
- -0.00%
- Net Profit
- -13
- -0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 654
- 602
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 112
- Depreciation
- 61
- -32
- Tax %
- -0.00%
- Net Profit
- -32
- -0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 728
- 601
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 110
- Depreciation
- 61
- 54
- Tax %
- 0.00%
- Net Profit
- 54
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 788
- 658
- Operating Profit
- —
- OPM %
- —
- Other Income
- 67
- Interest
- 91
- Depreciation
- 64
- 43
- Tax %
- 0.00%
- Net Profit
- 43
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 799
- 821
- Operating Profit
- —
- OPM %
- —
- Other Income
- 68
- Interest
- 86
- Depreciation
- 61
- 46
- Tax %
- 0.00%
- Net Profit
- 46
- 0
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5,370
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,596 | 1,391 | 2,054 | 1,924 | 1,774 | 1,560 | 3,260 | 3,231 | 3,364 | 3,284 | 2,968 | |
| 1,643 | 679 | 1,500 | 1,373 | 1,266 | 920 | 2,457 | 2,493 | 2,718 | 2,699 | 2,681 | |
| Operating Profit | 1,034 | 867 | 704 | 725 | 719 | 1,714 | 1,213 | 1,067 | 987 | 941 | — |
| OPM % | 40 | 62 | 34 | 38 | 41 | 110 | 37 | 33 | 29 | 29 | — |
| Other Income | 81 | 155 | 149 | 175 | 211 | 1,074 | 410 | 328 | 341 | 357 | 324 |
| Interest | 1,204 | 1,238 | 1,954 | 2,304 | 2,805 | 2,241 | 2,342 | 2,512 | 2,363 | 479 | 399 |
| Depreciation | 236 | 254 | 400 | 420 | 417 | 416 | 414 | 404 | 382 | 241 | 247 |
| -406 | -624 | -1,650 | -3,328 | 165 | -942 | -1,981 | -1,849 | 8,876 | 222 | 111 | |
| Tax % | -6 | -1 | -1 | 0 | 0 | -0 | 0 | -1 | -0 | 0 | 0 |
| Net Profit | -432 | -631 | -1,663 | -3,328 | 165 | -942 | -1,981 | -1,870 | 8,897 | 222 | 111 |
| EPS | 0 | 0 | 0 | 0 | 0 | -2 | -4 | -3 | 17 | 0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | -2 | -6 | -11 | 0 | -2 | -4 | -3 | 17 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | -2 | -6 | -11 | 0 | -2 | -4 | -3 | 17 | 0 | — |
Mar 2016
- 2,596
- 1,643
- Operating Profit
- 1,034
- OPM %
- 40
- Other Income
- 81
- Interest
- 1,204
- Depreciation
- 236
- -406
- Tax %
- -6
- Net Profit
- -432
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2017
- 1,391
- 679
- Operating Profit
- 867
- OPM %
- 62
- Other Income
- 155
- Interest
- 1,238
- Depreciation
- 254
- -624
- Tax %
- -1
- Net Profit
- -631
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2018
- 2,054
- 1,500
- Operating Profit
- 704
- OPM %
- 34
- Other Income
- 149
- Interest
- 1,954
- Depreciation
- 400
- -1,650
- Tax %
- -1
- Net Profit
- -1,663
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2019
- 1,924
- 1,373
- Operating Profit
- 725
- OPM %
- 38
- Other Income
- 175
- Interest
- 2,304
- Depreciation
- 420
- -3,328
- Tax %
- 0
- Net Profit
- -3,328
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- -11
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- -11
Mar 2020
- 1,774
- 1,266
- Operating Profit
- 719
- OPM %
- 41
- Other Income
- 211
- Interest
- 2,805
- Depreciation
- 417
- 165
- Tax %
- 0
- Net Profit
- 165
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 1,560
- 920
- Operating Profit
- 1,714
- OPM %
- 110
- Other Income
- 1,074
- Interest
- 2,241
- Depreciation
- 416
- -942
- Tax %
- -0
- Net Profit
- -942
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2022
- 3,260
- 2,457
- Operating Profit
- 1,213
- OPM %
- 37
- Other Income
- 410
- Interest
- 2,342
- Depreciation
- 414
- -1,981
- Tax %
- 0
- Net Profit
- -1,981
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2023
- 3,231
- 2,493
- Operating Profit
- 1,067
- OPM %
- 33
- Other Income
- 328
- Interest
- 2,512
- Depreciation
- 404
- -1,849
- Tax %
- -1
- Net Profit
- -1,870
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2024
- 3,364
- 2,718
- Operating Profit
- 987
- OPM %
- 29
- Other Income
- 341
- Interest
- 2,363
- Depreciation
- 382
- 8,876
- Tax %
- -0
- Net Profit
- 8,897
- EPS
- 17
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2025
- 3,284
- 2,699
- Operating Profit
- 941
- OPM %
- 29
- Other Income
- 357
- Interest
- 479
- Depreciation
- 241
- 222
- Tax %
- 0
- Net Profit
- 222
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
TTM
- 2,968
- 2,681
- Operating Profit
- —
- OPM %
- —
- Other Income
- 324
- Interest
- 399
- Depreciation
- 247
- 111
- Tax %
- 0
- Net Profit
- 111
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 18%
- 5 Years:
- 13%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 6%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -2%
- 5 Years:
- 8%
- 3 Years:
- 18%
- 1 Year:
- -38%
RETURN ON EQUITY
- 10 Years:
- -45%
- 5 Years:
- 1%
- 3 Years:
- 2%
- Last Year:
- 5%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 2,845 | 2,845 | 2,945 | 2,953 | 4,940 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 |
| 1,902 | 1,222 | -447 | -3,712 | -4,511 | -5,996 | -8,032 | -9,903 | -1,006 | -785 | |
| 965 | 2,565 | 3,531 | 3,933 | 2,633 | 3,034 | 4,378 | 8,431 | 9 | 4 | |
| Trade Payables | 281 | 53 | 45 | 14 | 11 | 27 | 213 | 283 | 157 | 173 |
| 14,531 | 14,504 | 15,295 | 16,252 | 16,022 | 16,180 | 15,729 | 13,191 | 5,036 | 5,035 | |
| Total Liabilities | 20,525 | 21,191 | 21,370 | 19,441 | 19,095 | 18,615 | 17,658 | 17,372 | 9,566 | 9,796 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 9,268 | 10,793 | 15,011 | 14,592 | 14,410 | 13,995 | 13,381 | 13,051 | 6,412 | 6,253 | |
| Capital Work in Progress | 4,192 | 6,339 | 2,283 | 2,354 | 1,584 | 1,574 | 1,142 | 1,110 | 67 | 65 |
| 0 | 70 | 10 | 193 | 275 | 0 | 4 | 8 | 0 | 0 | |
| 270 | 83 | 153 | 442 | 654 | 277 | 137 | 136 | 238 | 263 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,064 | 2,435 | |
| Cash & Bank | 289 | 310 | 186 | 43 | 126 | 248 | 270 | 234 | 462 | 363 |
| 6,507 | 3,595 | 3,727 | 1,817 | 2,047 | 2,521 | 2,725 | 2,834 | 323 | 417 | |
| Total Assets | 20,525 | 21,191 | 21,370 | 19,441 | 19,095 | 18,615 | 17,658 | 17,372 | 9,566 | 9,796 |
| Total Debt | 13,552 | 14,702 | 14,633 | 13,871 | 12,510 | 12,240 | 11,517 | 10,994 | 3,547 | 3,543 |
| Net Working Capital | -302 | -1,829 | -3,976 | -6,713 | -4,328 | -5,977 | -9,084 | -15,310 | 1,607 | 2,143 |
| Contingent Liabilities | 60 | 60 | 60 | 60 | 60 | 1,398 | 711 | 1,415 | 431 | 432 |
| Book Value per Share | 16.68 | 14.30 | 8.48 | -2.57 | 0.87 | -1.16 | -4.96 | -8.44 | 8.13 | 8.54 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 13,552 | 14,702 | 14,633 | 13,871 | 12,510 | 12,240 | 11,517 | 10,994 | 3,547 | 3,543 |
| Net Working Capital | -302 | -1,829 | -3,976 | -6,713 | -4,328 | -5,977 | -9,084 | -15,310 | 1,607 | 2,143 |
| Contingent Liabilities | 60 | 60 | 60 | 60 | 60 | 1,398 | 711 | 1,415 | 431 | 432 |
| Book Value per Share | 16.68 | 14.30 | 8.48 | -2.57 | 0.87 | -1.16 | -4.96 | -8.44 | 8.13 | 8.54 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 2,845
- 1,902
- 965
- Trade Payables
- 281
- 14,531
- Total Liabilities
- 20,525
- 9,268
- Capital Work in Progress
- 4,192
- 0
- 270
- 0
- Cash & Bank
- 289
- 6,507
- Total Assets
- 20,525
- Total Debt
- 13,552
- Net Working Capital
- -302
- Contingent Liabilities
- 60
- Book Value per Share
- 16.68
- Face Value
- 10.00
- Total Debt
- 13,552
- Net Working Capital
- -302
- Contingent Liabilities
- 60
- Book Value per Share
- 16.68
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 2,845
- 1,222
- 2,565
- Trade Payables
- 53
- 14,504
- Total Liabilities
- 21,191
- 10,793
- Capital Work in Progress
- 6,339
- 70
- 83
- 0
- Cash & Bank
- 310
- 3,595
- Total Assets
- 21,191
- Total Debt
- 14,702
- Net Working Capital
- -1,829
- Contingent Liabilities
- 60
- Book Value per Share
- 14.30
- Face Value
- 10.00
- Total Debt
- 14,702
- Net Working Capital
- -1,829
- Contingent Liabilities
- 60
- Book Value per Share
- 14.30
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 2,945
- -447
- 3,531
- Trade Payables
- 45
- 15,295
- Total Liabilities
- 21,370
- 15,011
- Capital Work in Progress
- 2,283
- 10
- 153
- 0
- Cash & Bank
- 186
- 3,727
- Total Assets
- 21,370
- Total Debt
- 14,633
- Net Working Capital
- -3,976
- Contingent Liabilities
- 60
- Book Value per Share
- 8.48
- Face Value
- 10.00
- Total Debt
- 14,633
- Net Working Capital
- -3,976
- Contingent Liabilities
- 60
- Book Value per Share
- 8.48
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 2,953
- -3,712
- 3,933
- Trade Payables
- 14
- 16,252
- Total Liabilities
- 19,441
- 14,592
- Capital Work in Progress
- 2,354
- 193
- 442
- 0
- Cash & Bank
- 43
- 1,817
- Total Assets
- 19,441
- Total Debt
- 13,871
- Net Working Capital
- -6,713
- Contingent Liabilities
- 60
- Book Value per Share
- -2.57
- Face Value
- 10.00
- Total Debt
- 13,871
- Net Working Capital
- -6,713
- Contingent Liabilities
- 60
- Book Value per Share
- -2.57
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 4,940
- -4,511
- 2,633
- Trade Payables
- 11
- 16,022
- Total Liabilities
- 19,095
- 14,410
- Capital Work in Progress
- 1,584
- 275
- 654
- 0
- Cash & Bank
- 126
- 2,047
- Total Assets
- 19,095
- Total Debt
- 12,510
- Net Working Capital
- -4,328
- Contingent Liabilities
- 60
- Book Value per Share
- 0.87
- Face Value
- 10.00
- Total Debt
- 12,510
- Net Working Capital
- -4,328
- Contingent Liabilities
- 60
- Book Value per Share
- 0.87
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 5,370
- -5,996
- 3,034
- Trade Payables
- 27
- 16,180
- Total Liabilities
- 18,615
- 13,995
- Capital Work in Progress
- 1,574
- 0
- 277
- 0
- Cash & Bank
- 248
- 2,521
- Total Assets
- 18,615
- Total Debt
- 12,240
- Net Working Capital
- -5,977
- Contingent Liabilities
- 1,398
- Book Value per Share
- -1.16
- Face Value
- 10.00
- Total Debt
- 12,240
- Net Working Capital
- -5,977
- Contingent Liabilities
- 1,398
- Book Value per Share
- -1.16
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 5,370
- -8,032
- 4,378
- Trade Payables
- 213
- 15,729
- Total Liabilities
- 17,658
- 13,381
- Capital Work in Progress
- 1,142
- 4
- 137
- 0
- Cash & Bank
- 270
- 2,725
- Total Assets
- 17,658
- Total Debt
- 11,517
- Net Working Capital
- -9,084
- Contingent Liabilities
- 711
- Book Value per Share
- -4.96
- Face Value
- 10.00
- Total Debt
- 11,517
- Net Working Capital
- -9,084
- Contingent Liabilities
- 711
- Book Value per Share
- -4.96
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 5,370
- -9,903
- 8,431
- Trade Payables
- 283
- 13,191
- Total Liabilities
- 17,372
- 13,051
- Capital Work in Progress
- 1,110
- 8
- 136
- 0
- Cash & Bank
- 234
- 2,834
- Total Assets
- 17,372
- Total Debt
- 10,994
- Net Working Capital
- -15,310
- Contingent Liabilities
- 1,415
- Book Value per Share
- -8.44
- Face Value
- 10.00
- Total Debt
- 10,994
- Net Working Capital
- -15,310
- Contingent Liabilities
- 1,415
- Book Value per Share
- -8.44
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 5,370
- -1,006
- 9
- Trade Payables
- 157
- 5,036
- Total Liabilities
- 9,566
- 6,412
- Capital Work in Progress
- 67
- 0
- 238
- 2,064
- Cash & Bank
- 462
- 323
- Total Assets
- 9,566
- Total Debt
- 3,547
- Net Working Capital
- 1,607
- Contingent Liabilities
- 431
- Book Value per Share
- 8.13
- Face Value
- 10.00
- Total Debt
- 3,547
- Net Working Capital
- 1,607
- Contingent Liabilities
- 431
- Book Value per Share
- 8.13
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 5,370
- -785
- 4
- Trade Payables
- 173
- 5,035
- Total Liabilities
- 9,796
- 6,253
- Capital Work in Progress
- 65
- 0
- 263
- 2,435
- Cash & Bank
- 363
- 417
- Total Assets
- 9,796
- Total Debt
- 3,543
- Net Working Capital
- 2,143
- Contingent Liabilities
- 432
- Book Value per Share
- 8.54
- Face Value
- 10.00
- Total Debt
- 3,543
- Net Working Capital
- 2,143
- Contingent Liabilities
- 432
- Book Value per Share
- 8.54
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 1,206 | 215 | 836 | 610 | 736 | 934 | 1,015 | 1,306 | 410 | |
| Cash from Investing | -108 | -493 | -107 | -161 | -91 | 101 | 59 | -5 | -462 | 87 |
| Cash from Financing | 169 | -722 | -235 | -801 | -476 | -795 | -956 | -977 | -902 | -440 |
| 71 | -9 | -127 | -127 | 44 | 42 | 37 | 33 | -58 | 57 | |
| Free Cash Flow | -288 | -2,722 | -346 | 776 | 610 | 736 | 934 | 977 | 1,306 | 346 |
| OCF / Net Profit | -0.02 | -1.91 | -0.13 | -0.25 | 3.70 | -0.78 | -0.47 | -0.54 | 0.15 | 1.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1,971 | -946 | 2,710 | 4,033 | 4,563 | 4,299 |
| OCF / Net Profit | -0.02 | -1.91 | -0.13 | -0.25 | 3.70 | -0.78 | -0.47 | -0.54 | 0.15 | 1.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1,971 | -946 | 2,710 | 4,033 | 4,563 | 4,299 |
Mar 2016
- 11
- Cash from Investing
- -108
- Cash from Financing
- 169
- 71
- Free Cash Flow
- -288
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 0
Mar 2017
- 1,206
- Cash from Investing
- -493
- Cash from Financing
- -722
- -9
- Free Cash Flow
- -2,722
- OCF / Net Profit
- -1.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.91
- Cumulative 5-Year FCF
- 0
Mar 2018
- 215
- Cash from Investing
- -107
- Cash from Financing
- -235
- -127
- Free Cash Flow
- -346
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- 0
Mar 2019
- 836
- Cash from Investing
- -161
- Cash from Financing
- -801
- -127
- Free Cash Flow
- 776
- OCF / Net Profit
- -0.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.25
- Cumulative 5-Year FCF
- 0
Mar 2020
- 610
- Cash from Investing
- -91
- Cash from Financing
- -476
- 44
- Free Cash Flow
- 610
- OCF / Net Profit
- 3.70
- Cumulative 5-Year FCF
- -1,971
- OCF / Net Profit
- 3.70
- Cumulative 5-Year FCF
- -1,971
Mar 2021
- 736
- Cash from Investing
- 101
- Cash from Financing
- -795
- 42
- Free Cash Flow
- 736
- OCF / Net Profit
- -0.78
- Cumulative 5-Year FCF
- -946
- OCF / Net Profit
- -0.78
- Cumulative 5-Year FCF
- -946
Mar 2022
- 934
- Cash from Investing
- 59
- Cash from Financing
- -956
- 37
- Free Cash Flow
- 934
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- 2,710
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- 2,710
Mar 2023
- 1,015
- Cash from Investing
- -5
- Cash from Financing
- -977
- 33
- Free Cash Flow
- 977
- OCF / Net Profit
- -0.54
- Cumulative 5-Year FCF
- 4,033
- OCF / Net Profit
- -0.54
- Cumulative 5-Year FCF
- 4,033
Mar 2024
- 1,306
- Cash from Investing
- -462
- Cash from Financing
- -902
- -58
- Free Cash Flow
- 1,306
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 4,563
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 4,563
Mar 2025
- 410
- Cash from Investing
- 87
- Cash from Financing
- -440
- 57
- Free Cash Flow
- 346
- OCF / Net Profit
- 1.85
- Cumulative 5-Year FCF
- 4,299
- OCF / Net Profit
- 1.85
- Cumulative 5-Year FCF
- 4,299
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -1.52 | -2.22 | -5.65 | -11.24 | 0.33 | -1.75 | -3.69 | -3.48 | 16.57 | 0.41 |
| Book Value (₹) | 16.68 | 14.30 | 8.48 | -2.57 | 0.87 | -1.16 | -4.96 | -8.44 | 8.13 | 8.54 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.69 | -1.33 | -4.29 | -9.85 | 1.18 | -0.98 | -2.92 | -2.73 | 17.28 | 0.86 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 39.85% | 62.37% | 34.26% | 37.71% | 40.53% | 109.91% | 37.20% | 33.01% | 19.20% | 17.80% |
| Net Margin % | -16.63% | -45.35% | -80.97% | -173.01% | 9.31% | -60.38% | -60.79% | -57.87% | 264.47% | 6.76% |
| ROE % | -8.77% | -14.31% | -50.67% | -382.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.96% |
| ROCE % | 4.55% | 3.31% | 1.69% | -6.77% | 22.80% | 10.58% | 3.52% | 8.65% | 156.41% | 8.74% |
| -2.20% | -3.02% | -7.82% | -16.31% | 0.86% | -5.00% | -10.92% | -10.68% | 66.05% | 2.29% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 75 | 216 | 188 | 244 | 286 | 408 | 250 | 282 | 247 | 250 |
| Inventory Days | 25 | 46 | 21 | 56 | 113 | 109 | 23 | 15 | 20 | 28 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 100 | 263 | 209 | 301 | 399 | 517 | 273 | 298 | 267 | 278 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.85x | 3.61x | 5.86x | -18.28x | 29.15x | -19.57x | -4.33x | -2.43x | 0.81x | 0.77x |
| Interest Coverage (x) | 0.66x | 0.50x | 0.16x | -0.44x | 1.06x | 0.58x | 0.15x | 0.26x | 4.76x | 1.46x |
| 0.90x | 0.56x | 0.42x | 0.26x | 0.41x | 0.33x | 0.25x | 0.17x | 2.28x | 2.95x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 315.24% | -46.44% | 47.74% | -6.37% | -7.78% | -12.07% | 108.96% | -0.87% | 4.11% | -2.38% |
| Operating Profit Growth % | 1090.94% | -16.16% | -18.84% | 3.07% | -0.89% | 138.43% | -29.27% | -12.05% | -7.49% | -4.58% |
| Net Profit Growth % | 34.98% | -46.08% | -163.80% | -100.06% | 104.96% | -670.29% | -110.37% | 5.63% | 575.80% | -97.51% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 575.80% | -97.51% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.50x | 23.71x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.02x | 1.15x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.63x | 8.97x |
Mar 2016
- EPS (₹)
- -1.52
- Book Value (₹)
- 16.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.69
- Operating Margin %
- 39.85%
- Net Margin %
- -16.63%
- ROE %
- -8.77%
- ROCE %
- 4.55%
- -2.20%
- Debtor Days
- 75
- Inventory Days
- 25
- Payable Days
- 0
- 100
- Debt to Equity (x)
- 2.85x
- Interest Coverage (x)
- 0.66x
- 0.90x
- Revenue Growth %
- 315.24%
- Operating Profit Growth %
- 1090.94%
- Net Profit Growth %
- 34.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -2.22
- Book Value (₹)
- 14.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.33
- Operating Margin %
- 62.37%
- Net Margin %
- -45.35%
- ROE %
- -14.31%
- ROCE %
- 3.31%
- -3.02%
- Debtor Days
- 216
- Inventory Days
- 46
- Payable Days
- 0
- 263
- Debt to Equity (x)
- 3.61x
- Interest Coverage (x)
- 0.50x
- 0.56x
- Revenue Growth %
- -46.44%
- Operating Profit Growth %
- -16.16%
- Net Profit Growth %
- -46.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -5.65
- Book Value (₹)
- 8.48
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.29
- Operating Margin %
- 34.26%
- Net Margin %
- -80.97%
- ROE %
- -50.67%
- ROCE %
- 1.69%
- -7.82%
- Debtor Days
- 188
- Inventory Days
- 21
- Payable Days
- 0
- 209
- Debt to Equity (x)
- 5.86x
- Interest Coverage (x)
- 0.16x
- 0.42x
- Revenue Growth %
- 47.74%
- Operating Profit Growth %
- -18.84%
- Net Profit Growth %
- -163.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -11.24
- Book Value (₹)
- -2.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -9.85
- Operating Margin %
- 37.71%
- Net Margin %
- -173.01%
- ROE %
- -382.65%
- ROCE %
- -6.77%
- -16.31%
- Debtor Days
- 244
- Inventory Days
- 56
- Payable Days
- 0
- 301
- Debt to Equity (x)
- -18.28x
- Interest Coverage (x)
- -0.44x
- 0.26x
- Revenue Growth %
- -6.37%
- Operating Profit Growth %
- 3.07%
- Net Profit Growth %
- -100.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.33
- Book Value (₹)
- 0.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.18
- Operating Margin %
- 40.53%
- Net Margin %
- 9.31%
- ROE %
- 0.00%
- ROCE %
- 22.80%
- 0.86%
- Debtor Days
- 286
- Inventory Days
- 113
- Payable Days
- 0
- 399
- Debt to Equity (x)
- 29.15x
- Interest Coverage (x)
- 1.06x
- 0.41x
- Revenue Growth %
- -7.78%
- Operating Profit Growth %
- -0.89%
- Net Profit Growth %
- 104.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -1.75
- Book Value (₹)
- -1.16
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.98
- Operating Margin %
- 109.91%
- Net Margin %
- -60.38%
- ROE %
- 0.00%
- ROCE %
- 10.58%
- -5.00%
- Debtor Days
- 408
- Inventory Days
- 109
- Payable Days
- 0
- 517
- Debt to Equity (x)
- -19.57x
- Interest Coverage (x)
- 0.58x
- 0.33x
- Revenue Growth %
- -12.07%
- Operating Profit Growth %
- 138.43%
- Net Profit Growth %
- -670.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -3.69
- Book Value (₹)
- -4.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.92
- Operating Margin %
- 37.20%
- Net Margin %
- -60.79%
- ROE %
- 0.00%
- ROCE %
- 3.52%
- -10.92%
- Debtor Days
- 250
- Inventory Days
- 23
- Payable Days
- 0
- 273
- Debt to Equity (x)
- -4.33x
- Interest Coverage (x)
- 0.15x
- 0.25x
- Revenue Growth %
- 108.96%
- Operating Profit Growth %
- -29.27%
- Net Profit Growth %
- -110.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -3.48
- Book Value (₹)
- -8.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.73
- Operating Margin %
- 33.01%
- Net Margin %
- -57.87%
- ROE %
- 0.00%
- ROCE %
- 8.65%
- -10.68%
- Debtor Days
- 282
- Inventory Days
- 15
- Payable Days
- 0
- 298
- Debt to Equity (x)
- -2.43x
- Interest Coverage (x)
- 0.26x
- 0.17x
- Revenue Growth %
- -0.87%
- Operating Profit Growth %
- -12.05%
- Net Profit Growth %
- 5.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 16.57
- Book Value (₹)
- 8.13
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 17.28
- Operating Margin %
- 19.20%
- Net Margin %
- 264.47%
- ROE %
- 0.00%
- ROCE %
- 156.41%
- 66.05%
- Debtor Days
- 247
- Inventory Days
- 20
- Payable Days
- 0
- 267
- Debt to Equity (x)
- 0.81x
- Interest Coverage (x)
- 4.76x
- 2.28x
- Revenue Growth %
- 4.11%
- Operating Profit Growth %
- -7.49%
- Net Profit Growth %
- 575.80%
- 575.80%
- P/E (x)
- 0.50x
- P/B (x)
- 1.02x
- Dividend Yield %
- 0.00%
- 7.63x
Mar 2025
- EPS (₹)
- 0.41
- Book Value (₹)
- 8.54
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.86
- Operating Margin %
- 17.80%
- Net Margin %
- 6.76%
- ROE %
- 4.96%
- ROCE %
- 8.74%
- 2.29%
- Debtor Days
- 250
- Inventory Days
- 28
- Payable Days
- 0
- 278
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 1.46x
- 2.95x
- Revenue Growth %
- -2.38%
- Operating Profit Growth %
- -4.58%
- Net Profit Growth %
- -97.51%
- -97.51%
- P/E (x)
- 23.71x
- P/B (x)
- 1.15x
- Dividend Yield %
- 0.00%
- 8.97x
Documents
Announcements
- Credit Rating
2026-08-10 - RattanIndia Power Limited has informed the Exchange about Credit Rating
- General Updates
2026-07-27 - RattanIndia Power Limited has informed the Exchange about release of Non Disposal Undertaking (NDU) on the shares of the Company.
Annual Reports
Credit Ratings
- Credit Rating
2026-08-10 - RattanIndia Power Limited has informed the Exchange about Credit Rating
Concalls
Jun 2026
Jan 2025
Jun 2024