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Last Updated: April 2, 2026, 3:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533122 | NSE: RTNPOWER

Rattanindia Power Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.27Undervalued by 35.78%vs CMP ₹8.30

P/E (32.9) × ROE (5.0%) × BV (₹8.46) × DY (2.00%)

₹10.50Undervalued by 26.51%vs CMP ₹8.30
MoS: +21% (Adequate)Confidence: 43/100 (Low)Models: 3 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹15.5127%Under (+86.9%)
Graham NumberEarnings₹6.9016%Over (-16.9%)
Earnings PowerEarnings₹13.2913%Under (+60.1%)
Net Asset ValueAssets₹8.469%Fair (+1.9%)
EV/EBITDAEnterprise₹5.1311%Over (-38.2%)
Earnings YieldEarnings₹2.509%Over (-69.9%)
ROCE CapitalReturns₹17.469%Under (+110.4%)
Revenue MultipleRevenue₹6.127%Over (-26.3%)
Consensus (8 models)₹10.50100%Undervalued
Key Drivers: EPS CAGR 37.6% lifts DCF — verify sustainability. | ROE 5.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 37.6%

*Investments are subject to market risks

Investment Snapshot

39
Rattanindia Power Ltd scores 39/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health39/100 · Weak
ROCE 8.7% AverageROE 5.0% WeakD/E -13.83 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 44.1% Stable
Earnings Quality30/100 · Weak
OPM contracting (24% → 19%) DecliningWorking capital: 198 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): -99% YoY DecliningOPM: 18.0% (up 6.0% YoY) Margin expansion
Industry Rank35/100 · Weak
P/E 32.9 vs industry 41.9 In-lineROCE 8.7% vs industry 9.0% AverageROE 5.0% vs industry 11.7% Below peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:34 am

Market Cap 4,457 Cr.
Current Price 8.30
Intrinsic Value₹10.50
High / Low 16.9/7.50
Stock P/E32.9
Book Value 8.46
Dividend Yield0.00 %
ROCE8.69 %
ROE4.96 %
Face Value 10.0
PEG Ratio0.87

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Rattanindia Power Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Rattanindia Power Ltd 4,457 Cr. 8.30 16.9/7.5032.9 8.460.00 %8.69 %4.96 % 10.0
PTC India Ltd 4,953 Cr. 167 207/1437.96 1976.99 %11.5 %12.3 % 10.0
Reliance Infrastructure Ltd 2,853 Cr. 69.8 425/64.20.57 4140.00 %34.0 %37.5 % 10.0
Gujarat Industries Power Co Ltd 2,009 Cr. 129 224/12013.8 2283.16 %6.44 %6.19 % 10.0
GMR Power & Urban Infra Ltd 7,681 Cr. 98.4 141/89.0 19.70.00 %13.2 %% 5.00
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of Rattanindia Power Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 850901847796806914932682733936822654728
Expenses 652704691685635708743588643724725602601
Operating Profit 19819715711117220618994902129752127
OPM % 23%22%18%14%21%23%20%14%12%23%12%8%18%
Other Income 828889888210,71785899192999099
Interest 656651678726719239121124116118148112110
Depreciation 103971021051066959606160616161
Profit before tax -480-463-535-632-57210,61593-14126-13-3254
Tax % 0%4%3%0%3%-0%0%0%0%0%0%0%0%
Net Profit -480-483-549-633-58710,66693-14126-13-3254
EPS in Rs -0.89-0.90-1.02-1.18-1.0919.860.17-0.000.010.23-0.02-0.060.10

Last Updated: February 4, 2026, 10:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3396252,5961,3912,0541,9241,7741,5603,2603,2313,3643,2843,140
Expenses 2966001,6436781,4991,3721,2669202,4572,4932,7182,6992,652
Operating Profit 4326953712555551508640803738646585488
OPM % 13%4%37%51%27%29%29%41%25%23%19%18%16%
Other Income 596181155148-1,1552,8781,074-2832810,976357380
Interest 1325461,2041,2381,9542,3042,8052,2412,3422,5122,363479489
Depreciation 67190236254400420417416414404382241243
Profit before tax -97-649-406-624-1,650-3,328165-942-1,981-1,8498,876222136
Tax % 5%2%6%1%1%0%0%0%0%1%-0%0%
Net Profit -101-664-432-631-1,663-3,328165-942-1,981-1,8708,897222136
EPS in Rs -0.38-2.25-1.46-2.13-5.63-11.240.33-1.75-3.69-3.4816.570.410.25
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-557.43%34.94%-46.06%-163.55%-100.12%104.96%-670.91%-110.30%5.60%575.78%-97.50%
Change in YoY Net Profit Growth (%)0.00%592.37%-81.00%-117.49%63.43%205.08%-775.87%560.61%115.90%570.17%-673.28%

Rattanindia Power Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:13%
3 Years:0%
TTM:-8%
Compounded Profit Growth
10 Years:9%
5 Years:16%
3 Years:29%
TTM:111%
Stock Price CAGR
10 Years:7%
5 Years:32%
3 Years:37%
1 Year:-23%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:5%

Last Updated: September 5, 2025, 1:00 pm

Balance Sheet

Last Updated: December 4, 2025, 1:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2,6432,9532,8452,8452,9452,9534,9405,3705,3705,3705,3705,3705,370
Reserves 2,7302,1441,9021,223-447-3,711-4,510-5,995-8,032-9,903-1,006-785-829
Borrowings 10,67912,21613,55214,70214,63313,87112,51012,25511,54711,0183,5623,6153,854
Other Liabilities 1,3741,3722,2252,4204,2386,3286,1566,9858,77310,8871,6401,5961,577
Total Liabilities 17,42618,68420,52521,19121,37019,44119,09518,61517,65817,3729,5669,7969,971
Fixed Assets 4,6758,7959,26810,79315,01114,59214,41013,99513,38113,0516,4126,2536,157
CWIP 9,1206,6746,6596,3392,2832,3541,5841,5741,1421,110676577
Investments 202007010193275048000
Other Assets 3,6103,1954,5983,9884,0662,3012,8263,0463,1313,2033,0873,4783,737
Total Assets 17,42618,68420,52521,19121,37019,44119,09518,61517,65817,3729,5669,7969,971

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 42-185111,2062158366107369341,0151,306410
Cash from Investing Activity + -607-237-108-493-107-161-9110155-5-46287
Cash from Financing Activity + 604372169-722-235-801-476-795-952-977-902-440
Net Cash Flow 39-4971-9-127-12744423733-5857
Free Cash Flow -772-962-160784-518155957339199851,207293
CFO/OP 138%-698%2%170%40%152%120%109%117%137%203%70%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow33.0014.00940.00698.00541.00538.00496.00628.00792.00727.00643.00582.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 114120120208236237316457248282224271
Inventory Days
Days Payable
Cash Conversion Cycle 114120120208236237316457248282224271
Working Capital Days -549-796-83-580-741-1,318-973-1,457-1,048-1,757124198
ROCE %0%-1%4%3%2%2%2%11%8%9%8%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%
FIIs 0.30%0.31%0.48%0.76%2.04%3.69%4.39%5.01%5.25%4.95%5.12%5.23%
DIIs 7.20%7.20%7.14%6.89%6.61%6.57%6.57%6.53%6.65%6.67%6.65%6.65%
Public 48.44%48.44%48.31%48.28%47.29%45.67%44.96%44.40%44.03%44.31%44.16%44.06%
No. of Shareholders 6,91,5137,80,8187,95,42010,75,98713,22,74520,63,33719,80,55219,61,97219,73,22420,77,82820,51,56519,86,077

Shareholding Pattern Chart

No. of Shareholders

Rattanindia Power Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 2,734,224 0.42 2.432,734,2242025-04-22 15:56:540%
Samco Active Momentum Fund 1,260,000 0.24 1.121,260,0002025-04-22 15:56:540%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.4116.57-3.48-3.69-1.88
Diluted EPS (Rs.) 0.4116.57-3.48-3.69-1.88
Cash EPS (Rs.) 0.8617.28-2.73-2.92-0.98
Book Value[Excl.RevalReserv]/Share (Rs.) 8.548.13-8.44-4.96-1.17
Book Value[Incl.RevalReserv]/Share (Rs.) 8.548.13-8.44-4.96-1.17
Revenue From Operations / Share (Rs.) 6.126.266.026.072.90
PBDIT / Share (Rs.) 1.751.841.992.263.19
PBIT / Share (Rs.) 1.301.131.231.492.42
PBT / Share (Rs.) 0.4116.53-3.44-3.69-1.75
Net Profit / Share (Rs.) 0.4116.57-3.48-3.69-1.75
NP After MI And SOA / Share (Rs.) 0.4116.57-3.48-3.69-1.75
PBDIT Margin (%) 28.6629.3232.9937.19109.90
PBIT Margin (%) 21.3317.9720.4824.4883.26
PBT Margin (%) 6.75263.86-57.23-60.78-60.38
Net Profit Margin (%) 6.75264.46-57.86-60.78-60.38
NP After MI And SOA Margin (%) 6.75264.46-57.86-60.78-60.36
Return on Networth / Equity (%) 4.84203.870.000.000.00
Return on Capital Employeed (%) 8.057.27-63.1114.5313.40
Return On Assets (%) 2.2693.00-10.76-11.22-5.05
Long Term Debt / Equity (X) 0.620.62-0.48-2.46-13.78
Total Debt / Equity (X) 0.680.72-2.34-4.11-13.83
Asset Turnover Ratio (%) 0.330.240.180.210.10
Current Ratio (X) 2.952.280.160.250.33
Quick Ratio (X) 2.712.090.160.240.29
Inventory Turnover Ratio (X) 13.1017.980.000.000.00
Interest Coverage Ratio (X) 1.970.410.420.510.76
Interest Coverage Ratio (Post Tax) (X) 1.460.260.250.340.57
Enterprise Value (Cr.) 8439.887522.3412335.2114100.1910376.06
EV / Net Operating Revenue (X) 2.572.243.824.336.65
EV / EBITDA (X) 8.967.6211.5711.636.05
MarketCap / Net Operating Revenue (X) 1.601.320.490.870.88
Price / BV (X) 1.151.02-0.34-1.08-2.20
Price / Net Operating Revenue (X) 1.601.320.490.870.88
EarningsYield 0.042.00-1.18-0.69-0.68

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

RattanIndia Power Ltd. is a Public Limited Listed company incorporated on 08/10/2007 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L40102DL2007PLC169082 and registration number is 169082. Currently Company is involved in the business activities of Electric power generation by coal based thermal power plants. Company's Total Operating Revenue is Rs. 3283.83 Cr. and Equity Capital is Rs. 5370.11 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionA-49, Ground Floor, New Delhi Delhi 110037Contact not found
Management
NamePosition Held
Mr. Rajiv RattanChairman & Executive Director
Mr. Himanshu MathurWhole Time Director
Mr. Ravi Kumar PakalapatiWhole Time Director
Dr. Virender SinghIndependent Director
Mr. Ajay Kumar TandonIndependent Director
Mrs. Pritika PooniaIndependent Woman Director

FAQ

What is the intrinsic value of Rattanindia Power Ltd and is it undervalued?

As of 19 April 2026, Rattanindia Power Ltd's intrinsic value is ₹10.50, which is 26.51% higher than the current market price of ₹8.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.96 %), book value (₹8.46), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Rattanindia Power Ltd?

Rattanindia Power Ltd is trading at ₹8.30 as of 19 April 2026, with a FY2026-2027 high of ₹16.9 and low of ₹7.50. The stock is currently near its 52-week low. Market cap stands at ₹4,457 Cr..

How does Rattanindia Power Ltd's P/E ratio compare to its industry?

Rattanindia Power Ltd has a P/E ratio of 32.9, which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is Rattanindia Power Ltd financially healthy?

Key indicators for Rattanindia Power Ltd: ROCE of 8.69 % is on the lower side compared to the industry average of 8.95%; ROE of 4.96 % is below ideal levels (industry average: 11.73%). Dividend yield is 0.00 %.

Is Rattanindia Power Ltd profitable and how is the profit trend?

Rattanindia Power Ltd reported a net profit of ₹222 Cr in Mar 2025 on revenue of ₹3,284 Cr. Compared to ₹-1,981 Cr in Mar 2022, the net profit shows an improving trend.

Does Rattanindia Power Ltd pay dividends?

Rattanindia Power Ltd has a dividend yield of 0.00 % at the current price of ₹8.30. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rattanindia Power Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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