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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Rattanindia Power Ltd

About the Company - Rattanindia Power Ltd

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. 3259.52 Cr. and Equity Capital is Rs. 5370.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionA-49, Ground Floor, Road No. 4, New Delhi Delhi 110037ir_rpl@rattanindiapower.com
http://www.rattanindiapower.com
Management
NamePosition Held
Mr. Rajiv RattanExecutive Chairman
Mr. Brijesh Narendra GuptaManaging Director
Mr. Asim Kumar DeWhole Time Director
Mr. Baliram Ratna JadhavWhole Time Director
Mr. Himanshu MathurWhole Time Director
Mr. Sharad BehalIndependent Director
Mr. Sanjiv ChhikaraIndependent Director
Mr. Jeevagan Narayana Swami NadarIndependent Director
Mr. Ajay Kumar TandonIndependent Director
Mrs. Pritika PooniaIndependent Woman Director

RattanIndia Power Ltd. Share Price Update

Share PriceValue
Today₹10.16
Previous Day₹10.38

Basic Stock Data of Rattanindia Power Ltd

Market Cap 5,526 Cr.
Current Price 10.3
High / Low12.3/2.80
Stock P/E
Book Value 10.6
Dividend Yield0.00 %
ROCE8.62 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Rattanindia Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
KKV Agro Powers Ltd 68.1 Cr. 1,2011,201/54354.9 3820.42 %12.2 %5.89 % 10.0
Orient Green Power Company Ltd 2,364 Cr. 24.134.6/7.0981.2 8.520.00 %7.19 %1.82 % 10.0
PTC India Ltd 5,771 Cr. 195255/84.011.3 1723.99 %9.21 %9.03 % 10.0
NTPC Ltd 3,23,044 Cr. 333348/16716.5 1582.17 %9.83 %12.0 % 10.0
Gujarat Industries Power Co Ltd 2,934 Cr. 194238/70.714.8 2112.03 %8.06 %6.09 % 10.0
Industry Average16.02 Cr149.4235.74186.31.72%9.3%6.97%10

Rattanindia Power Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales198304862874757805823843638850901847796
Expenses76134644660600557640624514652704691685
Operating Profit122170218214157248183219124198197157111
OPM %62%56%25%24%21%31%22%26%19%23%22%18%14%
Other Income83438481-3627252210797982888988
Interest562572558574589582597586618656651678726
Depreciation10410510210310410410310210310397102105
Profit before tax-461-6939-824-464-387-306-389-518-480-463-535-632
Tax %0%0%0%0%0%0%0%0%0%0%-4%-3%-0%
Net Profit-461-6939-824-464-387-306-389-518-480-483-549-633
EPS in Rs-0.93-0.140.07-1.54-0.86-0.72-0.58-0.72-0.96-0.89-0.90-1.02-1.18

Rattanindia Power Ltd Quarterly Chart

Rattanindia Power Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales003396252,5961,3912,0541,9241,7741,5603,2603,2313,394
Expenses381672966001,6436781,4991,3721,2669202,4572,4932,731
Operating Profit-38-1674326953712555551508640803738663
OPM %13%4%37%51%27%29%29%41%25%23%20%
Other Income16868596181155148-1,1552,8781,074-28328347
Interest561325461,2041,2381,9542,3042,8052,2412,3422,5122,712
Depreciation1167190236254400420417416414404407
Profit before tax124-107-97-649-406-624-1,650-3,328165-942-1,981-1,849-2,109
Tax %29%16%-5%-2%-6%-1%-1%0%0%-0%0%-1%
Net Profit88-89-101-664-432-631-1,663-3,328165-942-1,981-1,870-2,145
EPS in Rs0.39-0.34-0.38-2.25-1.46-2.13-5.63-11.240.33-1.75-3.69-3.48-3.99
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Rattanindia Power Ltd Profit & Loss Yearly Chart

Jaiprakash Power Ventures Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:22%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:-3%
3 Years:8%
TTM:-33%
Stock Price CAGR
10 Years:4%
5 Years:31%
3 Years:57%
1 Year:212%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Rattanindia Power Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2,2272,6432,6432,9532,8452,8452,9452,9534,9405,3705,3705,3705,370
Reserves2,1812,7662,7302,1441,9021,223-447-3,711-4,510-5,995-8,032-9,903-11,085
Preference Capital00000000578605580377
Borrowings1,9928,33110,67912,21613,55214,70214,63313,87111,93211,65110,96710,64110,986
Other Liabilities4,6701,5971,3741,3722,2252,4204,2386,3286,7337,5909,35311,26412,083
Total Liabilities11,07015,33617,42618,68420,52521,19121,37019,44119,09518,61517,65817,37217,353
Fixed Assets2052094,6758,7959,26810,79315,01114,59214,41013,99513,38113,05113,048
CWIP7,03511,1369,1206,6746,6596,3392,2832,3541,5841,5741,1421,1101,100
Investments244202020070101932750480
Other Assets3,5873,9713,6103,1954,5983,9884,0662,3012,8263,0463,1313,2033,206
Total Assets11,07015,33617,42618,68420,52521,19121,37019,44119,09518,61517,65817,37217,353

Rattanindia Power Ltd Reserves and Borrowings Chart

Rattanindia Power Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -5662242-185111,2062158366107369341,015
Cash from Investing Activity -740-4,956-607-237-108-493-107-161-9110159-5
Cash from Financing Activity 9544,154604372169-722-235-801-476-795-956-977
Net Cash Flow158-18039-4971-9-127-12744423733

Rattanindia Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days114120120208236237316457281282
Inventory Days
Days Payable
Cash Conversion Cycle114120120208236237316457281282
Working Capital Days-420-60753-151-461-1,080-913-746-557-803
ROCE %1%-1%0%-1%4%3%2%2%2%11%8%9%

Rattanindia Power Ltd Financial Efficiency Indicators Chart

Rattanindia Power Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters44.19%44.19%44.19%44.19%44.06%44.06%44.06%44.06%44.06%44.06%44.06%44.06%
FIIs0.16%0.28%0.26%0.17%0.21%0.24%0.32%0.29%0.30%0.31%0.48%0.76%
DIIs15.15%15.12%13.84%14.12%13.42%8.66%7.33%7.20%7.20%7.20%7.14%6.89%
Public40.50%40.40%41.70%41.51%42.31%47.04%48.28%48.44%48.44%48.44%48.31%48.28%
No. of Shareholders2,34,7832,93,0173,65,1935,05,9926,47,5697,03,2027,06,6786,99,4966,91,5137,80,8187,95,42010,75,987

Rattanindia Power Ltd Shareholding Pattern Chart

No. of Rattanindia Power Ltd Shareholders

Rattanindia Power Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund27342240.422.43
Samco Active Momentum Fund12600000.241.12

Rattanindia Power Ltd ROCE Trend

Rattanindia Power Ltd EPS Trend

Rattanindia Power Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.48-3.69-1.880.49-11.27
Diluted EPS (Rs.)-3.48-3.69-1.880.46-11.27
Cash EPS (Rs.)-2.73-2.92-0.981.18-9.85
Book Value[Excl.RevalReserv]/Share (Rs.)-8.44-4.96-1.170.86-2.58
Book Value[Incl.RevalReserv]/Share (Rs.)-8.44-4.96-1.170.86-2.58
Revenue From Operations / Share (Rs.)6.026.072.903.596.51
PBDIT / Share (Rs.)1.992.263.191.372.46
PBIT / Share (Rs.)1.231.492.420.531.03
PBT / Share (Rs.)-3.44-3.69-1.750.33-11.27
Net Profit / Share (Rs.)-3.48-3.69-1.750.33-11.27
NP After MI And SOA / Share (Rs.)-3.48-3.69-1.750.33-11.24
PBDIT Margin (%)32.9937.19109.9038.2537.71
PBIT Margin (%)20.4824.4883.2614.7715.87
PBT Margin (%)-57.23-60.78-60.389.31-173.00
Net Profit Margin (%)-57.86-60.78-60.389.31-173.00
NP After MI And SOA Margin (%)-57.86-60.78-60.369.31-172.61
Return on Networth / Equity (%)0.000.000.0038.480.00
Return on Capital Employeed (%)-63.1114.5313.402.222.94
Return On Assets (%)-10.76-11.22-5.050.86-17.08
Long Term Debt / Equity (X)-0.48-2.46-13.7822.99-13.08
Total Debt / Equity (X)-2.34-4.11-13.8323.67-14.73
Asset Turnover Ratio (%)0.180.210.100.110.11
Current Ratio (X)0.160.250.330.400.26
Quick Ratio (X)0.160.240.290.310.21
Interest Coverage Ratio (X)0.420.510.760.240.31
Interest Coverage Ratio (Post Tax) (X)0.250.340.570.090.13
Enterprise Value (Cr.)12335.2114100.1910376.0610701.5811920.46
EV / Net Operating Revenue (X)3.824.336.656.036.20
EV / EBITDA (X)11.5711.636.0515.7716.43
MarketCap / Net Operating Revenue (X)0.490.870.880.370.41
Price / BV (X)-0.34-1.08-2.201.54-1.05
Price / Net Operating Revenue (X)0.490.870.880.370.41
EarningsYield-1.18-0.69-0.680.24-4.18

Rattanindia Power Ltd Profitability Ratios (%)

Rattanindia Power Ltd Liquidity Ratios

Rattanindia Power Ltd Liquidity Ratios (%)

Rattanindia Power Ltd Interest Coverage Ratios (X)

Rattanindia Power Ltd Valuation Ratios

Fair Value / Intrinsic Value of Rattanindia Power Ltd

Fair Value: ₹24.33

The stock is undervalued by 136.18% compared to the current price ₹10.3

*Investments are subject to market risks

Strength and Weakness of Rattanindia Power Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.34 and average Dividend Yield of 31.77%.
  2. The stock has a low average Working Capital Days of -383.83, which is a positive sign.
  1. The stock has a low average ROCE of 3.33%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 197.58, which may not be favorable.
  3. The company has higher borrowings (164.62) compared to reserves (-2,364.38), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (75.46) and profit (-195.69).

Should I Buy Rattanindia Power Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Rattanindia Power Ltd:
    1. Net Profit Margin: -57.86%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -63.11% (Industry Average ROCE: 8.29%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.25
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.16
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 58.72)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: -2.34
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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