TickerSutra

NSE: RTNPOWER · BSE: 533122 · ISIN INE399K01017

RattanIndia Power Limited stock analysis

RattanIndia Power Limited ranks #2353 in the TickerSutra evidence-ranked universe with a score of 47/100 and 95% data confidence. The latest captured fundamentals show ROCE of 6.2%, quarterly sales growth of -2.9% and quarterly profit growth of 449.7%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE47/100

Avoid / exit review

#2353 of 5,430 ranked equities
Market capitalisation₹3,909.44cr
ROCE6.2%
Quarterly sales growth-2.9%
Quarterly profit growth449.7%
P/E ratio35.1×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 0.92×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • Extreme base-effect growth requires manual validation

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹3,260cr₹803cr₹-1,981cr25.0%
2023₹3,231cr₹738cr₹-1,870cr23.0%
2024₹3,364cr₹646cr₹8,897cr19.0%
2025₹3,284cr₹585cr₹222cr18.0%
2026₹2,991cr₹405cr₹52cr14.0%
TTM₹2,968cr₹434cr₹111cr15.0%
Debt / equity0.80×
CFO / EBITDA0.92×
Operating margin15.0%
Free cash flow₹294cr
Sales CAGR · 3Y-2.5%
Profit CAGR · 3YUnavailable

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 2 mentions
Positive catalyst

With an installed capacity of 1,350 MW, the plant closed FY 2025-26 with an annual Plant Load Factor (PLF) of 82.10% and a Plant Availability Factor (PAF) of 87.88%, keeping it firmly among the top-performing thermal power plants in both Maharashtra and the country as a whole. Industry Developments: The Indian power sector continued to evolve through the year on the back of supportive policy measures, steady capacity

Regulatory updatesLow severity · 76 mentions
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7 The Company had filed a petition before the Ld. Mahar ashtra State Electricity Regulatory Commission for compensation on account of mandatory use of washed coal by Company’s Amravati Power Plant impacting revenues and costs related to procurement of coal by the Company. MERC had disallowed claims of the Company.

Regulatory approvalLow severity · 21 mentions
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COMPETITIVE STRENGTHS Your Company continues to draw on the following competitive strengths in the power sector: 5.1. Statutory and Non-statutory Clearances The Company continues to hold all key statutory and regulatory approvals required for the Amravati Thermal Power Project’s compliant operation, and remains aligned with applicable central and state norms governing environmental, land-use and industrial developmen

Debt reductionLow severity · 1 mention
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The Group manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt. The amounts managed as capital by the Group for

Institutional interestLow severity · 1 mention
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The same is also simultaneously uploaded on the website of the Company and that of the Exchanges. (iv) Presentations made to institutional Investors or to the analysts; With regard to the same the Company duly complies with the requirements of Regulation 46 of Listing Regulations read with Schedule III thereto. (v) Management’s Discussion and Analysis Report; The same has been included in the Annual Report, which for

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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