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NSE:RTNPOWER

RATTANINDIA POWER LIMITED

Power › Power·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹6.25
at close · 28 Oct 2026
▲ 0.11 (+1.79%)

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Board meeting set to approve September 2026 quarterly results · Results
  2. Quarterly compliance certificate under SEBI Regulation 74(5) submitted · Compliance
  3. RattanIndia Power faces Rs 170.78 cr net arbitration award to BHEL · Regulatory & Legal
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates a thermal power generation business at its Amravati plant in Maharashtra, selling electricity primarily under a power purchase agreement to MSEDCL, the state's distribution utility. The Amravati plant ran at a Plant Load Factor of 82.10% and Plant Availability Factor of 88% in FY26, with Q1 FY27 improving to 92.43% PLF and 98.15% availability. Revenue from operations for FY26 stood at Rs. 2,991.36 crore, down about 9% from Rs. 3,283.83 crore in FY25. The company also sold 22.19 million units on the power exchange for Rs. 16.38 crore of additional revenue. Fuel (coal) is the dominant input at 77.4% of revenue, followed by depreciation at 8.2%. The business is asset-heavy, with total assets of Rs. 9,612.93 crore, and carries total borrowings of Rs. 3,637 crore, producing finance costs of Rs. 461.43 crore in FY26. A dispute with MSEDCL over Change in Law claims has been ruled in the company's favour by APTEL but remains sub judice in the Supreme Court following MSEDCL's appeal.

Operating scale
Amravati plant PLF (FY26)
82.10%FY26
Amravati plant PAF (FY26)
88%FY26
Amravati plant PLF (Q1 FY27)
92.43%Q1 FY27
Amravati plant availability (Q1 FY27)
98.15%Q1 FY27
Power exchange volumes
22.19 MUs, Rs. 16.38 croreFY26
Total borrowings
Rs. 3,637 croreFY26
Who pays it
MSEDCL, the Maharashtra state electricity distribution company, under a long-term PPA
Biggest cost
Fuel (coal) at 77.4% of revenue
Kind of business
Asset-heavy, single-plant thermal power generation with high leverage and finance costs
Where it sits
Single thermal power plant at Amravati in Maharashtra, selling to the state discom
Market Cap
₹3,356 Cr
P / E (TTM)
29.8×
EV / EBITDA
9.2×
Div Yield
—
Growth
13.9%▲
Revenue 5y CAGR
PAT — · EBITDA -15.0%
Quality
6.6%·
ROCE (5y median)
ROE n/m · margin 25.4%
Leverage
0.78·
Debt / Equity · moderate
Net debt ₹3,627 Cr
Revenue FY21→FY26
1.9×▲
Margin +62.1 pts
₹1,560 Cr → ₹2,991 Cr
Cash conversion
0.76×·
Operating cash ÷ profit · 5 yrs
₹4,037 Cr on ₹5,320 Cr
Moves on a normal day
1.03%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 28 Power Generation peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#13/22
P/B#6/26
ROCE#20/29
ROE#19/26
Debt / Equity#14/26
EBITDA margin#22/24
Revenue growth#18/24
Profit growth#1/25

Scorecard

Measured from the filed financials, judged against its Power Generation peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 6.6% (5-year median)
#20 of 29 in Power Generation on the latest reported figures · down from 13.4% in FY21
Heavy working capital — 342 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

RTNPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RATTANINDIA POWER LIMITED's filed financials and exchange disclosures

What does RATTANINDIA POWER LIMITED do?

RATTANINDIA POWER LIMITED is a Power company listed on NSE and BSE, trading under the symbol RTNPOWER.

Is RATTANINDIA POWER LIMITED profitable?

Yes. Over the trailing twelve months RATTANINDIA POWER LIMITED reported a net profit of ₹111 Cr on revenue of ₹2,968 Cr.

Does RATTANINDIA POWER LIMITED pay a dividend?

Not in the latest reported year — RATTANINDIA POWER LIMITED's dividend payout for FY26 was nil.

Is RATTANINDIA POWER LIMITED debt-free?

No. It reported borrowings of ₹3,637 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹3,627 Cr after cash. Debt stands at 0.78× equity. That is higher than 52% of its 26 Power Generation peers.

Is RATTANINDIA POWER LIMITED expensive compared with its peers?

On trailing P/E, RATTANINDIA POWER LIMITED ranks 13 of 22 in Power Generation — cheaper than 43% of them, against an industry median of 19.2×. This is a position, not a valuation judgement.

How much does the RATTANINDIA POWER LIMITED share price move in a day?

On a typical session RATTANINDIA POWER LIMITED moves 1.03% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are RATTANINDIA POWER LIMITED's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track RATTANINDIA POWER LIMITED's announcements?

Every NSE and BSE filing by RATTANINDIA POWER LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.