NSE: RTSPOWR · BSE: 531215
R T S POWER CORPN. LTD.
Manufactures and trades electrical equipment and operates wind energy assets, with galvanised iron wire and strip production carried out through subsidiary Reengus Wires Private Limited. In FY26, Electrical Goods contributed ₹25.32 crore of segment revenue, Galvanised Iron Wire and Strips added ₹23.30 crore, and Wind Energy contributed ₹0.05 crore. The standalone parent's own production process has been suspended since April 2001, with the company noting it is currently not engaged in any principal business activity at the standalone level. Consolidated FY26 revenue was ₹160.66 crore with a net profit of ₹2.21 crore and an EBITDA margin of 6.27%. Raw materials, principally copper and aluminium, account for 75% of revenue and are the dominant cost driver. Total bank facilities stand at ₹59.97 crore, comprising ₹20.87 crore long-term and ₹39.10 crore short-term, with credit ratings of IVR BB+/Stable (long-term) and IVR A4+ (short-term). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Electrical Goods, Galvanised Iron Wire and Strips, Wind Energy. Small, subsidiary-driven electrical equipment and wire manufacturer with idle parent operations
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 92 | 143 | 140 | 201 | 161 |
| EBITDA (ex other income) | 3 | 16 | 7 | 8 | 7 |
| margin % | 2.9 | 11.1 | 5.3 | 3.7 | 4.5 |
| Owners' profit | 0 | 9 | 0 | 0 | 2 |
| EPS, as reported (₹) | 1.72 | 9.78 | 4.51 | 3.83 | 2.41 |
| ROE % · ROCE % | 1.2 · 4.0 | 6.5 · 9.6 | 2.9 · 5.7 | 2.4 · 4.5 | 1.5 · 3.8 |
| Debt / equity (x) | 0.16 | 0.15 | 0.20 | 0.12 | 0.17 |
| Cash from operations | (0) | (0) | 2 | 15 | 4 |
| Capex | (1) | (2) | (3) | (3) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44 | 53 | 45 | 60 | 36 | 40 | 36 | 49 |
| Profit before tax | 3 | 2 | (0) | (2) | 2 | 1 | 2 | (2) |
| Net profit | 4 | 1 | 0 | (1) | 2 | 1 | 2 | (2) |
| EPS (₹) | 4.45 | 0.66 | 0.23 | 1.51 | 1.67 | 1.00 | 1.79 | (2.04) |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Electrical Goods | 52 | 32.3 |
| Galvanised Iron Wire and Strips | 72 | 44.9 |
| Wind Energy | 1 | 0.4 |
| ELECTRICAL GOODS | 19 | 11.9 |
| GALVANISED IRON WIRES AND STRIPS | 17 | 10.5 |
| WIND ENERGY | 0 | 0.1 |
| Total, before eliminations | 161 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 64,618 | 16.9 | 4.30 | 10.5 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 61,818 | 52.3 | 11.46 | 32.5 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 38,368 | 22.7 | 8.90 | 15.7 | 35.0 | 25.7 | — | 30.8 |
| MTAR TECHNOLOGIES LIMITED | 21,476 | 160.9 | 26.11 | 114.7 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 17,071 | 86.8 | — | 84.5 | (26.2) | 8.6 | — | 12.3 |
| EMMVEE PHOTOVOLTAIC PWR L | 16,879 | 12.7 | 4.57 | 9.4 | 29.3 | 31.2 | — | 36.3 |
| AVALON TECHNOLOGIES LTD | 13,663 | 102.2 | 18.93 | 68.1 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 8,270 | 11.5 | 3.73 | 10.5 | 26.7 | 22.7 | 50.8 | 22.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 40.5 | 22.4 | 38 of 52 | 28% |
| P/B | 0.6 | 3.3 | 3 of 49 | 96% |
| ROCE | 1.9 | 12.4 | 47 of 55 | 15% |
| ROE | 1.5 | 12.4 | 43 of 50 | 14% |
| Debt / Equity | 0.2 | 0.3 | 22 of 50 | 57% |
| EBITDA margin | (0.4) | 12.6 | 50 of 51 | 2% |
| Revenue growth | (18.2) | 20.7 | 38 of 46 | 18% |
| Profit growth | (35.6) | 37.7 | 32 of 45 | 30% |
| Market cap | 90 | 591 | 42 of 56 | 26% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board meeting set for November 14, 2026 results approval | results | low | — | — |
| 9 Oct 2026 · Quarterly compliance certificate for dematerialisation of securities | compliance | minimal | — | — |
| 21 Sept 2026 · RTS Power appoints Arun Pareek as Independent Director for 5 years | management changes | medium | — | — |
| 21 Sept 2026 · 78th AGM results: all 5 resolutions passed with 99.99% approval | compliance | minimal | — | — |
| 21 Sept 2026 · RTS Power 78th AGM: All 5 resolutions passed with over 99.99 percent majority | board shareholder meetings | low | — | — |
| 12 Sept 2026 · Trading Window Closure for Q2 FY27 Results | compliance | minimal | — | — |
| 10 Sept 2026 · Newspaper notice on special window for physical share transfers | compliance | minimal | — | — |
| 8 Sept 2026 · 78th AGM notice filed; meeting on September 21, 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · 78th AGM Notice and E-Voting Info Published in Newspapers | compliance | minimal | — | — |
| 28 Aug 2026 · RTS Power files FY26 Annual Report and 78th AGM notice for Sept 21, 2026 | compliance | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.