RTNPOWER

RattanIndia Power Limited

RattanIndia Power Limited (RTNPOWER) financial statements and selected valuation metrics through 30 June 2026.

Utilities›Power›Power›Power Generation

rattanindiapower.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹6.54
Market cap
3,512 Cr
Stock P/E
31.5
P/B
0.76
ROE (FY26)
1.1%
ROCE (FY26)
6.2%
Operating margin (FY26)
5.3%
Debt / equity (FY26)
0.78
OCF / EBITDA (FY26)
91.8%
OCF / EBITDA (3Y)
127.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

RattanIndia Power runs a 1,350 MW coal-based thermal power plant at Amravati, Maharashtra, and has a 1,200 MW power purchase agreement with the Maharashtra state electricity distribution company, MSEDCL, plus 28 MW sold in the open market.

Company snapshot

17thBy market cap

Ranked among 27 companies in Power Generation.

What we see

Positives
  • ✓128% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 1.8% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales796 Cr806 Cr914 Cr932 Cr682 Cr733 Cr936 Cr822 Cr654 Cr728 Cr788 Cr799 Cr
Operating expenses (approx.)685 Cr635 Cr708 Cr743 Cr588 Cr643 Cr724 Cr725 Cr602 Cr601 Cr658 Cr674 Cr
EBITDA111 Cr172 Cr206 Cr189 Cr94 Cr90 Cr212 Cr97 Cr52 Cr127 Cr130 Cr125 Cr
OPM %14.0%21.3%22.5%20.2%13.8%12.3%22.6%11.8%7.9%17.5%16.5%15.6%
Other income88 Cr82 Cr82 Cr85 Cr89 Cr91 Cr92 Cr99 Cr90 Cr99 Cr67 Cr68 Cr
Interest727 Cr719 Cr239 Cr121 Cr124 Cr116 Cr118 Cr148 Cr112 Cr110 Cr91 Cr86 Cr
Depreciation105 Cr106 Cr69 Cr59 Cr60 Cr61 Cr60 Cr61 Cr61 Cr61 Cr64 Cr61 Cr
Profit before tax-632 Cr-572 Cr10,615 Cr93 Cr-1 Cr4 Cr126 Cr-13 Cr-32 Cr54 Cr43 Cr46 Cr
Tax %-0.2%-2.6%-0.5%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-633 Cr-587 Cr10,666 Cr93 Cr-1 Cr4 Cr126 Cr-13 Cr-32 Cr54 Cr43 Cr46 Cr
EPS (₹)₹-1.18₹-1.09₹19.86₹0.17₹0.00₹0.01₹0.23₹-0.02₹-0.06₹0.10₹0.08₹0.09

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,391 Cr2,054 Cr1,924 Cr1,774 Cr1,560 Cr3,260 Cr3,231 Cr3,364 Cr3,284 Cr2,991 CrSign in free for the trailing twelve months
Operating expenses (approx.)679 Cr1,500 Cr1,373 Cr1,306 Cr920 Cr2,457 Cr2,493 Cr2,718 Cr2,699 Cr2,586 CrSign in free for the trailing twelve months
EBITDA712 Cr555 Cr550 Cr468 Cr640 Cr803 Cr738 Cr646 Cr585 Cr405 CrSign in free for the trailing twelve months
OPM %51.2%27.0%28.6%26.4%41.0%24.6%22.8%19.2%17.8%13.6%Sign in free for the trailing twelve months
Other income155 Cr149 Cr175 Cr211 Cr1,074 Cr410 Cr328 Cr341 Cr357 Cr355 CrSign in free for the trailing twelve months
Interest1,238 Cr1,954 Cr2,304 Cr2,764 Cr2,241 Cr2,342 Cr2,511 Cr2,363 Cr479 Cr461 CrSign in free for the trailing twelve months
Depreciation254 Cr400 Cr420 Cr417 Cr416 Cr414 Cr404 Cr382 Cr241 Cr246 CrSign in free for the trailing twelve months
Profit before tax-624 Cr-1,650 Cr-3,328 Cr165 Cr-942 Cr-1,981 Cr-1,849 Cr8,876 Cr222 Cr52 CrSign in free for the trailing twelve months
Tax %-1.1%-0.8%0.0%0.0%-0.0%0.0%-1.1%-0.2%0.0%0.0%Sign in free for the trailing twelve months
Net profit-631 Cr-1,663 Cr-3,328 Cr165 Cr-942 Cr-1,981 Cr-1,870 Cr8,897 Cr222 Cr52 CrSign in free for the trailing twelve months
EPS (₹)₹-2.22₹-5.65₹-11.27₹0.49₹-1.88₹-3.69₹-3.48₹16.57₹0.41₹0.10Sign in free for the trailing twelve months
Dividend payout %———————0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital2,845 Cr2,945 Cr2,953 Cr4,940 Cr5,370 Cr5,370 Cr5,370 Cr5,370 Cr5,370 Cr5,370 Cr
Reserves1,223 Cr-447 Cr-3,711 Cr-4,510 Cr-5,995 Cr-8,032 Cr-9,903 Cr-1,006 Cr-785 Cr-732 Cr
Borrowings13,769 Cr12,660 Cr11,172 Cr10,169 Cr9,253 Cr11,508 Cr10,985 Cr3,538 Cr3,540 Cr3,637 Cr
Other liabilities3,368 Cr6,210 Cr9,030 Cr8,500 Cr9,991 Cr8,812 Cr10,920 Cr1,664 Cr1,672 Cr1,338 Cr
Total liabilities21,207 Cr21,370 Cr19,441 Cr19,095 Cr18,615 Cr17,658 Cr17,372 Cr9,566 Cr9,796 Cr9,613 Cr
Fixed assets (net)10,792 Cr15,011 Cr14,592 Cr14,176 Cr13,766 Cr13,140 Cr12,816 Cr6,264 Cr6,062 Cr6,103 Cr
CWIP6,339 Cr2,283 Cr2,354 Cr1,584 Cr1,574 Cr1,142 Cr1,110 Cr67 Cr65 Cr21 Cr
Investments70 Cr10 Cr193 Cr275 Cr0.34 Cr4 Cr8 Cr0 Cr0 Cr0 Cr
Loans & advances——4 Cr3 Cr2 Cr0 Cr0.01 Cr0 Cr0 Cr0 Cr
Inventories83 Cr153 Cr442 Cr654 Cr277 Cr137 Cr136 Cr238 Cr263 Cr202 Cr
Trade receivables792 Cr1,327 Cr1,249 Cr1,535 Cr1,951 Cr2,212 Cr2,492 Cr2,064 Cr2,435 Cr2,757 Cr
Cash & bank276 Cr149 Cr22 Cr71 Cr114 Cr150 Cr179 Cr121 Cr178 Cr10 Cr
Other assets2,855 Cr2,437 Cr584 Cr797 Cr930 Cr873 Cr631 Cr811 Cr793 Cr520 Cr
Total assets21,207 Cr21,370 Cr19,441 Cr19,095 Cr18,615 Cr17,658 Cr17,372 Cr9,566 Cr9,796 Cr9,613 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1,206 Cr215 Cr836 Cr610 Cr736 Cr934 Cr1,015 Cr1,306 Cr410 Cr372 Cr
Cash from investing-493 Cr-107 Cr-161 Cr-91 Cr101 Cr55 Cr-5 Cr-462 Cr87 Cr66 Cr
Cash from financing-722 Cr-250 Cr-801 Cr-476 Cr-795 Cr-952 Cr-977 Cr-902 Cr-440 Cr-605 Cr
Net cash flow-9 Cr-142 Cr-127 Cr44 Cr42 Cr37 Cr33 Cr-58 Cr57 Cr-168 Cr
Free cash flow (OCF − Capex)784 Cr-279 Cr813 Cr595 Cr733 Cr919 Cr985 Cr1,207 Cr293 Cr294 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.4%2.0%1.3%27.6%2.6%4.4%5.2%142.2%8.6%6.2%
ROE %-15.5%-66.5%—38.8%———203.9%4.8%1.1%
Debtor days207235236316455247281224270336
Inventory days65471512621382222354032
Days payable41145513746242624
Cash conversion cycle231268382574580262257235284343
OCF / EBITDA %169.4%38.7%151.8%130.4%115.1%116.3%137.6%202.2%70.1%91.8%
OCF / EBITDA % (3 years)——124.2%105.6%131.6%119.4%123.2%148.9%138.7%127.6%
Debt / equity3.385.07—23.87———0.810.770.78
Current ratio0.560.420.260.410.330.250.172.282.952.24
Net debt / EBITDA18.95—20.2621.5814.2814.1514.645.295.758.95