RattanIndia Enterprises Limited (RTNINDIA) AI Stock Analysis

RattanIndia Enterprises Limited

(NSE:RTNINDIA)

Select Model

Rating:43Neutral

Price Target:INR 22.50▼(-4.42% Downside)

Action:reiterated

Date:09/06/26

The score is primarily held back by weakened financial performance in 2026 (net loss, thin operating margins, higher leverage, and negative operating/free cash flow). Technicals also remain bearish with price below major moving averages and negative MACD, only partly offset by oversold RSI/Stoch readings. Valuation is constrained by a negative P/E and no dividend yield data.

Positive Factors

Revenue Scale-UpThe company has demonstrated substantial revenue scale-up over multiple years, with growth continuing in 2026. This indicates that its operating businesses and portfolio approach can attract demand and expand commercial reach, providing a foundation for future growth if profitability improves.

Negative Factors

Return to Net LossThe return to a net loss and very thin operating margin shows that revenue growth is not currently translating into dependable earnings. Persistently weak profitability could limit reinvestment, reduce resilience during slower growth, and make scaling the portfolio more difficult.

RattanIndia Enterprises Limited (RTNINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 32.58B
Dividend Yield: ―
Average Volume (3M): 101.64K
Price to Earnings (P/E): -4.6
Beta (1Y): 1.54
Revenue Growth: 2.09%
EPS Growth: -146.82%
Country: India
Employees: 32
Sector: General
Sector Strength: 55
Industry: Specialty Retail

RattanIndia Enterprises Limited Business Overview & Revenue Model

Company Description

Headquartered in New Delhi, India, RattanIndia Enterprises Limited was established in 2010. The company engages in diverse operations, primarily focusing on human resource solutions and manufacturing. Its HR division delivers consultancy and staffing...

How the Company Makes Money

RattanIndia Enterprises makes money primarily through a portfolio model: (1) Operating revenue from subsidiaries: Its consolidated revenue is generated by the sale of goods and services delivered by its operating businesses (for example, electric two...

RattanIndia Enterprises Limited Financial Statement Overview

Summary

Despite multi-year revenue scale-up and continued growth in 2026 (+3.9%), the latest year shows a return to net losses, very thin operating profitability (~1% EBIT margin), rising leverage (debt-to-equity ~1.43), and a swing back to negative operating/free cash flow—reducing financial flexibility and increasing funding risk.

Income Statement

46Neutral

Balance Sheet

41Neutral

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	76.93B	75.31B	68.66B	56.10B	40.63B	139.93M
Gross Profit	16.65B	15.26B	12.87B	8.03B	562.20M	-20.95M
EBITDA	-5.14B	898.03M	2.62B	5.83B	-2.02B	5.70B
Net Income	-6.53B	-1.65B	844.35M	4.26B	-2.85B	5.54B
Balance Sheet
Total Assets	0	27.71B	26.36B	26.92B	21.92B	9.08B
Cash, Cash Equivalents and Short-Term Investments	10.59B	781.98M	11.80B	773.48M	1.36B	1.61B
Total Debt	0	11.01B	9.23B	11.84B	9.76B	1.59B
Total Liabilities	-7.70B	20.01B	17.12B	18.47B	17.75B	2.10B
Stockholders Equity	7.70B	7.68B	9.22B	8.39B	4.09B	6.99B
Cash Flow
Free Cash Flow	-1.57B	-913.42M	2.51B	-390.67M	-6.88B	-141.29M
Operating Cash Flow	-1.56B	-889.56M	2.53B	-367.58M	-6.78B	-135.14M
Investing Cash Flow	84.87M	-142.08M	241.52M	-261.19M	-249.71M	-1.02B
Financing Cash Flow	1.51B	1.46B	-3.13B	969.93M	7.34B	1.17B

RattanIndia Enterprises Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price23.54

Price Trends

50DMA26.78Negative

100DMA29.84Negative

200DMA31.61Negative

Market Momentum

MACD-0.90Negative

RSI35.45Neutral

STOCH63.37Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RTNINDIA, the sentiment is Negative. The current price of 23.54 is below the 20-day moving average (MA) of 24.67, below the 50-day MA of 26.78, and below the 200-day MA of 31.61, indicating a bearish trend. The MACD of -0.90 indicates Negative momentum. The RSI at 35.45 is Neutral, neither overbought nor oversold. The STOCH value of 63.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RTNINDIA.

RattanIndia Enterprises Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RTNINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CESC	65Neutral	INR 165.17B	10.65	―	9.64%	8.73%	12.55%
IN:TORNTPOWER	57Neutral	INR 591.00B	25.44	―	1.70%	4.09%	-16.62%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JSWENERGY	53Neutral	INR 916.74B	38.67	―	0.40%	26.38%	11.53%
IN:ADANIPOWER	52Neutral	INR 3.65T	20.00	―	―	8.20%	51.44%
IN:TATAPOWER	46Neutral	INR 1.10T	28.52	―	0.72%	-4.19%	-4.84%
IN:RTNINDIA	43Neutral	INR 32.54B	-4.60	―	―	2.09%	-146.82%

* General Sector Average

Performance Comparison

IN:RTNINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RTNINDIA	RattanIndia Enterprises Limited	23.54	-27.84	-54.18%
IN:ADANIPOWER	Adani Power Limited	189.40	32.70	20.87%
IN:CESC	CESC Ltd	124.60	-48.73	-28.11%
IN:JSWENERGY	JSW Energy Limited	500.00	-31.74	-5.97%
IN:TATAPOWER	Tata Power Company Limited	345.10	-60.78	-14.98%
IN:TORNTPOWER	Torrent Power Limited	1172.85	-152.43	-11.50%

RattanIndia Enterprises Limited Corporate Events

RattanIndia Enterprises Sets Virtual AGM and Details FY 2025-26 Governance Agenda

Sep 2, 2026

RattanIndia Enterprises Limited has scheduled its sixteenth Annual General Meeting for September 24, 2026, to be conducted via video conferencing in line with MCA and SEBI guidelines, and has circulated its Annual Report for FY 2025-26, including aud...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

RattanIndia Enterprises Limited AI Stock Analysis