RattanIndia Power Limited (RTNPOWER) AI Stock Analysis

RattanIndia Power Limited

(NSE:RTNPOWER)

Select Model

Rating:52.5Neutral

Price Target:INR 6.50▲(2.04% Upside)

Action:reiterated

Date:08/17/26

Overall score is driven primarily by middling financial performance: balance-sheet repair and consistently positive free cash flow are positives, but earnings volatility and a sharp FY2026 margin decline weigh heavily. The score is further constrained by weak technical momentum (below key moving averages with negative MACD) and a relatively high P/E multiple without a dividend yield to offset valuation risk.

Positive Factors

Balance-sheet repairThe return to positive equity and moderate leverage marks a meaningful recovery from the distressed FY2021–FY2023 period. A stronger capital structure improves financial resilience, supports continued operations, and gives management more flexibility to fund maintenance and growth.

Negative Factors

Revenue contractionA declining or stagnant revenue base limits the company’s ability to expand earnings and absorb fixed operating costs. Continued weakness would reduce the benefits of operating scale and make future profitability more dependent on utilization, tariffs, and power-market conditions.

RattanIndia Power Limited (RTNPOWER) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 34.15B
Dividend Yield: ―
Average Volume (3M): 1.45M
Price to Earnings (P/E): 30.1
Beta (1Y): 1.22
Revenue Growth: -6.49%
EPS Growth: -3.85%
Country: India
Employees: 563
Sector: General
Sector Strength: 55
Industry: Independent Power Producers

RattanIndia Power Limited Business Overview & Revenue Model

Company Description

RattanIndia Power Limited is an Indian enterprise primarily engaged in the power sector, encompassing the generation, distribution, trading, and transmission of electricity, along with various associated activities across the country. The company is...

How the Company Makes Money

RattanIndia Power primarily makes money by generating electricity at its thermal (coal-fired) power plants and selling that electricity to off-takers. Key revenue streams typically include: (1) Sale of power under Power Purchase Agreements (PPAs): Lo...

RattanIndia Power Limited Financial Statement Overview

Summary

Financials show a post-distress recovery: the balance sheet has improved to moderate leverage (debt-to-equity ~0.79–0.80) and cash generation is consistently positive with solid free cash flow versus earnings. However, the income statement is still volatile—FY2026 shows a revenue decline (~4.9%) and a sharp profitability step-down (net margin ~1.8% vs ~6.8% in FY2025), which limits confidence in durability.

Income Statement

48Neutral

Balance Sheet

60Neutral

Cash Flow

67Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	29.68B	29.91B	32.84B	33.64B	32.31B	32.60B
Gross Profit	5.39B	3.61B	8.57B	8.91B	9.92B	10.09B
EBITDA	7.57B	7.60B	5.85B	116.22B	10.67B	7.75B
Net Income	1.11B	524.40M	2.22B	88.97B	-18.70B	-19.81B
Balance Sheet
Total Assets	0	96.13B	97.96B	95.66B	173.72B	176.58B
Cash, Cash Equivalents and Short-Term Investments	753.50M	2.50B	3.63B	4.62B	2.42B	2.74B
Total Debt	0	37.11B	36.15B	35.62B	110.18B	115.52B
Total Liabilities	-46.38B	49.75B	52.11B	52.02B	219.05B	203.20B
Stockholders Equity	46.38B	46.38B	45.85B	43.64B	-45.33B	-26.62B
Cash Flow
Free Cash Flow	3.01B	2.94B	2.93B	12.07B	9.85B	9.19B
Operating Cash Flow	3.74B	3.72B	4.10B	13.06B	10.15B	9.34B
Investing Cash Flow	60.50M	656.10M	869.00M	-4.62B	-52.90M	550.90M
Financing Cash Flow	136.60M	-6.05B	-4.40B	-9.02B	-9.77B	-9.52B

RattanIndia Power Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price6.37

Price Trends

50DMA6.99Negative

100DMA7.94Negative

200DMA8.43Negative

Market Momentum

MACD-0.23Negative

RSI41.27Neutral

STOCH59.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RTNPOWER, the sentiment is Negative. The current price of 6.37 is below the 20-day moving average (MA) of 6.45, below the 50-day MA of 6.99, and below the 200-day MA of 8.43, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 59.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RTNPOWER.

RattanIndia Power Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RTNPOWER against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPIGREEN	65Neutral	INR 54.82B	11.96	―	0.31%	40.01%	27.57%
IN:ADANIGREEN	64Neutral	INR 2.13T	114.93	―	―	20.93%	-8.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NTPCGREEN	54Neutral	INR 694.92B	116.11	―	―	49.22%	7.90%
IN:RTNPOWER	53Neutral	INR 34.21B	30.11	―	―	-6.49%	-3.85%
IN:ACMESOLAR	50Neutral	INR 286.21B	34.60	―	0.09%	53.70%	47.08%
IN:SJVN	39Underperform	INR 210.01B	32.96	―	2.81%	98.93%	77.56%

* General Sector Average

Performance Comparison

IN:RTNPOWER and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RTNPOWER	RattanIndia Power Limited	6.37	-4.49	-41.34%
IN:ACMESOLAR	ACME Solar Holdings Ltd.	404.90	132.54	48.66%
IN:ADANIGREEN	Adani Green Energy Limited	1295.35	190.25	17.22%
IN:KPIGREEN	KPI Green Energy Limited	277.35	-260.23	-48.41%
IN:NTPCGREEN	NTPC Green Energy Limited	82.47	-20.48	-19.89%
IN:SJVN	SJVN Limited	53.44	-32.73	-37.99%

RattanIndia Power Limited Corporate Events

RattanIndia Power appoints T R Chadha & Co. LLP as new statutory auditor

Sep 24, 2026

RattanIndia Power Limited has secured shareholder approval at its 19th Annual General Meeting for the appointment of T R Chadha & Co. LLP as its new statutory auditors. The firm, an established chartered accountancy practice founded in 1946, will...

CRISIL upgrades RattanIndia Power’s short-term rating as operating metrics strengthen

Aug 10, 2026

RattanIndia Power Limited said CRISIL has upgraded the company’s short-term bank facilities rating to Crisil A2 from Crisil A3+, alongside an increase in the rated bank loan facilities to Rs 650 crore from Rs 550 crore. The upgrade reflects imp...

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: Aug 17, 2026

RattanIndia Power Limited AI Stock Analysis