RTNPOWER
RattanIndia Power share price & financials
- Price
- ₹9.37
- Market cap
- ₹3.9k Cr
- Sector
- Power
- Calls analysed
- 1
RattanIndia Pow. Q4 FY24
EBITDA (FY24) ₹1,000 cr. Amravati 1350 MW plant operated at 82-83% PLF in FY24.
Read the full call →What RattanIndia Power Limited does
RattanIndia Power Limited is an independent power producer that owns and operates a single coal-fired thermal generation asset — the 1,350 MW (5 x 270 MW units) Amravati Thermal Power Plant in Maharashtra, commissioned in March 2015. It sells power primarily under a long-term Power Purchase Agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL), with the balance capacity sold as merchant power on the open market/power exchange. Coal for the plant is sourced under a long-term Fuel Supply Agreement with South Eastern Coalfields Limited, a Coal India subsidiary.
Segments
- Power Generation
- Installed capacity
- 1,350 MW (5 x 270 MW units) coal-fired thermal plant at Amravati, Maharashtra
- Annual generation capacity
- 11,826 million units (MUs) per annum
- Long-term PPA capacity with MSEDCL
- 1,200 MW
- Fuel Supply Agreement (SECL)
- 6.10 MMT of coal per year
- Water allocation
- 87.60 million cubic metres (MM3) from Upper Wardha Dam
- Dedicated railway siding
- 35 km, from Walgaon station to the plant
Guidance record · Q4 FY24
what the last two calls moved 5 tracked 0 delivered 0 missed 5 open- External Debt open said Q4 FY24 Promised: our aim is that all external debts are paid off in the current financial year Q4 FY24: Target set to pay off remaining ₹522 crores of Kotak debt in FY25.
All 5 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 2.8%, net profit up 453.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 682 | 733 | 936 | 822 | 654 −4% | 728 −1% | 788 −16% | 799 −3% |
| EBITDA | 94 | 90 | 212 | 97 | 52 −45% | 127 +41% | 130 −39% | 125 +29% |
| Net profit | -1 | 4 | 126 | -13 | -32 −3100% | 54 +1250% | 43 −66% | 46 +454% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −41.4% 1Y
1Y: ₹12.23 on 10 Sept 2025 → ₹7.17. High ₹12.41 (19 Sept 2025), low ₹7.17 (11 Sept 2026).
Financials, as filed
Revenue fell 2.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.2k Cr | ₹3.4k Cr | ₹3.3k Cr | ₹3.0k Cr |
| Operating profit | ₹738 Cr | ₹646 Cr | ₹585 Cr | ₹406 Cr |
| Operating margin | 22.8% | 19.2% | 17.8% | 13.6% |
| Interest | ₹2.5k Cr | ₹2.4k Cr | ₹479 Cr | ₹461 Cr |
| Depreciation | ₹405 Cr | ₹382 Cr | ₹240 Cr | ₹247 Cr |
| Net profit | ₹-1.9k Cr | ₹8.9k Cr | ₹222 Cr | ₹52 Cr |
| Net margin | -57.9% | 264.6% | 6.8% | 1.7% |
| Cash from operations | ₹1.0k Cr | ₹1.3k Cr | ₹410 Cr | ₹372 Cr |
| Free cash flow | ₹985 Cr | ₹1.2k Cr | ₹293 Cr | ₹294 Cr |
| ROCE | 9.0% | 8.0% | 9.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5.4k Cr | ₹5.4k Cr | ₹5.4k Cr | ₹5.4k Cr | ₹5.4k Cr | ₹5.4k Cr |
| Reserves | ₹-6.0k Cr | ₹-8.0k Cr | ₹-9.9k Cr | ₹-1.0k Cr | ₹-829 Cr | ₹-732 Cr |
| Borrowings | ₹12.3k Cr | ₹11.5k Cr | ₹11.0k Cr | ₹3.6k Cr | ₹3.9k Cr | ₹3.7k Cr |
| Other liabilities | ₹7.0k Cr | ₹8.8k Cr | ₹10.9k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.3k Cr |
| Total liabilities | ₹18.6k Cr | ₹17.7k Cr | ₹17.4k Cr | ₹9.6k Cr | ₹10.0k Cr | ₹9.6k Cr |
| Fixed assets | ₹14.0k Cr | ₹13.4k Cr | ₹13.1k Cr | ₹6.4k Cr | ₹6.2k Cr | ₹6.1k Cr |
| Capital work in progress | ₹1.6k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹67 Cr | ₹77 Cr | ₹21 Cr |
| Investments | ₹0 Cr | ₹4 Cr | ₹8 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹3.0k Cr | ₹3.1k Cr | ₹3.2k Cr | ₹3.1k Cr | ₹3.7k Cr | ₹3.5k Cr |
| Total assets | ₹18.6k Cr | ₹17.7k Cr | ₹17.4k Cr | ₹9.6k Cr | ₹10.0k Cr | ₹9.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Learn to analyse RattanIndia Power Limited
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