Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹3500 Cr.
Stock P/E
-21
P/B
4.6
Current Price
₹25.3
Book Value
₹ 5.5
Face Value
2
52W High
₹54.4
52W Low
₹ 24.4
Dividend Yield
0%

RattanIndia Enterp. Overview

Business

RattanIndia Enterprises Ltd. (RTNINDIA) is an Indian investment company primarily focused on investing in new-age, high-growth businesses and disruptive technologies. Its core business model involves identifying, incubating, and scaling ventures in emerging sectors. It acts as a holding company, deploying capital into its portfolio companies with a long-term value creation perspective. The company aims to make money through the appreciation in value of its strategic investments, potential dividends from profitable subsidiaries, and eventually through strategic exits or initial public offerings (IPOs) of its investee companies.

Revenue Mix

RattanIndia Enterprises' "segments" are its key strategic investment platforms. The company has significant investments across:

Electric Vehicles (EVs): Through Revolt Motors, which designs and manufactures AI-enabled electric motorcycles.

Drones: Through NeoSky India, which focuses on drone technology, manufacturing, and services for various applications.

E-commerce: Through Cocoblu Retail, which operates as a seller on major e-commerce platforms like Amazon India.

Fintech & Others: Potentially exploring or investing in other sunrise sectors.

Specific revenue contribution numbers from these individual segments are not typically disclosed as direct operational revenue for the parent investment company, but rather represent the underlying value and growth drivers of its investments.

Industry

RattanIndia Enterprises operates within the broader Finance - Investment industry, specifically positioning itself as a diversified holding company with a focus on high-growth, technology-driven sectors in India. The industry is highly competitive, including venture capital funds, private equity firms, and other corporate holding companies looking to capitalize on India's growth story. RattanIndia positions itself as an early-stage investor and strategic partner, aiming to leverage the Promoter Group's experience and capital access to build significant businesses in relatively nascent but promising markets (like EVs and drones) within India.

MOAT

RattanIndia Enterprises does not possess traditional "moats" like proprietary technology or strong consumer brands directly at the parent company level. Its competitive advantages are more indirect:

First-mover/Early-mover Advantage: Strategic entry into emerging sectors like electric two-wheelers and drones could provide a head start in market development.

Capital Access & Deployment: The ability of the promoter group to raise and deploy significant capital into these ventures.

Strategic Vision: The promoter group's perceived ability to identify and back potentially disruptive businesses in sunrise sectors.

Synergies: Potential for cross-pollination and synergistic benefits between its diverse portfolio companies (e.g., leveraging e-commerce for EV sales).

However, these are subject to strong execution and intense competition.

Growth Drivers

Growth of Underlying Sectors: Rapid adoption of electric vehicles, increasing commercial and defense applications for drones, and continued expansion of India's e-commerce market provide significant tailwinds for its portfolio companies.

Success of Portfolio Companies: The successful scaling, market penetration, and profitability of Revolt Motors, NeoSky India, and Cocoblu Retail will directly drive value for RTNINDIA.

New Investments: Ability to identify and invest in additional high-potential, disruptive businesses that align with its strategic focus.

Favorable Government Policies: Supportive government initiatives for Make in India, EV adoption (e.g., FAME II subsidy), and drone regulations are crucial catalysts.

Risks

Investment & Execution Risk: High failure rate associated with early-stage, growth-oriented businesses. The success of RTNINDIA is heavily dependent on the operational execution and market acceptance of its relatively new portfolio companies.

Competition: Intense competition from established players and other well-funded startups in the EV, drone, and e-commerce sectors.

Regulatory & Policy Changes: Changes in government policies, subsidies (e.g., EV subsidies), or regulations (e.g., drone policies) could significantly impact the viability and profitability of its investments.

Funding Risk: Early-stage businesses often require continuous capital infusion. The ability to secure future funding for its portfolio companies without significant dilution is a risk.

Valuation Uncertainty: The valuation of its underlying unlisted investments can be subjective and may not always reflect in its market capitalization.

Management & Ownership

RattanIndia Enterprises Ltd. is part of the RattanIndia Group, promoted by Mr. Rajiv Rattan. The management team focuses on strategic investments and nurturing new-age businesses. Mr. Rajiv Rattan plays a key role in setting the strategic direction for the company's diversified investments. The promoter group holds a significant stake in the company, aligning their interests with long-term value creation.

Outlook

RattanIndia Enterprises presents a compelling, albeit high-risk, investment proposition. The company is strategically positioned in India's high-growth "sunrise" sectors (EVs, drones, e-commerce) which are expected to benefit from favorable demographic trends, increasing disposable incomes, and supportive government policies. If its key portfolio companies, such as Revolt Motors and NeoSky India, successfully scale their operations, achieve significant market share, and move towards profitability, the company could see substantial value unlocking. However, the outlook is balanced by significant execution risks inherent in early-stage ventures, intense competition, potential regulatory shifts, and the high capital expenditure required for these businesses. The success hinges on the management's ability to navigate these challenges and transform its strategic investments into established, profitable enterprises.

RattanIndia Enterp. Share Price

Live · BSE / NSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

RattanIndia Enterp. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 1298 2494 1801 1921 1505 2313 2124 2006 1697 1870
Other Income 2 4 0 0 5 4 4 1 1 1
Total Income 1301 2498 1801 1922 1510 2317 2127 2007 1698 1871
Total Expenditure 1349 1463 2038 2086 1882 1704 2560 2162 1799 1830
Operating Profit -49 1035 -237 -164 -372 612 -433 -154 -101 41
Interest 29 26 30 23 15 17 19 18 19 19
Depreciation 4 4 4 4 4 3 4 4 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -81 1005 -270 -192 -391 592 -456 -176 -124 19
Provision for Tax 0 154 -29 -21 -33 90 -59 -14 -13 13
Profit After Tax -82 851 -242 -170 -359 502 -397 -162 -112 6
Adjustments 0 0 0 0 3 0 0 1 1 10
Profit After Adjustments -81 852 -241 -170 -356 503 -397 -161 -110 15
Adjusted Earnings Per Share -0.6 6.2 -1.7 -1.2 -2.6 3.6 -2.9 -1.2 -0.8 0.1

RattanIndia Enterp. Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 0 0 0 0 0 0 14 4124 6185 6866 7531 7697
Other Income 7 0 0 0 2 2 579 14 7 10 6 7
Total Income 7 0 0 0 2 2 593 4138 6192 6876 7537 7703
Total Expenditure 6 5 2 1 1 2 22 4340 5558 6614 7613 8351
Operating Profit 1 -5 -2 -1 1 0 570 -202 633 262 -76 -647
Interest 0 0 0 0 1 0 2 49 114 94 74 75
Depreciation 0 0 0 0 0 0 1 10 17 16 14 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -50 0 0 0
Profit Before Tax -161 -278 -663 -1308 -153 0 554 -273 453 152 -163 -737
Provision for Tax -0 -0 0 0 0 0 0 13 28 71 4 -73
Profit After Tax -161 -278 -663 -1308 -153 0 554 -286 424 81 -166 -665
Adjustments 0 0 0 0 0 0 0 2 2 4 1 12
Profit After Adjustments -161 -278 -663 -1308 -153 0 554 -285 426 84 -165 -653
Adjusted Earnings Per Share -1.2 -2 -4.8 -9.5 -1.1 0 4 -2.1 3.1 0.6 -1.2 -4.8

RattanIndia Enterp. Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 2498 2220 1548 238 85 85 699 409 839 922 768
Minority's Interest 0 0 0 0 0 0 0 7 6 2 1
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 0 0 -0 -0 -0 35 44 26 64 34
Total Current Liabilities 1 0 0 0 0 1 175 1729 1817 1641 1954
Total Liabilities 2499 2221 1549 238 85 85 908 2190 2689 2630 2757
Fixed Assets 0 0 0 0 0 0 40 273 251 262 256
Other Non-Current Assets 2497 2221 1548 222 69 1 659 369 925 1090 889
Total Current Assets 2 0 0 15 16 84 209 1548 1513 1278 1612
Total Assets 2499 2221 1549 238 85 85 908 2190 2689 2630 2757

RattanIndia Enterp. Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 60 2 0 0 0 0 0 2 32 66 30
Cash Flow from Operating Activities -96 -2 0 14 -17 67 -14 -678 -37 306 -56
Cash Flow from Investing Activities 7 0 -0 -15 18 -67 -102 -25 -26 30 -7
Cash Flow from Financing Activities 32 0 0 0 -1 -0 117 734 97 -373 105
Net Cash Inflow / Outflow -58 -2 -0 -0 0 -0 2 30 34 -36 43
Closing Cash & Cash Equivalent 2 0 0 0 0 0 2 32 66 30 73

RattanIndia Enterp. Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -1.17 -2.01 -4.8 -9.46 -1.11 0 4.01 -2.06 3.08 0.61 -1.2
CEPS(Rs) -1.17 -2.01 -4.8 -9.46 -1.11 0 4.02 -2 3.2 0.7 -1.1
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 17.94 15.93 11.2 1.72 0.61 0.61 5.06 2.96 6.05 6.67 5.49
Core EBITDA Margin(%) 0 0 0 0 0 -1674.3 -60.76 -5.24 10.13 3.68 -1.1
EBIT Margin(%) 0 0 0 0 0 44.2 3972.62 -5.44 9.15 3.59 -1.18
Pre Tax Margin(%) 0 0 0 0 0 7 3959.6 -6.63 7.32 2.21 -2.16
PAT Margin (%) 0 0 0 0 0 7 3958.15 -6.94 6.86 1.18 -2.21
Cash Profit Margin (%) 0 0 0 0 0 8.7 3967.21 -6.7 7.14 1.41 -2.02
ROA(%) -6.45 -11.77 -35.19 -146.47 -95 0.01 111.5 -18.47 17.4 3.04 -6.18
ROE(%) -6.5 -11.87 -35.36 -146.46 -94.84 0.01 141.37 -51.65 68.15 9.18 -19.8
ROCE(%) -6.46 -11.78 -35.19 -146.5 -94.11 0.05 123.06 -20.67 33.84 12.96 -4.87
Receivable days 0 0 0 0 0 0 47.73 2.22 2.74 2.53 2.84
Inventory Days 0 0 0 0 0 0 1001.02 49.13 58.73 46.32 44.27
Payable days 0 0 0 0 0 0 1927.85 37.77 47.61 40.22 44.06
PER(x) 0 0 0 0 0 0 11.51 0 22.43 67.32 0
Price/Book(x) 0.2 0.25 0.5 1.58 3.42 8.4 9.12 11.89 11.43 6.17 4.67
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 0 0 7118.26 463.83 1.38 1.7 0.94 0.59
EV/Core EBITDA(x) 912.51 -104.7 -407.03 -473.97 269.45 0 11.38 -28.13 16.6 24.54 -58.26
Net Sales Growth(%) 0 0 0 0 0 0 0 0 49.99 11.01 9.67
EBIT Growth(%) 0 -72.19 -138.71 -97.25 88.41 100.03 0 -140.32 352.54 -56.5 -135.96
PAT Growth(%) 0 -72.25 -138.75 -97.26 88.3 100 0 -151.66 248.34 -80.98 -306.09
EPS Growth(%) 0 -72.26 -138.75 -97.26 88.3 100.01 0 -151.39 249.73 -80.19 -295.92
Debt/Equity(x) 0 0 0 0 0 0 0.17 2.3 1.38 0.96 1.4
Current Ratio(x) 2.85 0.95 1.83 77.09 137.62 155.51 1.2 0.9 0.83 0.78 0.83
Quick Ratio(x) 2.85 0.95 1.83 77.09 137.62 155.51 0.98 0.28 0.33 0.28 0.31
Interest Cover(x) 0 0 0 0 -108.54 1.19 305.1 -4.55 4.99 2.61 -1.19
Total Debt/Mcap(x) 0 0 0 0 0 0 0.02 0.19 0.12 0.16 0.3

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +10% +22% — —
Operating Profit CAGR -129% — — 0%
PAT CAGR -305% — — —
Share Price CAGR -52% -23% -10% +22%
ROE Average -20% +19% +29% -13%
ROCE Average -5% +14% +29% -14%

RattanIndia Enterp. Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 74.87 %
FII 5.39 %
DII (MF + Insurance) 0.07 %
Public (retail) 19.67 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 74.8674.8674.8674.8674.8674.8674.8674.8674.8774.87
FII 8.338.424.8366.15.956.166.185.555.39
DII 0.060.070.10.10.120.130.090.090.080.07
Public 16.7616.6620.2119.0418.9219.0718.8918.8719.519.67
Others 0000000000
Total 100100100100100100100100100100

RattanIndia Enterp. Peer Comparison

Finance - Investment Edit Columns

RattanIndia Enterp. Quarterly Price

10-year quarterly close · BSE
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News & Updates

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RattanIndia Enterp. Pros & Cons

Pros

Cons

  • Debtor days have increased from 40.22 to 44.06days.
  • Stock is trading at 4.6 times its book value.
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