RattanIndia Enterprises
- P/E
- Not meaningful: loss-making over the last twelve months
Key Fundamentals
MicrocapRetailConsumer ServicesPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −4.76%
- Debt to Equity
- 1.43
- EPS (TTM)
- −₹4.73
- Book Value
- ₹5.56
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 4.55
- ROE
- −19.60%
- Dividend Yield
- 0.00%
- EBITDA
- −₹76.20 Cr
- 52W High
- ₹51.50
- 52W Low
- ₹22.52
- Volume
- 0
Peer Comparison
Consumer Discretionary › Retail › Ecommerce › E-Retail/ E-Commerce
| ₹344.50 | 662.50 | ₹3,34,095 Cr | 10.62 | 0.00% | 0.38% | 2.48% | ₹77,956 Cr | ₹493 Cr | |
| ₹224.55 | — | ₹1,03,188 Cr | 24.73 | 0.00% | −46.20% | −40.00% | ₹13,835 Cr | −₹1,201 Cr | |
| ₹355.50 | 399.44 | ₹1,01,640 Cr | 70.82 | 0.00% | 15.30% | 17.20% | ₹10,649 Cr | ₹260 Cr | |
| ₹178.89 | — | ₹49,465 Cr | 2.91 | 0.00% | −29.10% | −24.10% | ₹24,904 Cr | −₹3,748 Cr | |
| ₹155.01 | — | ₹24,479 Cr | 12.03 | 0.00% | −12.00% | −7.82% | ₹1,717 Cr | −₹333 Cr | |
| ₹2,492.90 | 51.54 | ₹12,070 Cr | 4.61 | 0.00% | 9.65% | 11.80% | ₹807 Cr | ₹254 Cr | |
| ₹131.89 | — | ₹9,563 Cr | 3.98 | 0.00% | −5.14% | −2.68% | ₹1,631 Cr | −₹48 Cr | |
| RattanIndia Enterprises (this company) | ₹25.32 | — | ₹3,429 Cr | 4.55 | 0.00% | −19.60% | −4.76% | ₹7,697 Cr | −₹654 Cr |
| Median 8 companies | ₹201.72 | 399.44 | ₹36,972 Cr | 7.62 | 0.00% | −8.57% | −3.72% | ₹9,173 Cr | −₹191 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 91/100
Category scores
- Quality
- 41
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 27
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 28
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 11
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 13
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 40
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
2- Stock is trading at 4.35 times its book value
- Company has low interest coverage ratio.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 5 | 6 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Neutral
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 51.90
- Neutral
- MACD (12,26,9)
- −0.57
- Bullish
- SMA (50)
- 26.44
- Bearish
- SMA (200)
- 31.37
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | Zero base |
|---|---|
| 5Y | Zero base |
| 3Y | +22.24% |
| 1Y | +9.71% |
| TTM | +2.08% |
Net profit
| 10Y | Loss widened by ₹5 Cr |
|---|---|
| 5Y | Turned to loss |
| 3Y | Loss narrowed by ₹120 Cr |
| 1Y | Turned to loss |
| TTM | Loss widened by ₹385 Cr |
Operating cash flow
| 10Y | Outflow narrowed by ₹40 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow narrowed by ₹622 Cr |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | No sales |
|---|---|
| 5Y | No sales |
| 3Y | −2.03 pp |
| 1Y | −4.74 pp |
| TTM | −6.23 pp |
Revenue by year
| Mar 2017 | ₹0.00 Cr |
|---|---|
| Mar 2018 | ₹0.00 Cr |
| Mar 2019 | ₹0.00 Cr |
| Mar 2020 | ₹0.00 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹14.00 Cr |
| Mar 2023 | ₹4,124 Cr |
| Mar 2024 | ₹6,187 Cr |
| Mar 2025 | ₹6,866 Cr |
| Mar 2026 | ₹7,533 Cr |
Net profit by year
| Mar 2017 | −₹278 Cr |
|---|---|
| Mar 2018 | −₹663 Cr |
| Mar 2019 | −₹1,308 Cr |
| Mar 2020 | −₹153 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹554 Cr |
| Mar 2023 | −₹286 Cr |
| Mar 2024 | ₹424 Cr |
| Mar 2025 | ₹81.00 Cr |
| Mar 2026 | −₹166 Cr |
AI Analysis — Bull vs Bear
RattanIndia Enterprises Ltd is a diversified new-age conglomerate with subsidiaries in EV (Revolt Motors), e-commerce (Cocoblu), fintech, and drones, trading at a market cap of ~₹4,624 Cr with a negative PE of -28 and a P/B of 6.03. The company posted consolidated revenue of ₹6,866 Cr in FY25 (up ~11% YoY) but reported a net loss of ₹358.5 Cr, with ROE declining to -20% in the last year and a debt-to-equity ratio of 1.38.
- Revenue scaled from near-zero to ₹6,866 Cr in FY25, representing a 5-year compounded sales CAGR of 845%, demonstrating rapid top-line buildout across multiple verticals
- FY25 revenue grew 11% YoY (from ₹6,185 Cr to ₹6,866 Cr), showing continued momentum even on a larger base
- Revolt Motors expanded its dealership network from 100 to 200 outlets within one year (as of April 2025), positioning it as a leading EV two-wheeler brand in India with IPO plans within two years
- Q4 FY25 consolidated loss shrank 69% YoY, indicating operating leverage is beginning to emerge as revenue growth outpaces cost structures
- Diversified portfolio across seven segments (Cocoblu, Revolt, Neobrands, Wefin, NeoSky, TAS, Matternet) reduces single-business concentration risk
- 10-year stock CAGR of 25% reflects long-term value creation from its transformation from a legacy infrastructure entity to a new-age enterprise
- TTM revenue growth of 10% maintained despite macro headwinds, suggesting resilient demand in core segments like e-commerce and EV mobility
- Company reported a consolidated net loss of ₹358.5 Cr in FY25, with TTM profit declining 296% — profitability remains absent
- ROE has deteriorated sharply from +17% (3-year avg) to -20% in the last year, signaling value destruction for equity holders
- Low interest coverage ratio (as flagged) with debt-to-equity at 1.38 raises solvency concerns in a rising-rate or cash-burn scenario
- Stock has fallen 46% over the past 1 year, reflecting significant market skepticism about near-term profitability
- Zero dividend yield with no history of payouts — shareholders depend entirely on capital appreciation with no income cushion
- EBITDA margin is negative at -0.91% on a TTM basis, meaning core operations are not yet self-sustaining
- Significant unrealized investment losses in Q4 FY25 contributed materially to the net loss, highlighting balance-sheet vulnerability to mark-to-market swings
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: RattanIndia Enterprises is expanding its EV portfolio through subsidiary Revolt Motors with a competitively specced new electric bike. No negative developments in this period. The RVX launch with celebrity endorsement shows intent to scale, but execution and market reception remain to be seen in coming quarters.
- RVX e-bike launch at ₹1.24L Jul 2
Revolt Motors launched the RVX electric bike on Jul 02 priced at ₹1.24 lakh, featuring a 4 kW mid-drive motor, 3.24 kWh battery with 160 km range, and fast charging capability. Celebrity brand campaign with Hardik Pandya signals aggressive marketing push.
- New product in competitive EV space Jul 2
The RVX enters an increasingly crowded electric two-wheeler segment. Pricing at ₹1.24 lakh positions it in the mid-range category with three colour options available at launch.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,268 | 1,615 | 1,880 | 1,294 | 2,494 | 1,801 | 1,921 | 1,505 | 2,313 | 2,124 | 2,006 | 1,697 | 1,870 |
| Expenses | 1,266 | 1,393 | 1,630 | 1,349 | 1,463 | 2,038 | 2,086 | 1,882 | 1,704 | 2,560 | 2,162 | 1,799 | 1,830 |
| Operating Profit | 2 | 222 | 250 | −55 | 1,031 | −237 | −165 | −377 | 609 | −436 | −155 | −102 | 40 |
| OPM % | 0.1% | 14% | 13% | −4.2% | 41% | −13% | −9% | −25% | 26% | −21% | −8% | −6% | 2.1% |
| Other Income | 205 | −47 | 0 | 6 | 4 | 0 | 0 | 5 | 4 | 4 | 1 | 2 | 10 |
| Interest | 24 | 29 | 32 | 29 | 26 | 30 | 23 | 16 | 17 | 19 | 18 | 19 | 19 |
| Depreciation | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 3 |
| PBT | 179 | 142 | 213 | −81 | 1,005 | −270 | −192 | −391 | 592 | −456 | −176 | −123 | 28 |
| Tax % | 0% | 1% | 12% | 0% | 15% | −11% | −11% | −8% | 15% | −13% | −8% | −10% | 48% |
| Net Profit | 178 | 140 | 187 | −82 | 851 | −242 | −170 | −359 | 502 | −397 | −162 | −110 | 15 |
| EPS (₹) | 1.29 | 1.02 | 1.36 | −0.59 | 6.16 | −1.75 | −1.23 | −2.57 | 3.64 | −2.87 | −1.17 | −0.8 | 0.11 |
Profit & Loss
₹ Cr| Particulars | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 4,124 | 6,187 | 6,866 | 7,533 | 7,697 |
| Expenses | 42 | 6 | 278 | 663 | 1,309 | 153 | 2 | 36 | 4,083 | 5,558 | 6,614 | 7,613 | 8,351 |
| Operating Profit | −42 | −6 | −278 | −663 | −1,309 | −153 | −2 | −22 | 40 | 629 | 253 | −80 | −654 |
| OPM % | — | — | — | — | — | — | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −156% | 1% | 10% | 3.7% | −1.1% | −8% |
| Other Income | 168 | −155 | 0 | 0 | 0 | 2 | 2 | 579 | −255 | −46 | 10 | 5 | 17 |
| Interest | 4 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 49 | 114 | 94 | 74 | 76 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 | 17 | 16 | 14 | 14 |
| PBT | 120 | −161 | −278 | −663 | −1,308 | −153 | 0 | 554 | −273 | 453 | 152 | −163 | −726 |
| Tax % | 30% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 6% | 47% | 2% | — |
| Net Profit | 84 | −161 | −278 | −663 | −1,308 | −153 | 0 | 554 | −286 | 424 | 81 | −166 | −654 |
| EPS (₹) | 0.33 | −1.17 | −2.01 | −4.8 | −9.46 | −1.11 | 0 | 4.01 | −2.06 | 3.08 | 0.61 | −1.2 | −4.73 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 255 | 276 | 276 | 276 | 276 | 276 | 276 | 276 | 276 | 276 | 276 | 276 |
| Reserves | 2,238 | 2,221 | 1,944 | 1,272 | −39 | −192 | −192 | 422 | 133 | 563 | 645 | 492 |
| Borrowings | 1,963 | 0 | 0 | 0 | 0 | 0 | 0 | 159 | 976 | 1,184 | 923 | 1,101 |
| Other Liabilities | 6,615 | 2 | 1 | 1 | 0 | 0 | 1 | 51 | 805 | 666 | 785 | 888 |
| Total Liabilities | 11,070 | 2,499 | 2,221 | 1,549 | 238 | 85 | 85 | 908 | 2,190 | 2,689 | 2,630 | 2,757 |
| Fixed Assets | 205 | 0 | 0 | 0 | 0 | 0 | 0 | 40 | 273 | 251 | 262 | 256 |
| CWIP | 7,035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 8 | 6 | 6 |
| Investments | 244 | 2,405 | 2,133 | 1,463 | 153 | 0 | 84 | 812 | 315 | 881 | 1,049 | 893 |
| Other Assets | 3,587 | 94 | 88 | 86 | 85 | 85 | 1 | 56 | 1,596 | 1,549 | 1,313 | 1,602 |
| Total Assets | 11,070 | 2,499 | 2,221 | 1,549 | 238 | 85 | 85 | 908 | 2,190 | 2,689 | 2,630 | 2,757 |
Cash Flow
₹ Cr| Particulars | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −58 | −96 | −2 | 0 | 14 | −17 | 67 | −14 | −678 | −37 | 306 | −56 |
| Investing | −742 | 7 | 0 | 0 | −15 | 18 | −67 | −102 | −25 | −26 | 30 | −7 |
| Financing | 957 | 32 | 0 | 0 | 0 | −1 | 0 | 117 | 734 | 97 | −373 | 105 |
| Net Cash Flow | 158 | −58 | −2 | 0 | 0 | 0 | 0 | 2 | 30 | 34 | −36 | 43 |
| Free Cash Flow | −1,882 | −96 | −2 | 0 | 14 | −17 | 67 | −14 | −691 | −42 | 297 | −64 |
| CFO/EBITDA | 109 | 1,527 | 1 | 0 | −1 | 11 | −4,014 | 61 | −1,545 | −3 | 137 | 69 |
Ratios
| Particulars | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | — | — | — | — | — | 48 | 4 | 3 | 3 | 3 |
| Inventory Days | — | — | — | — | — | — | — | — | 114 | 72 | 55 | 63 |
| Days Payable | — | — | — | — | — | — | — | — | 70 | 43 | 43 | 48 |
| Cash Conversion Cycle | — | — | — | — | — | — | — | 48 | 48 | 31 | 15 | 18 |
| Working Capital Days | — | — | — | — | — | — | — | −3,228 | −28 | 41 | 24 | 27 |
| ROCE % | — | — | −12% | −35% | −146% | −94% | −1% | −5% | 3% | 36% | 13% | −5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view RattanIndia Enterprises insights
63 extracted metrics across FY12–FY27.
Documents
- 3 Nov 2026
- General announcements 4 Nov 2026
- General announcements 12 Oct 2026
Frequently Asked Questions about RattanIndia Enterprises
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Company Information
RattanIndia Enterprises Limited is the flagship company of Rattanindia Group. RattanIndia Enterprises Limited comprises of tech focussed new age businesses including e-commerce, electric vehicles, and drones.
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