RattanIndia Enterprises Ltd (RTNINDIA)

Financial Services · Finance · NSE · Updated 12 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹27.73 ↓ 50.92% (1Y)

🎯 Key Takeaways

RattanIndia Enterprises Ltd is in a critical turnaround phase following years of operational losses and negative returns, with management actively restructuring operations ahead of its upcoming Q1 results. The company has stabilized promoter holding at 74.
Revenue grew 10.2% QoQ to ₹1,870 in Q1FY27.
⚠️ The company continues to operate at a massive scale of losses with negative ROE and ROCE, raising concerns about long-term viability if profitability

Market Cap

₹3,833

P/B Ratio

4.16

ROE

-70.9%

ROCE

-36.1%

Debt/Equity

0.96

Promoter

74.9%

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📖 The Story

RattanIndia Enterprises Ltd is in a critical turnaround phase following years of operational losses and negative returns, with management actively restructuring operations ahead of its upcoming Q1 results. The company has stabilized promoter holding at 74.86% while institutional interest has recently declined slightly from 6.18% to 5.55% over four quarters, indicating cautious investor sentiment. Despite a severely negative ROE of -70.9% and ROCE of -36.1%, the business is showing early signs of operational stabilization with sequential improvement in profitability metrics.

📰 What's Happening

Management has prioritized governance and shareholder engagement, scheduling the 16th Annual General Meeting for September 24, 2026 via video conference with remote e-voting available from September 21 to 23, 2026, following board approval on August 5, 2026. The trading window for insiders closed on July 1, 2026 ahead of the un-audited Q1 results for the quarter ending June 30, 2026, with the board meeting date to be announced later. This sequence of events reflects a deliberate focus on transparency and procedural compliance during a pivotal reporting period.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2,124	2,006	1,697	1,870
Operating Profit	-459	-177	-125	18
OPM %	-21.6%	-8.8%	-7.4%	1.0%
Net Profit	-397	-162	-110	15
EPS	₹-2.87	₹-1.17	₹-0.80	₹0.11

The company has demonstrated sequential improvement in operational performance, with operating loss narrowing from ₹-459 crore in September 2025 to ₹-125 crore in March 2026, and further to a modest ₹18 crore operating profit in June 2026 — signaling potential inflection in core business viability. Revenue has stabilized around ₹1,800-2,100 crore quarter-on-quarter, while net losses have reduced from ₹-397 crore to ₹-110 crore over the same period, aligning with management's stated focus on cost optimization and margin improvement.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the disclosed filings, but the timing of the Q1 results announcement and AGM suggests active preparation for renewed strategic communication. The board's decision to close the trading window ahead of results indicates sensitivity around near-term performance, though no official projections or targets were included in the regulatory disclosures reviewed.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	276	276	276	276
Reserves	1,173	645	757	492
Borrowings	1,254	882	1,111	1,101
Total Liabilities	3,800	2,636	3,281	2,771
Fixed Assets	37	268	46	43
Investments	1,629	1,049	1,195	893
Total Assets	3,800	2,636	3,281	2,771

The balance sheet shows stable equity of ₹276 crore with reserves declining slightly from ₹757 crore to ₹492 crore in the latest quarter, while borrowings remain elevated at ₹1,101 crore — suggesting limited capital restructuring despite improving operations. Total assets have contracted from ₹3,281 crore to ₹2,771 crore, reflecting asset reduction or reclassification, but the company maintains a relatively unchanged capital structure without significant deleveraging or fresh equity raises.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+306
Investing	+30
Financing	-373
Net Cash Flow	-36

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	74.9%	74.9%	74.9%	74.9%
FII	6.2%	6.2%	5.5%	5.4%
DII	0.1%	0.1%	0.1%	0.1%
Public	15.2%	15.1%	15.5%	15.7%
# Shareholders	4,26,326	4,11,399	4,01,055	3,95,032

Promoter holding has remained tightly controlled at 74.86% for four consecutive quarters, indicating no dilution or stake sale, while FII allocation has gradually declined from 6.18% to 5.55% and DII from 0.09% to 0.07%, signaling modest institutional exit or reduced accumulation. The growing shareholder base — from 4.01 lakh to 3.95 lakh unique holders — combined with rising public shareholding suggests retail interest may be offsetting institutional caution, though overall ownership remains concentrated.

⚖️ Peer Comparison — Finance

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
BAJFINANCE	6.44 L Cr	31.7	10.4%	18.1%	3.82
BAJAJFINSV	3.07 L Cr	30.1	11.4%	26.5%	5.50
SHRIRAMFIN	2.42 L Cr	18.1	11.5%	17.1%	3.80
CHOLAFIN	1.57 L Cr	27.2	9.3%	18.9%	6.93
TATACAP	1.54 L Cr	28.1	8.4%	12.3%	5.28
JIOFIN	1.52 L Cr	71.4	2.3%	1.6%	0.17
ICICIAMC	1.50 L Cr	30.1	111.5%	83.6%	0.00
BAJAJHLDNG	1.24 L Cr	14.0	12.4%	12.3%	0.00
PFC	1.17 L Cr	4.5	9.8%	25.3%	7.62
MUTHOOTFIN	1.12 L Cr	9.9	14.4%	29.3%	3.88

🔗 Peer Stock Analyses

BAJFINANCE BAJAJFINSV SHRIRAMFIN CHOLAFIN TATACAP

⚠️ Risk Factors

The company continues to operate at a massive scale of losses with negative ROE and ROCE, raising concerns about long-term viability if profitability does not sustainably improve. Persistent negative operating margins in prior quarters and the absence of clear forward guidance create uncertainty around the durability of recent operational improvements. High borrowings relative to equity and the lack of dividend or capital return plans further constrain financial flexibility amid ongoing restructuring.

📋 Recent Filings

🧠 Analyst's Read

RattanIndia Enterprises remains in a delicate transitional phase where execution risk dominates — while early signs of operational stabilization are encouraging, the path to sustainable profitability and margin recovery must be validated in upcoming quarters. Investors should monitor the upcoming Q1 results and management's commentary for clarity on the sustainability of improvements and any strategic updates to the turnaround trajectory.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-12.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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