Which companies are RattanIndia Power's closest peers?

The cockpit's peer set: IPD (IPG.AX), eREX (9517.T), Beijing Jingneng Thermal (002893.SZ), Dalian Thermal Power (600719.SS), Okinawa Electric Power (9511.T), SGC Energy (005090.KS), Pace Digitek (PACEDIGITK.NS), Giga Solar Materials (3691.TWO).

Is RattanIndia Power expensive compared with its peers?

On ev / sales it trades at 1.2× against a peer median of 1.9×, 8th cheapest of 21 in its peer set.

How has RattanIndia Power stock performed?

Over six months to 6 Nov 2026 the shares returned -35.5% against -20.4% for the median peer; over one year -41.7%.

← CockpitCompetitor Analysis › RTNPOWER.NS RattanIndia Power LimitedOpen in the cockpit ↗

RattanIndia Power LimitedRTNPOWER.NSCompetitor analysis, valuation and peers

India · INR·Power & Utilities›Electric Utilities

Momentum laggard 7

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$377M

US dollars, full cap

Free float

50%

of shares outstanding

$/day

$816,505

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-9.3 pp

WACC 12.3%

Hurdle

n/a

no reverse DCF

Close · INR₹6.64

1D-1.2%

1W+4.4%

1M-0.9%

3M-24.3%

6M-35.5%

YTD-29.7%

1Y-41.7%

ATR %3.8%

Beta1.13

52w lowhigh42.4% off high

What RattanIndia Power does

Employees: 563

RattanIndia Power at a glance

Size RattanIndia Power (RTNPOWER.NS) is an India Utilities company (Electric Utilities) with a market value of $377M, the 962nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹6.64 on 6 Nov 2026.

Performance Over six months the shares fell 35.5%, against -20.4% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue fell 6.5% over the last twelve months (peer median +3.5%); the operating margin is 6.3% (peer median 3.5%).

Valuation It trades at 1.2× enterprise value to sales against a peer median of 1.9× (8th cheapest of 21).

Capital Return on invested capital runs 9.3 points below its cost of capital (12.3% WACC).

Relative performance

Six months, rebased to 100: RattanIndia Power against the median of its 20 peers (local-currency closes).

RattanIndia Power financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹29.7B	₹29.9B	₹32.8B	₹33.6B	₹32.3B
Revenue growth	—	-9%	-2%	+4%	—
Gross profit	₹3.79B	₹2.64B	₹4.33B	₹3.62B	₹4.61B
EBITDA	₹4.34B	₹4.33B	₹6.05B	₹6.66B	₹7.50B
Net income	₹1.11B	₹524M	₹2.22B	₹89.0B	-₹18.7B
Free cash flow	n/a	-₹401M	₹2.50B	₹8.83B	₹8.19B
Capital expenditure	n/a	₹778M	₹1.17B	₹986M	₹308M
Total debt	n/a	₹37.1B	₹36.1B	₹35.6B	₹110B

Quarterly statements and history in the cockpit →

RattanIndia Power competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. RattanIndia Power is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. RattanIndia Power is the large dot.

RattanIndia Power competitors and peer comparison

How RattanIndia Power compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

RattanIndia Power against its 20 peers (data as of 6 Nov 2026)
Measure	RTNPOWER.NS	Peer median	Rank in peer set
1-month return	-0.9%	-7.9%	5th highest of 21
6-month return	-35.5%	-20.4%	5th lowest of 21
Distance from 52-week high	-42.4%	-34.2%	7th lowest of 21
Revenue growth (TTM)	-6.5%	+3.5%	5th lowest of 21
Operating margin	6.3%	3.5%	9th highest of 21
EV / Sales	1.2×	1.9×	8th cheapest of 21
ROIC minus cost of capital	-9.3 pp	-2.2 pp	3rd lowest of 21
EV / EBITDA	8.2×	10.7×	cheapest of 11
Net debt / EBITDA	8.4×	1.7×	4th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
RattanIndia Power RTNPOWER.NS	India	$377M	-35%	-6%	6%	1.2×	n/a	n/a
IPD IPG.AX	Australia	$372M	-18%	+17%	11%	1.4×	5.6%	+28.5%
eREX 9517.T	Japan	$370M	-26%	+3%	3%	0.5×	n/a	n/a
Beijing Jingneng Thermal 002893.SZ	China	$387M	-11%	+15%	8%	2.2×	9.9%	+7.0%
Dalian Thermal Power 600719.SS	China	$387M	-18%	+2%	8%	7.0×	n/a	n/a
Okinawa Electric Power 9511.T	Japan	$366M	+14%	-3%	-1%	1.7×	n/a	n/a
SGC Energy 005090.KS	South Korea	$363M	-43%	-4%	6%	0.2×	n/a	n/a
Pace Digitek PACEDIGITK.NS	India	$361M	-15%	+8%	16%	1.4×	n/a	n/a
Giga Solar Materials 3691.TWO	Taiwan	$403M	0%	+88%	2%	2.1×	n/a	n/a
Guangzhou Devotion Thermal Technology 300335.SZ	China	$341M	-26%	-11%	10%	2.0×	4.9%	-7.8%
Zespol Elektrocieplowni Wroclawskich KOGENERACJA KGN.WA	Poland	$326M	+4%	+14%	15%	0.4×	n/a	n/a
PTC India PTC.NS	India	$437M	-39%	+13%	4%	0.2×	-18.2%	-1.4%
Xi'an Actionpower Electric 688719.SS	China	$324M	-32%	+3%	-5%	2.0×	n/a	n/a
Suwen Electric Energy Technology 300982.SZ	China	$448M	-41%	-55%	-13%	2.5×	n/a	n/a
Hunan Chendian International Development 600969.SS	China	$453M	-18%	+4%	3%	2.2×	0.2%	+6.4%
Acinque AC5.MI	Italy	$460M	-6%	-11%	3%	1.1×	12.8%	+9.3%
Shenyang Huitian Thermal Power 000692.SZ	China	$308M	-23%	+2%	-7%	3.0×	n/a	n/a
Genie Energy GNE	United States	$466M	+23%	+10%	3%	0.5×	-3.6%	+7.1%
Hallador Energy HNRG	United States	$476M	-46%	+8%	2%	1.1×	n/a	n/a
Concord New Energy 0182.HK	Hong Kong	$296M	-23%	+4%	30%	8.1×	8.5%	+4.2%
Sichuan Xichang Electric Power 600505.SS	China	$520M	-31%	-10%	7%	3.6×	1.2%	+9.5%

Questions

Which companies are RattanIndia Power's closest peers?: The cockpit's peer set: IPD (IPG.AX), eREX (9517.T), Beijing Jingneng Thermal (002893.SZ), Dalian Thermal Power (600719.SS), Okinawa Electric Power (9511.T), SGC Energy (005090.KS), Pace Digitek (PACEDIGITK.NS), Giga Solar Materials (3691.TWO).
Is RattanIndia Power expensive compared with its peers?: On ev / sales it trades at 1.2× against a peer median of 1.9×, 8th cheapest of 21 in its peer set.
How has RattanIndia Power stock performed?: Over six months to 6 Nov 2026 the shares returned -35.5% against -20.4% for the median peer; over one year -41.7%.