Rattanindia Power Limited
RattanIndia Power Limited (RPL) was incorporated in the year 2007 as Sophia Power Company Limited, originally as a part of Indiabulls group. The company changed its name to Indiabulls Power Limited after its listing on NSE as well as BSE in the year ...
Key Metrics
EPS
16.57
Current ratio
2.28
Debt/Equity
0.78
Debt/EBITDA
0.32
Interest coverage ratio
4.76
Operating Cashflow to total debt
0.35
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Low off take risk supported by long term PPA
Improvement in operating performance albeit decline in profitability margins
Low reliance on e-auctioned/imported coal
Prepayment of debt obligations
Liquidity Position : Adequate
Cons
Intensive Working Capital Management
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About Rattanindia Power Limited bond.
This comprehensive profile covers key factual information about Rattanindia Power Limited. RattanIndia Power Limited (RPL) was incorporated in the year 2007 as Sophia Power Company Limited, originally as a part of Indiabulls group. The company changed its name to Indiabulls Power Limited after its listing on NSE as well as BSE in the year 2009. In 2014, subsequent to the group split along with Indiabulls Infrastructure and Power Limited, the company was carved out and renamed as RattanIndia Power Limited. RPL is promoted by Mr. Rajiv Rattan who is one of the co-founders of Indiabulls Group and currently holds the Chairmanship of RattanIndia Group. The company operates Amravati Thermal Power Project, located at Amravati district, Maharashtra with a total power generation capacity of 2,700 MW comprising of two phases of 1,350 MW each. Phase-I of the power plant (270 MW x 5 units) was commissioned in March 2015. Phase-II is abandoned. The registered office of the company is in Delhi. EPS in Mar-2024 was 16.57. Current ratio in Mar-2024 was 2.28. Debt/Equity in Mar-2024 was 0.78. Debt/EBITDA in Mar-2024 was 0.32. Interest coverage ratio in Mar-2024 was 4.76. Operating Cashflow to total debt in Mar-2024 was 0.35. Total revenue for Mar-2025(E) was ₹15127.97. Net income for Mar-2025(E) stood at ₹9303.47. Total assets as of Mar-2024 were ₹9565.67. Operating cash flow for Mar-2024 was ₹1,305.76. The company’s borrowing relationships include Kotak Mahindra Bank (₹N/A Cr), (₹N/A Cr), (₹N/A Cr), (₹N/A Cr), (₹N/A Cr), (₹N/A Cr), (₹N/A Cr), Reclamation Realty India Private Limited (₹N/A Cr). Peers and comparison entities consist of Rattanindia Power Limited, NTPC Limited, Adani Power Limited, JSW Energy Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Low off take risk supported by long term PPA ; Improvement in operating performance albeit decline in profitability margins; Low reliance on e-auctioned/imported coal; Prepayment of debt obligations; Liquidity Position : Adequate . Key risks include: Intensive Working Capital Management. Leadership team details include Rajiv Rattan (Chairmand Executive Director of RPL), Ajay Kumar Tandon (Independent Director of RPL), Virender Singh (Independent Director of RPL), Pritika Poonia (Independent WomDirector of RPL), Manish Chitnis (Chief Financial Officer of RPL), Gaurav Toshkhani (Company Secretary and Compliance Officer of RPL), Jayant Shriniwas Kawale (Managing Director of RPL), Baliram Ratna Jadhav (Whole Time Director), Himanshu Mathur, (Whole Time Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.