Rattanindia Enterprises Limited (RTNINDIA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1565.7%

₹415.76

vs ₹24.96 price

Levered DCF

-₹550.65

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-32.07×	71.15×	24.66×	-17.06×	11.51×	51,000×	-1.85×	-0.3×
P/B	6.9×	6.52×	12.52×	11.87×	9.13×	8.34×	3.35×	1.63×
P/S	0.7×	0.87×	1.87×	1.2×	455.88×	7,049.58×	3,093.51×	516.19×
EV / EBITDA	70.53×	25.93×	19.93×	-28.77×	11.46×	80,103.97×	-1,364.04×	-0.3×
Gross margin	20.3%	18.7%	14.3%	1.4%	-15.0%	-906.7%	-1.7%	-0.3%
Operating margin	1.0%	3.5%	13.7%	1.1%	-69.7%	-1676.0%	-148.0%	-102.9%
Net margin	-2.2%	1.2%	7.6%	-7.0%	3958.2%	7.0%	-167073.3%	-174473.4%
Current ratio	1.16×	1.32×	0.82×	0.9×	1.2×	155.51×	137.62×	77.09×
Debt / equity	1.43×	1×	1.41×	2.39×	0.23×	0×	0×	0×
Interest coverage	1.02×	2.52×	6.75×	0.88×	-5.36×	-45.18×	-0.11×	-18.5×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-21.5%	9.2%	50.8%	-69.5%	79.3%	0.0%	-180.9%	-550.5%
Return on invested capital	3.8%	6.5%	35.0%	3.1%	-1.1%	-2.0%	-0.2%	-0.3%
Return on assets	-6.0%	3.2%	15.8%	-13.0%	61.0%	0.0%	-180.6%	-550.0%
Free cash flow yield	-1.7%	4.2%	-0.4%	-14.2%	-0.2%	9.5%	-6.0%	3.7%
Earnings yield	-3.1%	1.4%	4.1%	-5.9%	8.7%	0.0%	-54.0%	-338.0%
Enterprise value	₹63.3B	₹68B	₹116.3B	₹58B	₹65.4B	₹7B	₹2.8B	₹3.9B
Net debt / EBITDA	11.45×	3.02×	1.92×	-4.68×	0.28×	-4.86×	0.26×	0×
Cash conversion cycle (days)	17	15	30	50	-14,130	0	0	-2