RattanIndia Enterprises Limited (RTNINDIA)

Micro Cap

RattanIndia Enterprises builds scalable businesses in sunrise sectors: e-commerce (Cocoblu Retail, NeoBrands), electric vehicles (Revolt Motors), and drones (NeoSky). It operates 100% subsidiaries in these segments, focusing on new-age, low-capex, and rapidly scalable ventures.

₹23.7

-1.16 · -4.67%

Market cap ₹3,516 Cr

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST

Details

Quote21 Oct, 03:31 pm IST

Base fundamentals17 Oct 2026 · screener

Latest result05 Aug, 08:35 pm IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags15 Aug 2026

Coverage12/14 · 86%

Valuation2026-07-20 · Rf 6.8% · Diversified P/E 16.4 (n=25)

Technical timing lens

Trend score and candlestick chart

28Bearish

full bear SMA stack · SMA20 -9.6% / mo · RSI oversold · MACD + · near 52W low

Stock trend: 28

Sector RS: —

Diversified FPI tailwindFlow only

FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence

Compare peers →

Technical chart

RTNINDIAD candles · FIT view-34.4%

Latest close ₹23.70 on 2026-10-21

Bar

-4.6%

RSI

MACD hist

0.01

52W pos

2026-10-21O ₹24.85H ₹24.85L ₹23.40C ₹23.70Vol 13.6L sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

RTNINDIANifty 500

RTNINDIA: -27.3%
Nifty 500: -6.5%
Vs Nifty 500: -20.8 pp

Chart stats

21 Oct 2026

From 52W high: -56.4%
52W range position: 1%
ATR (14): 4.3%
Volume vs 20D: 1.00x
Avg traded value: ₹3.5 Cr
20D price channel: ₹23.4 - ₹28.4

No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.

Quarter ended 30 Jun 2026

Bad · 0

Rev -19% YoY · PAT -97% YoY · margin compression · +10% QoQ

Revenue: ₹1,870 Cr; YoY -19.1%
PAT: ₹15 Cr; YoY -97.0%
Operating margin: 2.1%; QoQ +810 bps
PAT margin: 0.8%; QoQ +728 bps

Filed 05 Aug 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 4 Downtrend

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 5; -4 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 4 Downtrend
Sector rotation: #16; lagging · 35 stocks
Industry rotation: —; Fewer than five rank-eligible peers

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Oversold zone

MACD

Above signal

Histogram +0.01

Volume participation

1.0x average

Versus 20-session average

20-session position

6% of range

₹23.4 low · ₹28.39 high

Relative performance

vs Nifty 500

1M: -8.0 pp; stock -12.5%
3M: -20.8 pp; stock -27.3%
6M: -26.2 pp; stock -31.4%
1Y: -45.7 pp; stock -53.6%

From 52W high

-56.4%

High ₹54.39

52W range position

₹23.4 - ₹54.39

ATR (14)

4.3%

₹1.02

Avg traded value

₹3.5 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step

Verify management risk first

Do not let cheap valuation override weak Trust or governance evidence.

U-Score

Legacy · OVERVALUED

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -19% YoY · PAT -97% YoY · margin compression · +10% QoQ

Filed 05 Aug 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹1,870 Cr	-19.1%	+10.2%
EBITDA	₹40 Cr	-93.4%	+139.2%
Operating margin	2.1%	-2390 bps	+810 bps
PAT	₹15 Cr	-97.0%	NDF
PAT margin	0.8%	-2090 bps	+728 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: —
P/B: 4.57
EV/EBITDA: —
Market Cap: 3516.00Cr

Profitability

ROE: -19.60%
ROCE: -4.76%
ROA: -23.72%
Dividend Y: —

Growth (CAGR)

Revenue 5Y: 845.00%
EPS 5Y: -10.00%
Revenue 3Y: 22.00%
EPS 3Y: -23.00%

Balance Sheet

Debt/Equity: 1.43
Interest Coverage: -8.61×
Altman Z: 3.42
Book Value: 5.56

Cash Flow

FCF Yield: —
FCF Positive Y: 2/5
OCF: -56.00 Cr
EPS TTM: -4.73

Shareholding

Promoter Hold: 74.87%
Promoter Pledge: 0.00%
Momentum 52W: 5%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 1,870+10.2% vs prev

Net Profit

₹ Cr

Latest: 15.0+113.6% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 28. Wait for confirmation.

Price < SMA20 < SMA50 < SMA200 — full bearish stack.
SMA20 falling (~10.6% over last month) — short-term momentum negative.
RSI(14) at 28 — oversold zone; bounce conditions.
MACD above signal but histogram contracting — bullish momentum cooling.
Within 5% of 52-week low — testing support.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 4 Downtrend

1M return

-12.5%

3M return

-27.3%

6M return

-33.6%

1Y return

-55.4%

RS 1D

-1

RS 20D

-4

Sector rank

#16

Industry rank

Stage evidence

Price is 24.8% below the 30-week proxy.
The 50-DMA is below the 30-week proxy and its slope is falling -0.7%.
Both 3-month and 6-month returns are negative.

50-DMA

price below

200-DMA

price below

Sector

lagging

Industry

unranked

Relative-strength line vs Nifty 500 (base 100)

262 observations

21 Oct 2026Value 47.44-3.77%

RS vs Nifty 50047

Valuation & peers

U-Score 16 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies

OVERVALUED

Fundamental score breakdown

U band · OVERVALUED

Valuation2/30

Growth6/25

Quality0/20

Balance Sheet6/15

Cash Flow1/10

Piotroski

1/9 (+0)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

16/100 · legacy band OVERVALUED

Positive drivers

Balance sheet contributes 6/15 to the score.
Growth contributes 6/25 to the score.
Cash flow contributes 1/10 to the score.

Main drags

Quality is weaker at 0/20; verify the latest quarterly trend.
Valuation is weaker at 2/30; verify the latest quarterly trend.
Cash flow is weaker at 1/10; verify the latest quarterly trend.

Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative

Primary lens

PE, EV/EBITDA, margin of safety, and FCF yield together.

Secondary checks

ROE/ROCE, growth, cash conversion, leverage, promoter risk.

Main risk check

One cheap metric is not enough if quality or cash flow is weak.

—

4.6

EV/EBITDA

—

ROE

-19.6%

ROCE

-4.8%

FCF Yield

—

Debt/Equity

1.4

MoS

—

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 16

Legacy U-Score band

OVERVALUED

Previous: OVERVALUED

Margin of safety

—

Peers

Business-comparable peers in Diversified — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

Bluspring Enterprises Limited

Urban Company Limited

Gretex Corporate Services Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-06-03T01:56:03.157Z

Management commentary snapshot

FY26 Total Income grew 10% YoY to ₹7,537 Cr, with EBITDA of ₹98 Cr (excl. MtoM loss). Q4 FY26 Cocoblu Retail income rose 13% YoY, driven by Amazon ecosystem integration and vendor expansion.

The company demonstrates consistent revenue growth across its diverse portfolio, with strong operational metrics in e-commerce and EV market leadership. Strategic expansions and government contracts indicate continued momentum, though profitability remains modest relative to revenue.

Growth engines

E-commerce Expansion

Cocoblu Retail's robust Amazon ecosystem integration, vendor expansion, and Middle East launch with Noon.

EV Market Leadership

Revolt's ~70% market share in EV motorcycles, expanding dealer network, and strong EV policy tailwinds.

Gen Z Brand Portfolio

NeoBrands growing at ~21% YoY with 7 Amazon-native brands tapping India's rapidly expanding Gen Z consumer segment.

Defence & Commercial Drone Tech

NeoSky's 6x growth from strategic government contracts and whitespace in tier-2/3 city agricultural and surveillance markets.

Capacity and execution

Cocoblu Fulfilment Network

Tied up with 520 Amazon fulfilment centres & Quick Commerce dark stores.

Cocoblu Vendor Base

1,500+ active vendors in Q4 FY26, up from 1,200+ in FY25.

Revolt Dealer Network

Expanded to 221 dealer stores, covering 202 cities and 24 states/UTs.

NeoSky Training Locations

FICCI association expanded to 14 new locations for drone demonstration and training.

Tailwinds

EV Policy Support

28+ states & UTs have dedicated EV policies, including purchase subsidies, road tax exemptions, and charging infrastructure mandates.

Government Subsidies (EV)

Revolt Motors approved for PM-E Drive subsidy, receiving ₹5,000 per motorcycle from Govt. of India.

Digital India Initiatives

Government's Make in India and Atmanirbhar Bharat initiatives driving domestic procurement for drones.

E-commerce Market Growth

Indian e-commerce market projected to grow from $150B (2025) to $350B (2030), with online shoppers increasing.

Risk radar

Forward-Looking Statements

Actual results may vary significantly from forward-looking statements due to various risks and uncertainties.

Economic & Political Conditions

Effect of economic and political conditions in India and outside India, volatility in interest rates and securities markets.

Regulatory Changes

New regulations and government policies that might impact the business of RattanIndia Enterprises.

Competition

Traditional ICE players now eyeing EV motorcycle segment, validating Revolt's early-mover advantage but indicating future competition.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

YoY comparison is crucial for assessing overall business growth and market share in seasonal or developing sectors like e-commerce and EVs. QoQ is relevant for tracking sequential momentum, vendor expansion, and operational execution in the fast-paced e-commerce and EV segments.

Sector KPIs management disclosed

Cocoblu Retail FY26 Revenues

₹7,351 Cr, up 13% YoY from ₹6,528 Cr in FY25.

Cocoblu Retail Q4 FY26 Revenues

₹1,644 Cr, up 13% YoY from ₹1,461 Cr in Q4 FY25.

Cocoblu Retail Active Vendors

1,500+ in Q4 FY26, up 30% YoY from 1,200+ in FY25.

Cocoblu Retail Q4 FY26 Orders Served

~3 Cr orders, up from 2.8 Cr in Q4 FY25.

Management forward view

Business Philosophy

Focus on new age, ESG compliant, direct-to-consumer, low capex, clean tech, rapidly scalable businesses aiming for leadership.

E-commerce Ambition

To continue growing at a pace similar to that which we have demonstrated.

Global E-commerce Expansion

Cocoblu Global Retail is a key step in building a modern, technology-enabled retail footprint across global markets.

Drone Vision

NeoSky aims to be a full-line drone player, providing 360-degree solutions (DAAP, DAAS, SAAS) with a vision of 'A Drone in every Indian house'.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Cocoblu Retail Revenue Growth	13% YoY in FY26	Sustained double-digit growth and impact of Middle East expansion.
Revolt EV Market Share	~70% in FY25-26	Maintenance or increase in market share amidst rising competition from traditional players.
Revolt Dealer Network Expansion	221 stores across 202 cities	Continued aggressive expansion of dealer network and global footprint.
NeoSky Growth Rate	6x growth	Continued high growth rates driven by government contracts and new market penetration.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

47Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 4th percentile of the scored universe and 6th percentile within Diversified. Main check: financial discipline is weak at 18/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

44 docs text-extracted · 0 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

4th percentile

overall median 67 · Diversified: 6th pctile, median 61 · Micro: 2nd pctile, median 73

Evidence depth

Financial-only

44 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

weak · profit to cash conversion

Balance sheet

acceptable · leverage and solvency

Discipline

weak · capital discipline

Results

weak · quarterly consistency

Trust positives

▸Promoter holding is 74.9%.
▸Promoter pledge is zero.
▸3/4 latest quarters had positive YoY revenue growth.

Trust risks

▸Operating cash flow is negative at ₹-56 Cr.
▸4 latest quarters had PAT decline worse than 25% YoY.
▸Debt/equity is 1.43.
▸ROCE is low at -4.8%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Diversified stocks Browse Indian stocks starting with R Explore fundamental stock screeners Browse Indian investment themes

Related companies

TSC India Ltd. (TSC)ETERNAL LIMITED (ETERNAL)Bluspring Enterprises Limited (BLUSPRING)Urban Company Limited (URBANCO)Gretex Corporate Services Limited (GCSL)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

RattanIndia Enterprises Limited (RTNINDIA)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

E-commerce Expansion

EV Market Leadership

Gen Z Brand Portfolio

Defence & Commercial Drone Tech

Cocoblu Fulfilment Network

Cocoblu Vendor Base

Revolt Dealer Network

NeoSky Training Locations

EV Policy Support

Government Subsidies (EV)

Digital India Initiatives

E-commerce Market Growth

Forward-Looking Statements

Economic & Political Conditions

Regulatory Changes

Competition

What management said, and what results must prove

Cocoblu Retail FY26 Revenues

Cocoblu Retail Q4 FY26 Revenues

Cocoblu Retail Active Vendors

Cocoblu Retail Q4 FY26 Orders Served

Business Philosophy

E-commerce Ambition

Global E-commerce Expansion

Drone Vision

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching RattanIndia Enterprises Limited

Important announcements & filings

Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Newspaper clipping- Notice of 16th Annual General Meeting E-voting and Book closure.

Aug 2026 · PPT

Announcement under Regulation 30 (LODR)-Press Release / Media Release 2 Jul - Revolt Motors launches RVX electric bike at ₹1.24 lakh; 5.3 kW peak power, 160 km range.

May 2026 · PPT

May 2026 · PPT

Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 May - Revolt riders crossed 72 crore electric kilometres, avoiding 93 lakh litres of petrol.

Annual Report 2026

Mar 2026 · Annual Report 2026

Mar 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 Apr - Revolt Motors' March 2026 sales roughly tripled month-on-month, signaling accelerated EV adoption.

Feb 2026 · PPT

Feb 2026 · PPT

Nov 2025 · PPT