Reported Earnings • May 08
Full year 2026 earnings released: EPS: ₹0.10 (vs ₹0.41 in FY 2025) Full year 2026 results: EPS: ₹0.10 (down from ₹0.41 in FY 2025). Revenue: ₹33.5b (up 1.9% from FY 2025). Net income: ₹524.4m (down 76% from FY 2025). Profit margin: 1.6% (down from 6.8% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 04
RattanIndia Power Limited to Report Q4, 2026 Results on May 07, 2026 RattanIndia Power Limited announced that they will report Q4, 2026 results on May 07, 2026 Announcement • Feb 26
NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. completed the acquisition of Sinnar Thermal Power Limited from RattanIndia Power Limited. NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. entered into letter of intent to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited on June 14, 2025. Adani Power Limited, JSW Energy Limited, Jindal Power Limited, Vedanta Limited, Torrent Power Limited and NTPC Limited signed a shareholder agreement to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited for INR 38 billion on January 9, 2026. As of March 31, 2025, Sinnar Thermal Power Limited generated revenue of INR 0.
The transaction is subject to approval of bankruptcy court, National Company Law Tribunal, Delhi, and/or any other relevant regulatory authority, or tribunal, under applicable laws. The transaction is approved by the Committee of Creditors. As of November 28, 2026, the transaction has been approved by National Company Law Tribunal, Delhi.
NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. completed the acquisition of Sinnar Thermal Power Limited from RattanIndia Power Limited on February 24, 2026. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹0.11 (vs ₹0.008 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.11 (up from ₹0.008 in 3Q 2025). Revenue: ₹7.28b (flat on 3Q 2025). Net income: ₹542.6m (up ₹499.3m from 3Q 2025). Profit margin: 7.5% (up from 0.6% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year. Announcement • Jan 27
RattanIndia Power Limited to Report Q3, 2026 Results on Jan 30, 2026 RattanIndia Power Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: ₹0.06 loss per share (vs ₹0.003 loss in 2Q 2025) Second quarter 2026 results: ₹0.06 loss per share (further deteriorated from ₹0.003 loss in 2Q 2025). Revenue: ₹7.43b (up 8.9% from 2Q 2025). Net loss: ₹315.5m (loss widened ₹302.0m from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
RattanIndia Power Limited to Report Q2, 2026 Results on Oct 31, 2025 RattanIndia Power Limited announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Oct 10
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to ₹11.48. The fair value is estimated to be ₹9.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Announcement • Sep 05
RattanIndia Power Limited, Annual General Meeting, Sep 26, 2025 RattanIndia Power Limited, Annual General Meeting, Sep 26, 2025, at 15:00 Indian Standard Time. Buy Or Sell Opportunity • Aug 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.3% to ₹12.42. The fair value is estimated to be ₹10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Aug 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₹12.10. The fair value is estimated to be ₹10.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jul 24
First quarter 2026 earnings released: ₹0.02 loss per share (vs ₹0.17 profit in 1Q 2025) First quarter 2026 results: ₹0.02 loss per share (down from ₹0.17 profit in 1Q 2025). Revenue: ₹9.21b (down 1.2% from 1Q 2025). Net loss: ₹131.1m (down 114% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • Jul 17
RattanIndia Power Limited to Report Q1, 2026 Results on Jul 23, 2025 RattanIndia Power Limited announced that they will report Q1, 2026 results at 9:15 AM, Indian Standard Time on Jul 23, 2025 New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹14.29, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 32x in the Renewable Energy industry in India. Total returns to shareholders of 281% over the past three years. New Risk • May 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.8% Last year net profit margin: 264% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (6.8% net profit margin). Announcement • May 02
RattanIndia Power Limited to Report Q4, 2025 Results on May 07, 2025 RattanIndia Power Limited announced that they will report Q4, 2025 results on May 07, 2025 Announcement • Mar 06
Rattanindia Power Limited Appoints Lalit Narayan Mathpati as Company Secretary and Compliance Officer RattanIndia Power Limited at its board meeting held on March 6, 2025 approved the appointment of Mr. Lalit Narayan Mathpati (ICSI Membership No. FCS 7943) as Company Secretary, Compliance Officer and Key Managerial Personnel with effect from 7th March, 2025. Lalit Narayan Mathpati is a seasoned Governance and Legal Professional, having more than 25 years of distinguished experience in Power and Finance Sector. He has a proven track record of managing various projects across governance and legal matters including merger & Demerger, Preferential issuance, QIB Placements, other Private equity fundings, joint ventures, IPOs, Public /GDR issues, Buybacks, ESOPs, Restructurings etc. He has played a pivotal role in ensuring regulatory compliance and strengthening governance framework. Reported Earnings • Jan 23
Third quarter 2025 earnings released: EPS: ₹0.008 (vs ₹1.09 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.008 (up from ₹1.09 loss in 3Q 2024). Revenue: ₹7.33b (down 9.1% from 3Q 2024). Net income: ₹43.3m (up ₹5.91b from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
RattanIndia Power Limited to Report Q3, 2025 Results on Jan 22, 2025 RattanIndia Power Limited announced that they will report Q3, 2025 results on Jan 22, 2025 Buy Or Sell Opportunity • Dec 05
Now 24% overvalued Over the last 90 days, the stock has fallen 3.6% to ₹14.82. The fair value is estimated to be ₹11.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Oct 24
Second quarter 2025 earnings released: ₹0.003 loss per share (vs ₹1.18 loss in 2Q 2024) Second quarter 2025 results: ₹0.003 loss per share (improved from ₹1.18 loss in 2Q 2024). Revenue: ₹7.71b (down 3.1% from 2Q 2024). Net loss: ₹13.5m (loss narrowed 100% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Oct 16
RattanIndia Power Limited to Report Q2, 2025 Results on Oct 23, 2024 RattanIndia Power Limited announced that they will report Q2, 2025 results on Oct 23, 2024 Board Change • Oct 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Executive Chairman Rajiv Rattan is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 25
Rattanindia Power Limited Announces Cessation of Directors RattanIndia Power Limited announced that Mr. Jeevagan Narayana Swami Nadar, Mr. Sanjiv Chhikara and Mr. Sharad Behal, have completed their second and final term of five years, overall served the Company for ten years, as Independent Directors and consequently, ceased to be Directors of the Company from the close of business hours on September 25, 2024. Announcement • Sep 10
RattanIndia Power Limited, Annual General Meeting, Sep 30, 2024 RattanIndia Power Limited, Annual General Meeting, Sep 30, 2024, at 14:30 Indian Standard Time. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: ₹0.17 (vs ₹1.02 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.17 (up from ₹1.02 loss in 1Q 2024). Revenue: ₹10.2b (up 20% from 1Q 2024). Net income: ₹930.0m (up ₹6.42b from 1Q 2024). Profit margin: 9.2% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
RattanIndia Power Limited to Report Q1, 2025 Results on Aug 01, 2024 RattanIndia Power Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 01, 2024 Announcement • Jul 16
Adani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122). Adani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122) on July 15, 2024.
The transaction is subject to approval of bankruptcy court. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). High level of non-cash earnings (113% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). New Risk • May 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). High level of non-cash earnings (113% accrual ratio). Announcement • May 18
RattanIndia Power Limited to Report Q4, 2024 Results on May 22, 2024 RattanIndia Power Limited announced that they will report Q4, 2024 results on May 22, 2024 Reported Earnings • Jan 24
Third quarter 2024 earnings released: ₹1.09 loss per share (vs ₹0.89 loss in 3Q 2023) Third quarter 2024 results: ₹1.09 loss per share (further deteriorated from ₹0.89 loss in 3Q 2023). Revenue: ₹8.88b (up 4.5% from 3Q 2023). Net loss: ₹5.87b (loss widened 22% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Announcement • Jan 17
RattanIndia Power Limited to Report Q3, 2024 Results on Jan 23, 2024 RattanIndia Power Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Jan 23, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: ₹1.18 loss per share (vs ₹0.96 loss in 2Q 2023) Second quarter 2024 results: ₹1.18 loss per share (further deteriorated from ₹0.96 loss in 2Q 2023). Revenue: ₹8.85b (up 39% from 2Q 2023). Net loss: ₹6.33b (loss widened 22% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Announcement • Oct 24
RattanIndia Power Limited to Report Q2, 2024 Results on Nov 01, 2023 RattanIndia Power Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Sep 16
Rattanindia Power Limited Announces Resignation of Brijesh Narendra Gupta as Managing Director RattanIndia Power Limited announced this is to inform that Mr. Brijesh Narendra Gupta as Managing Director of the Company vide its letter dated September 15, 2023, resigned from the Board of the Company with effect from the said date, due to his personal reasons. Announcement • Sep 13
RattanIndia Power Limited Announces the Resignation of Mr. Asim Kumar De as Whole Time Director RattanIndia Power Limited announced the resignation of Mr. Asim Kumar De as Whole Time Director, due to his personal reasons. Effective date is September 11, 2023. Board Change • Sep 10
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Whole-Time Director Himanshu Mathur was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 08
RattanIndia Power Limited, Annual General Meeting, Sep 29, 2023 RattanIndia Power Limited, Annual General Meeting, Sep 29, 2023, at 14:30 Indian Standard Time. Agenda: To consider and approve the audited standalone financial statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and auditors thereon; to consider and approve the audited consolidated financial statements of the Company for the financial year ended March 31, 2023 and reports of the auditors thereon; to consider and appoint a Director in place of Mr. Rajiv Rattan, who retires by rotation and being eligible, offers himself for re-appointment; to consider and Appointment of Mr. Ajay Kumar Tandon as an Independent Director of the Company; to consider and approve the payment of remuneration to Mr. Ajay Kumar Tandon, an Independent Director of the Company; and to consider other business matters. Reported Earnings • Jul 26
First quarter 2024 earnings released: ₹1.02 loss per share (vs ₹0.72 loss in 1Q 2023) First quarter 2024 results: ₹1.02 loss per share (further deteriorated from ₹0.72 loss in 1Q 2023). Revenue: ₹9.36b (up 11% from 1Q 2023). Net loss: ₹5.49b (loss widened 41% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-₹45b). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • May 08
Full year 2023 earnings released: ₹3.48 loss per share (vs ₹3.69 loss in FY 2022) Full year 2023 results: ₹3.48 loss per share (improved from ₹3.69 loss in FY 2022). Revenue: ₹32.3b (flat on FY 2022). Net loss: ₹18.7b (loss narrowed 5.6% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Jan 24
Third quarter 2023 earnings released: ₹0.89 loss per share (vs ₹0.72 loss in 3Q 2022) Third quarter 2023 results: ₹0.89 loss per share (further deteriorated from ₹0.72 loss in 3Q 2022). Revenue: ₹9.31b (up 16% from 3Q 2022). Net loss: ₹4.80b (loss widened 24% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Jan 17
RattanIndia Power Limited to Report Q3, 2023 Results on Jan 23, 2023 RattanIndia Power Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Jan 23, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jeevagan Narayana Nadar was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jeevagan Narayana Nadar was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Second quarter 2023 earnings released: ₹0.96 loss per share (vs ₹0.86 loss in 2Q 2022) Second quarter 2023 results: ₹0.96 loss per share (further deteriorated from ₹0.86 loss in 2Q 2022). Revenue: ₹6.38b (down 16% from 2Q 2022). Net loss: ₹5.18b (loss widened 13% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Reported Earnings • Jul 26
First quarter 2023 earnings released: ₹0.72 loss per share (vs ₹1.54 loss in 1Q 2022) First quarter 2023 results: ₹0.72 loss per share (up from ₹1.54 loss in 1Q 2022). Revenue: ₹9.22b (up 5.5% from 1Q 2022). Net loss: ₹3.89b (loss narrowed 53% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 39% per year. Reported Earnings • May 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ₹3.69 loss per share (down from ₹1.88 loss in FY 2021). Revenue: ₹36.7b (up 135% from FY 2021). Net loss: ₹19.8b (loss widened 110% from FY 2021). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 22
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: ₹0.72 loss per share (down from ₹0.14 loss in 3Q 2021). Revenue: ₹8.57b (up 16% from 3Q 2021). Net loss: ₹3.87b (loss widened 460% from 3Q 2021). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 04
Second quarter 2022 earnings released: ₹0.86 loss per share (vs ₹0.94 loss in 2Q 2021) The company reported a solid second quarter result with improved revenues and control over costs, although losses were not reduced. Second quarter 2022 results: Revenue: ₹8.29b (up 318% from 2Q 2021). Net loss: ₹4.60b (flat on 2Q 2021). Reported Earnings • Aug 15
First quarter 2022 earnings released: ₹1.54 loss per share (vs ₹0.91 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: ₹9.50b (up 386% from 1Q 2021). Net loss: ₹8.24b (loss widened 83% from 1Q 2021). Reported Earnings • Jun 21
Full year 2021 earnings released: ₹1.88 loss per share (vs ₹0.49 profit in FY 2020) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹26.3b (up 49% from FY 2020). Net loss: ₹9.42b (down ₹11.1b from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 30
Third quarter 2021 earnings released: ₹0.14 loss per share (vs ₹5.52 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹3.04b (down 18% from 3Q 2020). Net loss: ₹689.9m (down 104% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹3.20, the stock is trading at a trailing P/E ratio of 6.3x, down from the previous P/E ratio of 7.9x. This compares to an average P/E of 9x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 59%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 29% share price gain to ₹3.15, the stock is trading at a trailing P/E ratio of 5.2x, up from the previous P/E ratio of 4.1x. This compares to an average P/E of 9x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 58%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹2.80 The company is up 19% from its price of ₹2.35 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 20% share price gain to ₹2.45, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.7x. This compares to an average P/E of 9x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 69%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₹2.35, the stock is trading at a trailing P/E ratio of 4.1x, up from the previous P/E ratio of 3.5x. This compares to an average P/E of 9x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 72%. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 18% share price gain to ₹2.30, the stock is trading at a trailing P/E ratio of 4x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 8x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 74%. Reported Earnings • Nov 10
Second quarter 2021 earnings released: ₹0.94 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: ₹2.81b (down 49% from 2Q 2020). Net loss: ₹4.61b (loss narrowed 6.4% from 2Q 2020). Is New 90 Day High Low • Oct 13
New 90-day low: ₹1.95 The company is down 11% from its price of ₹2.20 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Oct 13
Market pulls back on stock over the past week After last week's 17% share price decline to ₹1.95, the stock is trading at a trailing P/E ratio of 3.6x, down from the previous P/E ratio of 4.4x. This compares to an average P/E of 7x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 65%.