About RattanIndia Enterprises (RTNINDIA)

RattanIndia Enterprises Limited, a flagship entity of the RattanIndia Group, concentrates on new age growth businesses harnessing cutting-edge technologies. This focus aims to significantly impact over a billion lives in India. Key areas of operation include:

1. Electric Mobility: Through Revolt Motors, the company has established itself in the electric vehicle sector, particularly electric two-wheelers, striving to make these vehicles accessible to all Indians. Revolt Motors has emerged as a market leader in this domain in India​.
2. E-commerce: RattanIndia, through its subsidiary Cocoblu Retail Ltd., has become one of India’s largest online sellers across diverse product categories. Cocoblu Retail is dedicated to scaling up brands and maximizing their potential through digital platforms​.
3. Fintech Services: RattanIndia is also making strides in the fintech sector with Wefin, its digital lending marketplace. Wefin offers a range of financial products, including instant personal loans, two-wheeler loans, and credit cards, in partnership with leading banks and non-banking financial companies (NBFCs) in India​.
4. Drone Technology: The company’s foray into the drone industry is led by NeoSky India Ltd, a wholly-owned subsidiary. They offer comprehensive Drone-as-a-Product and Drone-as-a-Service portfolios, addressing various sectors like enterprise, defense, and delivery.

In short, RattanIndia Enterprises is building a unique Indian conglomerate focused primarily on electric mobility, e-commerce and drones. Also, they are entering into renewable energy business through RattanIndia Power Ltd.

RattanIndia Enterprises (RTNINDIA) Market Performance

RattanIndia Enterprises has exhibited notable fluctuations in its market performance recently. Analyzing the recent historical data of the stock, it is observed that in November 2023, the stock experienced fluctuations, with the opening price ranging from INR 54.30 to INR 78.50, and the closing price varying between INR 51.70 and INR 78.05 over this period.

Looking at the long-term performance, the stock has shown significant growth over the years. The one-year change in stock price is approximately 54.26%, with a remarkable increase of 1,220.52% over three years and an even more impressive 2,120.00% over five years. Since its IPO, the stock value has surged by 1,723.57%.

Below is a price history table that shows how the stock has changed on an annual basis over the last 10 years.

Key Financial Metrics

• The Price-To-Earnings (P/E) ratio of RattanIndia Enterprises is 71.6x, which is below the Multiline Retail industry average of 73x.
• The company forecasts revenue growth of approximately 9.8% per year.
• However, there are concerns regarding high levels of non-cash earnings and interest payments not being well covered by earnings.
• Profit margins have decreased from 23.7% last year to 3%​.

Stock Volatility

• RattanIndia Enterprises’ stock is more volatile than 75% of Indian stocks, with a typical weekly movement of +/- 9%.
• This volatility has remained stable over the past year but is still higher than the majority of Indian stocks​.

RattanIndia Enterprises (RTNINDIA) Share Price Target

If you look at short-term forecast, the stock price can reach around ₹88 in 2023, and ₹130 in 2024. Further, If you analyze long-term projections, the price can hit around ₹400 in 2028, and ₹600 in 2030.

RattanIndia Enterprises (RTNINDIA) Share Price Target 2023

For 2023, RattanIndia Enterprises’ share price is expected to trade in the range of ₹66.95 to ₹87.55, based on short-term industry expectations. Here, Key factors that could determine the 2023 valuation include Revolt’s order book and sales volumes, the progress of EV manufacturing capacity expansion, and any funding news flows supporting growth plans. Also, Macro factors like crude oil prices and the overall sentiment in the EV sector could influence the stock.

RattanIndia Enterprises (RTNINDIA) Share Price Target 2025

Over a 3-year horizon ending in 2025, the RTNINDIA price target is estimated to be between ₹170.56 and ₹210.08. This projection could be seen due rapidly growing EV two-wheeler market, with Revolt staking a larger claim. Also, Some new model launches can boost the stock price, along with scaling up manufacturing to around 60,000 units per annum.

RattanIndia Enterprises (RTNINDIA) Share Price Target 2028

For 2028, RattanIndia Enterprises’ share value is forecasted to reach around ₹398.40 on the lower end, but it could potentially hit a high of around ₹449.28. What we can expect to see if this happens is Revolt hitting its stride with an expanded model portfolio gaining wider traction, manufacturing capacity scaling past the targeted 500,000 annual units, and potential profitability as operating leverage kicks in.

RattanIndia Enterprises (RTNINDIA) Share Price Target 2030

By 2030, the stock price could hit between ₹565.25 and ₹617.50, and this could be seen if Revolt is able to cement itself as a top EV two-wheeler player. Also, if the renewables business shows further growth and stability, the stock price could reach even higher.

RattanIndia (RTNINDIA) Share Price Target 2040 & 2050

Over the longer-term horizons, we could witness exponential growth of RTNINDIA. Share price targets for 2040 are estimated to range from ₹856.56 to ₹1234.32. For 2050, price estimates currently stand between ₹1586.90 and ₹2534.10.

Read More: Tata Steel (TATASTEEL) Share Price Target 2023, 2025, 2030, 2040, 2050

Factors That Can Influence RTNINDIA Share

I. Industry Growth Trends

The overarching factor impacting RattanIndia’s valuation will be the pace of growth in India’s electric vehicle and renewable energy markets over the coming decades. Mainstream EV adoption and favorable solar power policies will provide a strong impetus. However, any delays can temper price targets.

II. Technological Innovation

RattanIndia’s ability to continuously innovate and bring high-quality electric two-wheelers and an expanding EV product portfolio to the market will have a direct bearing on its future revenue and profitability outlook. Market acceptance of new models like the RV300 bike or any future cars/3-wheelers will be crucial.

III. Manufacturing Scale-up

Expanding manufacturing capacity across multiple facilities will be key for RattanIndia Enterprises to capitalize on India’s large addressable market as a top domestic EV maker. The execution of capacity enhancement from 120,000 units currently to over 5 million units annually by 2030 will impact growth.

IV. Cost Management

The ability to localize manufacturing, invest in proprietary technologies, and maintain lean operations will help RattanIndia reduce product costs and achieve profitability at scale – which can substantially re-rate stock valuation based on earnings growth.

V. Partnerships & Funding

Strategic tie-ups with leading component makers or financial investors can provide a technology and capital boost at key junctures to aid RattanIndia’s growth plans in a still CAPEX-heavy EV industry. Such deals can act as positive triggers.

VI. Policy & Regulations

Favorable policies around EV adoption, renewable energy generation, and domestic manufacturing will provide strong structural tailwinds. However, any adverse changes or compliance issues can act as temporary headwinds.

RattanIndia Enterprises (RTNINDIA) FAQs

Where is RattanIndia Enterprises listed?

RattanIndia Enterprises shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

What electric vehicles does RattanIndia currently manufacture?

RattanIndia’s Revolt Motors currently manufactures two electric bike models, RV300 and RV400 targeting the premium performance bike segment in India. The company is working on expanding its EV product portfolio including a mass market bike, an electric 3-wheeler etc.

What is RattanIndia’s current electric vehicle production capacity?

RattanIndia’s Revolt manufacturing facility in Haryana currently has an annual production capacity of 120,000 electric two wheelers. The company aims to rapidly scale this up to 500,000 units by 2025 and over 5 million units by 2030 through further investments.

Is RattanIndia Enterprises a profitable company?

No, RattanIndia is currently loss-making like most players in the capital intensive electric vehicle space. With its strategic shift to EVs starting in 2021, RattanIndia will focus on achieving profitability over the next 3-5 years as volumes and operating leverage pick up.

Does RattanIndia have foreign institutional investors (FIIs)?

As per latest shareholding data, foreign portfolio investors hold around 0.5% share in RattanIndia Enterprises as of Sep’23 quarter. Domestic institutional investors held around 7.7% share. Promoter and public shareholding constitute the bulk.

Is RattanIndia a good buy?

Based on market forecast, RTNINDIA can rise to over ₹500 in the next five years and over ₹1000 in the next 10 years. Also, If you look at consensus analyst ratings, Emkay, ICICI Securities, and HDFC Securities have all issued back-to-back ‘Buy’ ratings on RattanIndia Enterprises over the last few months. Plus, The average price target from these analysts indicates an over 50% upside for the stock from its current market prices.