RattanIndia Power (NSE:RTNPOWER) Return-on-Tangible-Equity: 3.70% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:RTNPOWER RattanIndia Power Ltd NSE:RTNPOWER
64 GF Score
Price ₹8.88
GF Value ₹9.52
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is RattanIndia Power Return-on-Tangible-Equity?

RattanIndia Power NSE:RTNPOWER -1.55% 64 Return-on-Tangible-Equity is 3.70% as of Mar. 2026. GuruFocus rates NSE:RTNPOWER with a GF Score™ of 64/100 and a GF Value™ of ₹9.52 (Fairly Valued). The stock has 8 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, RattanIndia Power ranks worse than 63.47% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. RattanIndia Power's annualized net income for the quarter that ended in Mar. 2026 was ₹1,714 Mil. RattanIndia Power's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹46,375 Mil. Therefore, RattanIndia Power's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.70%.

The historical rank and industry rank for RattanIndia Power's Return-on-Tangible-Equity or its related term are showing as below:

NSE:RTNPOWER' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -381.91   Med: -14.31   Max: 4.96
Current: 1.14

During the past 13 years, RattanIndia Power's highest Return-on-Tangible-Equity was 4.96%. The lowest was -381.91%. And the median was -14.31%.

NSE:RTNPOWER's Return-on-Tangible-Equity is ranked worse than
63.47% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68 vs NSE:RTNPOWER: 1.14

RattanIndia Power  (NSE:RTNPOWER) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


RattanIndia Power Return-on-Tangible-Equity Related Terms


RattanIndia Power Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for RattanIndia Power's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RattanIndia Power Return-on-Tangible-Equity Chart

RattanIndia Power Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 Negative Tangible Equity 4.96 1.14

RattanIndia Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.99 -1.14 -2.78 4.78 3.70

NSE:RTNPOWER vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison

For the Utilities - Independent Power Producers subindustry, RattanIndia Power's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RattanIndia Power Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, RattanIndia Power's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where RattanIndia Power's Return-on-Tangible-Equity falls into.


NSE:RTNPOWER
64GF Score
RattanIndia Power Ltd NSE:RTNPOWER
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RattanIndia Power Return-on-Tangible-Equity Calculation

RattanIndia Power's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=524.4/( (45847+46375.1 )/ 2 )
=524.4/46111.05
=1.14 %

RattanIndia Power's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1713.6/( (0+46375.1)/ 1 )
=1713.6/46375.1
=3.70 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 3.70% mean?
RattanIndia Power (NSE:RTNPOWER) has a Return-on-Tangible-Equity of 3.70% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on RattanIndia Power and its competitors. According to the industry distribution chart, RattanIndia Power ranks #271 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 63.5%.
Is RattanIndia Power's Return-on-Tangible-Equity too high?
RattanIndia Power's current Return-on-Tangible-Equity is 3.70%. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. RattanIndia Power's value of 3.70% is 20.9% below this industry median. Based on the distribution chart, RattanIndia Power ranks #271 out of 427 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, RattanIndia Power has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does RattanIndia Power's Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, RattanIndia Power ranks #271 out of 427 companies for Return-on-Tangible-Equity. This places RattanIndia Power in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.68. RattanIndia Power's value of 3.70% is 20.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RattanIndia Power's current Return-on-Tangible-Equity of 3.70% is 20.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on RattanIndia Power and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RattanIndia Power's current Return-on-Tangible-Equity is 3.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RattanIndia Power stock overvalued right now?
Based on GuruFocus' analysis, RattanIndia Power (NSE:RTNPOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹9.52, compared to a current price of ₹8.88 — trading 6.7% below its estimated fair value. The current Return-on-Tangible-Equity is 3.70% and 20.9% below the Utilities - Independent Power Producers industry median of 4.68. RattanIndia Power's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For RattanIndia Power (NSE:RTNPOWER), the current Return-on-Tangible-Equity is 3.70% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RattanIndia Power (NSE:RTNPOWER) Overvalued in 2026?

Based on GuruFocus' analysis, RattanIndia Power stock appears to be undervalued. The current stock price of ₹8.88 is trading 6.7% below its estimated GF Value™ of ₹9.52. GuruFocus considers RattanIndia Power to be Fairly Valued.

Key valuation signals for NSE:RTNPOWER:

  • Return-on-Tangible-Equity: 3.70%
  • GF Value™: ₹9.52 vs. price of ₹8.88 (6.7% below fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 20.9% below the Utilities - Independent Power Producers median (#271 of 427)

No single metric tells the full story. See the NSE:RTNPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RattanIndia Power Business Description

Other Exchanges 533122:India
Address Aerocity, 5th Floor, Tower-B, Worldmark-I, New Delhi, IND, 110037
RattanIndia Power Ltd is engaged in thermal power generation, operating coal-based power plants with a total installed capacity of 2,700 MW across Amravati and Nashik in Maharashtra. The company generates revenue majorly through the sale of electricity to state utilities and other power off-takers. It manages large-scale thermal power projects and supporting infrastructure, including residential townships for personnel. RattanIndia focuses on efficient power generation operations while navigating the challenges of coal supply and long-term power purchase agreements. The company has gradually exited solar energy ventures to concentrate on its core thermal power business.
64GF Score

Get the complete analysis for NSE:RTNPOWER

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹8.88
Price
₹9.52
GF Value