Stock Price Movement and Market Context
On 22 January 2026, RattanIndia Enterprises Ltd’s share price declined by 2.71%, closing at Rs.34.09, the lowest level recorded in the past year. This marks a continuation of a five-day losing streak, during which the stock has fallen by 11.14%. The stock’s performance today notably underperformed the E-Retail/E-Commerce sector by 3.07%, signalling relative weakness within its industry group.
The broader market environment has been mixed. The Sensex opened higher at 82,459.66 points, gaining 550.03 points (0.67%) but later moderated to 82,047.41 points, a marginal increase of 0.17%. Despite this, the Sensex has been on a three-week consecutive decline, losing 4.33% over that period. Small-cap stocks have shown resilience, with the BSE Small Cap index gaining 0.59% today, contrasting with RattanIndia Enterprises’ underperformance.
Technically, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend across multiple timeframes. This technical positioning underscores the prevailing negative momentum in the stock price.
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Financial Performance and Credit Metrics
RattanIndia Enterprises Ltd’s financial indicators continue to reflect challenges. The company’s Debt to EBITDA ratio stands at a high 3.70 times, signalling a constrained ability to service its debt obligations. This elevated leverage ratio is a key factor in the stock’s current grading as a Strong Sell, an upgrade from the previous Sell rating as of 22 September 2025.
Operating profit trends have been notably weak, with a compounded annual decline of 421.66% over the last five years. The company has reported negative results for three consecutive quarters, with Profit Before Tax (PBT) excluding other income at a loss of Rs.459.27 crore, down 69.79% year-on-year. Similarly, Profit After Tax (PAT) for the quarter stood at a loss of Rs.396.55 crore, a decline of 64.4% compared to the previous period.
Return on Capital Employed (ROCE) for the half-year period is deeply negative at -17.34%, underscoring the company’s difficulties in generating returns from its capital base. Additionally, the company’s EBITDA remains negative, further highlighting the financial strain.
Stock Valuation and Shareholding Patterns
The stock’s valuation metrics indicate elevated risk relative to its historical averages. Over the past year, RattanIndia Enterprises Ltd has delivered a total return of -42.28%, significantly underperforming the Sensex, which has gained 7.34% over the same period. The stock’s 52-week high was Rs.69.73, illustrating the extent of the decline to the current low.
Despite the company’s size, domestic mutual funds hold a modest stake of only 0.36%. Given their capacity for detailed research and due diligence, this limited exposure may reflect cautious positioning towards the stock’s current valuation and business outlook.
Long-term performance has also been below par, with the stock underperforming the BSE500 index over the last three years, one year, and three months. This sustained underperformance highlights persistent challenges in both near-term and extended time horizons.
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Summary of Key Concerns
The stock’s recent decline to Rs.34.09 represents a culmination of several factors, including weak profitability, high leverage, and sustained negative returns. The company’s inability to generate positive EBITDA and the sharp contraction in operating profits have weighed heavily on investor sentiment and valuation.
Trading below all major moving averages and underperforming both its sector and the broader market indices, RattanIndia Enterprises Ltd remains under pressure. The limited interest from domestic mutual funds further emphasises the cautious stance towards the stock.
While the broader market shows some resilience, particularly in small-cap segments, RattanIndia Enterprises Ltd’s performance continues to lag, reflecting ongoing financial and operational headwinds.
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