I wish to get group’s opinion on my thesis of investing in RattanIndia Infrastructure Limited (REL) and RattanIndia Power ventures (RPVL).
REL has seen a big turnaround in 2022.It has sales turn over of 14 crores, but PAT of 554 crores, due to selling of it’s stake in Raatan India Power Venture.
Currently it’s quoting at 12 P/E ratio with ROCE of 118 % and ROE of 141 %. I see company is clearly a case of Turn-around with multiple tailwinds going forward. The promotors Rajiv Rattan is a IITD graduate and he co-founded Indiabulls group along with Sameer Gaulot. They separated from Indiabulls group and Infrastructure, and Power business came to Rajiv rattan. Now he and his wife Anjali rattan are in the driving seat of this group.
It’s business is divided in 4 verticals :
COCOBLU (Digital marking arm which helps company to increase their sales)
BANKse -Fintech arm for business loads and other loans
NEOSKY -Entering into Drone manufacturing with global JVs and using(Drone as a service-business model to deliver goods and services rapidly.
Revolt -Electric Motorcycle by acquiring this brand from other company.
All these business are run by capable CEOs in their respective domain and backed by eminent advisory board consisting of Arun Duggal (chairman of ICRA) and others.
Investor presentation of Q4-FY22 attached for reference.
rattanindia Q4_FY22_investor_presentation.pdf (3.3 MB)
Can this be good investment bet for coming 2-3 years?
I look forward to your views.