Multibagger Alert! RattanIndia Enterprises

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This year, small and mid-cap stocks have outperformed large-cap securities by generating outstanding returns while also establishing new highs. One such stock that gave its stockholders astounding profits was RattanIndia Enterprises.

The company’s shares soared by an incredible 75% from their low point of 39.25 in June 2023 to reach a new 52-week high of 68.7 on Tuesday during trading. The stock soared 52% just in August.

Impressively, from its May 2020 low of ₹1.50, the stock has witnessed an extraordinary surge of 4,263% to date. Over the past three calendar years, the stock has delivered multi-bagger returns in two, with a return of 261% in CY20 and a return of 605.95% in the subsequent year.

Business Verticals of the Company:

RattanIndia Enterprises, the flagship company of Rattanindia Group, is engaged in new-age businesses including e-commerce (Cocoblu Retail), electric vehicles (Revolt Motors), fintech (Wefin), fashion brands (Neobrands), and drones (Neosky).

Foray into EV Bikes:

RattanIndia Enterprises completed the acquisition of Revolt Motors in January 2023, aiming to expand its presence in the electric vehicle market. Revolt Motors, known for its RV400 electric bike, is a popular choice among cost-conscious Indian consumers due to its cost advantage over petrol bikes. This acquisition aligns with India’s growing interest in electric two-wheelers, with sales soaring in FY2023.

Moreover, the Indian EV market is expected to see substantial growth, reaching $114 billion by 2029, driven by favorable government policies such as reduced import duties on machinery for battery production, as seen in the Union Budget 2023.

Notably, Revolt Motors rapidly increased production after the acquisition, setting a new record by manufacturing 6,500 bikes in just 40 days, surpassing its previous monthly average of 1500 bikes. This indicates RattanIndia Enterprises’ commitment to scaling up Revolt’s operations.

In August 2023, Revolt Motors marked its 6th anniversary by launching a limited-edition RV400 electric motorcycle, showcasing its dedication to innovation and market leadership.

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Karthick Jonagadla•SEBI Registration No: INH000008312

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Aditya Manekar

Chartered Accountant and Key Account Manager at smallcase - The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. Smallcase Technologies Private Limited does not uphold nor promote any of the views / opinions.

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