The new-age firm that has multiple businesses including manufacturing electric vehicles and drones jumped 3 percent in the day’s trade after it gets featured in the most prestigious Fortune 500.
At 2:08 p.m. the shares of Rattanindia Enterprises Limited were trading at Rs. 82.61, up 3.31 percent from its previous day’s close price of Rs. 79.96 and its market capitalization is Rs. 11,424 Crores.
Rattanindia Enterprises has been featured in the prestigious December 2023 edition of Fortune 500, which is a significant accomplishment for the Company.
RattanIndia Enterprises has multiple businesses, it maintains an e-commerce platform in the name of Cocoblu Limited, manufactures and sells drones and electric vehicles called Revolt which is one of the leading e-bikes in India, and many more.
In FY23, it generated Rs. 4,001.43 Crores which is 98.73 percent of its revenue from the sale of goods through the e-commerce marketplace, and Rs. 48.78 Crores which is 1.20 percent of its revenue from the Sale of bikes/drones and the rest 0.07 percent from the sale of traded goods/spare parts.
In FY23, the company’s revenue from operations grew 29,376 percent from Rs. 13.99 Crores in FY22 to Rs. 4,123.79 Crores in FY23, accompanied by profits of Rs. 553.86 Crores to a loss of Rs. 284.57 Crores.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 74.86 percent stake, Domestic Institutional Investors hold 0.04 percent and Foreign Institutional Investors hold 9.40 percent.
RattanIndia Enterprises Limited is an Indian-based company having multiple businesses which include e-commerce, electric vehicles, fintech, and drones.
Written by: Bharath K.S
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