RattanIndia Enterprises Ltd(RTNINDIA)

NSE: RTNINDIABSE: 534597

₹ 23.2-1.61%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 3,207 crWebsite: www.rattanindia.comUpdated: 24 Oct 2026

About

RattanIndia Enterprises Ltd is an Indian multi-vertical technology company operating through four subsidiaries: Cocoblu Retail (e-commerce enablement on Amazon), Revolt Intellicorp (electric motorcycles), Neobrands (Gen-Z consumer brands), and NeoSky (drones/UAS). Revolt commands approximately 50% of India's EV motorcycle market as of Q1 FY27, down from ~70% in FY26.^[1][2][3][4]

Business segments

Electric Mobility (Revolt Intellicorp): manufactures and sells electric motorcycles; held ~70% EV motorcycle market share in FY26, ~50% as of Q1 FY27.^[4][3]
Drones (NeoSky): designs, develops and sells indigenous UAS for defence, police and agricultural applications; total income grew 6x YoY to ₹22.3 Cr in FY26.^[4]
Consumer Brands (Neobrands): seven Amazon-native Gen-Z brands; received ₹350 Cr capital infusion in FY26 as part of group restructuring completed April 2026.^[5]

Key operating numbers - Cocoblu

Cocoblu revenue: ₹1,806 Cr in Q1 FY27 vs ₹1,663 Cr in Q1 FY26 (+8.5% YoY); full-year FY26 revenue was ₹7,351 Cr vs ₹6,528 Cr in FY25 (+13% YoY).^[3][4]
Orders: 3.3 Cr in Q1 FY27 vs 3.2 Cr in Q1 FY26; full-year FY26 orders were 13.7 Cr vs 12.7 Cr in FY25 (+8% YoY); lifetime orders served reached 48 Cr as of Q1 FY27.^[3][4]
Average daily sales run rate: ₹19.9 Cr in Q1 FY27.^[3]
Active vendors: 1,450+ in Q1 FY27 (vs 1,400+ in Q1 FY26); full-year FY26 peak was 1,500+ active brand partners, up from 1,200+ in FY25.^[3][5]
Unique SKUs: 9 million+ in Q1 FY27, up from ~8.4 million in FY26; platform covers 20,000+ pin codes (99.9%+ of India's addressable delivery network).^[3][5]

Products, brands and services

Revolt electric motorcycles feature 3.24 kWh lithium-ion batteries, regenerative braking, smart riding modes, 4G connectivity and OTA updates; ISO 9001:2015 certified.^[5]
Revolt launched the RVX sports variant in Q1 FY27 at ₹1,24,990 introductory price, with 90 km/h top speed and 160 km IDC range.^[3]
Neobrands portfolio: Fyltr (Western Clothing), INKD (Denim), Pump'd (Athleisure), Kaari (Ethnic Premium), Kalaanj (Ethnic Economy), Akkord (Musical Instruments), and Neomate (Stationery) - all sold exclusively on Amazon.^[5][3]
NeoSky manufactures ISR/surveillance drones, Optical Fiber Cable Drones, Cargo Drones, Weaponized drones, High-altitude drones, Kamikaze drones, Loitering Munitions, and Anti-Drone systems.^[5]
NeoSky holds ISO 9001-2015, 9100D, 45001-2018, and 27001-2022 certifications; operates a DGCA-certified drone training centre with a 10-year licence.^[5]

Operations and distribution

Cocoblu's fulfilment infrastructure spans 900+ Amazon fulfilment centres and Quick Commerce dark stores as of Q1 FY27, up from 520 in FY26.^[3][5]
Revolt dealer network: 223 stores across 206 cities and 22 states/UTs as of Q1 FY27, up from 221 stores across 202 cities in FY26.^[3][5]
Revolt's Manesar facility rolled out its 50,000th electric motorcycle in FY26; cumulative rider community has crossed 72 crore electric kilometres.^[5]
Revolt has international presence in Sri Lanka (12 dealerships) and Nepal (15 dealerships) as of FY25.^[6]

Customers and distribution reach

Cocoblu's marquee brand partners include Flying Machine, Gap, Fila, Lotto, and Chumbak; platform rated 4.7 stars on Amazon as of Q3 FY26.^[5][7]
NeoSky has supplied drones and counter-drone solutions to the Indian Army, BSF, CRPF, Railway Police, state police forces, forestry departments, FICCI and educational institutes.^[5]
Neobrands export revenue was ₹7.2 Cr in FY26, comprising 34% of its total revenue; markets include UAE, Saudi Arabia, US, Canada, and Mexico.^[5]

Expansion and new geographies

Cocoblu commenced operations in the Middle East via Noon (covering Saudi Arabia, UAE, and Egypt) in Q1 FY27, marking entry into GCC markets.^[3]
NeoSky and FICCI pan-India drone skilling initiative plans to expand to 14 new locations starting FY27.^[3][4]
Revolt plans to expand dealerships multifold beyond current 223 stores and enter international geographies beyond Sri Lanka and Nepal.^[3]

Recent developments

NeoSky won a tender to supply ISR/Surveillance quad-copter drones to the Indian Army Northern Command (Q1 FY27); deliveries planned for Q2 FY27.^[3]
NeoSky won Counter UAS/anti-drone tenders for state police; deliveries scheduled between Q2 and Q3 FY27.^[3]
Delhi EV Policy 2026 (notified 30 June 2026) bans new petrol/CNG two-wheeler registrations from April 1, 2028 and offers subsidies of up to ₹40,000 per EV two-wheeler, directly benefiting Revolt.^[3]
Revolt signed Indian cricketer Hardik Pandya as brand ambassador in Q1 FY27.^[3]
Neobrands received a ₹350 Cr capital infusion as part of a strategic group restructuring that concluded in April 2026, emerging as the intermediate holding company for Cocoblu Retail.^[5]
Revolt was recognised as 'Franchisor of the Year - Electric Vehicle' at the 21st National Franchise Excellence Awards in FY26.^[5]

Market Cap

₹3,207 Cr

High / Low

₹54 / 23

Stock P/E

-4.9

Price / Book

4.2

Book Value

₹6

EPS

₹-1.2

No. of Shares

138.23 Cr

ROCE

-4.7%

ROE

-19.6%

OPM

-1.2%

Debt / Equity

1.38

Sales

₹7,531 Cr

Net Profit

₹-166 Cr

Promoter holding

74.9%

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