EV-Penny Stock Under Rs 100 In Focus As The Company Launches India’s First Electric Motorcycle in the Commuter Segment
The stock is up by 75.4 per cent from its 52-week low of Rs 48.45 per share and a whopping 3,800 per cent in 5 years.
Revolt Motors (a subsidiary of Rattan India Enterprises Ltd), India's leading electric motorcycle company, has revolutionized the commuter segment with the launch of its groundbreaking RV1. In a country where motorcycles account for a significant 70 per cent of two-wheeler sales, the RV1 has the potential to disrupt the market. The commuter segment, comprising over 80 lac motorcycles annually, is the largest market within India's motorcycle industry.
The RV1 and its premium variant, RV1+, are offered in four striking colours at introductory prices of Rs 84,990 and Rs 99,990, respectively. These models bring electric motorcycling to a wider audience with their affordability and significantly lower ownership costs compared to petrol motorcycles. With a robust 250 kg payload capacity, the RV1 surpasses the average of 150 kg in other commuter motorcycles. Its broader tyres, mid-motor, premium chain drive system, dual disc brakes, and multiple speed modes offer a superior riding experience.
The RV1's 6-inch digital LCD display provides real-time ride data and error codes, while its stylish LED headlights and taillights enhance visibility. Both variants feature built-in charger storage and fast-changing technology, allowing the RV1+ to be fully charged in just 1.5 hours. With two battery options offering ranges of 100 km and 160 km, the RV1 caters to various commuting needs. The IP67-rated batteries ensure reliable performance in all weather conditions.
Comfort is a key highlight of the RV1, with its longest seat in the category and a frame designed for multiple passengers. The advanced suspension system provides a smooth and comfortable ride, making it ideal for families and daily commuters. Revolt Motors has also upgraded its flagship model, RV400, with enhanced features including a faster charger, reverse mode, improved digital display, Bluetooth connectivity, leg guard and centre stand. The RV400 now offers a range of 160 km and is available in a new colour, Lunar Green.
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About the Company
RattanIndia Enterprises Limited is a public-listed company and serves as the growth engine of the RattanIndia Group dedicated to pioneering new-age businesses. With a focus on innovative technologies, RattanIndia Enterprises is driving the transformation of various industries, including Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion brands (Neo Brands), Fintech (WeFin), and Drones (Neosky), to impact the lives of millions of Indians positively.
According to Quarterly Results, the net sales increased by 70 per cent to Rs 2,494.03 crore and net profit increased by 378 per cent to Rs 851.25 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 36 per cent to Rs 5,609.6 crore in FY24 compared to Rs 4,123.8 crore in FY23. The company reported a net profit of Rs 424.5 crore in FY24 compared to a net loss of Rs 273.5 crore in FY23, an increase of 255 per cent.
The company's shares have an ROE of 76 per cent and an ROCE of 36 per cent. The company has a market cap of Rs 11,700 crore with a 5-year stock price CAGR of 120 per cent. The stock is up by 75.4 per cent from its 52-week low of Rs 48.45 per share and a whopping 3,800 per cent in 5 years. Investors should keep an eye on this Small-Cap company.
Disclaimer: The article is for informational purposes only and not investment advice.
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