Reliance Power Ltd

Reliance Power Ltd

₹ 24.6 -0.61%
31 May - close price
About

Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development. [1]

Key Points

Capacity
The company’s generation capacity stands at 5,945 MW, including 5,760 MW of thermal capacity and 185 MW of renewable energy-based capacity. [1]

  • Market Cap 9,862 Cr.
  • Current Price 24.6
  • High / Low 34.4 / 13.0
  • Stock P/E
  • Book Value 23.4
  • Dividend Yield 0.00 %
  • ROCE 0.23 %
  • ROE -0.73 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.05 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.25%
  • Promoter holding is low: 23.2%
  • Company has a low return on equity of -2.70% over last 3 years.
  • Contingent liabilities of Rs.7,653 Cr.
  • Earnings include an other income of Rs.225 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
5 14 18 5 5 10 14 2 0 7 14 0 0
5 6 9 10 8 7 7 7 305 6 7 5 64
Operating Profit -0 8 9 -5 -3 3 7 -5 -305 1 8 -5 -64
OPM % -10% 54% 51% -110% -56% 34% 49% -239% 14% 54%
51 36 35 35 36 30 30 31 1,059 30 33 29 136
Interest 106 110 100 98 97 99 103 107 -126 44 31 24 12
Depreciation 4 4 4 4 4 4 4 4 0 4 4 0 0
Profit before tax -60 -71 -59 -72 -68 -69 -71 -85 880 -17 6 0 60
Tax % 0% -10% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-60 -78 -59 -72 -68 -69 -71 -85 880 -17 6 0 60
EPS in Rs -0.21 -0.28 -0.17 -0.21 -0.20 -0.20 -0.21 -0.23 2.35 -0.05 0.02 0.00 0.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 92 136 56 48 44 43 54 38 40 28 0
120 126 131 103 98 67 -961 31 25 31 327 78
Operating Profit -108 -34 5 -46 -50 -22 1,005 23 13 9 -299 -78
OPM % -895% -38% 4% -83% -105% -51% 2,316% 43% 34% 23% -1,074%
646 226 233 1,526 429 450 -1,125 91 483 142 1,158 225
Interest 22 115 190 163 290 407 477 487 424 406 189 98
Depreciation 3 16 20 18 17 15 17 16 16 16 16 0
Profit before tax 513 61 28 1,299 71 5 -614 -389 55 -270 655 49
Tax % -0% 8% 11% 0% 10% 59% 2% 0% 0% -3% 0% 0%
514 56 25 1,298 64 2 -602 -389 55 -277 655 49
EPS in Rs 1.83 0.20 0.09 4.63 0.23 0.01 -2.14 -1.39 0.20 -0.82 1.75 0.12
Dividend Payout % 0% 0% 0% 22% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: %
TTM: 83%
Stock Price CAGR
10 Years: -14%
5 Years: 29%
3 Years: 37%
1 Year: 87%
Return on Equity
10 Years: 0%
5 Years: -2%
3 Years: -3%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2,805 2,797 2,805 2,805 2,805 2,805 2,805 2,805 2,805 3,400 3,735 4,017
Reserves 14,020 14,030 14,176 14,060 13,997 14,959 10,051 6,002 6,082 5,594 5,050 5,380
1,878 3,764 4,496 4,902 7,267 7,912 7,540 6,869 6,734 6,176 5,392 4,200
45 145 117 305 343 350 774 1,761 1,948 2,312 1,786 1,210
Total Liabilities 18,748 20,736 21,594 22,071 24,413 26,026 21,170 17,437 17,568 17,483 15,964 14,807
84 408 322 333 314 299 288 279 261 247 236 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 14,662 16,540 18,883 17,589 19,721 20,815 17,744 14,084 14,108 13,898 12,601 13,153
4,001 3,787 2,389 4,149 4,378 4,911 3,138 3,073 3,199 3,337 3,127 1,653
Total Assets 18,748 20,736 21,594 22,071 24,413 26,026 21,170 17,437 17,568 17,483 15,964 14,807

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-47 -18 -54 -28 -62 50 -205 307 50 36 -10 43
-1,459 -1,553 -1,067 286 -2,305 108 -226 -267 -7 8 -2 -11
1,858 1,556 597 -47 2,164 297 -37 -46 -42 -43 11 -22
Net Cash Flow 352 -15 -524 211 -203 455 -468 -6 0 1 -1 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 19 144 139 169 266 531 416 581 551 785
Inventory Days
Days Payable
Cash Conversion Cycle 58 19 144 139 169 266 531 416 581 551 785
Working Capital Days 48,716 1,486 4,589 18,045 11,303 7,928 1,864 -4,761 -1,141 -1,432 798
ROCE % 1% 1% 1% 3% 2% 2% 1% 2% 3% 1% -1%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
9.06% 24.98% 24.98% 24.98% 24.98% 24.98% 25.00% 24.99% 24.99% 24.50% 24.50% 23.24%
1.78% 3.30% 4.92% 5.95% 7.79% 7.97% 7.83% 7.35% 7.34% 7.66% 8.37% 13.01%
4.25% 3.50% 3.50% 3.50% 3.50% 3.50% 3.27% 3.17% 3.17% 5.16% 5.19% 4.94%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00%
84.90% 68.21% 66.60% 65.57% 63.73% 63.56% 63.88% 64.47% 64.49% 62.67% 61.95% 58.81%
No. of Shareholders 34,06,52333,80,45134,78,96435,74,30935,88,31536,24,25935,85,69832,19,43230,45,99231,06,44635,67,05938,68,227

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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