Reliance Power Ltd

Reliance Power Ltd

₹ 37.2 0.41%
25 Nov 3:17 p.m.
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 15,377 Cr.
  • Current Price 37.2
  • High / Low 76.5 / 31.3
  • Stock P/E 51.3
  • Book Value 39.9
  • Dividend Yield 0.00 %
  • ROCE 6.15 %
  • ROE -1.08 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.95 times its book value
  • Debtor days have improved from 93.2 to 73.2 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.05% over past five years.
  • Company has a low return on equity of -9.68% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,864 1,886 1,730 1,922 2,038 1,944 1,997 1,992 1,760 1,853 1,978 1,886 1,974
1,296 1,223 1,889 1,301 1,318 2,307 1,811 1,342 1,384 1,361 1,388 1,321 1,356
Operating Profit 568 663 -159 621 720 -364 186 651 376 492 590 565 618
OPM % 30% 35% -9% 32% 35% -19% 9% 33% 21% 27% 30% 30% 31%
73 49 1,170 37 117 175 175 77 3,433 307 88 140 93
Interest 665 650 574 620 716 602 517 551 562 544 399 426 395
Depreciation 255 253 266 261 259 258 287 250 243 204 211 207 208
Profit before tax -280 -192 171 -224 -138 -1,048 -444 -73 3,004 50 67 72 108
Tax % 12% 28% -50% 32% 72% 8% -10% 34% 4% 16% -87% 38% 19%
-313 -245 257 -296 -238 -1,137 -398 -98 2,878 42 126 45 87
EPS in Rs -1.00 -0.80 0.86 -0.79 -0.64 -3.04 -0.99 -0.24 7.16 0.10 0.31 0.11 0.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
5,175 6,903 10,299 10,396 9,593 8,201 7,562 7,934 7,503 7,514 7,893 7,583 7,690
3,258 4,317 5,884 5,889 5,199 4,268 4,536 4,359 4,768 5,628 6,733 5,441 5,426
Operating Profit 1,917 2,587 4,414 4,506 4,393 3,934 3,027 3,575 2,735 1,886 1,160 2,142 2,264
OPM % 37% 37% 43% 43% 46% 48% 40% 45% 36% 25% 15% 28% 29%
370 298 323 496 276 -2,823 -3,384 486 192 1,296 499 3,871 627
Interest 684 1,074 2,683 2,843 2,926 3,206 3,054 2,539 2,721 2,504 2,451 2,056 1,764
Depreciation 364 524 701 734 759 838 836 1,083 1,077 1,017 1,062 910 830
Profit before tax 1,239 1,286 1,353 1,425 984 -2,934 -4,248 439 -871 -339 -1,854 3,048 298
Tax % 17% 20% 34% 23% 15% 1% 1% -3% 5% 19% 12% 3%
1,027 1,028 895 1,104 840 -2,952 -4,271 454 -915 -403 -2,068 2,948 300
EPS in Rs 3.67 3.67 3.19 3.94 3.00 -10.52 -14.53 0.82 -2.84 -1.26 -5.15 7.34 0.73
Dividend Payout % 0% 0% 31% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 0%
3 Years: 0%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 23%
TTM: 115%
Stock Price CAGR
10 Years: -3%
5 Years: 63%
3 Years: 32%
1 Year: 7%
Return on Equity
10 Years: -1%
5 Years: -7%
3 Years: -10%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2,797 2,805 2,805 2,805 2,805 2,805 2,805 2,805 3,400 3,735 4,017 4,017 4,136
Reserves 16,672 17,827 17,422 18,562 18,430 14,572 9,064 9,441 8,364 7,860 7,597 12,320 12,380
30,043 33,219 33,790 32,925 31,697 30,456 28,804 25,635 23,129 21,236 18,766 15,153 15,232
6,115 8,175 9,997 9,872 9,242 10,245 12,671 12,901 14,919 15,704 13,378 9,793 9,840
Total Liabilities 55,626 62,026 64,014 64,165 62,174 58,078 53,343 50,782 49,812 48,535 43,758 41,283 41,587
13,839 33,634 34,515 34,851 34,881 35,903 38,574 37,190 36,308 35,776 33,584 31,859 31,546
CWIP 32,255 15,531 7,386 7,403 6,913 4,276 3,615 1,912 2,020 2,320 1,293 1,387 1,505
Investments 141 861 873 799 280 224 30 36 37 39 209 173 142
9,391 12,001 21,240 21,112 20,100 17,675 11,124 11,644 11,447 10,401 8,672 7,864 8,394
Total Assets 55,626 62,026 64,014 64,165 62,174 58,078 53,343 50,782 49,812 48,535 43,758 41,283 41,587

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,310 1,399 4,574 4,705 4,365 4,223 4,543 4,149 3,613 4,024 3,174 1,938
-2,311 -3,630 -1,348 -2,142 354 60 -247 486 284 -354 -192 451
-586 695 -3,194 -3,389 -4,311 -4,839 -4,200 -4,615 -3,849 -3,623 -2,734 -2,435
Net Cash Flow -587 -1,535 32 -826 408 -556 96 19 48 46 248 -46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 80 154 125 105 94 122 114 111 156 130 76 73
Inventory Days
Days Payable
Cash Conversion Cycle 80 154 125 105 94 122 114 111 156 130 76 73
Working Capital Days -245 -209 -162 -158 -209 -567 -551 -485 -622 -682 -661 -309
ROCE % 4% 5% 7% 8% 7% 7% 6% 7% 5% 3% 1% 6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
25.00% 24.99% 24.99% 24.50% 24.50% 23.24% 23.24% 23.27% 23.27% 23.27% 24.98% 24.98%
7.83% 7.35% 7.34% 7.66% 8.37% 13.01% 12.71% 13.12% 12.95% 13.21% 12.93% 13.09%
3.27% 3.17% 3.17% 5.16% 5.19% 4.94% 3.06% 2.88% 2.80% 3.29% 3.61% 3.75%
0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
63.88% 64.47% 64.49% 62.67% 61.95% 58.81% 60.99% 60.72% 60.97% 60.22% 58.48% 58.18%
No. of Shareholders 35,85,69832,19,43230,45,99231,06,44635,67,05938,68,22740,90,48140,44,00041,89,89741,77,54943,93,67243,51,107

* 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.

Click on the line-items to see the names of individual entities.

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