Reliance Power Ltd
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]
- Market Cap ₹ 16,837 Cr.
 - Current Price ₹ 40.7
 - High / Low ₹ 76.5 / 31.3
 - Stock P/E
 - Book Value ₹ 40.7
 - Dividend Yield 0.00 %
 - ROCE 6.15 %
 - ROE -1.08 %
 - Face Value ₹ 10.0
 
Pros
- Stock is trading at 1.00 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.
 - Earnings include an other income of Rs.3,967 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.
Peer comparison
Utilities Power Power Power Generation
Part of Nifty 500 BSE SmallCap Nifty Energy Nifty Smallcap 100 Nifty Alpha 50
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 7,476 | |
| 3,258 | 4,317 | 5,884 | 5,889 | 5,199 | 4,268 | 4,536 | 4,359 | 4,768 | 5,628 | 6,733 | 5,441 | 5,454 | |
| 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 | 2,023 | 
| OPM % | 37% | 37% | 43% | 43% | 46% | 48% | 40% | 45% | 36% | 25% | 15% | 28% | 27% | 
| 370 | 298 | 323 | 496 | 276 | -2,823 | -3,384 | 486 | 192 | 1,296 | 499 | 3,871 | 3,967 | |
| Interest | 684 | 1,074 | 2,683 | 2,843 | 2,926 | 3,206 | 3,054 | 2,539 | 2,721 | 2,504 | 2,451 | 2,056 | 1,931 | 
| Depreciation | 364 | 524 | 701 | 734 | 759 | 838 | 836 | 1,083 | 1,077 | 1,017 | 1,062 | 910 | 866 | 
| Profit before tax | 1,239 | 1,286 | 1,353 | 1,425 | 984 | -2,934 | -4,248 | 439 | -871 | -339 | -1,854 | 3,048 | 3,193 | 
| 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 | 3,090 | |
| 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 | 7.68 | 
| 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: | -6% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 8% | 
| 3 Years: | 23% | 
| TTM: | 99% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% | 
| 5 Years: | 68% | 
| 3 Years: | 34% | 
| 1 Year: | -3% | 
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 
| 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 | 
| 30,043 | 33,219 | 33,790 | 32,925 | 31,697 | 30,456 | 28,804 | 25,635 | 23,129 | 21,236 | 18,766 | 15,153 | |
| 6,115 | 8,175 | 9,997 | 9,872 | 9,242 | 10,245 | 12,671 | 12,901 | 14,919 | 15,704 | 13,378 | 9,793 | |
| 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 | 
| 13,839 | 33,634 | 34,515 | 34,851 | 34,881 | 35,903 | 38,574 | 37,190 | 36,308 | 35,776 | 33,584 | 31,859 | |
| 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 | 
| Investments | 141 | 861 | 873 | 799 | 280 | 224 | 30 | 36 | 37 | 39 | 209 | 173 | 
| 9,391 | 12,001 | 21,240 | 21,112 | 20,100 | 17,675 | 11,124 | 11,644 | 11,447 | 10,401 | 8,672 | 7,864 | |
| 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 | 
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% | 
Documents
Announcements
- 
        
          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            1h - Clarifies ED attached assets mainly relate to Reliance Communications; no operational impact on Reliance Power/Infrastructure; SEBI complaint Oct 29, 2025.
 - 
        
          Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
          
            20h - Promoter Reliance Infrastructure's assets provisionally attached by ED under PMLA; no assets of Reliance Power attached; Anil Ambani off board.
 - 
        
          Announcement under Regulation 30 (LODR)-Change in Directorate
          
            21h - Dr. Vijayalakshmy Gupta resigned as Independent Director effective November 3, 2025 due to poor health.
 - 
        
          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            29 Oct - Reliance files SEBI complaint Oct 29, 2025; alleges Cobrapost smear, warns Oct 30 press conference, Rs15,000 crore market-cap loss.
 - 
        
          Announcement under Regulation 30 (LODR)-Change in Directorate
          
            28 Oct - Appointed Ms. Zohra Chatterji as Independent Director on Oct 28, 2025 for five-year term (subject to members' approval).
 
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from nse
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      Financial Year 2012
      from bse
 
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]