Reliance Power Ltd

₹ 28.3 -5.67%

23 Jan - close price

reliancepower.co.in BSE: 532939 NSE: RPOWER

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

Business Overview^[1]^[2]
Co. is part of the Reliance Group promoted by Mr. Anil D Ambani, and is the primary vehicle for investments in the power generation sector. As on date, their generation capacity stood at 5,305 MW, including 5,160 MW of thermal capacity and 145 MW of renewable energy-based capacity. Company has asset base of Rs 111,000 Cr as on Sep’2025.

Website BSE NSE

Market Cap ₹ 11,692 Cr.
Current Price ₹ 28.3
High / Low ₹ 76.5 / 28.0
Stock P/E 39.0
Book Value ₹ 39.9
Dividend Yield 0.00 %
ROCE 6.15 %
ROE -1.08 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.71 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.

Peer comparison

Utilities Power Power Power Generation

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Energy BSE Power Nifty Smallcap 100 BSE India Infrastructure Index BSE Allcap BSE Utilities BSE SmallCap Select Index BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 50 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Multicap Infrastructure 50:30:20 Nifty500 Equal Weight

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Detailed Comparison with:

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

Upcoming result date: 30 January 2026

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:	-6%
5 Years:	55%
3 Years:	31%
1 Year:	-27%

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

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	24.99%	24.99%	24.50%	24.50%	23.24%	23.24%	23.27%	23.27%	23.27%	24.98%	24.98%	24.98%
	7.35%	7.34%	7.66%	8.37%	13.01%	12.71%	13.12%	12.95%	13.21%	12.93%	13.09%	13.25%
	3.17%	3.17%	5.16%	5.19%	4.94%	3.06%	2.88%	2.80%	3.29%	3.61%	3.75%	3.05%
	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	64.47%	64.49%	62.67%	61.95%	58.81%	60.99%	60.72%	60.97%	60.22%	58.48%	58.18%	58.69%
No. of Shareholders	32,19,432	30,45,992	31,06,446	35,67,059	38,68,227	40,90,481	40,44,000	41,89,897	41,77,549	43,93,672	43,51,107	43,67,838

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	75.00%	75.00%	56.29%	19.29%	9.06%	24.98%	24.99%	23.24%	23.27%	24.98%
	4.49%	4.24%	7.25%	5.22%	2.15%	5.95%	7.35%	13.01%	13.21%	13.25%
	6.35%	6.67%	6.67%	7.01%	4.25%	3.50%	3.17%	4.94%	3.29%	3.05%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	13.84%	14.08%	29.78%	68.47%	84.52%	65.57%	64.47%	58.81%	60.22%	58.69%
	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	34,89,099	31,97,614	31,04,750	30,96,881	31,30,552	35,74,309	32,19,432	38,68,227	41,77,549	43,67,838

* 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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Reliance Power Ltd

Reliance Power Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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