Reliance Power Ltd
Reliance Power Ltd is the listed holding company of a power-generation group operating 5,305 MW: 5,160 MW thermal and 145 MW renewable. Its main assets are the 3,960 MW Sasan UMPP, 1,200 MW Rosa plant, 40 MW solar PV, 100 MW concentrated-solar and 5 MW wind projects; Reliance NU subsidiaries are developing solar-plus-storage projects. [1]
- Market Cap ₹ 7,672 Cr.
- Current Price ₹ 18.6
- High / Low ₹ 42.4 / 16.0
- Stock P/E
- Book Value ₹ 39.0
- Dividend Yield 0.00 %
- ROCE 6.11 %
- ROE -0.90 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.48 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.81% over past five years.
- Promoter holding is low: 25.0%
- Company has a low return on equity of -6.06% 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 Nifty Energy BSE Utilities BSE 250 SmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,903 | 10,299 | 10,396 | 9,593 | 8,201 | 7,562 | 7,934 | 7,503 | 7,514 | 7,893 | 7,583 | 7,620 | 7,546 | |
| Sales growth | +33% | +49% | +1% | -8% | -14% | -8% | +5% | -5% | +0% | +5% | -4% | +0% | -2% |
| 4,317 | 5,884 | 5,889 | 5,199 | 4,268 | 4,536 | 4,359 | 4,768 | 5,628 | 6,733 | 5,441 | 5,255 | 5,291 | |
| Operating Profit | 2,587 | 4,414 | 4,506 | 4,393 | 3,934 | 3,027 | 3,575 | 2,735 | 1,886 | 1,160 | 2,142 | 2,365 | 2,255 |
| OPM % | 37% | 43% | 43% | 46% | 48% | 40% | 45% | 36% | 25% | 15% | 28% | 31% | 30% |
| 298 | 323 | 496 | 276 | -2,823 | -3,384 | 486 | 192 | 1,296 | 499 | 3,871 | -14 | -64 | |
| Interest | 1,074 | 2,683 | 2,843 | 2,926 | 3,206 | 3,054 | 2,539 | 2,721 | 2,504 | 2,451 | 2,056 | 1,666 | 1,620 |
| Depreciation | 524 | 701 | 734 | 759 | 838 | 836 | 1,083 | 1,077 | 1,017 | 1,062 | 910 | 829 | 812 |
| Profit before tax | 1,286 | 1,353 | 1,425 | 984 | -2,934 | -4,248 | 439 | -871 | -339 | -1,854 | 3,048 | -145 | -241 |
| Tax % | 20% | 34% | 23% | 15% | 1% | 1% | -3% | 5% | 19% | 12% | 3% | 132% | |
| 1,028 | 895 | 1,104 | 840 | -2,952 | -4,271 | 454 | -915 | -403 | -2,068 | 2,948 | -337 | -374 | |
| EPS in Rs | 3.67 | 3.19 | 3.94 | 3.00 | -10.52 | -14.53 | 0.82 | -2.84 | -1.26 | -5.15 | 7.34 | -0.81 | -0.90 |
| Dividend Payout % | -0% | 31% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -1% |
| 3 Years: | 0% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | -119% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 6% |
| 3 Years: | -6% |
| 1 Year: | -55% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -8% |
| 3 Years: | -6% |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,805 | 2,805 | 2,805 | 2,805 | 2,805 | 2,805 | 2,805 | 3,400 | 3,735 | 4,017 | 4,017 | 4,136 | 4,136 |
| Reserves | 17,827 | 17,422 | 18,562 | 18,430 | 14,572 | 9,064 | 9,441 | 8,364 | 7,860 | 7,597 | 12,320 | 11,904 | 12,003 |
| 33,219 | 33,790 | 32,925 | 31,697 | 30,456 | 28,804 | 25,635 | 23,129 | 21,236 | 18,766 | 15,153 | 14,812 | 13,802 | |
| 8,175 | 9,997 | 9,872 | 9,242 | 10,245 | 12,671 | 12,901 | 14,919 | 15,704 | 13,378 | 9,793 | 10,441 | 10,672 | |
| Total Liabilities | 62,026 | 64,014 | 64,165 | 62,174 | 58,078 | 53,343 | 50,782 | 49,812 | 48,535 | 43,758 | 41,283 | 41,293 | 40,613 |
| 33,634 | 34,515 | 34,851 | 34,881 | 35,903 | 38,574 | 37,190 | 36,308 | 35,776 | 33,584 | 31,859 | 30,944 | 30,559 | |
| CWIP | 15,531 | 7,386 | 7,403 | 6,913 | 4,276 | 3,615 | 1,912 | 2,020 | 2,320 | 1,293 | 1,387 | 1,720 | 1,766 |
| Investments | 861 | 873 | 799 | 280 | 224 | 30 | 36 | 37 | 39 | 209 | 173 | 142 | 142 |
| 12,001 | 21,240 | 21,112 | 20,100 | 17,675 | 11,124 | 11,644 | 11,447 | 10,401 | 8,672 | 7,864 | 8,486 | 8,146 | |
| Total Assets | 62,026 | 64,014 | 64,165 | 62,174 | 58,078 | 53,343 | 50,782 | 49,812 | 48,535 | 43,758 | 41,283 | 41,293 | 40,613 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,399 | 4,574 | 4,705 | 4,365 | 4,223 | 4,543 | 4,149 | 3,613 | 4,024 | 3,174 | 1,938 | 2,824 | |
| -3,630 | -1,348 | -2,142 | 354 | 60 | -247 | 486 | 284 | -354 | -192 | 451 | -212 | |
| 695 | -3,194 | -3,389 | -4,311 | -4,839 | -4,200 | -4,615 | -3,849 | -3,623 | -2,734 | -2,435 | -1,828 | |
| Net Cash Flow | -1,535 | 32 | -826 | 408 | -556 | 96 | 19 | 48 | 46 | 248 | -46 | 785 |
| Free Cash Flow | -761 | 2,544 | 4,130 | 3,918 | 4,180 | 3,998 | 4,015 | 3,417 | 3,639 | 3,225 | 2,091 | 2,708 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 54% | 109% | 106% | 104% | 108% | 154% | 117% | 134% | 216% | 277% | 92% | 122% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 154 | 125 | 105 | 94 | 122 | 114 | 111 | 156 | 130 | 76 | 73 | 63 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 154 | 125 | 105 | 94 | 122 | 114 | 111 | 156 | 130 | 76 | 73 | 63 |
| Working Capital Days | -209 | -162 | -158 | -209 | -567 | -551 | -485 | -622 | -682 | -661 | -310 | -348 |
| ROCE % | 5% | 7% | 8% | 7% | 7% | 6% | 7% | 5% | 3% | 1% | 6% | 6% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rosa Power Electricity Generation Million Units (MUs) |
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| Sasan Captive Coal Production Million Metric Tonnes (MMT) |
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| Sasan UMPP Plant Load Factor (PLF) % |
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| Sasan Coal Mine Overburden Removal Million Bank Cubic Meters (BCM) |
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| Sasan UMPP Electricity Generation Million Units (MUs) |
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| Rosa Power Plant Availability % |
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| Battery Energy Storage System (BESS) Locked Pipeline MWh |
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| Renewable Energy Locked Pipeline (Solar) MW |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 31A (LODR)-(8)(a) Receipt of request
- Reliance Power received promoter-group reclassification requests from RIPL and two subsidiaries under Regulation 31A.
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Authorization To Determine Materiality Of Information And Disclosures To The Stock Exchanges
- Reliance Power names KMPs authorized under Regulation 30(5) to determine material disclosures.
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Announcement under Regulation 30 (LODR)-Change in Management
- Reliance Power approved Q2 FY27 results on Nov. 12, 2026; Rajendra Pawar appointed CFO immediately.
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Board Meeting Outcome for Outcome Of The Board Meeting
- Board approved Q2/H1 FY27 results and appointed Rajendra Vishwanath Pawar CFO; Neeraj Parakh resigned interim CFO.
- Results - Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2026
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from nse
Concalls
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Dec 2025PPT
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.