Reliance Power Ltd

Reliance Power Ltd

₹ 27.6 3.60%
27 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

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.

  • Market Cap 11,435 Cr.
  • Current Price 27.6
  • High / Low 76.5 / 20.2
  • Stock P/E
  • Book Value 38.8
  • Dividend Yield 0.00 %
  • ROCE 6.10 %
  • ROE -0.91 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.71 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.
  • Company has a low return on equity of -5.58% 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,730 1,922 2,038 1,944 1,997 1,992 1,760 1,853 1,978 1,886 1,974 1,873 1,887
1,889 1,301 1,318 2,307 1,811 1,342 1,384 1,361 1,388 1,321 1,356 1,269 1,311
Operating Profit -159 621 720 -364 186 651 376 492 590 565 618 604 576
OPM % -9% 32% 35% -19% 9% 33% 21% 27% 30% 30% 31% 32% 31%
1,170 37 117 175 175 77 3,433 307 88 140 93 77 -323
Interest 574 620 716 602 517 551 562 544 399 426 395 371 474
Depreciation 266 261 259 258 287 250 243 204 211 207 208 210 205
Profit before tax 171 -224 -138 -1,048 -444 -73 3,004 50 67 72 108 100 -426
Tax % -50% 32% 72% 8% -10% 34% 4% 16% -87% 38% 19% 75% 16%
257 -296 -238 -1,137 -398 -98 2,878 42 126 45 87 25 -494
EPS in Rs 0.86 -0.79 -0.64 -3.04 -0.99 -0.24 7.16 0.10 0.31 0.11 0.21 0.06 -1.19
Raw PDF

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
6,903 10,299 10,396 9,593 8,201 7,562 7,934 7,503 7,514 7,893 7,583 7,620
4,317 5,884 5,889 5,199 4,268 4,536 4,359 4,768 5,628 6,733 5,441 5,256
Operating Profit 2,587 4,414 4,506 4,393 3,934 3,027 3,575 2,735 1,886 1,160 2,142 2,363
OPM % 37% 43% 43% 46% 48% 40% 45% 36% 25% 15% 28% 31%
298 323 496 276 -2,823 -3,384 486 192 1,296 499 3,871 -13
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
Depreciation 524 701 734 759 838 836 1,083 1,077 1,017 1,062 910 829
Profit before tax 1,286 1,353 1,425 984 -2,934 -4,248 439 -871 -339 -1,854 3,048 -145
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
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
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: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: 3%
Stock Price CAGR
10 Years: -6%
5 Years: 27%
3 Years: 28%
1 Year: -45%
Return on Equity
10 Years: -2%
5 Years: -7%
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
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
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
33,219 33,790 32,925 31,697 30,456 28,804 25,635 23,129 21,236 18,766 15,153 14,812
8,175 9,997 9,872 9,242 10,245 12,671 12,901 14,919 15,704 13,378 9,793 10,441
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
33,634 34,515 34,851 34,881 35,903 38,574 37,190 36,308 35,776 33,584 31,859 30,944
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
Investments 861 873 799 280 224 30 36 37 39 209 173 142
12,001 21,240 21,112 20,100 17,675 11,124 11,644 11,447 10,401 8,672 7,864 8,486
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

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/OP 54% 109% 106% 104% 108% 154% 117% 134% 216% 277% 92% 122%

Ratios

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
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 -309 -348
ROCE % 5% 7% 8% 7% 7% 6% 7% 5% 3% 1% 6% 6%

Insights

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
24.99% 24.50% 24.50% 23.24% 23.24% 23.27% 23.27% 23.27% 24.98% 24.98% 24.98% 24.98%
7.34% 7.66% 8.37% 13.01% 12.71% 13.12% 12.95% 13.21% 12.93% 13.09% 13.25% 14.12%
3.17% 5.16% 5.19% 4.94% 3.06% 2.88% 2.80% 3.29% 3.61% 3.75% 3.05% 3.12%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
64.49% 62.67% 61.95% 58.81% 60.99% 60.72% 60.97% 60.22% 58.48% 58.18% 58.69% 57.75%
No. of Shareholders 30,45,99231,06,44635,67,05938,68,22740,90,48140,44,00041,89,89741,77,54943,93,67243,51,10743,67,83843,41,371

* 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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