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Reliance Power Overview

Reliance Power Ltd is an totally India-based business enterprise, which develops, constructs and operates power projects both in India, as well as internationally. The Company on its very own and through its subsidiaries has a number of portfolio of power generation capacity, each in operation as well as ability under development. The Company is concerned in coal, gas, hydro, wind and solar based energy projects. The portfolio of the Company additionally consists of Ultra Mega Power Projects (UMPPs). The organisation has about 6000 megawatt (MW...Read More

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Reliance Power Key Financials

Market Cap ₹11663 Cr.

Stock P/E 4

P/B 0.8

Current Price ₹28.2

Book Value ₹ 36.5

Face Value 10

52W High ₹76.5

Dividend Yield 0%

52W Low ₹ 25.9

Reliance Power Share Price

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Volume
Price

Reliance Power Quarterly Price

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Reliance Power Peer Comparison

Reliance Power Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2038 1944 1997 1992 1760 1853 1978 1886 1974 1873
Other Income 79 55 197 77 203 307 88 140 93 77
Total Income 2116 1999 2194 2069 1963 2159 2066 2025 2067 1950
Total Expenditure 1318 2307 1811 1342 1384 1361 1388 1321 1356 1269
Operating Profit 798 -309 383 728 579 799 677 705 711 681
Interest 716 602 517 551 562 544 399 426 395 371
Depreciation 259 258 287 250 243 204 211 207 208 210
Exceptional Income / Expenses 0 0 -40 0 3230 0 0 0 0 0
Profit Before Tax -177 -1169 -461 -73 3004 50 67 72 108 100
Provision for Tax 100 88 -46 25 125 8 -58 28 21 75
Profit After Tax -276 -1257 -415 -98 2878 42 126 45 87 25
Adjustments 38 120 18 0 0 0 0 0 0 0
Profit After Adjustments -238 -1137 -398 -98 2878 42 126 45 87 25
Adjusted Earnings Per Share -0.6 -3 -1 -0.2 7.2 0.1 0.3 0.1 0.2 0.1

Reliance Power Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 6903 10299 10396 9593 8201 7562 7934 7503 7514 7893 7583 7711
Other Income 299 323 496 278 333 700 455 184 340 368 1225 398
Total Income 7202 10622 10892 9871 8534 8262 8389 7687 7854 8260 8807 8108
Total Expenditure 4318 5884 5889 5207 4232 4599 4359 4768 5649 6735 6025 5334
Operating Profit 2884 4737 5003 4664 4302 3663 4030 2919 2205 1525 2782 2774
Interest 1074 2683 2843 2926 3206 3054 2539 2721 2504 2451 2056 1591
Depreciation 524 701 734 759 838 836 1083 1077 1017 1062 910 836
Exceptional Income / Expenses 0 0 0 0 -3153 -4004 4 0 1037 -40 3230 0
Profit Before Tax 1286 1353 1425 979 -2896 -4232 412 -879 -279 -2028 3047 347
Provision for Tax 258 458 321 144 18 24 -15 44 64 214 100 66
Profit After Tax 1028 895 1104 836 -2913 -4255 427 -923 -343 -2242 2947 283
Adjustments 0 0 0 5 -38 179 -246 -41 -128 174 0 0
Profit After Adjustments 1028 895 1104 840 -2952 -4077 181 -964 -471 -2068 2948 283
Adjusted Earnings Per Share 3.7 3.2 3.9 3 -10.5 -14.5 0.6 -2.8 -1.3 -5.1 7.3 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% 0% 0% 1%
Operating Profit CAGR 82% -2% -5% -0%
PAT CAGR 0% 0% 0% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -31% 34% 52% -5%
ROE Average 23% 0% -1% -3%
ROCE Average 17% 8% 7% 6%

Reliance Power Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 20632 20227 21368 21235 17377 11869 12246 11764 11595 11614 16337
Minority's Interest 2 0 0 0 0 1353 1568 1622 1692 0 0
Borrowings 28221 28739 26290 24201 18091 19861 16831 14214 12240 9409 10259
Other Non-Current Liabilities 3115 4481 4594 4470 4417 4326 4326 4404 4714 4929 5180
Total Current Liabilities 10698 11411 12836 12284 18209 16008 15930 17926 18375 17880 9636
Total Liabilities 62667 64858 65087 62190 58095 53416 50901 49930 48617 43845 41412
Fixed Assets 33634 34515 34851 34881 35903 38574 37190 36308 35776 33584 31859
Other Non-Current Assets 20261 20953 20033 19184 16100 9934 7987 7810 7816 5500 5270
Total Current Assets 8772 9342 10081 7997 5960 4908 4869 5739 4953 4532 4190
Total Assets 62667 64858 65087 62190 58095 53416 50901 49930 48617 43845 41412

Reliance Power Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2503 1042 1002 176 585 29 125 144 192 239 486
Cash Flow from Operating Activities 1399 4574 4705 4365 4223 4543 4149 3613 4024 3174 1938
Cash Flow from Investing Activities -3630 -1348 -2142 354 60 -247 486 284 -354 -192 453
Cash Flow from Financing Activities 695 -3194 -3389 -4311 -4839 -4200 -4615 -3849 -3623 -2734 -2435
Net Cash Inflow / Outflow -1535 32 -826 408 -556 96 19 48 46 248 -44
Closing Cash & Cash Equivalent 1038 1002 176 585 29 125 144 192 239 486 440

Reliance Power Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.67 3.19 3.94 3 -10.52 -14.53 0.65 -2.84 -1.26 -5.15 7.34
CEPS(Rs) 5.53 5.69 6.55 5.68 -7.4 -12.19 5.38 0.45 1.8 -2.94 9.6
DPS(Rs) 0 1 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 73.55 72.11 76.17 75.7 61.95 42.31 43.66 34.06 30.83 28.91 36.23
Core EBITDA Margin(%) 37.46 42.86 43.35 45.72 48.4 39.18 45.06 36.45 24.82 14.66 20.54
EBIT Margin(%) 34.19 39.19 41.06 40.71 3.79 -15.57 37.19 24.54 29.61 5.36 67.3
Pre Tax Margin(%) 18.63 13.14 13.71 10.21 -35.31 -55.96 5.19 -11.72 -3.71 -25.7 40.19
PAT Margin (%) 14.9 8.69 10.62 8.71 -35.52 -56.27 5.38 -12.3 -4.56 -28.41 38.87
Cash Profit Margin (%) 22.48 15.51 17.68 16.62 -25.3 -45.21 19.04 2.05 8.97 -14.96 50.87
ROA(%) 1.73 1.4 1.7 1.31 -4.84 -7.63 0.82 -1.83 -0.7 -4.85 6.91
ROE(%) 5.13 4.38 5.31 3.92 -15.09 -29.09 3.54 -7.75 -2.97 -19.39 22.53
ROCE(%) 4.57 7.48 7.88 7.28 0.62 -2.66 7.52 5.06 6.57 1.34 16.81
Receivable days 107.02 114.04 114.34 103.99 116.07 123.06 109.74 136.78 143.14 100.13 76.34
Inventory Days 44.15 38.47 37.79 33.44 38.74 48.89 43.44 41.4 42.59 43.62 45.43
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 15.43 15.46 12.19 12.07 0 0 6.75 0 0 0 5.86
Price/Book(x) 0.77 0.68 0.63 0.48 0.18 0.03 0.1 0.4 0.32 0.98 1.19
Dividend Yield(%) 0 2.03 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 6.94 4.46 4.37 4.27 4.07 3.81 3.35 3.61 3.23 3.7 4.15
EV/Core EBITDA(x) 16.61 9.7 9.08 8.77 7.76 7.87 6.59 9.28 11.02 19.14 11.3
Net Sales Growth(%) 33.41 49.18 0.94 -7.72 -14.5 -7.79 4.92 -5.43 0.14 5.04 -3.92
EBIT Growth(%) 22.74 70.97 5.76 -8.51 -92.04 -529.05 350.58 -37.6 20.84 -80.98 1106.02
PAT Growth(%) 0.16 -12.92 23.31 -24.31 -448.61 -44.16 110.04 -316.17 62.86 -553.91 231.45
EPS Growth(%) -0.14 -12.92 23.31 -23.88 -451.22 -38.1 104.45 -538.89 55.54 -308.53 242.52
Debt/Equity(x) 1.61 1.67 1.54 1.49 1.75 2.42 2.09 2 1.84 1.62 1.04
Current Ratio(x) 0.82 0.82 0.79 0.65 0.33 0.31 0.31 0.32 0.27 0.25 0.43
Quick Ratio(x) 0.72 0.72 0.71 0.59 0.27 0.24 0.25 0.27 0.22 0.2 0.34
Interest Cover(x) 2.2 1.5 1.5 1.33 0.1 -0.39 1.16 0.68 0.89 0.17 2.48
Total Debt/Mcap(x) 2.09 2.44 2.45 3.13 9.56 84.04 20.96 5.04 5.72 1.65 0.88

Reliance Power Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 24.49 24.49 23.24 23.24 23.26 23.26 23.26 24.98 24.98 24.98
FII 7.66 8.37 13.01 12.71 13.13 12.96 13.21 12.93 13.09 13.25
DII 5.17 5.2 4.95 3.06 2.89 2.8 3.29 3.6 3.74 3.07
Public 62.68 61.94 58.8 60.99 60.72 60.98 60.24 58.49 58.18 58.7
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Reliance Power News

Reliance Power Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value

Cons

  • Promoter holding is low: 24.98%.
  • Company has a low return on equity of 0% over the last 3 years.
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