Reliance Power

₹69.2 -1 | 1.4%

WEBSITE BSE:532939 NSE : RPOWER 01 Jul, 11:17

Market Cap ₹28636 Cr.

Stock P/E -12.8

P/B 1.7

Current Price ₹69.2

Book Value ₹ 40.5

Face Value 10

52W High ₹76.5

Dividend Yield 0%

52W Low ₹ 25.8

Edit Ratio

Reliance Power Research see more...

Stock Analysis of Reliance Power Ltd (RPower)

Overview Inc. Year: 1995Industry: Power Generation/Distribution

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) operational power generation assets. The tasks underneath improvement comprises 3 coal-fired tasks; one gas-fired projects and 12 hydroelectric projects, six of them in Arunachal Pradesh, 5 in Himachal Pradesh and one in Uttarakhand. Its project portfolio additionally includes 3,960 MW Sasan Ultra Mega Power Project, positioned in Madhya Pradesh. UMPPs are a part of the Indian government's initiative to collaborate with power generation groups.

Reliance Power Share Price

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Peer Comparison

Reliance Power Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	1886	1727	1914	2038	1944	1997	1992	1760	1853	1978
Other Income	50	126	37	79	55	197	77	203	307	88
Total Income	1936	1853	1951	2116	1999	2194	2069	1963	2159	2066
Total Expenditure	1223	1887	1299	1318	2307	1811	1342	1384	1361	1388
Operating Profit	713	-33	652	798	-309	383	728	579	799	677
Interest	650	569	616	716	602	517	551	562	544	399
Depreciation	253	262	257	259	258	287	250	243	204	211
Exceptional Income / Expenses	0	1037	0	0	0	-40	0	3230	0	0
Profit Before Tax	-190	173	-221	-177	-1169	-461	-73	3004	50	67
Provision for Tax	53	-85	72	100	88	-46	25	125	8	-58
Profit After Tax	-243	258	-294	-276	-1257	-415	-98	2878	42	126
Adjustments	-48	63	-3	38	120	18	0	0	0	0
Profit After Adjustments	-292	322	-296	-238	-1137	-398	-98	2878	42	126
Adjusted Earnings Per Share	-0.8	0.9	-0.8	-0.6	-3	-1	-0.2	7.2	0.1	0.3

Reliance Power Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	5175	6903	10299	10396	9593	8201	7562	7934	7503	7514	7893	7583
Other Income	371	299	323	496	278	333	700	455	184	340	368	675
Total Income	5546	7202	10622	10892	9871	8534	8262	8389	7687	7854	8260	8257
Total Expenditure	3259	4318	5884	5889	5207	4232	4599	4359	4768	5649	6735	5475
Operating Profit	2287	2884	4737	5003	4664	4302	3663	4030	2919	2205	1525	2783
Interest	684	1074	2683	2843	2926	3206	3054	2539	2721	2504	2451	2056
Depreciation	364	524	701	734	759	838	836	1083	1077	1017	1062	908
Exceptional Income / Expenses	0	0	0	0	0	-3153	-4004	4	0	1037	-40	3230
Profit Before Tax	1239	1286	1353	1425	979	-2896	-4232	412	-879	-279	-2028	3048
Provision for Tax	212	258	458	321	144	18	24	-15	44	64	214	100
Profit After Tax	1027	1028	895	1104	836	-2913	-4255	427	-923	-343	-2242	2948
Adjustments	0	0	0	0	5	-38	179	-246	-41	-128	174	0
Profit After Adjustments	1027	1028	895	1104	840	-2952	-4077	181	-964	-471	-2068	2948
Adjusted Earnings Per Share	3.7	3.7	3.2	3.9	3	-10.5	-14.5	0.6	-2.8	-1.3	-5.1	7.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	-0%	-1%	4%
Operating Profit CAGR	-31%	-28%	-19%	-4%
PAT CAGR	0%	NAN%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	139%	82%	73%	4%
ROE Average	-19%	-10%	-11%	-4%
ROCE Average	1%	4%	4%	5%

Reliance Power Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	19468	20632	20227	21368	21235	17377	11869	12246	11764	11595	11614
Minority's Interest	2	2	0	0	0	0	1353	1568	1622	1692	0
Borrowings	26254	28221	28739	26290	24201	18091	19861	16831	14214	12240	9409
Other Non-Current Liabilities	2868	3115	4481	4594	4470	4417	4326	4326	4404	4714	4932
Total Current Liabilities	7430	10698	11411	12836	12284	18209	16008	15930	17926	18375	17884
Total Liabilities	56022	62667	64858	65087	62190	58095	53416	50901	49930	48617	43851
Fixed Assets	13839	33634	34515	34851	34881	35903	38574	37190	36308	35776	33584
Other Non-Current Assets	35444	20261	20953	20033	19184	16100	9934	7987	7810	7816	5518
Total Current Assets	6739	8772	9342	10081	7997	5960	4908	4869	5739	4953	4545
Total Assets	56022	62667	64858	65087	62190	58095	53416	50901	49930	48617	43851

Reliance Power Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	3089	2503	1042	1002	176	585	29	125	144	192	239
Cash Flow from Operating Activities	2310	1399	4574	4705	4365	4223	4543	4149	3613	4024	3174
Cash Flow from Investing Activities	-2473	-3630	-1348	-2142	354	60	-247	486	284	-354	-192
Cash Flow from Financing Activities	-586	695	-3194	-3389	-4311	-4839	-4200	-4615	-3849	-3623	-2734
Net Cash Inflow / Outflow	-749	-1535	32	-826	408	-556	96	19	48	46	248
Closing Cash & Cash Equivalent	2503	1038	1002	176	585	29	125	144	192	239	486

Reliance Power Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.67	3.67	3.19	3.94	3	-10.52	-14.53	0.65	-2.84	-1.26	-5.15
CEPS(Rs)	4.97	5.53	5.69	6.55	5.68	-7.4	-12.19	5.38	0.45	1.8	-2.94
DPS(Rs)	0	0	1	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	69.61	73.55	72.11	76.17	75.7	61.95	42.31	43.66	34.06	30.83	28.91
Core EBITDA Margin(%)	37.02	37.46	42.86	43.35	45.72	48.4	39.18	45.06	36.45	24.82	14.66
EBIT Margin(%)	37.17	34.19	39.19	41.06	40.71	3.79	-15.57	37.19	24.54	29.61	5.36
Pre Tax Margin(%)	23.94	18.63	13.14	13.71	10.21	-35.31	-55.96	5.19	-11.72	-3.71	-25.7
PAT Margin (%)	19.84	14.9	8.69	10.62	8.71	-35.52	-56.27	5.38	-12.3	-4.56	-28.41
Cash Profit Margin (%)	26.87	22.48	15.51	17.68	16.62	-25.3	-45.21	19.04	2.05	8.97	-14.96
ROA(%)	1.9	1.73	1.4	1.7	1.31	-4.84	-7.63	0.82	-1.83	-0.7	-4.85
ROE(%)	5.4	5.13	4.38	5.31	3.92	-15.09	-29.09	3.54	-7.75	-2.97	-19.39
ROCE(%)	4.02	4.57	7.48	7.88	7.28	0.62	-2.66	7.52	5.06	6.57	1.34
Receivable days	87.02	107.02	114.04	114.34	103.99	116.07	123.06	109.74	136.78	143.14	100.23
Inventory Days	40.85	44.15	38.47	37.79	33.44	38.74	48.89	43.44	41.4	42.59	43.62
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	19.16	15.43	15.46	12.19	12.07	0	0	6.75	0	0	0
Price/Book(x)	1.01	0.77	0.68	0.63	0.48	0.18	0.03	0.1	0.4	0.32	0.98
Dividend Yield(%)	0	0	2.03	0	0	0	0	0	0	0	0
EV/Net Sales(x)	9.1	6.94	4.46	4.37	4.27	4.07	3.81	3.35	3.61	3.23	3.7
EV/Core EBITDA(x)	20.58	16.61	9.7	9.08	8.77	7.76	7.87	6.59	9.28	11.02	19.14
Net Sales Growth(%)	5.04	33.41	49.18	0.94	-7.72	-14.5	-7.79	4.92	-5.43	0.14	5.04
EBIT Growth(%)	7.75	22.74	70.97	5.76	-8.51	-92.04	-529.05	350.58	-37.6	20.84	-80.98
PAT Growth(%)	1.5	0.16	-12.92	23.31	-24.31	-448.61	-44.16	110.04	-316.17	62.86	-553.91
EPS Growth(%)	1.81	-0.14	-12.92	23.31	-23.88	-451.22	-38.1	104.45	-538.89	55.54	-308.53
Debt/Equity(x)	1.54	1.61	1.67	1.54	1.49	1.75	2.42	2.09	2	1.84	1.62
Current Ratio(x)	0.91	0.82	0.82	0.79	0.65	0.33	0.31	0.31	0.32	0.27	0.25
Quick Ratio(x)	0.82	0.72	0.72	0.71	0.59	0.27	0.24	0.25	0.27	0.22	0.2
Interest Cover(x)	2.81	2.2	1.5	1.5	1.33	0.1	-0.39	1.16	0.68	0.89	0.17
Total Debt/Mcap(x)	1.52	2.09	2.44	2.45	3.13	9.56	84.04	20.96	5.04	5.72	1.65

Reliance Power Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	24.99	24.99	24.99	24.49	24.49	23.24	23.24	23.26	23.26	23.26
FII	7.83	7.35	7.34	7.66	8.37	13.01	12.71	13.13	12.96	13.21
DII	3.28	3.18	3.18	5.17	5.2	4.95	3.06	2.89	2.8	3.29
Public	63.87	64.47	64.49	62.68	61.94	58.8	60.99	60.72	60.98	60.24
Others	0.02	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	90.7	93.35	93.35	93.35	93.35	93.35	93.35	93.45	93.45	93.45
FII	28.42	27.46	27.42	29.19	31.89	52.27	51.07	52.72	52.05	53.07
DII	11.92	11.89	11.87	19.7	19.8	19.88	12.3	11.61	11.24	13.21
Public	231.78	240.82	240.89	238.88	236.08	236.21	244.98	243.92	244.96	241.98
Others	0.06	0	0	0	0	0	0	0	0	0
Total	362.87	373.52	373.52	381.12	381.12	401.7	401.7	401.7	401.7	401.7

Pros

Company has reduced debt.

Cons

Promoter holding is low: 23.26%.
Company has a low return on equity of -10% over the 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.