MarketFriction

Reliance Power Ltd

NSE RPOWER · BSE 532939 · Power Generation
₹19.41 -1.42%
NSE close2026-10-01
52 week range19.45 - 50.73
Market cap₹8,176 Cr.
P/E2,278
Nifty 500Smallcap 250Nifty Energy Price band 20% Delivery 34.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,0381,9441,9971,9921,7601,8531,9781,8861,9741,8731,8871,956
Expenses1,3182,3071,8111,3421,3841,3611,3881,3211,3561,2691,3111,394
Operating Profit720-364186651376492590565618604576562
OPM %35%-19%9%33%21%27%30%30%31%32%31%29%
Other Income117175175773,433307881409377-323147
Interest716602517551562544399426395371474387
Depreciation259258287250243204211207208210205207
Profit before tax-138-1,048-444-733,004506772108100-426116
Tax %72%8%-10%34%4%16%-87%38%19%75%16%44%
Net Profit-238-1,137-398-982,87842126458725-49465
EPS in Rs-0.64-3.04-0.99-0.247.160.100.310.110.210.06-1.190.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales10,29910,3969,5938,2017,5627,9347,5037,5147,8937,5837,6207,690
Expenses5,8845,8895,1994,2684,5364,3594,7685,6286,7335,4415,2555,330
Operating Profit4,4144,5064,3933,9343,0273,5752,7351,8861,1602,1422,3652,361
OPM %43%43%46%48%40%45%36%25%15%28%31%31%
Other Income323496276-2,823-3,3844861921,2964993,871-14-5
Interest2,6832,8432,9263,2063,0542,5392,7212,5042,4512,0561,6661,627
Depreciation7017347598388361,0831,0771,0171,062910829830
Profit before tax1,3531,425984-2,934-4,248439-871-339-1,8543,048-145-101
Tax %34%23%15%1%1%-3%5%19%12%3%132%
Net Profit8951,104840-2,952-4,271454-915-403-2,0682,948-337-317
EPS in Rs3.193.943.00-10.52-14.530.82-2.84-1.26-5.157.34-0.81-0.76
Dividend Payout %31%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-3%-1%0%3%
Compounded Profit Growth%%24%125%
Stock Price CAGR-8%8%1%-55%
Return on Equity-2%-8%-6%-1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2,8052,8052,8052,8052,8052,8052,8053,4003,7354,0174,0174,136
Reserves17,82717,42218,56218,43014,5729,0649,4418,3647,8607,59712,32011,904
Borrowings33,21933,79032,92531,69730,45628,80425,63523,12921,23618,76615,15314,812
Other Liabilities8,1759,9979,8729,24210,24512,67112,90114,91915,70413,3789,79310,441
Total Liabilities62,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,293
Fixed Assets33,63434,51534,85134,88135,90338,57437,19036,30835,77633,58431,85930,944
CWIP15,5317,3867,4036,9134,2763,6151,9122,0202,3201,2931,3871,720
Investments86187379928022430363739209173142
Other Assets12,00121,24021,11220,10017,67511,12411,64411,44710,4018,6727,8648,486
Total Assets62,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,293
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,3994,5744,7054,3654,2234,5434,1493,6134,0243,1741,9382,824
Cash from Investing Activity-3,630-1,348-2,14235460-247486284-354-192451-212
Cash from Financing Activity695-3,194-3,389-4,311-4,839-4,200-4,615-3,849-3,623-2,734-2,435-1,828
Net Cash Flow-1,53532-826408-55696194846248-46785
Free Cash Flow-7612,5444,1303,9184,1803,9984,0153,4173,6393,2252,0912,708
CFO/OP54%109%106%104%108%154%117%134%216%277%92%122%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days15412510594122114111156130767363
Inventory Days
Days Payable
Cash Conversion Cycle15412510594122114111156130767363
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters24.50%24.50%23.24%23.24%23.27%23.27%23.27%24.98%24.98%24.98%24.98%24.98%
FIIs7.66%8.37%13.01%12.71%13.12%12.95%13.21%12.93%13.09%13.25%14.12%13.64%
DIIs5.16%5.19%4.94%3.06%2.88%2.80%3.29%3.61%3.75%3.05%3.12%2.79%
Government0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public62.67%61.95%58.81%60.99%60.72%60.97%60.22%58.48%58.18%58.69%57.75%58.57%
No. of Shareholders31,06,44635,67,05938,68,22740,90,48140,44,00041,89,89741,77,54943,93,67243,51,10743,67,83843,41,37143,18,443

Fundamentals

Market Cap₹ 8,176 Cr.
Current Price₹ 19.8
Stock P/E2,278
Book Value₹ 38.8
ROCE6.11 %
ROE-0.90 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)125%
Consolidated figures.
Valuation
Market capRs 8,028 Cr
Enterprise valueRs 21,134 Cr
Price to book0.50x
Price to sales1.04x
EV / EBITDA8.97x
EV / EBIT13.85x
EV / sales2.75x
Price to cash flow2.84x
Earnings yield-3.95%
P/E, 3-year average5.86x
P/B, 3-year average0.85x
P/E, 5-year average5.86x
P/B, 5-year average0.65x
Profitability
Operating margin (excl. other income)31.03%
Operating margin (incl. other income)30.85%
EBITDA margin30.63%
Pre-tax margin-1.32%
Net profit margin-4.12%
Net margin, latest quarter3.31%
ROE-2.08%
ROCE4.88%
ROA-0.82%
ROE, 3-year average0.40%
ROCE, 3-year average7.76%
ROA, 3-year average0.54%
ROE, 5-year average-2.17%
ROCE, 5-year average6.95%
ROA, 5-year average-0.25%
ROIC (approx.)12.16%
Tax rate-132.29%
Other income / net worth-0.09%
Growth
Sales growth (latest year)0.49%
Profit growth (latest year)-111.43%
Sales CAGR, 3 years0.47%
Sales CAGR, 5 years-0.81%
Sales growth QoQ3.66%
Sales growth YoY (latest quarter)3.75%
Profit growth YoY (latest quarter)44.83%
Per share
EPS (TTM)Rs -0.77
EPS (latest year)Rs -0.81
EPS (latest quarter)Rs 0.16
EPS, 3-year averageRs 0.46
EPS, 5-year averageRs -0.54
Book value per shareRs 38.78
Sales per shareRs 18.59
Cash flow per shareRs 6.83
Free cash flow per shareRs 6.55
Efficiency
Asset turnover0.18x
Fixed asset turnover0.25x
Inventory turnover3.97x
Inventory days92 days
Debtor days63 days
Debtors turnover5.82x
Cash conversion cycle63 days
Working capital days-348 days
Leverage
Total debtRs 14,812 Cr
Cash and bankRs 1,705 Cr
Net debtRs 13,107 Cr
Debt to equity0.92x
Net debt / EBITDA5.56x
Interest coverage0.94x
Current ratio (filing 2026-03-31)0.45x
Quick ratio (filing 2026-03-31)0.35x
Trade payables (filing 2026-03-31)Rs 221 Cr
Owners' fund to total sources38.84%
Debt to assets35.87%
Cash flow
Cash from Operating Activity (latest year)Rs 2,824 Cr
Cash from Investing Activity (latest year)Rs -212 Cr
Cash from Financing Activity (latest year)Rs -1,828 Cr
Net Cash Flow (latest year)Rs 785 Cr
Free cash flow (latest year)Rs 2,708 Cr
FCFE (approx.: FCF + change in debt)Rs 2,367 Cr
Sales to cash flow2.70x
Statement figures
Net sales (TTM)Rs 7,690 Cr
Net sales (latest year)Rs 7,620 Cr
Sales (latest quarter)Rs 1,956 Cr
Operating profit excl. other income (latest year)Rs 2,365 Cr
Operating profit (latest quarter)Rs 562 Cr
Other income (TTM)Rs -5 Cr
EBITDA (TTM)Rs 2,355 Cr
PBDT (TTM)Rs 728 Cr
Profit before tax (TTM)Rs -101 Cr
Tax (latest year)Rs 192 Cr
Net profit (TTM)Rs -317 Cr
Net profit (latest year)Rs -337 Cr
Net profit (latest quarter)Rs 65 Cr
Depreciation (TTM)Rs 830 Cr
Depreciation (latest quarter)Rs 207 Cr
Interest (TTM)Rs 1,627 Cr
Cost of goods sold (latest year)Rs 4,032 Cr
Total expenditure (latest year)Rs 5,255 Cr
Total income (latest year)Rs 7,605 Cr
Share capitalRs 4,136 Cr
ReservesRs 11,904 Cr
Shareholders' fundsRs 16,039 Cr
Total assetsRs 41,293 Cr
Net blockRs 30,944 Cr
Capital work in progressRs 1,720 Cr
InvestmentsRs 142 Cr
ReceivablesRs 1,310 Cr
InventoryRs 1,016 Cr
Other liabilitiesRs 10,441 Cr
Shares outstanding (crore)413.58
Ownership
Promoter holding24.98% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.50 is at the 40th percentile (median 0.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRPOWERNifty 50Difference
1 week-6.1%-2.8% -3.3 pts
1 month-12.8%-6.8% -6.0 pts
3 months-24.5%-7.6% -16.9 pts
6 months-4.7%+0.4% -5.1 pts
1 year-57.8%-9.9% -47.9 pts
2 years-49.1%-13.6% -35.6 pts
3 years+0.8%+14.2% -13.3 pts
5 years+42.7%+27.9% +14.8 pts
37 mutual fund schemes hold about ₹50 Cr. Over three months 37 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Nifty Smallcap 250 Index Fund0.29%10 +14%
UTI Nifty 500 Value 50 Index Fund0.82%7 +19%
Axis Nifty Smallcap 50 Index Fund0.78%6 +8%
SBI Nifty Smallcap 250 Index Fund0.29%5 +13%
Motilal Oswal Nifty Smallcap 250 Index Fund0.29%4 +13%
Aditya Birla SL Nifty Smallcap 50 Index Fund0.78%3 +9%
ICICI Pru Nifty Smallcap 250 Index Fund0.29%2 +14%
HDFC NIFTY Smallcap 250 Index Fund0.29%2 +14%
Axis Nifty500 Value 50 Index Fund0.81%2 +19%
Kotak Nifty Smallcap 50 Index Fund0.78%2 +9%
JioBlackRock Nifty Smallcap 250 Index Fund0.29%1 +14%
Motilal Oswal Nifty 500 Index Fund0.03%1 +15%
Nippon India Nifty 500 Equal Weight Index Fund0.18%1 +20%
Edelweiss Nifty Smallcap 250 Index Fund0.29%1 +14%
Groww Nifty Smallcap 250 Index Fund0.29%0 +13%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.07%0 +15%
Bandhan Nifty 500 Value 50 Index Fund0.82%0 +19%
Bandhan Nifty Smallcap 250 Index Fund0.29%0 +14%
Kotak Nifty Smallcap 250 Index Fund0.29%0 +14%
SBI Nifty 500 Index Fund0.03%0 +15%
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund0.31%0 +16%
Axis Nifty Energy Index Fund0.23%0 +100%
Groww Nifty Total Market Index Fund0.03%0 +14%
HDFC BSE 500 Index Fund0.03%0 +11%
Aditya Birla SL BSE India Infrastructure Index Fund0.35%0 +28%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,956 Cr +3.7% vs Jun 2025. Net profit ₹65 Cr +44.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2018-09-12 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-15 Annual General Meeting
2015-11-19 Interim Dividend - Re 1/- Per Share
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-08-14Annual General Meeting
2012-08-23Annual General Meeting
2011-09-15Annual General Meeting
2010-09-13Annual General Meeting
2009-07-17Annual General Meeting
2008-05-30Bonus 3:50.6250
DateTypeWhat it says
2026-10-01General UpdatesDisclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Reliance Power Ltd?

Reliance Power Ltd (RPOWER) has a market capitalisation of Rs 8,176 Cr. at the 2026-10-01 close.

What is the P/E ratio of Reliance Power Ltd?

Reliance Power Ltd trades at a P/E of 2,278 on trailing twelve-month profit, at the 2026-10-01 close.

What were Reliance Power Ltd's latest quarterly results?

In the Jun 2026 quarter, Reliance Power Ltd sales was Rs 1,956 Cr (+3.7% vs Jun 2025) and net profit was Rs 65 Cr.

What is the 52-week high and low of Reliance Power Ltd?

The 52-week high is Rs 50.73 and the 52-week low is Rs 19.45.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03