Skip to content
Reliance Power logo

Reliance Power

RPOWER NSE
₹18.43 No trade today
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹18.43 −22.64 −55.1% 1Y
Start ₹41.07

Key Fundamentals

MicrocapPowerUtilities

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
6.11%
Debt to Equity
0.92
EPS (TTM)
−₹0.76
Book Value
₹35.30
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
0.52
ROE
−0.90%
Dividend Yield
0.00%
EBITDA
₹2,732 Cr
52W High
₹42.87
52W Low
₹15.98
Volume
0

Peer Comparison

Utilities › Power › Power Generation

Reliance Power peer comparison
NTPC
₹321.9510.50₹3,09,905 Cr1.460.93%15.10%8.92%₹2,00,543 Cr₹30,459 Cr
Adani Green
₹1,388.00121.97₹2,25,153 Cr10.590.00%11.40%7.39%₹14,809 Cr₹2,249 Cr
JSW Energy
₹511.0045.99₹92,288 Cr2.550.40%7.51%8.16%₹18,965 Cr₹2,460 Cr
NHPC
₹78.4920.76₹80,260 Cr1.902.03%9.32%5.75%₹12,210 Cr₹4,267 Cr
NTPC Green Energy
₹83.51117.62₹69,433 Cr3.630.00%2.79%3.56%₹3,285 Cr₹605 Cr
NLC India
₹247.6810.70₹32,822 Cr1.601.67%11.90%8.42%₹18,381 Cr₹3,366 Cr
ACME Solar Holdings
₹421.0044.74₹29,572 Cr3.560.05%10.40%8.91%₹2,370 Cr₹602 Cr
Reliance Power (this company)
₹18.43—₹7,552 Cr0.520.00%−0.90%6.11%₹7,690 Cr−₹317 Cr
Median 8 companies₹284.8244.74₹74,846 Cr2.220.23%9.86%7.78%₹13,510 Cr₹2,355 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 93/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
34
Poor
Sales & profit trajectory 9% weight
Financial Health
21
Poor
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 0.47 times its book value

Weaknesses

4
  • 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBearish261
Moving AveragesStrong Bearish802

Key readings

RSI (14)
46.44
Neutral
MACD (12,26,9)
−0.63
Bullish
SMA (50)
20.20
Bearish
SMA (200)
24.48
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−2.97%
5Y−0.80%
3Y+0.47%
1Y+0.49%
TTM+2.85%

Net profit

Net profit growth by window
10YTurned to loss
5YTurned to loss
3YLoss narrowed by ₹66 Cr
1YTurned to loss
TTMTurned to loss

Operating cash flow

Operating cash flow growth by window
10Y−4.71%
5Y−7.41%
3Y−11.13%
1Y+45.72%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−11.82 pp
5Y−14.02 pp
3Y+5.94 pp
1Y+2.79 pp
TTM+3.63 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹10,396 Cr
Mar 2018₹9,593 Cr
Mar 2019₹8,201 Cr
Mar 2020₹7,562 Cr
Mar 2021₹7,934 Cr
Mar 2022₹7,503 Cr
Mar 2023₹7,514 Cr
Mar 2024₹7,893 Cr
Mar 2025₹7,583 Cr
Mar 2026₹7,620 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,104 Cr
Mar 2018₹840 Cr
Mar 2019−₹2,952 Cr
Mar 2020−₹4,271 Cr
Mar 2021₹454 Cr
Mar 2022−₹915 Cr
Mar 2023−₹403 Cr
Mar 2024−₹2,068 Cr
Mar 2025₹2,948 Cr
Mar 2026−₹337 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Reliance Power Ltd has a market cap of ₹9,694 Cr and trades at 0.66x book value with negative earnings (PE of -28.8). The company has shown no sales growth over the past 5 years (-0.81%) and carries consistently negative ROE, though losses have narrowed with TTM profit growth of 58%.

Bull Case 7
  • Stock trades at 0.66x price-to-book, significantly below book value, indicating potential deep value if assets are realizable
  • TTM compounded profit growth of 58% suggests losses are narrowing meaningfully on a sequential basis
  • 3-year compounded profit growth of 24% indicates a sustained trend of improving bottom-line trajectory
  • 3-year stock CAGR of 11% and 5-year CAGR of 14% show the market has repriced the stock positively over medium-term horizons
  • Last year ROE of -1% is a significant improvement from the 3-year average of -6% and 5-year average of -8%, suggesting the company is approaching breakeven
  • Zero dividend yield means all cash flow is being retained for debt reduction or capex, potentially aiding deleveraging efforts
  • Power sector in India benefits from rising electricity demand with government focus on capacity additions and energy security
Bear Case 8
  • Negative PE ratio of -28.8 confirms the company is still loss-making and has not achieved sustained profitability
  • 5-year compounded sales growth of -0.81% shows near-zero revenue momentum, indicating inability to scale operations
  • 3-year ROE of -6% and 5-year ROE of -8% reflect persistent destruction of shareholder value over extended periods
  • Low interest coverage ratio indicates earnings are insufficient to comfortably service debt obligations, raising solvency concerns
  • Promoter holding at just 25.0% is notably low, suggesting limited promoter skin-in-the-game or past pledge-related dilution
  • 10-year compounded sales growth of -3% shows a decade-long structural decline in the revenue base
  • 1-year stock return of -56% reflects severe recent market repricing and loss of investor confidence
  • 10-year stock CAGR of -8% means long-term shareholders have experienced capital erosion over a full market cycle

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Reliance Power faces significant regulatory overhang with both ED and CBI actions targeting promoter-level transactions, creating legal uncertainty around ₹1,000+ crore in attached assets and receivables. On the positive side, promoters have confirmed zero share encumbrance and the company is maintaining ESG governance standards. The legal risks are the dominant narrative and the trend is deteriorating until clarity emerges on PMLA proceedings and CBI probe outcomes.

Headwinds 2
  • ED attaches ₹762.75 cr promoter shares Jul 13

    ED issued provisional attachment order on promoter shares worth ₹762.75 crore and receivables of ₹258.44 crore from subsidiaries Sasan Power and Reliance Cleangen, citing alleged PMLA violations between 2017 and 2019.

  • CBI search at registered office Jul 18

    CBI concluded a search and seizure operation at Reliance Power's registered office involving transactions with Reliance Commercial Finance and Reliance Home Finance.

Positives 2
  • Promoters confirm zero share encumbrance Jul 9

    Promoters including Reliance Infrastructure confirmed no encumbrance on shares under SEBI Regulation 31(4), signaling no pledging pressure.

  • FY26 BRSR with reasonable assurance Jul 23

    Reliance Power filed its FY25-26 Business Responsibility and Sustainability Report with reasonable assurance from M/s. Shailesh Haribhakti & Associates on core ESG indicators, reflecting governance commitment.

Neutral 1
  • 32nd AGM scheduled Aug 14 Jul 23

    Reliance Power will hold its 32nd AGM on August 14, 2026 via video conferencing with remote e-voting open from August 10 to August 13.

Quarterly Results

₹ Cr
RPOWER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,922
2,038
1,944
1,997
1,992
1,760
1,853
1,978
1,886
1,974
1,873
1,887
1,956
Expenses
1,301
1,318
2,307
1,811
1,342
1,384
1,361
1,388
1,321
1,356
1,269
1,311
1,394
Operating Profit
621
720
−364
186
651
376
492
590
565
618
604
576
562
OPM %
32%
35%
−19%
9%
33%
21%
27%
30%
30%
31%
32%
31%
29%
Other Income
37
117
175
175
77
3,433
307
88
140
93
77
−323
147
Interest
620
716
602
517
551
562
544
399
426
395
371
474
387
Depreciation
261
259
258
287
250
243
204
211
207
208
210
205
207
PBT
−224
−138
−1,048
−444
−73
3,004
50
67
72
108
100
−426
116
Tax %
32%
72%
8%
−10%
34%
4%
16%
−87%
38%
19%
75%
16%
44%
Net Profit
−296
−238
−1,137
−398
−98
2,878
42
126
45
87
25
−494
65
EPS (₹)
−0.79
−0.64
−3.04
−0.99
−0.24
7.16
0.1
0.31
0.11
0.21
0.06
−1.19
0.16

Profit & Loss

₹ Cr
RPOWER profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
6,903
10,299
10,396
9,593
8,201
7,562
7,934
7,503
7,514
7,893
7,583
7,620
7,690
Expenses
4,317
5,884
5,889
5,199
4,268
4,536
4,359
4,768
5,628
6,733
5,441
5,255
5,330
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
2,361
OPM %
37%
43%
43%
46%
48%
40%
45%
36%
25%
15%
28%
31%
31%
Other Income
298
323
496
276
−2,823
−3,384
486
192
1,296
499
3,871
−14
−5
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
1,627
Depreciation
524
701
734
759
838
836
1,083
1,077
1,017
1,062
910
829
830
PBT
1,286
1,353
1,425
984
−2,934
−4,248
439
−871
−339
−1,854
3,047
−145
−101
Tax %
20%
34%
23%
15%
1%
1%
−3%
5%
19%
12%
3%
132%
—
Net Profit
1,028
895
1,104
840
−2,952
−4,271
454
−915
−403
−2,068
2,948
−337
−317
EPS (₹)
3.67
3.19
3.94
3
−10.52
−14.53
0.82
−2.84
−1.26
−5.15
7.34
−0.81
−0.76
Div. Payout %
0%
31%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
RPOWER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
33,219
33,790
32,925
31,697
30,456
28,804
25,635
23,129
21,236
18,766
15,153
14,812
Other Liabilities
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
Fixed Assets
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
Other Assets
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 Flow

₹ Cr
RPOWER cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,399
4,574
4,705
4,365
4,223
4,543
4,149
3,613
4,024
3,174
1,938
2,824
Investing
−3,630
−1,348
−2,142
354
60
−247
486
284
−354
−192
451
−212
Financing
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
54
109
106
104
108
154
117
134
216
277
92
122

Ratios

RPOWER financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
154
125
105
94
122
114
111
156
130
76
73
63
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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Reliance Power insights

63 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 50.53%
  • Promoters 24.98%
  • FIIs 13.46%
  • Others 6.67%
  • DIIs 4.34%
  • Government 0.01%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · Dec 2025
    PPT

Frequently Asked Questions about Reliance Power

What does Reliance Power Ltd do?
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…
Where is Reliance Power Ltd (RPOWER) listed?
Reliance Power Ltd trades as RPOWER on the NSE and under code 532939 on the BSE.
Which sector does Reliance Power Ltd belong to?
Reliance Power Ltd is classified under the Power sector, in the Power Generation industry.
What is the 52-week high and low of Reliance Power Ltd?
Over the last 52 weeks Reliance Power Ltd has traded between ₹15.98 and ₹42.87 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Reliance Power Ltd?
Reliance Power Ltd reported a return on equity of -0.90%. Its debt-to-equity ratio is 0.92.

Company Information

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.

Website reliancepower.co.in
CEO Mr. Neeraj Parakh
Employees 1,267
Listed 11 Feb 2008
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/RPOWER.md for Reliance Power Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Power stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month