Reliance Power Limited

Reliance Power Limited

RPOWER.BO
Reliance Power LimitedIN flagBombay Stock Exchange
27.09
INR
+0.13
- -
112.04BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
18.22
24.42
32.23
32.3
29.91
25.88
24.81
26.29
21.61
20.21
19.6
18.88
- -
18.48
Basic EPS, GAAP
3.66
3.67
3.19
3.94
3
-10.52
-14.53
0.82
-2.98
-1.35
-5.46
7.34
- -
-0.82
Free Cash Flow per Basic Share
-7.51
-2.74
9.06
14.63
13.92
14.88
14.25
14.31
10.58
10.46
8.38
4.82
- -
- -
Dividend per Share
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
22.21
25.68
25.69
39.17
38.43
27.9
9.25
10.49
6.99
6.1
4.44
11.51
- -
10.03
Tangible Book Value per Share
69.34
72.09
72.05
76.08
75.61
61.86
47.06
49.17
41.37
38.12
30.6
40.64
- -
38.83
Basic Weighted Avg Shares
2,805
2,805
2,805
2,805
2,805
2,805
2,805
2,805
3,231
3,480
3,789
4,017
- -
4,123
Sales/Revenue/Turnover
51,119
68,506
90,415
90,596
83,888
72,602
69,606
73,738
69,809
70,326
74,264
75,829
76,197
76,197
Operating Margin (%)
29.83
29.37
28.55
28.2
30.19
32.55
28.79
28.85
17.74
6.94
-3.93
15.81
20.13
20.13
Depreciation Expense
3,639
5,237
8,011
8,620
8,947
10,254
9,841
12,931
12,750
12,278
12,568
10,960
10,099
8,292
Net Income, GAAP
10,267
10,283
8,954
11,042
8,404
-29,518
-40,766
2,286
-9,640
-4,708
-20,684
29,478
-3,369
-3,369
Effective Tax Rate (%)
17.12
20.06
33.83
22.54
14.68
- -
- -
- -
- -
- -
- -
3.28
- -
132.42
Profit Margin (%)
20.08
15.01
9.9
12.19
10.02
-40.66
-58.57
3.1
-13.81
-6.69
-27.85
38.87
-4.42
-4.42
Working Capital
-6,913
-14,471
-20,210
-26,321
-41,590
-121,176
-110,992
-102,059
-121,144
-133,500
-131,306
-53,529
-54,698
-54,698
LT Debt
262,535
277,742
287,387
262,900
242,012
180,910
198,865
168,315
142,142
122,404
94,095
102,591
99,555
99,555
Total Equity
194,699
202,672
202,268
213,676
212,350
173,775
132,217
138,138
133,852
132,871
116,139
163,372
160,394
160,394
Return on Invested Capital (%)
2.64
3.14
3.19
3.65
4.01
- -
- -
- -
- -
- -
- -
3.81
- -
- -
Return on Capital (%)
4.55
4.89
5.95
7.48
7.21
- -
- -
- -
- -
- -
- -
24.54
- -
6.3
Return on Common Equity (%)
17.87
15.31
12.43
12.14
7.72
-31.73
-78.23
8.26
-37.07
-21.49
-108.69
93.51
-7.69
-7.69

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
50,253
- -
48,565
LT Borrowings
102,062
- -
99,555
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,136
- -
4,136
Market Capitalization
180,619
142,545
83,940

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
48,611
- -
47,109
Cash, Cash Equivalents & STI
21,053
- -
20,874
Accounts Receivable, Net
13,427
- -
13,101
Inventories
7,676
- -
10,164
Total Current Liabilities
99,585
- -
101,806
Payables & Accruals
- -
- -
- -
ST Debt
50,253
- -
48,565
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.01%
4.49%
-1.82%
Free Cash Flow
136.63%
261.33%
1,366.75%
Net Income, GAAP
-110.67%
-117.48%
-111.43%
Sales/Revenue/Turnover
-1.52%
0.72%
0.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19,143
20,378
19,438
15,058
74,264
2025
19,922
17,598
18,528
19,780
75,829
2026
18,856
19,740
18,728
18,873
76,197

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.79
-0.63
-2.98
- -
-5.46
2025
-0.24
7.16
0.1
0.31
7.34
2026
0.11
0.21
0.06
-1.19
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Neeraj Parakh
Full Time Employees
1,277
Sector
Utilities
Industry
Independent Power Producers
Address
Reliance Centre Mumbai India 400 001
IPO Date
Feb 12, 2008
Business
Reliance Power Limited is a leading power generation company in India engaged in the development, construction, and operation of power projects primarily in the Indian market. The company’s core products and services include coal-based power generation; gas-based power generation; hydroelectric power projects; renewable energy solutions, particularly solar photovoltaic (PV) power generation and energy storage systems; and carbon credits trading. Its portfolio encompasses thermal power plants, combined cycle gas turbine (CCGT) plants, and rapidly expanding solar power projects including integrated solar and battery energy storage systems (BESS). Reliance Power operates a significant lineup of power projects across various states in India and has international interests, such as joint ventures for gas-based projects in Bangladesh. The company emphasizes an integrated clean energy transition with a strong focus on solar PV and battery storage, recently launching Asia’s largest single-location solar plus battery project through its subsidiary Reliance NU Suntech. This project is backed by a landmark 25-year power purchase agreement and represents a major strategic shift toward renewable energy, supported by a ₹10,000 crore investment. Reliance Power is expanding its clean energy portfolio to over 2.5 GWp of solar capacity and more than 2.5 GWh of energy storage capacity, establishing itself as India’s largest player in the integrated Solar + BESS segment. Additionally, the company secured approval for a USD 600 million Foreign Currency Convertible Bonds (FCCB) issuance in 2025 to fund growth initiatives. Reliance Power’s recent operational focus blends conventional coal and gas power with a robust renewable pipeline, signaling a pivot toward sustainability alongside maintaining core thermal assets. Founded in 1995 and headquartered in Navi Mumbai, Maharashtra, Reliance Power Limited is part of the Reliance Group. It operates under the Indian power generation industry segment serving wholesale power buyers, government entities, and industrial consumers within India. The company maintains partnerships and joint ventures, including a notable collaboration with JERA Corporation of Japan for a 750 MW gas-based combined cycle power project in Bangladesh. Reliance Power continues to pursue large-scale energy infrastructure development while aligning to national policies on renewable energy and sustainability targets. This comprehensive approach and scale of operations position Reliance Power Limited prominently in India’s power sector as both a conventional energy producer and a pioneer in renewable energy integration, representing a dynamic shift in its product and service offerings over the last two years.