1. India Stocks

  2. •

    Utilities

  3. •

    Independent Power Producers
Reliance Power Limited

Reliance Power Limited

RPOWER.NS
Reliance Power LimitedIN flagNational Stock Exchange of India
24.96
INR
-0.28
- -
103.23BMarket Cap
Reliance Power Limited
RPOWER.NS
(National Stock Exchange of India)

Recent

price

24.96

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
4.08
6.98
17.56
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
18.48
Revenue per Share
2.94
3.09
3.61
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
-0.82
Basic EPS, GAAP
-24.33
-37.83
-29.26
-7.51
-2.74
9.06
14.63
13.92
14.88
14.25
14.31
10.58
10.46
8.38
4.82
68.93
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
15.78
16.38
18.74
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
10.03
Book Value per Share
65.02
62.53
66.15
69.34
72.09
72.05
76.08
75.61
61.86
47.06
49.17
41.37
38.12
30.6
40.64
38.82
38.83
Tangible Book Value per Share
2,585
2,805
2,805
2,805
2,805
2,805
2,805
2,805
2,805
2,805
2,805
3,231
3,480
3,789
4,017
4,124
4,123
Basic Weighted Avg Shares
10,548
19,584
49,249
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
Sales/Revenue/Turnover
12.15
25.73
28.99
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
Operating Margin (%)
1,009
1,214
2,851
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
Depreciation Expense
7,604
8,668
10,115
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
Net Income, GAAP
1.48
8.99
15.68
17.12
20.06
33.83
22.54
14.68
- -
- -
- -
- -
- -
- -
3.28
- -
132.42
Effective Tax Rate (%)
72.1
44.26
20.54
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
Profit Margin (%)
48,942
21,465
26,273
-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
Working Capital
59,179
142,627
241,860
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
LT Debt
168,334
175,711
185,826
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
Total Equity
0.64
1.65
3.06
2.64
3.14
3.19
3.65
4.01
- -
- -
- -
- -
- -
- -
3.81
- -
- -
Return on Invested Capital (%)
12.32
7.52
5.66
4.55
4.89
5.95
7.48
7.21
- -
- -
- -
- -
- -
- -
24.54
- -
6.3
Return on Capital (%)
20.31
19.98
20.53
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
Return on Common Equity (%)

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
180,578
142,586
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
-0.82

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Reliance Power Limited (RPOWER.NS), a leading power generation company and part of the Reliance Group, develops, constructs, and operates a diverse portfolio of thermal, hydro, and renewable energy projects in India and internationally; its operational capacity totals approximately 5,300-6,000 MW, including coal-fired plants such as the 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh, gas-fired projects, and hydroelectric facilities in states like Arunachal Pradesh, Himachal Pradesh, and Uttarakhand; the company also advances renewable initiatives encompassing solar, wind, and battery energy storage systems (BESS), with projects under development targeting over 20,000 MW in total capacity across western, northern, northeastern, and southern India. Founded in 1995 and headquartered in Mumbai, India, Reliance Power serves utilities, industrial customers, and regional grids through power purchase agreements, with a strategic emphasis on captive mines for coal supply, Krishna Godavari basin gas reserves, and expansion into clean energy to meet India's power deficit needs. Recent developments include the incorporation of a new wholly-owned subsidiary, Reliance Transtech Private Limited, in early 2025 for energy sector operations; a 50:50 joint venture with Bhutan's Druk Holding and Investments in October 2024 to develop a 500 MW solar project, marking the largest foreign investment in Bhutan's energy sector; a 25-year power purchase agreement signed by subsidiary Reliance NU Suntech with the Solar Energy Corporation of India in 2025 for Asia's largest 930 MW solar plus 1,860 MWh BESS project in Andhra Pradesh; and a Letter of Award in May 2025 for a 350 MW solar project with 175 MW/350 MWh BESS awarded to Reliance NU Energies.