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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Reliance Power Ltd

About the Company - Reliance Power Ltd

Reliance Power Ltd. is a Public Limited Listed company incorporated on 17/01/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L40101MH1995PLC084687 and registration number is 084687. Currently company belongs to the Industry of Power - Generation/Distribution. Company’s Total Operating Revenue is Rs. 41.89 Cr. and Equity Capital is Rs. 3400.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionReliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Mumbai Maharashtra 400001reliancepower.investors@relianceada.com
http://www.reliancepower.co.in
Management
NamePosition Held
Mr. Sateesh SethChairman, Non Ind & Non Exe Director
Mr. Raja Gopal KrotthapalliNon Exe.Non Ind.Director
Mrs. Chhaya ViraniIndependent Director
Mr. Vijay Kumar SharmaIndependent Director
Mr. Ashok RamaswamyIndependent Director
Mrs. Manjari Ashok KackerIndependent Director
Mr. Punit Narendra GargDirector

Basic Stock Data of Reliance Power Ltd

Last Updated: June 20, 2024, 10:34 pm

Market Cap 12,308 Cr.
Current Price 30.6
High / Low34.4/13.8
Stock P/E
Book Value 28.9
Dividend Yield0.00 %
ROCE1.43 %
ROE19.0 %
Face Value 10.0
PEG Ratio0.00

Competitors of Reliance Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
PTC India Ltd 6,105 Cr. 206255/10913.9 1743.78 %9.64 %8.67 % 10.0
NHPC Ltd 1,03,052 Cr. 103118/44.828.4 38.51.80 %7.37 %9.59 % 10.0
JSW Energy Ltd 1,19,477 Cr. 684687/25272.1 1270.29 %8.59 %8.40 % 10.0
Adani Power Ltd 2,88,017 Cr. 747897/23113.8 1120.00 %32.2 %57.1 % 10.0
CESC Ltd 20,096 Cr. 152158/70.814.6 86.32.96 %11.2 %12.3 % 1.00
Industry Average76,250.80 Cr355.0891.05100.310.85%9.52%10.27%8.11

Reliance Power Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,8971,6552,0141,8471,7961,8462,0631,8641,8861,7301,9222,0521,947
Expenses1,0108031,0991,0519671,6641,2491,2961,2231,8891,3011,3202,310
Operating Profit888852914796829182814568663-159621732-363
OPM %47%51%45%43%46%10%39%30%35%-9%32%36%-19%
Other Income10941494863324473491,17037117184
Interest646620597652663603638665650574620725607
Depreciation270270274276270257258255253266261263262
Profit before tax81291-84-41-647-39-280-192171-224-138-1,048
Tax %-9%-6,392%33%6%-35%-1%-162%-12%-28%-50%-32%-72%-8%
Net Profit8915461-79-55-651-102-313-245257-296-238-1,137
EPS in Rs0.190.260.04-0.39-0.29-1.63-0.47-1.00-0.800.86-0.79-0.64-3.04

Last Updated: April 10, 2024, 4:18 am

Reliance Power Ltd Quarterly Chart

Reliance Power Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,0194,9275,1756,90310,29910,3969,5938,2017,5627,9347,5037,5437,590
Expenses1,5933,2143,2584,3175,8845,8895,1994,2684,5524,3594,7685,6365,734
Operating Profit4261,7131,9172,5874,4144,5064,3933,9343,0103,5752,7351,9061,856
OPM %21%35%37%37%43%43%46%48%40%45%36%25%24%
Other Income945357370298323496276-2,823-3,3684861921,3141,373
Interest2985856841,0742,6832,8432,9263,2063,0542,5392,7212,5272,569
Depreciation1212853645247017347598388361,0831,0771,0331,043
Profit before tax9521,2001,2391,2861,3531,425984-2,934-4,248439-871-339-383
Tax %9%16%17%20%34%23%15%-1%-1%-3%-5%-19%
Net Profit8671,0111,0271,0288951,104840-2,952-4,271454-915-403-522
EPS in Rs3.093.613.673.673.193.943.00-10.52-14.530.82-2.84-1.26-1.37
Dividend Payout %0%0%0%0%31%0%0%0%0%0%0%0%

Reliance Power Ltd Profit & Loss Yearly Chart

Reliance Power Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:-1%
3 Years:0%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-62%
Stock Price CAGR
10 Years:-11%
5 Years:43%
3 Years:25%
1 Year:99%
Return on Equity
10 Years:0%
5 Years:-7%
3 Years:-13%
Last Year:-19%

Last Updated: June 16, 2024, 5:02 pm

Reliance Power Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2,8052,8052,7972,8052,8052,8052,8052,8052,8052,8053,4003,7353,811
Reserves14,76415,77616,67217,82717,42218,56218,43014,5729,0649,4418,1817,7809,016
Borrowings15,06527,48230,04333,21933,79032,92531,69730,45628,76125,63523,12921,23620,605
Other Liabilities6,6245,8716,1158,1759,9979,8729,24210,24512,71312,90115,10115,78414,832
Total Liabilities39,25951,93455,62662,02664,01464,16562,17458,07853,34350,78249,81248,53548,264
Fixed Assets6,5728,97613,83933,63434,51534,85134,88135,90338,57437,19036,30835,77635,227
CWIP21,79730,31032,25515,5317,3867,4036,9134,2763,6151,9122,0202,3202,359
Investments1,415401418618737992802243036373940
Other Assets9,47412,6079,39112,00121,24021,11220,10017,67511,12411,64411,44710,40110,638
Total Assets39,25951,93455,62662,02664,01464,16562,17458,07853,34350,78249,81248,53548,264

Reliance Power Ltd Reserves and Borrowings Chart

Reliance Power Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1627052,3101,3994,5744,7054,3654,2234,5434,1493,6134,024
Cash from Investing Activity -6,462-8,967-2,311-3,630-1,348-2,14235460-247486284-354
Cash from Financing Activity 6,06210,076-586695-3,194-3,389-4,311-4,839-4,200-4,615-3,849-3,623
Net Cash Flow-2381,814-587-1,53532-826408-55696194846

Reliance Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days118998015412510594122114111156130
Inventory Days
Days Payable
Cash Conversion Cycle118998015412510594122114111156130
Working Capital Days-5121-142-74-59-30-63-169-343-80-189-244
ROCE %4%4%4%5%7%8%7%7%6%7%5%3%

Reliance Power Ltd Financial Efficiency Indicators Chart

Reliance Power Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters9.06%24.98%24.98%24.98%24.98%24.98%25.00%24.99%24.99%24.50%24.50%23.24%
FIIs1.78%3.30%4.92%5.95%7.79%7.97%7.83%7.35%7.34%7.66%8.37%13.01%
DIIs4.25%3.50%3.50%3.50%3.50%3.50%3.27%3.17%3.17%5.16%5.19%4.94%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.00%
Public84.90%68.21%66.60%65.57%63.73%63.56%63.88%64.47%64.49%62.67%61.95%58.80%
No. of Shareholders34,06,52333,80,45134,78,96435,74,30935,88,31536,24,25935,85,69832,19,43230,45,99231,06,44635,67,05938,68,227

Reliance Power Ltd Shareholding Pattern Chart

No. of Reliance Power Ltd Shareholders

Reliance Power Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Large and Mid Cap Fund - Regular Plan4,039,7780.068.543,163,8402024-06-1727.69%
Motilal Oswal Nifty Microcap 250 Index Fund3,163,8401.176.693,163,8402024-06-170%
Groww Nifty Total Market Index Fund8,3400.040.023,163,8402024-06-17-99.74%

Reliance Power Ltd ROCE Trend

Reliance Power Ltd EPS Trend

Reliance Power Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-6.46-1.35-1.900.82-14.53
Diluted EPS (Rs.)-6.46-1.35-1.900.82-14.53
Cash EPS (Rs.)-2.501.691.535.48-12.25
Book Value[Excl.RevalReserv]/Share (Rs.)28.9135.5741.4249.2447.13
Book Value[Incl.RevalReserv]/Share (Rs.)28.9135.5741.4249.2447.13
Revenue From Operations / Share (Rs.)19.6520.1922.0728.2826.96
PBDIT / Share (Rs.)3.805.968.5414.3613.06
PBIT / Share (Rs.)1.153.195.3810.5010.08
PBT / Share (Rs.)-5.05-0.79-1.531.47-15.09
Net Profit / Share (Rs.)-5.15-1.08-1.641.62-15.23
NP After MI And SOA / Share (Rs.)-5.15-1.26-1.780.81-14.53
PBDIT Margin (%)19.3229.4938.7150.7848.43
PBIT Margin (%)5.8615.8024.3537.1337.37
PBT Margin (%)-25.69-3.94-6.945.19-55.95
Net Profit Margin (%)-26.20-5.34-7.415.72-56.48
NP After MI And SOA Margin (%)-26.20-6.24-8.072.88-53.90
Return on Networth / Equity (%)-17.80-4.05-4.861.86-34.34
Return on Capital Employeed (%)1.793.955.608.457.55
Return On Assets (%)-4.72-0.96-1.210.45-7.64
Long Term Debt / Equity (X)0.811.061.141.371.67
Total Debt / Equity (X)1.621.831.851.682.04
Asset Turnover Ratio (%)0.170.000.000.000.00
Current Ratio (X)0.260.270.330.350.30
Quick Ratio (X)0.210.220.280.300.24
Inventory Turnover Ratio (X)4.060.000.000.000.00
Interest Coverage Ratio (X)0.620.881.241.591.20
Interest Coverage Ratio (Post Tax) (X)0.100.440.751.170.91
Enterprise Value (Cr.)29188.1625989.4228680.4423100.6525582.37
EV / Net Operating Revenue (X)3.703.453.822.913.38
EV / EBITDA (X)19.1411.689.875.736.98
MarketCap / Net Operating Revenue (X)1.440.490.610.150.04
Price / BV (X)0.970.320.360.090.02
Price / Net Operating Revenue (X)1.440.490.610.150.04
EarningsYield-0.18-0.12-0.130.18-11.91

Reliance Power Ltd Profitability Ratios (%)

Reliance Power Ltd Liquidity Ratios

Reliance Power Ltd Liquidity Ratios (%)

Reliance Power Ltd Interest Coverage Ratios (%)

Reliance Power Ltd Valuation Ratios

Fair Value

Fair Value: 84.01

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 174.55% compared to the current price 30.6

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 142.74

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 366.48% compared to the current price ₹30.6

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 69.91%

*Investments are subject to market risks

Strength and Weakness of Reliance Power Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -118.58, which is a positive sign.
  2. The company has shown consistent growth in sales (6.85 cr) and profit (60.08 cr) over the years.
  1. The stock has a low average ROCE of 5.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 117.33, which may not be favorable.
  3. The company has higher borrowings (27,234.08) compared to reserves (13,654.38), which may suggest financial risk.

FAQ

What is the latest fair value of Reliance Power Ltd?

The latest fair value of Reliance Power Ltd is ₹84.01.

What is the Market Cap of Reliance Power Ltd?

The Market Cap of Reliance Power Ltd is 12,308 Cr..

What is the current Stock Price of Reliance Power Ltd as on 21 June 2024?

The current stock price of Reliance Power Ltd as on 21 June 2024 is ₹30.6.

What is the High / Low of Reliance Power Ltd stocks in FY 2024?

In FY 2024, the High / Low of Reliance Power Ltd stocks is 34.4/13.8.

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

The Stock P/E of Reliance Power Ltd is .

What is the Book Value of Reliance Power Ltd?

The Book Value of Reliance Power Ltd is 28.9.

What is the Dividend Yield of Reliance Power Ltd?

The Dividend Yield of Reliance Power Ltd is 0.00 %.

What is the ROCE of Reliance Power Ltd?

The ROCE of Reliance Power Ltd is 1.43 %.

What is the ROE of Reliance Power Ltd?

The ROE of Reliance Power Ltd is 19.0 %.

What is the Face Value of Reliance Power Ltd?

The Face Value of Reliance Power Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Reliance Power Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE