Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532939 | NSE: RPOWER

Reliance Power Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.50Overvalued by 48.66%vs CMP ₹22.40

P/E (32.7) × ROE (1.1%) × BV (₹39.90) × DY (2.00%)

₹23.11Fairly Valued by 3.17%vs CMP ₹22.40
MoS: +3.1% (Thin)Confidence: 37/100 (Low)Models: 3 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹15.5531%Over (-30.6%)
Graham NumberEarnings₹24.8919%Under (+11.1%)
Net Asset ValueAssets₹40.0310%Under (+78.7%)
EV/EBITDAEnterprise₹22.2613%Fair (-0.6%)
Earnings YieldEarnings₹6.9010%Over (-69.2%)
ROCE CapitalReturns₹54.1810%Under (+141.9%)
Revenue MultipleRevenue₹9.198%Over (-59%)
Consensus (7 models)₹23.11100%Fairly Valued
Key Drivers: EPS CAGR 35.3% lifts DCF — verify sustainability. | ROE 1.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 35.3%

*Investments are subject to market risks

Investment Snapshot

38
Reliance Power Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health22/100 · Weak
ROCE 6.2% WeakROE 1.1% WeakD/E 1.68 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money60/100 · Moderate
FII holding up 0.04% (6mo) Slight increasePromoter holding at 25.0% Stable
Earnings Quality40/100 · Moderate
OPM contracting (31% → 22%) Declining
Quarterly Momentum50/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): -88% YoY DecliningOPM: 32.0% (up 5.0% YoY) Margin expansion
Industry Rank35/100 · Weak
P/E 32.7 vs industry 41.9 In-lineROCE 6.2% vs industry 9.0% AverageROE 1.1% vs industry 11.7% Below peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:22 am

Market Cap 9,243 Cr.
Current Price 22.4
Intrinsic Value₹23.11
High / Low 76.5/20.2
Stock P/E32.7
Book Value 39.9
Dividend Yield0.00 %
ROCE6.15 %
ROE1.08 %
Face Value 10.0
PEG Ratio0.93

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Reliance Power Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Reliance Power Ltd 9,243 Cr. 22.4 76.5/20.232.7 39.90.00 %6.15 %1.08 % 10.0
Jaiprakash Power Ventures Ltd 10,239 Cr. 14.9 27.7/12.516.5 18.60.00 %10.3 %6.85 % 10.0
GMR Power & Urban Infra Ltd 7,681 Cr. 98.4 141/89.0 19.70.00 %13.2 %% 5.00
PTC India Ltd 4,953 Cr. 167 207/1437.96 1976.99 %11.5 %12.3 % 10.0
Rattanindia Power Ltd 4,457 Cr. 8.30 16.9/7.5032.9 8.460.00 %8.69 %4.96 % 10.0
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of Reliance Power Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,8861,7301,9222,0381,9441,9971,9921,7601,8531,9781,8861,9741,873
Expenses 1,2231,8891,3011,3182,3071,8111,3421,3841,3611,3881,3211,3561,269
Operating Profit 663-159621720-364186651376492590565618604
OPM % 35%-9%32%35%-19%9%33%21%27%30%30%31%32%
Other Income 491,17037117175175773,433307881409377
Interest 650574620716602517551562544399426395371
Depreciation 253266261259258287250243204211207208210
Profit before tax -192171-224-138-1,048-444-733,004506772108100
Tax % 28%-50%32%72%8%-10%34%4%16%-87%38%19%75%
Net Profit -245257-296-238-1,137-398-982,87842126458725
EPS in Rs -0.800.86-0.79-0.64-3.04-0.99-0.247.160.100.310.110.210.06

Last Updated: February 4, 2026, 10:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5,1756,90310,29910,3969,5938,2017,5627,9347,5037,5147,8937,5837,710
Expenses 3,2584,3175,8845,8895,1994,2684,5364,3594,7685,6286,7335,4415,334
Operating Profit 1,9172,5874,4144,5064,3933,9343,0273,5752,7351,8861,1602,1422,377
OPM % 37%37%43%43%46%48%40%45%36%25%15%28%31%
Other Income 370298323496276-2,823-3,3844861921,2964993,871397
Interest 6841,0742,6832,8432,9263,2063,0542,5392,7212,5042,4512,0561,591
Depreciation 3645247017347598388361,0831,0771,0171,062910835
Profit before tax 1,2391,2861,3531,425984-2,934-4,248439-871-339-1,8543,048348
Tax % 17%20%34%23%15%1%1%-3%5%19%12%3%
Net Profit 1,0271,0288951,104840-2,952-4,271454-915-403-2,0682,948283
EPS in Rs 3.673.673.193.943.00-10.52-14.530.82-2.84-1.26-5.157.340.69
Dividend Payout % 0%0%31%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.10%-12.94%23.35%-23.91%-451.43%-44.68%110.63%-301.54%55.96%-413.15%242.55%
Change in YoY Net Profit Growth (%)0.00%-13.04%36.29%-47.26%-427.52%406.75%155.31%-412.17%357.50%-469.11%655.70%

Reliance Power Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:0%
3 Years:0%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:23%
TTM:99%
Stock Price CAGR
10 Years:2%
5 Years:70%
3 Years:28%
1 Year:51%
Return on Equity
10 Years:-1%
5 Years:-7%
3 Years:-10%
Last Year:-1%

Last Updated: September 5, 2025, 11:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:41 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2,7972,8052,8052,8052,8052,8052,8052,8053,4003,7354,0174,0174,136
Reserves 16,67217,82717,42218,56218,43014,5729,0649,4418,3647,8607,59712,32012,380
Borrowings 30,04333,21933,79032,92531,69730,45628,80425,63523,12921,23618,76615,15315,232
Other Liabilities 6,1158,1759,9979,8729,24210,24512,67112,90114,91915,70413,3789,7939,840
Total Liabilities 55,62662,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,587
Fixed Assets 13,83933,63434,51534,85134,88135,90338,57437,19036,30835,77633,58431,85931,546
CWIP 32,25515,5317,3867,4036,9134,2763,6151,9122,0202,3201,2931,3871,505
Investments 14186187379928022430363739209173142
Other Assets 9,39112,00121,24021,11220,10017,67511,12411,64411,44710,4018,6727,8648,394
Total Assets 55,62662,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,587

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,3101,3994,5744,7054,3654,2234,5434,1493,6134,0243,1741,938
Cash from Investing Activity + -2,311-3,630-1,348-2,14235460-247486284-354-192451
Cash from Financing Activity + -586695-3,194-3,389-4,311-4,839-4,200-4,615-3,849-3,623-2,734-2,435
Net Cash Flow -587-1,53532-826408-55696194846248-46
Free Cash Flow -2,103-7612,5444,1303,9184,1803,9984,0153,4173,6393,2252,091
CFO/OP 131%54%109%106%104%108%154%117%134%216%277%92%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-29.00-31.00-29.00-28.00-27.00-27.00-25.00-22.00-21.00-20.00-17.00-13.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 80154125105941221141111561307673
Inventory Days
Days Payable
Cash Conversion Cycle 80154125105941221141111561307673
Working Capital Days -245-209-162-158-209-567-551-485-622-682-661-309
ROCE %4%5%7%8%7%7%6%7%5%3%1%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 24.99%24.99%24.50%24.50%23.24%23.24%23.27%23.27%23.27%24.98%24.98%24.98%
FIIs 7.35%7.34%7.66%8.37%13.01%12.71%13.12%12.95%13.21%12.93%13.09%13.25%
DIIs 3.17%3.17%5.16%5.19%4.94%3.06%2.88%2.80%3.29%3.61%3.75%3.05%
Government 0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 64.47%64.49%62.67%61.95%58.81%60.99%60.72%60.97%60.22%58.48%58.18%58.69%
No. of Shareholders 32,19,43230,45,99231,06,44635,67,05938,68,22740,90,48140,44,00041,89,89741,77,54943,93,67243,51,10743,67,838

Shareholding Pattern Chart

No. of Shareholders

Reliance Power Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Large and Mid Cap Fund - Regular Plan 4,039,778 0.06 8.544,039,7782025-04-22 17:25:250%
Motilal Oswal Nifty Microcap 250 Index Fund 3,163,840 1.17 6.693,163,8402025-04-22 17:25:250%
Groww Nifty Total Market Index Fund 8,340 0.04 0.028,3402025-04-22 17:25:250%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.34-5.46-1.35-1.900.82
Diluted EPS (Rs.) 7.205.46-1.35-1.900.82
Cash EPS (Rs.) 9.60-2.501.691.535.48
Book Value[Excl.RevalReserv]/Share (Rs.) 40.6728.9135.5741.4249.24
Book Value[Incl.RevalReserv]/Share (Rs.) 40.6728.9135.5741.4249.24
Revenue From Operations / Share (Rs.) 18.8819.6520.1922.0728.28
PBDIT / Share (Rs.) 6.933.805.968.5414.36
PBIT / Share (Rs.) 4.661.153.195.3810.50
PBT / Share (Rs.) 7.59-5.05-0.79-1.531.47
Net Profit / Share (Rs.) 7.34-5.15-1.08-1.641.62
NP After MI And SOA / Share (Rs.) 7.34-5.15-1.26-1.780.81
PBDIT Margin (%) 36.6919.3229.4938.7150.78
PBIT Margin (%) 24.695.8615.8024.3537.13
PBT Margin (%) 40.18-25.69-3.94-6.945.19
Net Profit Margin (%) 38.87-26.20-5.34-7.415.72
NP After MI And SOA Margin (%) 38.87-26.20-6.24-8.072.88
Return on Networth / Equity (%) 18.04-17.80-4.05-4.861.86
Return on Capital Employeed (%) 5.911.793.955.608.45
Return On Assets (%) 7.14-4.72-0.96-1.210.45
Long Term Debt / Equity (X) 0.620.811.061.141.37
Total Debt / Equity (X) 0.921.621.831.851.68
Asset Turnover Ratio (%) 0.170.170.000.000.00
Current Ratio (X) 0.440.260.270.330.35
Quick Ratio (X) 0.340.210.220.280.30
Inventory Turnover Ratio (X) 8.030.000.000.000.00
Interest Coverage Ratio (X) 1.350.620.881.241.59
Interest Coverage Ratio (Post Tax) (X) 0.860.100.440.751.17
Enterprise Value (Cr.) 31448.7129188.1625989.4228680.4423100.65
EV / Net Operating Revenue (X) 4.153.703.453.822.91
EV / EBITDA (X) 11.3019.1411.689.875.73
MarketCap / Net Operating Revenue (X) 2.281.440.490.610.15
Price / BV (X) 1.060.970.320.360.09
Price / Net Operating Revenue (X) 2.281.440.490.610.15
EarningsYield 0.17-0.18-0.12-0.130.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 4016.98 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionReliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Neeraj ParakhExecutive Director & CEO
Mr. Ashok Kumar PalExecutive Director & CFO
Mr. Harmanjit Singh NagiInd. Non-Executive Director
Mr. Vijay Kumar SharmaInd. Non-Executive Director
Mr. Ashok RamaswamyInd. Non-Executive Director
Mr. Sachin MohapatraInd. Non-Executive Director
Dr. Vijayalakshmy GuptaInd. Non-Executive Director
Dr. Thomas MathewInd. Non-Executive Director

FAQ

What is the intrinsic value of Reliance Power Ltd and is it undervalued?

As of 18 April 2026, Reliance Power Ltd's intrinsic value is ₹23.11, which is 3.17% higher than the current market price of ₹22.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.08 %), book value (₹39.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Reliance Power Ltd?

Reliance Power Ltd is trading at ₹22.40 as of 18 April 2026, with a FY2026-2027 high of ₹76.5 and low of ₹20.2. The stock is currently near its 52-week low. Market cap stands at ₹9,243 Cr..

How does Reliance Power Ltd's P/E ratio compare to its industry?

Reliance Power Ltd has a P/E ratio of 32.7, which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is Reliance Power Ltd financially healthy?

Key indicators for Reliance Power Ltd: ROCE of 6.15 % is on the lower side compared to the industry average of 8.95%; ROE of 1.08 % is below ideal levels (industry average: 11.73%). Dividend yield is 0.00 %.

Is Reliance Power Ltd profitable and how is the profit trend?

Reliance Power Ltd reported a net profit of ₹2,948 Cr in Mar 2025 on revenue of ₹7,583 Cr. Compared to ₹-915 Cr in Mar 2022, the net profit shows an improving trend.

Does Reliance Power Ltd pay dividends?

Reliance Power Ltd has a dividend yield of 0.00 % at the current price of ₹22.40. The company is currently not paying meaningful dividends.

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
Explore Industry-wise Stock Analysis Reports