Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 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

Reliance Power Ltd. Share Price Update

Share PriceValue
Today₹25.50
Previous Day₹25.59

Basic Stock Data of Reliance Power Ltd

Market Cap 9,090 Cr.
Current Price 23.8
High / Low33.2/9.05
Stock P/E
Book Value 34.3
Dividend Yield0.00 %
ROCE3.42 %
ROE11.8 %
Face Value 10.0

Data Source: screener.in

Competitors of Reliance Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
India Power Corporation Ltd 2,011 Cr. 20.628.0/9.10138 10.40.23 %3.77 %1.14 % 1.00
NLC India Ltd 33,993 Cr. 245294/69.713.2 1191.43 %13.5 %15.5 % 10.0
KKV Agro Powers Ltd 70.3 Cr. 1,2401,365/54356.7 3820.40 %12.2 %5.89 % 10.0
Reliance Infrastructure Ltd 8,955 Cr. 226252/131 2420.00 %8.95 %0.67 % 10.0
Tata Power Company Ltd 1,20,624 Cr. 378413/18235.2 94.30.53 %11.7 %12.6 % 1.00
Industry Average33,130.66 Cr421.9248.62169.540.52%10.02%7.16%6.40

Reliance Power Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,4491,8971,6552,0141,8471,7961,8462,0631,8641,8861,7301,9222,052
Expenses1,4291,0108031,0991,0519671,6641,2491,2961,2231,8891,3011,320
Operating Profit1,020888852914796829182814568663-159621732
OPM %42%47%51%45%43%46%10%39%30%35%-9%32%36%
Other Income17710941494863324473491,17037117
Interest654646620597652663603638665650574620725
Depreciation271270270274276270257258255253266261263
Profit before tax27381291-84-41-647-39-280-192171-224-138
Tax %38%-9%-6,392%33%6%-35%-1%-162%-12%-28%-50%-32%-72%
Net Profit1708915461-79-55-651-102-313-245257-296-238
EPS in Rs0.380.190.260.04-0.39-0.29-1.63-0.47-1.00-0.800.86-0.79-0.64

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:-5%
3 Years:0%
TTM:0%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-125%
Stock Price CAGR
10 Years:-8%
5 Years:20%
3 Years:106%
1 Year:144%
Return on Equity
10 Years:2%
5 Years:-3%
3 Years:-6%
Last Year:-12%

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters9.06%9.06%24.98%24.98%24.98%24.98%24.98%25.00%24.99%24.99%24.50%24.50%
FIIs2.15%1.78%3.30%4.92%5.95%7.79%7.97%7.83%7.35%7.34%7.66%8.37%
DIIs4.25%4.25%3.50%3.50%3.50%3.50%3.50%3.27%3.17%3.17%5.16%5.19%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public84.52%84.90%68.21%66.60%65.57%63.73%63.56%63.88%64.47%64.49%62.67%61.95%
No. of Shareholders31,30,55234,06,52333,80,45134,78,96435,74,30935,88,31536,24,25935,85,69832,19,43230,45,99231,06,44635,67,059

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)
HDFC Large and Mid Cap Fund - Regular Plan40397780.068.54
Motilal Oswal Nifty Microcap 250 Index Fund31638401.176.69
Groww Nifty Total Market Index Fund83400.040.02

Reliance Power Ltd ROCE Trend

Reliance Power Ltd EPS Trend

Reliance Power Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.35-1.900.82-14.53-14.15
Diluted EPS (Rs.)-1.35-1.900.82-14.53-10.52
Cash EPS (Rs.)1.691.535.48-12.25-7.53
Book Value[Excl.RevalReserv]/Share (Rs.)35.5741.4249.2447.1361.95
Book Value[Incl.RevalReserv]/Share (Rs.)35.5741.4249.2447.1361.95
Revenue From Operations / Share (Rs.)20.1922.0728.2826.9629.24
PBDIT / Share (Rs.)5.968.5414.3613.0615.34
PBIT / Share (Rs.)3.195.3810.5010.0812.35
PBT / Share (Rs.)-0.79-1.531.47-15.09-10.32
Net Profit / Share (Rs.)-1.08-1.641.62-15.23-10.52
NP After MI And SOA / Share (Rs.)-1.26-1.780.81-14.53-10.52
PBDIT Margin (%)29.4938.7150.7848.4352.45
PBIT Margin (%)15.8024.3537.1337.3742.23
PBT Margin (%)-3.94-6.945.19-55.95-35.30
Net Profit Margin (%)-5.34-7.415.72-56.48-35.99
NP After MI And SOA Margin (%)-6.24-8.072.88-53.90-35.99
Return on Networth / Equity (%)-4.05-4.861.86-34.34-16.98
Return on Capital Employeed (%)3.955.608.457.558.68
Return On Assets (%)-0.96-1.210.45-7.64-5.08
Long Term Debt / Equity (X)1.061.141.371.671.04
Total Debt / Equity (X)1.831.851.682.041.56
Current Ratio (X)0.270.330.350.300.33
Quick Ratio (X)0.220.280.300.240.27
Interest Coverage Ratio (X)0.881.241.591.201.34
Interest Coverage Ratio (Post Tax) (X)0.440.751.170.911.07
Enterprise Value (Cr.)25989.4228680.4423100.6525582.3729945.42
EV / Net Operating Revenue (X)3.453.822.913.383.65
EV / EBITDA (X)11.689.875.736.986.96
MarketCap / Net Operating Revenue (X)0.490.610.150.040.38
Price / BV (X)0.320.360.090.020.18
Price / Net Operating Revenue (X)0.490.610.150.040.38
EarningsYield-0.12-0.130.18-11.91-0.92

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 of Reliance Power Ltd Stock

Fair Value: ₹61.93

The stock is undervalued by 160.19% compared to the current price ₹23.8

*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 is trading at a high valuation with an average P/B ratio of 8.30 and average Dividend Yield of 31.38%.
  2. The stock has a low average ROCE of 5.58%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 117.33, which may not be favorable.
  4. The company has higher borrowings (27,234.08) compared to reserves (13,654.38), which may suggest financial risk.

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