RPOWERPower

Reliance Power Limited

Power Generation · ISIN INE614G01033 · BSE 532939 · NSE EQ · FV ₹10
Last price
₹21
+1.30%today
What this company does

Reliance Power Limited operates in Power Generation, part of the Power sector. It booked ₹1,956 cr of revenue in its latest quarter (Q1 FY27) and kept 3.3% of sales as profit.

In the report:
35out of 100
Equitytale Health Score
Strained

Healthier than 35% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 19–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns8

How much profit it earns on the money it employs

Balance sheet36

How much it owes, and whether earnings cover the interest

Cash quality45

Whether reported profit actually arrives as cash

Growth & consistency16

Whether sales and profit have grown, and how steadily

Valuation53

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 45% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.3% net margin
! Low 1.6% return on equity

What if I invest in RPOWER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹21 +1.30%
latest close · 2026-09-17
1-year return
+90.5%
52-wk low ₹1152-wk high ₹25
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio32.9High
LowAverageHigh
P/B ratio0.54Below book
Below bookModerateHigh
EV / EBITDA7.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.6%Weak
WeakFairStrong ▸15%
Return on capital6.5%Weak
WeakFairStrong
Net margin3.3%Thin
ThinDecentStrong
EBITDA margin36.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.92Moderate
LowModerateHigh ▸1
Interest cover1.3×Risky
RiskyOkayStrong ▸5×
Current ratio0.45Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹8,706 cr
Book value
₹39
EPS
₹0.16
latest quarter
Net debt
₹13,588 cr
owes more than its cash
Enterprise value
₹22,293 cr
EBITDA
₹2,839 cr
annualised
EBIT
₹2,010 cr
annualised
Operating margin
25.7%
Return on assets
0.6%
Earnings yield
3.04%
P/S
1.11
Sales / share
₹18.9
Tax rate
44.2%
Face value
₹10
Shares
413.6 cr
Working capital
₹-5,563 cr
Current assets
₹4,618 cr
Current liabilities
₹10,181 cr
Delivery %
32.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹11₹11, midpoint ₹11

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,956 cr
Other Income₹147 cr
Total Income₹2,104 cr
Cost of Materials₹1,032 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹65 cr
Finance Costs₹387 cr
Depreciation & Amortisation₹207 cr
Other Expenses₹297 cr
Total Expenses₹1,988 cr
Profit before Tax₹116 cr
Tax Expense₹51 cr
Net Profit₹65 cr
Net margin on total income3.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,032 cr49.1%
Employee benefit expense₹65 cr3.1%
Finance costs₹387 cr18.4%
Depreciation & amortisation₹207 cr9.9%
Other expenses₹297 cr14.1%
Tax expense₹51 cr2.4%
Profit for the period₹65 cr3.1%
Total income ₹2,104 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,873 cr1,887 cr1,956 cr
Total income1,950 cr1,946 cr2,104 cr
Expenses1,850 cr1,990 cr1,988 cr
Profit before tax100 cr-426 cr116 cr
Tax75 cr68 cr51 cr
Net profit (owners' share)23 cr-494 cr65 cr
Net margin (owners' share, on revenue)1.3%-26.2%3.3%
EPS (₹)0.06-1.190.16
YoY (latest quarter): total income +3.9% · net profit +44.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹41,293 cr
Shareholder equity
₹16,039 cr
parent shareholders
Total debt
₹14,812 cr
Cash
₹1,224 cr
Cash flow · H1 FY26
Operating
₹1,366 cr
Investing
₹-896 cr
Financing
₹-625 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 19 Nov 2015
ActionDetailEx-date
Dividend₹1 / share19 Nov 2015
Who owns it · 2026-06-30
No pledge
Promoter
25.0%
FII / Foreign
13.6%
DII / Domestic
2.8%
Retail / others
58.6%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldReliance Wind Turbine Installators Industries Private Limited · Promoter Group3.86 cr · ₹54.6 cr13 Jan 23
SoldReliance Infrastructure Limited · Promoters39.49 cr13 Jan 23
SoldReliance Infrastructure Limited · Promoters10.65 cr · ₹106.5 cr13 Jan 23
Bulk / block deals
short · NSE2715 Sep 26
short · NSE642 Sep 26
short · NSE1,00026 Aug 26
Stake changes
BoughtVSFI Holdings Pte. Ltd→ 5.40% · 20.58 cr13 Mar 24
SoldReliance Infrastructure Limited, Reliance Projects Ventures and Management Private Limited, Reliance Wind Turbine Installators Industries Private Limited, Reliance Capital Limited, CLE Private Limited, Shri Anil D Ambani, Smt. Tina A. Ambani, Shri Jai Anmol A Ambani, Shri Jai Anshul A Ambani and Smt. Kokila D Ambani · promoter→ 22.79% · 8.01 cr13 Jan 23
BoughtReliance Infrastructure Limited, Reliance Projects Ventures and Management Private Limited, Reliance Wind Turbine Installators Industries Private Limited, Reliance Capital Limited, CLE Private Limited, Shri Anil D Ambani, Smt. Tina A. Ambani, Shri Jai Anmol A Ambani, Shri Jai Anshul A Ambani and Smt. Kokila D Ambani · promoter→ 24.99% · 10.65 cr13 Jan 23
Promoter pledges
InvokedLender - Creative Ashtech Engineering Projects Private Limited3.86 cr · 1.06% held13 Jan 23
PledgedLender - Creative Ashtech Engineering Projects Private Limited3.86 cr · 0.00% held12 Jan 23
InvokedLender - Citi Securities and Financial Services Private Limited4.15 cr · 1.14% held12 Jan 23
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 14 Aug 2026
See the official result
1
To consider and adopt: a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon, and b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of the Auditors thereon.
⚑ Passed only because promoters voted yes
Backed by 48% of shareholders other than promotersneeded 50%
30.45 cr votes for, 33.11 cr against · 56% of mutual funds and other big investors said no
2
To appoint a Director in place of Shri Sachin Mohapatra (DIN: 07791421), who retires by rotation under the provisions of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Backed by 98% of shareholders other than promotersneeded 50%
70.74 cr votes for, 1.42 cr against · 2% of mutual funds and other big investors said no
3
Appointment of Statutory Auditors and fix their remuneration.
Backed by 100% of shareholders other than promotersneeded 50%
72.14 cr votes for, 2.45 L against · 0% of mutual funds and other big investors said no
4
Remuneration to Cost Auditors.
Backed by 100% of shareholders other than promotersneeded 50%
72.14 cr votes for, 2.55 L against · 0% of mutual funds and other big investors said no
6
Issue of securities through Qualified Institutions Placement.
⚑ Passed only because promoters voted yes
Backed by 56% of shareholders other than promotersneeded 75%
40.63 cr votes for, 31.54 cr against · 47% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 25.0% between them · as of 2026-06-30
RELIANCE INFRASTRUCTURE LIMITED24.90%
RELIANCE PROJECT VENTURES AND MANAGEMENT PRIVATE LIMITED0.03%
SMT.KOKILA D. AMBANI0.02%
ANIL D AMBANI0.01%
JAI ANMOL A AMBANI0.01%
TINA A AMBANI0.01%
CLE Private Limitedno shares
JAI ANSHUL A AMBANIno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹7,583 cr revenue.
ANIL D AMBANI
Description Of Nature Of Related Party Relationship · As per Related Party Notes
also owns 0.01% of the company
₹0 L
company received
RELIANCE INFRASTRUCTURE LIMITED
Description Of Nature Of Related Party Relationship · As per Related Party Notes
also owns 24.90% of the company
₹0 L
company received

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹25 cr raised in May 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

₹25 cr raised in May 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.