Reliance Power Ltd.
NSE: RPOWER · Power Generation · sector
₹16.54NSE close 2026-10-26
Key numbers
Market cap₹6,841 cr
Price₹16.54
52w high / low₹48 / ₹17
P/E–Sector median 18.7x
P/B0.4xSector median 1.5x
Book value₹38.8
Dividend yield–Sector median 1.39%
ROE-2.0%Sector median 4.5%
ROCE5.0%Sector median 6.2%
OPM25.7%Sector median 33.3%
Debt / equity0.92xSector median 0.90x
EV/EBITDA10.1xSector median 9.8x
Interest cover0.9x
Current ratio0.45x
Sales growth 3y+0.3%Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,705 cr vs borrowings ₹14,812 cr (FY26): borrowings are higher by ₹13,107 cr.
- Borrowings fell in each of the last 3 years (₹21,236 cr → ₹14,812 cr).
- Operating profit covered interest 0.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Debtor days went from 76 (FY24) to 63 (FY26).
- No dividend in the last 5 financial years.
- Price ₹16.54 on 2026-10-26: -65.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹71.24 · low ₹16.54
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,760 | 1,853 | 1,978 | 1,886 | 1,974 | 1,873 | 1,887 | 1,956 |
| EBITDA | 3,606 | 492 | 590 | 565 | 618 | 604 | 195 | 562 |
| OPM % | 204.9% | 26.5% | 29.8% | 30.0% | 31.3% | 32.3% | 10.3% | 28.7% |
| Other income | 203 | 307 | 88 | 140 | 93 | 77 | 59 | 147 |
| Net profit | -1 | 42 | 126 | 45 | 87 | 23 | -494 | 65 |
| EPS (₹) | 7.17 | 0.10 | 0.31 | 0.11 | 0.21 | 0.06 | -1.19 | 0.16 |
| Revenue YoY | +12.2% | +1.1% | -4.6% | +3.8% | ||||
| Profit YoY | – | -44.2% | -493.3% | +44.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7,503 | 7,543 | 7,893 | 7,583 | 7,620 | 7,690 |
| EBITDA | 2,721 | 2,922 | 1,117 | 5,339 | 1,982 | 1,979 |
| Net profit | -606 | -471 | -2,068 | 2,948 | -337 | -319 |
| EPS (₹) | -1.88 | -1.35 | -5.46 | 7.34 | -0.82 | -0.76 |
| Revenue growth | +0.5% | +4.6% | -3.9% | +0.5% | +2.9% | |
| Profit growth | – | – | – | -111.4% | -250.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.3% | -0.8% | +2.9% |
| Net profit | – | – | -250.5% |
| EPS | – | – | – |
| Share price | – | -34.7% (2y) | -61.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 11,595 | 11,614 | 16,337 | 16,039 |
| Borrowings | – | 21,236 | 18,766 | 15,153 | 14,812 |
| Cash & equivalents | – | 685 | 954 | 973 | 1,705 |
| Total assets | – | 48,535 | 43,760 | 41,283 | 41,293 |
| Fixed assets | – | 35,734 | 33,543 | 31,827 | 30,913 |
| Capital work in progress | – | 2,320 | 1,293 | 1,387 | 1,720 |
| Investments | – | 4 | 173 | 173 | 142 |
| Receivables | – | 2,680 | 1,650 | 1,521 | 1,310 |
| Inventory | – | 925 | 961 | 927 | 1,016 |
| Payables | – | 519 | 449 | 238 | 221 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 3,613 | 4,024 | 3,174 | 1,938 | 2,824 |
| Cash from investing | 256 | -354 | -192 | 451 | -212 |
| Cash from financing | -3,849 | -3,623 | -2,734 | -2,435 | -1,828 |
| Capex | 196 | 384 | 0 | 0 | 116 |
| Free cash flow | 3,417 | 3,639 | 3,174 | 1,938 | 2,708 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -4.1% | -17.8% | 18.0% | -2.1% |
| ROCE % | – | 6.8% | 1.4% | 16.2% | 4.9% |
| Debtor days | – | 130 | 76 | 73 | 63 |
| Inventory days | – | 92 | 92 | 87 | 98 |
| Payable days | – | 52 | 43 | 22 | 21 |
| Cash conversion cycle (days) | – | 170 | 125 | 138 | 140 |
| Working capital days | – | -650 | -617 | -262 | -266 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 24.98% |
| FIIs | 13.46% |
| DIIs | 4.34% |
| of which Mutual funds | 0.54% |
| of which Insurance | 1.95% |
| Government | 0.01% |
| Public (non-institutions) | 57.21% |
| Quarter | Mar 2025 | May 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 23.26% | 24.98% | 24.98% | 24.98% | 24.98% | 24.98% | 24.98% | 24.98% |
| Promoter group | % |
|---|---|
| Reliance Infrastructure Limited | 24.90% |
| Reliance Project Ventures and Management Private Limited | 0.03% |
| Smt.kokila D. Ambani | 0.02% |
| Anil D Ambani | 0.01% |
| Tina A Ambani | 0.01% |
| JAI Anmol A Ambani | 0.01% |
| JAI Anshul A Ambani | 0.00% |
| Reliance Innoventures PVT.LTD. | 0.00% |
| Reliance Wind Turbine Installators Industries Private Limited | 0.00% |
| CLE Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Vfsi Holdings PTE. Ltd. | 4.37% |
| Life Insurance Corporation of India | 1.86% |
| Authum Investment & Infrastructure Limited | 1.79% |
| Vanguard Total International Stock Index Fund | 1.05% |
| Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds | 1.00% |
42,76,377 shareholders. Pledged: 0.00% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| RPOWER | ₹6,841 cr | – | 0.4x | -2.0% | 5.0% | 25.7% | +0.3% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2018-09-12 | Other | Annual General Meeting |
| 2017-09-14 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-11-19 | Dividend | Interim Dividend - Re 1/- Per Share |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-08-14 | Other | Annual General Meeting |
| 2012-08-23 | Other | Annual General Meeting |
| 2011-09-15 | Other | Annual General Meeting |
| 2010-09-13 | Other | Annual General Meeting |
| 2009-07-17 | Other | Annual General Meeting |
| 2008-05-30 | Bonus | Bonus 3:5 |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Electric power generation, captive coal mining: Electric power generation, captive coal mining
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | RPOWER |
| BSE code | 532939 |
| ISIN | INE614G01033 |
| Face value | ₹10.0 |
| Incorporated | 1995-01-17 |
| Website | www.reliancepower.co.in |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.