Reliance Power Ltd.

NSE: RPOWER · Power

₹18.43-1.44%06 Nov 2026

Ask the data

Instant answers about Reliance Power Ltd. — computed from its filings, no language model

Market cap₹7,622 cr

Current price₹18.43

High / Low₹47 / ₹16

P/E—

P/B0.48

Book value₹38.8

ROE-2.0%

ROCE4.9%

Debt / equity0.92

Dividend yield—

EPS (TTM)₹-0.77

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8,201	7,562	7,934	7,503	7,543	7,893	7,583	7,620
EBITDA	3,930	3,023	3,575	2,721	1,885	1,157	2,108	2,363
Operating margin	47.9%	40.0%	45.1%	36.3%	25.0%	14.7%	27.8%	31.0%
Interest	3,208	3,054	2,539	2,349	2,527	2,451	2,056	1,666
Depreciation	839	836	1,083	1,077	1,033	1,062	910	829
Profit before tax	-2,938	-4,232	412	-521	-297	-2,028	3,047	-145
Tax	18	24	-15	44	64	214	100	192
Net profit	-2,952	-4,077	229	-606	-471	-2,068	2,948	-337
EPS ₹	-10.52	-14.53	0.82	-1.88	-1.35	-5.46	7.34	-0.82
Operating cash flow	—	—	—	3,613	4,024	3,174	1,938	2,824
Capex	—	—	—	196	384	0	0	116
Dividend paid	—	—	—	0	0	0	0	0
Total assets	58,078	53,343	50,782	49,812	48,535	43,760	41,283	41,293
Equity	17,377	11,869	12,246	12,463	11,595	11,614	16,337	16,039

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	2,283	2,100	1,586	2,076	2,020	1,669	1,798	1,933	2,449	1,897	1,655	2,014	1,847	1,796	1,846	2,063	1,864	1,886	1,730	1,922	2,052	1,947	1,997	1,992	1,760	1,853	1,978	1,886	1,974	1,873	1,887	1,956
Operating profit	1,117	1,126	650	976	845	769	433	819	1,020	902	897	914	796	829	182	814	568	663	-159	621	732	-363	186	651	376	492	590	565	618	604	576	562
Operating margin	48.9%	53.6%	41.0%	47.0%	41.8%	46.1%	24.1%	42.4%	41.7%	47.6%	54.2%	45.4%	43.1%	46.2%	9.9%	39.4%	30.5%	35.1%	-9.2%	32.3%	35.7%	-18.7%	9.3%	32.7%	21.4%	26.5%	29.8%	30.0%	31.3%	32.3%	30.5%	28.7%
Other income	95	51	102	88	220	229	104	204	177	109	37	49	40	63	32	82	81	50	126	37	79	55	197	77	203	307	88	140	93	77	59	147
Interest	696	740	1,096	775	778	741	759	668	654	660	620	597	568	580	603	548	665	650	574	620	725	607	517	551	562	544	399	426	395	371	474	387
Depreciation	199	203	204	206	209	211	209	273	271	270	270	274	276	270	257	258	255	253	266	261	263	262	287	250	243	204	211	207	208	210	205	207
Profit before tax	317	235	-3,701	82	77	45	-4,436	82	273	82	48	91	-8	42	-647	89	-271	-190	164	-224	-177	-1,178	-461	-73	3,004	50	67	72	108	100	-426	116
Tax	65	46	-142	47	33	-3	-53	42	103	-7	-152	30	-5	14	4	63	33	53	-85	72	100	88	-46	25	125	8	-58	28	21	75	68	51
Net profit	253	189	-3,559	36	45	49	-4,206	-2	106	52	73	12	-49	-14	-555	-71	-340	-245	322	-296	-238	-1,137	-398	-98	-1	42	126	45	87	23	-494	65
EPS ₹	0.90	0.68	-12.69	0.13	0.16	0.18	-15.00	-0.01	0.38	0.19	0.26	0.04	-0.15	-0.05	-1.72	-0.21	-1.00	-0.86	0.92	-0.79	-0.63	-2.98	-1.03	-0.24	7.17	0.10	0.31	0.11	0.21	0.06	-1.19	0.16
Revenue YoY	—	—	—	—	-11.5%	-20.5%	13.4%	-6.9%	21.3%	13.7%	-8.0%	4.2%	-24.6%	-5.3%	11.6%	2.4%	0.9%	5.0%	-6.3%	-6.8%	10.1%	3.2%	15.4%	3.7%	-14.3%	-4.8%	-0.9%	-5.4%	12.2%	1.1%	-4.6%	3.8%
Profit YoY	—	—	—	—	-82.2%	-73.9%	—	-105.2%	134.5%	5.9%	—	—	-146.4%	-126.6%	-865.1%	-676.9%	—	—	—	—	—	—	-223.5%	—	—	—	—	—	—	-44.2%	-493.3%	44.8%

Earlier results (standalone, Jun '08 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Reliance Power Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	66	12	92	136	85	91	44
Operating profit	-103	-108	-34	5	-19	-8	-22
Operating margin	-155.1%	-895.2%	-37.5%	3.5%	-22.4%	-8.6%	-50.7%
Other income	477	239	226	233	602	386	450
Interest	60	22	115	190	162	290	407
Depreciation	3	3	16	20	17	17	15
Profit before tax	311	513	61	28	404	71	5
Tax	0	-1	5	3	1	7	3
Net profit	311	514	56	25	403	64	2

Quarters

showing latest 8 of 38 periods

	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†
Revenue	72	—	—	—	6	1	1	1	12	14	15	18	20	2	2	2	7	7	9	14	62	40	36	28	33	22	22	7	33	30	35	20	6	14	21	4	5	11
Operating profit	56	-17	-14	-29	-14	-25	-23	-28	-35	-14	-35	-22	-32	-15	-21	-18	-53	-7	-21	-17	11	-2	-2	5	4	0	-8	-9	-2	9	20	-15	-21	-13	7	-15	-1	-2
Operating margin	77.8%	—	—	—	-243.4%	-1868.9%	-1759.8%	-2083.3%	-294.9%	-99.1%	-233.6%	-123.3%	-163.4%	-813.7%	-1176.9%	-1068.0%	-796.9%	-109.8%	-241.9%	-119.0%	17.4%	-5.3%	-6.3%	18.0%	12.7%	1.5%	-37.6%	-126.0%	-5.1%	28.6%	56.5%	-75.7%	-366.1%	-93.2%	32.8%	-359.0%	-23.3%	-14.1%
Other income	6	64	128	144	95	88	211	56	89	106	189	175	7	71	68	63	37	61	65	61	40	61	60	59	54	57	64	322	159	70	66	147	103	141	156	121	33	143
Interest	—	—	—	—	—	—	—	—	19	22	24	12	2	0	1	6	14	8	13	10	85	46	48	48	47	44	40	33	45	56	79	71	85	105	109	101	92	140
Depreciation	—	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	14	5	5	5	5	4	4	4	4	4	3	8	2	4	4	4	3	4
Profit before tax	62	47	114	116	81	63	187	28	35	70	129	140	-28	55	45	445	-31	45	31	33	-47	7	5	10	6	9	12	275	108	18	5	53	-5	18	49	1	-63	-3
Tax	2	0	6	10	10	2	39	0	0	5	20	34	-58	8	9	76	-93	0	15	3	-13	0	-2	4	2	2	3	0	-3	0	0	9	-3	1	0	1	1	1
Net profit	60	47	107	106	71	61	149	28	35	65	109	107	31	47	36	369	62	45	16	30	-35	7	7	7	4	7	9	275	111	18	5	43	-2	17	49	0	-64	-4
EPS ₹	0.25	0.20	0.45	0.44	0.29	0.26	0.62	0.12	0.13	0.23	0.39	0.38	0.11	0.17	0.13	1.32	0.22	0.16	0.06	0.11	-0.12	0.03	0.03	0.02	0.01	0.03	0.03	0.98	0.40	0.07	0.02	0.15	-0.01	0.06	0.18	—	-0.23	-0.01
Revenue YoY	—	—	—	—	—	—	—	-77.6%	793.9%	939.4%	1036.4%	51.5%	—	-86.7%	-87.9%	-90.5%	-65.8%	264.8%	369.2%	757.4%	828.4%	500.9%	316.3%	92.1%	-46.9%	-43.7%	-36.8%	-73.2%	0.3%	35.0%	54.7%	164.4%	-82.5%	-53.9%	-38.5%	-78.3%	-19.7%	-22.4%
Profit YoY	—	—	—	76.9%	49.4%	-42.9%	40.6%	-59.7%	-42.9%	-56.5%	283.1%	205.8%	—	-27.5%	-67.1%	246.1%	101.8%	-4.8%	-54.8%	-91.8%	-155.7%	-83.8%	-55.1%	-77.9%	—	0.7%	25.8%	4003.9%	2755.9%	150.6%	-49.1%	-84.2%	-101.9%	-6.6%	957.8%	-99.8%	—	-121.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	-17.7%	-18.9%	-19.7%	-34.3%	-34.7%	-34.1%	-34.1%	1.9%	2.0%	0.7%	0.2%	-4.9%	-5.5%	-8.7%	-10.8%	-2.9%	-4.8%	-3.5%	-10.5%	-17.8%	-16.1%	-11.3%	-3.2%	0.4%	1.3%	1.8%	1.7%	-2.1%	-2.0%
ROCE	0.5%	0.2%	-0.2%	-3.3%	-3.6%	-3.4%	-3.5%	8.2%	8.0%	7.0%	6.7%	5.1%	5.0%	4.7%	4.3%	6.8%	6.1%	6.4%	3.3%	1.4%	1.7%	12.0%	16.0%	16.2%	16.3%	6.5%	6.1%	4.9%	4.9%
Net margin	-38.3%	-42.3%	-46.6%	-53.9%	-55.4%	-51.6%	-50.1%	2.9%	3.0%	1.2%	0.3%	-8.1%	-9.1%	-13.0%	-15.8%	-4.4%	-7.6%	-6.0%	-17.6%	-26.1%	-23.4%	-21.2%	-6.0%	0.9%	2.8%	3.9%	3.6%	-4.4%	-4.1%
EBITDA margin	48.1%	46.2%	44.1%	40.0%	38.6%	38.7%	39.3%	45.9%	46.6%	47.3%	47.0%	36.3%	34.7%	31.6%	29.1%	25.0%	22.9%	24.5%	10.9%	14.8%	15.1%	11.0%	22.4%	27.8%	27.1%	29.4%	30.8%	31.0%	30.7%
Debt / equity	1.56	1.56	1.56	2.04	2.04	2.04	2.04	2.09	2.09	2.09	2.09	1.85	1.85	2.02	2.02	1.83	1.83	1.60	1.60	1.62	1.62	1.04	1.04	0.93	0.93	0.92	0.92	0.92	0.92
Interest coverage	0.07	0.02	-0.03	-0.39	-0.44	-0.43	-0.46	1.19	1.20	1.09	1.07	0.78	0.77	0.67	0.59	0.91	0.79	0.83	0.44	0.17	0.21	1.58	2.16	2.48	2.65	1.17	1.22	0.91	0.94
Asset turnover	0.14	0.13	0.13	0.14	0.14	0.15	0.15	0.16	0.16	0.15	0.14	0.15	0.15	0.15	0.15	0.16	0.15	0.16	0.16	0.18	0.18	0.19	0.19	0.18	0.18	0.18	0.19	0.18	0.19

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	2,797	2,805	2,805	2,805	2,805	2,805	2,805	2,805	3,400	3,400	3,735	3,811	4,017	4,017	4,017	4,136	4,136
Other equity / reserves	16,672	17,827	17,422	18,562	18,430	14,572	9,064	9,441	9,062	7,859	7,860	9,096	7,597	10,376	12,320	12,380	11,904
Total equity	19,468	20,632	20,227	21,368	21,235	17,377	11,869	12,246	12,463	11,259	11,595	12,907	11,614	14,393	16,337	16,516	16,039
Borrowings	27,714	30,781	31,635	29,935	28,023	27,030	24,172	25,635	23,114	22,750	21,236	20,605	18,766	14,903	15,153	15,232	14,812
Current liabilities	7,047	10,076	10,580	11,930	12,284	18,208	15,954	15,928	17,225	18,962	18,374	19,095	17,882	12,909	9,636	9,958	10,181
Non-current liabilities	29,109	31,316	33,207	30,868	28,655	22,492	24,168	21,040	18,502	17,858	16,874	16,262	14,252	13,738	15,309	15,113	15,073
Total assets	55,626	62,026	64,014	64,165	62,174	58,078	53,343	50,782	49,812	49,790	48,535	48,264	43,760	41,040	41,283	41,587	41,293
Property, plant & equipment	13,774	33,574	34,469	34,794	34,827	35,852	38,526	37,145	36,264	36,151	35,734	35,186	33,543	31,158	31,827	31,515	30,913
Capital work-in-progress	32,255	15,531	7,386	7,403	6,913	4,276	3,615	1,912	2,020	2,289	2,320	2,359	1,293	1,318	1,387	1,505	1,720
Investments	141	861	873	799	280	224	30	36	37	37	39	40	209	210	173	142	142
Inventories	623	1,047	1,124	1,029	729	1,012	1,014	874	828	893	925	860	961	845	927	768	1,016
Receivables	1,138	2,911	3,525	2,988	2,478	2,738	2,361	2,410	3,214	6,483	2,680	2,905	1,650	1,835	1,521	1,343	1,310
Cash & equivalents	2,641	1,171	1,002	176	585	29	125	144	165	152	239	202	486	319	440	285	1,224

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	2,310	1,399	4,574	4,705	4,365	4,223	4,543	4,149	3,613	4,024	3,174	1,938	2,824
Cash from investing	-2,473	-3,630	-1,348	-2,142	354	60	-247	486	256	-354	-192	451	-212
Cash from financing	-586	695	-3,194	-3,389	-4,311	-4,839	-4,200	-4,615	-3,849	-3,623	-2,734	-2,435	-1,828
Capex	4,417	2,167	2,031	601	460	49	544	134	196	384	0	0	116
Free cash flow	-2,106	-768	2,542	4,105	3,905	4,175	3,998	4,015	3,417	3,639	3,174	1,938	2,708
Dividends paid	—	0	280	—	—	—	—	—	0	0	0	0	0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹30,913 cr75%

CWIP

₹1,720 cr4%

Investments

₹142 cr0%

Inventories

₹1,016 cr2%

Receivables

₹1,310 cr3%

Cash & equivalents

₹1,224 cr3%

Other assets

₹4,966 cr12%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%
Reliance Power Ltd.	7,622	18.43	—	0.48	-2.0%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-9.3%

6 months-36.7%

1 year-60.2%

3Y CAGR-1.5%

5Y CAGR+5.5%

10Y CAGR-4.7%

50-day avg₹20.02

200-day avg₹24.37

RSI (14)48

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FAQs

What is the share price of Reliance Power Ltd.?

Reliance Power Ltd. (RPOWER) closed at ₹18.43 on NSE on 06 Nov 2026.

What is the market cap of Reliance Power Ltd.?

₹7,622 crore at the latest close.

How fast is Reliance Power Ltd. growing?

Reliance Power Ltd.: revenue has compounded at 0.3% a year over three years. Latest-quarter revenue is up 3.8% year on year, profit up 44.8%.

How profitable is Reliance Power Ltd.?

On a trailing-twelve-month basis return on equity is -2.0%, return on capital employed 4.9%, operating margin 30.7%, net margin -4.1%.

How much debt does Reliance Power Ltd. have?

Reliance Power Ltd. is moderately geared: debt to equity is 0.92 with borrowings of ₹14,812 cr against cash of ₹1,224 cr (balance sheet of 2026-03-31). Operating profit covers interest 0.9 times.

Financials parsed from Reliance Power Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.