Reliance Power Limited (IN:RPOWER)
:RPOWER
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Reliance Power Limited
(RPOWER)
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Rating:62Neutral
Price Target:
₹31.00
▼(-13.75% Downside)
Action:ReiteratedDate:04/16/26
The score is primarily supported by improving financial performance, especially the profitability turnaround and stronger cash generation. This is tempered by mixed technicals (short-term strength but overbought signals and a weak longer-term trend) and a very expensive valuation (high P/E with no dividend yield provided).
Positive Factors
Cash flow generation
Reliance Power reported strong operating cash flow relative to net income and increased free cash flow in 2025. Durable cash generation improves self-funding for maintenance, capex and debt servicing, reducing reliance on external funding and supporting operational resilience over months.
Negative Factors
High total liabilities
Although debt has declined, the company still carries high total liabilities. Elevated leverage constrains financial flexibility, raises refinancing and interest-rate risks, and can limit ability to fund new projects or pursue renewables expansion without additional equity or costly borrowing.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash flow generation
Reliance Power reported strong operating cash flow relative to net income and increased free cash flow in 2025. Durable cash generation improves self-funding for maintenance, capex and debt servicing, reducing reliance on external funding and supporting operational resilience over months.
Read all positive factors
Reliance Power Limited (RPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹117.46B
Dividend YieldN/A
Average Volume (3M)3.17M
Price to Earnings (P/E)143.5
Beta (1Y)2.00
Revenue Growth1.43%
EPS Growth-88.43%
CountryIN
Employees1,277
SectorEnergy
Sector Strength52
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.06
Shares Outstanding4,135,771,000
10 Day Avg. Volume5,044,062
30 Day Avg. Volume3,170,589
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.05
Price to Sales (P/S)2.27
P/FCF Ratio8.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Reliance Power Limited Business Overview & Revenue Model
Company Description
Reliance Power Limited, together with its subsidiaries, engages in the generation of power in India. Its portfolio of power projects is based on coal, gas, hydro, wind, and solar energy. The company has an operational power generation capacity of ...
How the Company Makes Money
Reliance Power primarily makes money by selling electricity generated from its operating power plants. Revenue is typically earned through long-term power purchase agreements (PPAs) with utilities or other off-takers where tariffs may be capacity-...
Reliance Power Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.90B | 75.83B | 78.93B | 75.14B | 75.03B | 79.34B |
| Gross Profit | 42.45B | 40.44B | 44.54B | 41.40B | 48.13B | 51.83B |
| EBITDA | 28.98B | 25.96B | 13.70B | 20.88B | 29.39B | 38.21B |
| Net Income | 3.00B | 29.48B | -20.68B | -4.71B | -9.64B | 2.29B |
Balance Sheet | ||||||
| Total Assets | 415.87B | 412.83B | 437.60B | 485.35B | 498.12B | 507.82B |
| Cash, Cash Equivalents and Short-Term Investments | 21.05B | 9.73B | 4.72B | 2.73B | 6.74B | 3.44B |
| Total Debt | 152.32B | 151.53B | 187.66B | 212.36B | 231.29B | 256.35B |
| Total Liabilities | 250.71B | 249.46B | 321.46B | 352.48B | 364.26B | 369.68B |
| Stockholders Equity | 165.16B | 163.37B | 116.14B | 115.95B | 117.64B | 122.46B |
Cash Flow | ||||||
| Free Cash Flow | 13.21B | 19.38B | 31.74B | 36.39B | 34.17B | 40.15B |
| Operating Cash Flow | 13.66B | 19.38B | 31.74B | 40.24B | 36.13B | 41.49B |
| Investing Cash Flow | -8.96B | 4.53B | -1.92B | -3.54B | 2.84B | 4.86B |
| Financing Cash Flow | -6.25B | -24.35B | -27.34B | -36.23B | -38.49B | -46.15B |
Reliance Power Limited Technical Analysis
Neutral
35.94
Price Trends
24.84
Positive
29.90
Negative
39.99
Negative
Market Momentum
0.99
Negative
68.66
Neutral
87.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RPOWER, the sentiment is Neutral. The current price of 35.94 is above the 20-day moving average (MA) of 23.75, above the 50-day MA of 24.84, and below the 200-day MA of 39.99, indicating a neutral trend. The MACD of 0.99 indicates Negative momentum. The RSI at 68.66 is Neutral, neither overbought nor oversold. The STOCH value of 87.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RPOWER.
Reliance Power Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹4.11T | 27.80 | ― | ― | -0.67% | -12.15% | |
73 Outperform | ₹3.90T | 14.56 | ― | 2.66% | 0.88% | 10.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | ₹957.90B | 50.05 | ― | 0.41% | 55.52% | 18.59% | |
62 Neutral | ₹131.86B | 780.79 | ― | ― | -2.10% | -58.76% | |
62 Neutral | ₹117.46B | 143.50 | ― | ― | 1.43% | -88.43% | |
44 Neutral | ₹50.91B | 23.36 | ― | ― | -3.73% | -98.74% |
* Energy Sector Average
IN:RPOWER
Reliance Power Limited
29.43
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IN:RTNPOWER
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-3.24%
Reliance Power Limited Corporate Events
Reliance Power to Shut Trading Window Ahead of FY26 Results
Mar 26, 2026
Reliance Power Limited has announced that it will close its trading window for designated persons starting April 1, 2026, in line with its internal code of conduct and the Securities and Exchange Board of India’s insider trading regulations....
Reliance Power Winds Up Non-Revenue Bangladesh Subsidiary
Mar 5, 2026
Reliance Power has reported that Reliance Chittagong Power Company Limited in Bangladesh has ceased to be its wholly owned subsidiary following a voluntary winding up completed on March 4, 2026. The subsidiary contributed no revenue and only about...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.