āagman

Reliance Power Ltd

NSE: RPOWER
₹17.27
−₹0.62 (−3.47%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹7,730 Cr
CMP
₹17.27
52-wk High / Low
₹48 / 17
P/E
2,153.0
P/B
0.5
Book Value
₹38.8
Div Yield
0.00%
ROCE
6.0%
ROE
−0.9%
Face Value
₹10
D/E
0.92

Price−61.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
ROIC
5.0%
vs 5.6% sector median
Cash flow to profit
−8.38
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−123
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
−0.9%
ROE × earnings retention ratio
ROE stability
11.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.18DII +1.55
Latest quarter vs the previous one
Cash-accrual divergence
−7.7%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 56.2% since FY2016 (33790 to 14812)
+FII holding rose by 0.4pp over the last year
Watch-outs
−Latest ROCE of 6% trails the sector median of 9%
−Price trades below its 200-day moving average (0.7x)
−Price is 63.8% below its 52-week high
−Annualised volatility of 45.1% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,9222,0381,9441,9971,9921,7601,8531,9781,8861,9741,8731,8871,956
Expenses1,3011,3182,3071,8111,3421,3841,3611,3881,3211,3561,2691,3111,394
Operating Profit621720−364186651376492590565618604576562
OPM %32.3%35.3%−18.7%9.3%32.7%21.4%26.6%29.8%30.0%31.3%32.2%30.5%28.7%
Other Income37117175175773,433307881409377−323147
Interest620716602517551562544399426395371474387
Depreciation261259258287250243204211207208210205207
Profit before tax−224−138−1,048−444−733,004506772108100−426116
Net Profit−296−238−1,137−398−982,87842126458725−49465
EPS (₹)−0.79−0.64−3.04−0.99−0.247.160.100.310.110.210.06−1.190.16

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,90310,29910,3969,5938,2017,5627,9347,5037,5147,8937,5837,6207,690
Expenses4,3175,8845,8895,1994,2684,5364,3594,7685,6286,7335,4415,2555,330
Operating Profit2,5874,4144,5064,3933,9343,0273,5752,7351,8861,1602,1422,3652,361
OPM %37.5%42.9%43.3%45.8%48.0%40.0%45.1%36.5%25.1%14.7%28.2%31.0%30.7%
Other Income298323496276−2,823−3,3844861921,2964993,871−14−5
Interest1,0742,6832,8432,9263,2063,0542,5392,7212,5042,4512,0561,6661,627
Depreciation5247017347598388361,0831,0771,0171,062910829830
Profit before tax1,2861,3531,425984−2,934−4,248439−871−339−1,8543,048−145−101
Net Profit1,0288951,104840−2,952−4,271454−915−403−2,0682,948−337−317
EPS (₹)3.673.193.943.00−10.52−14.530.82−2.84−1.26−5.157.34−0.81−0.76

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital2,8052,8052,8052,8052,8052,8052,8053,4003,7354,0174,0174,136—
Reserves17,82717,42218,56218,43014,5729,0649,4418,3647,8607,59712,32011,904—
Borrowings33,21933,79032,92531,69730,45628,80425,63523,12921,23618,76615,15314,812—
Other Liabilities8,1759,9979,8729,24210,24512,67112,90114,91915,70413,3789,79310,441—
Total Liabilities62,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,293—
Fixed Assets33,63434,51534,85134,88135,90338,57437,19036,30835,77633,58431,85930,944—
CWIP15,5317,3867,4036,9134,2763,6151,9122,0202,3201,2931,3871,720—
Investments86187379928022430363739209173142—
Other Assets12,00121,24021,11220,10017,67511,12411,64411,44710,4018,6727,8648,486—
Total Assets62,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,293—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2,3101,3994,5744,7054,3654,2234,5434,1493,6134,0243,1741,9382,824
Cash from Investing Activity−2,311−3,630−1,348−2,14235460−247486284−354−192451−212
Cash from Financing Activity−586695−3,194−3,389−4,311−4,839−4,200−4,615−3,849−3,623−2,734−2,435−1,828
Net Cash Flow−587−1,53532−826408−55696194846248−46785

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.05.07.08.07.07.06.07.05.03.01.06.06.0
ROE %————————————−0.9
EPS (₹)3.673.673.193.943.00−10.52−14.530.82−2.84−1.26−5.157.34−0.76
Book Value (₹)————————————38.8
Face Value (₹)————————————10
P/E————————————2,153.0
Div Yield %————————————0.00
NPM %19.814.38.410.18.5−54.9−102.25.4−11.9−4.6−24.625.7−4.4
OPM %37.037.043.043.046.048.040.045.036.025.015.028.031.0
D/E1.541.611.671.541.491.752.432.091.971.831.620.930.92
P/B————————————0.5

Growth

As of 18 Oct 2026
Compounded sales growth
10 years−3.0%
5 years−1.0%
3 years+0.0%
TTM+3.0%
Compounded profit growth
3 years+24.0%
TTM+125.0%
Stock price CAGR
10 years−9.0%
5 years+3.0%
3 years+0.0%
Last year−58.0%
Return on equity
10 years−2.0%
5 years−8.0%
3 years−6.0%
Last year−1.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters75.00%75.00%24.50%23.24%23.24%23.27%23.27%23.27%24.98%24.98%24.98%24.98%24.98%24.98%
FIIs4.49%4.49%8.37%13.01%12.71%13.12%12.95%13.21%12.93%13.09%13.25%14.12%13.64%13.46%
DIIs6.35%6.35%5.19%4.94%3.06%2.88%2.80%3.29%3.61%3.75%3.05%3.12%2.79%4.34%
Government0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public13.84%13.84%61.95%58.81%60.99%60.72%60.97%60.22%58.48%58.18%58.69%57.75%58.57%57.20%
No. of shareholders34,89,09934,89,09935,67,05938,68,22740,90,48140,44,00041,89,89741,77,54943,93,67243,51,10743,67,83843,41,37143,18,44342,76,377
Change since Jun 2023 (pp)
Promoters −50.02FIIs +8.97DIIs −2.01Public +43.36

Documents

As of 18 Oct 2026
Announcements
Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Change in Directorate
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Dec 2025PPT

Corporate actions

As of 19 Nov 2015
19 Nov 2015DIVIDEND Interim Dividend - Re 1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman