Reliance Power Ltd.
•2026-08-21
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 21.54x)
- Latest quarter profit grew 44.8% YoY, showing strong momentum
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Recent results are weak - TTM profit is down 193.1% versus prior year
- Company has a low return on equity of 0.3% over last 3 years
- Company has a low return on capital employed of 7.7%
- Interest coverage is weak at 0.9x - earnings barely cover interest
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPOWER | 203.70 | 27.56 | 392829.23 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| 2. | NTPC | 334.75 | 11.69 | 324595.90 | 2.69 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| 3. | POWERGRID | 262.45 | 15.36 | 244094.35 | 3.43 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| 4. | ADANIGREEN | 1290.00 | 119.11 | 212485.72 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| 5. | ADANIENSOL | 1540.00 | 64.52 | 188334.99 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| 6. | TATAPOWER | 378.20 | 31.28 | 120847.74 | 0.66 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| 7. | JSWENERGY | 540.20 | 50.35 | 99044.74 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| 8. | NTPCGREEN | 91.62 | 127.19 | 77202.03 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| 9. | NHPC | 76.00 | 20.11 | 76342.26 | 2.12 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| 10. | TORNTPOWER | 1244.00 | 26.98 | 62685.60 | 1.61 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| 11. | NLCINDIA | 269.55 | 11.65 | 37376.79 | 1.43 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.57 | 32.83 |
| 12. | RPOWER | 21.71 | 0.00 | 8978.76 | 0.00 | 64.71 | 44.83 | 1956.32 | 3.75 | 5.07 | 28.75 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,914 | 2,038 | 1,944 | 1,997 | 1,992 | 1,760 | 1,853 | 1,978 | 1,886 | 1,974 | 1,873 | 1,887 | 1,956 | |
| 1,299 | 1,318 | 2,307 | 1,811 | 1,342 | 1,384 | 1,361 | 1,388 | 1,321 | 1,356 | 1,269 | 1,990 | 1,988 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 37 | 79 | 55 | 197 | 77 | 203 | 307 | 88 | 140 | 93 | 77 | 59 | 147 |
| Interest | 616 | 716 | 602 | 517 | 551 | 562 | 544 | 399 | 426 | 395 | 371 | 474 | 387 |
| Depreciation | 257 | 259 | 258 | 287 | 250 | 243 | 204 | 211 | 207 | 208 | 210 | 205 | 207 |
| -221 | -177 | -1,169 | -461 | -73 | 3,004 | 50 | 67 | 72 | 108 | 100 | -426 | 116 | |
| Tax % | -32.67% | -56.31% | -7.55% | 9.99% | -34.02% | 4.18% | 15.90% | -87.00% | 38.20% | 19.30% | 74.92% | -16.06% | 44.18% |
| Net Profit | 0 | 0 | 0 | 0 | -98 | 2,878 | 42 | 126 | 45 | 87 | 25 | -494 | 65 |
| -1 | -1 | -3 | -1 | -0 | 7 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | |
| Equity Capital | 3,735 | 3,811 | 3,811 | 4,017 | 4,017 | 4,017 | 4,017 | 4,017 | 4,136 | 4,136 | 4,136 | 4,136 | 4,136 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 3,735 | 3,811 | 3,811 | 4,017 | 4,017 | 4,017 | 4,017 | 4,017 | 4,136 | 4,136 | 4,136 | 4,136 | 4,136 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 1,914
- 1,299
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 616
- Depreciation
- 257
- -221
- Tax %
- -32.67%
- Net Profit
- 0
- -1
- Equity Capital
- 3,735
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,735
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,038
- 1,318
- Operating Profit
- —
- OPM %
- —
- Other Income
- 79
- Interest
- 716
- Depreciation
- 259
- -177
- Tax %
- -56.31%
- Net Profit
- 0
- -1
- Equity Capital
- 3,811
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,811
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,944
- 2,307
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 602
- Depreciation
- 258
- -1,169
- Tax %
- -7.55%
- Net Profit
- 0
- -3
- Equity Capital
- 3,811
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,811
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,997
- 1,811
- Operating Profit
- —
- OPM %
- —
- Other Income
- 197
- Interest
- 517
- Depreciation
- 287
- -461
- Tax %
- 9.99%
- Net Profit
- 0
- -1
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,992
- 1,342
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 551
- Depreciation
- 250
- -73
- Tax %
- -34.02%
- Net Profit
- -98
- -0
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,760
- 1,384
- Operating Profit
- —
- OPM %
- —
- Other Income
- 203
- Interest
- 562
- Depreciation
- 243
- 3,004
- Tax %
- 4.18%
- Net Profit
- 2,878
- 7
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,853
- 1,361
- Operating Profit
- —
- OPM %
- —
- Other Income
- 307
- Interest
- 544
- Depreciation
- 204
- 50
- Tax %
- 15.90%
- Net Profit
- 42
- 0
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,978
- 1,388
- Operating Profit
- —
- OPM %
- —
- Other Income
- 88
- Interest
- 399
- Depreciation
- 211
- 67
- Tax %
- -87.00%
- Net Profit
- 126
- 0
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,017
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,886
- 1,321
- Operating Profit
- —
- OPM %
- —
- Other Income
- 140
- Interest
- 426
- Depreciation
- 207
- 72
- Tax %
- 38.20%
- Net Profit
- 45
- 0
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,974
- 1,356
- Operating Profit
- —
- OPM %
- —
- Other Income
- 93
- Interest
- 395
- Depreciation
- 208
- 108
- Tax %
- 19.30%
- Net Profit
- 87
- 0
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,873
- 1,269
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 371
- Depreciation
- 210
- 100
- Tax %
- 74.92%
- Net Profit
- 25
- 0
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,887
- 1,990
- Operating Profit
- —
- OPM %
- —
- Other Income
- 59
- Interest
- 474
- Depreciation
- 205
- -426
- Tax %
- -16.06%
- Net Profit
- -494
- -0
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,956
- 1,988
- Operating Profit
- —
- OPM %
- —
- Other Income
- 147
- Interest
- 387
- Depreciation
- 207
- 116
- Tax %
- 44.18%
- Net Profit
- 65
- 0
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4,136
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,396 | 9,593 | 8,201 | 7,562 | 7,934 | 7,503 | 7,514 | 7,893 | 7,583 | 7,620 | 7,690 | |
| 5,889 | 5,207 | 4,232 | 4,599 | 4,359 | 4,768 | 5,649 | 6,735 | 6,025 | 5,257 | 6,603 | |
| Operating Profit | 5,002 | 4,664 | 4,302 | 3,663 | 4,030 | 2,919 | 2,205 | 1,525 | 2,782 | 2,732 | — |
| OPM % | 48 | 49 | 52 | 48 | 51 | 39 | 29 | 19 | 37 | 36 | — |
| Other Income | 496 | 278 | 333 | 700 | 455 | 184 | 340 | 368 | 1,225 | 370 | 377 |
| Interest | 2,843 | 2,926 | 3,206 | 3,054 | 2,539 | 2,721 | 2,504 | 2,451 | 2,056 | 1,666 | 1,627 |
| Depreciation | 734 | 759 | 838 | 836 | 1,083 | 1,077 | 1,017 | 1,062 | 910 | 829 | 830 |
| 1,425 | 979 | -2,896 | -4,232 | 412 | -879 | -279 | -2,028 | 3,047 | -145 | -101 | |
| Tax % | 23 | 15 | -1 | -1 | -4 | -5 | -23 | -11 | 3 | -132 | -213 |
| Net Profit | 1,104 | 836 | -2,913 | -4,255 | 427 | -923 | -343 | -2,242 | 2,947 | -337 | -317 |
| EPS | 4 | 3 | -14 | -15 | 1 | -3 | -1 | -5 | 7 | -1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 195 | -273 | -49 | -68 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 3 | -11 | -15 | 1 | -3 | -1 | -5 | 7 | -1 | — |
| Minority Interest | 0 | 0 | 0 | 195 | -273 | -49 | -68 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 3 | -11 | -15 | 1 | -3 | -1 | -5 | 7 | -1 | — |
- 10,396
- 5,889
- Operating Profit
- 5,002
- OPM %
- 48
- Other Income
- 496
- Interest
- 2,843
- Depreciation
- 734
- 1,425
- Tax %
- 23
- Net Profit
- 1,104
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 9,593
- 5,207
- Operating Profit
- 4,664
- OPM %
- 49
- Other Income
- 278
- Interest
- 2,926
- Depreciation
- 759
- 979
- Tax %
- 15
- Net Profit
- 836
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 8,201
- 4,232
- Operating Profit
- 4,302
- OPM %
- 52
- Other Income
- 333
- Interest
- 3,206
- Depreciation
- 838
- -2,896
- Tax %
- -1
- Net Profit
- -2,913
- EPS
- -14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11
- 7,562
- 4,599
- Operating Profit
- 3,663
- OPM %
- 48
- Other Income
- 700
- Interest
- 3,054
- Depreciation
- 836
- -4,232
- Tax %
- -1
- Net Profit
- -4,255
- EPS
- -15
- Dividend Payout %
- 0
- Minority Interest
- 195
- Share of Associates
- 0
- Adjusted EPS
- -15
- Minority Interest
- 195
- Share of Associates
- 0
- Adjusted EPS
- -15
- 7,934
- 4,359
- Operating Profit
- 4,030
- OPM %
- 51
- Other Income
- 455
- Interest
- 2,539
- Depreciation
- 1,083
- 412
- Tax %
- -4
- Net Profit
- 427
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -273
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -273
- Share of Associates
- 0
- Adjusted EPS
- 1
- 7,503
- 4,768
- Operating Profit
- 2,919
- OPM %
- 39
- Other Income
- 184
- Interest
- 2,721
- Depreciation
- 1,077
- -879
- Tax %
- -5
- Net Profit
- -923
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- -49
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- -49
- Share of Associates
- 0
- Adjusted EPS
- -3
- 7,514
- 5,649
- Operating Profit
- 2,205
- OPM %
- 29
- Other Income
- 340
- Interest
- 2,504
- Depreciation
- 1,017
- -279
- Tax %
- -23
- Net Profit
- -343
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- -68
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- -68
- Share of Associates
- 0
- Adjusted EPS
- -1
- 7,893
- 6,735
- Operating Profit
- 1,525
- OPM %
- 19
- Other Income
- 368
- Interest
- 2,451
- Depreciation
- 1,062
- -2,028
- Tax %
- -11
- Net Profit
- -2,242
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- 7,583
- 6,025
- Operating Profit
- 2,782
- OPM %
- 37
- Other Income
- 1,225
- Interest
- 2,056
- Depreciation
- 910
- 3,047
- Tax %
- 3
- Net Profit
- 2,947
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- 7,620
- 5,257
- Operating Profit
- 2,732
- OPM %
- 36
- Other Income
- 370
- Interest
- 1,666
- Depreciation
- 829
- -145
- Tax %
- -132
- Net Profit
- -337
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- 7,690
- 6,603
- Operating Profit
- —
- OPM %
- —
- Other Income
- 377
- Interest
- 1,627
- Depreciation
- 830
- -101
- Tax %
- -213
- Net Profit
- -317
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -3%
- 5 Years:
- -1%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -8%
- 5 Years:
- 17%
- 3 Years:
- 11%
- 1 Year:
- -54%
RETURN ON EQUITY
- 10 Years:
- -4%
- 5 Years:
- -2%
- 3 Years:
- 0%
- Last Year:
- -2%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 2,805 | 2,805 | 2,805 | 2,805 | 2,805 | 3,400 | 3,735 | 4,017 | 4,017 | 4,136 |
| 18,562 | 18,430 | 14,572 | 9,064 | 9,441 | 8,181 | 7,780 | 7,597 | 11,675 | 11,595 | |
| 3,645 | 3,822 | 8,939 | 4,311 | 3,793 | 3,188 | 2,425 | 1,614 | 743 | 634 | |
| Trade Payables | 380 | 361 | 427 | 434 | 415 | 499 | 519 | 457 | 238 | 221 |
| 39,695 | 36,772 | 31,351 | 36,802 | 34,447 | 34,662 | 34,158 | 30,160 | 24,740 | 24,790 | |
| Total Liabilities | 65,087 | 62,190 | 58,095 | 53,416 | 50,901 | 49,930 | 48,617 | 43,845 | 41,412 | 41,376 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 34,851 | 34,881 | 35,903 | 38,574 | 37,190 | 36,308 | 35,776 | 33,584 | 31,859 | 30,944 | |
| Capital Work in Progress | 7,403 | 6,913 | 4,276 | 3,615 | 1,912 | 2,020 | 2,320 | 1,293 | 1,387 | 1,720 |
| 799 | 280 | 224 | 30 | 36 | 37 | 39 | 209 | 173 | 142 | |
| 1,029 | 729 | 1,012 | 1,014 | 874 | 828 | 925 | 961 | 927 | 1,016 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,650 | 1,521 | 1,310 | |
| Cash & Bank | 958 | 916 | 271 | 284 | 315 | 644 | 651 | 918 | 973 | 1,705 |
| 20,048 | 18,471 | 16,409 | 9,899 | 10,574 | 10,093 | 8,906 | 5,229 | 4,572 | 4,538 | |
| Total Assets | 65,087 | 62,190 | 58,095 | 53,416 | 50,901 | 49,930 | 48,617 | 43,845 | 41,412 | 41,376 |
| Total Debt | 32,925 | 31,697 | 30,456 | 28,761 | 25,635 | 23,129 | 21,236 | 18,766 | 15,153 | 14,812 |
| Net Working Capital | -2,755 | -4,286 | -12,249 | -11,100 | -11,061 | -12,187 | -13,422 | -13,348 | -5,463 | -5,563 |
| Contingent Liabilities | 34,166 | 11,689 | 9,676 | 1,822 | 2,766 | 1,616 | 1,722 | 1,887 | 1,395 | 1,719 |
| Book Value per Share | 76.17 | 75.70 | 61.95 | 42.31 | 43.66 | 34.06 | 30.83 | 28.91 | 36.23 | 35.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 32,925 | 31,697 | 30,456 | 28,761 | 25,635 | 23,129 | 21,236 | 18,766 | 15,153 | 14,812 |
| Net Working Capital | -2,755 | -4,286 | -12,249 | -11,100 | -11,061 | -12,187 | -13,422 | -13,348 | -5,463 | -5,563 |
| Contingent Liabilities | 34,166 | 11,689 | 9,676 | 1,822 | 2,766 | 1,616 | 1,722 | 1,887 | 1,395 | 1,719 |
| Book Value per Share | 76.17 | 75.70 | 61.95 | 42.31 | 43.66 | 34.06 | 30.83 | 28.91 | 36.23 | 35.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 2,805
- 18,562
- 3,645
- Trade Payables
- 380
- 39,695
- Total Liabilities
- 65,087
- 34,851
- Capital Work in Progress
- 7,403
- 799
- 1,029
- 0
- Cash & Bank
- 958
- 20,048
- Total Assets
- 65,087
- Total Debt
- 32,925
- Net Working Capital
- -2,755
- Contingent Liabilities
- 34,166
- Book Value per Share
- 76.17
- Face Value
- 10.00
- Total Debt
- 32,925
- Net Working Capital
- -2,755
- Contingent Liabilities
- 34,166
- Book Value per Share
- 76.17
- Face Value
- 10.00
- Equity Capital
- 2,805
- 18,430
- 3,822
- Trade Payables
- 361
- 36,772
- Total Liabilities
- 62,190
- 34,881
- Capital Work in Progress
- 6,913
- 280
- 729
- 0
- Cash & Bank
- 916
- 18,471
- Total Assets
- 62,190
- Total Debt
- 31,697
- Net Working Capital
- -4,286
- Contingent Liabilities
- 11,689
- Book Value per Share
- 75.70
- Face Value
- 10.00
- Total Debt
- 31,697
- Net Working Capital
- -4,286
- Contingent Liabilities
- 11,689
- Book Value per Share
- 75.70
- Face Value
- 10.00
- Equity Capital
- 2,805
- 14,572
- 8,939
- Trade Payables
- 427
- 31,351
- Total Liabilities
- 58,095
- 35,903
- Capital Work in Progress
- 4,276
- 224
- 1,012
- 0
- Cash & Bank
- 271
- 16,409
- Total Assets
- 58,095
- Total Debt
- 30,456
- Net Working Capital
- -12,249
- Contingent Liabilities
- 9,676
- Book Value per Share
- 61.95
- Face Value
- 10.00
- Total Debt
- 30,456
- Net Working Capital
- -12,249
- Contingent Liabilities
- 9,676
- Book Value per Share
- 61.95
- Face Value
- 10.00
- Equity Capital
- 2,805
- 9,064
- 4,311
- Trade Payables
- 434
- 36,802
- Total Liabilities
- 53,416
- 38,574
- Capital Work in Progress
- 3,615
- 30
- 1,014
- 0
- Cash & Bank
- 284
- 9,899
- Total Assets
- 53,416
- Total Debt
- 28,761
- Net Working Capital
- -11,100
- Contingent Liabilities
- 1,822
- Book Value per Share
- 42.31
- Face Value
- 10.00
- Total Debt
- 28,761
- Net Working Capital
- -11,100
- Contingent Liabilities
- 1,822
- Book Value per Share
- 42.31
- Face Value
- 10.00
- Equity Capital
- 2,805
- 9,441
- 3,793
- Trade Payables
- 415
- 34,447
- Total Liabilities
- 50,901
- 37,190
- Capital Work in Progress
- 1,912
- 36
- 874
- 0
- Cash & Bank
- 315
- 10,574
- Total Assets
- 50,901
- Total Debt
- 25,635
- Net Working Capital
- -11,061
- Contingent Liabilities
- 2,766
- Book Value per Share
- 43.66
- Face Value
- 10.00
- Total Debt
- 25,635
- Net Working Capital
- -11,061
- Contingent Liabilities
- 2,766
- Book Value per Share
- 43.66
- Face Value
- 10.00
- Equity Capital
- 3,400
- 8,181
- 3,188
- Trade Payables
- 499
- 34,662
- Total Liabilities
- 49,930
- 36,308
- Capital Work in Progress
- 2,020
- 37
- 828
- 0
- Cash & Bank
- 644
- 10,093
- Total Assets
- 49,930
- Total Debt
- 23,129
- Net Working Capital
- -12,187
- Contingent Liabilities
- 1,616
- Book Value per Share
- 34.06
- Face Value
- 10.00
- Total Debt
- 23,129
- Net Working Capital
- -12,187
- Contingent Liabilities
- 1,616
- Book Value per Share
- 34.06
- Face Value
- 10.00
- Equity Capital
- 3,735
- 7,780
- 2,425
- Trade Payables
- 519
- 34,158
- Total Liabilities
- 48,617
- 35,776
- Capital Work in Progress
- 2,320
- 39
- 925
- 0
- Cash & Bank
- 651
- 8,906
- Total Assets
- 48,617
- Total Debt
- 21,236
- Net Working Capital
- -13,422
- Contingent Liabilities
- 1,722
- Book Value per Share
- 30.83
- Face Value
- 10.00
- Total Debt
- 21,236
- Net Working Capital
- -13,422
- Contingent Liabilities
- 1,722
- Book Value per Share
- 30.83
- Face Value
- 10.00
- Equity Capital
- 4,017
- 7,597
- 1,614
- Trade Payables
- 457
- 30,160
- Total Liabilities
- 43,845
- 33,584
- Capital Work in Progress
- 1,293
- 209
- 961
- 1,650
- Cash & Bank
- 918
- 5,229
- Total Assets
- 43,845
- Total Debt
- 18,766
- Net Working Capital
- -13,348
- Contingent Liabilities
- 1,887
- Book Value per Share
- 28.91
- Face Value
- 10.00
- Total Debt
- 18,766
- Net Working Capital
- -13,348
- Contingent Liabilities
- 1,887
- Book Value per Share
- 28.91
- Face Value
- 10.00
- Equity Capital
- 4,017
- 11,675
- 743
- Trade Payables
- 238
- 24,740
- Total Liabilities
- 41,412
- 31,859
- Capital Work in Progress
- 1,387
- 173
- 927
- 1,521
- Cash & Bank
- 973
- 4,572
- Total Assets
- 41,412
- Total Debt
- 15,153
- Net Working Capital
- -5,463
- Contingent Liabilities
- 1,395
- Book Value per Share
- 36.23
- Face Value
- 10.00
- Total Debt
- 15,153
- Net Working Capital
- -5,463
- Contingent Liabilities
- 1,395
- Book Value per Share
- 36.23
- Face Value
- 10.00
- Equity Capital
- 4,136
- 11,595
- 634
- Trade Payables
- 221
- 24,790
- Total Liabilities
- 41,376
- 30,944
- Capital Work in Progress
- 1,720
- 142
- 1,016
- 1,310
- Cash & Bank
- 1,705
- 4,538
- Total Assets
- 41,376
- Total Debt
- 14,812
- Net Working Capital
- -5,563
- Contingent Liabilities
- 1,719
- Book Value per Share
- 35.29
- Face Value
- 10.00
- Total Debt
- 14,812
- Net Working Capital
- -5,563
- Contingent Liabilities
- 1,719
- Book Value per Share
- 35.29
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4,705 | 4,365 | 4,223 | 4,543 | 4,149 | 3,613 | 4,024 | 3,174 | 1,938 | 2,824 | |
| Cash from Investing | -2,142 | 354 | 60 | -247 | 486 | 284 | -354 | -192 | 453 | -212 |
| Cash from Financing | -3,389 | -4,311 | -4,839 | -4,200 | -4,615 | -3,849 | -3,623 | -2,734 | -2,435 | -1,828 |
| -826 | 408 | -556 | 96 | 19 | 48 | 46 | 248 | -44 | 785 | |
| Free Cash Flow | 2,952 | 3,341 | 2,731 | 699 | 4,149 | 2,273 | 1,962 | 3,174 | 1,938 | 1,149 |
| OCF / Net Profit | 4.26 | 5.22 | -1.45 | -1.07 | 9.71 | -3.91 | -11.73 | -1.42 | 0.66 | -8.39 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 13,872 | 13,193 | 11,815 | 12,257 | 13,496 | 10,496 |
| OCF / Net Profit | 4.26 | 5.22 | -1.45 | -1.07 | 9.71 | -3.91 | -11.73 | -1.42 | 0.66 | -8.39 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 13,872 | 13,193 | 11,815 | 12,257 | 13,496 | 10,496 |
- 4,705
- Cash from Investing
- -2,142
- Cash from Financing
- -3,389
- -826
- Free Cash Flow
- 2,952
- OCF / Net Profit
- 4.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.26
- Cumulative 5-Year FCF
- 0
- 4,365
- Cash from Investing
- 354
- Cash from Financing
- -4,311
- 408
- Free Cash Flow
- 3,341
- OCF / Net Profit
- 5.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.22
- Cumulative 5-Year FCF
- 0
- 4,223
- Cash from Investing
- 60
- Cash from Financing
- -4,839
- -556
- Free Cash Flow
- 2,731
- OCF / Net Profit
- -1.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.45
- Cumulative 5-Year FCF
- 0
- 4,543
- Cash from Investing
- -247
- Cash from Financing
- -4,200
- 96
- Free Cash Flow
- 699
- OCF / Net Profit
- -1.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.07
- Cumulative 5-Year FCF
- 0
- 4,149
- Cash from Investing
- 486
- Cash from Financing
- -4,615
- 19
- Free Cash Flow
- 4,149
- OCF / Net Profit
- 9.71
- Cumulative 5-Year FCF
- 13,872
- OCF / Net Profit
- 9.71
- Cumulative 5-Year FCF
- 13,872
- 3,613
- Cash from Investing
- 284
- Cash from Financing
- -3,849
- 48
- Free Cash Flow
- 2,273
- OCF / Net Profit
- -3.91
- Cumulative 5-Year FCF
- 13,193
- OCF / Net Profit
- -3.91
- Cumulative 5-Year FCF
- 13,193
- 4,024
- Cash from Investing
- -354
- Cash from Financing
- -3,623
- 46
- Free Cash Flow
- 1,962
- OCF / Net Profit
- -11.73
- Cumulative 5-Year FCF
- 11,815
- OCF / Net Profit
- -11.73
- Cumulative 5-Year FCF
- 11,815
- 3,174
- Cash from Investing
- -192
- Cash from Financing
- -2,734
- 248
- Free Cash Flow
- 3,174
- OCF / Net Profit
- -1.42
- Cumulative 5-Year FCF
- 12,257
- OCF / Net Profit
- -1.42
- Cumulative 5-Year FCF
- 12,257
- 1,938
- Cash from Investing
- 453
- Cash from Financing
- -2,435
- -44
- Free Cash Flow
- 1,938
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- 13,496
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- 13,496
- 2,824
- Cash from Investing
- -212
- Cash from Financing
- -1,828
- 785
- Free Cash Flow
- 1,149
- OCF / Net Profit
- -8.39
- Cumulative 5-Year FCF
- 10,496
- OCF / Net Profit
- -8.39
- Cumulative 5-Year FCF
- 10,496
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.94 | 3.00 | -10.52 | -14.53 | 0.65 | -2.84 | -1.26 | -5.15 | 7.34 | -0.81 |
| Book Value (₹) | 76.17 | 75.70 | 61.95 | 42.31 | 43.66 | 34.06 | 30.83 | 28.91 | 36.23 | 35.29 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 6.55 | 5.68 | -7.40 | -12.19 | 5.38 | 0.45 | 1.80 | -2.94 | 9.60 | 1.19 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 48.12% | 48.62% | 52.46% | 48.44% | 50.79% | 38.90% | 29.35% | 14.66% | 20.54% | 31.00% |
| Net Margin % | 10.62% | 8.71% | -35.52% | -56.27% | 5.38% | -12.30% | -4.56% | -28.41% | 38.87% | -4.42% |
| ROE % | 5.31% | 3.92% | -15.09% | -29.09% | 3.54% | -7.75% | -2.97% | -19.39% | 22.53% | -2.31% |
| ROCE % | 7.88% | 7.28% | 0.62% | -2.66% | 7.52% | 5.06% | 6.57% | 1.34% | 16.81% | 5.07% |
| 1.70% | 1.31% | -4.84% | -7.63% | 0.82% | -1.83% | -0.70% | -4.85% | 6.91% | -0.81% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 114 | 104 | 116 | 123 | 110 | 137 | 143 | 100 | 76 | 68 |
| Inventory Days | 38 | 33 | 39 | 49 | 43 | 41 | 43 | 44 | 45 | 47 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 152 | 137 | 155 | 172 | 153 | 178 | 186 | 144 | 122 | 114 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.54x | 1.49x | 1.75x | 2.42x | 2.09x | 2.00x | 1.84x | 1.62x | 1.04x | 1.01x |
| Interest Coverage (x) | 1.50x | 1.33x | 0.10x | -0.39x | 1.16x | 0.68x | 0.89x | 0.17x | 2.48x | 0.91x |
| 0.79x | 0.65x | 0.33x | 0.31x | 0.31x | 0.32x | 0.27x | 0.25x | 0.43x | 0.45x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.94% | -7.72% | -14.50% | -7.79% | 4.92% | -5.43% | 0.14% | 5.04% | -3.92% | 0.49% |
| Operating Profit Growth % | 5.60% | -6.76% | -7.76% | -14.15% | 10.01% | -27.57% | -24.45% | -30.84% | 82.46% | -1.81% |
| Net Profit Growth % | 23.31% | -24.31% | -448.61% | -44.16% | 110.04% | -316.17% | 62.86% | -553.91% | 231.45% | -111.43% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -308.53% | 242.52% | -111.10% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.86x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.98x | 1.19x | 0.58x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 19.14x | 11.30x | 7.88x |
- EPS (₹)
- 3.94
- Book Value (₹)
- 76.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.55
- Operating Margin %
- 48.12%
- Net Margin %
- 10.62%
- ROE %
- 5.31%
- ROCE %
- 7.88%
- 1.70%
- Debtor Days
- 114
- Inventory Days
- 38
- Payable Days
- 0
- 152
- Debt to Equity (x)
- 1.54x
- Interest Coverage (x)
- 1.50x
- 0.79x
- Revenue Growth %
- 0.94%
- Operating Profit Growth %
- 5.60%
- Net Profit Growth %
- 23.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.00
- Book Value (₹)
- 75.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.68
- Operating Margin %
- 48.62%
- Net Margin %
- 8.71%
- ROE %
- 3.92%
- ROCE %
- 7.28%
- 1.31%
- Debtor Days
- 104
- Inventory Days
- 33
- Payable Days
- 0
- 137
- Debt to Equity (x)
- 1.49x
- Interest Coverage (x)
- 1.33x
- 0.65x
- Revenue Growth %
- -7.72%
- Operating Profit Growth %
- -6.76%
- Net Profit Growth %
- -24.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -10.52
- Book Value (₹)
- 61.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.40
- Operating Margin %
- 52.46%
- Net Margin %
- -35.52%
- ROE %
- -15.09%
- ROCE %
- 0.62%
- -4.84%
- Debtor Days
- 116
- Inventory Days
- 39
- Payable Days
- 0
- 155
- Debt to Equity (x)
- 1.75x
- Interest Coverage (x)
- 0.10x
- 0.33x
- Revenue Growth %
- -14.50%
- Operating Profit Growth %
- -7.76%
- Net Profit Growth %
- -448.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -14.53
- Book Value (₹)
- 42.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -12.19
- Operating Margin %
- 48.44%
- Net Margin %
- -56.27%
- ROE %
- -29.09%
- ROCE %
- -2.66%
- -7.63%
- Debtor Days
- 123
- Inventory Days
- 49
- Payable Days
- 0
- 172
- Debt to Equity (x)
- 2.42x
- Interest Coverage (x)
- -0.39x
- 0.31x
- Revenue Growth %
- -7.79%
- Operating Profit Growth %
- -14.15%
- Net Profit Growth %
- -44.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.65
- Book Value (₹)
- 43.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.38
- Operating Margin %
- 50.79%
- Net Margin %
- 5.38%
- ROE %
- 3.54%
- ROCE %
- 7.52%
- 0.82%
- Debtor Days
- 110
- Inventory Days
- 43
- Payable Days
- 0
- 153
- Debt to Equity (x)
- 2.09x
- Interest Coverage (x)
- 1.16x
- 0.31x
- Revenue Growth %
- 4.92%
- Operating Profit Growth %
- 10.01%
- Net Profit Growth %
- 110.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -2.84
- Book Value (₹)
- 34.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.45
- Operating Margin %
- 38.90%
- Net Margin %
- -12.30%
- ROE %
- -7.75%
- ROCE %
- 5.06%
- -1.83%
- Debtor Days
- 137
- Inventory Days
- 41
- Payable Days
- 0
- 178
- Debt to Equity (x)
- 2.00x
- Interest Coverage (x)
- 0.68x
- 0.32x
- Revenue Growth %
- -5.43%
- Operating Profit Growth %
- -27.57%
- Net Profit Growth %
- -316.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -1.26
- Book Value (₹)
- 30.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.80
- Operating Margin %
- 29.35%
- Net Margin %
- -4.56%
- ROE %
- -2.97%
- ROCE %
- 6.57%
- -0.70%
- Debtor Days
- 143
- Inventory Days
- 43
- Payable Days
- 0
- 186
- Debt to Equity (x)
- 1.84x
- Interest Coverage (x)
- 0.89x
- 0.27x
- Revenue Growth %
- 0.14%
- Operating Profit Growth %
- -24.45%
- Net Profit Growth %
- 62.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -5.15
- Book Value (₹)
- 28.91
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.94
- Operating Margin %
- 14.66%
- Net Margin %
- -28.41%
- ROE %
- -19.39%
- ROCE %
- 1.34%
- -4.85%
- Debtor Days
- 100
- Inventory Days
- 44
- Payable Days
- 0
- 144
- Debt to Equity (x)
- 1.62x
- Interest Coverage (x)
- 0.17x
- 0.25x
- Revenue Growth %
- 5.04%
- Operating Profit Growth %
- -30.84%
- Net Profit Growth %
- -553.91%
- -308.53%
- P/E (x)
- 0.00x
- P/B (x)
- 0.98x
- Dividend Yield %
- 0.00%
- 19.14x
- EPS (₹)
- 7.34
- Book Value (₹)
- 36.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.60
- Operating Margin %
- 20.54%
- Net Margin %
- 38.87%
- ROE %
- 22.53%
- ROCE %
- 16.81%
- 6.91%
- Debtor Days
- 76
- Inventory Days
- 45
- Payable Days
- 0
- 122
- Debt to Equity (x)
- 1.04x
- Interest Coverage (x)
- 2.48x
- 0.43x
- Revenue Growth %
- -3.92%
- Operating Profit Growth %
- 82.46%
- Net Profit Growth %
- 231.45%
- 242.52%
- P/E (x)
- 5.86x
- P/B (x)
- 1.19x
- Dividend Yield %
- 0.00%
- 11.30x
- EPS (₹)
- -0.81
- Book Value (₹)
- 35.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.19
- Operating Margin %
- 31.00%
- Net Margin %
- -4.42%
- ROE %
- -2.31%
- ROCE %
- 5.07%
- -0.81%
- Debtor Days
- 68
- Inventory Days
- 47
- Payable Days
- 0
- 114
- Debt to Equity (x)
- 1.01x
- Interest Coverage (x)
- 0.91x
- 0.45x
- Revenue Growth %
- 0.49%
- Operating Profit Growth %
- -1.81%
- Net Profit Growth %
- -111.43%
- -111.10%
- P/E (x)
- 0.00x
- P/B (x)
- 0.58x
- Dividend Yield %
- 0.00%
- 7.88x
Documents
Announcements
- Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-17 - Reliance Power Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Shareholders meeting
2026-08-14 - Reliance Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results.
Annual Reports
Credit Ratings
- Credit Rating
2025-11-26 - Reliance Power Limited has informed the Exchange about Credit Rating
Concalls
Dec 2025

