Reliance Power Limited (RPOWER) AI Stock Analysis

• Market Cap: ₹202.32B
• Dividend Yield: N/A
• Average Volume (3M): 1.98M
• Price to Earnings (P/E): 6.4
• Beta (1Y): 1.96
• Revenue Growth: -6.40%
• EPS Growth: N/A
• Country: IN
• Employees: 1,277
• Sector: Energy
• Sector Strength: 52
• Industry: Independent Power Producers
• EPS (TTM): 0.11
• Shares Outstanding: 4,135,771,000
• 10 Day Avg. Volume: 2,489,551
• 30 Day Avg. Volume: 1,980,156
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹52.00
• Price Target Upside: 8.72% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹52.00 ▲(8.72% Upside)

Reliance Power Limited's overall stock score is primarily driven by its strong financial performance and attractive valuation. The company's improved profitability and cash generation are significant strengths, although high liabilities pose a risk. Technical indicators suggest a bearish trend, which slightly offsets the positive financial and valuation aspects.

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 399 GW. It owns and operates 1,200 MW Rosa power plant in Uttar Pradesh; Sasan ultra mega power plant with capacity of 3,960 MW in Madhya Pradesh; Vashpet power plant with capacity of 45 MW in Maharashtra; Dhursar solar power plant with capacity of 40 MW in Rajasthan; Solar CSP power plant 100 MW in Rajasthan; and Butibori power plant with capacity of 600 MW in Maharashtra. The company also develops and constructs coal mines in India and Indonesia. In addition, it has an interest in four coal bed methane blocks. The company was incorporated in 1995 and is based in Mumbai, India.

How the Company Makes Money

Reliance Power Limited generates revenue primarily through the sale of electricity generated from its diverse portfolio of power projects. The company operates thermal power plants, which use coal and gas as fuel, as well as hydroelectric and renewable energy projects. Revenue is earned through long-term power purchase agreements (PPAs) with government utilities, private distribution companies, and industrial consumers, ensuring a steady income stream. Additionally, Reliance Power may engage in trading power in the open market to optimize revenue. The company benefits from partnerships and joint ventures that enhance its operational capabilities and expand its market reach, further contributing to its earnings.

Reliance Power Limited Financial Statement Overview

Summary

Reliance Power Limited demonstrates a positive financial trajectory with improved profitability and cash generation. The company's income statement reflects a strong recovery, with a substantial increase in net income and EBIT. However, high liabilities and potential leverage risks require careful management.

Income Statement

Reliance Power Limited has shown a strong recovery with a substantial increase in net income and EBIT for the year ending 2025, indicating improved profitability. However, the revenue growth has been modest. The significant turnaround from a negative EBIT in 2024 to a positive EBIT in 2025 highlights improved operational efficiency. The company has maintained healthy EBITDA margins, showcasing operational resilience.

Balance Sheet

The balance sheet shows a reduction in total debt over the years, improving the debt-to-equity ratio. However, the equity ratio is relatively stable, reflecting a moderate degree of financial leverage. The increase in stockholders' equity in 2025 indicates a strengthening financial position, but high total liabilities remain a concern.

Cash Flow

The cash flow statement reflects a strong operating cash flow relative to net income, indicating efficient cash generation from core operations. The increase in free cash flow in 2025 is a positive indicator of financial health, although the volatility in financing cash flow suggests potential challenges in managing debt or funding operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	75.83B	75.83B	74.26B	70.33B	69.81B	73.74B
Gross Profit	33.95B	25.81B	32.71B	41.40B	36.76B	39.98B
EBITDA	60.13B	22.95B	16.80B	28.03B	28.35B	49.37B
Net Income	29.48B	29.48B	-20.68B	-4.71B	-9.64B	2.29B
Balance Sheet
Total Assets	412.83B	412.83B	437.60B	485.35B	498.12B	507.82B
Cash, Cash Equivalents and Short-Term Investments	9.73B	9.73B	4.72B	2.73B	6.74B	3.44B
Total Debt	151.53B	151.53B	187.66B	212.36B	231.29B	256.35B
Total Liabilities	249.46B	249.46B	321.46B	352.48B	364.26B	369.68B
Stockholders Equity	163.37B	163.37B	116.14B	115.95B	117.64B	122.46B
Cash Flow
Free Cash Flow	0.00	19.38B	31.74B	36.39B	34.17B	40.15B
Operating Cash Flow	0.00	19.38B	31.74B	40.24B	36.13B	41.49B
Investing Cash Flow	0.00	4.53B	-1.92B	-3.54B	2.84B	4.86B
Financing Cash Flow	0.00	-24.35B	-27.34B	-36.23B	-38.49B	-46.15B

Reliance Power Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 47.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 47.83 is above the 20-day moving average (MA) of 46.57, below the 50-day MA of 50.23, and above the 200-day MA of 47.07, indicating a neutral trend. The MACD of -0.29 indicates Negative momentum. The RSI at 50.08 is Neutral, neither overbought nor oversold. The STOCH value of 73.82 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTPC	73 Outperform	3.29T	13.73	12.72%	2.44%	1.47%	11.89%
ADANIPOWER	70 Outperform	3.28T	25.23	22.63%	―	-1.07%	-22.35%
JSWENERGY	67 Neutral	949.13B	43.63	7.13%	0.37%	22.49%	6.11%
RPOWER	66 Neutral	₹202.32B	6.36		―	-6.40%	―
JPPOWER	62 Neutral	126.93B	22.63	6.62%	―	-22.31%	-45.24%
RTNPOWER	44 Neutral	65.78B	56.10	4.84%	―	-7.96%	-98.79%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Reliance Power Limited Corporate Events

Resignation of Independent Director at Reliance Power

Reliance Power Limited announced the resignation of Dr. Thomas Mathew as an Independent Director, effective August 29, 2025. Dr. Mathew, who also holds directorships in Reliance Infrastructure Limited and Eraaya Lifespaces Limited, confirmed that his resignation was due to personal reasons and not influenced by any other material factors. This change in the board may impact the company’s governance dynamics and strategic direction.

Reliance Power Unaffected by Reliance Communications’ Loan Classification

Reliance Power Limited has clarified that the recent classification of Reliance Communications Limited’s loan account as fraud by the Bank of India does not affect its business operations, financial performance, or stakeholders. The company emphasizes its independence from Reliance Communications and its commitment to its business plans and stakeholder value creation. The matter concerning Reliance Communications is under judicial review and has no bearing on Reliance Power’s operations.

Reliance Power Unaffected by CBI Action on Reliance Communications

Reliance Power Limited has clarified that the recent actions taken by the Central Bureau of Investigation against Reliance Communications Limited and Mr. Anil D Ambani have no impact on its business operations, financial performance, or stakeholders. The company emphasizes its independence from Reliance Communications, with no business or financial linkages, and highlights that Mr. Anil D. Ambani has not been on its board for over 3.5 years. Reliance Power remains committed to its business plans and continues to focus on creating value for its stakeholders.

Reliance Power Limited Concludes 31st AGM with Key Resolutions

Reliance Power Limited held its 31st Annual General Meeting on August 08, 2025, chaired by Executive Director and CEO Neeraj Parakh. The meeting, conducted via video conferencing, covered key business items including the adoption of audited financial statements and the re-appointment of directors Ashok Kumar Pal and Harmanjit Singh Nagi. The proceedings reflect the company’s adherence to regulatory requirements and its commitment to maintaining transparency and governance standards.

Reliance Power Announces AGM Voting Results

Reliance Power Limited has announced the results of its 31st Annual General Meeting held on August 8, 2025. The company has provided details of the voting results and the Scrutinizer’s Report for the meeting, which was attended by shareholders through video conferencing. This announcement is part of the company’s compliance with SEBI regulations, reflecting its commitment to transparency and stakeholder engagement.

Reliance Power’s Strategic Growth Initiative in Defence and Renewable Energy

Reliance Power Limited announced a strategic initiative to raise ₹18,000 crore through equity and debt to fund growth in Defence & Aerospace and Renewable Energy sectors. This move, supported by over 100 senior leaders, underscores the company’s commitment to innovation and shareholder value creation. The company is focusing on high-growth areas, including manufacturing business jets in India and forming strategic partnerships with global defense companies, aligning with India’s ‘Make in India’ initiative. The leadership meeting highlighted the company’s nearly debt-free status and its significant shareholder base, indicating a strong foundation for future growth.

Reliance Power Assures Stability Amid ED Actions

Reliance Power Limited announced that the Enforcement Directorate’s (ED) actions have concluded at all locations, with the company and its officials fully cooperating. The company emphasized that the ED’s actions have no impact on its business operations, financial performance, or stakeholders, and clarified that the allegations pertain to transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL), which are separate entities. Reliance Power continues to operate normally, focusing on its business plans and stakeholder value creation.

Reliance Power Schedules Virtual AGM for August 2025

Reliance Power Limited has announced the scheduling of its 31st Annual General Meeting (AGM) on August 8, 2025, to be conducted via video conferencing. The company has made its Annual Report for the financial year 2024-25 available electronically to shareholders, ensuring accessibility through email and web links. This move highlights the company’s commitment to leveraging technology for shareholder engagement and compliance with regulatory requirements, potentially enhancing transparency and stakeholder participation.

Reliance Power Announces Virtual AGM and Push for Digital Compliance

Reliance Power Limited has announced the scheduling of its 31st Annual General Meeting (AGM) to be held on August 8, 2025, via video conferencing, in compliance with regulatory guidelines. The company is encouraging shareholders to update their email addresses and dematerialize their holdings for efficient communication and transactions, reflecting a push towards digital transformation and regulatory compliance.