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Reliance Power Limited
(RPOWER)
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Rating:48Neutral
Price Target:
₹19.00
▼(-21.10% Downside)
Action:Reiterated
Date:10/30/26
The score is held back primarily by volatile profitability (including a return to losses in 2026) and weak technical trend signals (price below key moving averages with a negative MACD). Improving leverage and consistently positive free cash flow provide support, but the negative P/E and lack of dividend data limit valuation confidence.
Positive Factors
Positive cash generation
Consistently positive operating and free cash flow gives Reliance Power internal funding capacity for maintenance, debt service, and selective investment. Although annual cash flow varies, this recurring cash generation is a durable financial strength that can support resilience across the next several quarters.
Negative Factors
Flat to declining revenue
Broadly stagnant revenue and recent declines suggest limited topline expansion from the existing asset base. Without sustained growth in generation, contracted capacity, or project additions, weaker revenue can constrain operating leverage and reduce the foundation for durable earnings improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Consistently positive operating and free cash flow gives Reliance Power internal funding capacity for maintenance, debt service, and selective investment. Although annual cash flow varies, this recurring cash generation is a durable financial strength that can support resilience across the next several quarters.
Read all positive factors
Reliance Power Limited (RPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹78.37B
Dividend Yield2.08%
Average Volume (3M)2.36M
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue Growth2.87%
EPS Growth-109.96%
CountryIN
Employees1,278
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)-0.76
Shares Outstanding4,135,771,000
10 Day Avg. Volume2,743,937
30 Day Avg. Volume2,356,391
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.57
Price to Sales (P/S)1.21
P/FCF Ratio5.76
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, an Indian energy producer, along with its associated companies, is dedicated to generating electricity across various sources. Its diverse project portfolio encompasses coal, natural gas, hydroelectric, wind, and solar powe...
How the Company Makes Money
Reliance Power primarily makes money by generating and selling electricity from its power plants and power projects. Its key revenue stream is the sale of power to electricity distribution companies (DISCOMs) and other customers, typically through...
Reliance Power Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
55
Neutral
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.90B | 76.20B | 75.83B | 78.93B | 75.14B | 75.03B |
| Gross Profit | 32.54B | 38.21B | 40.44B | 44.54B | 41.40B | 48.13B |
| EBITDA | 22.08B | 25.31B | 25.96B | 13.70B | 20.88B | 29.40B |
| Net Income | -3.17B | -3.37B | 29.48B | -20.68B | -4.71B | -9.64B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 412.93B | 412.83B | 437.60B | 485.35B | 498.12B |
| Cash, Cash Equivalents and Short-Term Investments | 17.05B | 20.87B | 9.73B | 4.72B | 2.73B | 6.74B |
| Total Debt | 0.00 | 148.12B | 151.53B | 187.66B | 212.36B | 231.29B |
| Total Liabilities | -160.39B | 252.53B | 249.46B | 321.46B | 352.48B | 364.26B |
| Stockholders Equity | 160.39B | 160.39B | 163.37B | 116.14B | 115.95B | 117.64B |
Cash Flow | ||||||
| Free Cash Flow | 13.21B | 16.00B | 19.38B | 31.74B | 36.39B | 34.17B |
| Operating Cash Flow | 13.66B | 17.16B | 19.38B | 31.74B | 40.24B | 36.13B |
| Investing Cash Flow | -8.96B | -2.95B | 4.53B | -1.92B | -3.54B | 2.84B |
| Financing Cash Flow | -6.25B | -6.37B | -24.35B | -27.34B | -36.23B | -38.49B |
Reliance Power Limited Technical Analysis
Neutral
24.08
Price Trends
20.53
Negative
22.71
Negative
24.85
Negative
Market Momentum
-0.96
Negative
49.10
Neutral
51.52
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 24.08 is above the 20-day moving average (MA) of 18.78, above the 50-day MA of 20.53, and below the 200-day MA of 24.85, indicating a neutral trend. The MACD of -0.96 indicates Negative momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 51.52 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹3.00T | 10.85 | ― | 2.91% | 2.36% | 15.88% | |
61 Neutral | ₹89.99B | 23.93 | ― | 1.90% | 5.95% | -31.46% | |
56 Neutral | ₹3.69T | 20.23 | ― | ― | 8.20% | 51.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹935.08B | 39.41 | ― | 0.39% | 26.38% | 11.53% | |
52 Neutral | ₹1.10T | 28.48 | ― | 0.73% | -4.19% | -4.84% | |
48 Neutral | ₹78.37B | -25.00 | ― | 2.08% | 2.87% | -109.96% |
* General Sector Average
IN:RPOWER
Reliance Power Limited
18.95
-27.47
-59.18%
IN:ADANIPOWER
Adani Power Limited
191.20
33.30
21.09%
IN:JPPOWER
Jaiprakash Power Ventures Limited
13.13
-4.89
-27.14%
IN:JSWENERGY
JSW Energy Limited
510.00
-16.01
-3.04%
IN:NTPC
NTPC Limited
309.10
-18.86
-5.75%
IN:TATAPOWER
Tata Power Company Limited
344.20
-58.35
-14.50%
Reliance Power Limited Corporate Events
Reliance Power Discloses ED Seizure of Sasan Power Shares Under FEMA Order
Oct 13, 2026
Reliance Power has disclosed to Indian stock exchanges that the Enforcement Directorate has passed an order under Section 37A(1) of the Foreign Exchange Management Act related to foreign currency convertible bonds issued in 2006 and an overseas in...
Reliance Power files half-yearly debt securities statement for September 2026
Oct 13, 2026
Reliance Power Limited has submitted its half-yearly statement of debt securities as of September 30, 2026 to the stock exchanges in compliance with a regulatory circular issued by the Securities and Exchange Board of India. The disclosure reinfor...
Reliance Power Announces Resignation of Non-Executive Director
Sep 25, 2026
Reliance Power Limited has notified the stock exchanges of a change in its board composition in line with SEBI’s Listing Regulations and recent disclosure circulars. The announcement underscores the company’s adherence to evolving corp...
Reliance Power Closes Trading Window Ahead of September Quarter Results
Sep 25, 2026
Reliance Power Limited has announced the closure of its trading window for designated persons, in line with its internal code of conduct and the Securities and Exchange Board of India’s Prohibition of Insider Trading Regulations, 2015. The w...
Reliance Power opens SEBI-mandated window to demat legacy physical shares
Aug 22, 2026
Reliance Power has notified stock exchanges that it has published shareholder notices in Financial Express and Navshakti regarding a special window for transfer and dematerialisation of physical shares. The window, opened pursuant to a SEBI circul...
Reliance Power flags ED-linked money laundering case exposure
Aug 17, 2026
Reliance Power Limited has disclosed that it and its subsidiary Reliance CleanGen Limited have been named among proposed accused parties in an Enforcement Directorate complaint linked to an alleged sum of about Rs. 715 crore under the Prevention o...
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.