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Reliance Power Limited (RPOWER) AI Stock Analysis

IN:RPOWER

Reliance Power Limited

(NSE:RPOWER)

Select Model
Rating:49Neutral
Price Target:INR 19.00â–²(2.32% Upside)
Action:reiterated
Date:10/30/26

The score is primarily constrained by volatile profitability, stagnant revenue, negative earnings, and weak technical positioning. Improving leverage and consistently positive cash flow provide meaningful support, but they do not offset the company’s loss-making profile and elevated financial risk.

Positive Factors
Positive cash generationConsistently 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 revenueBroadly 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.

Reliance Power Limited (RPOWER) vs. iShares MSCI India ETF (INDA)

-60%-50%-40%-30%-20%-10%0%10%IN:RPOWER-54.77%INDA-10.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 76.84B
Dividend Yield
―
Average Volume (3M)
2.46M
Price to Earnings (P/E)
-24.4
Beta (1Y)
2.01
Revenue Growth
2.87%
EPS Growth
-109.96%
Country
India
Employees
1,278
Sector
General
Sector Strength
55
Industry
Independent Power Producers

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 power....

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 lo...

Reliance Power Limited Financial Statement Overview

Summary

Financial performance is mixed: cash flow is consistently positive and leverage has improved, but revenue has stagnated, profitability is volatile, and debt remains meaningful. The score reflects the average of the income statement, balance sheet, and cash flow scores.

Income Statement

48Neutral

Balance Sheet

55Neutral

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue76.90B76.20B75.83B78.93B75.14B75.03B
Gross Profit32.54B38.21B40.44B44.54B41.40B48.13B
EBITDA22.08B25.31B25.96B13.70B20.88B29.40B
Net Income-3.17B-3.37B29.48B-20.68B-4.71B-9.64B
Balance Sheet
Total Assets0412.93B412.83B437.60B485.35B498.12B
Cash, Cash Equivalents and Short-Term Investments17.05B20.87B9.73B4.72B2.73B6.74B
Total Debt0148.12B151.53B187.66B212.36B231.29B
Total Liabilities-160.39B252.53B249.46B321.46B352.48B364.26B
Stockholders Equity160.39B160.39B163.37B116.14B115.95B117.64B
Cash Flow
Free Cash Flow13.21B16.00B19.38B31.74B36.39B34.17B
Operating Cash Flow13.66B17.16B19.38B31.74B40.24B36.13B
Investing Cash Flow-8.96B-2.95B4.53B-1.92B-3.54B2.84B
Financing Cash Flow-6.25B-6.37B-24.35B-27.34B-36.23B-38.49B

Reliance Power Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price18.57

Price Trends

50DMA20.38Negative
100DMA22.53Negative
200DMA24.68Negative

Market Momentum

MACD-0.79Negative
RSI47.22Neutral
STOCH76.75Neutral

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 18.57 is below the 20-day moving average (MA) of 18.64, below the 50-day MA of 20.38, and below the 200-day MA of 24.68, indicating a bearish trend. The MACD of -0.79 indicates Negative momentum. The RSI at 47.22 is Neutral, neither overbought nor oversold. The STOCH value of 76.75 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:RPOWER against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:JPPOWERIN:JPPOWER68NeutralINR 87.24B24.69――5.95%-31.46%
IN:NTPCIN:NTPC68NeutralINR 3.06T10.54―2.78%7.39%25.16%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:JSWENERGYIN:JSWENERGY53NeutralINR 916.74B39.06―0.40%26.38%11.53%
IN:ADANIPOWERIN:ADANIPOWER52NeutralINR 3.65T20.67――8.20%51.44%
IN:RPOWERIN:RPOWER49NeutralINR 73.99B-24.38――2.87%-109.96%
IN:TATAPOWERIN:TATAPOWER46NeutralINR 1.10T29.41―0.70%-4.19%-4.84%

* General Sector Average

Performance Comparison

-50%-25%0%25%50%IN:RPOWERIN:ADANIPOWERIN:JPPOWERIN:JSWENERGYIN:NTPCIN:TATAPOWERDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:RPOWER and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:RPOWERReliance Power Limited18.58-22.14-54.37%
IN:ADANIPOWERAdani Power Limited195.0036.5523.07%
IN:JPPOWERJaiprakash Power Ventures Limited13.54-4.39-24.48%
IN:JSWENERGYJSW Energy Limited503.65-22.31-4.24%
IN:NTPCNTPC Limited323.501.520.47%
IN:TATAPOWERTata Power Company Limited355.50-42.78-10.74%

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 inves...

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 reinforces...

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 corpora...

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 wind...

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 circular,...

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 of M...

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.

Date of analysis: Oct 30, 2026