Minerva Capital Research Solutions

Reliance Power

NSE: RPOWERBSE: 532939
Compare with peers
₹ 19.11▲ 1.72 (+9.89%)29 Oct, 03:29 pm IST
Market cap
₹ 6,803 Cr.
P/E
39.7x
P/B
0.44x
52-week range
15.98 – 47.75
ROE
−1%
ROCE
6%
Dividend yield
0%
Debt / equity
0.92
Sector
Power
Industry
Power Generation
Listed on
NSE, BSE

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Power Generation: 36 companies →

Reliance Power against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)39.7 against a typical 35.5: pricier than most peers (1st = cheapest).19th of 36
  • Sales growth+3.7% against a typical +6.5% from a year earlier.18th of 30
  • Profit growth+44.4% against a typical −1.3% from a year earlier.5th of 25
  • Share price, 3 months−18.1% against a typical −11%.25th of 34
  • Size₹ 6,803.3 Cr. market value against a typical ₹ 2,247.1 Cr. (1st = largest).13th of 33

Latest announcements

Exchange filings and their impact on the company.

  • 13 Oct 2026Action(s) initiated or orders passedHigh impactNegativePrice −1% on 14 Oct
    ED provisionally seized Rs 2,027 cr of Sasan Power shares plus Rs 6 cr cash in a 20-year-old FEMA case.

    On October 12, 2026, the Enforcement Directorate provisionally seized Reliance Power's shares in its wholly owned Sasan Power worth Rs 2026.65 crore and bank balances of Rs 6.16 crore under FEMA Section 37A. The case relates to foreign currency convertible bonds issued in 2006 and an overseas investment made in 2008 in a Singapore subsidiary. The company says the Sasan shares were already pledged to Power Finance Corporation for over 10 years, no penalty was imposed, and it disputes the allegation while assessing next legal steps.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Look closer

Rated D by ICRA
D
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]D—25 Nov 2025
Credit rating actions
RatingDetails
25 Nov 2025
Reaffirmed
[ICRA]D—ICRA₹ 395 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
6 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
21 May 2026Financial Results/Fund Raising/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, Fund Raising and other business matters
30 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
10 Nov 2025Financial Results/Fund RaisingTo consider and approve the unaudited financial results (both standalone and consolidated) for the quarter and half year ended September 30, 2025, and to consider raising of long-term resources by way of foreign currency convertible bonds or any other method as may be permissible under applicable laws, and seeking members and other approval(s), as the Board may deem appropriate.
19 Jul 2025Financial ResultsTo consider and approve the unaudited financial results (both standalone and consolidated) for the quarter ended June 30, 2025
16 Jul 2025Fund RaisingTo consider Fund Raising

Share price

1Y change −56.25%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,0381,9441,9971,9921,7601,8531,9781,8861,9741,8731,8871,956
Expenses1,3182,3071,8111,3421,3841,3611,3881,3211,3561,2691,3111,394
Operating Profit720−364186651376492590565618604576562
OPM %35%−19%9%33%21%27%30%30%31%32%31%29%
Other Income117175175773,433307881409377−323147
Interest716602517551562544399426395371474387
Depreciation259258287250243204211207208210205207
Profit before tax−138−1,048−444−733,004506772108100−426116
Tax %72%8%−10%34%4%16%−87%38%19%75%16%44%
Net Profit−238−1,137−398−982,87842126458725−49465
EPS in Rs−0.64−3.04−0.99−0.247.160.10.310.110.210.06−1.190.16

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
−3%
5 Years
−1%
3 Years
0%
TTM
3%
Compounded Profit Growth
10 Years
—
5 Years
—
3 Years
24%
TTM
125%
Stock Price CAGR
10 Years
−8%
5 Years
18%
3 Years
10%
TTM
—
Return on Equity
10 Years
−2%
5 Years
−8%
3 Years
−6%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
24.98%
0 pts in a year
FIIs
13.64%
+0.71 pts in a year
DIIs
2.79%
−0.82 pts in a year
Government
0%
0 pts in a year
Public
58.57%
+0.09 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 39.7xEPS (12 months) ₹ 0.69Median P/E 21.6x
P/E (times)EPS (₹)

Prices are delayed and for information only. Nothing on this page is investment advice.