Reliance Power Limited (R-Power), part of the Reliance Anil Dhirubhai Ambani Group, is a leading player in India’s private sector power generation industry. The company focuses on developing, constructing, and operating a diverse range of power projects, both domestically and internationally. Its extensive energy portfolio includes thermal power plants fueled by coal and gas, along with renewable energy projects like solar and wind farms, and hydroelectric power, giving it an operating capacity of 5,945 megawatts, which makes it one of the largest private power producers in India. In addition to power generation, R-Power is involved in coal mining to support its thermal plants, ensuring a steady supply of resources. The company is committed to sustainable practices, actively working to reduce its carbon footprint and promote renewable energy, reflecting its dedication to environmental stewardship and sustainable development.
Recent News on Reliance Power Ltd
Recently, Reliance Power Limited saw a notable shift in its stock performance, snapping a three-day decline after a significant trade transaction. This development followed a major regulatory action by the Securities and Exchange Board of India (SEBI), which imposed strict restrictions on Anil Ambani, chairman of Reliance Power, and 24 other associated entities. SEBI barred Ambani and these entities from participating in the securities market, which led to a sharp decline in the stock prices of Reliance Power and Reliance Home Finance, both dropping by over 5%. The regulatory decision also included a ₹25 crore fine for Ambani and prohibited him from involvement with other listed firms, causing Reliance Power shares to hit their lower circuit limits amid investor concerns.
Amid these challenges, Reliance Power has proposed a one-time debt settlement of ₹1,200 crore to the lenders of Vidarbha Industries Power, a subsidiary, as a strategic move to manage its financial obligations. This proposal is seen as a vital step toward stabilizing the company’s finances and maintaining investor confidence during a period of intense regulatory scrutiny and market volatility. The resolution of this debt settlement will be crucial for Reliance Power’s efforts to regain its footing in the market and pursue a path toward recovery and growth.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 24.99% | 24.50% | 24.50% | 23.24% | 23.24% |
| FIIs + | 7.34% | 7.66% | 8.37% | 13.01% | 12.71% |
| DIIs + | 3.17% | 5.16% | 5.19% | 4.94% | 3.06% |
| Government + | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% |
| Public + | 64.49% | 62.67% | 61.95% | 58.81% | 60.99% |
| No. of Shareholders | 30,45,992 | 31,06,446 | 35,67,059 | 38,68,227 | 40,90,481 |
The shareholding patterns of the company from June 2023 to June 2024 reveal dynamic shifts across various stakeholder groups. The promoters’ stake decreased from 24.99% in June 2023 to 23.24% by March 2024 and remained stable thereafter. Foreign Institutional Investors (FIIs) showed significant growth, with their holdings rising from 7.34% in June 2023 to a peak of 13.01% in March 2024, before a slight decrease to 12.71% by June 2024. Domestic Institutional Investors (DIIs) experienced fluctuations, increasing from 3.17% in June 2023 to 5.19% in December 2023, but dropping to 3.06% by June 2024. The government’s minimal shareholding reduced to 0.00% by March 2024. Public shareholding declined from 64.49% in June 2023 to 58.81% in March 2024, followed by a modest increase to 60.99% by June 2024. The number of shareholders rose steadily from 30,45,992 in June 2023 to 40,90,481 in June 2024, indicating growing public participation despite the evolving institutional and promoter holdings.
Below are the trading platforms that you can use to purchase Reliance Power Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 33.15 | 28.83 |
| October 2024 | 32.83 | 28.54 |
| November 2024 | 34.14 | 29.69 |
| December 2024 | 35.48 | 29.98 |
In 2024, Reliance Power’s stock is expected to experience a range of maximum and minimum prices throughout the year. As we step into September, the maximum price is projected to be ₹33.15, while the minimum price is anticipated to be ₹28.83. By December, the maximum price is expected to reach ₹35.48, with a minimum price of ₹29.98.
| When | Maximum Price | Minimum Price |
| January 2025 | 34.82 | 26.79 |
| February 2025 | 35.18 | 27.06 |
| March 2025 | 35.92 | 27.63 |
| April 2025 | 35.56 | 27.35 |
| May 2025 | 34.52 | 26.56 |
| June 2025 | 36.08 | 27.75 |
| July 2025 | 35.37 | 27.21 |
| August 2025 | 36.46 | 28.05 |
| September 2025 | 36.90 | 28.39 |
| October 2025 | 37.86 | 29.12 |
| November 2025 | 38.81 | 29.85 |
| December 2025 | 40.55 | 31.20 |
In 2025, Reliance Power’s stock is anticipated to exhibit a range of maximum and minimum prices throughout the year. As we step into September, the maximum price is projected to be ₹36.90, with a minimum price of ₹28.39. By December, Reliance Power’s stock is expected to reach a maximum price of ₹40.55 and a minimum price of ₹31.20.
| When | Maximum Price | Minimum Price |
| January 2026 | 41.77 | 32.13 |
| February 2026 | 40.73 | 31.33 |
| March 2026 | 41.54 | 31.95 |
| April 2026 | 42.39 | 32.61 |
| May 2026 | 41.97 | 32.28 |
| June 2026 | 43.02 | 33.09 |
| July 2026 | 42.17 | 32.44 |
| August 2026 | 43.48 | 33.45 |
| September 2026 | 44.35 | 34.11 |
| October 2026 | 45.50 | 35.00 |
| November 2026 | 46.64 | 35.88 |
| December 2026 | 47.81 | 36.77 |
| When | Maximum Price | Minimum Price |
| January 2027 | 48.28 | 37.14 |
| February 2027 | 49.52 | 38.09 |
| March 2027 | 51.45 | 39.58 |
| April 2027 | 50.44 | 38.80 |
| May 2027 | 48.97 | 37.67 |
| June 2027 | 51.18 | 39.37 |
| July 2027 | 50.18 | 38.60 |
| August 2027 | 51.73 | 39.79 |
| September 2027 | 53.54 | 41.18 |
| October 2027 | 54.93 | 42.25 |
| November 2027 | 56.30 | 43.31 |
| December 2027 | 57.71 | 44.39 |
| When | Maximum Price | Minimum Price |
| January 2028 | 58.86 | 45.28 |
| February 2028 | 60.37 | 46.44 |
| March 2028 | 62.73 | 48.25 |
| April 2028 | 61.50 | 47.31 |
| May 2028 | 59.71 | 45.93 |
| June 2028 | 62.39 | 48.00 |
| July 2028 | 61.17 | 47.05 |
| August 2028 | 63.06 | 48.51 |
| September 2028 | 65.27 | 50.21 |
| October 2028 | 66.97 | 51.51 |
| November 2028 | 68.64 | 52.80 |
| December 2028 | 70.36 | 54.12 |
| When | Maximum Price | Minimum Price |
| January 2029 | 71.76 | 55.20 |
| February 2029 | 73.60 | 56.62 |
| March 2029 | 76.47 | 58.83 |
| April 2029 | 74.97 | 57.67 |
| May 2029 | 72.79 | 55.99 |
| June 2029 | 76.07 | 58.51 |
| July 2029 | 74.58 | 57.37 |
| August 2029 | 76.88 | 59.14 |
| September 2029 | 79.57 | 61.21 |
| October 2029 | 81.64 | 62.80 |
| November 2029 | 83.68 | 64.37 |
| December 2029 | 85.77 | 65.98 |
| When | Maximum Price | Minimum Price |
| January 2030 | 87.49 | 67.30 |
| February 2030 | 89.73 | 69.03 |
| March 2030 | 93.23 | 71.72 |
| April 2030 | 91.40 | 70.31 |
| May 2030 | 88.74 | 68.26 |
| June 2030 | 92.74 | 71.34 |
| July 2030 | 90.92 | 69.94 |
| August 2030 | 93.73 | 72.10 |
| September 2030 | 97.01 | 74.62 |
| October 2030 | 99.53 | 76.56 |
| November 2030 | 102.02 | 78.48 |
| December 2030 | 104.57 | 80.44 |
In 2030, Reliance Power’s stock is anticipated to exhibit notable price fluctuations. As we step into January, the maximum price is projected to be ₹87.49, while the minimum price is expected to be ₹67.30. Moving into September, the maximum price is forecasted to reach ₹97.01, with a minimum price of ₹74.62. By December, Reliance Power is expected to achieve a maximum price of ₹104.57 and a minimum price of ₹80.44.
Financial Condition of Reliance Power: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 7,562 | 7,934 | 7,503 | 7,514 | 7,893 | 7,988 |
| Expenses + | 4,552 | 4,359 | 4,768 | 5,628 | 6,733 | 6,782 |
| Operating Profit | 3,010 | 3,575 | 2,735 | 1,886 | 1,160 | 1,205 |
| OPM % | 40% | 45% | 36% | 25% | 15% | 15% |
| Other Income + | -3,368 | 486 | 192 | 1,296 | 499 | 554 |
| Interest | 3,054 | 2,539 | 2,721 | 2,504 | 2,451 | 2,399 |
| Depreciation | 836 | 1,083 | 1,077 | 1,017 | 1,062 | 1,063 |
| Profit before tax | -4,248 | 439 | -871 | -339 | -1,854 | -1,703 |
| Tax % | 1% | -3% | 5% | 19% | 12% | |
| Net Profit + | -4,271 | 454 | -915 | -403 | -2,068 | -1,870 |
| EPS in Rs | -14.53 | 0.82 | -2.84 | -1.26 | -5.15 | -4.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
he financial performance of the company from March 2020 to March 2024 and the trailing twelve months (TTM) reveals a challenging period marked by declining profitability and fluctuating revenues. Sales remained relatively stable, increasing marginally from ₹7,562 crores in March 2020 to ₹7,893 crores in March 2024, with a slight rise to ₹7,988 crores in the TTM. However, expenses escalated significantly, growing from ₹4,552 crores in March 2020 to ₹6,733 crores in March 2024, and further to ₹6,782 crores in the TTM. This surge in expenses eroded the operating profit, which decreased from ₹3,010 crores in March 2020 to ₹1,160 crores in March 2024, stabilizing at ₹1,205 crores in the TTM. The operating profit margin (OPM) also contracted sharply from 40% in March 2020 to 15% by March 2024.
Other income showed considerable volatility, plunging to a negative ₹3,368 crores in March 2020, before recovering to ₹499 crores in March 2024 and ₹554 crores in the TTM. Interest expenses decreased steadily from ₹3,054 crores in March 2020 to ₹2,399 crores in the TTM. Despite the reduction in interest costs, the company’s profitability remained under pressure, as evidenced by the consistent losses before tax, which widened to ₹-1,854 crores in March 2024 and slightly improved to ₹-1,703 crores in the TTM. The net profit also reflected this trend, with a loss of ₹-4,271 crores in March 2020, slightly improving to a loss of ₹-2,068 crores in March 2024 and further narrowing to ₹-1,870 crores in the TTM. The earnings per share (EPS) remained negative throughout the period, at ₹-14.53 in March 2020 and reaching ₹-5.15 in March 2024. The company maintained a 0% dividend payout over the period, indicating a conservative approach to cash management amid ongoing financial challenges.
FAQS
As of September 4, 2024, Reliance Power share price is at ₹31.1.
Based on our various analyst reports and market trends, Reliance Power share price target for 2030 is expected to trade in a range from ₹67.30 to ₹104.57 in 2030.
Reliance Power share price target for 2025 suggests it could be trading between ₹26.56 to ₹40.55.
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Conclusion
Reliance Power Limited, despite facing challenges over the past few years, has demonstrated a commitment to stabilizing its financial health and positioning itself for future growth. While the company has navigated through periods of fluctuating revenues and significant expenses, recent efforts to manage debt and improve financial stability signal a proactive approach to overcoming these obstacles. The substantial decrease in interest expenses and the recovery in other income reflect a strategic focus on financial optimization. With an anticipated gradual improvement in share prices from 2024 to 2030, Reliance Power is set to benefit from its diversified energy portfolio and its ongoing commitment to sustainable practices. The positive forecast for its stock price, particularly a projected maximum of ₹104.57 in December 2030, underscores a promising outlook for investors as the company continues its trajectory towards recovery and growth.
What did we learn?
- 1 Recent News on Reliance Power Ltd
- 2 Shareholding Patterns of Reliance Power Limited
- 3 How to purchase Reliance Power Limited shares?
- 4 Reliance Power Share Price Prediction: 2024 to 2030
- 4.1 Reliance Power Share Price Prediction 2024
- 4.2 Reliance Power Share Price Prediction 2025
- 4.3 Reliance Power Share Price Prediction 2026
- 4.4 Reliance Power Share Price Prediction 2027
- 4.5 Reliance Power Share Price Target 2028
- 4.6 Reliance Power Share Price Prediction 2029
- 4.7 Reliance Power Share Price Target 2030
- 5 Financial Condition of Reliance Power: Last 5 years
- 6 FAQS
- 7 Conclusion
