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Reliance Power Limited (RPOWER) Fair Value & Analysis

Utilities · IN · Market cap ₹110B

RP Reliance Power Limited RPOWER · NSE
Price₹25.70
Fair Value₹22.79
Upside-11.3%
Quality40/100
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Evidence: High Range ₹13.28 – ₹36.70

Fair value as of: Jul 3, 2026

From 16 valuation models · updated today

Share price −5.1% over the past month.

Price vs Fair Value (12 months)

₹66.05 ₹20.36 Fair Value ₹22.79 Jul 2025 Jul 2026

12‑month range ₹20.36 – ₹66.05 · fair‑value band ₹13.28 – ₹36.70 · the ₹25.70 price screens above the ₹22.79 fair value. As of Jul 3, 2026.

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Analysis

Reliance Power Limited (RPOWER) currently trades at ₹25.70, while our model-based Fair Value estimate is ₹22.79 — implying the stock looks roughly 11.3% overvalued today. We read business quality at 40/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Reliance Power Limited generated revenue of ₹76.2B at a net margin of -4.4%. Revenue declined 4.6% year over year. It earns a return on equity of -2.1%. Net debt stands at ₹136B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹76.2B
Revenue growth (YoY) -4.6%
Net margin -4.4%
Return on equity -2.1%
Free cash flow ₹16.0B FY2026
Operating margin 19.7%
More key figures
EPS (TTM) ₹-0.8200
EPS growth (YoY) -38.1%
Net debt ₹136B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Reliance Power Limited, together with its subsidiaries, engages in the development, construction, and operation of power projects in India and internationally. Its portfolio of power projects is based on coal, gas, hydro, wind, and solar energy. The company owns and operates Sasan ultra mega power project, a coal-based power plant with a capacity of 3,960 megawatts; Rosa coal-based power project, with a capacity of 1,200; Butibori power project, a coal-based thermal plant with a capacity of 600 megawatts; Dhursar solar photovoltaic power project with a capacity of 40 megawatts; a concentrated solar power project with a capacity of 100 megawatts; and Ultra Mega power project, a coal-based power plant with a capacity of 3,960 megawatts. It also engages in the development of coal mines in India, including The Moher and Moher Amlohri Extension coal block, as well as the operation of a coal mine concessions in Indonesia. Reliance Power Limited was incorporated in 1995 and is based in …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Reliance Power Limited reported revenue of ₹76.2B in FY2026 versus ₹75.0B in FY2022, a compound +0.4%/yr. Reported net income was −₹3.4B in FY2026.

Revenue +0.4%/yr
FY22 ₹75.0B
FY23 ₹75.1B
FY24 ₹78.9B
FY25 ₹75.8B
FY26 ₹76.2B
Net income
FY22 −₹9.6B
FY23 −₹4.7B
FY24 −₹20.7B
FY25 ₹29.5B
FY26 −₹3.4B

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Similar stocks

6 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $242.30 $55.15 -77%
Vistra Corp VST $157.97 $38.37 -76%
Adani Power Limited ADANIPOWER ₹220.58 ₹48.27 -78%
CGN Power Co 003816 ¥4.26 ¥2.10 -51%
Gulf Development Public Company GULF 63.00 THB 15.05 THB -76%
NRG Energy, Inc NRG $135.06 $51.13 -62%

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Frequently asked questions

Is Reliance Power Limited (RPOWER) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹22.79 versus a price of ₹25.70 — about −11% (overvalued). Model-based estimate, not financial advice.
What is the fair value of RPOWER?
Our model-based fair value for Reliance Power Limited is ₹22.79 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹25.70.
What is the quality score of RPOWER?
Reliance Power Limited has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Reliance Power Limited (RPOWER)?
Reliance Power Limited reported trailing-twelve-month revenue of about ₹76.2B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of RPOWER?
The net profit margin of Reliance Power Limited is about -4.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.