RPOWER · Reliance Power Ltd · Electric Utilities
RPOWER · Reliance Power Ltd · Electric Utilities
As of 05 Nov close
52-week range
60.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,956 Cr
Revenue YoY
PAT YoY
+44.8%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.5
P/S (TTM)
1.2
Sector P/E
22.3
Dividend yield
0.0%
No peer comparison data on file for RPOWER.
Promoter
stable
FII
falling 1q
MF
0.64% (+0.08pp)
rising 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- loweconomictimes.indiatimes.com· 04 Nov 2026, 08:58 amIndia's stock market volatility since last Diwali saw 60 stocks lose up to 96%
- unknownthehindubusinessline.com· 31 Oct 2026, 08:41 amJio Platforms and RPower: A tale of two blockbuster IPOs
- mediumcorporate actionrediff.com· 21 Oct 2026, 08:49 pmJio Platforms IPO fully subscribed in 100 minutes, setting new record
- highcorporate actionrediff.com· 15 Oct 2026, 05:25 pmJio Platforms to Reliance Power: A look at India's 10 biggest IPOs
- lowbusiness-standard.com· 24 Sept 2026, 12:09 amDatanomics: NSE becomes fourth mega IPO to alter issue size since FY05
- lowthehindubusinessline.com· 07 Aug 2026, 04:23 pmStock Market Today Highlights, Aug 7: Sensex falls 456 points, Nifty slips as banking stocks drag markets lower
- mediumpromoter legalthehindubusinessline.com· 06 Aug 2026, 09:51 pmReliance Power Q1 PAT jumps 44% to ₹65 cr; flags CBI, ED probes & subsidiary debt challenges
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedReliance Power Limited (RPOWER) faces significant financial and legal challenges in FY2025-26. The company is under investigation by the Directorate of Enforcement (ED) for alleged fraud, with a former CFO arrested and assets provisionally attached. A corporate guarantee dispute involving a subsidiary led to an insolvency resolution process being initiated, casting doubt on the company's going-concern status. Additionally, the company received a show-cause notice from SEBI for alleged violations and is undergoing a forensic audit. Despite these issues, the standalone financial statements were prepared on a going-concern basis, and no defaults in loan repayments were reported as of March 31, 2026.
- Pending insolvency resolution process initiated due to a subsidiary's default of US$165.41 million, raising going-concern uncertainty.
- ED investigation into alleged fraud, with assets provisionally attached and a former CFO arrested.
- SEBI show-cause notice and forensic audit for alleged violations of SEBI Act, SCRA, and Companies Act.
- No defaults in loan repayments reported as of March 31, 2026, but significant contingent liabilities and disputes remain.
Key takeaway: Reliance Power Limited is grappling with severe legal and financial uncertainties, including insolvency proceedings, ED investigations, and regulatory scrutiny, despite no reported loan defaults as of March 2026.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (2 items); Default / Covenant Breach (2 items); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceRecent (last 12 months)
The auditor issued a qualified opinion on the consolidated financial statements of Reliance Power Limited and its subsidiaries as of March 31, 2026.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company was fined during the previous financial year for non-submission of No Default Statements to Credit Rating Agencies for the period July 2017 to June 2019 and fined during the financial year 2023-24 for an inadvertent and minor delay of one day in giving notice of record date for payment of interest on NCDs in March 2021.
Earlier (1-3 years ago)
RSTEPL is involved in a legal dispute with NVVN regarding a penalty claim of ₹26,240 lakhs for energy shortfall under their PPA. RSTEPL has filed a petition with the CERC challenging the claim, and NVVN has withheld ₹3,252 lakhs from RSTEPL's invoices until a stay was granted by the DHC.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The lender of Samalkot Power Limited (SMPL), a subsidiary, has invoked a corporate guarantee against the Company and demanded payment of overdue dues. The lender has initiated the Corporate Insolvency Resolution Process against the Company under section 7 of the Insolvency and Bankruptcy Code, 2016.
Earlier (1-3 years ago)
The company entered into a one-time settlement agreement with lenders for the settlement of its debts, recognizing a gain of ₹19,849 lakhs and reversing finance costs of ₹2,824 lakhs. The company has fully repaid its cash credit facility, discharging the entire obligation of the lender.
Investigation or enforcement mention
1 occurrenceRecent (last 12 months)
A whistle blower complaint relating to Sasan Power Limited, a wholly owned subsidiary of the Company, was investigated and resolved on May 8, 2026.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has disputed tax dues aggregating to ₹3,158 lakhs as of March 31, 2026.
Earlier (1-3 years ago)
Reliance Power Limited has contingent liabilities including bank guarantees of ₹14,471 lakhs and corporate guarantees of ₹1,58,231 lakhs issued for subsidiaries, disputed tax dues of ₹5,780 lakhs, and insurance surety bonds of ₹1,000 lakhs as of March 31, 2025.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
Reliance Power Limited is involved in a fake bank guarantee matter with Solar Energy Corporation of India, and a former key managerial personnel has been arrested in this matter.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
7.7% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).