Reliance Power (NSE: RPOWER) share price: Following this budget interim, people are mainly looking to invest in shares of energy and power. However, some of the power stocks are still in the red zone. One of them is Anil Ambani’s company Reliance Power.
The majority of the companies belonging to Anil’s Reliance Group are in the penny stock category. Reliance Power is also included in this category.
What Is The Current Share Price?
The share decreased 0.34 percent to trade at the price of Rs 28.90 which was the last trade day for this week. The lowest price of the stock was Rs 9.05 and the high level was 33.15. On January 8, the price was at 33.10.
This was also the 52-week record high for the share. We will tell you that on the 28th of March 2023, the value of these shares was 9.05.
This was the 52-week lowest price of the stock. On 23 May 2008, the share price was at Rs 274.81.
The Next Meeting Will Be Held On 3 February
Saturday is a significant date in the history of Reliance Power.
Indeed, Reliance Power Limited had informed its shareholders at the Bombay Stock Exchange that the meeting of the board of directors of the company is scheduled to take place on the 3rd of February 2024.
The results of the period ending in December 2023 will be released at the meeting.
The loss of Reliance Power in September totaled R s237.76 crore. The quarter’s earnings increased to 2130 crore.
Information About The Pattern Of Shareholding :
When we look at the shareholding patterns that were held by Reliance Power till December, the promoter’s stake was 24.49 percent.
The public shares were 75.51 percent. The promoter Anil Ambani holds 4,65,792 shares of the company.
Alongside individual promoters, they comprise Reliance Group company Reliance Infra. Reliance Infra holds 93,01,04,490 shares of the company.
Anil Ambani’s spouse Tina Ambani holds a total of 4,12,708 shares. The two children of Anil Ambani have about 4,17,500 shares.
We can inform the world this: Reliance Power along with its subsidiaries is involved in the production of electricity in India.
The company is operating with a power production capability in the range of 416 GW. The company was founded in 1995.
About Reliance Power Limited
Reliance Power Limited, together with its subsidiaries, participates in the production of electricity in India. The portfolio of power projects is built around gas, coal hydro, wind along with solar.
The company boasts the capacity to generate power in operation which is 416 GW. This company was founded in 1995.
It owns and operates the Sasan Super Mega Power station with 3960 milliwatts of power capacity located within Madhya Pradesh; a 1,200 MW Rosa power plant located in Uttar Pradesh.
Also, the Butibori power plant, which has a capacity of 600 milliwatts within Maharashtra; the Vashpet power plant with a capacity of 45MW within Maharashtra; Dhursar solar power plant which has a capacity of 40MW located in Rajasthan.
Solar CSP power plant that produces 100MW in Rajasthan & Krishnapatnam Ultra Mega Power project that has the capacity of 3,960 MW located in Andhra Pradesh.
Fundamental Analysis of Reliance Power Limited
| Market Cap | ₹ 10,976 Cr. |
| Current Price | ₹ 28.90 |
| 52-wk High | ₹ 33.15 |
| 52-wk Low | ₹ 9.05 |
| Stock P/E | – |
| Book Value | ₹ 34.3 |
| Dividend | 0.00 % |
| ROCE | 3.42 % |
| ROE | -11.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 0.84 |
| OPM | 10.8 % |
| EPS | ₹ -3.61 |
| Debt | ₹ 20,605 Cr. |
| Debt to Equity | 1.60 |
Reliance Power Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹35 | ₹52 |
| 2025 | ₹58 | ₹87 |
| 2026 | ₹100 | ₹143 |
| 2027 | ₹154 | ₹165 |
| 2028 | ₹176 | ₹200 |
| 2029 | ₹216 | ₹254 |
| 2030 | ₹287 | ₹300 |
Reliance Power Limited Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 25.00% |
| Mar 2023 | 24.99% |
| June 2023 | 24.99% |
| Sept 2023 | 24.50% |
| Dec 2023 | 24.50% |
| FII Holding | |
| Dec 2022 | 7.83% |
| Mar 2023 | 7.35% |
| June 2023 | 7.34% |
| Sept 2023 | 7.66% |
| Dec 2023 | 8.37% |
| DII Holding | |
| Dec 2022 | 3.27% |
| Mar 2023 | 3.17% |
| June 2023 | 3.17% |
| Sept 2023 | 5.16% |
| Dec 2023 | 5.19% |
| Govt. Holding | |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Dec 2023 | 0.01% |
| Public Holding | |
| Dec 2022 | 63.88% |
| Mar 2023 | 64.47% |
| June 2023 | 64.49% |
| Sept 2023 | 62.67% |
| Dec 2023 | 61.95% |
Reliance Power Limited Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹8,201 Cr |
| 2020 | ₹7,562 Cr |
| 2021 | ₹7,934 Cr |
| 2022 | ₹7,503 Cr |
| 2023 | ₹7,650 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-2,952 Cr |
| 2020 | ₹-4,271 Cr |
| 2021 | ₹454 Cr |
| 2022 | ₹-915 Cr |
| 2023 | ₹-1,414 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.56 |
| 2020 | 2.04 |
| 2021 | 1.68 |
| 2022 | 1.85 |
| 2023 | 1.83 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | – |
| 3 Years: | – |
| Current Year: | -125% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 2% |
| 5 Years: | -3% |
| 3 Years: | -6% |
| Last Year: | -12% |
Last 10 Years’ Sales Growth:
| 10 Years: | 4% |
| 5 Years: | -5% |
| 3 Years: | 0% |
| Current Year: | 0% |
Conclusion
This article is a complete guide about Reliance Power Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
