Reliance Power Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results: Unlocking the potential of Reliance Power’s trajectory in the coming years necessitates a meticulous examination of its projected share price targets and the underlying fundamentals guiding its journey. With forecasts extending from 2024 to 2030, investors are presented with a roadmap illuminated by anticipated milestones. From an initial target of ₹29.22 in 2024 to a projected year-end target of ₹41.07, the trajectory continues its ascent, reaching a pinnacle between ₹127 and ₹53 by 2030. Amidst these projections, a comprehensive analysis of quarterly results and fundamental indicators becomes paramount, offering insight into the nuances shaping Reliance Power’s market presence and future prospects.
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In the dynamic world of stock markets, investors are constantly on the lookout for insights into the future performance of companies. One such entity that has garnered significant attention is Reliance Power Ltd. With its substantial presence in the power sector and the backing of one of India’s largest conglomerates, Reliance Group, investors are keen to understand the trajectory of its share prices in the coming years.
Reliance is a power-generation company with numerous projects across different states in India like Delhi and so on. For example, Dhirubhai Ambani Solar Park located in Rajasthan was constructed by Reliance Power. Reliance Power Ltd headquarters is based in Navi Mumbai, Maharashtra and has over 1,300 employees and was established in 1995 by Dhirubhai Ambani, the founder of Reliance Industries one of India’s biggest business person.
Latest Update -In an official filing with the regulatory body, the company stated that it had recorded a loss of Rs 296.31 crore during the first quarter (April – June) of the earlier 2023-24 financial year. However, during the second quarter of June 2024, Reliance Power’s cumulative losses reduced to just Rs 97.85 crore following increased revenue generation from its operations.
RPower Overview
The establishment of Reliance Power was aimed at developing, building and running power projects in India and abroad. Currently, it has a rich repertoire of power generation abilities. These are already functioning while others are under development, utilizing its diverse portfolio through its subsidiary companies.
| Company Name | Reliance Power |
|---|---|
| Listed at | NSE & BSE |
| Head Office | Reliance Centre, Ground Floor 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 |
| Board Of Directors |
|
| Official Website | reliancepower.co.in |
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Reliance Power Business Profile
The company can generate about 5,945 MW, 5,760 MW for thermal power and another 185 MW for renewable energy. During the financial year 2023, the company was not able to pay back approximately 270 crore Indian Rupees in loans plus another 250 crore rupees worth of interest.
Operational projects include 1200 MW ROSA project in Shahajahnapur, UP; 3960 MW UMPP at Sasan; 40 MW solar PV project in Dhursar, Rajasthan; 100 MW concentrated solar power project in Pokhran, Rajasthan; and 45 MW wind project in Vashpet, Maharashtra.
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Hydroelectric Power Projects
The company is establishing different hydro-electric power projects with 3438 MW capacity in Arunachal Pradesh, Himachal Pradesh and Uttarakhand. These projects are in different stages of development.
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Samalkot Power Project
The Company had an MOU with the Government of Bangladesh to construct a phased gas project for 3000 MW. In this connection, steps have been taken by Reliance Bangladesh LNG & Power Limited (subsidiary) to sign up long-term PPA for 718 MW (net) power supply from a combined cycle gas based power plant near Dhaka, Bangladesh (Phase-1).
On 2nd September 2019, the contracts of the project were signed. Additionally they have entered into an agreement with JERA Power International (Netherlands) – which is a subsidiary of JERA Co. Inc., Japan for a 49% stake in RBLPL.
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Issue & Conversion of Warrants
In Financial Year 2023, the company cleared VFSI Holdings Pte; Ltd and Rs21 crore warrants converted into equal equities priced at 15.55 while the firm also conferre preferred Rs 33 crore shares on Reliance Infrastructure Limited their main stakeholders in exchange for equal number of warrants.
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Reliance Power Fundamentals & Quarterly Results
| Market Cap | ₹ 10,524 Cr. |
| Current Price | ₹ 26.2 |
| High / Low | ₹ 34.4 / ₹ 11.0 |
| Stock P/E | |
| Book Value | ₹ 34.3 |
| Dividend Yield | 0.00 % |
| ROCE | 3.42 % |
| ROE | -11.8 % |
| Face Value | ₹ 10.0 |
| Debt to equity | 1.60 |
| Debt Capacity | -0.68 |
| Debt preceding year | ₹ 23,129 Cr. |
| Debt | ₹ 20,605 Cr. |
| Reserves | ₹ 9,016 Cr. |
| EPS | ₹ -3.61 |
| EPS last year | ₹ -1.26 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 3,417 Cr. |
| EVEBITDA | 27.0 |
| Industry PE | 27.0 |
| PEG Ratio | |
| Piotroski score | 4.00 |
| Earnings yield | 0.25 % |
Quarterly Results
| Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| sales | 1,847 | 1,796 | 1,846 | 2,063 | 1,864 | 1,886 | 1,730 | 1,922 | 2,052 | 1,947 |
| Expenses | 1,051 | 967 | 1,664 | 1,249 | 1,296 | 1,223 | 1,889 | 1,301 | 1,320 | 2,310 |
| Operating Profit | 796 | 829 | 182 | 814 | 568 | 663 | -159 | 621 | 732 | -363 |
| OPM % | 43% | 46% | 10% | 39% | 30% | 35% | -9% | 32% | 36% | -19% |
| Other Income | 48 | 63 | 32 | 44 | 73 | 49 | 1,170 | 37 | 117 | 184 |
| Interest | 652 | 663 | 603 | 638 | 665 | 650 | 574 | 620 | 725 | 607 |
| Depreciation | 276 | 270 | 257 | 258 | 255 | 253 | 266 | 261 | 263 | 262 |
| Profit before tax | -84 | -41 | -647 | -39 | -280 | -192 | 171 | -224 | -138 | -1,048 |
| Tax % | 6% | -35% | -1% | -162% | -12% | -28% | -50% | -32% | -72% | -8% |
| Net Profit | -79 | -55 | -651 | -102 | -313 | -245 | 257 | -296 | -238 | -1,137 |
| EPS in Rs | -0.39 | -0.29 | -1.63 | -0.47 | -1.00 | -0.80 | 0.86 | -0.79 | -0.64 | -3.04 |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM (Trailing Twelve Months) | |
|---|---|---|---|---|
| Compounded Sales Growth | 4% | -5% | 0% | 0% |
| Compounded Profit Growth | -125% | |||
| Stock Price CAGR | -9% | 33% | 62% | 113% |
| Return on Equity (ROE) | 2% | -3% | -6% | -12% |
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Promoters | 24.98% | 25.00% | 24.99% | 24.99% | 24.50% | 24.50% | 23.24% |
| FIIS | 7.97% | 7.83% | 7.35% | 7.34% | 7.66% | 8.37% | 13.01% |
| DIIS | 3.50% | 3.27% | 3.17% | 3.17% | 5.16% | 5.19% | 4.94% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% |
| Public | 63.56% | 63.88% | 64.47% | 64.49% | 62.67% | 61.95% | 58.80% |
| No. of Shareholders | 36,24,259 | 35,85,698 | 32,19,432 | 30,45,992 | 31,06,446 | 35,67,059 | 38,68,227 |
Reliance Power Ltd, a prominent entity listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), has been a subject of keen interest among investors. In this comprehensive article, we delve into the projected share price targets for RPOWER spanning from 2024 to 2030. Utilizing a blend of technical analysis, machine learning approaches, and market insights, we aim to provide a holistic view of the potential trajectory of RPOWER’s stock price over the next decade.
Year | Initial Target | Mid-Year Target | Year-End Target |
2024 | ₹29.22 | ₹36.62 | ₹41.07 |
2025 | ₹42 | ₹41 | ₹50 |
2026 | ₹51 | ₹47 | ₹56 |
2027 | ₹57 | ₹53 | ₹62 |
2028 | ₹63 | ₹59 | ₹69 |
2029 | ₹70 | ₹66 | ₹81 |
2030 | ₹83 | ₹78 | ₹93 |
Month | Target |
January | ₹42 |
February | ₹43 |
March | ₹44 |
April | ₹43 |
May | ₹42 |
June | ₹41 |
July | ₹43 |
August | ₹45 |
September | ₹47 |
October | ₹48 |
November | ₹49 |
December | ₹50 |
Month | Target |
January | ₹51 |
February | ₹52 |
March | ₹53 |
April | ₹51 |
May | ₹49 |
June | ₹47 |
July | ₹49 |
August | ₹51 |
September | ₹53 |
October | ₹54 |
November | ₹55 |
December | ₹56 |
Month | Target |
January | ₹57 |
February | ₹58 |
March | ₹59 |
April | ₹57 |
May | ₹55 |
June | ₹53 |
July | ₹55 |
August | ₹57 |
September | ₹59 |
October | ₹60 |
November | ₹61 |
December | ₹62 |
Month | Target |
January | ₹63 |
February | ₹64 |
March | ₹65 |
April | ₹63 |
May | ₹61 |
June | ₹59 |
July | ₹61 |
August | ₹63 |
September | ₹66 |
October | ₹67 |
November | ₹68 |
December | ₹69 |
Month | Target |
January | ₹70 |
February | ₹71 |
March | ₹72 |
April | ₹70 |
May | ₹68 |
June | ₹66 |
July | ₹69 |
August | ₹72 |
September | ₹75 |
October | ₹77 |
November | ₹79 |
December | ₹81 |
Month | Target |
January | ₹83 |
February | ₹85 |
March | ₹87 |
April | ₹84 |
May | ₹81 |
June | ₹78 |
July | ₹81 |
August | ₹84 |
September | ₹87 |
October | ₹89 |
November | ₹91 |
December | ₹93 |
Official Website reliancepower.co.in
To buy Reliance Power shares online, you’ll typically need to follow these steps:
- Open a Demat Account: If you don’t have one already, you need to open a Demat account with a brokerage firm. This account will hold your shares electronically.
- Select a Broker: Choose a reputable online brokerage platform that offers trading services for the stock market. Some popular options include Zerodha, Upstox, ICICI Direct, and HDFC Securities.
- Complete KYC: You’ll need to complete the Know Your Customer (KYC) process. This usually involves providing identity proof, address proof, and other relevant documents as per the guidelines of your chosen broker.
- Fund Your Trading Account: Transfer funds to your trading account. Most brokers allow you to do this through various methods like bank transfers, UPI, or debit/credit cards.
- Login to Your Broker’s Trading Platform: Access your brokerage’s online trading platform or app using your credentials.
- Search for Reliance Power (Symbol: RELPOWER): Use the search feature on the platform to find the Reliance Power stock. It’s usually listed under the stock symbol RELPOWER.
- Place an Order: Choose whether you want to place a market order (executed at the current market price) or a limit order (executed only at a specified price). Enter the quantity of shares you want to buy.
- Review and Confirm: Review your order details including the quantity and price. Once you’re satisfied, confirm the order.
- Payment: If you placed a market order, the purchase will be executed immediately, and funds will be deducted from your trading account. If it’s a limit order, it will only be executed when the stock reaches the specified price.
- Monitor Your Investment: Keep track of your investment by monitoring the stock’s performance through your brokerage account. You can also set up alerts for price movements or company news.
Remember, investing in the stock market involves risks, so make sure you’ve done your research and are comfortable with the investment before proceeding.
Conclusion
While our forecasts provide valuable insights into RPOWER’s potential trajectory, it’s imperative for investors to exercise caution and conduct thorough due diligence before making investment decisions. Market dynamics are inherently unpredictable, and unforeseen events could influence stock performance. As such, these projections should be viewed as guidelines rather than definitive predictions.
We extend our best wishes to investors embarking on their journey with RPOWER, and encourage prudent decision-making based on informed analysis and risk assessment. Remember, investing entails inherent risks, and seeking professional advice is advisable for tailored investment strategies.
FAQs
Reliance Power Share Price Target 2025 is between Rs 71 and Rs 27.
Reliance Power Share Price Target 2030 is predicted to remain between Rs 127 and Rs 53.
Reliance Power Share Price Target 2024 is between Rs 45 and Rs 14.
Reliance Power share price Today Live Updates is available on groww, upstox.