back to top
HomeSHARE MARKET₹23 Share Will Debt Free By The End Of 2024; More Than...

₹23 Share Will Debt Free By The End Of 2024; More Than 20% Return In 5 Days

Hot Stocks Alert Join

Reliance Power Limited (NSE – BE: RPOWER): There is a strong rise in the shares of Reliance Power, a company owned by Anil Ambani. Shares of Reliance Power reached Rs 23.90 on Wednesday with an upper circuit of 5 percent. 

The shares of the company have risen by over 20% over the past five days. It is reported that Reliance Power settled the loan of ICICI Bank, Axis Bank, and DBS Bank last week. 

The information was reported that A senior executive of a commercial bank has said, ‘Reliance Power wants to be debt-free by the end of this financial year.’

The only loan that is on the books of the company will be an operating capital credit issued by IDBI Bank.

Company’s Shares Rose 2000% In 4 Years

Reliance Power shares have seen tremendous growth in the last 4 years. The company’s shares have appreciated almost 2000% over the past four years.

Shares of Reliance Power were at Rs 1.13 on March 27, 2020. The shares of the company owned by Anil Ambani reached Rs 23.83 on March 20, 2024. 

In the last year, the shares of Reliance Power have risen by almost 130%. The 52-week high of the shares of the company is 33.10. In the same way, the 52-week low in Reliance Power shares is Rs 9.05.

Reliance Infra Is Ready To pay Rs 2100 Crore

The parent of Reliance Power’s company Reliance Infrastructure is also preparing to pay the outstanding dues of 2100 crores of JC Flowers Asset Reconstruction Company. Shares of Reliance Infrastructure also rose by 2% to Rs 248.10 on Wednesday. 

In the last 4 years, Reliance Infra shares have risen by about 2550%. The company’s shares were at Rs 9.20 on March 27, 2020. 

Shares of Reliance Infra have reached Rs 248.10 on March 20, 2024. The 52-week highest level in Reliance Infra shares is Rs 234.

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₹ 9,082 Cr.
Current Price₹ 23.90
52-wk High₹ 33.2
52-wk Low₹ 9.05
Stock P/E
Book Value₹ 34.3
Dividend0.00 %
ROCE3.42 %
ROE-11.8 %
Face Value₹ 10.0
P/B Value0.65
OPM10.8 %
EPS₹ -3.61
Debt₹ 20,605 Cr.
Debt to Equity1.60

Reliance Power Limited Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹35₹52
2025₹58₹87
2026₹100₹143
2027₹154₹165
2028₹176₹200
2029₹216₹254
2030₹287₹300
Hot Stocks Alert Join

Reliance Power Limited Shareholding Pattern

Promoters Holding
Mar 202324.99%
June 202324.99%
Sept 202324.50%
Dec 202324.50%
Mar 202423.24%
FII Holding
Mar 20237.35%
June 20237.34%
Sept 20237.66%
Dec 20238.37%
Mar 202413.16%
DII Holding
Mar 20233.17%
June 20233.17%
Sept 20235.16%
Dec 20235.19%
Mar 20244.94%
Hot Stocks Alert Join
Govt. Holding
Mar 20230.01%
June 20230.01%
Sept 20230.01%
Dec 20230.01%
Mar 20240.00%
Public Holding
Mar 202364.47%
June 202364.49%
Sept 202362.67%
Dec 202361.95%
Mar 202458.64%

Reliance Power Limited Share: Last 5 Years’ Financial Condition

To better understand 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
Hot Stocks Alert Join

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:

20191.56
20202.04
20211.68
20221.85
20231.83

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%

Sales Growth Over 10 Years:

10 Years:4%
5 Years:-5%
3 Years:0%
Current Year:0%

Conclusion

This article is a complete guide about Reliance Power Limited Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information 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.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here