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₹26 Share Hit Back To Back 3 Days Upper Circuit; Don’t Ignore This Ambani Family Share

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Reliance Power Ltd (NSE: RPOWER): Reliance Power share is making waves on the stock market. 

Reliance Power’s shares hit 5 percent upper circuit on Friday to Rs 26.27. Reliance Power’s shares are in the green for a third day and Hit Back To Back 3 Days Upper Circuit.

Shares of the company have risen after an important update on loan repayment. 

Reliance Power announced in its filing on the exchange that it has settled all of its borrowings with DBS Bank India according to the settlement agreement. 

The assets of the 45-MW wind project are now completely debt-free.

News Of The Settlement Of Debts By 3 Banks

Reliance Power paid the debts of three banks last week, ICICI Bank Axis Bank, and DBS Bank. Reliance Power provided an update on the loan settlement with DBS Bank after this report. 

An officer from a commercial banking firm has stated that Anil Ambani’s company Reliance Power aims to be debt-free at the end of this financial year. 

He stated that the only outstanding debt in the books of the company would be the IDBI Bank working capital loan.

Reliance Power Shares Soared 2225 Percent

Reliance Power’s shares have increased by 2225 percent over the past 4 years. Reliance Power shares were worth Rs 1.13 as of March 27, 2020. 

Anil Ambani’s power company shares reached Rs 26.27 by March 22, 2024. The shares of the company increased by 155 percent over the last year. 

Shares of the company have increased by 155 percent in the past year. Reliance Power has a 52-week high of Rs 33.10. Reliance Power’s 52-week low is Rs 9.05.

About Reliance Power Limited Company

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₹ 10,024 Cr.
Current Price₹ 26.30
52-wk High₹ 33.15
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 Value0.77
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
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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%
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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 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
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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%

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. 

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