Reliance Power share price today

Reliance Power Ltd's share price was ₹18.43 at the close on 4 November 2026. It has been falling for 52 weeks. That is 28.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹16 and ₹41, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Reliance Power Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

Over the last 11 years the share price moved −60% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: profit grew again in the June 2026 quarter.

1. Profit grew again in the June 2026 quarter

   Profit was ₹65 crore, +44.4% on a year earlier (₹45 crore), after 3 quarters of decline.

For April to June 2026 (the quarter ended 30 June 2026), Reliance Power reported revenue of ₹1,956 crore, up 3.7% from ₹1,886 crore a year earlier, and a profit of ₹65.0 crore, up 44.4% from ₹45.0 crore.

Reliance Power results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Reliance Power closed at ₹18.43 on 4 November 2026, down 53.0% from ₹39.19 a year earlier (7 November 2025) and up 28.9% over five years. Its highest weekly close since March 2016 was ₹69.18 on 27 June 2025.

Reliance Power share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Reliance Power closed at ₹18.43, up 2.9% on the week and down 5.0% on the month. Results for April to June 2026: Revenue up 3.7% and profit up 44.4% on a year earlier.

Reliance Power has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Reliance Power Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Reliance Power is on 2 of our India lists: Penny stocks and Power & green energy stocks.

Reliance Power Ltd earned ₹65.0 Cr of net profit in the Jun 2026 quarter, +44.4% on the same quarter a year earlier. The full FY26 year was a loss of ₹337 Cr. That is 3.3% of the quarter's revenue. The same quarter a year earlier earned ₹45.0 Cr. 5 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹337 Cr (−111.4% on the year before).

Why profit moved: revenue changed +3.7% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −146.3% and revenue +3.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Reliance Power Ltd reported ₹1,956 Cr of revenue in the Jun 2026 quarter, +3.7% on the same quarter a year earlier. Over 10 years it has grown −3.0% a year on average. The last full year, FY26, came in at ₹7,620 Cr. The last four reported quarters add to ₹7,690 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹7,620 Cr, +0.5% on the year before.

Recent pace: the last four quarters grew +3.1% on average, against −3.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +2.8%, against −1.8% a year over the last 8 quarters (accelerating).

Reliance Power Ltd's operating margin was 29.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 15.0% and 48.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed −3.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 246% of Reliance Power Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,824 Cr of operating cash against −₹337 Cr of profit. After ₹247 Cr of spending on assets, ₹2,577 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 246% of profit came in as cash: the cash cycle got 48 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Reliance Power Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 63 days in FY26, down from 111 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹2,631 Cr.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹7,620 Cr, each day of that cycle ties up about ₹20.9 Cr, so roughly ₹1,315 Cr is tied up in the business at any time.

Over the last 3 years, money from selling assets was ₹2,631 Cr more than it spent on new ones. Work still in progress is ₹1,720 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Reliance Power Ltd's P/E is 2,124.1×, about the highest it has ever been. Its usual P/E (the middle reading) is 12.4×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.