Are you looking for the best stock in the Electric Utility Sector? Then, we found the Reliance Power Ltd (NSE: RPOWER) stock is best for you. It is one of the strong fundamentals and growth potential stocks. This stocks has the greater potential to become the top leading company in Global Market. The company ongoing project, upcoming strategy and string financial attract the many investors.
In this article, you will explore the Reliance Power Ltd Share Price Target for upcoming years like 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2040, 2045 & 2050. You will also get the Future potential factors and fundamental analysis of the stocks. Read ahead for in-depth details.
About Reliance Power Ltd
Reliance Power Ltd (R-Power) is part of the Reliance Group. It was previously known as Reliance Energy Generation Limited (REGL). The company develops, constructs, operates, and maintains power projects in the Indian and international markets. Dhirubhai Ambani incorporated R-Power on 17 January 1995. The company’s major products are Electrical power and natural gas. Peliance Power is one of the biggest names in the Electric Utility Industry. The current chairman of R-Power is Anil Ambani, and the CEO is Neeraj Parakh.
The Reliance Power’s key services are Electricity generation and distribution, natural gas exploration, production & and transportation. The company has close to 6000 MW of operational power generation assets. Apart form this, the company has various ongoing project, which is under development that include three coal-fired projects to be fueled by reserves from captive mines and supplies from India and elsewhere; one gas-fired project; and twelve hydroelectric projects, six of them in Arunachal Pradesh, five in Himachal Pradesh and one in Uttarakhand.
However, Reliance Power’s project portfolio also includes the 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh. The UMPPS is a key part of the Government of India’s initiative to collaborate with power generation companies to set up 4,000 MW projects to mitigate the country’s power shortage. The company aims to attain global best practices and become a leading power-generating company.
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Historical Performance of Reliance Power Share
Reliance Power Ltd started its journey on the stock market on 11 February 2008. However, the market was still reeling after the January 2008 stock market volatility. There were concerns over speculation that the stock issue price was overpriced, so the stock fell sharply soon after listing.
At the end of the first day, the stock traded at a price 17% lower than its issue price of ₹450. Investors who were expecting the stock to reach 1.5 or even double the issue price incurred substantial losses in the process. To mitigate investors’ losses, Reliance Power decided to issue 3 bonus shares for every 5 shares held on 25 February 2008.
In the initial years, the stock faced a huge decline. Between January 2008 to January 2010, the R-Power Share Price decreased by ₹80 (33.46%). Again, from 2010 to 2013, the company’s stock fell by -₹64(40.02%). From 2013 to 2019, the stock of Reliance Power again declined by ₹68.35(71.20%).
Until 2021, the Share Price continuously declined. In March 2020, the stock reached a price of ₹1.15, the lowest of all time. Reliance Power share price has been rising steadily after 2022, crossing the ₹40 range in 2025. But still, the stock is trading below its opening price.
Reliance Power Ltd Fundamental Analysis
| Metric | Value |
| Market Cap | ₹ 16,441 Cr. |
| 52-Week High | ₹54.2 |
| 52-Week Low | ₹23.3 |
| Face Value | ₹10.0 |
| Book Value | ₹35.8 |
| Return on Equity (ROE) | -17.5 % |
| Return on Capital Employed (ROCE) | 1.43 % |
| P/B Ratio | 1.12 |
| P/E Ratio | 6.75 |
| Dividend Yield | 0% |
| Sales Growth (YoY) | -4.68% (Dec 2024) |
| Profit Growth (YoY) | 103.34% (Dec 2024) |
| Promoter Holding | 23.26% |
| Net Profit Margin | — |
| Debt-to-Equity Ratio | 0.53 (March 2024) |
Reliance Power Share Price Target 2025
Reliance Power is working in electricity sector in India and collaborating with government as well as private firms as recently they have expressed to invest approximately ₹10,000 crore in BESS in their ongoing solar energy project. As the company is one of the largest electricity producing company in Asia, share price holders are waiting to reflect benefits of the company profile in their returns.
Currently, the National stock exchange is closing at ₹40.82 in the first week of May 2025. The company has regularly grown their share price since 3rd March 2025, and has grown the share price from ₹32.92 to ₹40.82. The company is expecting to follow the same growth pattern and close the year with a share price of ₹55 in December 2025.
| Share Price Target 2025 | Amount |
| Minimum Share Price | ₹35 |
| Maximum Share Price | ₹55 |
Reliance Power Share Price Target 2026
The company have a total market cap of ₹16361 crore in 2025, where most of the families are using Reliance Power services for electricity purposes. The average volume of the company is approximately ₹3.98 crore. From this share price, agencies are forecasting the share price of Reliance Power to range between ₹50 to ₹79 in 2026.
| Share Price Target 2026 | Amount |
| Minimum Share Price | ₹50 |
| Maximum Share Price | ₹79 |
Reliance Power Share Price Target 2027
Reliance Power have generated total revenue of ₹1853 crore in the last quarter of 2024 in December 2024. With Avenue, the company have spent ₹600 crore as operating expenses in this quarter; with this calculation, the net income of the company was ₹41.95 crore in December 2024.
It has given a 2.24 net profit margin to all the shareholders in the company. The growth pattern of Reliance Power is expected to follow the same earnings in the next 2 to 3 years, where beneficiaries can see the share price range between ₹80 to ₹115 in 2027
| Share Price Target 2027 | Amount |
| Minimum Share Price | ₹80 |
| Maximum Share Price | ₹115 |
Reliance Power Share Price Target 2028
According to the latest reports, the company have total liabilities of ₹32146 Crore in 2024, while they still have sufficient assets to cover their liabilities with a total value of ₹43760 Crore value of assets. As compared to the previous year’s pattern of assets and liabilities, both have decreased in 2024 by 9.8% and 8.8%, respectively.
With this balance sheet pattern, the company have total equity of ₹11614 crore in 2024. It is giving 0.15% return on assets and 0.22% return on capital. Shareholders will see a very small increment in share price in 2028, which is expected to range between ₹100 rupee to ₹120.
| Share Price Target 2028 | Amount |
| Minimum Share Price | ₹100 |
| Maximum Share Price | ₹120 |
Reliance Power Share Price Target 2029
If we analyse the 52-week performance of the share price of Reliance Power Limited, then we can understand the variation between the low price and the high price in the past 52 weeks. The company have recorded a maximum share price in 52 weeks of ₹53.64 on 3 October 2024. However, the minimum price was recorded as ₹23.30 on 5 June 2024.
So, you can see the company have recovered their price difference 4 to 5 months between June to October 2024. However, the share price has also decreased in February 2025, but it is again recovering and increasing day by day, with a daily volatility of 3.45. Such growth patterns indicate that the company can reach up to ₹145 per share by the end of December 2029
| Share Price Target 2029 | Amount |
| Minimum Share Price | ₹35 |
| Maximum Share Price | ₹145 |
Reliance Power Share Price Target 2030
2030 is one of the most targeted years for long-term investors. Many investors are continuously looking for growing companies and investing their assets for the next 5 years by hoping to collect huge returns. The current activities of the company are in getting Reliance Power to strengthen its potential in green energy. So, if the company achieve their goal, investors will see higher returns in 2030, which are expected to range between ₹130 to ₹175.
| Share Price Target 2030 | Amount |
| Minimum Share Price | ₹130 |
| Maximum Share Price | ₹175 |
Reliance Power Share Price Target 2035
The power sector is one of the famous investment sectors where individuals can invest with a long-term investment goal to collect higher returns. However, the company is already offering their electricity services to users, but now, after green energy evaluation, the company is actively participating in battery manufacturing units such as they recently tied a bond with solar energy corporation of India – SECI a 25 year power purchase agreement – PPA on Friday, 2nd May 2025.
The deal will enable the company to produce 930 MW of electricity from solar energy and a 465 MWh battery energy storage system – BESS. So, after implementing the program, the share price of the company will rise and will give a share price range between ₹220 to ₹270 in 2035
| Share Price Target 2035 | Amount |
| Minimum Share Price | ₹220 |
| Maximum Share Price | ₹270 |
Reliance Power Share Price Target 2040
The world is switching to electric battery-based electronic items. Delhi government is programming to convert all the petrol diesel and CNG based public vehicles with electric vehicles. They recently announced a ban on diesel and petrol vehicles by 2026. Such initiatives are forcing the importance of electric vehicles and battery market.
Most of the power units,, including SuzloPowerer, Tata Power and Reliance Power too are also investing in long-term production of batteries and green electricity such as solar power, thermal Power, etc.,, so the leadership of the company can turn direction of the growth from down to up in with long term goal. It is expected to reach a share price range between ₹350 to ₹420 in 2040.
| Share Price Target 2040 | Amount |
| Minimum Share Price | ₹350 |
| Maximum Share Price | ₹427 |
Reliance Power Share Price Target 2045
Reliance Power Limited is owned by Anil Ambani. He is one of the strong pillars of the Reliance group and is focused on getting back the sovereignty of the company in India. People are now planning to generate their electricity on their rooftop by installing solar panels and looking for alternatives to wired electricity.
Since the company is working with the government project of solar panel installation in the fields of farmers and rooftops of house owners. So it will further gain new users and customers in their electricity providing project, which will strengthen the share price of the company and is expected to range between ₹480 to ₹540 in 2040.
| Share Price Target 2045 | Amount |
| Minimum Share Price | ₹480 |
| Maximum Share Price | ₹540 |
Reliance Power Share Price Target 2050
Reliance Power had a total of ₹50,781.83 crore in 2020, while it had liabilities of ₹40,121 crore in 2020. However, the company is observing to reduce their assets by ₹43760 crores in 2025, but the liabilities have also decreased by ₹32,146 crores. So, they have a balanced ratio of assets and liabilities and will follow the same. Once they recover all the liabilities of the company, the share price will increase automatically, which is supposed to range up to ₹597 in 2050.
| Share Price Target 2050 | Amount |
| Minimum Share Price | ₹540 |
| Maximum Share Price | ₹597 |
Reliance Power Share Price Target 2025 to 2050
Here is the overview of the year-wise Share Price Target of Reliance Power Ltd from 2025 to 2050. Look at the table below:
| Year | Share Price Target |
|---|---|
| 2025 | ₹35 – ₹55 |
| 2026 | ₹50 – ₹79 |
| 2027 | ₹80 – ₹115 |
| 2028 | ₹100 – ₹120 |
| 2029 | ₹35 – ₹145 |
| 2030 | ₹130 – ₹175 |
| 2035 | ₹220 – ₹270 |
| 2040 | ₹350 – ₹427 |
| 2045 | ₹480 – ₹540 |
| 2050 | ₹540 – ₹597 |
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R-Power Investment Risk & Opportunity
Before investing in any stock, investors should analyse the Risk and Opportunity factors of all stocks. The Reliance Power Stock Investment Risk & Opportunity is given below:
R-Power Stocks Investment Risk:
Reliance Power has a low interest coverage ratio, and the company has delivered a poor sales growth of -0.76% over the past five years. The company is continuously losing shareholder money, and it has reported a negative ROE (-12.2%) for 3 consecutive years. These factors have raised concerns among investors. R-Power earnings include other income of ₹3,992 Cr. If the company resolve these issues, it will increase the trust of investors and shareholders in the company.
Opportunity Factors to Invest in Reliance Power Ltd:
- If we look at the company’s financials, then we realise that the company reported massive growth, and it has also reduced debt. The Reliance Power Stock is trading at 1.12 times its book value, and Debtor days have improved from 121 to 76.3 days. Apart from it, the company also closed many national and international projects. This project makes R-Power one of the leading brands in Power Generation and Distribution.
- The Company is developing various hydroelectric power projects of ~3438 MW capacity, located in Arunachal Pradesh, Himachal Pradesh, and Uttarakhand. All the projects are at different stages of development. The company also include the new project named Samalkot Power Project (SMPL) in its portfolio, which was signed in 2019 with the Government of Bangladesh to develop a gas-based project of 3000 MW capacity in a phased manner.
Shareholding Pattern of Reliance Power Ltd
| Category | Holding (%) |
|---|---|
| Public | 60.22% |
| Promoter | 23.26% |
| FII (Foreign Investors) | 13.21% |
| Other Institutions | 2.91% |
| Mutual Funds | 0.38% |
Cash Flow of R-Power Ltd
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Operating Activities | 307.18 | 49.64 | 36.31 | -9.94 | 43.49 |
| Investing Activities | -267.09 | -7.38 | 7.66 | -1.70 | -11.10 |
| Financing Activities | -46.19 | -42.17 | -42.57 | 10.62 | -21.77 |
| Net Cash Flow | -6.10 | 0.09 | 1.40 | -1.02 | 10.62 |
Reliance Power Ltd Peer Comparison
| Company | Market Cap (₹ Cr) | 1-Year Return | P/E Ratio (TTM) | Price/Book Ratio |
|---|---|---|---|---|
| NTPC | ₹3,388.98 | -5.30% | 15.42 | 2.01 |
| Power Grid Corp. of India | ₹2,883.19 | -1.15% | 18.55 | 3.13 |
| Adani Power | ₹2,209.64 | -5.79% | 17.09 | 3.95 |
| Adani Green Energy | ₹1,565.5 | -44.69% | 108.77 | 14.84 |
| Tata Power | ₹1,240.75 | -15.19% | 32.46 | 3.69 |
| Adani Energy Solutions | ₹1,158.88 | -8.37% | 109.26 | 5.52 |
| NHPC | ₹857.44 | -12.90% | 31.54 | 2.14 |
Conlusion
Reliance Power is one of the leading companies in the Electric Utility industry. The company is working on national & international projects. Despite a turbulent journey in the stock market, the company has the potential to become a multibagger return stock in the upcoming Years. With a diverse portfolio of both operational and under-development power generation projects, including hydro and gas-based ventures.
R-Power aims to strengthen its position in India’s energy sector and has a mission to leading power generating company in the global market. However, the stocks are expected to be high in upcoming years, but the investors have to perofmed their analysis and should analyse the microeconomic factors and updates of the company. They also have to focus on the experts’ advice about Reliance Power Ltd.
FAQs
What is the share price target for RPower in 2035?
The RPower share price is expected to fluctuate between ₹220 – ₹270 in 2035.
What will be the Reliance Power price in 2030?
The Reliance Power Share Price Target for 2030 could be ₹130 to ₹175.
What is the future of R Power in 2030?
The Reliance Power Share Price could increase up to 40% to 50% by the end of 2030, because of its ongoing national and international projects.
What is the target of Reliance Power in 2050?
The Reliance Power Ltd Share Price is expected to be between ₹540 to ₹597 till 2050.
Disclaimer: Stock market investments are subject to risks. The provided information is given for educational purposes. The predictions provided are based on research and past trends, and investors should do their own analysis before making financial decisions. Make sure to ask and consult with industry experts and investors
This analysis of Reliance Power Ltd seems quite optimistic, but I wonder if it fully considers the risks involved. The company’s ambitious projects and growth potential are impressive, but what about the challenges in the energy sector, like regulatory changes or environmental concerns? The mention of coal-fired projects raises questions about sustainability—how does Reliance Power plan to balance growth with environmental responsibility? The stock’s history of volatility also makes me cautious—what steps is the company taking to ensure stability for investors? The long-term projections are intriguing, but are they realistic given the current market conditions? Lastly, how does Reliance Power compare to its competitors in terms of innovation and efficiency? I’d love to hear more about these aspects before making any investment decisions. What do you think?
Thank you for your insightful comment — you’ve raised some very valid points.
You’re absolutely right that while the analysis highlights Reliance Power’s growth potential, it’s equally important to consider the risks and challenges the company may face. The energy sector is evolving rapidly, and factors like regulatory changes, environmental policies, and the global shift toward sustainability can significantly impact long-term performance.
Reliance Power’s involvement in coal-based projects does raise environmental concerns. However, the company has also shown interest in diversifying its energy portfolio, including exploring cleaner and renewable energy sources. It will be crucial to see how effectively they transition toward greener alternatives to align with global sustainability goals.
As for the stock’s volatility, past trends do show fluctuations, which can make investors cautious. The company’s focus on debt reduction and restructuring efforts could be a step toward improving financial stability, but consistent execution will be key.
When comparing with competitors, Reliance Power does lag in terms of innovation, especially when compared to companies more actively investing in renewables and modern energy solutions. Efficiency and future adaptability will be vital for staying relevant.
Overall, I believe there’s potential, but with significant caveats. A balanced view that weighs both growth prospects and sector-specific risks is essential before making any investment decisions. I appreciate your thoughtful input—it adds great depth to the discussion.