Reliance Power is a part of Reliance Group, founded by Anil Ambani. The company is dedicated to energy generation, in the following projects. These projects are coal, gas, solar energy, wind energy, and many other projects.
If we look at the past, the share price in 2013 was Rs 155.00, currently, it is trading at Rs 23.60 per share in the market. The compound annual growth rate (CAGR) for the stock price is -7.40% over 10 years and 1% over 5 years.
However, in this forecast, we will predict its share price for the years 2024, 2025, 2028, 2030 and 2035. Forecasted share prices will be based on our experience, research, and technical analysis.
Reliance Power is engaged in the energy sector and has diverse projects such as coal, gas, solar, hydropower, and many other projects. In short, Reliance Power is part of the Reliance Group, which is engaged in power generation and coal exploration projects.
Reliance Power Share Price Target
Market analysts expect Reliance Power’s share price to remain positive in the coming years, with a target of Rs 58 to Rs 82 by 2025. In the long term, the return on equity is very low, it is 2% if you look over 10 years. Whatever, our research and analysis are mentioned below:
2024
According to our analysis, the minimum share price of Reliance Power in 2024 is Rs 36. At the same time, the maximum target price of Reliance shares by 2024 is Rs 56.
| Month | Target-I | Target-II |
|---|---|---|
| Jan | Rs 32 | Rs 38 |
| Feb | Rs 34 | Rs 35 |
| Mar | Rs 30 | Rs 31 |
| Apr | Rs 35 | Rs 37 |
| May | Rs 37 | Rs 42 |
| Jun | Rs 39 | Rs 45 |
| Jul | Rs 42 | Rs 41 |
| Aug | Rs 36 | Rs 46 |
| Sep | Rs 42 | Rs 48 |
| Oct | Rs 41 | Rs 45 |
| Nov | Rs 45 | Rs 49 |
| Dec | Rs 48 | Rs 56 |
2025
Based on our research and analysis, the highest target price for Reliance Power shares is Rs 58 to Rs 82 by 2025.
| Month | Target-I | Target-II |
|---|---|---|
| Jan | Rs 58 | Rs 65 |
| Feb | Rs 62 | Rs 68 |
| Mar | Rs 58 | Rs 64 |
| Apr | Rs 68 | Rs 70 |
| May | Rs 70 | Rs 78 |
| Jun | Rs 66 | Rs 74 |
| Jul | Rs 74 | Rs 81 |
| Aug | Rs 72 | Rs 78 |
| Sep | Rs 69 | Rs 76 |
| Oct | Rs 73 | Rs 80 |
| Nov | Rs 72 | Rs 79 |
| Dec | Rs 76 | Rs 82 |
Fundamentals
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development. Read more about the company.
According to the official report, the company earned revenue of Rs 2131 crore in the quarter financial year Sept-23. Whereas the net profit is Rs -237.76 crore.
2026
As per our forecast, the target price range for Reliance Power shares by 2026 is Rs 75 to Rs 115.
| Month | Target-I | Target-II |
|---|---|---|
| Jan | Rs 75 | Rs 85 |
| Feb | Rs 78 | Rs 83 |
| Mar | Rs 83 | Rs 90 |
| Apr | Rs 80 | Rs 95 |
| May | Rs 88 | Rs 105 |
| Jun | Rs 93 | Rs 102 |
| Jul | Rs 86 | Rs 97 |
| Aug | Rs 91 | Rs 104 |
| Sep | Rs 88 | Rs 98 |
| Oct | Rs 96 | Rs 115 |
| Nov | Rs 85 | Rs 105 |
| Dec | Rs 94 | Rs 110 |
2028
According to our technical analysis, the maximum target price for Reliance Power shares by 2028 is Rs 121 to Rs 164.
| Month | Target-I | Target-II |
|---|---|---|
| Jan | Rs 121 | Rs 126 |
| Feb | Rs 126 | Rs 135 |
| Mar | Rs 122 | Rs 131 |
| Apr | Rs 132 | Rs 142 |
| May | Rs 128 | Rs 136 |
| Jun | Rs 126 | Rs 134 |
| Jul | Rs 134 | Rs 144 |
| Aug | Rs 142 | Rs 152 |
| Sep | Rs 138 | Rs 148 |
| Oct | Rs 128 | Rs 140 |
| Nov | Rs 135 | Rs 150 |
| Dec | Rs 148 | Rs 164 |
2030
If we look at a long-term perspective, Reliance Power is bullish and the expected growth rate of shares for 6 years can be 34.80%. So, the highest target price by 2030 would be Rs 182 to Rs 215.
| Month | Target-I | Target-II |
|---|---|---|
| Jan | Rs 154 | Rs 167 |
| Feb | Rs 166 | Rs 174 |
| Mar | Rs 158 | Rs 168 |
| Apr | Rs 162 | Rs 177 |
| May | Rs 170 | Rs 185 |
| Jun | Rs 166 | Rs 178 |
| Jul | Rs 156 | Rs 169 |
| Aug | Rs 168 | Rs 180 |
| Sep | Rs 175 | Rs 193 |
| Oct | Rs 180 | Rs 205 |
| Nov | Rs 178 | Rs 190 |
| Dec | Rs 182 | Rs 215 |
2035
Based on our research, the highest target price for Reliance Power shares is Rs 302 to Rs 344 by 2035.
| Month | Target-I | Target-II |
|---|---|---|
| Jan | Rs 262 | Rs 278 |
| Feb | Rs 245 | Rs 258 |
| Mar | Rs 236 | Rs 256 |
| Apr | Rs 255 | Rs 282 |
| May | Rs 274 | Rs 293 |
| Jun | Rs 266 | Rs 284 |
| Jul | Rs 282 | Rs 312 |
| Aug | Rs 295 | Rs 321 |
| Sep | Rs 300 | Rs 328 |
| Oct | Rs 286 | Rs 315 |
| Nov | Rs 295 | Rs 325 |
| Dec | Rs 302 | Rs 344 |
PROS:
- The stock is trading at 0.91 times its book value
CONS:
- The interest coverage ratio is low.
- Promoter holding has decreased: – 0.50%
- The company has recorded a poor sales growth of -4.69% over the last five years.
- The company has a low return on equity of – 5.76% over the last 3 years.
Reliance Power Growth Rate:
| Compounded Growth rate | Return on Equity (ROE) |
|---|---|
| TTM: – 64% | TTM: -12% |
| 3 Years: — | 3 Years: -6% |
| 5 Years: — | 5 Years: -3% |
| 10 Years: — | 10 Years: 2% |
FAQ
The highest target price for Reliance Power shares is Rs 54 to Rs 82 by 2025
The maximum price of Reliance Power shares by 2028 will be Rs 121 to Rs 164.
The estimated price of Reliance shares in 2030 will be Rs 154 to Rs 215.
The target price of Reliance Power shares will be Rs 262 to Rs 344 by 2035.
Disclaimer: The target price is for general information only and does not constitute any form of financial advice. You should research and consult with your financial advisor.
