Case study

RPOWER

Reliance Power Limited

Tread carefully1y model -1.9%

Each stock's 10,000-path forecast, rendered as light.

31Score

Reliance Power Limited (RPOWER) Stock Analysis & Case Study

Is RPOWER a good buy? The data-driven verdict.

Reliance Power Limited (RPOWER) trades at ₹24,on the numbers it tread carefully, a Downstox Snapshot Score of 31/100.

On the numbers, Reliance Power Limited (RPOWER) tread carefully, a Downstox Snapshot Score of 31/100, weighing premium at 38.8× earnings, ROE of -0.9%, a 48% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

RPOWER fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹10,021 Cr
Current price
₹24
P/E ratio
38.8×
P/B ratio
0.62×
Book value
₹39
ROCE
6.1%
ROE
-0.9%
Piotroski F-Score
3/8

How RPOWER ranks against the 2,373 companies in our screener

We do not hold a 3-year revenue growth figure for RPOWER, as of 9 Aug 2026, so it is not ranked here.

Is RPOWER overvalued? RPOWER P/E vs peers

RPOWER trades at 38.8× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

RPOWER share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of RPOWER history (-8%/yr drift, 54%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
RPOWER 2027₹12₹24₹48-2%
RPOWER 2028₹9₹23₹61-4%
RPOWER 2029₹7₹23₹74-6%
RPOWER 2030₹6₹23₹87-7%
RPOWER 2031₹5₹22₹103-9%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability RPOWER goes up, or doubles?

48%
Higher in 1 year
Modelled chance the price is above today in 12 months
47%
Higher in 5 years
Modelled chance the price is above today in 5 years
26%
Doubles in 5 years
Modelled chance of reaching ₹49 within 5 years

The bull case for RPOWER

  • Low price-to-book of 0.62×, the market is paying little over the company's net assets.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹74.

The bear case & risks

  • RPOWER's P/E of 2804.0x is lower than 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • RPOWER's Piotroski F-Score of 3/8 ranks in the 15th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • High historical volatility (54%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹7.

RPOWER volatility & expected range, how bumpy is the ride?

Over the last 9.8 years RPOWER compounded at -8%/year with annualized volatility of 54%. That volatility implies a 1-year 80% range of ₹12-₹48, the honest backbone behind any single price target.

RPOWER price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.9%
80% range₹12-₹48
P(price ↑)48%
P(price 2×)9%
3-Year Forecast
2029
₹0
Median (P50)
5.6%
80% range₹7-₹74
P(price ↑)47%
P(price 2×)20%
5-Year Forecast
2031
₹0
Median (P50)
9.2%
80% range₹5-₹103
P(price ↑)47%
P(price 2×)26%

RPOWER price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
RPOWER simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds RPOWER hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the RPOWER price target & forecast page.

RPOWER Piotroski F-Score: 3/8, how financially strong is it?

3/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. RPOWER scores 3/8, weak on the financial-strength checks.

RPOWER MTF margin & leverage across 9 brokers

Margin Trading Facility lets you buy RPOWER with part of the capital. Lower margin % = higher leverage. Rates compared across 9 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox38.54%2.6×
ZerodhaCHEAPEST38.49%2.6×
Groww38.75%2.6×
Dhan40.00%2.5×
Kotak Neo40.00%2.5×
Paytm Money40.54%2.5×
Pocketful39.33%2.5×
Bajaj Broking50.00%2.0×
Share India38.71%2.6×

Compare every broker on the RPOWER MTF page.

About Reliance Power Limited: sector, index & market-cap context

Reliance Power Limited (RPOWER) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹10,021 Cr. See more stocks on our screener.

How the RPOWER Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Reliance Power Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

RPOWER analysis, FAQs

Is Reliance Power Limited (RPOWER) a good buy?

On the numbers, Reliance Power Limited (RPOWER) tread carefully, a Downstox Snapshot Score of 31/100, weighing premium at 38.8× earnings, ROE of -0.9%, a 48% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is RPOWER overvalued or undervalued?

RPOWER trades at 38.8× earnings, premium versus the ~22× long-run Nifty average.

What is the RPOWER share price target for 2031?

RPOWER's probability-weighted 2031 median target is ₹22, with an 80% range of ₹5-₹103 (10,000-path Monte-Carlo).

What is the probability RPOWER doubles in 5 years?

The modelled probability of RPOWER reaching ₹49 (2×) within 5 years is 26%.

What is the bull case for RPOWER?

Low price-to-book of 0.62×, the market is paying little over the company's net assets.

What are the risks in RPOWER?

RPOWER's P/E of 2804.0x is lower than 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. RPOWER's Piotroski F-Score of 3/8 ranks in the 15th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (54%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on RPOWER