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Reliance Power Limited
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Let's analyse Reliance Power Limited together

PenkeI guess you are interested in Reliance Power Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Reliance Power Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Reliance Power Limited (30 sec.)










What can you expect buying and holding a share of Reliance Power Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
30.0%

What is your share worth?

Current worth
INR34.86
Expected worth in 1 year
INR26.50
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
INR-8.36
Return On Investment
-29.6%

For what price can you sell your share?

Current Price per Share
INR28.25
Expected price per share
INR19.00 - INR33.15
How sure are you?
50%

1. Valuation of Reliance Power Limited (5 min.)




Live pricePrice per Share (EOD)

INR28.25

Intrinsic Value Per Share

INR40.36 - INR225.52

Total Value Per Share

INR75.23 - INR260.39

2. Growth of Reliance Power Limited (5 min.)




Is Reliance Power Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$1.5b$1.6b-$95.6m-6.0%

How much money is Reliance Power Limited making?

Current yearPrevious yearGrowGrow %
Making money-$56.4m-$72.7m$16.2m28.7%
Net Profit Margin-6.2%-8.7%--

How much money comes from the company's main activities?

3. Financial Health of Reliance Power Limited (5 min.)




What can you expect buying and holding a share of Reliance Power Limited? (5 min.)

Welcome investor! Reliance Power Limited's management wants to use your money to grow the business. In return you get a share of Reliance Power Limited.

What can you expect buying and holding a share of Reliance Power Limited?

First you should know what it really means to hold a share of Reliance Power Limited. And how you can make/lose money.

Speculation

The Price per Share of Reliance Power Limited is INR28.25. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Reliance Power Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Reliance Power Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR34.86. Based on the TTM, the Book Value Change Per Share is INR-2.09 per quarter. Based on the YOY, the Book Value Change Per Share is INR0.71 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Reliance Power Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps-0.01-0.1%-0.01-0.1%-0.02-0.1%-0.05-0.2%-0.010.0%
Usd Book Value Change Per Share-0.03-0.1%-0.03-0.1%0.010.0%-0.06-0.2%-0.02-0.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.03-0.1%-0.03-0.1%0.010.0%-0.06-0.2%-0.010.0%
Usd Price Per Share0.12-0.12-0.16-0.10-0.36-
Price to Earnings Ratio-8.06--8.06--8.49--2.18-9.03-
Price-to-Total Gains Ratio-4.76--4.76-19.04-3.22-14.03-
Price to Book Ratio0.29-0.29-0.37-0.21-0.59-
Price-to-Total Gains Ratio-4.76--4.76-19.04-3.22-14.03-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.339
Number of shares2949
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.03-0.06
Usd Total Gains Per Share-0.03-0.06
Gains per Quarter (2949 shares)-74.00-170.75
Gains per Year (2949 shares)-296.00-683.00
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-296-3060-683-693
20-592-6020-1366-1376
30-888-8980-2049-2059
40-1184-11940-2732-2742
50-1480-14900-3415-3425
60-1776-17860-4098-4108
70-2072-20820-4781-4791
80-2368-23780-5464-5474
90-2664-26740-6147-6157
100-2960-29700-6830-6840

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%6.04.00.060.0%12.04.00.075.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%7.03.00.070.0%13.03.00.081.3%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%3.00.07.030.0%3.00.013.018.8%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%7.03.00.070.0%13.03.00.081.3%

Fundamentals of Reliance Power Limited

About Reliance Power Limited

Reliance Power Limited, together with its subsidiaries, engages in the generation of power in India. Its portfolio of power projects is based on coal, gas, hydro, wind, and solar energy. The company has an operational power generation capacity of 416 GW. It owns and operates Sasan ultra mega power plant with capacity of 3,960 MW in Madhya Pradesh; 1,200 MW Rosa power plant in Uttar Pradesh; Butibori power plant with capacity of 600 MW in Maharashtra; Vashpet power plant with capacity of 45 MW in Maharashtra; Dhursar solar power plant with capacity of 40 MW in Rajasthan; Solar CSP power plant 100 MW in Rajasthan; and Krishnapatnam Ultra Mega power project with capacity of 3,960 MW in Andhra Pradesh. The company also engages in the development of coal mines in India and Indonesia. In addition, it has an interest in four coal bed methane blocks. The company was incorporated in 1995 and is based in Mumbai, India.

Fundamental data was last updated by Penke on 2024-03-12 17:56:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Reliance Power Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Reliance Power Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • A Net Profit Margin of -6.2% means that ₹-0.06 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Reliance Power Limited:

  • The MRQ is -6.2%. The company is making a loss. -1
  • The TTM is -6.2%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-6.2%TTM-6.2%0.0%
TTM-6.2%YOY-8.7%+2.4%
TTM-6.2%5Y-22.2%+16.0%
5Y-22.2%10Y-3.9%-18.3%
1.1.2. Return on Assets

Shows how efficient Reliance Power Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • -1.0% Return on Assets means that Reliance Power Limited generated ₹-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Reliance Power Limited:

  • The MRQ is -1.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.0%TTM-1.0%0.0%
TTM-1.0%YOY-1.2%+0.2%
TTM-1.0%5Y-2.9%+1.9%
5Y-2.9%10Y-0.5%-2.3%
1.1.3. Return on Equity

Shows how efficient Reliance Power Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • -4.1% Return on Equity means Reliance Power Limited generated ₹-0.04 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Reliance Power Limited:

  • The MRQ is -4.1%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -4.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-4.1%TTM-4.1%0.0%
TTM-4.1%YOY-4.9%+0.8%
TTM-4.1%5Y-11.7%+7.6%
5Y-11.7%10Y-3.2%-8.5%

1.2. Operating Efficiency of Reliance Power Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Reliance Power Limited is operating .

  • Measures how much profit Reliance Power Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • An Operating Margin of 15.8% means the company generated ₹0.16  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Reliance Power Limited:

  • The MRQ is 15.8%. The company is operating efficient. +1
  • The TTM is 15.8%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.8%TTM15.8%0.0%
TTM15.8%YOY30.5%-14.7%
TTM15.8%5Y34.6%-18.8%
5Y34.6%10Y37.2%-2.6%
1.2.2. Operating Ratio

Measures how efficient Reliance Power Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • An Operation Ratio of 0.89 means that the operating costs are ₹0.89 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Reliance Power Limited:

  • The MRQ is 0.887. The company is less efficient in keeping operating costs low.
  • The TTM is 0.887. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.887TTM0.8870.000
TTM0.887YOY0.741+0.146
TTM0.8875Y0.729+0.158
5Y0.72910Y0.708+0.021

1.3. Liquidity of Reliance Power Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Reliance Power Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • A Current Ratio of 0.27 means the company has ₹0.27 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Reliance Power Limited:

  • The MRQ is 0.273. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.273. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.273TTM0.2730.000
TTM0.273YOY0.337-0.064
TTM0.2735Y0.322-0.048
5Y0.32210Y0.583-0.261
1.3.2. Quick Ratio

Measures if Reliance Power Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • A Quick Ratio of 0.25 means the company can pay off ₹0.25 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Reliance Power Limited:

  • The MRQ is 0.247. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.247. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.247TTM0.2470.000
TTM0.247YOY0.312-0.065
TTM0.2475Y0.286-0.039
5Y0.28610Y0.479-0.194

1.4. Solvency of Reliance Power Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Reliance Power Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Reliance Power Limited to Utilities - Independent Power Producers industry mean.
  • A Debt to Asset Ratio of 0.73 means that Reliance Power Limited assets are financed with 72.6% credit (debt) and the remaining percentage (100% - 72.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Reliance Power Limited:

  • The MRQ is 0.726. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.726. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.726TTM0.7260.000
TTM0.726YOY0.717+0.009
TTM0.7265Y0.725+0.001
5Y0.72510Y0.693+0.032
1.4.2. Debt to Equity Ratio

Measures if Reliance Power Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • A Debt to Equity ratio of 304.0% means that company has ₹3.04 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Reliance Power Limited:

  • The MRQ is 3.040. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.040. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.040TTM3.0400.000
TTM3.040YOY2.867+0.173
TTM3.0405Y2.930+0.110
5Y2.93010Y2.437+0.492

2. Market Valuation of Reliance Power Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Reliance Power Limited generates.

  • Above 15 is considered overpriced but always compare Reliance Power Limited to the Utilities - Independent Power Producers industry mean.
  • A PE ratio of -8.06 means the investor is paying ₹-8.06 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Reliance Power Limited:

  • The EOD is -22.870. Based on the earnings, the company is expensive. -2
  • The MRQ is -8.055. Based on the earnings, the company is expensive. -2
  • The TTM is -8.055. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-22.870MRQ-8.055-14.815
MRQ-8.055TTM-8.0550.000
TTM-8.055YOY-8.492+0.436
TTM-8.0555Y-2.176-5.880
5Y-2.17610Y9.029-11.204
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Reliance Power Limited:

  • The EOD is 2.958. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 1.042. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 1.042. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.958MRQ1.042+1.916
MRQ1.042TTM1.0420.000
TTM1.042YOY1.506-0.464
TTM1.0425Y0.823+0.219
5Y0.82310Y-2.135+2.958
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Reliance Power Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • A PB ratio of 0.29 means the investor is paying ₹0.29 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Reliance Power Limited:

  • The EOD is 0.810. Based on the equity, the company is cheap. +2
  • The MRQ is 0.285. Based on the equity, the company is cheap. +2
  • The TTM is 0.285. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.810MRQ0.285+0.525
MRQ0.285TTM0.2850.000
TTM0.285YOY0.365-0.080
TTM0.2855Y0.211+0.074
5Y0.21110Y0.585-0.374
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Reliance Power Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.091-2.0910%0.709-395%-4.825+131%-1.389-34%
Book Value Per Share--34.86434.8640%36.955-6%37.670-7%46.349-25%
Current Ratio--0.2730.2730%0.337-19%0.322-15%0.583-53%
Debt To Asset Ratio--0.7260.7260%0.717+1%0.725+0%0.693+5%
Debt To Equity Ratio--3.0403.0400%2.867+6%2.930+4%2.437+25%
Dividend Per Share----0%-0%-0%0.220-100%
Eps---1.235-1.2350%-1.590+29%-4.133+235%-0.782-37%
Free Cash Flow Per Share--9.5499.5490%8.966+7%10.099-5%7.062+35%
Free Cash Flow To Equity Per Share--0.0420.0420%-1.133+2780%-0.987+2436%-1.309+3196%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--225.523--------
Intrinsic Value_10Y_min--40.365--------
Intrinsic Value_1Y_max--12.822--------
Intrinsic Value_1Y_min--6.366--------
Intrinsic Value_3Y_max--45.977--------
Intrinsic Value_3Y_min--17.229--------
Intrinsic Value_5Y_max--88.115--------
Intrinsic Value_5Y_min--25.931--------
Market Cap107665835904.000+65%37921241318.40037921241318.4000%51450930432.000-26%30794334658.560+23%114773686663.680-67%
Net Profit Margin---0.062-0.0620%-0.087+39%-0.222+256%-0.039-38%
Operating Margin--0.1580.1580%0.305-48%0.346-54%0.372-57%
Operating Ratio--0.8870.8870%0.741+20%0.729+22%0.708+25%
Pb Ratio0.810+65%0.2850.2850%0.365-22%0.211+35%0.585-51%
Pe Ratio-22.870-184%-8.055-8.0550%-8.492+5%-2.176-73%9.029-189%
Price Per Share28.250+65%9.9509.9500%13.500-26%8.080+23%30.115-67%
Price To Free Cash Flow Ratio2.958+65%1.0421.0420%1.506-31%0.823+27%-2.135+305%
Price To Total Gains Ratio-13.509-184%-4.758-4.7580%19.038-125%3.224-248%14.026-134%
Quick Ratio--0.2470.2470%0.312-21%0.286-14%0.479-48%
Return On Assets---0.010-0.0100%-0.012+25%-0.029+198%-0.005-44%
Return On Equity---0.041-0.0410%-0.049+20%-0.117+188%-0.032-22%
Total Gains Per Share---2.091-2.0910%0.709-395%-4.825+131%-1.169-44%
Usd Book Value--1594455600.0001594455600.0000%1690092000.000-6%1722821040.000-7%2119736400.000-25%
Usd Book Value Change Per Share---0.025-0.0250%0.009-395%-0.058+131%-0.017-34%
Usd Book Value Per Share--0.4180.4180%0.443-6%0.452-7%0.556-25%
Usd Dividend Per Share----0%-0%-0%0.003-100%
Usd Eps---0.015-0.0150%-0.019+29%-0.050+235%-0.009-37%
Usd Free Cash Flow--436710000.000436710000.0000%410032800.000+7%461849760.000-5%322961400.000+35%
Usd Free Cash Flow Per Share--0.1150.1150%0.108+7%0.121-5%0.085+35%
Usd Free Cash Flow To Equity Per Share--0.0010.0010%-0.014+2780%-0.012+2436%-0.016+3196%
Usd Market Cap1291990030.848+65%455054895.821455054895.8210%617411165.184-26%369532015.903+23%1377284239.964-67%
Usd Price Per Share0.339+65%0.1190.1190%0.162-26%0.097+23%0.361-67%
Usd Profit---56492400.000-56492400.0000%-72709200.000+29%-189035040.000+235%-27846720.000-51%
Usd Revenue--905122800.000905122800.0000%837711600.000+8%866836320.000+4%917217480.000-1%
Usd Total Gains Per Share---0.025-0.0250%0.009-395%-0.058+131%-0.014-44%
 EOD+4 -4MRQTTM+0 -0YOY+15 -185Y+17 -1610Y+8 -27

3.2. Fundamental Score

Let's check the fundamental score of Reliance Power Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-22.870
Price to Book Ratio (EOD)Between0-10.810
Net Profit Margin (MRQ)Greater than0-0.062
Operating Margin (MRQ)Greater than00.158
Quick Ratio (MRQ)Greater than10.247
Current Ratio (MRQ)Greater than10.273
Debt to Asset Ratio (MRQ)Less than10.726
Debt to Equity Ratio (MRQ)Less than13.040
Return on Equity (MRQ)Greater than0.15-0.041
Return on Assets (MRQ)Greater than0.05-0.010
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Reliance Power Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.837
Ma 20Greater thanMa 5023.775
Ma 50Greater thanMa 10026.048
Ma 100Greater thanMa 20025.072
OpenGreater thanClose28.200
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets485,354,200
Total Liabilities352,482,900
Total Stockholder Equity115,953,800
 As reported
Total Liabilities 352,482,900
Total Stockholder Equity+ 115,953,800
Total Assets = 485,354,200

Assets

Total Assets485,354,200
Total Current Assets50,238,500
Long-term Assets435,115,700
Total Current Assets
Cash And Cash Equivalents 2,386,500
Short-term Investments 5,592,000
Net Receivables 31,863,900
Inventory 9,253,200
Other Current Assets 1,142,900
Total Current Assets  (as reported)50,238,500
Total Current Assets  (calculated)50,238,500
+/-0
Long-term Assets
Property Plant Equipment 380,533,500
Goodwill 141,100
Intangible Assets 281,600
Long-term Assets Other 14,698,000
Long-term Assets  (as reported)435,115,700
Long-term Assets  (calculated)395,654,200
+/- 39,461,500

Liabilities & Shareholders' Equity

Total Current Liabilities183,738,100
Long-term Liabilities168,744,800
Total Stockholder Equity115,953,800
Total Current Liabilities
Short-term Debt 89,956,700
Short Long Term Debt 89,956,700
Accounts payable 5,191,900
Other Current Liabilities 12,417,900
Total Current Liabilities  (as reported)183,738,100
Total Current Liabilities  (calculated)197,523,200
+/- 13,785,100
Long-term Liabilities
Long term Debt Total 122,403,600
Long term Debt 122,403,600
Capital Lease Obligations Min Short Term Debt-89,956,700
Long-term Liabilities Other 16,526,000
Long-term Liabilities  (as reported)168,744,800
Long-term Liabilities  (calculated)171,376,500
+/- 2,631,700
Total Stockholder Equity
Common Stock37,352,100
Retained Earnings -16,119,000
Accumulated Other Comprehensive Income 14,738,900
Capital Surplus 80,066,300
Total Stockholder Equity (as reported)115,953,800
Total Stockholder Equity (calculated)116,038,300
+/- 84,500
Other
Capital Stock37,352,100
Cash And Equivalents493,200
Cash and Short Term Investments 7,978,500
Common Stock Shares Outstanding 3,686,286
Current Deferred Revenue76,171,600
Liabilities and Stockholders Equity 485,354,200
Net Debt 209,973,800
Net Invested Capital 328,314,100
Net Working Capital -133,499,600
Property Plant and Equipment Gross 380,533,500
Short Long Term Debt Total 212,360,300



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-31
> Total Assets 
146,419,932
155,043,452
173,965,734
258,913,281
392,589,400
519,338,600
560,209,400
620,258,700
630,034,100
641,651,500
634,734,600
580,784,000
533,429,000
507,818,300
498,116,600
485,354,200
485,354,200498,116,600507,818,300533,429,000580,784,000634,734,600641,651,500630,034,100620,258,700560,209,400519,338,600392,589,400258,913,281173,965,734155,043,452146,419,932
   > Total Current Assets 
4,876,487
2,212,203
3,377,026
39,528,107
56,990,400
88,340,700
63,559,400
81,503,300
107,617,100
92,975,600
94,325,300
60,908,400
48,544,100
57,222,600
58,097,500
50,238,500
50,238,50058,097,50057,222,60048,544,10060,908,40094,325,30092,975,600107,617,10081,503,30063,559,40088,340,70056,990,40039,528,1073,377,0262,212,2034,876,487
       Cash And Cash Equivalents 
4,269,603
216,332
1,337,956
19,161,447
14,058,400
48,353,100
26,200,400
11,650,500
29,172,100
1,793,700
5,845,900
288,800
1,249,400
1,442,000
1,648,800
2,386,500
2,386,5001,648,8001,442,0001,249,400288,8005,845,9001,793,70029,172,10011,650,50026,200,40048,353,10014,058,40019,161,4471,337,956216,3324,269,603
       Short-term Investments 
606,348
1,893,234
1,232,494
15,286,552
14,104,600
401,000
1,413,800
8,609,200
8,625,700
15,748,000
6,088,200
4,629,200
1,867,100
1,993,000
5,098,100
5,592,000
5,592,0005,098,1001,993,0001,867,1004,629,2006,088,20015,748,0008,625,7008,609,2001,413,800401,00014,104,60015,286,5521,232,4941,893,234606,348
       Net Receivables 
0
0
0
0
0
0
13,083,100
34,247,900
36,875,100
58,844,300
58,194,500
45,504,500
34,982,300
45,044,700
41,978,300
31,863,900
31,863,90041,978,30045,044,70034,982,30045,504,50058,194,50058,844,30036,875,10034,247,90013,083,100000000
       Other Current Assets 
537
102,636
320,021
4,543,591
27,220,500
34,231,100
29,717,500
50,768,900
58,582,400
65,147,300
75,101,400
368,700
35,285,800
1,700
1,091,900
1,142,900
1,142,9001,091,9001,70035,285,800368,70075,101,40065,147,30058,582,40050,768,90029,717,50034,231,10027,220,5004,543,591320,021102,636537
   > Long-term Assets 
141,543,445
152,831,249
170,588,708
219,385,174
335,599,000
430,997,900
496,650,000
538,755,400
522,417,000
548,675,900
540,409,300
519,875,600
484,884,900
450,595,600
440,019,100
435,115,700
435,115,700440,019,100450,595,600484,884,900519,875,600540,409,300548,675,900522,417,000538,755,400496,650,000430,997,900335,599,000219,385,174170,588,708152,831,249141,543,445
       Property Plant Equipment 
10,305,408
49,658,860
91,431,264
162,431,949
283,035,700
392,257,200
460,292,200
491,041,900
490,735,400
422,085,400
417,397,900
415,842,300
436,138,800
405,155,600
397,391,800
380,533,500
380,533,500397,391,800405,155,600436,138,800415,842,300417,397,900422,085,400490,735,400491,041,900460,292,200392,257,200283,035,700162,431,94991,431,26449,658,86010,305,408
       Goodwill 
4,175
0
5,010
153,262
0
134,400
134,400
134,400
134,400
141,100
141,100
141,100
141,100
141,100
141,100
141,100
141,100141,100141,100141,100141,100141,100141,100134,400134,400134,400134,4000153,2625,01004,175
       Long Term Investments 
0
0
0
0
0
0
44,700
12,562,800
14,932,600
12,638,800
14,169,400
15,046,800
0
0
0
0
000015,046,80014,169,40012,638,80014,932,60012,562,80044,700000000
       Intangible Assets 
0
0
0
10,055
654,500
474,100
509,900
466,600
449,100
308,200
394,700
370,400
334,900
316,400
298,000
281,600
281,600298,000316,400334,900370,400394,700308,200449,100466,600509,900474,100654,50010,055000
       Long-term Assets Other 
606,348
1,893,234
1,232,494
15,286,552
65,963,400
38,132,200
35,713,500
47,112,500
31,098,100
129,250,400
114,394,400
2,281,200
3,500
14,800,600
14,812,900
14,698,000
14,698,00014,812,90014,800,6003,5002,281,200114,394,400129,250,40031,098,10047,112,50035,713,50038,132,20065,963,40015,286,5521,232,4941,893,234606,348
> Total Liabilities 
11,085,821
17,251,947
29,335,279
90,578,899
216,878,200
333,512,800
365,510,100
413,923,700
420,956,800
427,975,900
409,916,900
407,009,300
401,212,400
369,679,800
357,275,600
352,482,900
352,482,900357,275,600369,679,800401,212,400407,009,300409,916,900427,975,900420,956,800413,923,700365,510,100333,512,800216,878,20090,578,89929,335,27917,251,94711,085,821
   > Total Current Liabilities 
6,603,125
3,672,093
6,929,176
17,230,572
35,525,400
61,782,400
74,422,800
100,760,300
106,378,400
119,297,000
123,365,700
182,084,500
159,536,100
159,282,000
172,252,900
183,738,100
183,738,100172,252,900159,282,000159,536,100182,084,500123,365,700119,297,000106,378,400100,760,30074,422,80061,782,40035,525,40017,230,5726,929,1763,672,0936,603,125
       Short-term Debt 
0
0
0
0
3,892,300
32,961,000
37,890,200
49,979,700
50,814,800
66,353,100
74,953,600
123,652,300
89,446,900
88,031,300
89,088,400
89,956,700
89,956,70089,088,40088,031,30089,446,900123,652,30074,953,60066,353,10050,814,80049,979,70037,890,20032,961,0003,892,3000000
       Short Long Term Debt 
0
0
0
0
0
0
300,425,300
24,378,000
21,547,100
66,353,100
74,953,600
123,652,300
89,429,500
37,933,200
89,088,400
89,956,700
89,956,70089,088,40037,933,20089,429,500123,652,30074,953,60066,353,10021,547,10024,378,000300,425,300000000
       Accounts payable 
2,889,547
2,598,640
4,122,314
10,955,776
1,512,200
2,829,900
5,213,900
8,602,300
6,063,500
15,114,000
14,447,900
14,961,400
4,534,000
4,340,400
5,177,700
5,191,900
5,191,9005,177,7004,340,4004,534,00014,961,40014,447,90015,114,0006,063,5008,602,3005,213,9002,829,9001,512,20010,955,7764,122,3142,598,6402,889,547
       Other Current Liabilities 
3,713,578
1,073,453
2,806,862
6,274,796
30,120,900
25,991,500
31,318,700
42,178,300
49,500,100
35,780,100
31,512,800
43,470,800
154,605,100
9,448,400
9,960,100
12,417,900
12,417,9009,960,1009,448,400154,605,10043,470,80031,512,80035,780,10049,500,10042,178,30031,318,70025,991,50030,120,9006,274,7962,806,8621,073,4533,713,578
   > Long-term Liabilities 
4,482,696
13,579,854
22,406,103
73,348,328
181,352,800
271,730,400
291,087,300
313,163,400
314,578,400
308,678,900
286,551,200
224,924,800
241,676,300
210,397,800
185,022,700
168,744,800
168,744,800185,022,700210,397,800241,676,300224,924,800286,551,200308,678,900314,578,400313,163,400291,087,300271,730,400181,352,80073,348,32822,406,10313,579,8544,482,696
       Long term Debt Total 
0
0
0
0
0
0
0
0
287,386,900
262,900,200
242,012,000
180,909,700
198,864,900
168,314,900
142,052,100
122,403,600
122,403,600142,052,100168,314,900198,864,900180,909,700242,012,000262,900,200287,386,90000000000
       Other Liabilities 
0
0
0
0
0
0
28,552,200
30,957,900
44,680,700
45,778,700
44,539,200
44,015,100
42,811,400
42,082,900
42,970,600
0
042,970,60042,082,90042,811,40044,015,10044,539,20045,778,70044,680,70030,957,90028,552,200000000
> Total Stockholder Equity
135,334,097
137,791,505
144,630,455
168,334,334
175,696,200
185,810,800
194,684,300
206,320,000
209,077,300
213,675,800
224,817,700
173,774,700
118,688,700
122,458,400
124,625,300
115,953,800
115,953,800124,625,300122,458,400118,688,700173,774,700224,817,700213,675,800209,077,300206,320,000194,684,300185,810,800175,696,200168,334,334144,630,455137,791,505135,334,097
   Common Stock
23,968,000
23,968,000
23,968,000
28,051,265
28,051,300
28,051,300
27,966,300
28,051,300
28,051,300
28,051,300
28,051,300
28,051,300
28,051,300
28,051,300
34,001,300
37,352,100
37,352,10034,001,30028,051,30028,051,30028,051,30028,051,30028,051,30028,051,30028,051,30027,966,30028,051,30028,051,30028,051,26523,968,00023,968,00023,968,000
   Retained Earnings 
853,953
3,299,050
10,138,000
12,742,402
17,910,200
24,524,800
34,337,600
44,692,000
49,370,800
81,831,100
92,213,400
50,222,000
-2,099,800
1,366,200
-4,404,800
-16,119,000
-16,119,000-4,404,8001,366,200-2,099,80050,222,00092,213,40081,831,10049,370,80044,692,00034,337,60024,524,80017,910,20012,742,40210,138,0003,299,050853,953
   Accumulated Other Comprehensive Income 
-16,878
-72,994
-164,101
-2,282,368
-3,612,000
-7,255,600
-13,293,100
-23,372,500
-41,157,200
-33,502,800
-48,299,100
-79,332,000
-97,656,600
13,059,100
15,064,800
14,738,900
14,738,90015,064,80013,059,100-97,656,600-79,332,000-48,299,100-33,502,800-41,157,200-23,372,500-13,293,100-7,255,600-3,612,000-2,282,368-164,101-72,994-16,878
   Capital Surplus 
0
0
0
0
0
0
0
0
110,545,400
83,545,400
83,545,400
83,545,400
80,066,300
80,066,300
80,066,300
80,066,300
80,066,30080,066,30080,066,30080,066,30083,545,40083,545,40083,545,400110,545,40000000000
   Treasury Stock00-84,500-84,500-84,500-84,500-413,000-413,00000000000
   Other Stockholders Equity 
110,529,022
110,597,449
110,688,556
129,823,036
133,346,700
140,490,300
145,673,500
156,949,200
172,812,400
137,296,200
152,852,100
95,501,400
-35,777,600
79,981,800
79,964,000
79,981,800
79,981,80079,964,00079,981,800-35,777,60095,501,400152,852,100137,296,200172,812,400156,949,200145,673,500140,490,300133,346,700129,823,036110,688,556110,597,449110,529,022



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue75,426,900
Cost of Revenue-36,547,600
Gross Profit38,879,30038,879,300
 
Operating Income (+$)
Gross Profit38,879,300
Operating Expense-30,356,800
Operating Income8,645,1008,522,500
 
Operating Expense (+$)
Research Development0
Selling General Administrative5,135,500
Selling And Marketing Expenses0
Operating Expense30,356,8005,135,500
 
Net Interest Income (+$)
Interest Income25,266,100
Interest Expense-25,266,100
Other Finance Cost-25,266,100
Net Interest Income-25,266,100
 
Pretax Income (+$)
Operating Income8,645,100
Net Interest Income-25,266,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-2,974,50020,264,700
EBIT - interestExpense = -13,343,100
-4,068,600
20,558,400
Interest Expense25,266,100
Earnings Before Interest and Taxes (EBIT)11,923,00022,291,600
Earnings Before Interest and Taxes (EBITDA)24,360,900
 
After tax Income (+$)
Income Before Tax-2,974,500
Tax Provision-639,100
Net Income From Continuing Ops-3,613,600-3,613,600
Net Income-4,707,700
Net Income Applicable To Common Shares-4,707,700
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items-415,300
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses66,904,400
Total Other Income/Expenses Net-11,619,60025,266,100
 

Technical Analysis of Reliance Power Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Reliance Power Limited. The general trend of Reliance Power Limited is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Reliance Power Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Reliance Power Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 31.25 < 33.15.

The bearish price targets are: 20.15 > 19.40 > 19.00.

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Reliance Power Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Reliance Power Limited. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Reliance Power Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Reliance Power Limited. The current macd is 0.44208451.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Reliance Power Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Reliance Power Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Reliance Power Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Reliance Power Limited Daily Moving Average Convergence/Divergence (MACD) ChartReliance Power Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Reliance Power Limited. The current adx is 33.53.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Reliance Power Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Reliance Power Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Reliance Power Limited. The current sar is 22.67.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Reliance Power Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Reliance Power Limited. The current rsi is 67.84. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Reliance Power Limited Daily Relative Strength Index (RSI) ChartReliance Power Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Reliance Power Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Reliance Power Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Reliance Power Limited Daily Stochastic Oscillator ChartReliance Power Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Reliance Power Limited. The current cci is 184.65.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Reliance Power Limited Daily Commodity Channel Index (CCI) ChartReliance Power Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Reliance Power Limited. The current cmo is 54.53.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Reliance Power Limited Daily Chande Momentum Oscillator (CMO) ChartReliance Power Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Reliance Power Limited. The current willr is -2.74725275.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Reliance Power Limited Daily Williams %R ChartReliance Power Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Reliance Power Limited.

Reliance Power Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Reliance Power Limited. The current atr is 1.25278502.

Reliance Power Limited Daily Average True Range (ATR) ChartReliance Power Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Reliance Power Limited. The current obv is 7,862,023,398.

Reliance Power Limited Daily On-Balance Volume (OBV) ChartReliance Power Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Reliance Power Limited. The current mfi is 83.13.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Reliance Power Limited Daily Money Flow Index (MFI) ChartReliance Power Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Reliance Power Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-22MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-28BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-11MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Reliance Power Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Reliance Power Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.837
Ma 20Greater thanMa 5023.775
Ma 50Greater thanMa 10026.048
Ma 100Greater thanMa 20025.072
OpenGreater thanClose28.200
Total3/5 (60.0%)
Penke

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