RELIANCE.NS — Reliance Industries Limited ₹1,275.90

ENERGY · Generated 2026-07-29 21:15

Price graph

Quality Scorecard Transitional

C68/100
🟡 Pricing power (gross margin) 34% Gross margin 34% — moderate margins
Return on equity data unavailable
Leverage (net debt / EBITDA) 0.8x Net debt / EBITDA 0.8x — low leverage
🟡 Interest coverage 5x EBIT covers interest 5x — adequately covered
Earnings consistency (revenue) 0/3 down 0 revenue-down year(s) in 3 — no down years
Earnings growth (net income YoY) +16% Net income +16% YoY — earnings growing
Cash conversion (CFO/NI) 238% Operating cash ÷ net income 238% — earnings convert to cash
Operating margin trend eroding Operating margin eroding
Revenue growth 30% Revenue +30% — strong demand growth
Growth trajectory accelerating YoY +10% vs +5% prior 2-yr avg — accelerating
Free cash flow margin 7% FCF margin 7% — thin / negative
🟡 Returns capital to shareholders yes dividend ~47.0%; shares +0.0%/yr

Transitional-stage checklist (proxy metrics from yfinance). 11 of 12 criteria scored. Not financial advice.

Buy-Now Score

82/100
Quality ×40%68
Trajectory ×30%100
Valuation ×30%82

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

₹1,056.41₹1,849.86
Price ₹1,275.90DCF ₹1,173.79 (-8%)Analyst ₹1,681.69 (+32%)MarketGist fair ₹1,580.11 (+24%)

DCF: 8% start growth → 2.5%, 7.0% discount (band ₹873.58–₹1,495.74). Analyst: 32 analysts. MarketGist fair = 80% analyst + 20% DCF. Not financial advice.

Key Trends (6-yr)

GAAP EPS
▲ +16.0% YoY
Sales
▲ +9.6% YoY
Shares Outstanding
▲ +0.0% YoY

Company Overview

Basic Information

Company Name: Reliance Industries Limited
Symbol: RELIANCE.NS
Exchange: NSI
Sector: Energy
Industry: Oil & Gas Refining & Marketing

Company Details

Country: India
City: Mumbai
Employees: 404,501
Market Cap: ₹17.27T

Business Description

Reliance Industries Limited engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable, financial services, retail, and digital services worldwide. It operates through the Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company is involved in refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulfur, and petroleum coke. It also provides polymers comprising high-density and low-density polyethylene (PE), linear low-density PE, homopolymer, random and impact copolymer, and polyvinyl chloride; fiber intermediates that include purified terephthalic acid, and ethylene glycols and oxide; aromatics, such as paraxylene, ortho xylene, benzene, and linear alkyl benzene and paraffin; and textiles that consist of fabrics, apparel, and auto furnishings. In addition, the company offers elastomers, such as polybutadiene rubber, styrene butadiene rubber, and butyl rubber; fiber and yarn polyesters; and bioenergy solutions, including compressed biogas, and pellets and briquettes. Further, it engages in oil and gas exploration and production activities; operation of various stores comprising supermarkets, hypermarket, wholesale cash and carry, specialty, and online stores; operation of media and entertainment platforms, and Network18 and television channels; and publishing of magazines. Additionally, the company provides highway hospitality and fleet management services, as well as digital services, such as connectivity, fiber, mobile devices, apps, business, and other digital solutions. Reliance Industries Limited was founded in 1957 and is based in Mumbai, India.

Key Metrics

Price & Valuation

Current Price
₹1.28K
Market Cap
₹17.27T
P/E Ratio
23.08
Forward P/E
17.84
PEG Ratio
0.82
Price to Book
1.91

Profitability

Profit Margin: 6.61%
Operating Margin: 12.33%
Gross Margin: 33.84%
Return on Equity (ROE): N/A
Return on Assets (ROA): N/A
Revenue Growth: 29.70%

Financial Health

Current Ratio: N/A
Quick Ratio: N/A
Debt to Equity: 36.65
Total Debt: ₹3.98T
Total Cash: ₹2.58T
Beta: 0.18

Trading & Analyst Info

52-Week Range

52-Week High: ₹1.61K
52-Week Low: ₹1.25K
50-Day Average: ₹1.31K
200-Day Average: ₹1.41K

Analyst Recommendations

Recommendation: STRONG_BUY
Target Mean Price: ₹1.68K
Target High: ₹1.89K
Target Low: ₹1.36K

Quarterly Verdict

🟢 68/100

Worth buying

Quality grade C; 3 improving / 3 weakening metrics YoY.

➕ Leverage (net debt / EBITDA): Net debt / EBITDA 0.8x — low leverage
➕ Earnings consistency (revenue): 0 revenue-down year(s) in 3 — no down years
➕ Earnings growth (net income YoY): Net income +16% YoY — earnings growing
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 238% — earnings convert to cash
➖ Operating margin trend: Operating margin eroding
➕ Revenue growth: Revenue +30% — strong demand growth
➕ Growth trajectory: YoY +10% vs +5% prior 2-yr avg — accelerating
➖ Free cash flow margin: FCF margin 7% — thin / negative
➕ Revenue +27.0% YoY
➖ Net income -22.4% YoY
➖ Operating margin -1.5 pts YoY
➕ Free cash flow +78.6% YoY
➕ Cash +36.4% YoY
➖ Debt +7.7% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Tax Effect Of Unusual Items₹6.33B₹3.34B₹4.07B₹-3.19BN/A
Tax Rate For Calcs₹0.22₹0.24₹0.25₹0.22N/A
Normalized EBITDA₹2.02T₹1.80T₹1.75T₹1.55TN/A
Total Unusual Items₹28.30B₹14.03B₹16.56B₹-14.58BN/A
Total Unusual Items Excluding Goodwill₹28.30B₹14.03B₹16.56B₹-14.58BN/A
Net Income From Continuing Operation Net Minority Interest₹807.75B₹696.48B₹696.21B₹662.84BN/A
Reconciled Depreciation₹576.88B₹531.36B₹508.32B₹403.03BN/A
Reconciled Cost Of Revenue₹7.87T₹7.23T₹6.75T₹6.72TN/A
EBITDA₹2.05T₹1.81T₹1.77T₹1.53TN/A
EBIT₹1.47T₹1.28T₹1.26T₹1.13TN/A
Net Interest Income₹-109.71B₹-100.01B₹-111.90B₹-78.42BN/A
Interest Expense₹240.56B₹221.21B₹217.72B₹189.58BN/A
Interest Income₹133.02B₹124.10B₹107.45B₹112.40BN/A
Normalized Income₹785.78B₹685.79B₹683.72B₹674.23BN/A
Net Income From Continuing And Discontinued Operation₹807.75B₹696.48B₹696.21B₹667.02BN/A

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Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-31
Ordinary Shares Number₹13.53B₹13.53B₹13.53B₹13.53B
Share Issued₹13.53B₹13.53B₹13.53B₹13.53B
Net Debt₹2.37T₹2.47T₹2.31T₹2.80T
Total Debt₹3.98T₹3.70T₹3.46T₹3.34T
Tangible Book Value₹4.85T₹4.34T₹4.33T₹3.85T
Invested Capital₹12.78T₹11.91T₹11.18T₹10.30T
Working Capital₹529.95B₹455.33B₹727.33B₹295.53B
Net Tangible Assets₹4.85T₹4.34T₹4.33T₹3.85T
Capital Lease Obligations₹235.79B₹220.45B₹215.20B₹204.26B
Common Stock Equity₹9.04T₹8.43T₹7.93T₹7.16T
Total Capitalization₹11.75T₹10.80T₹10.16T₹8.99T
Total Equity Gross Minority Interest₹10.86T₹10.10T₹9.26T₹8.29T
Minority Interest₹1.82T₹1.66T₹1.32T₹1.13T
Stockholders Equity₹9.04T₹8.43T₹7.93T₹7.16T
Other Equity Interest₹6.73B₹7.90B₹7.80B₹6.46B

Showing 15 of 77 rows

Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹691.97B₹387.36B₹59.05B₹-259.56BN/A
Repayment Of Debt₹-308.81B₹-317.55B₹-350.55B₹-290.59BN/A
Issuance Of Debt₹388.71B₹263.78B₹696.10B₹359.36BN/A
Issuance Of Capital Stock₹0.00₹220.00M₹70.00M₹400.00MN/A
Capital Expenditure₹-1.23T₹-1.40T₹-1.53T₹-1.41TN/A
End Cash Position₹1.46T₹1.07T₹972.25B₹686.64BN/A
Other Cash Adjustment Outside Changein CashN/AN/A₹7.20B₹-17.66B₹9.41B
Beginning Cash Position₹1.07T₹972.25B₹686.64B₹361.78BN/A
Changes In Cash₹394.75B₹92.77B₹285.61B₹342.52BN/A
Financing Cash Flow₹-515.49B₹-318.91B₹-166.46B₹104.55BN/A
Net Other Financing ChargesN/AN/A₹198.30B₹4.79B₹4.50B
Interest Paid Cff₹-399.81B₹-410.24B₹-371.73B₹-216.50BN/A
Cash Dividends Paid₹-74.43B₹-67.66B₹-60.89B₹-50.83BN/A
Net Common Stock Issuance₹0.00₹220.00M₹70.00M₹400.00MN/A
Common Stock Issuance₹0.00₹220.00M₹70.00M₹400.00MN/A

Showing 15 of 47 rows

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