WEBSITE BSE:500325 NSE : RELIANCE 10 May, 14:05
Market Cap ₹1887812 Cr.
Stock P/E 27.2
P/B 2.4
Current Price ₹2790.1
Book Value ₹ 1172.7
Face Value 10
52W High ₹3024.8
Dividend Yield 0.36%
52W Low ₹ 2221.1
Reliance Industries Limited is an India-based business enterprise, which operates in the Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services segments. The O2C phase includes refining, petrochemicals, fuel retailing via Reliance BP Mobility Limited, aviation fuel and bulk wholesale advertising, and its property comprises of refinery off-fuel cracker, aromatics, gasification, multi-feed and fuel crackers in conjunction with downstream production centers, logistics and supply-chain infrastructure. The Oil and Gas segment consists of exploration, improvement and production of crude oil and natural fuel. The Retail section includes consumer retail and a range of related offerings. The Digital Services segment includes provision of various virtual services. The Financial Services section accommodates control and deployment of diagnosed assets of the Company to various activities, including non-banking economic services and coverage broking.
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 191271 | 211887 | 222664 | 232217 | 220165 | 216265 | 210831 | 234956 | 227970 | 240715 |
| Other Income | 4047 | 2457 | 2237 | 3476 | 3146 | 2875 | 3813 | 3841 | 3869 | 4534 |
| Total Income | 195318 | 214344 | 224901 | 235693 | 223311 | 219140 | 214644 | 238797 | 231839 | 245249 |
| Total Expenditure | 161565 | 180521 | 184907 | 201177 | 185156 | 177909 | 172738 | 193988 | 187314 | 198199 |
| Operating Profit | 33753 | 33823 | 39994 | 34516 | 38155 | 41231 | 41906 | 44809 | 44525 | 47050 |
| Interest | 3812 | 3556 | 3997 | 4554 | 5201 | 5819 | 5837 | 5731 | 5789 | 5761 |
| Depreciation | 7683 | 8001 | 8942 | 9726 | 10183 | 11452 | 11775 | 12585 | 12903 | 13569 |
| Exceptional Income / Expenses | 2836 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 25094 | 22266 | 27055 | 20236 | 22771 | 23960 | 24294 | 26493 | 25833 | 27720 |
| Provision for Tax | 4688 | 4390 | 7591 | 4835 | 5196 | 2754 | 6112 | 6673 | 6345 | 6577 |
| Profit After Tax | 20406 | 17876 | 19464 | 15401 | 17575 | 21206 | 18182 | 19820 | 19488 | 21143 |
| Adjustments | -1857 | -1673 | -1509 | -1745 | -1783 | -1907 | -2171 | -2426 | -2223 | -2192 |
| Profit After Adjustments | 18549 | 16203 | 17955 | 13656 | 15792 | 19299 | 16011 | 17394 | 17265 | 18951 |
| Adjusted Earnings Per Share | 27.4 | 24 | 26.5 | 20.2 | 23.3 | 28.5 | 23.7 | 25.7 | 25.5 | 28 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 397062 | 434460 | 375435 | 273999 | 305382 | 391677 | 569209 | 597535 | 466924 | 695963 | 877835 | 914472 |
| Other Income | 10085 | 10959 | 8727 | 12518 | 9443 | 9949 | 8386 | 13279 | 17142 | 14943 | 13036 | 16057 |
| Total Income | 407147 | 445419 | 384162 | 286517 | 314825 | 401626 | 577595 | 610814 | 484066 | 710906 | 890871 | 930529 |
| Total Expenditure | 364074 | 399661 | 338071 | 232760 | 259188 | 327501 | 485042 | 508641 | 387002 | 587517 | 736975 | 752239 |
| Operating Profit | 43073 | 45758 | 46091 | 53757 | 55637 | 74125 | 92553 | 102173 | 97064 | 123389 | 153896 | 178290 |
| Interest | 3463 | 3836 | 3316 | 3691 | 3849 | 8052 | 16495 | 22027 | 21189 | 14584 | 19571 | 23118 |
| Depreciation | 13393 | 13159 | 11661 | 11565 | 11646 | 16706 | 20934 | 22203 | 26572 | 29782 | 40303 | 50832 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4444 | 5642 | 2836 | 0 | 0 |
| Profit Before Tax | 26217 | 28763 | 31114 | 38737 | 40034 | 49426 | 55227 | 53606 | 55461 | 82154 | 94046 | 104340 |
| Provision for Tax | 5331 | 6215 | 7474 | 8876 | 10201 | 13346 | 15390 | 13726 | 1722 | 15970 | 20376 | 25707 |
| Profit After Tax | 20886 | 22548 | 23640 | 29861 | 29833 | 36080 | 39837 | 39880 | 53739 | 66184 | 73670 | 78633 |
| Adjustments | -7 | -55 | -74 | -116 | 68 | -5 | -249 | -526 | -4611 | -5479 | -6968 | -9012 |
| Profit After Adjustments | 20879 | 22493 | 23566 | 29745 | 29901 | 36075 | 39588 | 39354 | 49128 | 60705 | 66702 | 69621 |
| Adjusted Earnings Per Share | 35.2 | 37.9 | 39.7 | 50 | 50 | 60.3 | 66.2 | 61.5 | 76.2 | 89.7 | 98.6 | 102.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 26% | 14% | 18% | 8% |
| Operating Profit CAGR | 25% | 15% | 16% | 14% |
| PAT CAGR | 11% | 23% | 15% | 13% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 12% | 13% | 18% | 19% |
| ROE Average | 10% | 10% | 10% | 11% |
| ROCE Average | 11% | 10% | 10% | 10% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 182055 | 198687 | 218499 | 231556 | 263709 | 293506 | 387112 | 449166 | 700172 | 779485 | 715872 |
| Minority's Interest | 949 | 959 | 3038 | 3356 | 2917 | 3539 | 8280 | 12181 | 99260 | 109499 | 113009 |
| Borrowings | 70960 | 101016 | 120777 | 141647 | 152148 | 144175 | 207506 | 197631 | 163683 | 187699 | 183176 |
| Other Non-Current Liabilities | 12119 | 13025 | 23619 | 37284 | 52713 | 56201 | 77410 | 91121 | 79382 | 113277 | 198082 |
| Total Current Liabilities | 96274 | 115156 | 138553 | 185154 | 235315 | 313852 | 314023 | 412916 | 277568 | 308662 | 395743 |
| Total Liabilities | 362357 | 428843 | 504486 | 598997 | 706802 | 811273 | 997630 | 1163015 | 1320065 | 1498622 | 1605882 |
| Fixed Assets | 133487 | 141417 | 156458 | 184910 | 198526 | 403885 | 398374 | 532658 | 541258 | 627798 | 724805 |
| Other Non-Current Assets | 72956 | 136357 | 211451 | 286302 | 361463 | 223602 | 367203 | 372097 | 405796 | 523805 | 455781 |
| Total Current Assets | 155914 | 151069 | 136577 | 127785 | 146813 | 183786 | 227386 | 258260 | 373011 | 347019 | 425296 |
| Total Assets | 362357 | 428843 | 504486 | 598997 | 706802 | 811273 | 997630 | 1163015 | 1320065 | 1498622 | 1605882 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 40731 | 50456 | 34360 | 12285 | 11023 | 2989 | 7336 | 11081 | 30920 | 17397 | 36178 |
| Cash Flow from Operating Activities | 36918 | 43261 | 34374 | 38134 | 49550 | 71459 | 42346 | 94877 | 26958 | 110654 | 115032 |
| Cash Flow from Investing Activities | -27650 | -73070 | -64898 | -36190 | -66292 | -68290 | -95128 | -72520 | -142409 | -110103 | -91235 |
| Cash Flow from Financing Activities | 408 | 13713 | 8444 | -3210 | 8617 | -2001 | 55906 | -2541 | 101904 | 17289 | 10455 |
| Net Cash Inflow / Outflow | 9676 | -16096 | -22080 | -1266 | -8125 | 1168 | 3124 | 19816 | -13547 | 17840 | 34252 |
| Closing Cash & Cash Equivalent | 50456 | 34360 | 12472 | 11023 | 2989 | 4255 | 11081 | 30920 | 17397 | 36178 | 68664 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 35.22 | 37.89 | 39.66 | 49.97 | 50.05 | 60.34 | 66.17 | 61.5 | 76.23 | 89.73 | 98.58 |
| CEPS(Rs) | 57.83 | 60.15 | 59.41 | 69.6 | 69.43 | 88.3 | 101.58 | 97.01 | 124.61 | 141.86 | 168.45 |
| DPS(Rs) | 9 | 9.5 | 10 | 10.5 | 11 | 6 | 6.5 | 6.5 | 7 | 8 | 9 |
| Book NAV/Share(Rs) | 304.26 | 333.24 | 366.28 | 387.59 | 439.91 | 490.9 | 647.07 | 701.87 | 1023.42 | 1151.59 | 1057.09 |
| Core EBITDA Margin(%) | 8.08 | 7.8 | 9.62 | 14.06 | 13.99 | 14.9 | 13.46 | 13.47 | 14.82 | 13.75 | 14.45 |
| EBIT Margin(%) | 7.27 | 7.3 | 8.86 | 14.47 | 13.29 | 13.34 | 11.47 | 11.46 | 14.21 | 12.26 | 11.65 |
| Pre Tax Margin(%) | 6.42 | 6.44 | 8.01 | 13.21 | 12.12 | 11.47 | 8.83 | 8.12 | 10.29 | 10.42 | 9.65 |
| PAT Margin (%) | 5.11 | 5.05 | 6.09 | 10.18 | 9.04 | 8.38 | 6.37 | 6.04 | 9.97 | 8.39 | 7.56 |
| Cash Profit Margin (%) | 8.39 | 8 | 9.09 | 14.12 | 12.56 | 12.25 | 9.72 | 9.41 | 14.89 | 12.17 | 11.69 |
| ROA(%) | 6.06 | 5.7 | 5.07 | 5.41 | 4.57 | 4.75 | 4.4 | 3.69 | 4.33 | 4.7 | 4.75 |
| ROE(%) | 12.07 | 11.92 | 11.38 | 13.32 | 12.09 | 12.97 | 11.71 | 9.54 | 9.69 | 9.2 | 9.86 |
| ROCE(%) | 10.88 | 10.45 | 9.63 | 10.73 | 10.06 | 11.81 | 12.06 | 10.35 | 8.82 | 9.68 | 10.95 |
| Receivable days | 11.93 | 7.83 | 6.92 | 6.09 | 6.99 | 10.9 | 13.91 | 13.76 | 13.09 | 9.87 | 9.75 |
| Inventory Days | 45.27 | 45.52 | 51.66 | 62.06 | 52.75 | 46.52 | 37.48 | 39.12 | 52.65 | 43.84 | 46.39 |
| Payable days | 49.47 | 55.58 | 74.57 | 115.43 | 117.54 | 125.22 | 99.5 | 92.33 | 128.15 | 103.5 | 94.34 |
| PER(x) | 10.88 | 12.15 | 10.3 | 10.36 | 13.05 | 14.49 | 20.4 | 17.92 | 26.28 | 29.35 | 23.65 |
| Price/Book(x) | 1.26 | 1.38 | 1.12 | 1.34 | 1.49 | 1.78 | 2.09 | 1.57 | 1.96 | 2.29 | 2.21 |
| Dividend Yield(%) | 1.16 | 1.02 | 1.21 | 1 | 0.83 | 0.68 | 0.48 | 0.58 | 0.35 | 0.3 | 0.39 |
| EV/Net Sales(x) | 0.72 | 0.86 | 1.04 | 1.75 | 1.91 | 1.88 | 1.91 | 1.69 | 3.27 | 2.89 | 2.08 |
| EV/Core EBITDA(x) | 6.59 | 8.17 | 8.48 | 8.9 | 10.51 | 9.96 | 11.73 | 9.89 | 15.72 | 16.31 | 11.84 |
| Net Sales Growth(%) | 10.76 | 9.42 | -13.59 | -27.02 | 11.45 | 28.26 | 45.33 | 4.98 | -21.86 | 49.05 | 26.13 |
| EBIT Growth(%) | 4.87 | 9.83 | 5.62 | 23.23 | 3.43 | 30.98 | 24.91 | 5.45 | 1.34 | 27.06 | 17.45 |
| PAT Growth(%) | 5.93 | 7.96 | 4.84 | 26.32 | -0.09 | 20.94 | 10.59 | 0.11 | 34.75 | 24.35 | 11.31 |
| EPS Growth(%) | 7.41 | 7.58 | 4.66 | 26.01 | 0.15 | 20.57 | 9.66 | -7.07 | 23.95 | 17.72 | 9.86 |
| Debt/Equity(x) | 0.59 | 0.7 | 0.74 | 0.79 | 0.75 | 0.75 | 0.75 | 0.75 | 0.38 | 0.34 | 0.44 |
| Current Ratio(x) | 1.62 | 1.31 | 0.99 | 0.69 | 0.62 | 0.59 | 0.72 | 0.63 | 1.34 | 1.12 | 1.07 |
| Quick Ratio(x) | 1.05 | 0.82 | 0.6 | 0.44 | 0.42 | 0.39 | 0.51 | 0.45 | 1.05 | 0.78 | 0.72 |
| Interest Cover(x) | 8.57 | 8.5 | 10.38 | 11.49 | 11.4 | 7.14 | 4.35 | 3.43 | 3.62 | 6.63 | 5.81 |
| Total Debt/Mcap(x) | 0.43 | 0.46 | 0.6 | 0.54 | 0.46 | 0.39 | 0.33 | 0.48 | 0.19 | 0.15 | 0.2 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 49.11 | 49.11 | 49.11 | 49.11 | 49.11 | 49.11 | 49.11 | 49.11 | 49.11 | 49.11 |
| FII | 23.99 | 23.47 | 23.16 | 22.85 | 22.8 | 21.85 | 21.91 | 21.94 | 21.6 | 21.52 |
| DII | 13.4 | 13.98 | 14.43 | 14.69 | 15.05 | 15.86 | 15.97 | 15.92 | 16.38 | 16.77 |
| Public | 10.53 | 10.38 | 10.33 | 10.46 | 10.3 | 10.6 | 10.48 | 10.73 | 10.55 | 10.2 |
| Others | 2.97 | 3.07 | 2.97 | 2.88 | 2.74 | 2.58 | 2.53 | 2.3 | 2.36 | 2.39 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 332.27 | 332.27 | 332.27 | 332.27 | 332.27 | 332.27 | 332.27 | 332.27 | 332.27 | 332.27 |
| FII | 162.33 | 158.77 | 156.68 | 154.6 | 154.25 | 147.82 | 148.23 | 148.45 | 146.18 | 145.61 |
| DII | 90.65 | 94.56 | 97.64 | 99.43 | 101.83 | 107.34 | 108.04 | 107.73 | 110.81 | 113.5 |
| Public | 71.22 | 70.23 | 69.88 | 70.8 | 69.71 | 71.72 | 70.93 | 72.58 | 71.38 | 69.05 |
| Others | 20.12 | 20.77 | 20.13 | 19.5 | 18.54 | 17.46 | 17.14 | 15.57 | 15.97 | 16.18 |
| Total | 676.6 | 676.6 | 676.6 | 676.6 | 676.6 | 676.61 | 676.61 | 676.61 | 676.61 | 676.61 |
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