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Reliance Industries Overview

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 s...Read More

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Reliance Industries Key Financials

Market Cap ₹1848274 Cr.

Stock P/E 22.9

P/B 2

Current Price ₹1365.8

Book Value ₹ 668

Face Value 10

52W High ₹1611.2

Dividend Yield 0.44%

52W Low ₹ 1288

Reliance Industries Share Price

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Volume
Price

Reliance Industries Quarterly Price

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Reliance Industries Peer Comparison

Reliance Industries Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 227970 240715 236217 235481 243865 264573 248660 258898 269496 298621
Other Income 3869 4534 3983 4876 4214 4905 15119 4482 4914 4447
Total Income 231839 245249 240200 240357 248079 269478 263779 263380 274410 303068
Total Expenditure 187314 198199 197452 196423 200076 220741 205755 213013 223478 254480
Operating Profit 44525 47050 42748 43934 48003 48737 58024 50367 50932 48588
Interest 5789 5761 5918 6017 6179 6155 7036 6827 6613 6585
Depreciation 12903 13569 13596 12880 13181 13479 13842 14416 14622 14808
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 25833 27720 23234 25037 28643 29103 37146 29124 29697 27195
Provision for Tax 6345 6577 5786 5936 6839 6669 6465 6978 7530 6579
Profit After Tax 19488 21143 17448 19101 21804 22434 30681 22146 22167 20616
Adjustments -2223 -2192 -2310 -2538 -3264 -3027 -3687 -3981 -3522 -3645
Profit After Adjustments 17265 18951 15138 16563 18540 19407 26994 18165 18645 16971
Adjusted Earnings Per Share 12.8 14 11.2 12.2 13.7 14.3 19.9 13.4 13.8 12.5

Reliance Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 375435 273999 305382 391677 569209 597535 466924 695963 877835 901064 964693 1075675
Other Income 8727 12518 9443 9949 8386 13279 17142 14943 13036 16057 18167 28962
Total Income 384162 286517 314825 401626 577595 610814 484066 710906 890871 917121 982860 1104637
Total Expenditure 338071 232760 259188 327501 485042 508641 387002 587517 736975 738831 799438 896726
Operating Profit 46091 53757 55637 74125 92553 102173 97064 123389 153896 178290 183422 207911
Interest 3316 3691 3849 8052 16495 22027 21189 14584 19571 23118 24269 27061
Depreciation 11661 11565 11646 16706 20934 22203 26572 29782 40303 50832 53136 57688
Exceptional Income / Expenses 0 0 0 0 0 -4444 5642 2836 0 0 0 0
Profit Before Tax 31114 38737 40034 49426 55227 53606 55461 82154 94046 104340 106017 123162
Provision for Tax 7474 8876 10201 13346 15390 13726 1722 15970 20376 25707 25230 27552
Profit After Tax 23640 29861 29833 36080 39837 39880 53739 66184 73670 78633 80787 95610
Adjustments -74 -116 68 -5 -249 -526 -4611 -5479 -6968 -9012 -11139 -14835
Profit After Adjustments 23566 29745 29901 36075 39588 39354 49128 60705 66702 69621 69648 80775
Adjusted Earnings Per Share 19.8 25 25 30.2 33.1 30.7 38.1 44.9 49.3 51.4 51.5 59.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 7% 11% 10% 10%
Operating Profit CAGR 3% 14% 12% 15%
PAT CAGR 3% 7% 15% 13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -0% 5% 7% 18%
ROE Average 10% 10% 10% 11%
ROCE Average 11% 11% 11% 11%

Reliance Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 218499 231556 263709 293506 387112 449166 700172 779485 715872 793481 843200
Minority's Interest 3038 3356 2917 3539 8280 12181 99260 109499 113009 132307 166426
Borrowings 120777 141647 152148 144175 207506 197631 163683 187699 183176 222712 236899
Other Non-Current Liabilities 23619 37284 52713 56201 77410 91121 79382 113277 198082 209181 249451
Total Current Liabilities 138553 185154 235315 313852 314023 412916 277568 308662 395743 397367 453737
Total Liabilities 504486 598997 706802 811273 997630 1163015 1320065 1498622 1605882 1755048 1949713
Fixed Assets 156458 184910 198526 403885 398374 532658 541258 627798 724805 779985 999393
Other Non-Current Assets 211451 286302 361463 223602 367203 372097 405796 523805 455781 504963 451050
Total Current Assets 136577 127785 146813 183786 227386 258260 373011 347019 425296 470100 499270
Total Assets 504486 598997 706802 811273 997630 1163015 1320065 1498622 1605882 1755048 1949713

Reliance Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 34360 12285 11023 2989 7336 11081 30920 17397 36178 68664 97225
Cash Flow from Operating Activities 34374 38134 49550 71459 42346 94877 26958 110654 115032 158788 178703
Cash Flow from Investing Activities -64898 -36190 -66292 -68290 -95128 -72520 -142409 -110103 -91235 -113581 -137535
Cash Flow from Financing Activities 8444 -3210 8617 -2001 55906 -2541 101904 17289 10455 -16646 -31891
Net Cash Inflow / Outflow -22080 -1266 -8125 1168 3124 19816 -13547 17840 34252 28561 9277
Closing Cash & Cash Equivalent 12472 11023 2989 4255 11081 30920 17397 36178 68664 97225 106502

Reliance Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 19.83 24.99 25.02 30.17 33.09 30.75 38.11 44.87 49.29 51.45 51.47
CEPS(Rs) 29.7 34.8 34.71 44.15 50.79 48.51 62.3 70.93 84.22 95.67 98.97
DPS(Rs) 2.48 2.6 2.72 2.97 3.22 3.22 3.5 4 4.5 5 5.5
Book NAV/Share(Rs) 183.14 193.79 219.96 245.45 323.54 350.93 511.71 575.8 528.54 585.8 622.53
Core EBITDA Margin(%) 9.62 14.06 13.99 14.9 13.46 13.47 14.82 13.75 14.45 16.22 15.43
EBIT Margin(%) 8.86 14.47 13.29 13.34 11.47 11.46 14.21 12.26 11.65 12.74 12.16
Pre Tax Margin(%) 8.01 13.21 12.12 11.47 8.83 8.12 10.29 10.42 9.65 10.43 9.9
PAT Margin (%) 6.09 10.18 9.04 8.38 6.37 6.04 9.97 8.39 7.56 7.86 7.54
Cash Profit Margin (%) 9.09 14.12 12.56 12.26 9.72 9.41 14.89 12.17 11.69 12.94 12.5
ROA(%) 5.07 5.41 4.57 4.75 4.4 3.69 4.33 4.7 4.75 4.68 4.36
ROE(%) 11.38 13.32 12.09 12.97 11.71 9.54 9.69 9.2 9.86 10.43 9.88
ROCE(%) 9.63 10.73 10.06 11.81 12.06 10.35 8.82 9.68 10.95 11.87 11.29
Receivable days 6.92 6.09 6.99 10.9 13.91 13.76 13.09 9.87 9.75 10.96 12.56
Inventory Days 51.66 62.06 52.75 46.52 37.48 39.12 52.65 43.84 46.39 53.43 50.91
Payable days 74.57 115.43 117.54 125.22 99.5 92.33 128.15 103.5 94.34 101.4 105.83
PER(x) 10.3 10.36 13.05 14.49 20.4 17.92 26.28 29.35 23.65 28.93 24.77
Price/Book(x) 1.12 1.34 1.49 1.78 2.09 1.57 1.96 2.29 2.21 2.54 2.05
Dividend Yield(%) 1.21 1 0.83 0.68 0.48 0.58 0.35 0.3 0.39 0.34 0.43
EV/Net Sales(x) 1.04 1.75 1.91 1.88 1.91 1.69 3.27 2.89 2.08 2.49 2.04
EV/Core EBITDA(x) 8.48 8.9 10.51 9.96 11.73 9.89 15.72 16.31 11.84 12.57 10.72
Net Sales Growth(%) -13.59 -27.02 11.45 28.26 45.33 4.98 -21.86 49.05 26.13 2.65 7.06
EBIT Growth(%) 5.62 23.23 3.43 30.98 24.78 5.45 1.34 26.21 17.45 12.18 2.22
PAT Growth(%) 4.84 26.32 -0.09 20.94 10.41 0.11 34.75 23.16 11.31 6.74 2.74
EPS Growth(%) 4.66 26.01 0.15 20.57 9.66 -7.07 23.95 17.72 9.86 4.38 0.04
Debt/Equity(x) 0.74 0.79 0.75 0.75 0.75 0.75 0.38 0.34 0.44 0.41 0.41
Current Ratio(x) 0.99 0.69 0.62 0.59 0.72 0.63 1.34 1.12 1.07 1.18 1.1
Quick Ratio(x) 0.6 0.44 0.42 0.39 0.51 0.45 1.05 0.78 0.72 0.8 0.78
Interest Cover(x) 10.38 11.5 11.4 7.14 4.35 3.43 3.62 6.63 5.81 5.51 5.37
Total Debt/Mcap(x) 0.6 0.54 0.46 0.39 0.33 0.48 0.19 0.15 0.2 0.16 0.2

Reliance Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 49.11 49.11 49.11 49.11 49.11 49.11 49.11 49.11 49.11 49.11
FII 21.6 21.52 21.21 20.8 18.76 18.68 18.83 18.3 18.74 18.33
DII 16.38 16.77 17.07 17.37 18.77 19.14 19.52 20.06 19.92 20.28
Public 10.55 10.2 10.18 10.46 11.31 11.09 10.62 10.72 10.44 10.5
Others 2.36 2.39 2.42 2.26 2.05 1.99 1.92 1.81 1.8 1.78
Total 100 100 100 100 100 100 100 100 100 100

Reliance Industries News

Reliance Industries Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.11%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 101.4 to 105.83days.
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