Reliance Infra

₹163 1.6 | 1%

WEBSITE BSE:500390 NSE : REL INFRA 10 May, 16:01

Market Cap ₹6457 Cr.

Stock P/E -1.4

P/B -0.5

Current Price ₹163

Book Value ₹ -329.4

Face Value 10

52W High ₹308

Dividend Yield 0%

52W Low ₹ 131.4

Edit Ratio

Reliance Infra Research see more...

Overview Inc. Year: 1929Industry: Power Generation/Distribution

Reliance Infrastructure Ltd is in the commercial enterprise of construction and engineering. It operates thru three segments: Power, Engineering and Construction (E&C) and Infrastructure. The Power section is engaged in transmission, generation and distribution of electrical energy at diverse place. It operates a 220 megawatt (MW) combined cycle power plant at Samalkot, a 48 MW combined cycle power plant at Mormugao, and a 9.39 MW Windfarm at Chitradurga. It materials power to residential, commercial, industrial, and different purchasers. The E&C section renders value delivered offerings in construction, erection, commissioning and contracting. The infrastructure section includes groups with respect to development, operation and maintenance of toll roads, metro rail transit device and airports. It is also concerned in implementation, operation, and maintenance of several tasks in defense sector and infrastructural regions via its SPV.

Reliance Infra Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Reliance Infra Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	5713	4202	4160	6172	6229	4111	4159	5565	7137	4657
Other Income	47	79	308	177	182	114	55	81	237	60
Total Income	5760	4281	4468	6349	6411	4225	4214	5645	7373	4717
Total Expenditure	5167	3350	4051	5363	5432	3257	3379	4844	6495	3892
Operating Profit	594	932	416	986	979	968	836	802	879	825
Interest	516	504	527	527	567	657	643	571	610	578
Depreciation	308	330	331	350	365	368	366	371	387	379
Exceptional Income / Expenses	0	0	0	0	0	0	-2393	-355	0	125
Profit Before Tax	-230	98	-442	109	47	-57	-2565	-495	-118	-7
Provision for Tax	11	6	1	4	-3	8	-1	-0	5	15
Profit After Tax	-241	92	-443	106	50	-64	-2564	-495	-124	-22
Adjustments	-66	-217	-29	-192	-212	-203	-141	-178	-170	-400
Profit After Adjustments	-306	-126	-472	-86	-162	-267	-2705	-673	-294	-421
Adjusted Earnings Per Share	-11.6	-4.8	-18	-3.3	-6.2	-9.3	-76.9	-19.1	-7.4	-10.6

Reliance Infra Profit & Loss

#(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	22631	18960	16279	29013	26575	18507	19731	19462	17221	18982	21340	21518
Other Income	1058	1265	1653	2055	2234	2985	6676	2103	4262	721	515	433
Total Income	23689	20225	17933	31068	28808	21492	26407	21564	21483	19703	21854	21949
Total Expenditure	19672	15793	14252	23905	21899	14895	17548	18238	17033	17154	20120	18610
Operating Profit	4017	4432	3681	7162	6909	6598	8859	3327	4450	2549	1734	3342
Interest	1687	2057	2583	5278	5581	5204	2581	2400	2727	2060	2393	2402
Depreciation	551	534	833	1544	1688	1254	1292	1389	1352	1283	1449	1503
Exceptional Income / Expenses	383	0	1119	150	1271	867	-6164	1278	2568	138	-358	-2623
Profit Before Tax	2161	1841	1384	490	911	1006	-1178	815	2939	-656	-2466	-3185
Provision for Tax	203	274	70	204	-174	-151	-238	-51	-167	23	7	19
Profit After Tax	1959	1566	1314	286	1085	1158	-940	866	3106	-679	-2473	-3205
Adjustments	288	347	487	474	340	98	-1487	-94	-1981	-320	-748	-889
Profit After Adjustments	2247	1914	1800	760	1425	1256	-2427	771	1125	-999	-3221	-4093
Adjusted Earnings Per Share	85.4	72.8	68.5	28.9	54.2	47.7	-92.3	29.3	42.8	-38	-91.6	-114

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	3%	3%	-1%
Operating Profit CAGR	-32%	-20%	-23%	-8%
PAT CAGR	0%	NAN%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	10%	50%	9%	-12%
ROE Average	0%	0%	-12%	1%
ROCE Average	-6%	37%	29%	20%

Reliance Infra Balance Sheet

#(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	26121	26591	26974	21652	23348	23680	14176	9792	10860	12407	9294
Minority's Interest	231	252	192	1628	1597	1576	1690	1829	3775	3927	4660
Borrowings	12636	15049	16173	19565	14965	16793	13008	11759	6473	5452	4435
Other Non-Current Liabilities	4517	3951	3775	19961	18067	14081	6720	6466	6506	6655	6949
Total Current Liabilities	22991	23084	23733	37963	40306	43701	32600	35014	34380	32590	34132
Total Liabilities	66496	68928	70847	100769	98282	99832	68194	64861	61994	62403	60899
Fixed Assets	11316	10301	17697	39628	39549	38864	24446	22771	19505	19002	19756
Other Non-Current Assets	31844	34812	28481	21589	18074	17008	10692	4988	4409	7468	5297
Total Current Assets	23335	23815	24670	21444	22690	25740	16550	19184	17686	13590	11962
Total Assets	66496	68928	70847	100769	98282	99832	68194	64861	61994	62403	60899

Reliance Infra Cash Flow

#(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	1309	398	565	552	454	606	526	626	714	626	982
Cash Flow from Operating Activities	2636	4412	3290	10296	8678	8153	684	2875	1436	3799	3458
Cash Flow from Investing Activities	-7687	-5937	-1725	-5694	-60	-786	2759	-808	447	-502	-1333
Cash Flow from Financing Activities	4163	1721	-1707	-4704	-8452	-7428	-3334	-1979	-1531	-2942	-2242
Net Cash Inflow / Outflow	-888	195	-142	-102	167	-62	109	88	352	356	-117
Closing Cash & Cash Equivalent	398	565	422	454	606	526	635	714	636	982	865

Reliance Infra Ratios

#	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)	85.43	72.77	68.45	28.88	54.19	47.74	-92.28	29.32	42.79	-37.98	-91.57
CEPS(Rs)	95.43	79.87	81.62	69.58	105.46	91.71	13.39	85.73	169.51	22.99	-29.12
DPS(Rs)	7.4	7.5	8	8.5	9	9.5	0	0	0	0	0
Book NAV/Share(Rs)	953.7	960.82	991.35	130.97	200.69	203.83	-88.57	-308.96	-362.53	-316.77	-379.08
Core EBITDA Margin(%)	13.07	16.7	12.4	17.6	17.59	19.52	11.06	6.29	1.09	9.63	5.71
EBIT Margin(%)	17.01	20.55	24.25	19.88	24.43	33.55	7.11	16.52	32.9	7.4	-0.34
Pre Tax Margin(%)	9.55	9.7	8.46	1.69	3.43	5.44	-5.97	4.19	17.06	-3.46	-11.55
PAT Margin (%)	8.66	8.26	8.03	0.99	4.08	6.26	-4.76	4.45	18.03	-3.58	-11.59
Cash Profit Margin (%)	11.09	11.07	13.12	6.31	10.44	13.03	1.78	11.59	25.89	3.19	-4.8
ROA(%)	3.06	2.31	1.88	0.33	1.09	1.17	-1.12	1.3	4.9	-1.09	-4.01
ROE(%)	8.01	6.2	5.1	1.93	24.33	21.36	-60.03	0	0	0	0
ROCE(%)	8.63	8.05	7.81	13.41	19.89	20	6.06	26.37	85.61	32.09	-5.63
Receivable days	69.77	84.2	116.9	69.82	77.32	109.12	91.49	88.35	94.1	77.29	57.07
Inventory Days	6.84	9.52	12.57	7.31	6.63	7.95	4.22	1.19	1.45	1.34	1.26
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	3.8	5.98	6.32	18.47	10.49	8.94	0	0.34	0.82	0	0
Price/Book(x)	0.34	0.45	0.43	3.96	2.78	2.06	-1.54	-0.03	-0.1	-0.36	-0.38
Dividend Yield(%)	2.28	1.72	1.85	1.59	1.58	2.23	0	0	0	0	0
EV/Net Sales(x)	1.33	1.85	2.25	1.52	1.51	1.92	1.04	0.82	0.8	0.76	0.71
EV/Core EBITDA(x)	7.47	7.91	9.95	6.16	5.8	5.38	2.31	4.77	3.11	5.64	8.73
Net Sales Growth(%)	-6.2	-16.22	-14.14	78.22	-8.4	-30.36	6.61	-1.36	-11.51	10.22	12.42
EBIT Growth(%)	22.56	1.28	1.77	45.41	12.55	-4.35	-77.41	129.14	76.21	-75.22	-105.14
PAT Growth(%)	55.42	-20.03	-16.14	-78.23	279.47	6.66	-181.18	192.1	258.81	-121.86	-264.3
EPS Growth(%)	41.59	-14.83	-5.93	-57.8	87.61	-11.91	-293.29	131.78	45.91	-188.77	-141.08
Debt/Equity(x)	0.87	0.96	0.98	8.62	4.8	4.66	-7.63	-2.1	-1.45	-1.52	-0.86
Current Ratio(x)	1.01	1.03	1.04	0.56	0.56	0.59	0.51	0.55	0.51	0.42	0.35
Quick Ratio(x)	0.99	1.01	1.01	0.55	0.55	0.58	0.51	0.55	0.51	0.41	0.35
Interest Cover(x)	2.28	1.89	1.54	1.09	1.16	1.19	0.54	1.34	2.08	0.68	-0.03
Total Debt/Mcap(x)	2.57	2.12	2.26	2.18	1.73	2.27	4.94	64.25	15	4.27	2.26

Reliance Infra Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.95	4.95	4.95	4.95	4.53	18.58	18.58	16.5	16.5	16.5
FII	1.32	1.42	2.09	3.03	11.86	12.24	12.87	12.1	12.69	11.77
DII	5.06	4.97	4.97	4.95	3.84	3.14	3.06	2.85	2.66	2.18
Public	88.02	88	87.33	86.41	79.16	65.55	65.1	68.21	68.14	69.54
Others	0.66	0.66	0.66	0.66	0.6	0.49	0.39	0.34	0	0
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	1.3	1.3	1.3	1.3	1.3	6.54	6.54	6.54	6.54	6.54
FII	0.35	0.37	0.55	0.8	3.41	4.31	4.53	4.79	5.03	4.66
DII	1.33	1.31	1.31	1.3	1.1	1.1	1.08	1.13	1.05	0.87
Public	23.15	23.14	22.97	22.73	22.74	23.06	22.9	27.02	26.99	27.55
Others	0.17	0.17	0.17	0.17	0.17	0.17	0.14	0.14	0	0
Total	26.3	26.3	26.3	26.3	28.72	35.18	35.18	39.61	39.61	39.61

Pros

Stock is trading at -0.5 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 16.5%.
Company has a low return on equity of 0% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.