Reliance Infra

₹262.8 -11.8 | 4.3%

WEBSITE BSE:500390 NSE : REL INFRA 24 Jan, 16:01

Market Cap ₹10408 Cr.

Stock P/E -16.1

P/B -1

Current Price ₹262.8

Book Value ₹ -271.2

Face Value 10

52W High ₹350.9

Dividend Yield 0%

52W Low ₹ 143.7

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

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Peer Comparison

Reliance Infra Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	6172	6229	4111	4186	5591	7153	4657	4686	7193	7258
Other Income	177	182	114	28	55	221	60	97	63	87
Total Income	6349	6411	4225	4214	5645	7373	4717	4783	7256	7346
Total Expenditure	5363	5432	3257	3379	4844	6495	3892	4070	6517	6647
Operating Profit	986	979	968	836	802	879	825	713	739	699
Interest	527	567	657	643	571	610	578	552	470	472
Depreciation	350	365	368	366	371	387	379	366	348	355
Exceptional Income / Expenses	0	0	0	-2393	-355	0	125	220	0	3656
Profit Before Tax	109	47	-57	-2565	-495	-118	-7	15	-78	3527
Provision for Tax	4	-3	8	-1	-0	5	15	21	-9	0
Profit After Tax	106	50	-64	-2564	-495	-124	-22	-5	-69	3527
Adjustments	-192	-212	-203	-141	-178	-170	-400	-215	-164	555
Profit After Adjustments	-86	-162	-267	-2705	-673	-294	-421	-221	-234	4083
Adjusted Earnings Per Share	-3.3	-6.2	-9.3	-76.9	-19.1	-7.4	-10.6	-5.6	-5.9	103.1

Reliance Infra Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	18960	16279	29013	26575	18507	19731	19462	17221	18982	21435	22805	23794
Other Income	1265	1653	2055	2234	2985	6676	2103	4262	721	419	452	307
Total Income	20225	17933	31068	28808	21492	26407	21564	21483	19703	21854	23257	24102
Total Expenditure	15793	14252	23905	21899	14895	17548	18238	17033	17154	20120	20754	21126
Operating Profit	4432	3681	7162	6909	6598	8859	3327	4450	2549	1734	2503	2976
Interest	2057	2583	5278	5581	5204	2581	2400	2727	2060	2393	2310	2072
Depreciation	534	833	1544	1688	1254	1292	1389	1352	1283	1449	1503	1448
Exceptional Income / Expenses	0	1119	150	1271	867	-6164	1278	2568	138	-358	705	4001
Profit Before Tax	1841	1384	490	911	1006	-1178	815	2939	-656	-2466	-605	3457
Provision for Tax	274	70	204	-174	-151	-238	-51	-167	23	7	41	27
Profit After Tax	1566	1314	286	1085	1158	-940	866	3106	-679	-2473	-646	3431
Adjustments	347	487	474	340	98	-1487	-94	-1981	-320	-748	-963	-224
Profit After Adjustments	1914	1800	760	1425	1256	-2427	771	1125	-999	-3221	-1609	3207
Adjusted Earnings Per Share	72.8	68.5	28.9	54.2	47.7	-92.3	29.3	42.8	-38	-91.6	-40.6	81

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	6%	10%	3%	2%
Operating Profit CAGR	44%	-17%	-22%	-6%
PAT CAGR	0%	NAN%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	23%	41%	64%	-6%
ROE Average	0%	0%	0%	-0%
ROCE Average	0%	9%	28%	19%

Reliance Infra Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	26591	26974	21652	23348	23680	14176	9792	10860	12407	9294	8747
Minority's Interest	252	192	1628	1597	1576	1690	1829	3775	3927	4660	5111
Borrowings	15049	16173	19565	14965	16793	13008	11759	6473	5452	4435	3170
Other Non-Current Liabilities	3951	3775	19961	18067	14081	6720	6466	6506	6655	6949	6219
Total Current Liabilities	23084	23733	37963	40306	43701	32600	35014	34380	32590	34132	34428
Total Liabilities	68928	70847	100769	98282	99832	68194	64861	61994	62403	60899	59159
Fixed Assets	10301	17697	39628	39549	38864	24446	22771	19505	19002	19756	17757
Other Non-Current Assets	34812	28481	21589	18074	17008	10692	4988	4409	7468	5297	4495
Total Current Assets	23815	24670	21444	22690	25740	16550	19184	17686	13590	11962	12258
Total Assets	68928	70847	100769	98282	99832	68194	64861	61994	62403	60899	59159

Reliance Infra Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	398	565	552	454	606	526	626	714	626	982	865
Cash Flow from Operating Activities	4412	3290	10296	8678	8153	684	2875	1436	3799	3458	4097
Cash Flow from Investing Activities	-5937	-1725	-5694	-60	-786	2759	-808	447	-502	-1333	-448
Cash Flow from Financing Activities	1721	-1707	-4704	-8452	-7428	-3334	-1979	-1531	-2942	-2242	-3648
Net Cash Inflow / Outflow	195	-142	-102	167	-62	109	88	352	356	-117	2
Closing Cash & Cash Equivalent	565	422	454	606	526	635	714	636	982	865	1730

Reliance Infra Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	72.77	68.45	28.88	54.19	47.74	-92.28	29.32	42.79	-37.98	-91.57	-40.61
CEPS(Rs)	79.87	81.62	69.58	105.46	91.71	13.39	85.73	169.51	22.99	-29.12	21.64
DPS(Rs)	7.5	8	8.5	9	9.5	0	0	0	0	0	0
Book NAV/Share(Rs)	960.82	991.35	130.97	200.69	203.83	-88.57	-308.96	-362.53	-316.77	-379.08	-368.38
Core EBITDA Margin(%)	16.7	12.4	17.6	17.59	19.52	11.06	6.29	1.09	9.63	6.13	8.99
EBIT Margin(%)	20.55	24.25	19.88	24.43	33.55	7.11	16.52	32.9	7.4	-0.34	7.48
Pre Tax Margin(%)	9.7	8.46	1.69	3.43	5.44	-5.97	4.19	17.06	-3.46	-11.5	-2.65
PAT Margin (%)	8.26	8.03	0.99	4.08	6.26	-4.76	4.45	18.03	-3.58	-11.54	-2.83
Cash Profit Margin (%)	11.07	13.12	6.31	10.44	13.03	1.78	11.59	25.89	3.19	-4.78	3.76
ROA(%)	2.31	1.88	0.33	1.09	1.17	-1.12	1.3	4.9	-1.09	-4.01	-1.08
ROE(%)	6.2	5.1	1.93	24.33	21.36	-60.03	0	0	0	0	0
ROCE(%)	8.05	7.81	13.41	19.89	20	6.06	26.37	85.61	32.09	-5.63	0
Receivable days	84.2	116.9	69.82	77.32	109.12	91.49	88.35	94.1	77.29	56.82	34.11
Inventory Days	9.52	12.57	7.31	6.63	7.95	4.22	1.19	1.45	1.34	1.25	1.47
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	5.98	6.32	18.47	10.49	8.94	0	0.34	0.82	0	0	0
Price/Book(x)	0.45	0.43	3.96	2.78	2.06	-1.54	-0.03	-0.1	-0.36	-0.38	-0.73
Dividend Yield(%)	1.72	1.85	1.59	1.58	2.23	0	0	0	0	0	0
EV/Net Sales(x)	1.85	2.25	1.52	1.51	1.92	1.04	0.82	0.8	0.76	0.71	0.81
EV/Core EBITDA(x)	7.91	9.95	6.16	5.8	5.38	2.31	4.77	3.11	5.64	8.73	7.37
Net Sales Growth(%)	-16.22	-14.14	78.22	-8.4	-30.36	6.61	-1.36	-11.51	10.22	12.93	6.39
EBIT Growth(%)	1.28	1.77	45.41	12.55	-4.35	-77.41	129.14	76.21	-75.22	-105.14	2461.86
PAT Growth(%)	-20.03	-16.14	-78.23	279.47	6.66	-181.18	192.1	258.81	-121.86	-264.3	73.9
EPS Growth(%)	-14.83	-5.93	-57.8	87.61	-11.91	-293.29	131.78	45.91	-188.77	-141.08	55.65
Debt/Equity(x)	0.96	0.98	8.62	4.8	4.66	-7.63	-2.1	-1.45	-1.52	-0.86	-0.67
Current Ratio(x)	1.03	1.04	0.56	0.56	0.59	0.51	0.55	0.51	0.42	0.35	0.36
Quick Ratio(x)	1.01	1.01	0.55	0.55	0.58	0.51	0.55	0.51	0.41	0.35	0.35
Interest Cover(x)	1.89	1.54	1.09	1.16	1.19	0.54	1.34	2.08	0.68	-0.03	0.74
Total Debt/Mcap(x)	2.12	2.26	2.18	1.73	2.27	4.94	64.25	15	4.27	2.26	0.92

Reliance Infra Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	4.95	4.53	18.58	18.58	16.5	16.5	16.5	16.5	16.5	16.5
FII	3.03	11.86	12.24	12.87	12.1	12.69	11.77	12.36	8.39	9
DII	4.95	3.84	3.14	3.06	2.85	2.66	2.18	2.28	1.41	1.36
Public	86.41	79.16	65.55	65.1	68.21	68.14	69.54	68.86	73.71	73.15
Others	0.66	0.6	0.49	0.39	0.34	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	1.3	1.3	6.54	6.54	6.54	6.54	6.54	6.54	6.54	6.54
FII	0.8	3.41	4.31	4.53	4.79	5.03	4.66	4.9	3.32	3.56
DII	1.3	1.1	1.1	1.08	1.13	1.05	0.87	0.9	0.56	0.54
Public	22.73	22.74	23.06	22.9	27.02	26.99	27.55	27.28	29.2	28.98
Others	0.17	0.17	0.17	0.14	0.14	0	0	0	0	0
Total	26.3	28.72	35.18	35.18	39.61	39.61	39.61	39.61	39.61	39.61

Pros

Stock is trading at -1 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.