Reliance Industries Ltd logo

Reliance Industries Ltd

RELIANCE NSE

Key Fundamentals

LargecapRefineries & MarketingPetroleum Products
Market Cap
17.7L Cr
Volatility
Moderate
P/E Ratio
21.72
EBITDA
2.1L Cr
Return on Equity
8.8%
Debt to Equity
0.45
Book Value
₹668.04
EPS
₹101.61
52W High
₹1,611.8
52W Low
₹1,253.2

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Reliance Industries Ltd insights

36 extracted metrics + investor summaries across FY06–FY26.

Log in — free

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

2
  • Company has a low return on equity of 8.77% over last 3 years.
  • Dividend payout has been low at 10.2% of profits over last 3 years

Growth Rate

Revenue Growth
10.53% ↘
Net Income Growth
18.35% ↗
Cash Flow Change
7.50% ↗
ROE
10.00% ↗
ROCE
5.40% ↗
EBITDA Margin (Avg.)
2.52% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 7d ago
AI opinion · based on fundamentals
Risk medium

Reliance Industries commands a market cap of ₹17.41 lakh crore with a PE of 18x and P/B of 1.91x. The company has delivered 10% TTM sales growth and 14% TTM profit growth, but its 3-year ROE remains modest at 9% and the stock has declined 16% over the past year.

Bull Case 7
  • Massive scale with ₹17.41 lakh crore market cap providing competitive moat and access to capital across energy, telecom, and retail verticals
  • Reasonable valuation at 18x PE relative to its conglomerate diversification and long-term 10-year profit CAGR of 10%
  • TTM revenue growth of 10% indicates continued top-line momentum despite a high base
  • TTM profit growth of 14% outpacing sales growth of 10%, suggesting margin expansion or operating leverage
  • Long-term wealth creation track record with 10-year stock CAGR of 19%
  • 5-year compounded sales growth of 18% demonstrates ability to scale across business cycles
  • 5-year compounded profit growth of 12% shows sustained earnings power over a medium-term horizon
Bear Case 8
  • Low return on equity of 9% over 3 years and 5 years indicates sub-optimal capital efficiency for a company of this scale
  • Stock has declined 16% over the past 1 year, significantly underperforming broader market indices
  • Dividend payout of only 10.2% of profits over last 3 years offers minimal income return to shareholders
  • Dividend yield of just 0.45% provides negligible cash return relative to risk-free alternatives
  • 3-year stock CAGR of only 1% suggests prolonged period of no meaningful shareholder returns
  • 3-year compounded profit growth of only 5% indicates a significant deceleration from the 5-year CAGR of 12%
  • 3-year compounded sales growth slowed to 6% from 18% over 5 years, pointing to possible top-line saturation in key segments
  • P/B ratio of 1.91x combined with 9% ROE implies the stock is priced above what its return on capital currently justifies

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 7h ago
Headwinds 3
  • SEBI insider trading warning Jul 06

    SEBI issued an administrative warning to Reliance Industries for violations of insider trading regulations by employees in July 2024.

  • Q4 profit down 12.6% YoY Jun 16

    Q4 FY26 consolidated net profit declined 12.6% YoY to ₹20,589 crore despite record revenue of ₹3,25,290 crore, reflecting O2C margin pressure and higher depreciation.

  • Stock down 7% over past year Jun 17

    Reliance declined 7.06% over the past year, underperforming the NIFTY's 3.09% drop, with P/E at 42.03 on trailing twelve months earnings.

Positives 6
  • Jio files DRHP for IPO Jun 20

    Jio Platforms filed a DRHP with SEBI for an IPO of up to 27 crore shares, backed by 524 million users and PAT exceeding ₹30,000 crore in FY26.

  • Record FY26 revenue and profit Jun 19

    Reliance posted record FY26 revenue of ₹11,75,919 crore (+9.8% YoY) and net profit of ₹95,754 crore (+18.3% YoY).

  • AI infrastructure push with Meta Jun 16

    Reliance is building a 168 MW AI data centre in Jamnagar for Meta and deploying new NVIDIA GPUs to develop India's AI backbone.

  • Rs 6 dividend declared Jun 19

    Reliance announced a dividend of Rs 6 per share for FY26, with all AGM resolutions passed with requisite majority.

  • Karkinos crosses 1 lakh HPV tests Jun 24

    Subsidiary Karkinos Healthcare completed 1 lakh HPV DNA screenings across India, strengthening cervical cancer prevention efforts.

  • Five-session winning streak Jun 17

    Stock closed at ₹1,329.1 after gaining for five consecutive sessions, with analyst consensus targets implying 25-28% upside.

Neutral 8
  • Q1 results scheduled Jul 17 Jul 10

    Reliance has scheduled a review of Q1 FY27 financial results on July 17, 2026.

  • Jio LEO satellite and 5G plans Jun 19

    Akash Ambani announced Jio's LEO satellite launch plans and a target for all users to migrate to 5G by 2030.

  • Low alcohol beverages entry Jun 25

    Reliance plans to introduce low alcohol drinks in India and is exploring acquisition of an alcohol manufacturing firm.

  • ₹118.66 crore block trade Jul 02

    A block trade of ~9.12 lakh shares at ₹1,301.20/share totalling ₹118.66 crore was recorded on NSE, indicating institutional activity.

  • US subsidiary dissolved Jul 08

    Reliance dissolved REC US Holdings Inc on July 6, 2026; the subsidiary had nil turnover and negligible net worth.

  • Jio Teleframe AI home OS launched Jun 19

    Reliance announced Jio Teleframe, an AI home operating system, at the AGM with no pricing or availability details disclosed.

  • Coal gasification and green jobs Jun 19

    Reliance highlighted progress in its coal gasification program aiming to generate 200,000 green jobs as part of energy transition efforts.

  • No promoter share encumbrance in FY26 Jun 26

    Promoter group entities declared no encumbrance on shares during FY26, filed under SEBI Takeover Regulations.

TL;DR: Reliance delivered record FY26 financials with ₹95,754 crore PAT and is executing a major strategic pivot via Jio's IPO filing and AI infrastructure investments. Key risks include a SEBI insider trading warning, Q4 profit decline from O2C margin pressure, and 7% stock underperformance over the past year. The trend is improving near-term with a five-session rally and strong analyst targets (25-28% upside), but sustained re-rating depends on Jio IPO execution and new energy commercialization timelines.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,12,834
2,07,559
2,31,886
2,25,086
2,36,533
2,31,784
2,31,535
2,39,986
2,61,388
2,43,632
2,54,623
2,64,905
2,94,059
Expenses
1,74,478
1,69,466
1,90,918
1,84,430
1,94,017
1,93,019
1,92,477
1,96,197
2,17,556
2,00,727
2,08,738
2,18,887
2,49,918
Operating Profit
38,356
38,093
40,968
40,656
42,516
38,765
39,058
43,789
43,832
42,905
45,885
46,018
44,141
OPM %
18%
18%
18%
18%
18%
17%
17%
18%
17%
18%
18%
17%
15%
Other Income
2,996
3,813
3,841
3,869
4,534
3,983
4,876
4,214
4,905
15,119
4,482
4,914
4,447
Interest
5,819
5,837
5,731
5,789
5,761
5,918
6,017
6,179
6,155
7,036
6,827
6,613
6,585
Depreciation
11,452
11,775
12,585
12,903
13,569
13,596
12,880
13,181
13,479
13,842
14,416
14,622
14,808
PBT
24,081
24,294
26,493
25,833
27,720
23,234
25,037
28,643
29,103
37,146
29,124
29,697
27,195
Tax %
11%
25%
25%
25%
24%
25%
24%
24%
23%
17%
24%
25%
24%
Net Profit
21,327
18,258
19,878
19,641
21,243
17,445
19,323
21,930
22,611
30,783
22,092
22,290
20,589
EPS in Rs
14.26
11.83
12.85
12.76
14.01
11.19
12.24
13.7
14.34
19.95
13.42
13.78
12.54
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
3,74,372
2,72,583
3,03,954
3,90,823
5,68,337
5,96,679
4,66,307
6,94,673
8,76,396
8,99,041
9,62,820
10,55,780
Expenses
3,36,923
2,30,802
2,57,647
3,26,508
4,84,087
5,07,413
3,85,517
5,86,092
7,34,078
7,36,543
7,97,222
8,76,715
Operating Profit
37,449
41,781
46,307
64,315
84,250
89,266
80,790
1,08,581
1,42,318
1,62,498
1,65,598
1,79,065
OPM %
10%
15%
15%
16%
15%
15%
17%
16%
16%
18%
17%
17%
Other Income
8,528
12,212
9,222
9,869
8,406
8,570
22,432
19,600
12,020
15,792
17,824
28,846
Interest
3,316
3,691
3,849
8,052
16,495
22,027
21,189
14,584
19,571
23,118
24,269
27,061
Depreciation
11,547
11,565
11,646
16,706
20,934
22,203
26,572
29,782
40,303
50,832
53,136
57,688
PBT
31,114
38,737
40,034
49,426
55,227
53,606
55,461
83,815
94,464
1,04,340
1,06,017
1,23,162
Tax %
24%
23%
25%
27%
28%
26%
3%
19%
22%
25%
24%
22%
Net Profit
23,640
29,861
29,833
36,080
39,837
39,880
53,739
67,845
74,088
79,020
81,309
95,754
EPS in Rs
17.07
21.51
21.55
26.69
29.28
29.1
38.75
44.87
49.29
51.45
51.47
59.69
Div. Payout %
12%
10%
11%
10%
10%
10%
9%
9%
9%
10%
11%
10%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2,943
2,948
2,959
5,922
5,926
6,339
6,445
6,765
6,766
6,766
13,532
13,532
Reserves
2,15,556
2,28,608
2,60,750
2,87,584
3,81,186
4,42,827
6,93,727
7,72,720
7,09,106
7,86,715
8,29,668
8,90,498
Borrowings
1,68,251
1,94,714
2,17,475
2,39,843
3,07,714
3,55,133
2,78,962
3,19,158
4,51,664
3,50,719
3,74,313
4,02,962
Other Liabilities
1,17,736
1,72,727
2,25,618
2,77,924
3,02,804
3,58,716
3,40,931
3,99,979
4,38,346
6,10,848
7,32,200
8,70,554
Total Liabilities
5,04,486
5,98,997
7,06,802
8,11,273
9,97,630
11,63,015
13,20,065
14,98,622
16,05,882
17,55,048
19,49,713
21,77,546
Fixed Assets
1,56,458
1,84,910
1,98,526
4,03,885
3,98,374
5,32,658
5,41,258
6,27,798
7,24,805
7,79,985
9,99,393
11,24,795
CWIP
1,66,462
2,28,697
3,24,837
1,87,022
1,79,463
1,09,106
1,25,953
1,72,506
2,93,752
3,38,855
2,62,358
2,37,686
Investments
76,451
84,015
82,899
82,862
2,35,635
2,76,767
3,64,828
3,94,264
2,35,560
2,25,672
2,42,381
2,48,332
Other Assets
1,05,115
1,01,375
1,00,540
1,37,504
1,84,158
2,44,484
2,88,026
3,04,054
3,51,765
4,10,536
4,45,581
5,66,733
Total Assets
5,04,486
5,98,997
7,06,802
8,11,273
9,97,630
11,63,015
13,20,065
14,98,622
16,05,882
17,55,048
19,49,713
21,77,546
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
34,374
38,134
49,550
71,459
42,346
94,877
26,958
1,10,654
1,15,032
1,58,788
1,78,703
1,92,113
Investing
-64,706
-36,186
-66,201
-68,192
-94,507
-72,497
-1,42,385
-1,09,162
-93,001
-1,13,581
-1,37,535
-1,01,089
Financing
8,444
-3,210
8,617
-2,001
55,906
-2,541
1,01,904
17,289
10,455
-16,646
-31,891
-51,549
Net Cash Flow
-21,888
-1,262
-8,034
1,266
3,745
19,839
-13,523
18,781
32,486
28,561
9,277
39,475
Free Cash Flow
-28,588
-8,420
-27,077
-1,495
-50,431
19,324
-76,560
13,646
-16,770
21,212
41,079
70,023
CFO/OP
109
112
129
126
65
116
37
105
85
105
115
113
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
5
6
10
16
19
12
15
12
12
13
16
20
Inventory Days
66
90
84
83
63
67
102
83
87
95
85
88
Days Payable
74
117
132
146
100
87
136
123
91
111
108
84
Cash Conversion Cycle
-2
-21
-38
-46
-18
-9
-19
-27
7
-3
-8
25
Working Capital Days
-64
-148
-179
-179
-108
-158
-58
-56
-66
-53
-68
-66
ROCE %
9%
10%
10%
11%
12%
11%
8%
8%
9%
10%
10%
10%

Shareholding Pattern

As of Mar 2026
Promoters 50.00%
DIIs 20.55%
FIIs 18.67%
Public 8.36%
Others 2.33%
Government 0.10%
Total 100.01%
  Dec 2015Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
46.66%
50.58%
50.59%
50.61%
50.61%
50.66%
50.62%
50.57%
50.49%
50.41%
50.39%
50.27%
50.30%
50.31%
50.33%
50.24%
50.24%
50.13%
50.11%
50.07%
50.01%
50.01%
50.00%
FIIs
14.19%
0.02%
0.02%
0.02%
0.02%
0.02%
0.03%
0.05%
0.05%
0.07%
0.07%
22.60%
22.14%
22.06%
21.75%
21.29%
20.17%
19.15%
19.06%
19.21%
18.65%
19.09%
18.67%
DIIs
13.48%
10.35%
10.78%
10.84%
11.20%
11.74%
12.16%
14.10%
15.34%
16.14%
16.23%
16.07%
16.68%
17.09%
17.41%
17.68%
18.31%
19.10%
19.45%
19.80%
20.33%
20.18%
20.55%
Government
0.13%
0.20%
0.18%
0.18%
0.17%
0.17%
0.17%
0.10%
0.10%
0.10%
0.11%
0.11%
0.11%
0.12%
0.12%
0.12%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
Public
10.18%
8.89%
8.97%
8.62%
8.78%
8.71%
8.65%
8.60%
8.44%
8.72%
8.60%
8.80%
8.65%
8.39%
8.37%
8.58%
8.75%
9.01%
8.86%
8.48%
8.50%
8.27%
8.36%
Others
15.36%
29.96%
29.46%
29.73%
29.21%
28.69%
28.38%
26.57%
25.57%
24.56%
24.61%
2.15%
2.12%
2.03%
2.03%
2.09%
2.43%
2.50%
2.42%
2.35%
2.41%
2.36%
2.33%
No. of Shareholders
26,68,390
30,31,270
32,04,330
30,43,510
32,50,800
33,27,850
33,06,730
34,85,820
33,62,920
36,39,400
35,06,870
36,98,650
36,13,810
34,63,280
34,93,120
38,34,970
42,90,630
47,14,960
47,65,730
44,35,760
43,93,760
42,06,160
44,21,290

Documents

1
Concall - Oct 2017 Oct 2017
2
Concall - Jan 2018 Jan 2018
3
Concall - Apr 2018 Apr 2018
4
Concall - Oct 2018 Oct 2018
5
Concall - Jan 2019 Jan 2019

Frequently Asked Questions about Reliance Industries Ltd

What does Reliance Industries Ltd do?
Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate.
Where is Reliance Industries Ltd (RELIANCE) listed?
Reliance Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: RELIANCE and BSE: 500325. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Reliance Industries Ltd belong to?
Reliance Industries Ltd operates in the Petroleum Products sector within the Refineries & Marketing industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Reliance Industries Ltd?
Reliance Industries Ltd has a market capitalisation of approximately ₹1769514.76 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Reliance Industries Ltd?
The Price-to-Earnings (PE) ratio of Reliance Industries Ltd is 21.72. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Reliance Industries Ltd?
Over the past 52 weeks, Reliance Industries Ltd has traded between a low of ₹1,253.2 and a high of ₹1,611.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does Reliance Industries Ltd pay dividends?
Yes, Reliance Industries Ltd has a dividend yield of 0.45%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Reliance Industries Ltd?
Reliance Industries Ltd has a Return on Equity (ROE) of 8.80%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Reliance Industries Ltd on Tapetide?
On Tapetide, you can view Reliance Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate.

Website ril.com
CEO Mr. Mukesh Dhirubhai Ambani
Employees 4,03,303
Listed 1995-11-29
Face Value ₹ 10
Issued Size 13,53,24,72,634

Explore More

More in Petroleum Products → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List