Reliance Industries Ltd logo

Reliance Industries Ltd

RELIANCE NSE

Key Fundamentals

LargecapRefineries & MarketingPetroleum Products
Market Cap
17.8L Cr
Volatility
Moderate
P/E Ratio
23.85
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
₹1,249.8

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 5d ago
AI opinion · based on fundamentals
Risk medium

Reliance Industries commands a market cap of ₹17.83 lakh crore with a PE of 20.3x and TTM sales growth of 15%, but profitability growth has stagnated at 0% TTM and return on equity remains modest at ~9%. The stock has delivered a 10-year CAGR of 19% but has declined 4% over the past year.

Bull Case 8
  • Massive scale with market cap of ₹17.83 lakh crore, providing diversification across energy, telecom, and retail verticals
  • Strong TTM revenue growth of 15%, indicating robust top-line momentum across business segments
  • 10-year compounded sales growth of 15% demonstrates consistent long-term revenue expansion capability
  • 5-year compounded profit growth of 12% shows ability to scale earnings over medium-term cycles
  • 10-year stock CAGR of 19% reflects sustained long-term wealth creation for shareholders
  • PE of 20.3x is moderate for a conglomerate of this scale, suggesting valuation is not excessively stretched relative to historical premiums
  • Price-to-book of 1.98x indicates the stock trades at less than 2x its book value despite its dominant market position
  • 10-year compounded profit growth of 10% demonstrates ability to compound earnings through multiple economic cycles
Bear Case 8
  • TTM profit growth has flatlined at 0%, indicating margin pressure or rising costs despite 15% revenue growth
  • Return on equity of just 9% averaged over 3, 5, and 10 years signals consistently low capital efficiency for a company of this scale
  • Dividend payout of only 10.2% of profits over the last 3 years means shareholders receive minimal cash returns
  • Dividend yield of just 0.45% offers negligible income to investors
  • Stock has delivered negative 4% return over the past 1 year, underperforming broader market indices
  • 3-year stock CAGR of only 2% suggests the stock has largely stagnated over the medium term
  • 3-year compounded sales growth of only 6% is notably weaker than the 10-year average of 15%, suggesting a deceleration trend
  • 3-year compounded profit growth of 5% is less than half the 10-year average of 10%, pointing to slowing earnings momentum

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

AI News Digest

Anthropic anthropic claude-opus-4.6 4h ago
Positives 3
  • Q1FY27 profit up 6.1% Jul 22

    Consolidated net profit rose 6.1% YoY to ₹23,196 crore on revenue of ₹311,850 crore. Highest quarterly recurring EBITDA of ₹54,067 crore (up 10.1% YoY) with broker targets up to ₹1,870.

  • Promoter stake crosses 50% Jul 17

    Promoters increased shareholding by 0.48% in April-June quarter to 50.48%, crossing the majority threshold and signaling stronger promoter commitment.

  • Diesel exports rise to Europe/Brazil Jul 31

    Reliance increased diesel exports to Europe and Brazil in July, actively managing export flows from its refining operations.

Neutral 5
  • ₹856 crore in block trades Aug 5

    Multiple block trades on Aug 3-5 totaling approximately ₹856 crore across NSE and BSE at prices ranging from ₹1,249.80 to ₹1,312.00 per share, indicating significant institutional activity.

  • Investor meet at Emkay Confluence Aug 7

    Reliance executives will participate in one-on-one meetings at Emkay Confluence 2026 on August 12 in Mumbai. No unpublished price-sensitive information will be shared.

  • Radisys Cayman merger completed Aug 1

    Step-down subsidiary Radisys Cayman Limited merged with holding company Radisys International LLC effective July 31, 2026.

  • Seeks nod for RPTs, new business Jul 21

    Reliance seeks shareholder approval for related party transactions worth ₹1.45 lakh crore and entry into ammonium nitrate business. E-voting runs July 22 to August 20.

  • ₹19 crore block trade at ₹1,325 Jul 17

    Block trade of ₹19.03 crore on NSE involving 143,572 shares at ₹1,325.30 per share, reflecting institutional activity.

TL;DR: Reliance Industries shows solid operational momentum with Q1FY27 delivering record EBITDA and 6.1% profit growth, supported by strong O2C margins and growing digital/retail segments. Promoter stake crossing 50% and heavy institutional block trade activity reflect confidence in the stock. No material headwinds are visible in recent news flow. The trend is stable-to-improving with brokerages maintaining bullish targets up to ₹1,870, though current trading prices around ₹1,275-1,312 suggest the market is waiting for further catalysts.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
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
3,09,468
Expenses
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
2,61,951
Operating Profit
38,093
40,968
40,656
42,516
38,765
39,058
43,789
43,832
42,905
45,885
46,018
44,141
47,517
OPM %
18%
18%
18%
18%
17%
17%
18%
17%
18%
18%
17%
15%
15%
Other Income
3,813
3,841
3,869
4,534
3,983
4,876
4,214
4,905
15,119
4,482
4,914
4,447
6,550
Interest
5,837
5,731
5,789
5,761
5,918
6,017
6,179
6,155
7,036
6,827
6,613
6,585
8,337
Depreciation
11,775
12,585
12,903
13,569
13,596
12,880
13,181
13,479
13,842
14,416
14,622
14,808
15,100
PBT
24,294
26,493
25,833
27,720
23,234
25,037
28,643
29,103
37,146
29,124
29,697
27,195
30,630
Tax %
25%
25%
25%
24%
25%
24%
24%
23%
17%
24%
25%
24%
25%
Net Profit
18,258
19,878
19,641
21,243
17,445
19,323
21,930
22,611
30,783
22,092
22,290
20,589
23,196
EPS in Rs
11.83
12.85
12.76
14.01
11.19
12.24
13.7
14.34
19.95
13.42
13.78
12.54
15.48
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
11,23,055
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
9,39,494
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
1,83,561
OPM %
10%
15%
15%
16%
15%
15%
17%
16%
16%
18%
17%
17%
16%
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
20,393
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
28,362
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
58,946
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
1,16,646
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
88,167
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
55.22
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 Jun 2026
Promoters 50.48%
DIIs 21.19%
FIIs 17.20%
Public 8.58%
Others 2.46%
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 2026Jun 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%
50.48%
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%
17.20%
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%
21.19%
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%
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%
8.58%
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%
2.46%
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
46,51,860

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 ₹1777904.94 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 23.85. 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 ₹1,249.8 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