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Reliance Infrastructure Ltd
RELINFRA NSE
Reliance Infrastructure Ltd
UtilitiesNSE: RELINFRA BSE: 500390 Power
Reliance Infrastructure Ltd. is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The Co. is also a leading utility Company having a presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. [1]
Key Fundamentals
MicrocapIntegrated Power UtilitiesPowerMarket Cap
₹3,216 Cr
P/E Ratio
1.09
EBITDA
₹1,004 Cr
Debt to Equity
0.7
Book Value
₹437.37
52W High
₹423.4
52W Low
₹64.08
Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.18 times its book value
Weaknesses
8- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 2.88% over past five years.
- Promoter holding is low: 19.0%
- Tax rate seems low
- Company has a low return on equity of 13.9% over last 3 years.
- Contingent liabilities of Rs.3,927 Cr.
- Earnings include an other income of Rs.6,419 Cr.
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
-14.83% ↘
Net Income Growth
-41.92% ↘
Cash Flow Change
-10.76% ↘
ROE
-865.02% ↘
ROCE
347.52% ↗
EBITDA Margin (Avg.)
-78.44% ↘
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,186 | 5,565 | 7,153 | 4,638 | 4,686 | 7,193 | 7,258 | 5,033 | 4,108 | 5,908 | 6,235 | 4,297 | 4,001 |
| Expenses | 4,349 | 5,431 | 6,495 | 4,113 | 4,369 | 6,517 | 6,647 | 4,427 | 4,094 | 5,668 | 5,180 | 3,867 | 4,722 |
| Operating Profit | -162 | 134 | 658 | 525 | 317 | 676 | 611 | 606 | 14 | 240 | 1,055 | 429 | -721 |
| OPM % | -4% | 2% | 9% | 11% | 7% | 9% | 8% | 12% | 0% | 4% | 17% | 10% | -18% |
| Other Income | -1,395 | 313 | 221 | 424 | 616 | 63 | 3,744 | -2,974 | 8,949 | 849 | 2,303 | 693 | 2,574 |
| Interest | 643 | 571 | 610 | 578 | 552 | 470 | 472 | 468 | 374 | 427 | 444 | 442 | 348 |
| Depreciation | 366 | 371 | 387 | 379 | 366 | 348 | 355 | 359 | 360 | 375 | 368 | 373 | 350 |
| PBT | -2,565 | -495 | -118 | -7 | 15 | -78 | 3,527 | -3,195 | 8,229 | 287 | 2,546 | 307 | 1,155 |
| Tax % | 0% | 0% | 5% | 228% | 136% | -11% | 0% | 0% | 0% | -2% | 0% | -1% | -53% |
| Net Profit | -2,484 | -567 | -182 | -301 | -98 | -93 | 4,195 | -3,186 | 8,262 | 305 | 2,575 | 317 | 1,640 |
| EPS in Rs | -76.9 | -19.13 | -7.42 | -10.63 | -5.57 | -5.9 | 103 | -83.26 | 111 | 1.46 | 46.77 | 0.27 | 22.47 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16,185 | 26,952 | 25,229 | 18,728 | 19,731 | 19,990 | 17,735 | 19,689 | 22,398 | 22,805 | 24,441 | 20,441 |
| Expenses | 14,389 | 22,435 | 20,455 | 15,545 | 24,242 | 18,607 | 17,471 | 17,832 | 20,972 | 20,653 | 20,678 | 19,437 |
| Operating Profit | 1,796 | 4,518 | 4,774 | 3,183 | -4,511 | 1,383 | 264 | 1,857 | 1,427 | 2,151 | 3,764 | 1,004 |
| OPM % | 11% | 17% | 19% | 17% | -23% | 7% | 1% | 9% | 6% | 9% | 15% | 5% |
| Other Income | 2,768 | 2,563 | 3,438 | 4,281 | 7,206 | 3,221 | 6,754 | 830 | -50 | 1,057 | 7,926 | 6,419 |
| Interest | 2,347 | 5,026 | 5,581 | 5,204 | 2,581 | 2,400 | 2,727 | 2,060 | 2,393 | 2,310 | 1,784 | 1,660 |
| Depreciation | 833 | 1,544 | 1,688 | 1,254 | 1,292 | 1,389 | 1,352 | 1,283 | 1,448 | 1,503 | 1,421 | 1,466 |
| PBT | 1,384 | 511 | 943 | 1,006 | -1,178 | 815 | 2,939 | -656 | -2,466 | -605 | 8,484 | 4,296 |
| Tax % | 5% | 44% | -15% | -15% | -20% | -6% | -6% | 3% | 0% | 7% | 0% | -15% |
| Net Profit | 1,725 | 693 | 1,394 | 1,214 | -2,323 | 908 | 3,116 | -868 | -2,564 | -1,148 | 9,177 | 4,838 |
| EPS in Rs | 68.45 | 28.88 | 54.19 | 47.74 | -92.28 | 29.32 | 42.79 | -37.98 | -91.57 | -40.61 | 125 | 70.97 |
| Div. Payout % | 12% | 29% | 17% | 20% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 352 | 396 | 396 | 409 |
| Reserves | 26,711 | 21,389 | 23,084 | 23,417 | 13,913 | 9,529 | 10,597 | 12,144 | 8,942 | 8,351 | 14,034 | 17,464 |
| Borrowings | 25,770 | 30,550 | 25,814 | 25,441 | 17,772 | 17,147 | 13,907 | 12,718 | 11,510 | 9,895 | 6,361 | 4,937 |
| Other Liabilities | 18,103 | 48,567 | 49,121 | 50,711 | 36,247 | 37,921 | 37,226 | 37,277 | 40,096 | 40,517 | 45,049 | 48,351 |
| Total Liabilities | 70,847 | 1,00,769 | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,403 | 60,899 | 59,159 | 65,841 | 71,160 |
| Fixed Assets | 17,697 | 32,887 | 36,567 | 39,393 | 24,948 | 23,253 | 19,505 | 19,002 | 19,756 | 17,757 | 17,714 | 18,210 |
| CWIP | 5,081 | 4,971 | 2,360 | 3,005 | 2,592 | 2,529 | 2,025 | 2,198 | 1,015 | 1,302 | 1,373 | 842 |
| Investments | 17,618 | 13,200 | 13,143 | 13,092 | 6,742 | 1,394 | 1,769 | 4,700 | 4,338 | 3,904 | 8,671 | 10,319 |
| Other Assets | 30,451 | 49,712 | 46,212 | 44,342 | 33,911 | 37,683 | 38,696 | 36,503 | 35,791 | 36,196 | 38,083 | 41,789 |
| Total Assets | 70,847 | 1,00,769 | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,403 | 60,899 | 59,159 | 65,841 | 71,160 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3,290 | 10,296 | 8,678 | 8,153 | 684 | 2,875 | 1,436 | 3,799 | 3,458 | 4,097 | 3,657 | 2,550 |
| Investing | -1,726 | -5,690 | -75 | -805 | 2,759 | -808 | 18 | -502 | -1,333 | 415 | -1,731 | -1,273 |
| Financing | -1,707 | -4,704 | -8,452 | -7,428 | -3,334 | -1,979 | -1,531 | -2,942 | -2,242 | -3,648 | -1,252 | -1,775 |
| Net Cash Flow | -143 | -98 | 152 | -80 | 109 | 87 | -77 | 356 | -117 | 865 | 674 | -498 |
| Free Cash Flow | 1,334 | 9,151 | 6,360 | 6,563 | -735 | 1,567 | 476 | 3,047 | 2,122 | 3,213 | 2,201 | 1,000 |
| CFO/OP | 192 | 228 | 185 | 263 | -12 | 197 | 572 | 201 | 236 | 186 | 98 | 244 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 124 | 76 | 82 | 106 | 83 | 90 | 81 | 76 | 42 | 27 | 23 | 21 |
| Cash Conversion Cycle | 124 | 76 | 82 | 106 | 83 | 90 | 81 | 76 | 42 | 27 | 23 | 21 |
| Working Capital Days | -67 | -85 | -111 | -380 | -314 | -322 | -370 | -375 | -392 | -379 | -397 | -465 |
| ROCE % | 6% | 11% | 10% | 12% | 18% | 11% | 19% | 5% | 9% | 7% | 34% | 15% |
Documents
2
Results-Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2025 31 Jan 2026
3
Results-Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025 11 Nov 2025
1
Announcement under Regulation 30 (LODR)-Conversion of Securities
29 Apr - 7.96 crore outstanding warrants lapsed after non-conversion within the prescribed 18-month period. 29 Apr - 7.96 crore outstanding warrants lapsed after non-conversion within the prescribed 18-month period.
3
Announcement under Regulation 30 (LODR)-Conversion of Securities
24 Apr - 3.35 crore warrants lapsed on April 24, 2026 after non-conversion within 18 months. 24 Apr - 3.35 crore warrants lapsed on April 24, 2026 after non-conversion within 18 months.
4
Announcement under Regulation 30 (LODR)-Conversion of Securities
29 Apr - 7.96 crore outstanding warrants lapsed after non-conversion within the prescribed 18-month period. 29 Apr - 7.96 crore outstanding warrants lapsed after non-conversion within the prescribed 18-month period.
5
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
21 Apr - PMLA authority confirmed provisional attachment of assets worth Rs 670.48 crore; company will appeal. 21 Apr - PMLA authority confirmed provisional attachment of assets worth Rs 670.48 crore; company will appeal.
2
Newspaper Publication - Special Window For Transfer And Dematerialisation Of Physical Shares 23 Jun 2026
General_Announcements
Frequently Asked Questions about Reliance Infrastructure Ltd
What does Reliance Infrastructure Ltd do?
Reliance Infrastructure Ltd. is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The Co. is ...
Where is Reliance Infrastructure Ltd (RELINFRA) listed?
Reliance Infrastructure Ltd is listed on the Indian stock exchanges. It is listed on NSE: RELINFRA and BSE: 500390. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Reliance Infrastructure Ltd belong to?
Reliance Infrastructure Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Reliance Infrastructure Ltd?
Reliance Infrastructure Ltd has a market capitalisation of approximately ₹3215.93 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Reliance Infrastructure Ltd?
The Price-to-Earnings (PE) ratio of Reliance Infrastructure Ltd is 1.09. 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 Infrastructure Ltd?
Over the past 52 weeks, Reliance Infrastructure Ltd has traded between a low of ₹64.08 and a high of ₹423.4. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research Reliance Infrastructure Ltd on Tapetide?
On Tapetide, you can view Reliance Infrastructure 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 Infrastructure Ltd. is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The Co. is also a leading utility Company having a presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. [1]
Website rinfra.com
CEO Mr. Vijesh Babu Thota
Employees 4,595
Listed 1995-02-08
Face Value ₹ 10
Issued Size 40,86,31,194