RELIANCE.NS — Reliance Industries Limited

Generated 2026-06-10 22:22

Quarterly Verdict

🟡 58/100

Hold / watch

Quality grade C; 3 improving / 3 weakening metrics this quarter.

➖ Free cash flow yield: FCF yield 1.3% — low
➕ Leverage (net debt / EBITDA): Net debt / EBITDA 0.8x — low leverage
➕ Non-cyclical (beta): Beta 0.18 — low volatility vs market
➕ Revenue +11.0% vs last quarter
➖ Net income -9.0% vs last quarter
➖ Operating margin -1.9 pts vs last quarter
➕ Free cash flow +78.6% vs last quarter
➕ Cash +36.4% vs last quarter
➖ Debt +7.7% vs last quarter

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Valuation

Analyst consensus
UndervaluedFairOvervalued
Target ₹1,696.16 · Price ₹1,258.80 · +26% margin of safety · 32 analysts · range ₹1,510.00–₹1,910.00

Outside circle of competence — analyst targets only. Not financial advice.

Key Trends (6-yr)

GAAP EPS
Sales
Shares Outstanding

Quality Scorecard

C58/100
🟡 Pricing power (gross margin) 35% Gross margin 35% — moderate margins
Free cash flow yield 1.3% FCF yield 1.3% — low
Leverage (net debt / EBITDA) 0.8x Net debt / EBITDA 0.8x — low leverage
Non-cyclical (beta) 0.18 Beta 0.18 — low volatility vs market
Recurring revenue no recurring-revenue tag (add to watchlist.json / company_meta.json)
🟡 Returns capital to shareholders yes dividend ~47.0%; shares +0.0%/yr
🟡 Buyback efficiency (net share-count Δ) +0.0%/yr Shares outstanding +0.0% YoY — roughly flat

Compounder checklist (proxy metrics from yfinance). 6 of 7 criteria scored. Not financial advice.

Company Overview

Basic Information

Company Name: Reliance Industries Limited
Symbol: RELIANCE.NS
Exchange: NSI
Sector: Energy
Industry: Oil & Gas Refining & Marketing

Company Details

Country: India
City: Mumbai
Employees: 404,501
Market Cap: ₹17.03T

Business Description

Reliance Industries Limited engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable, financial services, retail, and digital services worldwide. It operates through the Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company is involved in refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulfur, and petroleum coke. It also provides polymers comprising high-density and low-density polyethylene (PE), linear low-density PE, homopolymer, random and impact copolymer, and polyvinyl chloride; fiber intermediates that include purified terephthalic acid, and ethylene glycols and oxide; aromatics, such as paraxylene, ortho xylene, benzene, and linear alkyl benzene and paraffin; and textiles that consist of fabrics, apparel, and auto furnishings. In addition, the company offers elastomers, such as polybutadiene rubber, styrene butadiene rubber, and butyl rubber; fiber and yarn polyesters; and bioenergy solutions, including compressed biogas, and pellets and briquettes. Further, it engages in oil and gas exploration and production activities; operation of various stores comprising supermarkets, hypermarket, wholesale cash and carry, specialty, and online stores; operation of media and entertainment platforms, and Network18 and television channels; and publishing of magazines. Additionally, the company provides highway hospitality and fleet management services, as well as digital services, such as connectivity, fiber, mobile devices, apps, business, and other digital solutions. Reliance Industries Limited was founded in 1957 and is based in Mumbai, India.

Key Metrics

Price & Valuation

Current Price
₹1.26K
Market Cap
₹17.03T
P/E Ratio
21.10
Forward P/E
17.45
PEG Ratio
0.82
Price to Book
1.88

Profitability

Profit Margin: 7.64%
Operating Margin: 9.98%
Gross Margin: 34.86%
Return on Equity (ROE): 9.14%
Return on Assets (ROA): 3.67%
Revenue Growth: 12.50%

Financial Health

Current Ratio: 1.10
Quick Ratio: 0.58
Debt to Equity: 36.65
Total Debt: ₹3.98T
Total Cash: ₹2.58T
Beta: 0.18

Trading & Analyst Info

52-Week Range

52-Week High: ₹1.61K
52-Week Low: ₹1.25K
50-Day Average: ₹1.36K
200-Day Average: ₹1.43K

Analyst Recommendations

Recommendation: STRONG_BUY
Target Mean Price: ₹1.70K
Target High: ₹1.91K
Target Low: ₹1.51K

Price History

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Tax Effect Of Unusual Items₹6.33B₹3.34B₹4.07B₹-3.19BN/A
Tax Rate For Calcs₹0.22₹0.24₹0.25₹0.22N/A
Normalized EBITDA₹2.02T₹1.80T₹1.75T₹1.55TN/A
Total Unusual Items₹28.30B₹14.03B₹16.56B₹-14.58BN/A
Total Unusual Items Excluding Goodwill₹28.30B₹14.03B₹16.56B₹-14.58BN/A
Net Income From Continuing Operation Net Minority Interest₹807.75B₹696.48B₹696.21B₹662.84BN/A
Reconciled Depreciation₹576.88B₹531.36B₹508.32B₹403.03BN/A
Reconciled Cost Of Revenue₹7.87T₹7.23T₹6.75T₹6.72TN/A
EBITDA₹2.05T₹1.81T₹1.77T₹1.53TN/A
EBIT₹1.47T₹1.28T₹1.26T₹1.13TN/A
Net Interest Income₹-109.71B₹-100.01B₹-111.90B₹-78.42BN/A
Interest Expense₹240.56B₹221.21B₹217.72B₹189.58BN/A
Interest Income₹133.02B₹124.10B₹107.45B₹112.40BN/A
Normalized Income₹785.78B₹685.79B₹683.72B₹674.23BN/A
Net Income From Continuing And Discontinued Operation₹807.75B₹696.48B₹696.21B₹667.02BN/A

Showing 15 of 50 rows

Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-31
Ordinary Shares Number₹13.53B₹13.53B₹13.53B₹13.53B
Share Issued₹13.53B₹13.53B₹13.53B₹13.53B
Net Debt₹2.37T₹2.47T₹2.31T₹2.80T
Total Debt₹3.98T₹3.70T₹3.46T₹3.34T
Tangible Book Value₹4.85T₹4.34T₹4.33T₹3.85T
Invested Capital₹12.78T₹11.91T₹11.18T₹10.30T
Working Capital₹529.95B₹455.33B₹727.33B₹295.53B
Net Tangible Assets₹4.85T₹4.34T₹4.33T₹3.85T
Capital Lease Obligations₹235.79B₹220.45B₹215.20B₹204.26B
Common Stock Equity₹9.04T₹8.43T₹7.93T₹7.16T
Total Capitalization₹11.75T₹10.80T₹10.16T₹8.99T
Total Equity Gross Minority Interest₹10.86T₹10.10T₹9.26T₹8.29T
Minority Interest₹1.82T₹1.66T₹1.32T₹1.13T
Stockholders Equity₹9.04T₹8.43T₹7.93T₹7.16T
Other Equity Interest₹6.73B₹7.90B₹7.80B₹6.46B

Showing 15 of 77 rows

Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹691.97B₹387.36B₹59.05B₹-259.56BN/A
Repayment Of Debt₹-308.81B₹-317.55B₹-350.55B₹-290.59BN/A
Issuance Of Debt₹388.71B₹263.78B₹696.10B₹359.36BN/A
Issuance Of Capital Stock₹0.00₹220.00M₹70.00M₹400.00MN/A
Capital Expenditure₹-1.23T₹-1.40T₹-1.53T₹-1.41TN/A
End Cash Position₹1.46T₹1.07T₹972.25B₹686.64BN/A
Other Cash Adjustment Outside Changein CashN/AN/A₹7.20B₹-17.66B₹9.41B
Beginning Cash Position₹1.07T₹972.25B₹686.64B₹361.78BN/A
Changes In Cash₹394.75B₹92.77B₹285.61B₹342.52BN/A
Financing Cash Flow₹-515.49B₹-318.91B₹-166.46B₹104.55BN/A
Net Other Financing ChargesN/AN/A₹198.30B₹4.79B₹4.50B
Interest Paid Cff₹-399.81B₹-410.24B₹-371.73B₹-216.50BN/A
Cash Dividends Paid₹-74.43B₹-67.66B₹-60.89B₹-50.83BN/A
Net Common Stock Issuance₹0.00₹220.00M₹70.00M₹400.00MN/A
Common Stock Issuance₹0.00₹220.00M₹70.00M₹400.00MN/A

Showing 15 of 47 rows

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