Reliance Industries
Reliance Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Reliance Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Reliance Industries Ltd trades at a P/E of 21.70× and P/B of 1.94×, against the Energy sector median P/E of 8.46×.
Valuation
Profitability
Growth
Financial Health
Reliance Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Reliance Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Reliance Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹17,68,017.55 Cr and reported EPS of ₹59.74.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 5,81,020 | 6,11,645 | 4,86,326 | 7,21,634 | 8,92,944 | 9,14,472 | 9,80,136 | 10,75,675 |
| Other Income | 8,635 | 13,956 | 16,327 | 14,947 | 11,826 | 16,057 | 17,978 | 28,962 |
| Total Income | 5,89,655 | 6,25,601 | 5,02,653 | 7,36,581 | 9,04,770 | 9,30,529 | 9,98,114 | 11,04,637 |
| Cost of Goods Sold (COGS) | 3,94,487 | 4,05,240 | 2,92,701 | 4,74,912 | 5,89,280 | 5,85,343 | 6,29,689 | 6,88,663 |
| Gross Profit | 1,86,533 | 2,06,405 | 1,93,625 | 2,46,722 | 3,03,664 | 3,29,129 | 3,50,447 | 3,87,012 |
| +Operating Expenses | 1,02,615 | 1,18,188 | 1,12,888 | 1,36,262 | 1,60,756 | 1,66,896 | 1,85,003 | 2,08,063 |
| EBITDA | 83,918 | 88,217 | 80,737 | 1,10,460 | 1,42,908 | 1,62,233 | 1,65,444 | 1,78,949 |
| +Non-Operating Expenses | 37,429 | 39,786 | 53,403 | 47,217 | 59,890 | 73,950 | 77,405 | 84,749 |
| Profit Before Tax (PBT) | 55,124 | 53,499 | 54,945 | 83,862 | 94,844 | 1,04,340 | 1,06,017 | 1,23,162 |
| +Tax Expense | 15,390 | 13,726 | 1,722 | 16,297 | 20,713 | 25,707 | 25,230 | 27,552 |
| Profit After Tax (PAT) | 39,837 | 39,880 | 53,739 | 67,845 | 74,088 | 79,020 | 81,309 | 95,754 |
| Earnings Per Share (EPS) | 29.28 | 29.10 | 36.33 | 44.86 | 49.29 | 51.45 | 51.47 | 59.69 |
| Diluted Shares Outstanding (Nos.) | 1,352 | 1,352 | 1,352 | 1,353 | 1,353 | 1,353 | 1,353 | 1,353 |
| +Additional Disclosures | 9,88,135 | 9,88,824 | 7,84,976 | 11,60,147 | 13,87,737 | 14,24,987 | 15,31,533 | 16,73,714 |
| Sales Growth % | — | 5.27 | -20.49 | 48.38 | 23.74 | 2.41 | 7.18 | 9.75 |
| YoY Sales Growth % | — | 5.27 | -20.49 | 48.38 | 23.74 | 2.41 | 7.18 | 9.75 |
| Material Cost % | 47 | 43 | 41 | 50 | 50 | 44 | 43 | 41 |
| Employee Cost % | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Other Cost % | 16 | 17 | 20 | 16 | 15 | 15 | 16 | 17 |
| OPM % | 14 | 14 | 17 | 15 | 16 | 18 | 17 | 17 |
| Tax % | 28 | 26 | 3 | 19 | 22 | 25 | 24 | 22 |
| Profit Growth % | — | 0.11 | 34.75 | 26.25 | 9.20 | 6.66 | 2.90 | 17.77 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 62,984 | 66,014 | 54,165 | 80,663 | 1,02,589 | 1,11,401 | 1,12,308 | 1,21,261 |
Reliance Industries segment analysis: revenue and profit mix.
Disclosed business segments at Reliance Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Reliance Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Reliance Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Reliance Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Reliance Industries Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust market capitalization (₹2,035,212 Cr) and strong 50% promoter holding.
Strong quarterly profit growth (9.67%) demonstrates consistent earnings expansion.
Healthy quarterly sales growth (9.97%) indicates consistent revenue expansion.
Strong operational efficiency (OPM 11.96%) and healthy debt-to-equity (0.44) ratio.
Highly diversified business portfolio across energy, retail, and digital services.
What can break it.
Substantial debt level (₹374,593 crore) poses financial risk.
Relatively low Return on Capital Employed (ROCE 9.69%) compared to peers.
High P/E ratio (26.60) suggests potential overvaluation compared to peers.
Declining FII holding (23.90% to 18.65%) signals reduced foreign investor confidence.
Low dividend yield (0.36%) may not attract income-focused investors.
What would change my mind.
Trim if P/E re-rates above 28 (~3.3× the sector multiple of 8.5). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 37.15. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Reliance Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Reliance Industries Ltd is highlighted for quick read-across.
Quick Compare
Reliance Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Reliance Industries Ltd — derived from the live tape, not yesterday's close.
Reliance Industries Ltd last traded at ₹1,307 with an intraday range of ₹1,303.3–₹1,325 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1307.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1363.63 | +56.63 | +4.33% |
| R3 | 1341.93 | +34.93 | +2.67% |
| R2 | 1333.47 | +26.47 | +2.02% |
| R1 | 1320.23 | +13.23 | +1.01% |
| PIVOT | 1311.77 | 4.77 | 0.36% |
| CURRENT | 1307.00 | — | — |
| S1 | 1255.13 | -51.87 | -3.97% |
| S2 | 1276.83 | -30.17 | -2.31% |
| S3 | 1290.07 | -16.93 | -1.30% |
| S4 | 1298.53 | -8.47 | -0.65% |
RELIANCE is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 1305 ~ 1325
Trading Above opening range, showing Bullishness
Reliance Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Reliance Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Reliance Industries Ltd stood at 57.0% of traded volume, against a 20-day average of 51.0%.
Reliance Industries announcements: results, concalls, ratings, M&A.
Filings Reliance Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Reliance Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 239 documents below.
Copy of Newspaper Publication
Newspaper clippings Special Window for transfer and dematerialisation (demat) of physical sharesThe newspaper clippings of the advertisement on the…
Updates
Please find attached a media release by the Company, titled Reliance and Meta to Develop AI-Enabled Data Centre in Jamnagar, Gujarat.
Updates
Reliance Industries Limited has informed the Exchange regarding 'Presentation on Item Nos. 6 and 7 of the notice of the 49th Annual General Meeting…
General Updates
Update to disclosures dated 24-03-2017 and 05-11-2020 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Credit Rating
Reliance Industries Limited has informed the Exchange about Credit Rating
Investor decks & rating reports.
Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Reliance Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Reliance Industries has declared, sequenced by announce and record date.
Reliance Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Reliance Industries Ltd: business, sector, key facts.
What Reliance Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Reliance Industries Ltd operates in the Energy, listed as NSE: RELIANCE, BSE: 500325.
Reliance Industries Limited (RIL) is a multinational conglomerate with a diverse portfolio spanning various sectors. Its core business historically revolved around oil and gas exploration and production, refining petroleum products into a wide array of petrochemicals, including plastics, polymers, and fibers. This Oil to Chemicals segment forms a significant portion of their operations, supplying raw materials for various industries both domestically and internationally.
Beyond its traditional energy and petrochemical focus, RIL has aggressively expanded into retail, establishing a vast network of stores across numerous formats. This includes neighborhood stores, supermarkets, hypermarkets, and online platforms, offering a broad range of products encompassing groceries, apparel, electronics, and more. This retail arm contributes substantially to the company's overall revenue and market reach within India.
Another key growth area for RIL is its digital services segment, primarily driven by its Jio brand. Jio offers a comprehensive suite of telecommunication services, including mobile network connectivity, broadband internet, digital television, and gaming platforms. This segment has experienced rapid expansion and plays a crucial role in Reliance's diversification strategy, particularly in tapping into India's burgeoning digital market.
RIL's operations also extend to other areas, including textiles (manufacturing and marketing yarns, fabrics, and apparel), material and composites, and financial services (non-banking financial services and insurance broking). Furthermore, the company holds stakes in media and entertainment through its investments in news and entertainment platforms and television channels. This broad diversification minimizes reliance on any single sector and allows Reliance to adapt to changing market dynamics.
In summary, Reliance Industries Limited is a multifaceted conglomerate with a strong presence in energy, petrochemicals, retail, and digital services. Its strategic expansion into new sectors and its established dominance in existing markets have positioned it as one of India's largest and most influential companies.
Questions investors ask about Reliance Industries Ltd (RELIANCE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Reliance Industries Ltd (RELIANCE)?
The current share price of Reliance Industries Ltd (RELIANCE) is ₹1,307. Today, the stock has gained by ₹14.00 (1.08%), trading in a range of ₹1,303.3 to ₹1,325. The stock opened at ₹1,315.3 with a trading volume of 1,86,33,321 shares.
02Is Reliance Industries Ltd stock a good investment for long-term?
Reliance Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹17,68,017.55 crores, P/E ratio of 21.70, ROE of 9.14%, and ROCE of 9.69%. The dividend yield stands at 0.46%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Reliance Industries Ltd stock?
The 52-week high price of Reliance Industries Ltd (RELIANCE) is ₹1,611.8, while the 52-week low is ₹1,253.2. Currently trading at ₹1,307, the stock is 15.0% away from its 52-week low and 18.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Reliance Industries Ltd stock at the current price?
Whether to buy Reliance Industries Ltd stock at ₹1,307 depends on multiple factors. The stock is currently trading with a P/E ratio of 21.70 and P/B ratio of 1.94. Today's performance shows a gain of 1.08%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Reliance Industries Ltd and when is the next dividend?
Reliance Industries Ltd offers a dividend yield of 0.46%, which means for every ₹100 invested at the current price of ₹1,307, you can expect to receive approximately ₹0.46 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Reliance Industries Ltd?
Reliance Industries Ltd's key financial metrics include: P/E Ratio: 21.70, P/B Ratio: 1.94, ROE: 9.14%, ROCE: 9.69%, Dividend Yield: 0.46%, EPS: ₹59.74, Book Value: ₹668.05, and Debt-to-Equity: 36.65. The company's market cap stands at ₹17,68,017.55 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Reliance Industries Ltd stock performing today in the market?
Reliance Industries Ltd stock opened at ₹1,315.3 and is currently trading at ₹1,307, showing a gain of ₹14.00 (1.08%). The intraday high is ₹1,325 and low is ₹1,303.3. The trading volume stands at 1,86,33,321 shares, indicating strong market participation today.
08What is the P/E ratio of Reliance Industries Ltd and what does it indicate?
Reliance Industries Ltd has a Price-to-Earnings (P/E) ratio of 21.70, which means investors are willing to pay ₹21.70 for every ₹1 of earnings. With an EPS of ₹59.74, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Reliance Industries Ltd (RELIANCE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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