Reliance Communications Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹681.16Undervalued by 74,752.75%vs CMP ₹0.91

P/E (15.0) × ROE (15.0%) × BV (₹371.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹176.21Undervalued by 19,263.74%vs CMP ₹0.91
MoS: +99.5% (Strong)Confidence: 53/100 (Moderate)Models: All 3: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹395.5244%Under (+43363.7%)
EV/EBITDAEnterprise₹4.6529%Under (+411%)
Revenue MultipleRevenue₹1.3126%Under (+44%)
Consensus (3 models)₹176.21100%Undervalued
Key Drivers: EPS CAGR -41.9% drags value — could be higher if earnings stabilize. | Wide model spread (₹1–₹396) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -41.9% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Analyst Summary

Reliance Communications Ltd operates in the Telecom Services segment, NSE: RCOM | BSE: 532712, current market price is ₹0.91, market cap is 249 Cr.. At a glance, ROE is %, ROCE is %, book value is 371, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹176.21, which is about 19,263.7% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹358 Cr versus the prior period change of -6.5%, while latest net profit is about ₹-9,389 Cr with a prior-period change of -30.2%. The 52-week range shown on this page is 1.90/0.75, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisReliance Communications Ltd. is a Public Limited Listed company incorporated on 15/07/2004 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(C…

This summary is generated from the stock page data available for Reliance Communications Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

43
Reliance Communications Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E -0.57 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 0.8% Stable
Earnings Quality75/100 · Strong
OPM expanding (-8% → -3%) ImprovingWorking capital: -85,500 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -12% YoY DecliningOPM: -51.0% (down 15.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
3Y sales CAGR: -14% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: July 2, 2026, 9:40 pm

Market Cap 249 Cr.
Current Price 0.91
Intrinsic Value₹247.69
High / Low 1.90/0.75
Stock P/E
Book Value 371
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 5.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Reliance Communications Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Reliance Communications Ltd 249 Cr. 0.91 1.90/0.75 3710.00 %%% 5.00
GTL Ltd 123 Cr. 7.80 11.3/4.85 3460.00 %%% 10.0
OnMobile Global Ltd 824 Cr. 77.7 77.9/40.2 58.70.00 %0.20 %1.85 % 10.0
Mahanagar Telephone Nigam Ltd 1,918 Cr. 30.4 53.6/20.3 4760.00 %2.25 %% 10.0
Tata Teleservices (Maharashtra) Ltd 8,426 Cr. 43.1 66.8/30.1 1020.00 %55.6 %% 10.0
Industry Average153,030.89 Cr367.1344.80150.960.17%19.55%14.25%8.54

All Competitor Stocks of Reliance Communications Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 12011110097949297888787838763
Expenses 117809111792948386118858514195
Operating Profit 3319-202-2142-312-2-54-32
OPM % 2%28%9%-21%2%-2%14%2%-36%2%-2%-62%-51%
Other Income -9,258-1,873-1,930-989-2,017-2,077-2,192-2,249-2,309-2,458-2,518-2,608-2,689
Interest 12111211141012111111111111
Depreciation 33323234313030282831292829
Profit before tax -9,300-1,885-1,965-1,054-2,060-2,119-2,220-2,286-2,379-2,498-2,560-2,701-2,761
Tax % -0%-0%-0%1%-0%0%-0%-0%-0%0%-0%-0%0%
Net Profit -9,300-1,882-1,965-1,060-2,060-2,127-2,220-2,286-2,379-2,502-2,560-2,701-2,767
EPS in Rs -32.59-6.81-7.11-3.83-7.45-7.69-8.03-8.27-8.60-9.05-9.26-9.77-10.01

Last Updated: March 3, 2026, 7:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 21,23824,78725,5946,5544,5934,0151,685760556479383358320
Expenses 14,57517,59318,3426,93727,6738,77133,7716,378618498394369406
Operating Profit 6,6637,1947,252-383-23,080-4,756-32,086-5,618-62-19-11-11-86
OPM % 31%29%28%-6%-502%-118%-1,904%-739%-11%-4%-3%-3%-27%
Other Income 1,0073243888696975-10,16119-6,378-14,585-7,013-9,211-10,273
Interest 3,0192,7552,92425518619262484747474644
Depreciation 4,5353,8174,484821721820354155151136127117117
Profit before tax 116946232-1,373-23,891-4,793-42,663-5,802-6,638-14,787-7,198-9,385-10,520
Tax % -880%34%-184%-7%0%51%0%0%-0%-0%0%0%
Net Profit 1,139623660-1,283-23,907-7,218-42,677-5,812-6,637-14,784-7,212-9,389-10,530
EPS in Rs 5.072.872.57-5.64-86.20-26.06-154.30-20.94-23.94-52.43-26.08-33.95-38.09
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-45.30%5.94%-294.39%-1763.37%69.81%-491.26%86.38%-14.19%-122.75%51.22%-30.19%
Change in YoY Net Profit Growth (%)0.00%51.24%-300.33%-1468.97%1833.18%-561.07%577.64%-100.58%-108.56%173.97%-81.40%

Reliance Communications Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-35%
5 Years:-27%
3 Years:-14%
TTM:-9%
Compounded Profit Growth
10 Years:%
5 Years:15%
3 Years:11%
TTM:-22%
Stock Price CAGR
10 Years:-31%
5 Years:-10%
3 Years:-21%
1 Year:-37%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 11:25 am

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 3,15814,106-38896437419328119-64-4026-14
Cash from Investing Activity + -3,126-14,950812-268719-355-6-298-175652147
Cash from Financing Activity + 820436-173-904-868-54-55-51-22-38-58-52
Net Cash Flow 852-408251-208225-390267-230-261-13-11-19
Free Cash Flow 662-977-623931,064831984-633426-14
CFO/OP 50%197%225%-3%-3%-1%-2%-240%384%382%-109%8%

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 677243181170122106215194219296317
Inventory Days
Days Payable
Cash Conversion Cycle 677243181170122106215194219296317
Working Capital Days -228-71-249-1,356-617-2,170-11,297-27,797-42,478-60,032-81,876-85,500
ROCE %4%5%4%-1%-37%-7%-153%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 5.18%1.85%1.85%1.85%1.85%1.85%1.85%1.85%0.78%0.78%0.78%0.78%
FIIs 0.14%0.14%0.11%0.11%0.11%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
DIIs 4.40%4.40%4.40%4.40%4.39%4.39%4.38%4.38%4.38%4.38%4.38%4.38%
Government 0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public 89.50%92.81%92.83%92.84%92.84%92.90%92.90%92.89%93.96%93.97%93.97%93.96%
Others 0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%
No. of Shareholders 16,07,64815,99,74615,93,21115,86,38115,74,90115,73,90315,67,86115,61,40015,63,85415,57,61215,67,67215,73,327

Shareholding Pattern Chart

No. of Shareholders

Reliance Communications Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) -34.21-26.28-52.83-24.12-21.10
Diluted EPS (Rs.) -34.21-26.28-52.83-24.12-21.10
Cash EPS (Rs.) -33.52-25.61-52.96-23.62-20.45
Book Value[Excl.RevalReserv]/Share (Rs.) -330.77-296.95-270.77-217.99-193.82
Book Value[Incl.RevalReserv]/Share (Rs.) -330.77-296.95-270.77-217.99-193.82
Revenue From Operations / Share (Rs.) 1.291.381.732.012.75
PBDIT / Share (Rs.) 0.070.220.02-0.120.01
PBIT / Share (Rs.) -0.34-0.23-0.46-0.66-0.54
PBT / Share (Rs.) -0.65-0.31-1.02-0.83-0.72
Net Profit / Share (Rs.) -33.94-26.07-53.46-24.16-21.01
NP After MI And SOA / Share (Rs.) -33.94-26.07-52.42-24.10-20.94
PBDIT Margin (%) 6.1415.921.46-6.110.26
PBIT Margin (%) -26.53-17.23-26.93-33.27-20.00
PBT Margin (%) -50.83-22.71-58.87-41.72-26.31
Net Profit Margin (%) -2622.62-1883.02-3086.84-1202.15-764.60
NP After MI And SOA Margin (%) -2622.62-1883.02-3026.93-1199.10-761.97
Return on Capital Employeed (%) 0.100.080.170.310.29
Return On Assets (%) -25.77-19.72-39.43-14.01-12.10
Long Term Debt / Equity (X) 0.00-0.01-0.01-0.01-0.01
Total Debt / Equity (X) -0.51-0.57-0.63-0.75-0.57
Asset Turnover Ratio (%) 0.010.010.010.010.01
Current Ratio (X) 0.250.270.290.390.42
Quick Ratio (X) 0.250.270.290.390.42
Inventory Turnover Ratio (X) 179.000.000.000.000.00
Interest Coverage Ratio (X) 0.471.300.14-0.720.04
Interest Coverage Ratio (Post Tax) (X) -2.15-1.70-2.68-3.91-3.38
Enterprise Value (Cr.) 47181.3747342.4147222.0545722.2930661.92
EV / Net Operating Revenue (X) 131.79123.6198.5882.2340.34
EV / EBITDA (X) 2144.61776.116746.01-1344.7715330.96
MarketCap / Net Operating Revenue (X) 1.141.310.731.330.60
Price / BV (X) 0.00-0.010.00-0.01-0.01
Price / Net Operating Revenue (X) 1.141.310.731.330.60
EarningsYield -22.94-14.33-40.95-8.99-12.54

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Reliance Communications Ltd. is a Public Limited Listed company incorporated on 15/07/2004 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45309MH2004PLC147531 and registration number is 147531. Currently Company is involved in the business activities of Wired telecommunications activities. Company's Total Operating Revenue is Rs. 221.00 Cr. and Equity Capital is Rs. 1383.00 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Telecom ServicesH Block, 1st Floor, Dhirubhai Ambani Knowledge City, New Mumbai Maharashtra 400710Contact not found
Management
NamePosition Held
Mrs. Priyanka AgarwalDirector
Mrs. Grace ThomasDirector
FAQ: Stock data is invalid or not in the correct format.
Last Updated: July 2, 2026, 9:40 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532712 | NSE: RCOM
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Reliance Communications Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE