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Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532712 | NSE: RCOM

Reliance Communications Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹642.60Undervalued by 81,241.77%vs CMP ₹0.79

P/E (15.0) × ROE (15.0%) × BV (₹350.00) × DY (2.00%)

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

₹233.69Undervalued by 29,481.01%vs CMP ₹0.79
MoS: +99.7% (Strong)Confidence: 50/100 (Moderate)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹373.1363%Under (+47131.6%)
Revenue MultipleRevenue₹1.3038%Under (+64.6%)
Consensus (2 models)₹233.69100%Undervalued
Key Drivers: EPS CAGR -41.9% drags value — could be higher if earnings stabilize.

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

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. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:22 am

Market Cap 218 Cr.
Current Price 0.79
Intrinsic Value₹233.69
High / Low 1.95/0.75
Stock P/E
Book Value 350
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 218 Cr. 0.79 1.95/0.75 3500.00 %%% 5.00
OnMobile Global Ltd 461 Cr. 43.4 75.1/40.026.5 61.50.00 %2.34 %4.94 % 10.0
Mahanagar Telephone Nigam Ltd 1,519 Cr. 24.1 58.2/20.3 4570.00 %6.76 %% 10.0
Tata Teleservices (Maharashtra) Ltd 6,879 Cr. 35.2 81.2/30.1 1010.00 %50.3 %% 10.0
Tejas Networks Ltd 7,466 Cr. 420 914/294 1870.60 %15.5 %12.8 % 10.0
Industry Average154,437.75 Cr288.7835.80148.490.25%14.53%16.28%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

Balance Sheet

Last Updated: December 4, 2025, 1:41 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1,0321,2441,2441,2441,3831,3831,3831,3831,3831,3831,3831,3831,383
Reserves 31,76436,69230,33927,3251,400-5,563-49,539-55,289-61,956-76,274-83,513-92,873-98,117
Borrowings 41,97839,82846,91249,06147,23448,58345,58445,57745,57247,26147,23147,21647,211
Other Liabilities 14,47713,52023,03118,43122,04423,12650,56456,14562,53864,39371,44880,69485,899
Total Liabilities 89,25191,284101,52696,06172,06167,52947,99247,81647,53736,76336,54936,42036,376
Fixed Assets 68,55365,03769,71270,84320,8399,7073,7133,5613,4533,0872,8952,7462,690
CWIP 3,1902,6889,8402,89026519519319615869645353
Investments 7231,39530323212,03355575056353637
Other Assets 16,78522,16421,94422,29650,92545,59444,03144,00243,87633,55133,55533,58533,596
Total Assets 89,25191,284101,52696,06172,06167,52947,99247,81647,53736,76336,54936,42036,376

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6,8393,15814,106-38896437419328119-64-4026
Cash from Investing Activity + -2,099-3,126-14,950812-268719-355-6-298-1756521
Cash from Financing Activity + -4,967820436-173-904-868-54-55-51-22-38-58
Net Cash Flow -227852-408251-208225-390267-230-261-13-11
Free Cash Flow 4,674662-977-623931,064831984-633426
CFO/OP 107%50%197%225%-3%-3%-1%-2%-240%384%382%-109%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-35.00-32.00-39.00-432.00-70.00-52.00-77.00-50.00-107.00-66.00-58.00-58.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

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. 270.00 Cr. and Equity Capital is Rs. 1383.00 Cr. for the Year ended 31/03/2025.
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

What is the intrinsic value of Reliance Communications Ltd and is it undervalued?

As of 15 April 2026, Reliance Communications Ltd's intrinsic value is ₹233.69, which is 29481.01% higher than the current market price of ₹0.79, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹350), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Reliance Communications Ltd?

Reliance Communications Ltd is trading at ₹0.79 as of 15 April 2026, with a FY2026-2027 high of ₹1.95 and low of ₹0.75. The stock is currently near its 52-week low. Market cap stands at ₹218 Cr..

How does Reliance Communications Ltd's P/E ratio compare to its industry?

Reliance Communications Ltd has a P/E ratio of , which is below the industry average of 35.80. This is broadly in line with or below the industry average.

Is Reliance Communications Ltd financially healthy?

Key indicators for Reliance Communications Ltd: ROCE of % is on the lower side compared to the industry average of 14.53%; ROE of % is below ideal levels (industry average: 16.28%). Dividend yield is 0.00 %.

Is Reliance Communications Ltd profitable and how is the profit trend?

Reliance Communications Ltd reported a net profit of ₹-9,389 Cr in Mar 2025 on revenue of ₹358 Cr. Compared to ₹-6,637 Cr in Mar 2022, the net profit shows a mixed trend.

Does Reliance Communications Ltd pay dividends?

Reliance Communications Ltd has a dividend yield of 0.00 % at the current price of ₹0.79. The company is currently not paying meaningful dividends.

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
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