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Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn

Reliance Industrial Infrastructure Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹517.70Overvalued by 22.38%vs CMP ₹667.00

P/E (98.4) × ROE (2.3%) × BV (₹282.00) × DY (0.52%)

₹225.88Overvalued by 66.13%vs CMP ₹667.00
MoS: -195.3% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹550.1524%Over (-17.5%)
Graham NumberEarnings₹207.5617%Over (-68.9%)
Earnings PowerEarnings₹60.7215%Over (-90.9%)
DCFCash Flow₹94.5915%Over (-85.8%)
Net Asset ValueAssets₹282.178%Over (-57.7%)
Earnings YieldEarnings₹67.908%Over (-89.8%)
ROCE CapitalReturns₹44.218%Over (-93.4%)
Revenue MultipleRevenue₹48.686%Over (-92.7%)
Consensus (8 models)₹225.88100%Overvalued
Key Drivers: ROE 2.3% is below cost of equity. | Wide model spread (₹44–₹550) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.3%

*Investments are subject to market risks

Investment Snapshot

45
Reliance Industrial Infrastructure Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 2.7% WeakROE 2.3% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 45.4% Stable
Earnings Quality30/100 · Weak
OPM contracting (6% → -18%) DecliningWorking capital: 991 days Capital intensive
Quarterly Momentum68/100 · Strong
Revenue (4Q): -4% YoY FlatProfit (4Q): +0% YoY PositiveOPM: -19.2% (up 4.4% YoY) Margin expansion
Industry Rank10/100 · Weak
P/E 98.4 vs industry 41.3 Premium to peersROCE 2.7% vs industry 12.1% Below peersROE 2.3% vs industry 10.7% Below peers3Y sales CAGR: -9% 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.

Reliance Industrial Infrastructure Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 98.4 vs Ind 41.3 | ROCE 2.7% | ROE 2.3% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 4.14x | Borrow/Reserve 0.00x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹10 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.05 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-6
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +1.6% | Q NP +0.4% | Q OPM -1.9 pp
Derived FieldValueHow it is derived
Valuation Gap %-66.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.05 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,633Latest shareholder count minus previous count
Quarterly Sales Change+1.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+0.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.9 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

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

Market Cap 1,007 Cr.
Current Price 667
Intrinsic Value₹225.88
High / Low 1,048/617
Stock P/E98.4
Book Value 282
Dividend Yield0.52 %
ROCE2.71 %
ROE2.32 %
Face Value 10.0
PEG Ratio15.70

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

View Share Price Target for Reliance Industrial Infrastructure Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Reliance Industrial Infrastructure Ltd 1,007 Cr. 667 1,048/61798.4 2820.52 %2.71 %2.32 % 10.0
Pansari Developers Ltd 442 Cr. 253 352/15126.0 76.90.00 %6.38 %5.73 % 10.0
Zodiac Energy Ltd 365 Cr. 241 563/20418.4 66.80.31 %20.0 %27.5 % 10.0
HEC Infra Projects Ltd 108 Cr. 99.4 184/82.08.86 52.30.00 %19.0 %21.0 % 10.0
Power Mech Projects Ltd 5,931 Cr. 1,876 3,415/1,71817.5 7230.07 %22.9 %16.3 % 10.0
Industry Average2,826.00 Cr318.3941.33123.850.83%12.09%10.71%10.00

All Competitor Stocks of Reliance Industrial Infrastructure Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 17.2817.6314.2714.3614.9414.5112.4112.2412.3612.4912.4612.1712.36
Expenses 16.4716.8616.5615.6815.7916.2215.0215.0815.2716.0314.4514.2714.73
Operating Profit 0.810.77-2.29-1.32-0.85-1.71-2.61-2.84-2.91-3.54-1.99-2.10-2.37
OPM % 4.69%4.37%-16.05%-9.19%-5.69%-11.78%-21.03%-23.20%-23.54%-28.34%-15.97%-17.26%-19.17%
Other Income 3.3311.106.366.495.586.196.026.136.246.455.825.966.12
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 1.551.060.830.640.580.560.360.370.370.360.360.350.35
Profit before tax 2.5910.813.244.534.153.923.052.922.962.553.473.513.40
Tax % 26.64%1.11%33.64%45.47%34.94%26.79%20.98%16.78%16.22%1.96%26.22%26.50%23.82%
Net Profit 1.9010.682.152.482.702.872.412.432.482.502.562.582.59
EPS in Rs 1.267.071.421.641.791.901.601.611.641.661.701.711.72

Last Updated: February 4, 2026, 10:16 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 96909093898580546568584949
Expenses 59646874727472496165646159
Operating Profit 3726221916117543-6-12-10
OPM % 38%29%25%20%18%13%9%10%7%4%-11%-24%-20%
Other Income 7101116131516161621252524
Interest 0000000000000
Depreciation 1011121414141413106311
Profit before tax 342521201512981018161113
Tax % 28%11%25%19%36%35%14%5%24%12%36%14%
Net Profit 2422161610888816101010
EPS in Rs 15.9914.6210.3410.876.455.165.255.105.0110.326.766.516.79
Dividend Payout % 22%24%34%32%54%58%57%59%60%34%52%54%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-8.33%-27.27%0.00%-37.50%-20.00%0.00%0.00%0.00%100.00%-37.50%0.00%
Change in YoY Net Profit Growth (%)0.00%-18.94%27.27%-37.50%17.50%20.00%0.00%0.00%100.00%-137.50%37.50%

Reliance Industrial Infrastructure 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:-41%
5 Years:-64%
3 Years:-80%
TTM:-12%
Compounded Profit Growth
10 Years:-41%
5 Years:-58%
3 Years:-76%
TTM:-5%
Stock Price CAGR
10 Years:12%
5 Years:18%
3 Years:-8%
1 Year:-23%
Return on Equity
10 Years:3%
5 Years:2%
3 Years:2%
Last Year:2%

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 15151515151515151515151515
Reserves 235249285298308323321361383377415403411
Borrowings 0000000000000
Other Liabilities 63575442443944373545627566
Total Liabilities 313321354355367378380413434438492493492
Fixed Assets 122111114102897864534337292727
CWIP 3345643220000
Investments 120160192214231260266315355229279264261
Other Assets 674744344136474334172184202205
Total Assets 313321354355367378380413434438492493492

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3241162612131-46232-3
Cash from Investing Activity + -27-33-10-19-7-757-1-1939
Cash from Financing Activity + -7-6-6-6-6-6-6-5-5-5-5-5
Net Cash Flow -2101-1-01-20-0-00
Free Cash Flow 03871111111-46238-3
CFO/OP 100%166%112%179%122%196%67%-19%190%979%-99%-7%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow37.0026.0022.0019.0016.0011.007.005.004.003.00-6.00-12.00

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 69.1464.8288.2275.4675.9862.14111.97132.2691.0419.5218.8844.69
Inventory Days
Days Payable
Cash Conversion Cycle 69.1464.8288.2275.4675.9862.14111.97132.2691.0419.5218.8844.69
Working Capital Days 25.1212.2439.3531.1348.6344.1554.52115.3361.93713.64836.98990.71
ROCE %12.75%7.87%5.47%6.61%4.76%3.63%2.74%2.27%2.56%2.49%0.08%2.83%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 45.43%45.43%45.43%45.43%45.43%45.43%45.43%45.43%45.43%45.43%45.43%45.43%
FIIs 0.80%1.17%1.12%0.98%1.56%1.11%1.03%0.88%1.24%1.05%0.79%0.84%
DIIs 0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.01%0.00%0.01%0.00%0.00%
Public 53.73%53.38%53.41%53.56%52.96%53.42%53.51%53.68%53.32%53.50%53.78%53.72%
No. of Shareholders 88,28085,26483,32980,16881,71282,16582,70084,98286,30586,14484,62782,994

Shareholding Pattern Chart

No. of Shareholders

Reliance Industrial Infrastructure 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 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.938.8211.645.536.39
Diluted EPS (Rs.) 7.938.8211.645.536.39
Cash EPS (Rs.) 7.488.4914.2211.7213.72
Book Value[Excl.RevalReserv]/Share (Rs.) 305.79312.15285.54288.03272.82
Book Value[Incl.RevalReserv]/Share (Rs.) 305.79312.15285.54288.03272.82
Revenue From Operations / Share (Rs.) 32.7738.4745.0643.1735.97
PBDIT / Share (Rs.) 8.5712.2210.4113.2813.97
PBIT / Share (Rs.) 7.6010.506.516.565.35
PBT / Share (Rs.) 7.6010.5011.766.565.35
Net Profit / Share (Rs.) 6.516.7610.325.005.10
NP After MI And SOA / Share (Rs.) 7.938.8211.645.536.39
PBDIT Margin (%) 26.1431.7723.1030.7638.83
PBIT Margin (%) 23.1927.2814.4515.2014.87
PBT Margin (%) 23.1927.2826.0915.2014.87
Net Profit Margin (%) 19.8617.5822.8911.5914.17
NP After MI And SOA Margin (%) 24.1822.9225.8112.8117.76
Return on Networth / Equity (%) 2.592.824.071.922.34
Return on Capital Employeed (%) 2.393.232.212.191.88
Return On Assets (%) 2.222.493.681.772.15
Asset Turnover Ratio (%) 0.090.110.140.140.13
Current Ratio (X) 4.125.296.417.814.14
Quick Ratio (X) 4.125.286.407.694.03
Inventory Turnover Ratio (X) 252.950.000.000.000.00
Dividend Payout Ratio (NP) (%) 44.1139.6825.7854.2346.94
Dividend Payout Ratio (CP) (%) 39.3133.1819.3124.4919.98
Earning Retention Ratio (%) 55.8960.3274.2245.7753.06
Cash Earning Retention Ratio (%) 60.6966.8280.6975.5180.02
Enterprise Value (Cr.) 1217.271925.411179.991173.61549.37
EV / Net Operating Revenue (X) 24.6033.1517.3418.0010.11
EV / EBITDA (X) 94.07104.3175.0558.5226.05
MarketCap / Net Operating Revenue (X) 24.6233.1717.3618.0310.14
Retention Ratios (%) 55.8860.3174.2145.7653.05
Price / BV (X) 2.644.092.742.701.34
Price / Net Operating Revenue (X) 24.6233.1717.3618.0310.14
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Reliance Industrial InfraStructure Ltd. is a Public Limited Listed company incorporated on 29/09/1988 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L60300MH1988PLC049019 and registration number is 049019. Currently Company is involved in the business activities of Other specialized construction activities. Company's Total Operating Revenue is Rs. 49.49 Cr. and Equity Capital is Rs. 15.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Project Consultancy/TurnkeyNKM International House, 5th Floor, Mumbai Maharashtra 400020Contact not found
Management
NamePosition Held
Mr. Mahesh K KamdarNon Executive Chairman
Mr. Vipin Chandra SatiExecutive Director
Mr. Sanjiv SinghNon Executive Director
Mr. A SiddharthIndependent Director
Mrs. Riddhi BhimaniIndependent Director
Mr. Rahul DuttIndependent Director

FAQ

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

As of 05 April 2026, Reliance Industrial Infrastructure Ltd's intrinsic value is ₹225.88, which is 66.13% lower than the current market price of ₹667.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.32 %), book value (₹282), dividend yield (0.52 %), and 5-year EPS CAGR.

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

Reliance Industrial Infrastructure Ltd is trading at ₹667.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,048 and low of ₹617. The stock is currently near its 52-week low. Market cap stands at ₹1,007 Cr..

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

Reliance Industrial Infrastructure Ltd has a P/E ratio of 98.4, which is above the industry average of 41.33. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Reliance Industrial Infrastructure Ltd financially healthy?

Key indicators for Reliance Industrial Infrastructure Ltd: ROCE of 2.71 % is on the lower side compared to the industry average of 12.09%; ROE of 2.32 % is below ideal levels (industry average: 10.71%). Dividend yield is 0.52 %.

Is Reliance Industrial Infrastructure Ltd profitable and how is the profit trend?

Reliance Industrial Infrastructure Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹49 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does Reliance Industrial Infrastructure Ltd pay dividends?

Reliance Industrial Infrastructure Ltd has a dividend yield of 0.52 % at the current price of ₹667.00. The company pays dividends, though the yield is modest.

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 Industrial Infrastructure 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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