Reliance Industrial Infrastructure Ltd: Intrinsic Value & Share Price Analysis

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

Reliance Industrial Infrastructure Ltd is trading at 771.00 as of 26 April 2026, with a FY2026-2027 high of 1,048 and low of 617. The stock is currently in the middle of its 52-week range. Market cap stands at 1,164 Cr..

Q: Is Reliance Industrial Infrastructure Ltd financially healthy?

Key indicators: ROCE of 3.33 % is on the lower side. Dividend yield is 0.45 %.

Fair Value

₹627.04Overvalued by 18.67%vs CMP ₹771.00

P/E (113.0) × ROE (2.4%) × BV (₹283.00) × DY (0.45%)

₹254.15Overvalued by 67.04%vs CMP ₹771.00

MoS: -203.4% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹666.35	24%	Over (-13.6%)
Graham Number	Earnings	₹207.93	17%	Over (-73%)
Earnings Power	Earnings	₹60.72	15%	Over (-92.1%)
DCF	Cash Flow	₹94.59	15%	Over (-87.7%)
Net Asset Value	Assets	₹282.17	8%	Over (-63.4%)
Earnings Yield	Earnings	₹67.90	8%	Over (-91.2%)
ROCE Capital	Returns	₹44.21	8%	Over (-94.3%)
Revenue Multiple	Revenue	₹48.68	6%	Over (-93.7%)
Consensus (8 models)		₹254.15	100%	Overvalued

Key Drivers: P/E of 113 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 2.4% is below cost of equity.

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

Analyst Summary

Reliance Industrial Infrastructure Ltd operates in the Project Consultancy/Turnkey segment, current market price is ₹771.00, market cap is 1,164 Cr.. At a glance, stock P/E is 113, ROE is 2.44 %, ROCE is 3.33 %, book value is 283, dividend yield is 0.45 %. The latest intrinsic value estimate is ₹254.15, around 67.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹49 Cr versus the prior period change of -15.5%, while latest net profit is about ₹10 Cr with a prior-period change of 0.0%. The 52-week range shown on this page is 1,048/617, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisReliance 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 Identificati…

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

Investment Snapshot

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 3.3% WeakROE 2.4% 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 113.0 vs industry 45.9 Premium to peersROCE 3.3% vs industry 12.2% Below peersROE 2.4% 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.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:30 pm

Market Cap	1,164 Cr.
Current Price	771
Intrinsic Value	₹254.15
High / Low	1,048/617
Stock P/E	113
Book Value	283
Dividend Yield	0.45 %
ROCE	3.33 %
ROE	2.44 %
Face Value	10.0
PEG Ratio	18.03

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

Stock P/E Current Price Intrinsic Value

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	1,164 Cr.	771	1,048/617	113	283	0.45 %	3.33 %	2.44 %	10.0
Pansari Developers Ltd	552 Cr.	316	352/168	32.4	76.9	0.00 %	6.38 %	5.73 %	10.0
Zodiac Energy Ltd	523 Cr.	346	563/204	26.3	66.8	0.22 %	20.0 %	27.5 %	10.0
HEC Infra Projects Ltd	144 Cr.	133	184/92.1	11.9	52.3	0.00 %	19.0 %	21.0 %	10.0
Art Nirman Ltd	112 Cr.	45.0	72.5/29.4	93.6	15.1	0.00 %	6.63 %	5.48 %	10.0
Industry Average	2,932.57 Cr	398.54		45.93	123.94	0.69%	12.15%	10.72%	10.00

All Competitor Stocks of Reliance Industrial Infrastructure Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	17.28	17.63	14.27	14.36	14.94	14.51	12.41	12.24	12.36	12.49	12.46	12.17	12.36
Expenses	16.47	16.86	16.56	15.68	15.79	16.22	15.02	15.08	15.27	16.03	14.45	14.27	14.73
Operating Profit	0.81	0.77	-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	3.33	11.10	6.36	6.49	5.58	6.19	6.02	6.13	6.24	6.45	5.82	5.96	6.12
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	1.55	1.06	0.83	0.64	0.58	0.56	0.36	0.37	0.37	0.36	0.36	0.35	0.35
Profit before tax	2.59	10.81	3.24	4.53	4.15	3.92	3.05	2.92	2.96	2.55	3.47	3.51	3.40
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	1.90	10.68	2.15	2.48	2.70	2.87	2.41	2.43	2.48	2.50	2.56	2.58	2.59
EPS in Rs	1.26	7.07	1.42	1.64	1.79	1.90	1.60	1.61	1.64	1.66	1.70	1.71	1.72

Last Updated: February 4, 2026, 10:16 pm

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	96	90	90	93	89	85	80	54	65	68	58	49	49
Expenses	59	64	68	74	72	74	72	49	61	65	64	61	59
Operating Profit	37	26	22	19	16	11	7	5	4	3	-6	-12	-10
OPM %	38%	29%	25%	20%	18%	13%	9%	10%	7%	4%	-11%	-24%	-20%
Other Income	7	10	11	16	13	15	16	16	16	21	25	25	24
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	10	11	12	14	14	14	14	13	10	6	3	1	1
Profit before tax	34	25	21	20	15	12	9	8	10	18	16	11	13
Tax %	28%	11%	25%	19%	36%	35%	14%	5%	24%	12%	36%	14%
Net Profit	24	22	16	16	10	8	8	8	8	16	10	10	10
EPS in Rs	15.99	14.62	10.34	10.87	6.45	5.16	5.25	5.10	5.01	10.32	6.76	6.51	6.79
Dividend Payout %	22%	24%	34%	32%	54%	58%	57%	59%	60%	34%	52%	54%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	15	15	15	15	15	15	15	15	15	15	15	15	15
Reserves	235	249	285	298	308	323	321	361	383	377	415	403	411
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	63	57	54	42	44	39	44	37	35	45	62	75	66
Total Liabilities	313	321	354	355	367	378	380	413	434	438	492	493	492
Fixed Assets	122	111	114	102	89	78	64	53	43	37	29	27	27
CWIP	3	3	4	5	6	4	3	2	2	0	0	0	0
Investments	120	160	192	214	231	260	266	315	355	229	279	264	261
Other Assets	67	47	44	34	41	36	47	43	34	172	184	202	205
Total Assets	313	321	354	355	367	378	380	413	434	438	492	493	492

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	41	16	26	12	13	1	-4	6	23	2	-3	-36
Cash from Investing Activity +	-33	-10	-19	-7	-7	5	7	-1	-19	3	9	41
Cash from Financing Activity +	-6	-6	-6	-6	-6	-6	-5	-5	-5	-5	-5	-5
Net Cash Flow	1	0	1	-1	-0	1	-2	0	-0	-0	0	-0
Free Cash Flow	38	7	11	11	11	1	-4	6	23	8	-3	-36
CFO/OP	166%	112%	179%	122%	196%	67%	-19%	190%	979%	-99%	-7%	367%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	37.00	26.00	22.00	19.00	16.00	11.00	7.00	5.00	4.00	3.00	-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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	69.14	64.82	88.22	75.46	75.98	62.14	111.97	132.26	91.04	19.52	18.88	44.69
Inventory Days
Days Payable
Cash Conversion Cycle	69.14	64.82	88.22	75.46	75.98	62.14	111.97	132.26	91.04	19.52	18.88	44.69
Working Capital Days	25.12	12.24	39.35	31.13	48.63	44.15	54.52	115.33	61.93	713.64	836.98	990.71
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

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	88,280	85,264	83,329	80,168	81,712	82,165	82,700	84,982	86,305	86,144	84,627	82,994

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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	7.93	8.82	11.64	5.53	6.39
Diluted EPS (Rs.)	7.93	8.82	11.64	5.53	6.39
Cash EPS (Rs.)	7.48	8.49	14.22	11.72	13.72
Book Value[Excl.RevalReserv]/Share (Rs.)	305.79	312.15	285.54	288.03	272.82
Book Value[Incl.RevalReserv]/Share (Rs.)	305.79	312.15	285.54	288.03	272.82
Revenue From Operations / Share (Rs.)	32.77	38.47	45.06	43.17	35.97
PBDIT / Share (Rs.)	8.57	12.22	10.41	13.28	13.97
PBIT / Share (Rs.)	7.60	10.50	6.51	6.56	5.35
PBT / Share (Rs.)	7.60	10.50	11.76	6.56	5.35
Net Profit / Share (Rs.)	6.51	6.76	10.32	5.00	5.10
NP After MI And SOA / Share (Rs.)	7.93	8.82	11.64	5.53	6.39
PBDIT Margin (%)	26.14	31.77	23.10	30.76	38.83
PBIT Margin (%)	23.19	27.28	14.45	15.20	14.87
PBT Margin (%)	23.19	27.28	26.09	15.20	14.87
Net Profit Margin (%)	19.86	17.58	22.89	11.59	14.17
NP After MI And SOA Margin (%)	24.18	22.92	25.81	12.81	17.76
Return on Networth / Equity (%)	2.59	2.82	4.07	1.92	2.34
Return on Capital Employeed (%)	2.39	3.23	2.21	2.19	1.88
Return On Assets (%)	2.22	2.49	3.68	1.77	2.15
Asset Turnover Ratio (%)	0.09	0.11	0.14	0.14	0.13
Current Ratio (X)	4.12	5.29	6.41	7.81	4.14
Quick Ratio (X)	4.12	5.28	6.40	7.69	4.03
Inventory Turnover Ratio (X)	252.95	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	44.11	39.68	25.78	54.23	46.94
Dividend Payout Ratio (CP) (%)	39.31	33.18	19.31	24.49	19.98
Earning Retention Ratio (%)	55.89	60.32	74.22	45.77	53.06
Cash Earning Retention Ratio (%)	60.69	66.82	80.69	75.51	80.02
Enterprise Value (Cr.)	1217.27	1925.41	1179.99	1173.61	549.37
EV / Net Operating Revenue (X)	24.60	33.15	17.34	18.00	10.11
EV / EBITDA (X)	94.07	104.31	75.05	58.52	26.05
MarketCap / Net Operating Revenue (X)	24.62	33.17	17.36	18.03	10.14
Retention Ratios (%)	55.88	60.31	74.21	45.76	53.05
Price / BV (X)	2.64	4.09	2.74	2.70	1.34
Price / Net Operating Revenue (X)	24.62	33.17	17.36	18.03	10.14
EarningsYield	0.01	0.01	0.01	0.01	0.01

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. 45.42 Cr. and Equity Capital is Rs. 15.10 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Project Consultancy/Turnkey	NKM International House, 5th Floor, Mumbai Maharashtra 400020	Contact not found

Management
Name	Position Held
Mr. Mahesh K Kamdar	Non Executive Chairman
Mr. Vipin Chandra Sati	Executive Director
Mr. Sanjiv Singh	Non Executive Director
Mr. A Siddharth	Independent Director
Mrs. Riddhi Bhimani	Independent Director
Mr. Rahul Dutt	Independent Director

FAQ

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

As of 26 April 2026, Reliance Industrial Infrastructure Ltd's intrinsic value is ₹254.15, which is 67.04% lower than the current market price of ₹771.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.44 %), book value (₹283), dividend yield (0.45 %), 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 ₹771.00 as of 26 April 2026, with a FY2026-2027 high of ₹1,048 and low of ₹617. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,164 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 113, which is above the industry average of 45.93. 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 3.33 % is on the lower side compared to the industry average of 12.15%; ROE of 2.44 % is below ideal levels (industry average: 10.72%). Dividend yield is 0.45 %.

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 0.45 % at the current price of ₹771.00. The company pays dividends, though the yield is modest.