Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Reliance Industries Ltd

About the Company - Reliance Industries Ltd

Reliance Industries Ltd. is a Public Limited Listed company incorporated on 08/05/1973 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17110MH1973PLC019786 and registration number is 019786. Currently Company is involved in the business activities of Extraction of natural gas. Company’s Total Operating Revenue is Rs. 423703.00 Cr. and Equity Capital is Rs. 6765.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Refineries3rd Floor, Maker Chambers IV, Mumbai Maharashtra 400021investor.relations@ril.com
http://www.ril.com
Management
NamePosition Held
Mr. Mukesh D AmbaniChairman & Managing Director
Mr. P M S PrasadExecutive Director
Mr. Nikhil R MeswaniExecutive Director
Mr. Hital R MeswaniExecutive Director
Mrs. Nita M AmbaniNon Executive Director
Mr. Adil ZainulbhaiNon Executive Director
Mr. K V KamathNon Executive Director
Mr. Raminder Singh GujralNon Executive Director
Dr. Shumeet BanerjiNon Executive Director
Mrs. Arundhati BhattacharyaNon Executive Director
Mr. K V ChowdaryNon Executive Director
Mr. Yasir Othman H Al RumayyanNon Executive Director

Reliance Industries Ltd. Share Price Update

Share PriceValue
Today₹2,902.95
Previous Day₹2,922.30

Basic Stock Data of Reliance Industries Ltd

Market Cap 20,21,079 Cr.
Current Price 2,987
High / Low2,996/2,000
Stock P/E28.9
Book Value 1,110
Dividend Yield0.30 %
ROCE9.14 %
ROE8.94 %
Face Value 10.0

Data Source: screener.in

Competitors of Reliance Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Petronet LNG Ltd 41,768 Cr. 278296/19212.2 1072.46 %26.6 %22.8 % 10.0
Mangalore Refinery & Petrochemicals Ltd 42,974 Cr. 245289/49.29.91 67.90.38 %20.1 %31.1 % 10.0
Industry Average42,371.00 Cr261.5011.0687.451.42%23.35%26.95%10.00

Reliance Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales111,236117,860149,575139,949167,611185,027207,375218,855229,409217,164212,834207,559231,886
Expenses92,29196,294126,224116,618141,591155,321176,009181,157198,438181,917174,478169,466190,918
Operating Profit18,94521,56623,35123,33126,02029,70631,36637,69830,97135,24738,35638,09340,968
OPM %17%18%16%17%16%16%15%17%14%16%18%18%18%
Other Income4,3544,4074,0484,2194,2637,0162,6022,2753,6563,2132,9963,8893,899
Interest6,0844,3264,0443,3973,8193,8123,5563,9974,5545,2015,8195,8375,731
Depreciation6,6266,6656,9736,8837,2307,6838,0018,9429,72610,18711,45211,77512,585
Profit before tax10,58914,98216,38217,27019,23425,22722,41127,03420,34723,07224,08124,37026,551
Tax %-0%1%8%20%20%19%20%28%24%23%11%25%25%
Net Profit10,60214,89414,99513,80615,47920,53918,02119,44315,51217,80621,32718,25819,878
EPS in Rs15.0920.6720.8619.3621.5827.4223.9526.5420.1923.3428.5323.6725.71

Reliance Industries Ltd Quarterly Chart

Reliance Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales357,677395,957433,521374,372272,583303,954390,823568,337596,679466,307698,672876,396869,443
Expenses324,501362,802398,586336,923230,802257,647326,508484,087507,413385,517588,077734,078716,779
Operating Profit33,17633,15534,93537,44941,78146,30764,31584,25089,26680,790110,595142,318152,664
OPM %9%8%8%10%15%15%16%15%15%17%16%16%18%
Other Income7,5267,7578,8658,52812,2129,2229,8698,4068,57022,43217,92812,02013,997
Interest2,8933,4633,8363,3163,6913,8498,05216,49522,02721,18914,58419,57122,588
Depreciation12,40111,23211,20111,54711,56511,64616,70620,93422,20326,57229,79740,30345,999
Profit before tax25,40826,21728,76331,11438,73740,03449,42655,22753,60655,46184,14294,46498,074
Tax %22%20%22%24%23%25%27%28%26%3%19%22%
Net Profit19,71720,88622,54823,64029,86129,83336,08039,83739,88053,73967,84574,08877,269
EPS in Rs28.2630.3132.6234.1443.0343.1153.3958.5558.2077.5089.7498.59101.25
Dividend Payout %13%13%12%12%10%11%10%10%10%9%9%9%

Reliance Industries Ltd Profit & Loss Yearly Chart

Reliance Industries Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:18%
3 Years:14%
TTM:1%
Compounded Profit Growth
10 Years:13%
5 Years:13%
3 Years:16%
TTM:10%
Stock Price CAGR
10 Years:23%
5 Years:21%
3 Years:17%
1 Year:36%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:8%
Last Year:9%

Reliance Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2,9792,9362,9402,9432,9482,9595,9225,9266,3396,4456,7656,7666,766
Reserves166,467179,119195,747215,556228,608260,750287,584381,186442,827693,727772,720709,106744,456
Borrowings92,447107,219138,761168,251194,714217,475239,843307,714355,133278,962319,158451,664316,697
Other Liabilities65,29873,08391,395117,736172,727225,618277,924302,804358,716340,931399,979438,346614,296
Total Liabilities327,191362,357428,843504,486598,997706,802811,273997,6301,163,0151,320,0651,498,6221,605,8821,682,215
Fixed Assets138,814133,487141,417156,458184,910198,526403,885398,374532,658541,258627,798724,805924,262
CWIP25,36349,95291,494166,462228,697324,837187,022179,463109,106125,953172,506293,752161,344
Investments38,59642,84860,60276,45184,01582,89982,862235,635276,767364,828394,264235,560215,456
Other Assets124,418136,070135,330105,115101,375100,540137,504184,158244,484288,026304,054351,765381,153
Total Assets327,191362,357428,843504,486598,997706,802811,273997,6301,163,0151,320,0651,498,6221,605,8821,682,215

Reliance Industries Ltd Reserves and Borrowings Chart

Reliance Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 24,48336,91843,26134,37438,13449,55071,45942,34694,87726,958110,654115,032
Cash from Investing Activity -6,301-27,601-73,070-64,706-36,186-66,201-68,192-94,507-72,497-142,385-109,162-93,001
Cash from Financing Activity -7,59040813,7138,444-3,2108,617-2,00155,906-2,541101,90417,28910,455
Net Cash Flow10,5929,725-16,096-21,888-1,262-8,0341,2663,74519,839-13,52318,78132,486

Reliance Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days17985610161912151212
Inventory Days5760576690848363671028387
Days Payable495561741171321461008713612291
Cash Conversion Cycle25144-2-21-38-46-18-9-19-277
Working Capital Days15-1-3-37-117-141-144-67-10112-13-9
ROCE %11%10%10%9%10%10%11%12%11%8%8%9%

Reliance Industries Ltd Financial Efficiency Indicators Chart

Reliance Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters50.58%50.59%50.61%50.61%50.66%50.62%50.56%50.49%50.41%50.39%50.27%50.30%
FIIs25.66%25.11%25.41%24.75%24.23%23.90%23.58%23.48%22.49%22.55%22.60%22.13%
DIIs12.62%13.09%13.20%13.62%14.23%14.67%14.91%15.26%16.06%16.13%15.99%16.59%
Government0.20%0.18%0.18%0.17%0.17%0.17%0.16%0.16%0.16%0.17%0.17%0.18%
Public10.94%11.03%10.60%10.85%10.71%10.64%10.78%10.59%10.89%10.76%10.98%10.80%
No. of Shareholders30,31,27232,04,33430,43,51133,06,66233,27,84733,06,73234,85,82533,62,91536,39,39635,06,86736,98,64836,13,814

Reliance Industries Ltd Shareholding Pattern Chart

No. of Reliance Industries Ltd Shareholders

Reliance Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Nifty 50 ETF627567169.1114920.1
SBI S&P BSE Sensex ETF4513326710.7310725.47
UTI Nifty 50 ETF171758149.114083.46
UTI S&P BSE Sensex ETF1524749710.733623.42
ICICI Prudential Bluechip Fund119127756.382832.2
Mirae Asset Large Cap Fund107291337.062550.8
ICICI Prudential Value Discovery Fund93598666.342225.26
HDFC Top 100 Fund - Regular Plan74517816.41771.62
SBI Equity Hybrid Fund70000002.711664.22
Axis Bluechip Fund68840005.141636.64

Reliance Industries Ltd ROCE Trend

Reliance Industries Ltd EPS Trend

Reliance Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)98.5992.0076.3763.0766.82
Diluted EPS (Rs.)98.5990.8575.2163.0666.80
Cash EPS (Rs.)169.06143.92123.8197.77102.38
Book Value[Excl.RevalReserv]/Share (Rs.)1225.251314.091240.39727.79667.22
Book Value[Incl.RevalReserv]/Share (Rs.)1225.251314.091240.39727.79667.22
Revenue From Operations / Share (Rs.)1297.611034.68724.47942.63960.53
PBDIT / Share (Rs.)227.49185.38150.60161.18156.18
PBIT / Share (Rs.)167.91141.33109.37126.16120.86
PBT / Share (Rs.)138.98123.9685.2584.4093.02
Net Profit / Share (Rs.)109.4899.8782.5862.7467.05
NP After MI And SOA / Share (Rs.)98.6089.7376.2362.0866.80
PBDIT Margin (%)17.5317.9120.7817.0916.25
PBIT Margin (%)12.9413.6515.0913.3812.58
PBT Margin (%)10.7111.9811.768.959.68
Net Profit Margin (%)8.439.6511.396.656.98
NP After MI And SOA Margin (%)7.598.6710.526.586.95
Return on Networth / Equity (%)9.317.787.018.7610.22
Return on Capital Employeed (%)9.378.026.7510.6210.45
Return On Assets (%)4.144.043.713.373.94
Long Term Debt / Equity (X)0.250.240.230.430.53
Total Debt / Equity (X)0.430.340.310.640.70
Asset Turnover Ratio (%)0.440.380.240.340.46
Current Ratio (X)1.071.121.340.620.73
Quick Ratio (X)0.720.771.050.440.51
Inventory Turnover Ratio (X)5.005.033.024.465.05
Dividend Payout Ratio (NP) (%)7.627.077.989.788.97
Dividend Payout Ratio (CP) (%)4.754.745.176.255.87
Earning Retention Ratio (%)92.3892.9392.0290.2291.03
Cash Earning Retention Ratio (%)95.2595.2694.8393.7594.13
Interest Coverage Ratio (X)7.868.604.584.645.61
Interest Coverage Ratio (Post Tax) (X)4.765.443.253.013.41
Enterprise Value (Cr.)1935266.332121493.181596689.40977860.061076884.43
EV / Net Operating Revenue (X)2.203.033.421.641.89
EV / EBITDA (X)12.5816.9216.459.5711.64
MarketCap / Net Operating Revenue (X)1.802.552.771.181.42
Retention Ratios (%)92.3792.9292.0190.2191.02
Price / BV (X)2.202.291.841.572.09
Price / Net Operating Revenue (X)1.802.552.771.181.42
EarningsYield0.040.030.030.050.04

Reliance Industries Ltd Profitability Ratios (%)

Reliance Industries Ltd Liquidity Ratios

Reliance Industries Ltd Liquidity Ratios (%)

Reliance Industries Ltd Interest Coverage Ratios (%)

Reliance Industries Ltd Valuation Ratios

Fair Value of Reliance Industries Ltd Stock

Fair Value: ₹2876.47

The stock is overvalued by 3.70% compared to the current price ₹2987

*Investments are subject to market risks

Strength and Weakness of Reliance Industries Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -50.50, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -10.83, which is a positive sign.
  3. The company has higher reserves (405,988.69 cr) compared to borrowings (245,233.69 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (507.46 cr) and profit (52.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 133.13 and average Dividend Yield of 13.53%.
  2. The stock has a low average ROCE of 9.92%, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Industries 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