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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500325 | NSE: RELIANCE

The Best Exclusive 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

Basic Stock Data of Reliance Industries Ltd

Last Updated: June 20, 2024, 10:35 pm

Market Cap 19,94,224 Cr.
Current Price 2,947
High / Low3,030/2,220
Stock P/E28.6
Book Value 1,173
Dividend Yield0.31 %
ROCE10.0 %
ROE9.23 %
Face Value 10.0
PEG Ratio2.37

Competitors of Reliance Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mangalore Refinery & Petrochemicals Ltd 37,262 Cr. 213289/75.210.4 75.60.47 %25.2 %31.2 % 10.0
Bharat Petroleum Corporation Ltd 1,35,936 Cr. 627688/3315.02 3491.68 %32.1 %41.9 % 10.0
Indian Oil Corporation Ltd 2,38,535 Cr. 169197/85.55.72 1307.10 %21.2 %25.8 % 10.0
Industry Average137,244.33 Cr336.337.05184.873.08%26.17%32.97%10.00

Reliance Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales117,860149,575139,949167,611185,027207,375218,855229,409216,737212,834207,559231,886225,086
Expenses96,294126,224116,618141,591155,321176,009181,157198,438181,728174,478169,466190,918184,430
Operating Profit21,56623,35123,33126,02029,70631,36637,69830,97135,00938,35638,09340,96840,656
OPM %18%16%17%16%16%15%17%14%16%18%18%18%18%
Other Income4,4074,0484,2194,2637,0162,6022,2753,6563,3772,9963,8893,8994,022
Interest4,3264,0443,3973,8193,8123,5563,9974,5545,2015,8195,8375,7315,789
Depreciation6,6656,9736,8837,2307,6838,0018,9429,72610,18311,45211,77512,58512,903
Profit before tax14,98216,38217,27019,23425,22722,41127,03420,34723,00224,08124,37026,55125,986
Tax %1%8%20%20%19%20%28%24%23%11%25%25%24%
Net Profit14,89414,99513,80615,47920,53918,02119,44315,51217,80621,32718,25819,87819,641
EPS in Rs20.6720.8619.3621.5827.4223.9526.5420.1923.3428.5323.6725.7125.52

Last Updated: April 10, 2024, 4:18 am

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

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)7.96%4.84%26.32%-0.09%20.94%10.41%0.11%34.75%26.25%9.20%6.66%
Change in YoY Net Profit Growth (%)0.00%-3.11%21.47%-26.41%21.03%-10.53%-10.31%34.64%-8.50%-17.05%-2.54%

Reliance Industries Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:10%
3 Years:25%
TTM:3%
Compounded Profit Growth
10 Years:13%
5 Years:12%
3 Years:16%
TTM:4%
Stock Price CAGR
10 Years:20%
5 Years:21%
3 Years:13%
1 Year:25%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:9%
Last Year:9%

Last Updated: June 16, 2024, 5:02 pm

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 Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-74.00-104.00-131.00-153.00-171.00-175.00-223.00-266.00-198.00-209.00-309.00-184.00

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.

Reliance Industries Ltd Free Cash Flow Chart

Reliance Industries Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days98561016191215121213
Inventory Days6057669084836367102838795
Days Payable5561741171321461008713612291111
Cash Conversion Cycle144-2-21-38-46-18-9-19-277-3
Working Capital Days-1-3-37-117-141-144-67-10112-13-933
ROCE %10%10%9%10%10%11%12%11%8%8%9%

Reliance Industries Ltd Financial Efficiency Indicators Chart

Reliance Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters50.59%50.61%50.61%50.66%50.62%50.56%50.49%50.41%50.39%50.27%50.30%50.31%
FIIs25.11%25.41%24.75%24.23%23.90%23.58%23.48%22.49%22.55%22.60%22.13%22.06%
DIIs13.09%13.20%13.62%14.23%14.67%14.91%15.26%16.06%16.13%15.99%16.59%16.98%
Government0.18%0.18%0.17%0.17%0.17%0.16%0.16%0.16%0.17%0.17%0.18%0.19%
Public11.03%10.60%10.85%10.71%10.64%10.78%10.59%10.89%10.76%10.98%10.80%10.46%
No. of Shareholders32,04,33430,43,51133,06,66233,27,84733,06,73234,85,82533,62,91536,39,39635,06,86736,98,64836,13,81434,63,276

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)Previous Number of SharesPrevious DatePercentage Change
Nippon India ETF Nifty 50 BeES8,143,49910.2224203,160,2132024-06-20157.69%
Axis Bluechip Fund8,010,6247.12380.523,160,2132024-06-20153.48%
HDFC Top 100 Fund - Regular Plan7,806,7817.172319.943,160,2132024-06-20147.03%
HDFC Balanced Advantage Fund - Regular Plan6,988,9332.62076.93,160,2132024-06-20121.15%
Quant Small Cap Fund5,881,95010.081747.943,160,2132024-06-2086.13%
Nippon India Large Cap Fund5,400,0006.581604.723,160,2132024-06-2070.87%
Aditya Birla Sun Life Frontline Equity Fund5,393,7555.961602.863,160,2132024-06-2070.68%
HDFC Index Nifty 50 Plan - Regular Plan4,392,93510.231305.453,160,2132024-06-2039.01%
HDFC Hybrid Equity Fund - Regular Plan3,675,0004.811092.13,160,2132024-06-2016.29%
Aditya Birla Sun Life ELSS Tax Saver Fund3,160,2136.27939.123,160,2132024-06-200%

Reliance Industries Ltd ROCE Trend

Reliance Industries Ltd EPS Trend

Reliance Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)102.9098.5992.0076.3763.07
Diluted EPS (Rs.)102.9098.5990.8575.2163.06
Cash EPS (Rs.)191.35169.06143.92123.8197.77
Book Value[Excl.RevalReserv]/Share (Rs.)1368.291225.251314.091240.39727.79
Book Value[Incl.RevalReserv]/Share (Rs.)1368.291225.251314.091240.39727.79
Revenue From Operations / Share (Rs.)1331.751297.611034.68724.47942.63
PBDIT / Share (Rs.)263.51227.49185.38150.60161.18
PBIT / Share (Rs.)188.38167.91141.33109.37126.16
PBT / Share (Rs.)154.21138.98123.9685.2584.40
Net Profit / Share (Rs.)116.22109.4899.8782.5862.74
NP After MI And SOA / Share (Rs.)102.9098.6089.7376.2362.08
PBDIT Margin (%)19.7817.5317.9120.7817.09
PBIT Margin (%)14.1412.9413.6515.0913.38
PBT Margin (%)11.5710.7111.9811.768.95
Net Profit Margin (%)8.728.439.6511.396.65
NP After MI And SOA Margin (%)7.727.598.6710.526.58
Return on Networth / Equity (%)8.779.317.787.018.76
Return on Capital Employeed (%)9.389.378.026.7510.62
Return On Assets (%)3.964.144.043.713.37
Long Term Debt / Equity (X)0.280.250.240.230.43
Total Debt / Equity (X)0.400.430.340.310.64
Asset Turnover Ratio (%)0.530.560.490.240.34
Current Ratio (X)1.181.071.121.340.62
Quick Ratio (X)0.790.720.771.050.44
Inventory Turnover Ratio (X)2.733.633.813.024.46
Dividend Payout Ratio (NP) (%)0.007.627.077.989.78
Dividend Payout Ratio (CP) (%)0.004.754.745.176.25
Earning Retention Ratio (%)0.0092.3892.9392.0290.22
Cash Earning Retention Ratio (%)0.0095.2595.2694.8393.75
Interest Coverage Ratio (X)7.717.868.604.584.64
Interest Coverage Ratio (Post Tax) (X)4.404.765.443.253.01
Enterprise Value (Cr.)2373806.881935266.332121493.181596689.40977860.06
EV / Net Operating Revenue (X)2.632.203.033.421.64
EV / EBITDA (X)13.3112.5816.9216.459.57
MarketCap / Net Operating Revenue (X)2.241.802.552.771.18
Retention Ratios (%)0.0092.3792.9292.0190.21
Price / BV (X)2.542.202.291.841.57
Price / Net Operating Revenue (X)2.241.802.552.771.18
EarningsYield0.030.040.030.030.05

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

Fair Value: 3,106.06

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.40% compared to the current price 2947

Intrinsic Value: 3,481.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 18.12% compared to the current price ₹2947

Last 5 Year EPS CAGR: 12.07%

*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 -49.00, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -13.17, which is a positive sign.
  3. The company has higher reserves (429,470.42 cr) compared to borrowings (260,419.67 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (522.67 cr) and profit (54.75 cr) over the years.
  1. The stock has a low average ROCE of 9.00%, which may not be favorable.

Should I Buy Reliance Industries Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Reliance Industries Ltd:
    1. Net Profit Margin: 8.72%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.38% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.77% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.40
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.79
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 28.6 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.40
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

► What does Reliance Industries Limited do?

Reliance Industries Limited (RIL) is a major player in the Indian economy, with a big presence in the oil and gas sector. They are one of the largest oil and gas exploration and production companies in India, and operate the world’s largest refinery at Jamnagar [ril.com]. RIL is also involved in other areas like petrochemicals, retail, and telecommunications.

► Who is the CEO of Reliance?

Reliance Industries Limited has a chairman and managing director, Mukesh D. Ambani, who effectively leads the company. CEO isn’t the usual title used, but Mukesh Ambani holds the highest leadership position.

► How many companies are under Reliance Industries?

Reliance Industries Limited (RIL) itself has a complex corporate structure with a vast network of subsidiaries and associate companies. There’s no single definitive answer to how many companies are “under” it, but here’s what we can tell:

  • Estimates suggest around 150 subsidiaries and associate companies are linked to RIL[^1].

  • Reliance provides a list of their major subsidiaries and associates on their website, though the total number isn’t explicitly stated [^2].

    [^1]: [geeksforgeeks.org]
    [^2]: [ril.com]

► Is Reliance a MNC company?

Yes, Reliance Industries Limited (RIL) is considered a multinational corporation (MNC) due to its significant international operations and investments. RIL has diverse business interests across various countries, including but not limited to oil and gas exploration, petrochemicals, retail, and telecommunications.

► What is the main product of Reliance Industries Ltd?

Reliance Industries Limited (RIL) doesn’t have a single main product due to its vast diversification across various sectors [ril.com].

Here’s a breakdown of their key areas:

  • Oil and Gas: This is a historical strength for RIL, where they are a major player in exploration, production, and refining [ril.com].
  • Petrochemicals: They are the largest producer of petrochemicals in India and a global leader.
  • Retail: Reliance Retail, a subsidiary, is a major force in Indian retail with various store formats.
  • Telecommunications: Jio, another subsidiary, is India’s largest telecom company by market share.

While oil and gas played a foundational role, Reliance has grown into a conglomerate with significant interests across these diverse sectors.

► What is the main source of income of Reliance?

The main source of income for Reliance Industries Limited (RIL) has shifted in recent years, but it currently comes from their Oil to Chemicals (O2C) business.

Here’s a breakdown:

  • Oil to Chemicals (O2C): This segment contributes the most to RIL’s revenue mix, encompassing refining, petrochemicals, and related products [Economic Times – Revenue mix of RIL].
  • Retail: This is the second-highest revenue generator, with Reliance Retail operating various stores across India [Economic Times – Revenue mix of RIL].
  • Digital Services: Jio, their telecom venture, is a fast-growing segment and a significant contributor, though its revenue share is below retail [Economic Times – Revenue mix of RIL].
  • Oil and Gas Exploration & Production: While historically a major source of income, this segment’s contribution has declined and accounts for a smaller portion of the revenue pie [Economic Times – Revenue mix of RIL].

It’s important to note that Reliance is constantly evolving, and the relative importance of these sectors may change over time.

FAQ

What is the latest fair value of Reliance Industries Ltd?

The latest fair value of Reliance Industries Ltd is ₹3106.06.

What is the Market Cap of Reliance Industries Ltd?

The Market Cap of Reliance Industries Ltd is 19,94,224 Cr..

What is the current Stock Price of Reliance Industries Ltd as on 21 June 2024?

The current stock price of Reliance Industries Ltd as on 21 June 2024 is ₹2,947.

What is the High / Low of Reliance Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Reliance Industries Ltd stocks is 3,030/2,220.

What is the Stock P/E of Reliance Industries Ltd?

The Stock P/E of Reliance Industries Ltd is 28.6.

What is the Book Value of Reliance Industries Ltd?

The Book Value of Reliance Industries Ltd is 1,173.

What is the Dividend Yield of Reliance Industries Ltd?

The Dividend Yield of Reliance Industries Ltd is 0.31 %.

What is the ROCE of Reliance Industries Ltd?

The ROCE of Reliance Industries Ltd is 10.0 %.

What is the ROE of Reliance Industries Ltd?

The ROE of Reliance Industries Ltd is 9.23 %.

What is the Face Value of Reliance Industries Ltd?

The Face Value of Reliance Industries Ltd is 10.0.

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