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Last Updated: February 27, 2026, 8:51 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500390 | NSE: RELINFRA

Reliance Infrastructure Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 27, 2026, 8:51 pm

Market Cap 3,695 Cr.
Current Price 90.4
Intrinsic Value₹270.03
High / Low 425/89.3
Stock P/E0.74
Book Value 414
Dividend Yield0.00 %
ROCE34.0 %
ROE37.5 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Reliance Infrastructure Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Reliance Infrastructure Ltd 3,695 Cr. 90.4 425/89.30.74 4140.00 %34.0 %37.5 % 10.0
Rattanindia Power Ltd 4,446 Cr. 8.29 16.9/7.8832.8 8.460.00 %8.69 %4.96 % 10.0
PTC India Ltd 4,925 Cr. 167 207/1357.92 1977.03 %11.5 %12.3 % 10.0
Gujarat Industries Power Co Ltd 2,193 Cr. 141 224/13315.1 2282.90 %6.44 %6.19 % 10.0
Orient Green Power Company Ltd 1,157 Cr. 9.87 15.8/9.6819.2 10.20.00 %6.65 %3.84 % 10.0
Industry Average60,609.25 Cr165.9547.8594.050.93%8.95%11.73%7.77

All Competitor Stocks of Reliance Infrastructure Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4,1114,1865,5657,1534,6384,6867,1937,2585,0334,1085,9086,2354,297
Expenses 3,8164,3495,4316,4954,1134,3696,5176,6474,4274,0945,6685,1803,867
Operating Profit 294-162134658525317676611606142401,055429
OPM % 7%-4%2%9%11%7%9%8%12%0%4%17%10%
Other Income 673-1,395313221424616633,744-2,9748,9498492,303693
Interest 657643571610578552470472468374427444442
Depreciation 368366371387379366348355359360375368373
Profit before tax -57-2,565-495-118-715-783,527-3,1958,2292872,546307
Tax % 14%-0%-0%5%228%136%-11%0%0%-0%-2%-0%-1%
Net Profit -127-2,484-567-182-301-98-934,195-3,1868,2623052,575317
EPS in Rs -9.31-76.90-19.13-7.42-10.63-5.57-5.90103.06-83.26110.751.4646.770.27

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

Below is a detailed analysis of the quarterly data for Reliance Infrastructure Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 4,297.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,235.00 Cr. (Sep 2025) to 4,297.00 Cr., marking a decrease of 1,938.00 Cr..
  • For Expenses, as of Dec 2025, the value is 3,867.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5,180.00 Cr. (Sep 2025) to 3,867.00 Cr., marking a decrease of 1,313.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 429.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,055.00 Cr. (Sep 2025) to 429.00 Cr., marking a decrease of 626.00 Cr..
  • For OPM %, as of Dec 2025, the value is 10.00%. The value appears to be declining and may need further review. It has decreased from 17.00% (Sep 2025) to 10.00%, marking a decrease of 7.00%.
  • For Other Income, as of Dec 2025, the value is 693.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,303.00 Cr. (Sep 2025) to 693.00 Cr., marking a decrease of 1,610.00 Cr..
  • For Interest, as of Dec 2025, the value is 442.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 444.00 Cr. (Sep 2025) to 442.00 Cr., marking a decrease of 2.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 373.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 368.00 Cr. (Sep 2025) to 373.00 Cr., marking an increase of 5.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 307.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,546.00 Cr. (Sep 2025) to 307.00 Cr., marking a decrease of 2,239.00 Cr..
  • For Tax %, as of Dec 2025, the value is -1.00%. The value appears to be improving (decreasing) as expected. It has decreased from 0.00% (Sep 2025) to -1.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 317.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,575.00 Cr. (Sep 2025) to 317.00 Cr., marking a decrease of 2,258.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 0.27. The value appears to be declining and may need further review. It has decreased from 46.77 (Sep 2025) to 0.27, marking a decrease of 46.50.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

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 19,15116,18526,95225,22918,72819,73119,99017,73519,68922,39822,80524,44120,547
Expenses 16,34014,38922,43520,45515,54524,24218,60717,47117,83220,97220,65320,67818,808
Operating Profit 2,8111,7964,5184,7743,183-4,5111,3832641,8571,4272,1513,7641,739
OPM % 15%11%17%19%17%-23%7%1%9%6%9%15%8%
Other Income 1,2602,7682,5633,4384,2817,2063,2216,754830-501,0577,92612,794
Interest 1,6962,3475,0265,5815,2042,5812,4002,7272,0602,3932,3101,7841,687
Depreciation 5348331,5441,6881,2541,2921,3891,3521,2831,4481,5031,4211,476
Profit before tax 1,8411,3845119431,006-1,1788152,939-656-2,466-6058,48411,370
Tax % 15%5%44%-15%-15%-20%-6%-6%3%0%7%-0%
Net Profit 1,9201,7256931,3941,214-2,3239083,116-868-2,564-1,1489,17711,460
EPS in Rs 72.7768.4528.8854.1947.74-92.2829.3242.79-37.98-91.57-40.61124.64159.25
Dividend Payout % 10%12%29%17%20%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 (%)-10.16%-59.83%101.15%-12.91%-291.35%139.09%243.17%-127.86%-195.39%55.23%899.39%
Change in YoY Net Profit Growth (%)0.00%-49.67%160.98%-114.07%-278.44%430.44%104.08%-371.03%-67.54%250.62%844.16%

Reliance 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:4%
5 Years:4%
3 Years:7%
TTM:-6%
Compounded Profit Growth
10 Years:11%
5 Years:37%
3 Years:86%
TTM:402%
Stock Price CAGR
10 Years:-1%
5 Years:60%
3 Years:17%
1 Year:37%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:7%
Last Year:38%

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 263263263263263263263263263352396396409
Reserves 26,32826,71121,38923,08423,41713,9139,52910,59712,1448,9428,35114,03416,501
Borrowings 24,28925,77030,55025,81425,44117,77217,14713,90712,71811,5109,8956,3615,737
Other Liabilities 18,04818,10348,56749,12150,71136,24737,92137,22637,27740,09640,51745,04947,062
Total Liabilities 68,92870,847100,76998,28299,83268,19464,86161,99462,40360,89959,15965,84169,709
Fixed Assets 10,30117,69732,88736,56739,39324,94823,25319,50519,00219,75617,75717,71417,552
CWIP 10,7895,0814,9712,3603,0052,5922,5292,0252,1981,0151,3021,3731,321
Investments 18,28017,61813,20013,14313,0926,7421,3941,7694,7004,3383,9048,67110,421
Other Assets 29,55730,45149,71246,21244,34233,91137,68338,69636,50335,79136,19638,08340,414
Total Assets 68,92870,847100,76998,28299,83268,19464,86161,99462,40360,89959,15965,84169,709

Below is a detailed analysis of the balance sheet data for Reliance Infrastructure Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 409.00 Cr.. The value appears strong and on an upward trend. It has increased from 396.00 Cr. (Mar 2025) to 409.00 Cr., marking an increase of 13.00 Cr..
  • For Reserves, as of Sep 2025, the value is 16,501.00 Cr.. The value appears strong and on an upward trend. It has increased from 14,034.00 Cr. (Mar 2025) to 16,501.00 Cr., marking an increase of 2,467.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 5,737.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 6,361.00 Cr. (Mar 2025) to 5,737.00 Cr., marking a decrease of 624.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 47,062.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 45,049.00 Cr. (Mar 2025) to 47,062.00 Cr., marking an increase of 2,013.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 69,709.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 65,841.00 Cr. (Mar 2025) to 69,709.00 Cr., marking an increase of 3,868.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 17,552.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17,714.00 Cr. (Mar 2025) to 17,552.00 Cr., marking a decrease of 162.00 Cr..
  • For CWIP, as of Sep 2025, the value is 1,321.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,373.00 Cr. (Mar 2025) to 1,321.00 Cr., marking a decrease of 52.00 Cr..
  • For Investments, as of Sep 2025, the value is 10,421.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,671.00 Cr. (Mar 2025) to 10,421.00 Cr., marking an increase of 1,750.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 40,414.00 Cr.. The value appears strong and on an upward trend. It has increased from 38,083.00 Cr. (Mar 2025) to 40,414.00 Cr., marking an increase of 2,331.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 69,709.00 Cr.. The value appears strong and on an upward trend. It has increased from 65,841.00 Cr. (Mar 2025) to 69,709.00 Cr., marking an increase of 3,868.00 Cr..

Notably, the Reserves (16,501.00 Cr.) exceed the Borrowings (5,737.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4,4123,29010,2968,6788,1536842,8751,4363,7993,4584,0973,657
Cash from Investing Activity + -5,936-1,726-5,690-75-8052,759-80818-502-1,333415-1,731
Cash from Financing Activity + 1,721-1,707-4,704-8,452-7,428-3,334-1,979-1,531-2,942-2,242-3,648-1,252
Net Cash Flow 197-143-98152-8010987-77356-117865674

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-22.00-24.00-26.00-21.00-22.00-21.00-16.00251.00-11.00-10.00-7.00-3.00

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 95124768210683908176422723
Inventory Days
Days Payable
Cash Conversion Cycle 95124768210683908176422723
Working Capital Days -78-67-85-111-380-314-322-370-375-392-379-397
ROCE %6%6%11%10%12%18%11%19%5%9%7%34%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 18.67%18.65%16.56%16.50%16.50%16.50%16.50%16.50%16.50%19.05%19.05%19.05%
FIIs 12.30%12.92%12.14%12.69%11.77%12.37%8.38%9.00%11.35%10.26%7.07%5.72%
DIIs 3.13%3.06%2.85%2.64%2.16%2.26%1.40%1.34%1.36%1.38%1.27%1.06%
Government 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%
Public 65.74%65.22%68.33%68.03%69.42%68.75%73.59%73.01%70.66%69.18%72.47%74.03%
Others 0.13%0.13%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%
No. of Shareholders 7,15,0067,06,9686,94,3136,59,1686,65,7297,01,5837,12,1046,91,8426,81,3957,12,5877,17,7836,72,172

Shareholding Pattern Chart

No. of Shareholders

Reliance Infrastructure Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 289,385 0.96 5.49289,3852025-04-22 17:25:250%
Groww Nifty Total Market Index Fund 730 0.03 0.017302025-04-22 17:25:250%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 124.64-42.66-112.98-35.68-20.24
Diluted EPS (Rs.) 120.68-42.66-112.98-35.68-20.24
Cash EPS (Rs.) 250.1821.64-29.1222.9845.92
Book Value[Excl.RevalReserv]/Share (Rs.) 364.24349.84396.59626.97432.84
Book Value[Incl.RevalReserv]/Share (Rs.) 364.24349.84396.59626.97432.84
Revenue From Operations / Share (Rs.) 595.50557.06586.83699.96635.08
PBDIT / Share (Rs.) 105.1063.2049.2996.91127.08
PBIT / Share (Rs.) 69.2325.268.1248.1275.68
PBT / Share (Rs.) 214.15-15.26-70.08-24.95-11.84
Net Profit / Share (Rs.) 214.30-16.30-70.29-25.81-5.49
NP After MI And SOA / Share (Rs.) 124.63-40.61-91.56-35.68-20.24
PBDIT Margin (%) 17.6411.348.3913.8420.01
PBIT Margin (%) 11.624.531.386.8711.91
PBT Margin (%) 35.96-2.73-11.94-3.56-1.86
Net Profit Margin (%) 35.98-2.92-11.97-3.68-0.86
NP After MI And SOA Margin (%) 20.92-7.28-15.60-5.09-3.18
Return on Networth / Equity (%) 34.21-18.39-34.66-7.46-5.78
Return on Capital Employeed (%) 8.044.301.124.398.15
Return On Assets (%) 7.49-2.71-5.28-1.49-0.85
Long Term Debt / Equity (X) 0.130.360.470.430.70
Total Debt / Equity (X) 0.431.111.231.010.95
Asset Turnover Ratio (%) 0.370.360.330.030.03
Current Ratio (X) 1.181.031.011.061.01
Quick Ratio (X) 1.181.021.011.061.01
Inventory Turnover Ratio (X) 167.450.000.000.000.00
Dividend Payout Ratio (NP) (%) 0.19-0.54-0.24-0.890.00
Dividend Payout Ratio (CP) (%) 0.15-8.33-0.452.430.00
Earning Retention Ratio (%) 99.81100.54100.24100.890.00
Cash Earning Retention Ratio (%) 99.85108.33100.4597.570.00
Interest Coverage Ratio (X) 2.331.080.721.240.68
Interest Coverage Ratio (Post Tax) (X) 1.540.410.110.600.44
Enterprise Value (Cr.) 23057.7323415.9819802.3218294.6910957.62
EV / Net Operating Revenue (X) 0.971.060.950.990.65
EV / EBITDA (X) 5.549.3511.427.183.28
MarketCap / Net Operating Revenue (X) 0.430.480.240.160.05
Retention Ratios (%) 99.80100.54100.24100.890.00
Price / BV (X) 0.701.220.540.230.10
Price / Net Operating Revenue (X) 0.430.480.240.160.05
EarningsYield 0.48-0.15-0.63-0.31-0.57

After reviewing the key financial ratios for Reliance Infrastructure Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 124.64. This value is within the healthy range. It has increased from -42.66 (Mar 24) to 124.64, marking an increase of 167.30.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 120.68. This value is within the healthy range. It has increased from -42.66 (Mar 24) to 120.68, marking an increase of 163.34.
  • For Cash EPS (Rs.), as of Mar 25, the value is 250.18. This value is within the healthy range. It has increased from 21.64 (Mar 24) to 250.18, marking an increase of 228.54.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 364.24. It has increased from 349.84 (Mar 24) to 364.24, marking an increase of 14.40.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 364.24. It has increased from 349.84 (Mar 24) to 364.24, marking an increase of 14.40.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 595.50. It has increased from 557.06 (Mar 24) to 595.50, marking an increase of 38.44.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 105.10. This value is within the healthy range. It has increased from 63.20 (Mar 24) to 105.10, marking an increase of 41.90.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 69.23. This value is within the healthy range. It has increased from 25.26 (Mar 24) to 69.23, marking an increase of 43.97.
  • For PBT / Share (Rs.), as of Mar 25, the value is 214.15. This value is within the healthy range. It has increased from -15.26 (Mar 24) to 214.15, marking an increase of 229.41.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 214.30. This value is within the healthy range. It has increased from -16.30 (Mar 24) to 214.30, marking an increase of 230.60.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 124.63. This value is within the healthy range. It has increased from -40.61 (Mar 24) to 124.63, marking an increase of 165.24.
  • For PBDIT Margin (%), as of Mar 25, the value is 17.64. This value is within the healthy range. It has increased from 11.34 (Mar 24) to 17.64, marking an increase of 6.30.
  • For PBIT Margin (%), as of Mar 25, the value is 11.62. This value is within the healthy range. It has increased from 4.53 (Mar 24) to 11.62, marking an increase of 7.09.
  • For PBT Margin (%), as of Mar 25, the value is 35.96. This value is within the healthy range. It has increased from -2.73 (Mar 24) to 35.96, marking an increase of 38.69.
  • For Net Profit Margin (%), as of Mar 25, the value is 35.98. This value exceeds the healthy maximum of 10. It has increased from -2.92 (Mar 24) to 35.98, marking an increase of 38.90.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 20.92. This value exceeds the healthy maximum of 20. It has increased from -7.28 (Mar 24) to 20.92, marking an increase of 28.20.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 34.21. This value is within the healthy range. It has increased from -18.39 (Mar 24) to 34.21, marking an increase of 52.60.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 8.04. This value is below the healthy minimum of 10. It has increased from 4.30 (Mar 24) to 8.04, marking an increase of 3.74.
  • For Return On Assets (%), as of Mar 25, the value is 7.49. This value is within the healthy range. It has increased from -2.71 (Mar 24) to 7.49, marking an increase of 10.20.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.13. This value is below the healthy minimum of 0.2. It has decreased from 0.36 (Mar 24) to 0.13, marking a decrease of 0.23.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.43. This value is within the healthy range. It has decreased from 1.11 (Mar 24) to 0.43, marking a decrease of 0.68.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.37. It has increased from 0.36 (Mar 24) to 0.37, marking an increase of 0.01.
  • For Current Ratio (X), as of Mar 25, the value is 1.18. This value is below the healthy minimum of 1.5. It has increased from 1.03 (Mar 24) to 1.18, marking an increase of 0.15.
  • For Quick Ratio (X), as of Mar 25, the value is 1.18. This value is within the healthy range. It has increased from 1.02 (Mar 24) to 1.18, marking an increase of 0.16.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 167.45. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 167.45, marking an increase of 167.45.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.19. This value is below the healthy minimum of 20. It has increased from -0.54 (Mar 24) to 0.19, marking an increase of 0.73.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.15. This value is below the healthy minimum of 20. It has increased from -8.33 (Mar 24) to 0.15, marking an increase of 8.48.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 99.81. This value exceeds the healthy maximum of 70. It has decreased from 100.54 (Mar 24) to 99.81, marking a decrease of 0.73.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 99.85. This value exceeds the healthy maximum of 70. It has decreased from 108.33 (Mar 24) to 99.85, marking a decrease of 8.48.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 2.33. This value is below the healthy minimum of 3. It has increased from 1.08 (Mar 24) to 2.33, marking an increase of 1.25.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.54. This value is below the healthy minimum of 3. It has increased from 0.41 (Mar 24) to 1.54, marking an increase of 1.13.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 23,057.73. It has decreased from 23,415.98 (Mar 24) to 23,057.73, marking a decrease of 358.25.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.97. This value is below the healthy minimum of 1. It has decreased from 1.06 (Mar 24) to 0.97, marking a decrease of 0.09.
  • For EV / EBITDA (X), as of Mar 25, the value is 5.54. This value is within the healthy range. It has decreased from 9.35 (Mar 24) to 5.54, marking a decrease of 3.81.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.43. This value is below the healthy minimum of 1. It has decreased from 0.48 (Mar 24) to 0.43, marking a decrease of 0.05.
  • For Retention Ratios (%), as of Mar 25, the value is 99.80. This value exceeds the healthy maximum of 70. It has decreased from 100.54 (Mar 24) to 99.80, marking a decrease of 0.74.
  • For Price / BV (X), as of Mar 25, the value is 0.70. This value is below the healthy minimum of 1. It has decreased from 1.22 (Mar 24) to 0.70, marking a decrease of 0.52.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.43. This value is below the healthy minimum of 1. It has decreased from 0.48 (Mar 24) to 0.43, marking a decrease of 0.05.
  • For EarningsYield, as of Mar 25, the value is 0.48. This value is below the healthy minimum of 5. It has increased from -0.15 (Mar 24) to 0.48, marking an increase of 0.63.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Reliance Infrastructure Ltd as of March 1, 2026 is: ₹93.75

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.

As of March 1, 2026, Reliance Infrastructure Ltd is Undervalued by 3.71% compared to the current share price ₹90.40

Intrinsic Value of Reliance Infrastructure Ltd as of March 1, 2026 is: ₹270.03

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 1, 2026, Reliance Infrastructure Ltd is Undervalued by 198.71% compared to the current share price ₹90.40

Last 5 Year EPS CAGR: 188.03%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -272.50, which is a positive sign.
  2. The company has shown consistent growth in sales (20.46 cr) and profit (79.15 cr) over the years.
  1. The stock has a low average ROCE of 12.33%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 75.42, which may not be favorable.
  3. The company has higher borrowings (17,454.69) compared to reserves (16,533.85), which may suggest financial risk.

Stock Analysis

  • 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 Infrastructure Ltd:
    1. Net Profit Margin: 35.98%
      • 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: 8.04% (Industry Average ROCE: 8.95%)
      • 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%: 34.21% (Industry Average ROE: 11.73%)
      • 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): 1.54
      • 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: 1.18
      • 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: 0.74 (Industry average Stock P/E: 47.85)
      • 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: 0.43
      • 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:

About the Company - Qualitative Analysis

Reliance Infrastructure Ltd. is a Public Limited Listed company incorporated on 01/10/1929 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L75100MH1929PLC001530 and registration number is 001530. Currently Company is involved in the business activities of Collection and distribution of electric energy to households, industrial, commercial and other users. Company's Total Operating Revenue is Rs. 211.81 Cr. and Equity Capital is Rs. 396.17 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionReliance Centre, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Vijesh Babu ThotaExecutive Director & CFO
Mrs. Manjari KackerInd. Non-Executive Director
Ms. Chhaya ViraniInd. Non-Executive Director
Mr. Virendra Singh VermaInd. Non-Executive Director
Dr. Thomas MathewInd. Non-Executive Director
Mr. Rajesh Kumar DhingraNon Exe.Non Ind.Director
Mr. Partha Pratim SarmaNon Exe.Non Ind.Director

FAQ

What is the intrinsic value of Reliance Infrastructure Ltd?

Reliance Infrastructure Ltd's intrinsic value (as of 01 March 2026) is ₹270.03 which is 198.71% higher the current market price of ₹90.40, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹3,695 Cr. market cap, FY2025-2026 high/low of ₹425/89.3, reserves of ₹16,501 Cr, and liabilities of ₹69,709 Cr.

What is the Market Cap of Reliance Infrastructure Ltd?

The Market Cap of Reliance Infrastructure Ltd is 3,695 Cr..

What is the current Stock Price of Reliance Infrastructure Ltd as on 01 March 2026?

The current stock price of Reliance Infrastructure Ltd as on 01 March 2026 is ₹90.4.

What is the High / Low of Reliance Infrastructure Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Reliance Infrastructure Ltd stocks is ₹425/89.3.

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

The Stock P/E of Reliance Infrastructure Ltd is 0.74.

What is the Book Value of Reliance Infrastructure Ltd?

The Book Value of Reliance Infrastructure Ltd is 414.

What is the Dividend Yield of Reliance Infrastructure Ltd?

The Dividend Yield of Reliance Infrastructure Ltd is 0.00 %.

What is the ROCE of Reliance Infrastructure Ltd?

The ROCE of Reliance Infrastructure Ltd is 34.0 %.

What is the ROE of Reliance Infrastructure Ltd?

The ROE of Reliance Infrastructure Ltd is 37.5 %.

What is the Face Value of Reliance Infrastructure Ltd?

The Face Value of Reliance Infrastructure Ltd is 10.0.

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 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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