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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Reliance Infrastructure Ltd

About the Company - Reliance Infrastructure Ltd

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 Construction of utility projects. Company’s Total Operating Revenue is Rs. 1467.37 Cr. and Equity Capital is Rs. 263.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionReliance Centre, Ground Floor, Mumbai Maharashtra 400001rinfra.investor@relianceada.com
http://www.rinfra.com
Management
NamePosition Held
Mr. S SethVice Chairman
Mr. Punit GargExecutive Director & CEO
Mr. S S KohliDirector
Mr. K RavikumarDirector
Mrs. Manjari KackerDirector

Basic Stock Data of Reliance Infrastructure Ltd

Last Updated: May 30, 2024, 6:19 am

Market Cap 6,780 Cr.
Current Price 171
High / Low308/131
Stock P/E
Book Value 242
Dividend Yield0.00 %
ROCE8.95 %
ROE0.67 %
Face Value 10.0
PEG Ratio0.00

Competitors of Reliance Infrastructure Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NHPC Ltd 1,02,911 Cr. 102116/42.828.4 38.51.81 %7.37 %9.59 % 10.0
India Power Corporation Ltd 1,728 Cr. 17.828.0/9.75119 10.40.28 %3.77 %1.14 % 1.00
CESC Ltd 18,558 Cr. 140158/68.713.2 86.83.21 %11.4 %12.2 % 1.00
Adani Green Energy Ltd 3,09,092 Cr. 1,9512,019/816188 50.10.00 %7.81 %22.8 % 10.0
NTPC Ltd 3,63,576 Cr. 375380/17217.5 1661.93 %10.4 %13.5 % 10.0
Industry Average159,173.00 Cr517.1673.2270.361.45%8.15%11.85%6.40

Reliance Infrastructure Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,8324,1794,3365,7134,2024,1606,1726,2294,1114,1595,5657,1714,657
Expenses3,8504,2144,3805,1673,9944,0515,8385,4633,8164,3495,4316,4954,113
Operating Profit-18-35-44547208109334766294-189134676545
OPM %-0%-1%-1%10%5%3%5%12%7%-5%2%9%12%
Other Income1,4274,27779047724308652213673-1,367313203405
Interest746702513516504527527567657643571610578
Depreciation355324315308330331350365368366371387379
Profit before tax3083,216-83-23098-44210947-57-2,565-495-118-7
Tax %-39%-0%-6%-5%6%-0%3%-6%-14%0%0%-5%-228%
Net Profit4303,230-85-26772-58871-25-127-2,484-567-182-301
EPS in Rs3.0461.26-3.62-11.64-4.77-17.95-3.28-6.17-9.31-76.90-19.13-7.42-10.63

Last Updated: May 10, 2024, 7:20 am

Reliance Infrastructure Ltd Quarterly Chart

Reliance Infrastructure Ltd Profit & Loss

Last Updated: May 2, 2024, 5:01 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales24,21622,48519,15116,18526,95225,22918,72819,73119,99017,73519,68922,30321,552
Expenses21,48419,50616,34014,38922,43520,45515,54524,24218,60717,47117,83220,97220,387
Operating Profit2,7332,9792,8111,7964,5184,7743,183-4,5111,3832641,8571,3311,165
OPM %11%13%15%11%17%19%17%-23%7%1%9%6%5%
Other Income8011,4211,2602,7682,5633,4384,2817,2063,2216,75483045-447
Interest1,3361,6871,6962,3475,0265,5815,2042,5812,4002,7272,0602,3932,401
Depreciation3945515348331,5441,6881,2541,2921,3891,3521,2831,4481,502
Profit before tax1,8042,1611,8411,3845119431,006-1,1788152,939-656-2,466-3,185
Tax %30%9%15%5%44%-15%-15%20%-6%-6%-3%-0%
Net Profit1,5922,2531,9201,7256931,3941,214-2,3239083,116-868-2,564-3,534
EPS in Rs60.3485.4372.7768.4528.8854.1947.74-92.2829.3242.79-37.98-91.57-114.08
Dividend Payout %12%9%10%12%29%17%20%0%0%0%0%0%

Reliance Infrastructure Ltd Profit & Loss Yearly Chart

Reliance Infrastructure Ltd Growth

Compounded Sales Growth
10 Years:0%
5 Years:4%
3 Years:4%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-63%
Stock Price CAGR
10 Years:-13%
5 Years:8%
3 Years:36%
1 Year:24%
Return on Equity
10 Years:5%
5 Years:7%
3 Years:0%
Last Year:-1%

Last Updated: May 25, 2024, 11:10 am

Reliance Infrastructure Ltd Balance Sheet

Last Updated: May 2, 2024, 5:01 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital263263263263263263263263263263263352396
Reserves23,98125,85826,32826,71121,38923,08423,41713,9139,52910,59712,0078,9429,206
Borrowings18,29021,97624,28925,77030,55025,81425,44117,77217,14713,90712,71811,51010,821
Other Liabilities18,87418,39918,04818,10348,56749,12150,71136,24737,92137,22637,41540,09642,011
Total Liabilities61,40866,49668,92870,847100,76998,28299,83268,19464,86161,99462,40360,89962,434
Fixed Assets11,22011,31610,30117,69732,88736,56739,39324,94823,25319,50519,00219,75619,279
CWIP7,4849,94110,7895,0814,9712,3603,0052,5922,5292,0252,1981,0151,073
Investments12,30212,96818,28017,61813,20013,14313,0926,7421,3941,7694,7004,3384,376
Other Assets30,40332,27129,55730,45149,71246,21244,34233,91137,68338,69636,50335,79137,705
Total Assets61,40866,49668,92870,847100,76998,28299,83268,19464,86161,99462,40360,89962,434

Reliance Infrastructure Ltd Reserves and Borrowings Chart

Reliance Infrastructure Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1,3662,6364,4123,29010,2968,6788,1536842,8751,4363,7993,458
Cash from Investing Activity -2,427-7,696-5,936-1,726-5,690-75-8052,759-80818-502-1,333
Cash from Financing Activity 4,5804,1631,721-1,707-4,704-8,452-7,428-3,334-1,979-1,531-2,942-2,242
Net Cash Flow787-897197-143-98152-8010987-77356-117

Reliance Infrastructure Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days74619512476821068390817642
Inventory Days
Days Payable
Cash Conversion Cycle74619512476821068390817642
Working Capital Days747978110-85-111-309-261-276-219-242-279
ROCE %8%7%6%6%11%10%12%18%11%19%5%9%

Reliance Infrastructure Ltd Financial Efficiency Indicators Chart

Reliance Infrastructure Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters4.98%4.98%4.98%4.98%4.98%4.98%4.98%4.98%4.56%18.67%18.65%16.56%
FIIs4.14%2.75%2.14%1.32%1.33%1.43%2.10%3.05%11.94%12.30%12.92%12.14%
DIIs9.45%9.45%5.06%5.07%5.06%4.98%4.99%4.96%3.84%3.13%3.06%2.85%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public81.23%82.63%87.62%88.43%88.43%88.42%87.74%86.81%79.49%65.74%65.22%68.33%
Others0.17%0.17%0.17%0.17%0.17%0.17%0.17%0.17%0.16%0.13%0.13%0.11%
No. of Shareholders7,86,6357,69,6928,41,2448,08,8007,66,5037,68,8717,64,1767,62,5457,26,4657,15,0067,06,9686,94,313

Reliance Infrastructure Ltd Shareholding Pattern Chart

No. of Reliance Infrastructure Ltd Shareholders

Reliance Infrastructure Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund289,3850.965.49
Groww Nifty Total Market Index Fund7300.030.01

Reliance Infrastructure Ltd ROCE Trend

Reliance Infrastructure Ltd EPS Trend

Reliance Infrastructure Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-112.98-35.68-20.2429.32-92.28
Diluted EPS (Rs.)-112.98-35.68-20.2429.32-92.28
Cash EPS (Rs.)-29.1222.9845.9285.6213.38
Book Value[Excl.RevalReserv]/Share (Rs.)396.59626.97432.84441.84603.20
Book Value[Incl.RevalReserv]/Share (Rs.)396.59626.97432.84441.84603.20
Revenue From Operations / Share (Rs.)586.83699.96635.08712.03721.67
PBDIT / Share (Rs.)49.2996.91127.08126.34186.44
PBIT / Share (Rs.)8.1248.1275.6873.62137.33
PBT / Share (Rs.)-70.08-24.95-11.8431.09-195.13
Net Profit / Share (Rs.)-70.29-25.81-5.4932.91-35.73
NP After MI And SOA / Share (Rs.)-91.56-35.68-20.2429.32-92.26
PBDIT Margin (%)8.3913.8420.0117.7425.83
PBIT Margin (%)1.386.8711.9110.3319.02
PBT Margin (%)-11.94-3.56-1.864.36-27.03
Net Profit Margin (%)-11.97-3.68-0.864.62-4.95
NP After MI And SOA Margin (%)-15.60-5.09-3.184.11-12.78
Return on Networth / Equity (%)-34.66-7.46-5.787.87-17.11
Return on Capital Employeed (%)1.124.398.156.4310.09
Return On Assets (%)-5.28-1.49-0.851.18-3.54
Long Term Debt / Equity (X)0.470.430.701.200.91
Total Debt / Equity (X)1.231.010.951.461.12
Asset Turnover Ratio (%)0.330.030.030.020.01
Current Ratio (X)1.011.061.011.061.01
Quick Ratio (X)1.011.061.011.061.01
Dividend Payout Ratio (NP) (%)-0.24-0.890.000.62-12.53
Dividend Payout Ratio (CP) (%)-0.452.430.000.22-26.79
Earning Retention Ratio (%)100.24100.890.0099.38112.53
Cash Earning Retention Ratio (%)100.4597.570.0099.78126.79
Interest Coverage Ratio (X)0.721.240.681.391.90
Interest Coverage Ratio (Post Tax) (X)0.110.600.440.821.49
Enterprise Value (Cr.)19802.3218294.6910957.6214935.1620251.64
EV / Net Operating Revenue (X)0.950.990.650.791.07
EV / EBITDA (X)11.427.183.284.494.13
MarketCap / Net Operating Revenue (X)0.240.160.050.010.18
Retention Ratios (%)100.24100.890.0099.37112.53
Price / BV (X)0.540.230.100.020.25
Price / Net Operating Revenue (X)0.240.160.050.010.18
EarningsYield-0.63-0.31-0.572.90-0.67

Reliance Infrastructure Ltd Profitability Ratios (%)

Reliance Infrastructure Ltd Liquidity Ratios

Reliance Infrastructure Ltd Liquidity Ratios (%)

Reliance Infrastructure Ltd Interest Coverage Ratios (%)

Reliance Infrastructure Ltd Valuation Ratios

Fair Value

Fair Value: ₹24.81

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.

Overvalued: 85.49% compared to the current price ₹171

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: ₹9.18

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.

Overvalued: 94.63% compared to the current price ₹171

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -63.01%

*Investments are subject to market risks

Strength and Weakness of Reliance Infrastructure Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -120.08, which is a positive sign.
  2. The company has shown consistent growth in sales (20.54 cr) and profit (124.23 cr) over the years.
  1. The stock has a low average ROCE of 10.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 82.50, which may not be favorable.
  3. The company has higher borrowings (19,692.69) compared to reserves (18,074.00), which may suggest financial risk.

FAQ

What is the latest fair value of Reliance Infrastructure Ltd?

The latest fair value of Reliance Infrastructure Ltd is ₹24.81.

What is the Market Cap of Reliance Infrastructure Ltd?

The Market Cap of Reliance Infrastructure Ltd is 6,780 Cr..

What is the current Stock Price of Reliance Infrastructure Ltd as on 30 May 2024?

The current stock price of Reliance Infrastructure Ltd as on 30 May 2024 is ₹171.

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

In FY 2024, the High / Low of Reliance Infrastructure Ltd stocks is 308/131.

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

The Stock P/E of Reliance Infrastructure Ltd is .

What is the Book Value of Reliance Infrastructure Ltd?

The Book Value of Reliance Infrastructure Ltd is 242.

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 8.95 %.

What is the ROE of Reliance Infrastructure Ltd?

The ROE of Reliance Infrastructure Ltd is 0.67 %.

What is the Face Value of Reliance Infrastructure Ltd?

The Face Value of Reliance Infrastructure 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 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