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.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	Reliance Centre, Mumbai Maharashtra 400001	rinfra.investor@relianceada.com http://www.rinfra.com

Management
Name	Position Held
Mr. S Seth	Vice Chairman & Non Exe.Dire
Mr. Punit Garg	Executive Director & CEO
Mr. S S Kohli	Ind. Non-Executive Director
Mr. K Ravikumar	Ind. Non-Executive Director
Mrs. Manjari Kacker	Ind. Non-Executive Director
Ms. Chhaya Virani	Ind. Non-Executive Director
Mr. V S Verma	Ind. Non-Executive Director
Mr. Dalip Kumar Kaul	Non Exe. & Nominee Director

Basic Stock Data of Reliance Infrastructure Ltd

Last Updated: July 26, 2024, 10:20 pm

Market Cap	7,546 Cr.
Current Price	190
High / Low	308/144
Stock P/E
Book Value	221
Dividend Yield	0.00 %
ROCE	7.38 %
ROE	11.6 %
Face Value	10.0
PEG Ratio	0.00

Data Source: screener.in

Competitors of Reliance Infrastructure Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
SJVN Ltd	58,241 Cr.	148	170/52.7	68.5	35.8	1.20 %	4.98 %	6.09 %	10.0
Rattanindia Power Ltd	9,054 Cr.	16.9	21.1/4.65		8.13	0.00 %	8.39 %	%	10.0
PTC India Ltd	6,646 Cr.	225	255/113	15.1	174	3.47 %	9.64 %	8.67 %	10.0
Orient Green Power Company Ltd	2,104 Cr.	21.5	34.6/11.8	72.3	8.04	0.00 %	6.97 %	4.44 %	10.0
NTPC Ltd	3,84,377 Cr.	396	400/200	18.5	166	1.83 %	10.4 %	13.5 %	10.0
Industry Average	82,451.33 Cr	336.80		61.91	90.20	0.80%	9.34%	12.01%	8.11

Reliance Infrastructure Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	3,832	4,179	4,336	5,713	4,202	4,160	6,172	6,229	4,111	4,159	5,565	7,171	4,657
Expenses	3,850	4,214	4,380	5,167	3,994	4,051	5,838	5,463	3,816	4,349	5,431	6,495	4,113
Operating Profit	-18	-35	-44	547	208	109	334	766	294	-189	134	676	545
OPM %	-0%	-1%	-1%	10%	5%	3%	5%	12%	7%	-5%	2%	9%	12%
Other Income	1,427	4,277	790	47	724	308	652	213	673	-1,367	313	203	405
Interest	746	702	513	516	504	527	527	567	657	643	571	610	578
Depreciation	355	324	315	308	330	331	350	365	368	366	371	387	379
Profit before tax	308	3,216	-83	-230	98	-442	109	47	-57	-2,565	-495	-118	-7
Tax %	-39%	-0%	-6%	-5%	6%	-0%	3%	-6%	-14%	0%	0%	-5%	-228%
Net Profit	430	3,230	-85	-267	72	-588	71	-25	-127	-2,484	-567	-182	-301
EPS in Rs	3.04	61.26	-3.62	-11.64	-4.77	-17.95	-3.28	-6.17	-9.31	-76.90	-19.13	-7.42	-10.63

Last Updated: July 11, 2024, 9:37 am

Reliance Infrastructure Ltd Quarterly Chart

Reliance Infrastructure Ltd Profit & Loss

Last Updated: July 10, 2024, 7:56 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	24,216	22,485	19,151	16,185	26,952	25,229	18,728	19,731	19,990	17,735	19,689	22,303	21,552
Expenses	21,484	19,506	16,340	14,389	22,435	20,455	15,545	24,242	18,607	17,471	17,832	20,972	20,387
Operating Profit	2,733	2,979	2,811	1,796	4,518	4,774	3,183	-4,511	1,383	264	1,857	1,331	1,165
OPM %	11%	13%	15%	11%	17%	19%	17%	-23%	7%	1%	9%	6%	5%
Other Income	801	1,421	1,260	2,768	2,563	3,438	4,281	7,206	3,221	6,754	830	45	-447
Interest	1,336	1,687	1,696	2,347	5,026	5,581	5,204	2,581	2,400	2,727	2,060	2,393	2,401
Depreciation	394	551	534	833	1,544	1,688	1,254	1,292	1,389	1,352	1,283	1,448	1,502
Profit before tax	1,804	2,161	1,841	1,384	511	943	1,006	-1,178	815	2,939	-656	-2,466	-3,185
Tax %	30%	9%	15%	5%	44%	-15%	-15%	20%	-6%	-6%	-3%	-0%
Net Profit	1,592	2,253	1,920	1,725	693	1,394	1,214	-2,323	908	3,116	-868	-2,564	-3,534
EPS in Rs	60.34	85.43	72.77	68.45	28.88	54.19	47.74	-92.28	29.32	42.79	-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:	2%
5 Years:	3%
3 Years:	9%
TTM:	2%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-1341%

Stock Price CAGR
10 Years:	-13%
5 Years:	31%
3 Years:	35%
1 Year:	12%

Return on Equity
10 Years:	4%
5 Years:	0%
3 Years:	-6%
Last Year:	-12%

Last Updated: July 24, 2024, 5:21 pm

Reliance Infrastructure Ltd Balance Sheet

Last Updated: July 10, 2024, 7:56 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	263	263	263	263	263	263	263	263	263	263	263	352	396
Reserves	23,981	25,858	26,328	26,711	21,389	23,084	23,417	13,913	9,529	10,597	12,007	8,942	9,206
Borrowings	18,290	21,976	24,289	25,770	30,550	25,814	25,441	17,772	17,147	13,907	12,718	11,510	10,821
Other Liabilities	18,874	18,399	18,048	18,103	48,567	49,121	50,711	36,247	37,921	37,226	37,415	40,096	42,011
Total Liabilities	61,408	66,496	68,928	70,847	100,769	98,282	99,832	68,194	64,861	61,994	62,403	60,899	62,434
Fixed Assets	11,220	11,316	10,301	17,697	32,887	36,567	39,393	24,948	23,253	19,505	19,002	19,756	19,279
CWIP	7,484	9,941	10,789	5,081	4,971	2,360	3,005	2,592	2,529	2,025	2,198	1,015	1,073
Investments	12,302	12,968	18,280	17,618	13,200	13,143	13,092	6,742	1,394	1,769	4,700	4,338	4,376
Other Assets	30,403	32,271	29,557	30,451	49,712	46,212	44,342	33,911	37,683	38,696	36,503	35,791	37,705
Total Assets	61,408	66,496	68,928	70,847	100,769	98,282	99,832	68,194	64,861	61,994	62,403	60,899	62,434

Reliance Infrastructure Ltd Reserves and Borrowings Chart

Reliance Infrastructure Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	2,636	4,412	3,290	10,296	8,678	8,153	684	2,875	1,436	3,799	3,458	4,097
Cash from Investing Activity	-7,696	-5,936	-1,726	-5,690	-75	-805	2,759	-808	18	-502	-1,333	415
Cash from Financing Activity	4,163	1,721	-1,707	-4,704	-8,452	-7,428	-3,334	-1,979	-1,531	-2,942	-2,242	-3,648
Net Cash Flow	-897	197	-143	-98	152	-80	109	87	-77	356	-117	865

Reliance Infrastructure Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	74	61	95	124	76	82	106	83	90	81	76	42
Inventory Days
Days Payable
Cash Conversion Cycle	74	61	95	124	76	82	106	83	90	81	76	42
Working Capital Days	74	79	78	110	-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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	4.98%	4.98%	4.98%	4.98%	4.98%	4.98%	4.56%	18.67%	18.65%	16.56%	16.50%	16.50%
FIIs	2.14%	1.32%	1.33%	1.43%	2.10%	3.05%	11.94%	12.30%	12.92%	12.14%	12.69%	11.77%
DIIs	5.06%	5.07%	5.06%	4.98%	4.99%	4.96%	3.84%	3.13%	3.06%	2.85%	2.64%	2.16%
Government	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	87.62%	88.43%	88.43%	88.42%	87.74%	86.81%	79.49%	65.74%	65.22%	68.33%	68.03%	69.42%
Others	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.16%	0.13%	0.13%	0.11%	0.11%	0.11%
No. of Shareholders	8,41,244	8,08,800	7,66,503	7,68,871	7,64,176	7,62,545	7,26,465	7,15,006	7,06,968	6,94,313	6,59,168	6,65,729

Reliance Infrastructure Ltd Shareholding Pattern Chart

No. of Reliance Infrastructure Ltd Shareholders

Reliance Infrastructure Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	289,385	0.96	5.49	289,385	2024-07-24	0%
Groww Nifty Total Market Index Fund	730	0.03	0.01	289,385	2024-07-24	-99.75%

Reliance Infrastructure Ltd ROCE Trend

Reliance Infrastructure Ltd EPS Trend

Reliance Infrastructure Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-42.66	-112.98	-35.68	-20.24	29.32
Diluted EPS (Rs.)	-42.66	-112.98	-35.68	-20.24	29.32
Cash EPS (Rs.)	21.64	-29.12	22.98	45.92	85.62
Book Value[Excl.RevalReserv]/Share (Rs.)	349.84	396.59	626.97	432.84	441.84
Book Value[Incl.RevalReserv]/Share (Rs.)	349.84	396.59	626.97	432.84	441.84
Revenue From Operations / Share (Rs.)	557.06	586.83	699.96	635.08	712.03
PBDIT / Share (Rs.)	63.20	49.29	96.91	127.08	126.34
PBIT / Share (Rs.)	25.26	8.12	48.12	75.68	73.62
PBT / Share (Rs.)	-15.26	-70.08	-24.95	-11.84	31.09
Net Profit / Share (Rs.)	-16.30	-70.29	-25.81	-5.49	32.91
NP After MI And SOA / Share (Rs.)	-40.61	-91.56	-35.68	-20.24	29.32
PBDIT Margin (%)	11.34	8.39	13.84	20.01	17.74
PBIT Margin (%)	4.53	1.38	6.87	11.91	10.33
PBT Margin (%)	-2.73	-11.94	-3.56	-1.86	4.36
Net Profit Margin (%)	-2.92	-11.97	-3.68	-0.86	4.62
NP After MI And SOA Margin (%)	-7.28	-15.60	-5.09	-3.18	4.11
Return on Networth / Equity (%)	-18.39	-34.66	-7.46	-5.78	7.87
Return on Capital Employeed (%)	4.30	1.12	4.39	8.15	6.43
Return On Assets (%)	-2.71	-5.28	-1.49	-0.85	1.18
Long Term Debt / Equity (X)	0.36	0.47	0.43	0.70	1.20
Total Debt / Equity (X)	1.11	1.23	1.01	0.95	1.46
Asset Turnover Ratio (%)	0.36	0.33	0.03	0.03	0.02
Current Ratio (X)	1.03	1.01	1.06	1.01	1.06
Quick Ratio (X)	1.02	1.01	1.06	1.01	1.06
Dividend Payout Ratio (NP) (%)	-0.54	-0.24	-0.89	0.00	0.62
Dividend Payout Ratio (CP) (%)	-8.33	-0.45	2.43	0.00	0.22
Earning Retention Ratio (%)	100.54	100.24	100.89	0.00	99.38
Cash Earning Retention Ratio (%)	108.33	100.45	97.57	0.00	99.78
Interest Coverage Ratio (X)	1.08	0.72	1.24	0.68	1.39
Interest Coverage Ratio (Post Tax) (X)	0.41	0.11	0.60	0.44	0.82
Enterprise Value (Cr.)	23415.98	19802.32	18294.69	10957.62	14935.16
EV / Net Operating Revenue (X)	1.06	0.95	0.99	0.65	0.79
EV / EBITDA (X)	9.35	11.42	7.18	3.28	4.49
MarketCap / Net Operating Revenue (X)	0.48	0.24	0.16	0.05	0.01
Retention Ratios (%)	100.54	100.24	100.89	0.00	99.37
Price / BV (X)	1.22	0.54	0.23	0.10	0.02
Price / Net Operating Revenue (X)	0.48	0.24	0.16	0.05	0.01
EarningsYield	-0.15	-0.63	-0.31	-0.57	2.90

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: 392.23

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: 106.44% compared to the current price 190

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

Intrinsic Value: 145.09

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: 23.64% compared to the current price 190

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

Strength	Weakness
The stock has a low average Working Capital Days of -120.08, which is a positive sign. The company has shown consistent growth in sales (20.54 cr) and profit (124.23 cr) over the years.	The stock has a low average ROCE of 10.17%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 82.50, which may not be favorable. The company has higher borrowings (19,732.42) compared to reserves (17,510.50), 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 ₹392.23.

What is the Market Cap of Reliance Infrastructure Ltd?

The Market Cap of Reliance Infrastructure Ltd is 7,546 Cr..

What is the current Stock Price of Reliance Infrastructure Ltd as on 27 July 2024?

The current stock price of Reliance Infrastructure Ltd as on 27 July 2024 is 190.

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 308/144.

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 221.

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 7.38 %.

What is the ROE of Reliance Infrastructure Ltd?

The ROE of Reliance Infrastructure Ltd is 11.6 %.

What is the Face Value of Reliance Infrastructure Ltd?

The Face Value of Reliance Infrastructure Ltd is 10.0.