Financials Reliance Industries Ltd

Equities

RELIANCE

INE002A01018

Oil & Gas Refining and Marketing

Market Closed - NSE India S.E. 07:49:42 2025-07-11 am EDT 5-day change 1st Jan Change
1,495.20 INR -1.45% Intraday chart for Reliance Industries Ltd -1.49% +23.02%

Projected Income Statement: Reliance Industries Ltd

Forecast Balance Sheet: Reliance Industries Ltd

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 2,604,970 2,063,670 2,301,270 2,400,000 2,273,970 2,410,280 2,118,584 1,659,390
Change - -20.78% 11.51% 4.29% -5.25% 5.99% -11.65% -21.67%
Announcement Date 4/30/20 4/30/21 5/6/22 4/21/23 4/22/24 4/25/25 - -
1INR in Million
Estimates

Cash Flow Forecast: Reliance Industries Ltd

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 765,170 1,058,370 1,001,450 1,409,880 1,528,830 1,399,670 1,213,262 1,203,234
Change - 38.32% -5.38% 40.78% 8.44% -8.45% -3.4% -0.83%
Free Cash Flow (FCF) 1 215,570 -796,520 105,090 -259,560 59,050 387,360 463,073 627,711
Change - -469.49% 113.19% -346.99% 122.75% 555.99% 23.22% 35.55%
Announcement Date 4/30/20 4/30/21 5/6/22 4/21/23 4/22/24 4/25/25 - -
1INR in Million
Estimates

Forecast Financial Ratios: Reliance Industries Ltd

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 14.78% 17.29% 15.78% 16.25% 18% 17.15% 18.33% 18.99%
EBIT Margin (%) 11.06% 11.6% 11.52% 11.66% 12.36% 11.64% 12.49% 13.15%
EBT Margin (%) 8.98% 11.88% 12.02% 10.78% 11.62% 10.99% 11.99% 12.65%
Net margin (%) 6.59% 10.52% 8.67% 7.58% 7.73% 7.22% 7.89% 8.32%
FCF margin (%) 3.61% -17.06% 1.5% -2.95% 0.66% 4.02% 4.54% 5.71%
FCF / Net Income (%) 54.78% -162.13% 17.31% -38.91% 8.48% 55.62% 57.46% 68.66%

Profitability

        
ROA 3.63% 3.95% 4.1% 4.15% 4.14% 3.76% 5.21% 5.57%
ROE 9.37% 8.55% 7.82% 8.33% 9.23% 8.51% 8.82% 9.21%

Financial Health

        
Leverage (Debt/EBITDA) 2.95x 2.56x 2.08x 1.68x 1.4x 1.46x 1.13x 0.8x
Debt / Free cash flow 12.08x -2.59x 21.9x -9.25x 38.51x 6.22x 4.58x 2.64x

Capital Intensity

        
CAPEX / Current Assets (%) 12.82% 22.67% 14.31% 16.03% 16.97% 14.51% 11.88% 10.95%
CAPEX / EBITDA (%) 86.74% 131.09% 90.66% 98.66% 94.24% 84.6% 64.83% 57.69%
CAPEX / FCF (%) 354.95% -132.87% 952.95% -543.18% 2,589.04% 361.34% 262% 191.69%

Items per share

        
Cash flow per share 1 79.11 20.04 82.8 85.01 117.3 132.1 112.4 119.1
Change - -74.66% 313.11% 2.67% 38.03% 12.54% -0.59% 5.96%
Dividend per Share 1 3.25 3.5 4 4.5 5 5.5 5.674 6.644
Change - 7.69% 14.29% 12.5% 11.11% 10% 4.96% 17.1%
Book Value Per Share 1 357.6 543.2 576.1 606.8 586.4 623.1 687.6 745.2
Change - 51.91% 6.06% 5.33% -3.37% 6.27% 8.45% 8.38%
EPS 1 31.74 37.6 45.42 49.3 51.45 51.47 59.32 67.28
Change - 18.46% 20.8% 8.52% 4.37% 0.04% 13.42% 13.42%
Nbr of stocks (in thousands) 11,852,885 12,698,488 12,710,615 12,705,329 13,531,484 12,706,823 12,706,823 12,706,823
Announcement Date 4/30/20 4/30/21 5/6/22 4/21/23 4/22/24 4/25/25 - -
1INR
Estimates
2025 2026 *
P/E ratio 24.8x 25.2x
PBR 2.05x 2.17x
EV / Sales 1.93x 2.07x
Yield 0.43% 0.38%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
35
Last Close Price
1,495.20INR
Average target price
1,578.46INR
Spread / Average Target
+5.57%
Consensus

Quarterly revenue - Rate of surprise

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