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RELIANCE INDUSTRIES LTD |
Market Closed -
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 2,394.30 INR | +0.71% | +0.02% | -6.00% | |
| Nov. 30 | SMCP Shares Jump After Entry Into Indian Market | DJ |
| Nov. 22 | Gains in Domestic Major Companies Push Indian Equities to Close Higher on Wednesday | MT |
Valuation
| Fiscal Period : March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8 078 441 | 6 600 576 | 12 718 171 | 16 745 613 | 14 808 378 | 15 211 668 | - | - |
| Enterprise Value (EV) 1 | 10 722 741 | 9 205 546 | 14 781 841 | 19 046 883 | 17 208 378 | 17 970 350 | 17 988 876 | 17 816 192 |
| P/E ratio | 20,4x | 17,5x | 26,6x | 29,0x | 23,6x | 22,4x | 19,4x | 17,4x |
| Yield | 0,48% | 0,58% | 0,35% | 0,30% | 0,39% | 0,37% | 0,40% | 0,44% |
| Capitalization / Revenue | 1,42x | 1,11x | 2,72x | 2,39x | 1,68x | 1,62x | 1,50x | 1,40x |
| EV / Revenue | 1,89x | 1,54x | 3,17x | 2,72x | 1,96x | 1,91x | 1,77x | 1,64x |
| EV / EBITDA | 12,8x | 10,4x | 18,3x | 17,2x | 12,0x | 11,2x | 9,94x | 8,95x |
| EV / FCF | -22,4x | 42,7x | -18,6x | 181x | -66,3x | 163x | 71,0x | 43,0x |
| FCF Yield | -4,47% | 2,34% | -5,39% | 0,55% | -1,51% | 0,61% | 1,41% | 2,33% |
| Price to Book | 2,09x | 1,56x | 1,84x | 2,29x | 1,92x | 1,92x | 1,77x | 1,63x |
| Nbr of stocks (in thousands) | 5 925 869 | 5 926 443 | 6 349 244 | 6 355 674 | 6 352 664 | 6 353 284 | - | - |
| Reference price 2 | 1 363 | 1 114 | 2 003 | 2 635 | 2 331 | 2 394 | 2 394 | 2 394 |
| Announcement Date | 04/18/19 | 04/30/20 | 04/30/21 | 05/06/22 | 04/21/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5 671 350 | 5 967 430 | 4 669 240 | 6 999 620 | 8 794 680 | 9 416 004 | 10 168 512 | 10 892 387 |
| EBITDA 1 | 840 210 | 882 170 | 807 370 | 1 104 600 | 1 429 080 | 1 608 438 | 1 810 022 | 1 991 575 |
| EBIT 1 | 630 870 | 660 140 | 541 650 | 806 630 | 1 025 890 | 1 142 388 | 1 303 957 | 1 443 839 |
| Operating Margin | 11,1% | 11,1% | 11,6% | 11,5% | 11,7% | 12,1% | 12,8% | 13,3% |
| Earnings before Tax (EBT) 1 | 552 270 | 536 060 | 554 610 | 841 420 | 948 010 | 1 064 004 | 1 229 716 | 1 389 883 |
| Net income 1 | 395 880 | 393 540 | 491 280 | 607 050 | 667 020 | 723 528 | 838 681 | 940 654 |
| Net margin | 6,98% | 6,59% | 10,5% | 8,67% | 7,58% | 7,68% | 8,25% | 8,64% |
| EPS 2 | 66,8 | 63,5 | 75,2 | 90,9 | 98,6 | 107 | 124 | 138 |
| Free Cash Flow 1 | -478 900 | 215 570 | -796 520 | 105 090 | -259 560 | 109 951 | 253 366 | 414 433 |
| FCF margin | -8,44% | 3,61% | -17,1% | 1,50% | -2,95% | 1,17% | 2,49% | 3,80% |
| FCF Conversion (EBITDA) | - | 24,4% | - | 9,51% | - | 6,84% | 14,0% | 20,8% |
| FCF Conversion (Net income) | - | 54,8% | - | 17,3% | - | 15,2% | 30,2% | 44,1% |
| Dividend per Share 2 | 6,50 | 6,50 | 7,00 | 8,00 | 9,00 | 8,95 | 9,69 | 10,4 |
| Announcement Date | 04/18/19 | 04/30/20 | 04/30/21 | 05/06/22 | 04/21/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : March | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1 994 890 | 1 178 600 | 1 495 750 | 1 399 490 | 1 676 110 | 1 850 270 | 2 073 750 | 2 193 040 | 2 300 550 | 2 171 640 | 2 129 450 | 2 075 590 | 2 239 647 | 2 392 500 | 2 476 500 |
| EBITDA 1 | 358 200 | 215 660 | 233 510 | 233 680 | 260 200 | 297 060 | 313 660 | 379 970 | 312 240 | 352 470 | 384 400 | 380 930 | 402 820 | 413 000 | 421 000 |
| EBIT 1 | - | 149 010 | 163 780 | 164 850 | 187 900 | 220 230 | 233 650 | 290 510 | 214 940 | 250 600 | 269 840 | 263 180 | 284 981 | 295 389 | 320 935 |
| Operating Margin | - | 12,6% | 10,9% | 11,8% | 11,2% | 11,9% | 11,3% | 13,2% | 9,34% | 11,5% | 12,7% | 12,7% | 12,7% | 12,3% | 13,0% |
| Earnings before Tax (EBT) 1 | - | 149 820 | 163 820 | 172 700 | 192 340 | 252 270 | 224 110 | 272 360 | 203 790 | 230 720 | 241 140 | 243 700 | 261 832 | 273 500 | 286 000 |
| Net income 1 | 228 000 | 131 010 | 132 270 | 122 730 | 136 800 | 185 490 | 162 030 | 179 550 | 136 560 | 157 920 | 192 990 | 160 110 | 179 013 | 205 000 | 217 500 |
| Net margin | 11,4% | 11,1% | 8,84% | 8,77% | 8,16% | 10,0% | 7,81% | 8,19% | 5,94% | 7,27% | 9,06% | 7,71% | 7,99% | 8,57% | 8,78% |
| EPS 2 | 35,0 | 19,9 | 20,1 | 18,6 | 20,6 | 27,8 | 24,0 | 26,5 | 20,2 | 23,3 | 28,5 | 23,7 | 27,1 | 36,2 | 40,5 |
| Dividend per Share 2 | - | - | 7,00 | - | - | - | 8,00 | - | - | - | - | - | 2,38 | 2,38 | 2,38 |
| Announcement Date | 10/30/20 | 01/22/21 | 04/30/21 | 07/23/21 | 10/22/21 | 01/21/22 | 05/06/22 | 07/22/22 | 10/21/22 | 01/20/23 | 04/21/23 | 07/21/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period : March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2 644 300 | 2 604 970 | 2 063 670 | 2 301 270 | 2 400 000 | 2 758 682 | 2 777 208 | 2 604 524 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3,15x | 2,95x | 2,56x | 2,08x | 1,68x | 1,72x | 1,53x | 1,31x |
| Free Cash Flow 1 | -478 900 | 215 570 | -796 520 | 105 090 | -259 560 | 109 951 | 253 366 | 414 433 |
| ROE (net income / shareholders' equity) | 11,6% | 9,37% | 8,55% | 7,82% | 8,33% | 9,04% | 9,53% | 9,88% |
| Shareholders' equity 1 | 3 403 077 | 4 202 198 | 5 746 704 | 7 760 505 | 8 003 216 | 8 005 544 | 8 802 633 | 9 523 032 |
| ROA (Net income/ Total Assets) | 4,35% | 3,63% | 3,95% | 4,10% | 4,15% | 5,01% | 5,53% | 5,76% |
| Assets 1 | 9 093 791 | 10 841 621 | 12 435 579 | 14 794 911 | 16 065 803 | 14 440 241 | 15 162 586 | 16 320 168 |
| Book Value Per Share 2 | 653 | 715 | 1 086 | 1 152 | 1 214 | 1 245 | 1 355 | 1 466 |
| Cash Flow per Share 2 | 77,2 | 158 | 40,1 | 166 | 170 | 253 | 215 | 244 |
| Capex 1 | 936 260 | 765 170 | 1 058 370 | 1 001 450 | 1 409 880 | 1 352 053 | 1 238 182 | 1 156 113 |
| Capex / Sales | 16,5% | 12,8% | 22,7% | 14,3% | 16,0% | 14,4% | 12,2% | 10,6% |
| Announcement Date | 04/18/19 | 04/30/20 | 04/30/21 | 05/06/22 | 04/21/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
33
Last Close Price
2,394.30INR
Average target price
2,770.06INR
Spread / Average Target
+15.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.00% | 183 B $ | |
| +0.74% | 102 B $ | |
| +6.37% | 84 938 M $ | |
| +30.10% | 57 494 M $ | |
| +24.62% | 57 062 M $ | |
| -0.38% | 43 026 M $ | |
| +16.89% | 32 357 M $ | |
| -18.32% | 29 320 M $ | |
| +3.99% | 25 321 M $ | |
| -4.51% | 19 665 M $ |
- Stock
- Equities
- Stock Reliance Industries Ltd - NSE India Stock Exchange
- Financials Reliance Industries Ltd
