Reliance Industries Limited

₹1,320As of Sun 8 Nov 2026, 12:00 UTC

NSE:RELIANCEEnergy

Country India

PE (Fwd) •••

TSR 10Y CAGR 19.26%

Div yield 0.45%

ROE 8.76%

Oil & Gas Refining & Marketing

Beta (5Y) 0.18

PE TTM 21.75

TSR TTM (10.78%)

Mkt cap ₹17.86T

ROIC 7.51%

SE Grade™

Value

Quality

Moat

Consensus

Reference

₹1,481

12.20%

97.57%

Hold 12|12|6|4|8

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

4,768

Revenue₹B

4,617

4,912

5,079

5,303

5,491

5,662

5,906

6,359

6,573

6,855

5,088

4.54%

4.61%

18.72

Revenue growth%

12.72

10.72

11.22

9.07

10.08

7.35

6.23

7.56

4.84

5.30

9.69

6.23

8.32

24.94

Gross margin%

18.51

16.38

19.18

17.53

15.22

17.60

15.72

14.25

12.13

10.21

21.52

14.25

16.05

29.36

Operating margin%

4.08

6.27

4.89

4.91

7.74

8.42

5.66

5.82

7.15

4.25

24.67

5.82

5.74

29.76

Net margin%

12.65

9.84

11.10

13.12

14.34

11.71

12.30

12.57

14.77

17.59

21.57

12.57

12.61

17.58

P/E ratio (avg)x

17.64

18.26

16.66

17.15

15.79

14.46

15.47

16.92

15.95

14.77

25.60

15.47

16.30

22.36

EV/EBITx

12.29

14.59

17.73

19.59

19.19

21.44

23.27

25.39

29.73

29.99

14.71

25.39

20.51

2.11

FCF yield (avg)%

24.78

25.17

24.06

25.03

27.63

25.64

25.94

27.05

27.51

25.97

2.83

25.97

25.79

6.47

FCF margin%

20.44

19.37

22.20

23.98

24.43

26.80

24.33

26.32

24.19

26.27

2.87

26.27

24.26

0.905

FCF / Net incomex

1.088

0.926

1.001

0.920

0.964

0.818

0.719

0.632

0.557

0.473

0.241

0.632

0.869

5.01

ROIC%

19.96

19.93

19.14

16.96

15.76

15.56

17.21

18.94

19.45

19.99

16.13

18.94

19.04

22.20

Return on equity%

7.42

6.00

7.71

7.59

10.46

8.60

10.73

12.03

9.60

8.86

7.25

9.60

8.73

8.30

Return on assets%

0.47

0.93

0.40

2.25

0.40

1.08

0.40

1.95

23.91

1.08

0.44

116.58

EPS₹

215.02

250.40

262.15

263.85

259.93

277.89

297.77

315.15

332.35

339.56

127.91

5.49%

5.55%

—

7.74

EPS growth%

12.85

12.88

10.32

12.64

13.34

12.15

13.71

14.26

15.07

12.38

7.64

13.71

12.86

154.24

Bookvalue per sh₹

90.84

85.70

81.88

87.68

93.57

94.66

91.61

105.07

99.24

102.88

75.60

1.91%

2.63%

—

146.72

FCF per share₹

79.40

73.48

81.23

81.83

72.52

79.70

79.72

77.66

85.18

89.38

192.53

4.27%

1.71%

—

103.82

Dividend per sh₹

125.83

129.75

113.93

103.79

90.77

85.31

89.91

88.12

76.36

75.45

108.31

(3.63%)

(6.33%)

—

17.13

Div yield (avg)%

24.27

24.66

23.63

24.15

25.95

25.87

23.43

20.45

23.03

22.22

5.44

23.03

23.89

9.02

Payout ratio%

1.14

0.40

1.00

0.40

1.29

3.33

5.45

28.50

1.29

0.70

13.86

Shares (diluted)B

23.84

24.58

29.47

31.16

35.90

36.51

43.12

48.56

56.85

60.09

13.87

10.85%

11.63%

27.92

Buyback yield%

26.11

24.04

23.22

22.09

20.55

20.04

19.26

21.45

18.81

18.49

26.07

19.26

21.00

1.199

D/E ratiox

2.694

2.991

3.238

3.148

3.570

3.835

4.273

4.756

4.438

4.564

1.213

4.438

3.703

665.8

Enterprise value₹B

10,306

10,048

11,240

11,049

12,721

14,433

15,623

18,856

18,679

18,986

1,878

8.34%

6.94%

345.5

LT debt₹B

1,150

1,153

1,226

1,195

1,097

1,025

933.0

912.6

920.7

1,009

3,175

(1.65%)

(0.54%)

Peers (US$190.2B)

Cap (US$)

Oil and Natural Gas…

31.05B

5.893x

Indian Oil Corporation…

21.45B

4.263x

Bharat Petroleum…

14.78B

8.648x

TotalEnergies SE

197.6B

8.964x

Capital

TTM

10Y

Leveragex

0.501

(0.053)

(0.171)

EBIT/Intx

0.191

1.454

1.193

Own earn%

46.07

133.05

120.43

Sh yield%

45.05

41.90

46.08

Owners

Insiders/Inst%

5.64

55.46

Short interest%

5.72

SBC / revenue%

2.86

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

4–8

$1 testx

0.0

Incr. ROIC%

Reliance Industries Limited operates worldwide across oil to chemicals, oil and gas, retail, digital services and other segments, selling refined fuels, polymers, fiber intermediates, aromatics, elastomers, polyesters, textiles and bioenergy products. It also runs supermarkets, hypermarkets, wholesale, specialty and online stores, media and television platforms, and provides connectivity, mobile and digital services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₹6.855T

4.61%

1.00×

Cost of revenue

₹3.470T

4.66%

1.00×

Operating expenses

₹1.252T

4.45%

0.98×