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Reliance Industries

RELIANCE · NSE & BSE · Energy & Conglomerate · Oil & Gas, Retail, Telecom

Current price

₹2,980.00

+0.80%FY24 (illustrative)

Illustrative / demo price - not live.

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About the company

India's largest company by market cap, spanning energy, petrochemicals, retail, telecom (Jio) and new-energy ambitions.

Origin & history

Founded by Dhirubhai Ambani in 1966 as a textile maker, it transformed into a petrochemical and refining giant and later into a consumer and digital conglomerate.

Founded

1966

Headquarters

Mumbai

Business segments

Oil to Chemicals42.0%
Retail27.0%
Digital Services (Jio)25.0%
Other / New Energy6.0%

Competitive position (moat)

Scale in refining and petrochemicals, an entrenched telecom network, and distribution reach in retail.

Governance

Founder-family promoter control with a professional management layer; watch related-party transactions and capital allocation discipline.

Promoter holding

50.4%

Institutional holding

24.0%

Why it's interesting

A bellwether for the Indian economy: refining and petrochemicals fund the pivot into retail, telecom and green energy.

What to verify

  • Progress and capital spend on new-energy (solar, batteries, hydrogen) commitments
  • Jio and retail profitability as a share of group EBITDA
  • Net debt trajectory and free-cash-flow conversion

Key risks

  • Large capital expenditure with uncertain returns
  • Energy price and global demand cycles
  • Conglomerate complexity and related-party dealings

Valuation snapshot

Market cap

₹20.1 L cr

Total value of all shares: price multiplied by shares outstanding.

P/E

28.0

Price to earnings: how much you pay per rupee of profit.

P/B

2.6

Price to book: how the price compares to net asset value per share.

EV/EBITDA

15.0

Enterprise value to operating profit: a valuation that accounts for debt and cash.

Dividend yield

0.3%

Annual dividend per share as a percentage of the price.

Profitability

Revenue

₹9,00,000 cr

EBITDA

₹1,78,000 cr

Net income

₹79,000 cr

EPS

₹117.00

EBITDA margin

19.8%

Net margin

8.8%

ROE

9.5%

ROCE

11.0%

Revenue growth

8.0%

Balance sheet health

Debt/equity

0.5

Total debt divided by shareholders' equity: how leveraged the company is.

Cash

₹2,10,000 cr

Cash and equivalents on the balance sheet.

Interest coverage

5.2

How many times operating profit covers interest expense.

Dividends & returns

Dividend yield

0.3%

Dividend yield is the annual payout as a share of the price. A higher yield can signal a mature, cash-generative business - or a falling price. Check the payout history before reading too much into it.

Growth trend

Revenue growth

8.0%

Revenue growth shows how fast the top line is expanding. Pair it with margin trends to see whether growth is turning into profit.

Ownership

Promoter holding

50.4%

Share held by the founding family or group.

Institutional holding

24.0%

Share held by mutual funds, insurers and foreign institutions.

Placeholders - verify in the shareholding pattern.

Key catalysts

  • New-energy execution and capacity ramp-up
  • Retail and telecom margin expansion

Red flags

  • Elevated capital expenditure and leverage
  • Dependence on energy commodity cycles

52-week range

52-week low

₹2,220.00

Lowest price in the 52-week range.

52-week high

₹3,024.00

Highest price in the 52-week range.