Indian Equities Research
Detailed financials, valuation ratios, and 5-year trends for 1,000 Indian companies listed on NSE and BSE. Free fundamental analysis with key ratios, peer comparisons, and ARYA AI research reports.
Reliance Industries Ltd
Reliance Industries Limited engages in the hydrocarbon exploration and production, oil and chemicals, retail, and digital service businesses worldwide. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company offers refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulphur, and petroleum coke. It also provides polymers, including high-density and low-density polyethylene (PE), linear low-density PE, homopolymer, random and impact copolymer, and polyvinyl chloride; fibre intermediates, such as purified terephthalic acid, and ethylene glycols and oxide; aromatics, such as paraxylene, ortho xylene, benzene, and linear alkyl benzene and paraffin; and textiles comprising fabrics, apparel, and auto furnishings. In addition, the company offers elastomers, such as polybutadiene rubber, styrene butadiene rubber, and butyl rubber; fibre and yarn polyesters; and bioenergy solutions, consisting of compressed biogas, and pellets and briquettes. Further, it engages in oil and gas exploration and production activities; and operates various stores comprising supermarket, hypermarket, wholesale cash and carry, specialty, and online stores, as well as stores that offer apparel, beauty and cosmetics, accessories, footwear, consumer electronics, and others. Additionally, the company operates media and entertainment platforms, and Network18 and television channels; publishes magazines; and offers highway hospitality and fleet management services. It also provides digital services, including connectivity, fibre, mobile devices, apps, business, and other digital solutions. The company was founded in 1957 and is based in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ5.15 L Cr | β | βΉ35.26 K Cr | β | β | 6.5% | -3.1% | -16.1% |
| Mar 2024 | βΉ5.32 L Cr | β | βΉ42.04 K Cr | β | β | 8.2% | -1.1% | -4.9% |
| Mar 2023 | βΉ5.38 L Cr | β | βΉ44.19 K Cr | β | β | 9.2% | 27.3% | 13.1% |
| Mar 2022 | βΉ4.22 L Cr | β | βΉ39.08 K Cr | β | β | 8.3% | 72.4% | 22.4% |
| Mar 2021 | βΉ2.45 L Cr | β | βΉ31.94 K Cr | β | β | 6.7% | -27.1% | 3.4% |
| Mar 2020 | βΉ3.36 L Cr | β | βΉ30.90 K Cr | β | β | 7.9% | -9.3% | -12.1% |
| Mar 2019 | βΉ3.71 L Cr | β | βΉ35.16 K Cr | β | β | 8.7% | 28.2% | 4.6% |
| Mar 2018 | βΉ2.89 L Cr | β | βΉ33.61 K Cr | β | β | 10.7% | 20.2% | 7.0% |
| Mar 2017 | βΉ2.41 L Cr | β | βΉ31.43 K Cr | β | β | 10.9% | 3.8% | 14.8% |
| Mar 2016 | βΉ2.32 L Cr | β | βΉ27.38 K Cr | β | β | 10.8% | -29.3% | 20.5% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 389,178 | 328,013 | 231,743 | 240,597 | 289,188 | 370,744 | 336,097 | 245,050 | 422,413 | 537,909 | 531,908 | 515,425 | 500,019 |
| Total Expenses | 358,244 | 296,377 | 192,359 | 197,272 | 237,430 | 311,853 | 283,073 | 211,542 | 370,007 | 471,050 | 457,488 | 457,292 | 442,131 |
| EBIT / Operating Profit | 30,934 | 31,636 | 39,384 | 43,325 | 51,758 | 58,891 | 53,024 | 33,508 | 52,406 | 66,859 | 74,420 | 58,133 | 57,888 |
| OPM % | 8% | 10% | 17% | 18% | 18% | 16% | 16% | 14% | 12% | 12% | 14% | 11% | 12% |
| Other Income | 8,879 | 8,687 | 7,784 | 8,640 | 8,203 | 8,785 | 9,125 | 19,114 | 13,779 | 12,247 | 11,973 | 16,030 | 25,696 |
| Finance Costs | 3,206 | 2,367 | 2,562 | 2,723 | 4,656 | 9,751 | 12,105 | 16,211 | 9,123 | 12,633 | 13,430 | 10,054 | 8,393 |
| Depreciation & Amortisation | 8,789 | 8,488 | 8,590 | 8,465 | 9,580 | 10,558 | 9,728 | 9,199 | 10,276 | 11,167 | 17,690 | 17,981 | 17,525 |
| Profit Before Tax | 27,818 | 29,468 | 36,016 | 40,777 | 45,725 | 47,367 | 40,316 | 27,212 | 46,786 | 55,306 | 55,273 | 46,128 | 57,666 |
| Tax % | 21% | 23% | 24% | 23% | 26% | 26% | 23% | -17% | 16% | 20% | 24% | 24% | - |
| Net Profit / PAT | 21,984 | 22,719 | 27,384 | 31,425 | 33,612 | 35,163 | 30,903 | 31,944 | 39,084 | 44,190 | 42,042 | 35,262 | 46,971 |
| EPS (βΉ) | 15.94 | 16.46 | 19.81 | 22.65 | 24.87 | 26 | 22.85 | 25.19 | 28.89 | 32.66 | 31.07 | 26.06 | 34.71 |
| Dividend Payout % | 14% | 14% | 12% | 11% | 11% | 12% | 13% | 14% | 14% | 14% | 16% | 21% | - |
Peer Comparison
Energy sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Reliance Industries Ltdthis co. | βΉ19.66 L Cr | βΉ5.15 L Cr | 50.30 | 3.52 | 24.71 | -3.1% |
| NTPC Limited | βΉ3.28 L Cr | βΉ1.70 L Cr | 16.40 | 1.95 | 10.05 | 5.0% |
| Oil And Natural Gas Corporation Ltd | βΉ3.07 L Cr | βΉ1.34 L Cr | 9.42 | 0.91 | 4.12 | 3.2% |
| Adani Power Limited | βΉ2.77 L Cr | βΉ49.71 K Cr | 24.60 | 5.77 | 11.44 | 7.0% |
| Adani Enterprises Ltd. | βΉ2.49 L Cr | βΉ26.60 K Cr | 108.00 | 8.92 | 54.58 | -16.7% |
| POWER GRID CORPORATION OF INDIA LIMITED | βΉ2.41 L Cr | βΉ41.43 K Cr | 15.60 | 2.44 | 8.85 | -2.3% |
| Indian Oil Corporation Ltd. | βΉ2.22 L Cr | βΉ7.56 L Cr | 9.71 | 1.18 | 4.30 | -2.4% |
| Industry Average | β | βΉ57.17 K Cr | 54.29 | 4.27 | 53.34 | 35.1% |