āagman

Not investment advice. Data and computed figures, for information only.

Reliance Industries Ltd

NSE: RELIANCEF&O
₹1,215.00
+₹40.40 (+3.44%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹15,83,713 Cr
CMP
₹1,215.00
52-wk High / Low
₹1,612 / 1,152
P/E
21.2
P/B
1.8
Book Value
₹668.0
Div Yield
0.51%
ROCE
10.0%
ROE
8.9%
Face Value
₹10
D/E
0.45

Price−12.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹947
√(22.5 × EPS × book value per share)
ROIC
7.2%
vs 9.7% sector median
Cash flow to profit
2.01
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−226
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.9%
ROE × earnings retention ratio
ROE stability
0.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.48FII −1.48DII +0.64
Latest quarter vs the previous one
Cash-accrual divergence
−4.7%
of assets
Low = accruals track cash flow
Strengths
+Annualised volatility of 21.4% is in the low band (≤25%)
Watch-outs
−Latest ROCE of 10% trails the sector median of 17.5%
−Borrowings are up 107.0% since FY2016 (194714 to 402962)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,07,5592,31,8862,25,0862,36,5332,31,7842,31,5352,39,9862,61,3882,43,6322,54,6232,64,9052,94,0593,09,468
Expenses1,69,4661,90,9181,84,4301,94,0171,93,0191,92,4771,96,1972,17,5562,00,7272,08,7382,18,8872,49,9182,61,951
Operating Profit38,09340,96840,65642,51638,76539,05843,78943,83242,90545,88546,01844,14147,517
OPM %18.4%17.7%18.1%18.0%16.7%16.9%18.2%16.8%17.6%18.0%17.4%15.0%15.4%
Other Income3,8133,8413,8694,5343,9834,8764,2144,90515,1194,4824,9144,4476,550
Interest5,8375,7315,7895,7615,9186,0176,1796,1557,0366,8276,6136,5858,337
Depreciation11,77512,58512,90313,56913,59612,88013,18113,47913,84214,41614,62214,80815,100
Profit before tax24,29426,49325,83327,72023,23425,03728,64329,10337,14629,12429,69727,19530,630
Net Profit18,25819,87819,64121,24317,44519,32321,93022,61130,78322,09222,29020,58923,196
EPS (₹)11.8312.8512.7614.0111.1912.2413.7014.3419.9513.4213.7812.5415.48

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,74,3722,72,5833,03,9543,90,8235,68,3375,96,6794,66,3076,94,6738,76,3968,99,0419,62,82010,55,78011,23,055
Expenses3,36,9232,30,8022,57,6473,26,5084,84,0875,07,4133,85,5175,86,0927,34,0787,36,5437,97,2228,76,7159,39,494
Operating Profit37,44941,78146,30764,31584,25089,26680,7901,08,5811,42,3181,62,4981,65,5981,79,0651,83,561
OPM %10.0%15.3%15.2%16.5%14.8%15.0%17.3%15.6%16.2%18.1%17.2%17.0%16.3%
Other Income8,52812,2129,2229,8698,4068,57022,43219,60012,02015,79217,82428,84620,393
Interest3,3163,6913,8498,05216,49522,02721,18914,58419,57123,11824,26927,06128,362
Depreciation11,54711,56511,64616,70620,93422,20326,57229,78240,30350,83253,13657,68858,946
Profit before tax31,11438,73740,03449,42655,22753,60655,46183,81594,4641,04,3401,06,0171,23,1621,16,646
Net Profit23,64029,86129,83336,08039,83739,88053,73967,84574,08879,02081,30995,75488,167
EPS (₹)17.0721.5121.5526.6929.2829.1038.7544.8749.2951.4551.4759.6955.22

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital2,9432,9482,9595,9225,9266,3396,4456,7656,7666,76613,53213,532—
Reserves2,15,5562,28,6082,60,7502,87,5843,81,1864,42,8276,93,7277,72,7207,09,1067,86,7158,29,6688,90,498—
Borrowings1,68,2511,94,7142,17,4752,39,8433,07,7143,55,1332,78,9623,19,1584,51,6643,50,7193,74,3134,02,962—
Other Liabilities1,17,7361,72,7272,25,6182,77,9243,02,8043,58,7163,40,9313,99,9794,38,3466,10,8487,32,2008,70,554—
Total Liabilities5,04,4865,98,9977,06,8028,11,2739,97,63011,63,01513,20,06514,98,62216,05,88217,55,04819,49,71321,77,546—
Fixed Assets1,56,4581,84,9101,98,5264,03,8853,98,3745,32,6585,41,2586,27,7987,24,8057,79,9859,99,39311,24,795—
CWIP1,66,4622,28,6973,24,8371,87,0221,79,4631,09,1061,25,9531,72,5062,93,7523,38,8552,62,3582,37,686—
Investments76,45184,01582,89982,8622,35,6352,76,7673,64,8283,94,2642,35,5602,25,6722,42,3812,48,332—
Other Assets1,05,1151,01,3751,00,5401,37,5041,84,1582,44,4842,88,0263,04,0543,51,7654,10,5364,45,5815,66,733—
Total Assets5,04,4865,98,9977,06,8028,11,2739,97,63011,63,01513,20,06514,98,62216,05,88217,55,04819,49,71321,77,546—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity43,26134,37438,13449,55071,45942,34694,87726,9581,10,6541,15,0321,58,7881,78,7031,92,113
Cash from Investing Activity−73,070−64,706−36,186−66,201−68,192−94,507−72,497−1,42,385−1,09,162−93,001−1,13,581−1,37,535−1,01,089
Cash from Financing Activity13,7138,444−3,2108,617−2,00155,906−2,5411,01,90417,28910,455−16,646−31,891−51,549
Net Cash Flow−16,096−21,888−1,262−8,0341,2663,74519,839−13,52318,78132,48628,5619,27739,475

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.09.010.010.011.012.011.08.08.09.010.010.010.0
ROE %————————————8.9
EPS (₹)16.3117.0721.5121.5526.6929.2829.1038.7544.8749.2951.4551.4759.69
Book Value (₹)————————————668.0
Face Value (₹)————————————10
P/E————————————21.2
Div Yield %————————————0.51
NPM %—6.210.59.59.06.96.611.09.58.38.68.38.8
OPM %8.010.015.015.016.015.015.017.016.016.018.017.017.0
D/E—0.770.840.820.820.790.790.400.410.630.440.440.45
P/B————————————1.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+15.0%
5 years+18.0%
3 years+6.0%
TTM+15.0%
Compounded profit growth
10 years+10.0%
5 years+12.0%
3 years+5.0%
TTM+0.0%
Stock price CAGR
10 years+17.0%
5 years−1.0%
3 years+0.0%
Last year−15.0%
Return on equity
10 years9.0%
5 years9.0%
3 years9.0%
Last year9.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters46.32%46.32%47.45%47.27%50.07%50.58%50.66%50.41%50.31%50.10%50.00%50.48%
FIIs22.58%22.58%24.46%24.39%24.08%25.66%24.23%22.49%22.06%19.07%18.67%17.19%
DIIs11.85%11.85%11.23%11.86%13.78%12.62%14.23%16.06%16.98%19.36%20.46%21.10%
Government0.14%0.14%0.15%0.18%0.20%0.20%0.17%0.16%0.19%0.17%0.17%0.17%
Public19.12%19.12%16.72%16.29%11.87%10.94%10.71%10.89%10.46%11.29%10.70%11.05%
No. of shareholders25,01,30225,01,30222,66,00022,11,23126,32,16830,31,27233,27,84736,39,39634,63,27647,65,72844,21,28946,51,863
Change since Jun 2023 (pp)
Promoters +4.16FIIs −5.39DIIs +9.25Public −8.07

Documents

As of 11 Oct 2026
Announcements
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.Announcement under Regulation 30 (LODR)-AllotmentClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingUpdate On Institutional Investors'' Meeting - Bofa Asia Pacific Conference 2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTApr 2026TranscriptApr 2026PPTJan 2026TranscriptJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 5 Jun 2026
5 Jun 2026DIVIDENDDividend - Rs 6 Per Share—
14 Aug 2025DIVIDENDDividend - Rs 5.5 Per Share—
28 Oct 2024BONUSBonus 1:1—
19 Aug 2024DIVIDENDDividend - Rs 10 Per Share—
21 Aug 2023DIVIDENDDividend - Rs 9 Per Share—
20 Jul 2023DEMERGERDemerger—
18 Aug 2022DIVIDENDDividend - Rs 8 Per Share—
11 Jun 2021DIVIDEND Dividend - Rs 7 Per Share—
2 Jul 2020DIVIDEND Dividend - Rs 6.50 Per Share—
13 May 2020RIGHTS Rights 1:15 @ Premium Rs 1247—
2 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 6.50 Per Share—
27 Jun 2018DIVIDEND Dividend- Rs 6 Per Share—
7 Sep 2017BONUS Bonus 1:1—
13 Jul 2017DIVIDEND Dividend - Rs 11/- Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 10.50/- Per Share (Purpose Revised)—
8 May 2015DIVIDENDDividend - Rs 10/- Per Share—
16 May 2014DIVIDENDDividend Rs. 9.50 Per Equity Share—
10 May 2013DIVIDENDAnnual General Meeting/ Dividend Rs. 9 Per Equity Share—
31 May 2012DIVIDENDAnnual General Meeting And Dividend Rs.8.50 Per Share—
5 May 2011DIVIDENDDividend-Rs.8/- Per Share—
10 May 2010DIVIDENDDividend Rs 7 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman