Reliance Industries Ltd
NSE: RELIANCE · Refineries & Marketing · sector
₹1,201.80NSE close 2026-10-26
Key numbers
Market cap₹16,26,396 cr
Price₹1,201.80
52w high / low₹1,612 / ₹1,152
P/E21.8xSector median 9.7x
P/B1.8xSector median 1.9x
Book value₹668.0
Dividend yield0.48%Sector median 2.19%
ROE8.6%Sector median 16.6%
ROCE11.3%Sector median 14.3%
OPM16.1%Sector median 7.6%
Debt / equity0.41xSector median 0.39x
EV/EBITDA9.6xSector median 9.3x
Interest cover5.1x
Current ratio1.10x
Sales growth 3y+6.4%Sector median -2.3%
Profit growth 3y+6.6%Sector median +6.6%
PEG3.30x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Refineries & Marketing (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,43,408 cr vs borrowings ₹3,74,421 cr (FY26): borrowings are higher by ₹1,31,013 cr.
- Borrowings rose in each of the last 3 years (₹3,14,708 cr → ₹3,74,421 cr).
- Operating profit covered interest 5.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,201.80 on 2026-10-26: -25.4% from the 52-week high, +4.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,986.75 · low ₹1,167.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,35,481 | 2,43,865 | 2,64,573 | 2,48,660 | 2,58,898 | 2,69,496 | 2,98,621 | 3,11,850 |
| EBITDA | 39,058 | 43,789 | 43,832 | 42,905 | 45,885 | 46,018 | 44,141 | 47,517 |
| OPM % | 16.6% | 18.0% | 16.6% | 17.3% | 17.7% | 17.1% | 14.8% | 15.2% |
| Other income | 4,876 | 4,214 | 4,905 | 15,119 | 4,482 | 4,914 | 4,447 | 6,550 |
| Net profit | 16,563 | 18,540 | 19,407 | 26,994 | 18,165 | 18,645 | 16,971 | 20,946 |
| EPS (₹) | 12.24 | 13.70 | 14.34 | 19.95 | 13.42 | 13.78 | 12.54 | 15.48 |
| Revenue YoY | +9.9% | +10.5% | +12.9% | +25.4% | ||||
| Profit YoY | +9.7% | +0.6% | -12.6% | -22.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,45,375 | 8,92,944 | 9,14,472 | 9,80,136 | 10,75,675 | 11,38,865 |
| EBITDA | 52,313 | 1,42,908 | 1,62,233 | 1,65,444 | 1,78,949 | 1,83,561 |
| Net profit | 39,084 | 66,702 | 69,621 | 69,648 | 80,775 | 74,727 |
| EPS (₹) | 29.62 | 49.30 | 51.45 | 51.47 | 59.69 | 55.22 |
| Revenue growth | +100.5% | +2.4% | +7.2% | +9.7% | +14.7% | |
| Profit growth | +70.7% | +4.4% | +0.0% | +16.0% | -8.3% | |
| Dividend / share (₹) | 7.00 | 8.00 | 9.00 | 10.00 | 5.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.4% | +17.2% | +14.7% |
| Net profit | +6.6% | +10.5% | -8.3% |
| EPS | +6.6% | +9.3% | – |
| Share price | – | -6.0% (2y) | -17.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 8,21,153 | 7,93,481 | 8,43,200 | 9,04,030 |
| Borrowings | – | 3,14,708 | 3,24,622 | 3,47,530 | 3,74,421 |
| Cash & equivalents | – | 2,03,427 | 2,03,395 | 2,25,211 | 2,43,408 |
| Total assets | – | 17,13,506 | 17,55,986 | 19,50,121 | 21,78,140 |
| Fixed assets | – | 5,70,543 | 6,06,084 | 6,83,102 | 7,51,087 |
| Capital work in progress | – | 1,17,259 | 1,52,382 | 1,69,710 | 1,92,287 |
| Investments | – | 2,07,914 | 1,19,502 | 1,23,672 | 1,50,901 |
| Receivables | – | 28,451 | 31,628 | 42,121 | 58,491 |
| Inventory | – | 1,40,008 | 1,52,770 | 1,46,062 | 1,66,941 |
| Payables | – | 1,47,178 | 1,78,377 | 1,86,789 | 1,58,842 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 67,491 | 1,15,032 | 1,58,788 | 1,78,703 | 1,92,113 |
| Cash from investing | -45,315 | -91,235 | -1,14,301 | -1,37,535 | -1,01,089 |
| Cash from financing | -6,035 | 10,455 | -16,646 | -31,891 | -51,549 |
| Capex | 18,154 | 1,40,988 | 1,52,883 | 1,39,967 | 1,22,916 |
| Free cash flow | 49,337 | -25,956 | 5,905 | 38,736 | 69,197 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.1% | 8.8% | 8.3% | 8.9% |
| ROCE % | – | 10.1% | 11.4% | 10.9% | 11.8% |
| Debtor days | – | 12 | 13 | 16 | 20 |
| Inventory days | – | 87 | 95 | 85 | 88 |
| Payable days | – | 91 | 111 | 108 | 84 |
| Cash conversion cycle (days) | – | 8 | -3 | -7 | 24 |
| Working capital days | – | 19 | 29 | 17 | 18 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.44% |
| FIIs | 16.67% |
| DIIs | 21.72% |
| of which Mutual funds | 10.31% |
| of which Insurance | 9.47% |
| Government | 0.10% |
| Public (non-institutions) | 11.07% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.13% | 50.11% | 50.07% | 50.01% | 50.01% | 50.00% | 50.48% | 50.44% |
| Promoter group | % |
|---|---|
| Srichakra Commercials LLP | 11.11% |
| Devarshi Commercials LLP | 8.20% |
| Karuna Commercials LLP | 8.20% |
| Tattvam Enterprises LLP | 8.20% |
| Reliance Industries Holding Private Ltd | 4.57% |
| Reliance Industrial Investments and Holdings Limited | 3.62% |
| Reliance Services and Holdings Limited | 2.58% |
| Samarjit Enterprises LLP | 1.87% |
| Sikka Ports & Terminals Limited | 0.53% |
| K D Ambani | 0.24% |
| Shreeji Comtrade LLP | 0.22% |
| Shrikrishna Tradecom LLP | 0.22% |
| Svar Enterprises LLP | 0.20% |
| Mukesh D Ambani | 0.12% |
| Nita M Ambani | 0.12% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 7.11% |
| SBI Mutual Funds | 2.54% |
| ICICI Prudential Mutual Funds | 1.85% |
| NPS Trust | 1.62% |
50,72,457 shareholders. Pledged: 0.00% of promoter shares.
Peers in Refineries & Marketing
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| RELIANCE | ₹16,26,396 cr | 21.8x | 1.8x | 8.6% | 11.3% | 16.1% | +6.4% | 0.48% |
| IOC | ₹1,84,776 cr | 5.3x | 0.8x | 16.6% | 15.2% | 7.1% | -1.8% | 7.42% |
| BPCL | ₹1,24,076 cr | 7.2x | 1.2x | 18.9% | 17.2% | 5.2% | -0.7% | 7.68% |
| HINDPETRO | ₹73,080 cr | 43.8x | 1.1x | 2.9% | 1.4% | 1.4% | +0.9% | 4.51% |
| MRPL | ₹32,004 cr | 7.2x | 1.9x | 29.1% | 31.0% | 7.0% | -5.5% | 2.19% |
| CHENNPETRO | ₹22,655 cr | 5.4x | 2.0x | 43.2% | 43.4% | 7.0% | -4.7% | 0.85% |
| SANINFRA | ₹648 cr | 29.0x | 16.8x | 8.2% | 10.0% | 8.1% | -10.1% | – |
| RAJSEC | ₹463 cr | 3.7x | 4.0x | 87.1% | 77.8% | 37.3% | – | – |
| KOTYARK | ₹370 cr | 19.7x | 2.0x | 12.0% | 14.3% | 15.2% | – | 0.09% |
| RESGEN | ₹99 cr | 9.7x | 2.4x | 25.1% | 30.4% | 19.0% | +44.5% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Oil to Chemicals (O2C) | ₹6,62,401 cr | 50.4% | ₹50,758 cr | 7.7% |
| Retail | ₹3,71,085 cr | 28.2% | ₹20,817 cr | 5.6% |
| Digital Services | ₹1,76,164 cr | 13.4% | ₹48,211 cr | 27.4% |
| Others | ₹80,522 cr | 6.1% | ₹3,448 cr | 4.3% |
| Oil and Gas | ₹23,861 cr | 1.8% | ₹13,464 cr | 56.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-05 | Dividend | Dividend - Rs 6 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 5.5 Per Share |
| 2024-10-28 | Bonus | Bonus 1:1 |
| 2024-08-19 | Dividend | Dividend - Rs 10 Per Share |
| 2023-08-21 | Dividend | Dividend - Rs 9 Per Share |
| 2023-07-20 | Restructuring | Demerger |
| 2022-08-18 | Dividend | Dividend - Rs 8 Per Share |
| 2021-06-11 | Dividend | Dividend - Rs 7 Per Share |
| 2020-07-02 | Dividend | Dividend - Rs 6.50 Per Share |
| 2020-05-13 | Rights | Rights 1:15 @ Premium Rs 1247 |
| 2019-08-02 | Dividend | Annual General Meeting/Dividend - Rs 6.50 Per Share |
| 2018-06-27 | Dividend | Dividend- Rs 6 Per Share |
| 2017-09-07 | Bonus | Bonus 1:1 |
| 2017-07-13 | Dividend | Dividend - Rs 11/- Per Share |
| 2016-03-17 | Dividend | Interim Dividend - Rs 10.50/- Per Share (Purpose Revised) |
| 2015-05-08 | Dividend | Dividend - Rs 10/- Per Share |
| 2014-05-16 | Dividend | Dividend Rs. 9.50 Per Equity Share |
| 2013-05-10 | Dividend | Annual General Meeting/ Dividend Rs. 9 Per Equity Share |
| 2012-05-31 | Dividend | Annual General Meeting And Dividend Rs.8.50 Per Share |
| 2011-05-05 | Dividend | Dividend-Rs.8/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Oil to chemicals (Products): The O2C business offers a broad portfolio spanning fuels (including transport fuels and petrochemical feedstocks, among others), polymers, polyesters and elastomers
- Oil & Gas - Exploration & Production (Products): The E&P business is engaged in activities of exploration, development and production of hydrocarbons in India
| Sector | Energy |
| Industry | Refineries & Marketing |
| Sub-industry | Refineries & Marketing |
| Symbol | RELIANCE |
| BSE code | 500325 |
| ISIN | INE002A01018 |
| Face value | ₹10.0 |
| Incorporated | 1973-05-08 |
| Website | www.ril.com |
| Plants (India / abroad) | 15 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.