Reliance Infrastructu Ltd
NSE: RELINFRA · Integrated Power Utilities · sector
₹48.49NSE close 2026-10-26
Key numbers
Market cap₹1,982 cr
Price₹48.49
52w high / low₹237 / ₹43
P/E0.6xSector median 25.1x
P/B0.1xSector median 2.7x
Book value₹437.3
Dividend yield1.10%Sector median 1.43%
ROE19.9%Sector median 12.7%
ROCE9.0%Sector median 10.2%
OPM14.9%Sector median 19.2%
Debt / equity0.27xSector median 0.82x
EV/EBITDA1.4xSector median 12.5x
Interest cover1.2x
Current ratio0.17x
Sales growth 3y-0.3%Sector median +4.2%
Profit growth 3y–Sector median +4.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Integrated Power Utilities (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,352 cr vs borrowings ₹4,804 cr (FY26): borrowings are higher by ₹2,452 cr.
- Borrowings fell in each of the last 3 years (₹11,448 cr → ₹4,804 cr).
- Operating profit covered interest 1.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 11% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹48.49 on 2026-10-26: -79.5% from the 52-week high, +13.9% 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 ₹406.40 · low ₹46.12
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,258 | 5,033 | 4,108 | 5,908 | 6,235 | 4,297 | 4,001 | 6,344 |
| EBITDA | 5,292 | -2,175 | 529 | 223 | 3,284 | 1,056 | -1,217 | -13 |
| OPM % | 72.9% | -43.2% | 12.9% | 3.8% | 52.7% | 24.6% | -30.4% | -0.2% |
| Other income | 87 | 97 | 160 | 128 | 75 | 66 | 153 | 64 |
| Net profit | 4,083 | -3,298 | 4,387 | 60 | 1,911 | 11 | 918 | 372 |
| EPS (₹) | 103.06 | -83.26 | 110.75 | 2.20 | 47.37 | 0.27 | 22.47 | 9.10 |
| Revenue YoY | -14.1% | -14.6% | -2.6% | +7.4% | ||||
| Profit YoY | -53.2% | – | -79.1% | +521.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 18,411 | 20,646 | 22,067 | 23,592 | 20,441 | 20,877 |
| EBITDA | 1,828 | -1,173 | 2,041 | 4,856 | 2,037 | 3,110 |
| Net profit | -938 | -3,221 | -1,148 | 4,938 | 2,900 | 3,212 |
| EPS (₹) | -35.68 | -112.98 | -42.66 | 124.64 | 71.44 | 79.21 |
| Revenue growth | +12.1% | +6.9% | +6.9% | -13.4% | -6.4% | |
| Profit growth | – | – | – | -41.3% | -38.6% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.3% | +4.1% | -6.4% |
| Net profit | – | – | -38.6% |
| EPS | – | – | – |
| Share price | – | -55.5% (2y) | -77.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 9,294 | 8,747 | 14,430 | 17,873 |
| Borrowings | – | 11,448 | 9,671 | 6,293 | 4,804 |
| Cash & equivalents | – | 1,910 | 3,252 | 2,881 | 2,352 |
| Total assets | – | 60,993 | 59,181 | 65,841 | 71,160 |
| Fixed assets | – | 9,048 | 8,922 | 9,485 | 10,177 |
| Capital work in progress | – | 911 | 1,018 | 991 | 842 |
| Investments | – | 3,804 | 2,858 | 8,650 | 10,171 |
| Receivables | – | 2,560 | 1,702 | 1,532 | 1,182 |
| Inventory | – | 81 | 103 | 179 | 152 |
| Payables | – | 17,534 | 17,986 | 17,033 | 17,232 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2,980 | 3,458 | 4,097 | 3,657 | 2,362 |
| Cash from investing | -502 | -1,333 | 415 | -1,731 | -1,273 |
| Cash from financing | -2,122 | -2,242 | -3,648 | -1,252 | -1,775 |
| Capex | 810 | 1,343 | 1,027 | 1,465 | 1,693 |
| Free cash flow | 2,170 | 2,115 | 3,070 | 2,192 | 669 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -34.7% | -13.1% | 34.2% | 16.2% |
| ROCE % | – | -10.2% | 5.4% | 18.5% | 4.4% |
| Debtor days | – | 45 | 28 | 24 | 21 |
| Inventory days | – | 2 | 540 | 317 | 144 |
| Payable days | – | 424 | 94,039 | 30,201 | 16,321 |
| Cash conversion cycle (days) | – | -377 | -93,471 | -29,860 | -16,156 |
| Working capital days | – | -392 | -369 | -367 | -451 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 19.05% |
| FIIs | 4.84% |
| DIIs | 10.71% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.58% |
| Government | 0.01% |
| Public (non-institutions) | 65.28% |
| Quarter | Mar 2025 | Jun 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 16.50% | 19.05% | 19.05% | 19.05% | 19.05% | 19.05% | 19.05% | 19.05% |
| Promoter group | % |
|---|---|
| Risee Infinity Private Limited | 18.87% |
| Smt.kokila D. Ambani | 0.07% |
| Shri Anil D. Ambani | 0.03% |
| Tina A Ambani | 0.03% |
| JAI Anmol A Ambani | 0.03% |
| Reliance Project Ventures and Management Private Limited | 0.02% |
| JAI Anshul A Ambani | 0.00% |
| Reliance BIG Private Limited | 0.00% |
| Reliance Innoventures Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Authum Investment & Infrastructure Limited | 10.07% |
| Mathew Cyriac | 1.91% |
| Elimath Advisors Private Limited | 1.57% |
| Vanguard Total International Stock Index Fund | 1.11% |
| Ketan Mohanlal Kakrecha | 1.10% |
| Vanguard Emerging Markets Stock Index Fund, A Seri | 1.09% |
| Universal Trustees Private Limited | 1.05% |
6,51,045 shareholders. Pledged: 0.00% of promoter shares.
Peers in Integrated Power Utilities
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | ₹3,59,756 cr | 25.2x | 5.5x | 23.5% | 17.7% | 37.4% | +11.8% | – |
| TATAPOWER | ₹1,08,171 cr | 28.0x | 2.7x | 10.3% | 8.8% | 20.3% | +4.2% | 1.03% |
| TORNTPOWER | ₹58,331 cr | 25.1x | 3.1x | 12.7% | 13.0% | 19.2% | +4.1% | 1.75% |
| CESC | ₹16,592 cr | 10.7x | 1.3x | 12.6% | 10.2% | 18.4% | +9.2% | 4.84% |
| RELINFRA | ₹1,982 cr | 0.6x | 0.1x | 19.9% | 9.0% | 14.9% | -0.3% | 1.10% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Power Business | ₹23,254 cr | 91.5% | ₹6,388 cr | 27.5% |
| Infrastructure Business | ₹1,429 cr | 5.6% | ₹145 cr | 10.1% |
| Others | ₹485 cr | 1.9% | ₹41 cr | 8.5% |
| Engineering and Construction Business | ₹237 cr | 0.9% | ₹3 cr | 1.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2018-09-12 | Dividend | Annual General Meeting/Dividend Rs 9.50 Per Share |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Rs 9/- Per Share |
| 2016-09-15 | Dividend | Annual General Meeting/Dividend - Rs 8.50 Per Share |
| 2015-09-16 | Dividend | Annual General Meeting/ Dividend - Rs 8/- Per Share |
| 2014-09-18 | Dividend | Annual General Meeting And Dividend Rs.7.50 Per Share |
| 2013-08-14 | Dividend | Annual General Meeting/Dividend Rs 7.4/- Per Share |
| 2012-08-23 | Dividend | Annual General Meeting / Dividend Rs 7.30 Per Share |
| 2011-09-15 | Dividend | Annual General Meeting And Dividend Rs.7.20 Per Share |
| 2010-12-14 | Other | Annual General Meeting |
| 2010-05-19 | Dividend | Interim Dividend-Rs.7.10 Per Share (Purpose Revised) |
| 2009-07-02 | Dividend | Dividend-Rs.7/- Per Share |
| 2008-07-04 | Dividend | Agm/Dividend - 63% |
| 2007-06-28 | Other | Agm/Div-Rs.5.30 Per Sh |
| 2006-05-25 | Other | Agm/Fin Div-Rs3.80 Per Sh |
| 2005-05-30 | Dividend | Dividend-14% |
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
- Power Distribution Business: Electric Power Generation, Transmission and Distribution
| Sector | Utilities |
| Industry | Integrated Power Utilities |
| Sub-industry | Integrated Power Utilities |
| Symbol | RELINFRA |
| BSE code | 500390 |
| ISIN | INE036A01016 |
| Face value | ₹10.0 |
| Incorporated | 1929-10-01 |
| Website | www.rinfra.com |
| Plants (India / abroad) | 2,556 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.