Reliance Communications Ltd
Incorporated in 2004, Reliance Communications Ltd own and operate IP enabled connectivity infrastructure comprising of fibre optic cable systems[1]
- Market Cap ₹ 357 Cr.
- Current Price ₹ 1.30
- High / Low ₹ 2.43 / 1.14
- Stock P/E
- Book Value ₹ -267
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -19.9% over past five years.
- Promoter holding is low: 0.77%
- Contingent liabilities of Rs.26,713 Cr.
- Promoter holding has decreased over last 3 years: -4.41%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,176 | 11,925 | 11,180 | 3,537 | 2,231 | 1,379 | 818 | 483 | 345 | 332 | 290 | 270 | 254 | |
| 9,359 | 10,269 | 9,053 | 5,211 | 14,900 | 10,944 | 30,722 | 603 | 481 | 404 | 352 | 334 | 391 | |
| Operating Profit | 1,817 | 1,656 | 2,127 | -1,674 | -12,669 | -9,565 | -29,904 | -120 | -136 | -72 | -62 | -64 | -137 |
| OPM % | 16% | 14% | 19% | -47% | -568% | -694% | -3,656% | -25% | -39% | -22% | -21% | -24% | -54% |
| 1,269 | 3,304 | 309 | 0 | 3,000 | 16,247 | -15,251 | -4,637 | -5,351 | -10,373 | -6,895 | -7,955 | -8,503 | |
| Interest | 1,796 | 1,680 | 2,049 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2,048 | 1,940 | 2,014 | 216 | 200 | 277 | 183 | 132 | 130 | 116 | 112 | 106 | 105 |
| Profit before tax | -758 | 1,340 | -1,627 | -1,890 | -9,869 | 6,405 | -45,338 | -4,889 | -5,617 | -10,561 | -7,069 | -8,125 | -8,745 |
| Tax % | -196% | 111% | -77% | -5% | 0% | 56% | 0% | 0% | 0% | 0% | 0% | 0% | |
| 730 | -154 | -379 | -1,796 | -9,870 | 2,847 | -45,338 | -4,889 | -5,617 | -10,561 | -7,069 | -8,125 | -8,745 | |
| EPS in Rs | 3.54 | -0.62 | -1.52 | -7.22 | -35.69 | 10.29 | -163.94 | -17.68 | -20.31 | -38.19 | -25.56 | -29.38 | -31.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -32% |
| 5 Years: | -20% |
| 3 Years: | -8% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 15% |
| 3 Years: | 11% |
| TTM: | -57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -32% |
| 5 Years: | -3% |
| 3 Years: | -18% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,032 | 1,244 | 1,244 | 1,244 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 |
| Reserves | 30,735 | 34,627 | 26,206 | 22,840 | 7,933 | 11,003 | -34,329 | -39,217 | -44,833 | -55,394 | -62,463 | -70,587 | -75,151 |
| 33,633 | 31,751 | 34,549 | 38,000 | 35,876 | 39,928 | 39,933 | 39,933 | 39,934 | 39,934 | 39,934 | 39,934 | 39,934 | |
| 11,864 | 7,730 | 12,061 | 11,805 | 10,757 | 9,768 | 38,230 | 42,687 | 48,016 | 54,372 | 60,354 | 68,337 | 72,828 | |
| Total Liabilities | 77,264 | 75,352 | 74,060 | 73,889 | 55,949 | 62,082 | 45,217 | 44,786 | 44,500 | 40,295 | 39,208 | 39,067 | 38,994 |
| 34,423 | 32,332 | 26,202 | 28,548 | 2,230 | 1,669 | 1,495 | 1,369 | 1,276 | 1,162 | 1,054 | 949 | 897 | |
| CWIP | 731 | 631 | 7,970 | 1,196 | 160 | 98 | 97 | 100 | 61 | 60 | 55 | 53 | 53 |
| Investments | 21,042 | 22,422 | 21,802 | 21,689 | 17,784 | 26,742 | 11,496 | 11,496 | 11,496 | 7,496 | 6,857 | 6,857 | 6,857 |
| 21,068 | 19,967 | 18,086 | 22,456 | 35,775 | 33,573 | 32,129 | 31,821 | 31,667 | 31,577 | 31,242 | 31,208 | 31,187 | |
| Total Assets | 77,264 | 75,352 | 74,060 | 73,889 | 55,949 | 62,082 | 45,217 | 44,786 | 44,500 | 40,295 | 39,208 | 39,067 | 38,994 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,287 | 3,332 | 5,164 | -241 | -1,554 | 270 | 67 | -12 | 47 | -46 | 1 | -9 | |
| -343 | -4,391 | -5,290 | 316 | 3,974 | 95 | -6 | -6 | -20 | -24 | 10 | 7 | |
| -3,045 | 1,466 | -187 | 249 | -2,528 | -327 | -12 | 0 | 1 | 0 | 0 | 0 | |
| Net Cash Flow | -101 | 407 | -313 | 324 | -108 | 38 | 49 | -18 | 28 | -70 | 11 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65 | 41 | 38 | 169 | 274 | 404 | 113 | 110 | 79 | 90 | 126 | 127 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 65 | 41 | 38 | 169 | 274 | 404 | 113 | 110 | 79 | 90 | 126 | 127 |
| Working Capital Days | -152 | 72 | -343 | -1,712 | -1,034 | -4,594 | -21,021 | -39,011 | -60,463 | -69,841 | -87,936 | -105,288 |
| ROCE % | 2% | 0% | 1% | -3% | -18% | -2% | -101% | -6% |
Documents
Announcements
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Financial Results For The Quarter And Half Year Ended September 30,2025
14 Nov - Unaudited Q2/H1 Sep 30, 2025 results: heavy losses, Rs.4,065cr spectrum provision, insolvency, regulatory probes, asset-sale issues and legal disputes (ED/CBI).
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Board Meeting Outcome for Unaudited Financial Results For The Quarter & Half Year Ended September 30, 2025
14 Nov - Unaudited Q2/H1 results (Sep 30, 2025); auditors qualify; Rs.3,294cr unprovided charges; CIRP, ED/CBI probes, license disputes.
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Board Meeting Intimation for The Consideration And Confirmation Of The Unaudited Financial Results (Both Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended September 30, 2025.
7 Nov - Board meeting Nov 14, 2025 to approve Q2/H1 results (Sept 30); RP won't independently verify; trading window Oct1–Nov16.
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Provisional Attachment Orders Received From The Directorate Of Enforcement In Respect Of The Assets Of Campion Properties Limited ('CPL') And Reliance Realty Limited('RRL'), Both Companies Being Wholly Owned Subsidiaries Of Reliance Communications Limited ('Company' Or 'RCOM')
4 Nov - ED provisional attachment (Oct 31/Nov 3, 2025) of CPL and RRL assets, including 132.07-acre plot; SBI alleges ₹2,929.05cr loss.
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Frauds-Initial Disclosure
4 Nov - IDBI Bank declared Reliance Communications' loan account ‘fraud’ (letter Oct 29, 2025; received Nov 03); reported to RBI.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
RCOM together with its subsidiary Globalcom IDC Limited, is a telecommunication service provider with businesses including India Data Center Business and India National Long Distance business. RCOM conducts a substantial portion of its business through subsidiary companies, including Globalcom
IDC Limited and Reliance Infratel Limited