Reliance Industries Ltd
Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. Reliance's products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. [1]
Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family have about 50% shareholding in the conglomerate.
- Market Cap ₹ 1,581,331 Cr.
- Current Price ₹ 2,337
- High / Low ₹ 2,856 / 2,180
- Stock P/E 38.1
- Book Value ₹ 712
- Dividend Yield 0.34 %
- ROCE 8.43 %
- ROE 8.64 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 3.28 times its book value
- The company has delivered a poor sales growth of 11.9% over past five years.
- Company has a low return on equity of 8.00% over last 3 years.
- Dividend payout has been low at 13.8% of profits over last 3 years
* 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.
Peer comparison
Sector: Refineries Industry: Refineries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
247,414 | 329,083 | 359,195 | 389,178 | 328,013 | 231,743 | 240,597 | 289,188 | 370,744 | 336,097 | 245,050 | 422,413 | 540,550 | |
209,567 | 297,049 | 328,360 | 358,244 | 296,377 | 192,359 | 197,272 | 237,430 | 311,853 | 283,073 | 211,542 | 370,007 | 476,940 | |
Operating Profit | 37,847 | 32,034 | 30,835 | 30,934 | 31,636 | 39,384 | 43,325 | 51,758 | 58,891 | 53,024 | 33,508 | 52,406 | 63,610 |
OPM % | 15% | 10% | 9% | 8% | 10% | 17% | 18% | 18% | 16% | 16% | 14% | 12% | 12% |
3,331 | 7,777 | 7,950 | 8,879 | 8,687 | 7,784 | 8,640 | 8,203 | 8,785 | 9,125 | 19,114 | 13,779 | 11,517 | |
Interest | 2,328 | 2,667 | 3,036 | 3,206 | 2,367 | 2,562 | 2,723 | 4,656 | 9,751 | 12,105 | 16,211 | 9,123 | 10,865 |
Depreciation | 13,608 | 11,394 | 9,465 | 8,789 | 8,488 | 8,590 | 8,465 | 9,580 | 10,558 | 9,728 | 9,199 | 10,276 | 9,862 |
Profit before tax | 25,242 | 25,750 | 26,284 | 27,818 | 29,468 | 36,016 | 40,777 | 45,725 | 47,367 | 40,316 | 27,212 | 46,786 | 54,400 |
Tax % | 20% | 22% | 20% | 21% | 23% | 24% | 23% | 26% | 26% | 23% | -17% | 16% | |
Net Profit | 20,286 | 20,040 | 21,003 | 21,984 | 22,719 | 27,384 | 31,425 | 33,612 | 35,163 | 30,903 | 31,944 | 39,084 | 41,478 |
EPS in Rs | 29.05 | 28.72 | 30.49 | 31.88 | 32.91 | 39.61 | 45.31 | 49.74 | 52.01 | 45.70 | 50.39 | 57.77 | 61.31 |
Dividend Payout % | 13% | 14% | 14% | 14% | 14% | 12% | 11% | 11% | 12% | 13% | 14% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 12% |
3 Years: | 4% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 4% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 19% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 8% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,273 | 3,271 | 3,229 | 3,232 | 3,236 | 3,240 | 3,251 | 6,335 | 6,339 | 6,339 | 6,445 | 6,765 | 6,766 | |
Reserves | 148,267 | 162,825 | 176,766 | 193,842 | 212,923 | 250,750 | 285,058 | 308,297 | 398,981 | 384,875 | 428,195 | 464,762 | 474,686 |
67,603 | 68,447 | 72,427 | 89,968 | 97,620 | 107,104 | 107,446 | 116,881 | 161,720 | 298,599 | 224,683 | 197,439 | 214,806 | |
65,576 | 60,597 | 66,089 | 80,541 | 84,006 | 120,580 | 150,991 | 186,012 | 208,705 | 281,886 | 214,350 | 209,708 | 192,803 | |
Total Liabilities | 284,719 | 295,140 | 318,511 | 367,583 | 397,785 | 481,674 | 546,746 | 617,525 | 775,745 | 971,699 | 873,673 | 878,674 | 889,061 |
142,707 | 113,723 | 109,748 | 109,406 | 114,563 | 147,543 | 154,578 | 200,964 | 203,188 | 306,478 | 306,833 | 239,626 | 266,700 | |
CWIP | 12,228 | 7,754 | 19,116 | 41,716 | 75,753 | 110,905 | 132,741 | 99,483 | 111,557 | 27,965 | 32,835 | 34,662 | 18,495 |
Investments | 37,652 | 54,008 | 52,509 | 86,062 | 112,573 | 157,250 | 192,450 | 225,222 | 331,683 | 491,823 | 347,285 | 408,797 | 420,063 |
92,132 | 119,655 | 137,138 | 130,399 | 94,896 | 65,976 | 66,977 | 91,856 | 129,317 | 145,433 | 186,720 | 195,589 | 183,803 | |
Total Assets | 284,719 | 295,140 | 318,511 | 367,583 | 397,785 | 481,674 | 546,746 | 617,525 | 775,745 | 971,699 | 873,673 | 878,674 | 889,061 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33,280 | 26,974 | 32,995 | 42,160 | 35,285 | 43,447 | 51,450 | 62,000 | 29,191 | 77,533 | -512 | 67,491 | |
-20,333 | -3,046 | -14,797 | -64,013 | -55,998 | -41,223 | -54,949 | -59,109 | -53,949 | -143,583 | 74,257 | -45,315 | |
725 | -11,465 | -8,249 | 5,530 | -940 | -6,903 | -1,639 | -1,914 | 25,795 | 70,767 | -76,657 | -6,035 | |
Net Cash Flow | 13,672 | 12,463 | 9,949 | -16,323 | -21,653 | -4,679 | -5,138 | 977 | 1,037 | 4,717 | -2,912 | 16,141 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 26 | 20 | 12 | 10 | 5 | 6 | 8 | 13 | 12 | 8 | 6 | 12 |
Inventory Days | 57 | 48 | 51 | 47 | 50 | 63 | 75 | 71 | 60 | 58 | 78 | 52 |
Days Payable | 66 | 53 | 55 | 64 | 75 | 123 | 151 | 160 | 119 | 106 | 180 | 151 |
Cash Conversion Cycle | 16 | 15 | 8 | -6 | -19 | -54 | -67 | -76 | -48 | -40 | -96 | -87 |
Working Capital Days | -6 | 8 | -6 | -7 | -27 | -106 | -118 | -136 | -72 | -198 | -45 | -44 |
ROCE % | 13% | 12% | 11% | 11% | 10% | 11% | 10% | 12% | 11% | 9% | 6% | 8% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Media Release By Reliance Jio Infocomm Limited, A Subsidiary Of The Company 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Jan
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from nse
-
Financial Year 2010
from bse
Concalls
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Feb 2022TranscriptPPT
-
Jan 2022TranscriptPPT
-
Oct 2021TranscriptPPT
-
Jul 2021TranscriptPPT
-
Apr 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Jan 2021TranscriptPPT
-
Jan 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Jul 2020TranscriptPPT
-
May 2020TranscriptPPT
-
Jan 2020TranscriptPPT
-
Oct 2019TranscriptPPT
-
Oct 2019TranscriptPPT
-
Apr 2019TranscriptPPT
-
Jan 2019TranscriptPPT
-
Oct 2018TranscriptPPT
-
Apr 2018TranscriptPPT
-
Jan 2018TranscriptPPT
-
Oct 2017TranscriptPPT
-
Jun 2016TranscriptPPT
OIL-TO-CHEMICALS SEGMENT (~57% of revenues)[1]
Under the segment, the company primarily refines crude oil to manufacture/ extract transportation fuels, polymers and elastomers, intermediates and polyesters. It has plants and manufacturing assets located across India in Jamnagar, Hazira, Dahej, Nagothane, Vadodara and others. It has a crude refining capacity of 1.4 million barrels per day. It also has the largest single site refinery complex globally. [2] It had a total throughput of ~77 million metric tonnes in FY22 out of which ~89% was meant for sale.[3]