Reliance Industries Ltd

₹ 2,618 1.49%
25 Nov - close price
ril.com BSE: 500325 NSE : RELIANCE
About

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.

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,770,904 Cr.
  • Current Price ₹ 2,618
  • High / Low ₹ 2,856 / 2,180
  • Stock P/E 27.6
  • Book Value ₹ 1,168
  • Dividend Yield 0.31 %
  • ROCE 9.42 %
  • ROE 8.16 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 8.61% over last 3 years.
  • Dividend payout has been low at 9.52% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
149,302 153,302 136,492 88,253 111,236 117,860 149,575 139,949 167,611 185,027 207,375 219,304 230,055
127,150 130,553 114,487 71,378 92,291 96,294 126,224 116,618 141,591 155,321 176,009 181,372 198,906
Operating Profit 22,152 22,749 22,005 16,875 18,945 21,566 23,351 23,331 26,020 29,706 31,366 37,932 31,149
OPM % 15% 15% 16% 19% 17% 18% 16% 17% 16% 16% 15% 17% 14%
3,668 3,162 -386 9,676 4,354 4,407 4,048 4,219 4,263 7,016 2,602 2,247 3,514
Interest 5,450 5,404 6,064 6,735 6,084 4,326 4,044 3,397 3,819 3,812 3,556 3,997 4,554
Depreciation 5,315 5,545 6,332 6,308 6,626 6,665 6,973 6,883 7,230 7,683 8,001 8,946 9,730
Profit before tax 15,055 14,962 9,223 13,508 10,589 14,982 16,382 17,270 19,234 25,227 22,411 27,236 20,379
Tax % 25% 21% 29% 2% -0% 1% 8% 20% 20% 19% 20% 29% 24%
Net Profit 11,352 11,841 6,546 13,248 10,602 14,894 14,995 13,806 15,479 20,539 18,021 19,443 15,512
EPS in Rs 16.66 17.21 9.39 20.87 15.09 20.67 20.86 19.36 21.58 27.42 23.95 26.54 20.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
265,050 357,677 395,957 433,521 374,372 272,583 303,954 390,823 568,337 596,679 466,307 698,672 841,761
226,427 324,501 362,802 398,586 336,923 230,802 257,647 326,508 484,087 507,413 385,517 588,077 711,608
Operating Profit 38,623 33,176 33,155 34,935 37,449 41,781 46,307 64,315 84,250 89,266 80,790 110,595 130,153
OPM % 15% 9% 8% 8% 10% 15% 15% 16% 15% 15% 17% 16% 15%
1,964 7,526 7,757 8,865 8,528 12,212 9,222 9,869 8,406 8,570 22,432 17,928 15,379
Interest 2,411 2,893 3,463 3,836 3,316 3,691 3,849 8,052 16,495 22,027 21,189 14,584 15,919
Depreciation 14,121 12,401 11,232 11,201 11,547 11,565 11,646 16,706 20,934 22,203 26,572 29,797 34,360
Profit before tax 24,055 25,408 26,217 28,763 31,114 38,737 40,034 49,426 55,227 53,606 55,461 84,142 95,253
Tax % 20% 22% 20% 22% 24% 23% 25% 27% 28% 26% 3% 19%
Net Profit 19,272 19,717 20,886 22,548 23,640 29,861 29,833 36,080 39,837 39,880 53,739 67,845 73,515
EPS in Rs 27.63 28.27 30.31 32.62 34.14 43.03 43.11 53.39 58.55 58.20 77.50 89.74 98.10
Dividend Payout % 12% 13% 13% 12% 12% 10% 11% 10% 10% 10% 9% 9%
Compounded Sales Growth
10 Years: 7%
5 Years: 18%
3 Years: 7%
TTM: 46%
Compounded Profit Growth
10 Years: 12%
5 Years: 14%
3 Years: 14%
TTM: 24%
Stock Price CAGR
10 Years: 21%
5 Years: 23%
3 Years: 19%
1 Year: 9%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
2,981 2,979 2,936 2,940 2,943 2,948 2,959 5,922 5,926 6,339 6,445 6,765 6,766
Reserves 151,112 166,466 179,094 195,730 215,539 228,600 260,746 287,569 381,184 442,826 653,884 772,720 783,283
84,152 92,447 107,219 138,761 168,251 194,714 217,475 239,843 307,714 355,133 278,962 319,158 316,030
69,274 65,299 73,108 91,412 117,753 172,735 225,622 277,939 302,806 358,717 380,774 399,979 519,845
Total Liabilities 307,519 327,191 362,357 428,843 504,486 598,997 706,802 811,273 997,630 1,163,015 1,320,065 1,498,622 1,625,924
158,100 138,814 133,487 141,417 156,458 184,910 198,526 403,885 398,374 532,658 541,258 627,798 856,214
CWIP 28,174 25,363 49,952 91,494 166,462 228,697 324,837 187,022 179,463 109,106 125,953 172,506 82,199
Investments 21,596 38,596 42,848 60,602 76,451 84,015 82,899 82,862 235,635 276,767 364,828 394,264 345,113
99,649 124,418 136,070 135,330 105,115 101,375 100,540 137,504 184,158 244,484 288,026 304,054 342,398
Total Assets 307,519 327,191 362,357 428,843 504,486 598,997 706,802 811,273 997,630 1,163,015 1,320,065 1,498,622 1,625,924

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
33,338 24,483 36,918 43,261 34,374 38,134 49,550 71,459 42,346 94,877 26,958 110,654
-32,040 -6,301 -27,601 -73,070 -64,706 -36,186 -66,201 -68,192 -94,507 -72,497 -142,385 -109,162
14,950 -7,590 408 13,713 8,444 -3,210 8,617 -2,001 55,906 -2,541 101,904 17,289
Net Cash Flow 16,248 10,592 9,725 -16,096 -21,888 -1,262 -8,034 1,266 3,745 19,839 -13,523 18,781

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 22 17 9 8 5 6 10 16 19 12 15 12
Inventory Days 69 57 60 57 66 90 84 83 63 67 102 83
Days Payable 64 49 55 61 74 117 132 146 100 87 136 122
Cash Conversion Cycle 26 25 14 4 -2 -21 -38 -46 -18 -9 -19 -27
Working Capital Days 2 15 -1 -3 -37 -117 -141 -144 -67 -101 12 -13
ROCE % 12% 11% 10% 10% 9% 10% 10% 11% 12% 11% 8% 9%

Shareholding Pattern

Numbers in percentages

10 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
50.03 50.07 50.37 50.49 50.54 50.58 50.59 50.61 50.61 50.66 50.62 50.56
24.54 24.08 24.75 25.23 25.18 25.66 25.11 25.41 24.75 24.23 23.90 23.58
13.75 13.78 13.58 13.15 12.90 12.62 13.09 13.20 13.62 14.23 14.67 14.91
0.19 0.20 0.21 0.20 0.20 0.20 0.18 0.18 0.17 0.17 0.17 0.16
11.49 11.87 11.10 10.93 11.19 10.94 11.03 10.60 10.85 10.71 10.64 10.78

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