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 ₹ 1,540,231 Cr.
- Current Price ₹ 2,277
- High / Low ₹ 2,856 / 2,180
- Stock P/E 24.2
- Book Value ₹ 1,168
- Dividend Yield 0.35 %
- ROCE 9.24 %
- ROE 7.94 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Company has a low return on equity of 8.41% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 873,898 | |
226,427 | 324,501 | 362,802 | 398,586 | 336,923 | 230,802 | 257,647 | 326,508 | 484,087 | 507,413 | 385,517 | 588,077 | 738,204 | |
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 | 135,694 |
OPM % | 15% | 9% | 8% | 8% | 10% | 15% | 15% | 16% | 15% | 15% | 17% | 16% | 16% |
1,964 | 7,526 | 7,757 | 8,865 | 8,528 | 12,212 | 9,222 | 9,869 | 8,406 | 8,570 | 22,432 | 17,928 | 11,576 | |
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 | 17,308 |
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 | 36,864 |
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 | 93,098 |
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 | 70,782 |
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 | 94.02 |
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: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 14% |
3 Years: | 14% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 21% |
3 Years: | 38% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 8% |
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 | 151,122 | 166,467 | 179,119 | 195,747 | 215,556 | 228,608 | 260,750 | 287,584 | 381,186 | 442,827 | 693,727 | 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 | |
69,264 | 65,298 | 73,083 | 91,395 | 117,736 | 172,727 | 225,618 | 277,924 | 302,804 | 358,716 | 340,931 | 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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Media Release By Reliance Jio Infocomm Limited, A Subsidiary Of The Company 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Mar
Annual reports
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Financial Year 2022
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Financial Year 2021
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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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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2017TranscriptNotesPPT
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Jun 2016TranscriptNotesPPT
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]