Reliance Industries Ltd

₹ 2,534 -1.47%
05 Aug - close price
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

Refining & Marketing Business (50% of revenue)
RIL owns Jamnagar refining facility which is the world's largest refining hub with a capacity of 1.24 million barrels per day.[1] It accounts for ~27% of the total oil refining capacity of India.[2]
Almost 57% of the products from refinement are exported to other countries. The company uses 23% of its refined products and the rest 18% are sold domestically. It also owns a network of 1,400 fuel stations across India.[3]

  • Market Cap 1,714,290 Cr.
  • Current Price 2,534
  • High / Low 2,856 / 2,066
  • Stock P/E 26.7
  • Book Value 1,152
  • Dividend Yield 0.28 %
  • ROCE 9.63 %
  • ROE 8.15 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 8.61% for 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
157,980 149,302 153,302 136,492 88,253 111,236 117,860 149,575 139,949 167,611 185,027 207,375 219,304
136,365 127,150 130,553 114,487 71,378 92,291 96,294 126,224 116,618 141,591 155,321 176,009 181,372
Operating Profit 21,615 22,152 22,749 22,005 16,875 18,945 21,566 23,351 23,331 26,020 29,706 31,366 37,932
OPM % 14% 15% 15% 16% 19% 17% 18% 16% 17% 16% 16% 15% 17%
2,871 3,668 3,162 -386 9,676 4,354 4,407 4,048 4,219 4,263 7,016 2,602 2,247
Interest 5,109 5,450 5,404 6,064 6,735 6,084 4,326 4,044 3,397 3,819 3,812 3,556 3,997
Depreciation 5,011 5,315 5,545 6,332 6,308 6,626 6,665 6,973 6,883 7,230 7,683 8,001 8,946
Profit before tax 14,366 15,055 14,962 9,223 13,508 10,589 14,982 16,382 17,270 19,234 25,227 22,411 27,236
Tax % 29% 25% 21% 29% 2% -0% 1% 8% 20% 20% 19% 20% 29%
Net Profit 10,104 11,262 11,640 6,348 13,233 9,567 13,101 13,227 12,273 13,680 18,549 16,203 17,955
EPS in Rs 14.94 16.66 17.21 9.39 20.87 15.09 20.67 20.86 19.36 21.58 27.42 23.95 26.54

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
265,050 357,677 395,957 433,521 374,372 272,583 303,954 390,823 568,337 596,679 466,307 699,962 779,317
226,427 324,501 362,802 398,586 336,923 230,802 257,647 326,508 484,087 507,413 385,517 589,502 654,293
Operating Profit 38,623 33,176 33,155 34,935 37,449 41,781 46,307 64,315 84,250 89,266 80,790 110,460 125,024
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 18,063 16,128
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 15,184
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 31,860
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 94,108
Tax % 20% 22% 20% 22% 24% 23% 25% 27% 28% 26% 3% 19%
Net Profit 19,294 19,724 20,879 22,493 23,566 29,745 29,901 36,075 39,588 39,354 49,128 60,705 66,387
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 99.49
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: 50%
Compounded Profit Growth
10 Years: 12%
5 Years: 14%
3 Years: 14%
TTM: 35%
Stock Price CAGR
10 Years: 21%
5 Years: 26%
3 Years: 30%
1 Year: 21%
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
2,981 2,979 2,936 2,940 2,943 2,948 2,959 5,922 5,926 6,339 6,445 6,765
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
84,152 92,447 107,219 138,761 168,251 194,714 217,475 239,843 307,714 355,133 270,648 281,974
69,274 65,299 73,108 91,412 117,753 172,735 225,622 277,939 302,806 358,717 389,088 438,206
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 1,499,665
158,100 138,814 133,487 141,417 156,458 184,910 198,526 403,885 398,374 532,658 541,258 732,252
CWIP 28,174 25,363 49,952 91,494 166,462 228,697 324,837 187,022 179,463 109,106 125,953 68,052
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
99,649 124,418 136,070 135,330 105,115 101,375 100,540 137,504 184,158 244,484 288,026 305,097
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 1,499,665

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 26,185 110,654
-32,040 -6,301 -27,601 -73,070 -64,706 -36,186 -66,201 -68,192 -94,507 -72,497 -141,610 -110,103
14,950 -7,590 408 13,713 8,444 -3,210 8,617 -2,001 55,906 -2,541 101,902 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 17,840

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 -11 44
ROCE % 12% 11% 10% 10% 9% 10% 10% 11% 12% 11% 8% 10%

Shareholding Pattern

Numbers in percentages

9 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
50.05 50.03 50.07 50.37 50.49 50.54 50.58 50.59 50.61 50.61 50.66 50.62
23.76 24.54 24.08 24.75 25.23 25.18 25.66 25.11 25.41 24.75 24.23 23.90
14.36 13.75 13.78 13.58 13.15 12.90 12.62 13.09 13.20 13.62 14.23 14.67
0.19 0.19 0.20 0.21 0.20 0.20 0.20 0.18 0.18 0.17 0.17 0.17
11.65 11.49 11.87 11.10 10.93 11.19 10.94 11.03 10.60 10.85 10.71 10.64

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