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. #
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.
Retail Business (21% of revenue)
Company's subsidiary, Reliance Retail Ltd (RRL) is India's largest retailer by revenue and profitability. It operates about 11,800 stores across India and caters to the demand of over 125 million registered customers. Reliance Retail’s store concepts span across all major consumption baskets which accounts for over 80% of consumption needs of Indian households. It also operates the largest portfolio of esteemed international partner brands such as Emporio Armani, Diesel, Tiffany & Co and many more. # #
Till November 2020, reliance has raised about 47,250 crores from selling 10.1% stake in Reliance Retail Ventures Ltd.
Digital Services Business (Jio) (9% of revenue)
Digital services business is the most profitable with an EBITDA Margin of 33%.#
Jio Platforms has made investments in excess of US$50 billion since inception to create the largest and most advanced digital and connectivity ecosystem in India. # Started in 2016, it has built a strong market position in a short time. Today, it’s the biggest player in telecom sector with 35% market share with a base of more than 400 million subscribers. # It aims to offer seamless wire-line services across FTTH and enterprises in its next phase of the connectivity rollout.
It's passive infrastructure includes 175,000 towers and 1.1 million route kms for its fiber business. It is also a partner in 33,100 kms of undersea cable systems. #
Reliance sold stake in Jio Platforms Ltd to make it a debt free company by March 2021. It sold 33% stake for $20.2 Billion to 13 marquee investors like Facebook, Qualcomm, Google, KKR, Silver lake, etc. in just 2 months.
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. Almost 57% of the products from refinement are exported to other countries. Company uses 23% of its refined products and the rest 18% are sold domestically. It also owns a network of 1,400 fuel station across India. #
Petrochemicals Business (19% of revenue)
Reliance is the largest producer of petrochemicals in the country and amongst the top ten in the world. It produces an extensive chain of polymers, elastomers, polyesters, aromatics, etc. It is working towards transforming its petrochemical business to a solutions driven consumer facing business.
It has various petrochemical plants in India located in Dahej, Hazira, Hoshiarpur, Jamnagar, Vadodara and other cities. #
Oil and Gas Exploration & Production Business (0.5% of revenue)
RIL as an integrated E&P Operator is India’s leading Deepwater Operator. Its domestic portfolio comprises of conventional oil and gas blocks in Krishna Godavari and Mahanadi basins and two Coal Bed Methane (CBM) blocks, Sohagpur (East) and Sohagpur (West) in Madhya Pradesh.#
It produces oil & gas in the U.S. shale in 2 separate Joint Ventures with major oil giant Cheveron and Ensign Natural resources. #
Media & Entertainment (1% of revenue)
Reliance is the owner of Network 18 Media which boasts 56 channels in India spanning news and entertainment. It is also in the Film industry through Viacom studios and Jio studios. #
- Market Cap ₹ 1,373,450 Cr.
- Current Price ₹ 2,086
- High / Low ₹ 2,369 / 867
- Stock P/E 33.8
- Book Value ₹ 968
- Dividend Yield 0.31 %
- ROCE 10.7 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
- No pros found. Suggest something.
Cons
- Company has a low return on equity of 11.42% for last 3 years.
- Dividend payout has been low at 10.02% of profits over last 3 years
Peer comparison
Sector: Refineries Industry: Refineries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
116,915 | 128,756 | 143,323 | 156,898 | 139,590 | 157,980 | 149,302 | 153,302 | 136,492 | 88,253 | 111,236 | 117,860 | |
98,446 | 108,095 | 122,215 | 135,581 | 118,437 | 136,365 | 127,150 | 130,553 | 114,487 | 71,378 | 92,291 | 96,294 | |
Operating Profit | 18,469 | 20,661 | 21,108 | 21,317 | 21,153 | 21,615 | 22,152 | 22,749 | 22,005 | 16,875 | 18,945 | 21,566 |
OPM % | 16% | 16% | 15% | 14% | 15% | 14% | 15% | 15% | 16% | 19% | 17% | 18% |
Other Income | 2,203 | 1,788 | 1,251 | 2,484 | 2,894 | 2,871 | 3,668 | 3,162 | -386 | 9,676 | 4,354 | 4,407 |
Interest | 2,566 | 3,550 | 3,932 | 4,119 | 4,894 | 5,109 | 5,450 | 5,404 | 6,064 | 6,735 | 6,084 | 4,326 |
Depreciation | 4,852 | 5,173 | 5,229 | 5,237 | 5,295 | 5,011 | 5,315 | 5,545 | 6,332 | 6,308 | 6,626 | 6,665 |
Profit before tax | 13,254 | 13,726 | 13,198 | 14,445 | 13,858 | 14,366 | 15,055 | 14,962 | 9,223 | 13,508 | 10,589 | 14,982 |
Tax % | 29% | 31% | 28% | 28% | 25% | 29% | 25% | 21% | 29% | 2% | -0% | 1% |
Net Profit | 9,438 | 9,459 | 9,516 | 10,251 | 10,362 | 10,104 | 11,262 | 11,640 | 6,348 | 13,233 | 9,567 | 13,101 |
EPS in Rs | 13.97 | 14.00 | 14.07 | 15.16 | 15.33 | 14.94 | 16.66 | 17.21 | 9.39 | 20.87 | 15.09 | 20.67 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
151,101 | 203,174 | 265,050 | 357,677 | 395,957 | 433,521 | 374,372 | 272,583 | 303,954 | 390,823 | 568,337 | 595,887 | 453,841 | |
127,894 | 172,271 | 226,427 | 323,169 | 362,912 | 398,722 | 337,008 | 230,845 | 257,647 | 326,508 | 484,087 | 507,413 | 374,450 | |
Operating Profit | 23,206 | 30,902 | 38,623 | 34,508 | 33,045 | 34,799 | 37,364 | 41,738 | 46,307 | 64,315 | 84,250 | 88,474 | 79,391 |
OPM % | 15% | 15% | 15% | 10% | 8% | 8% | 10% | 15% | 15% | 16% | 15% | 15% | 17% |
Other Income | 2,130 | 10,783 | 1,964 | 6,194 | 7,867 | 9,001 | 8,613 | 12,255 | 9,222 | 9,869 | 8,406 | 9,362 | 18,051 |
Interest | 1,816 | 2,060 | 2,411 | 2,893 | 3,463 | 3,836 | 3,316 | 3,691 | 3,849 | 8,052 | 16,495 | 22,027 | 23,209 |
Depreciation | 5,651 | 10,946 | 14,121 | 12,401 | 11,232 | 11,201 | 11,547 | 11,565 | 11,646 | 16,706 | 20,934 | 22,203 | 25,931 |
Profit before tax | 17,869 | 28,680 | 24,055 | 25,408 | 26,217 | 28,763 | 31,114 | 38,737 | 40,034 | 49,426 | 55,227 | 53,606 | 48,302 |
Tax % | 16% | 15% | 20% | 22% | 20% | 22% | 24% | 23% | 25% | 27% | 28% | 26% | |
Net Profit | 14,969 | 24,503 | 19,294 | 19,724 | 20,879 | 22,493 | 23,566 | 29,745 | 29,901 | 36,075 | 39,588 | 39,354 | 42,249 |
EPS in Rs | 22.29 | 35.12 | 27.63 | 28.27 | 30.31 | 32.62 | 34.14 | 43.03 | 43.11 | 53.39 | 58.55 | 58.20 | 66.02 |
Dividend Payout % | 12% | 9% | 12% | 13% | 13% | 12% | 12% | 10% | 11% | 10% | 10% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 25% |
TTM: | -24% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 13% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 33% |
3 Years: | 30% |
1 Year: | 58% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,444 | 2,978 | 2,981 | 2,979 | 2,936 | 2,940 | 2,943 | 2,948 | 2,959 | 5,922 | 5,926 | 6,339 | 6,445 | |
Reserves | 119,813 | 138,025 | 151,112 | 166,466 | 179,094 | 195,730 | 215,539 | 228,600 | 260,746 | 287,569 | 381,184 | 446,991 | 606,977 |
Borrowings | 76,257 | 64,606 | 84,152 | 92,447 | 107,219 | 138,761 | 168,251 | 194,714 | 217,475 | 239,843 | 307,714 | 355,133 | 255,241 |
48,631 | 53,837 | 69,274 | 65,299 | 73,108 | 91,412 | 117,753 | 172,735 | 225,622 | 277,939 | 302,806 | 354,552 | 357,986 | |
Total Liabilities | 246,075 | 259,445 | 307,519 | 327,191 | 362,357 | 428,843 | 504,486 | 598,997 | 706,802 | 811,273 | 997,630 | 1,163,015 | 1,226,649 |
107,044 | 160,191 | 158,100 | 138,814 | 133,487 | 141,417 | 156,458 | 184,910 | 198,526 | 403,885 | 398,374 | 532,658 | 590,588 | |
CWIP | 73,846 | 17,034 | 28,174 | 25,363 | 49,952 | 91,494 | 166,462 | 228,697 | 324,837 | 187,022 | 179,463 | 109,106 | 66,680 |
Investments | 6,436 | 13,112 | 21,596 | 38,596 | 42,848 | 60,602 | 76,451 | 84,015 | 82,899 | 82,862 | 235,635 | 276,767 | 346,324 |
58,750 | 69,108 | 99,649 | 124,418 | 136,070 | 135,330 | 105,115 | 101,375 | 100,540 | 137,504 | 184,158 | 244,484 | 223,057 | |
Total Assets | 246,075 | 259,445 | 307,519 | 327,191 | 362,357 | 428,843 | 504,486 | 598,997 | 706,802 | 811,273 | 997,630 | 1,163,015 | 1,226,649 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16,287 | 20,494 | 33,338 | 24,483 | 36,918 | 43,261 | 34,374 | 38,134 | 49,550 | 71,459 | 42,346 | 98,074 | |
-23,056 | -18,212 | -32,040 | -6,301 | -27,601 | -73,070 | -64,706 | -36,186 | -66,201 | -68,192 | -94,507 | -75,694 | |
25,037 | -11,134 | 14,950 | -7,590 | 408 | 13,713 | 8,444 | -3,210 | 8,617 | -2,001 | 55,906 | -2,541 | |
Net Cash Flow | 18,268 | -8,851 | 16,248 | 10,592 | 9,725 | -16,096 | -21,888 | -1,262 | -8,034 | 1,266 | 3,745 | 19,839 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 12% | 11% | 12% | 11% | 10% | 10% | 9% | 10% | 10% | 11% | 12% | 11% |
Debtor Days | 12 | 18 | 22 | 17 | 9 | 8 | 5 | 6 | 10 | 16 | 19 | 12 |
Inventory Turnover | 5.93 | 5.79 | 5.69 | 7.11 | 6.72 | 6.72 | 5.59 | 4.00 | 4.68 | 5.14 | 6.41 | 5.94 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 16h
- Announcement under Regulation 30 (LODR)-Updates on Acquisition 16h
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
- Meetings Of Equity Shareholders, Secured Creditors And Unsecured Creditors Of The Company 2d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2d
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Annual reports
- 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 bse
- Financial Year 2013 from nse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse