Reliance Infrastructure Ltd

Reliance Infra. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Reliance Infrastructure Ltd

₹ 173 5.00%
19 Dec - close price
rinfra.com BSE: 500390 NSE: RELINFRA
About

Reliance Infrastructure Ltd. is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The Co. is also a leading utility Company having a presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. [1]

Key Points

Business Segments 9M FY24
Power (91%)- The Power segment is engaged in the generation, transmission and distribution of electrical power at various locations. It operates a 220 MW Combined Cycle Power Plant at Samalkot, a 48 MW Combined Cycle Power Plant at Mormugao, and a 9.39 MW wind farm at Chitradurga. BRPL and BYPL (subsidiaries) distribute the power in the city of Delhi. BRPL caters to around 19 lakh subscribers in South and West Delhi, while BYPL caters to around 30 lakh subscribers in East and Central Delhi.

Website BSE NSE - BE
  • Market Cap ₹ 7,077 Cr.
  • Current Price ₹ 173
  • High / Low ₹ 425 / 128
  • Stock P/E 1.50
  • Book Value ₹ 414
  • Dividend Yield 0.00 %
  • ROCE 34.0 %
  • ROE 37.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.42 times its book value
  • Company has delivered good profit growth of 37.4% CAGR over last 5 years
  • Debtor days have improved from 30.6 to 22.9 days.

Cons

  • The company has delivered a poor sales growth of 4.10% over past five years.
  • Promoter holding is low: 19.0%
  • Company has a low return on equity of 6.71% over last 3 years.
  • Contingent liabilities of Rs.3,927 Cr.
  • Earnings include an other income of Rs.9,127 Cr.

* 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

Utilities Power Power Integrated Power Utilities

Part of Nifty 500 BSE SmallCap BSE Allcap BSE Utilities Nifty MidSmallcap 400

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
6,229 4,111 4,186 5,565 7,153 4,638 4,686 7,193 7,258 5,033 4,108 5,908 6,235
5,463 3,816 4,349 5,431 6,495 4,113 4,369 6,517 6,647 4,427 4,094 5,668 5,180
Operating Profit 766 294 -162 134 658 525 317 676 611 606 14 240 1,055
OPM % 12% 7% -4% 2% 9% 11% 7% 9% 8% 12% 0% 4% 17%
213 673 -1,395 313 221 424 616 63 3,744 -2,974 8,949 849 2,303
Interest 567 657 643 571 610 578 552 470 472 468 374 427 444
Depreciation 365 368 366 371 387 379 366 348 355 359 360 375 368
Profit before tax 47 -57 -2,565 -495 -118 -7 15 -78 3,527 -3,195 8,229 287 2,546
Tax % -6% 14% -0% -0% 5% 228% 136% -11% 0% 0% -0% -2% -0%
-25 -127 -2,484 -567 -182 -301 -98 -93 4,195 -3,186 8,262 305 2,575
EPS in Rs -6.17 -9.31 -76.90 -19.13 -7.42 -10.63 -5.57 -5.90 103.06 -83.26 110.75 1.46 46.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
19,151 16,185 26,952 25,229 18,728 19,731 19,990 17,735 19,689 22,398 22,805 24,441 21,283
16,340 14,389 22,435 20,455 15,545 24,242 18,607 17,471 17,832 20,972 20,653 20,678 19,368
Operating Profit 2,811 1,796 4,518 4,774 3,183 -4,511 1,383 264 1,857 1,427 2,151 3,764 1,915
OPM % 15% 11% 17% 19% 17% -23% 7% 1% 9% 6% 9% 15% 9%
1,260 2,768 2,563 3,438 4,281 7,206 3,221 6,754 830 -50 1,057 7,926 9,127
Interest 1,696 2,347 5,026 5,581 5,204 2,581 2,400 2,727 2,060 2,393 2,310 1,784 1,713
Depreciation 534 833 1,544 1,688 1,254 1,292 1,389 1,352 1,283 1,448 1,503 1,421 1,461
Profit before tax 1,841 1,384 511 943 1,006 -1,178 815 2,939 -656 -2,466 -605 8,484 7,868
Tax % 15% 5% 44% -15% -15% -20% -6% -6% 3% 0% 7% -0%
1,920 1,725 693 1,394 1,214 -2,323 908 3,116 -868 -2,564 -1,148 9,177 7,956
EPS in Rs 72.77 68.45 28.88 54.19 47.74 -92.28 29.32 42.79 -37.98 -91.57 -40.61 124.64 75.72
Dividend Payout % 10% 12% 29% 17% 20% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 4%
3 Years: 7%
TTM: -10%
Compounded Profit Growth
10 Years: 11%
5 Years: 37%
3 Years: 86%
TTM: 819%
Stock Price CAGR
10 Years: -10%
5 Years: 45%
3 Years: 9%
1 Year: -43%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 7%
Last Year: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 263 263 263 263 263 263 263 263 263 352 396 396 409
Reserves 26,328 26,711 21,389 23,084 23,417 13,913 9,529 10,597 12,144 8,942 8,351 14,034 16,501
24,289 25,770 30,550 25,814 25,441 17,772 17,147 13,907 12,718 11,510 9,895 6,361 5,737
18,048 18,103 48,567 49,121 50,711 36,247 37,921 37,226 37,277 40,096 40,517 45,049 47,062
Total Liabilities 68,928 70,847 100,769 98,282 99,832 68,194 64,861 61,994 62,403 60,899 59,159 65,841 69,709
10,301 17,697 32,887 36,567 39,393 24,948 23,253 19,505 19,002 19,756 17,757 17,714 17,552
CWIP 10,789 5,081 4,971 2,360 3,005 2,592 2,529 2,025 2,198 1,015 1,302 1,373 1,321
Investments 18,280 17,618 13,200 13,143 13,092 6,742 1,394 1,769 4,700 4,338 3,904 8,671 10,421
29,557 30,451 49,712 46,212 44,342 33,911 37,683 38,696 36,503 35,791 36,196 38,083 40,414
Total Assets 68,928 70,847 100,769 98,282 99,832 68,194 64,861 61,994 62,403 60,899 59,159 65,841 69,709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,412 3,290 10,296 8,678 8,153 684 2,875 1,436 3,799 3,458 4,097 3,657
-5,936 -1,726 -5,690 -75 -805 2,759 -808 18 -502 -1,333 415 -1,731
1,721 -1,707 -4,704 -8,452 -7,428 -3,334 -1,979 -1,531 -2,942 -2,242 -3,648 -1,252
Net Cash Flow 197 -143 -98 152 -80 109 87 -77 356 -117 865 674

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 95 124 76 82 106 83 90 81 76 42 27 23
Inventory Days
Days Payable
Cash Conversion Cycle 95 124 76 82 106 83 90 81 76 42 27 23
Working Capital Days -78 -67 -85 -111 -380 -314 -322 -370 -375 -392 -379 -397
ROCE % 6% 6% 11% 10% 12% 18% 11% 19% 5% 9% 7% 34%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
4.56% 18.67% 18.65% 16.56% 16.50% 16.50% 16.50% 16.50% 16.50% 16.50% 19.05% 19.05%
11.94% 12.30% 12.92% 12.14% 12.69% 11.77% 12.37% 8.38% 9.00% 11.35% 10.26% 7.07%
3.84% 3.13% 3.06% 2.85% 2.64% 2.16% 2.26% 1.40% 1.34% 1.36% 1.38% 1.27%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01%
79.49% 65.74% 65.22% 68.33% 68.03% 69.42% 68.75% 73.59% 73.01% 70.66% 69.18% 72.47%
0.16% 0.13% 0.13% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11%
No. of Shareholders 7,26,4657,15,0067,06,9686,94,3136,59,1686,65,7297,01,5837,12,1046,91,8426,81,3957,12,5877,17,783

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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