Reliance Infrastructure Ltd
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]
- Market Cap ₹ 15,003 Cr.
- Current Price ₹ 379
- High / Low ₹ 425 / 179
- Stock P/E 3.45
- Book Value ₹ 364
- Dividend Yield 0.00 %
- ROCE 34.0 %
- ROE 37.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.04 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 10.3% over last 3 years.
- Earnings include an other income of Rs.7,926 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 BSE SmallCap BSE Allcap BSE Utilities Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19,151 | 16,185 | 26,952 | 25,229 | 18,728 | 19,731 | 19,990 | 17,735 | 19,689 | 22,398 | 22,805 | 24,441 | |
16,340 | 14,389 | 22,435 | 20,455 | 15,545 | 24,242 | 18,607 | 17,471 | 17,832 | 20,972 | 20,653 | 20,678 | |
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 |
OPM % | 15% | 11% | 17% | 19% | 17% | -23% | 7% | 1% | 9% | 6% | 9% | 15% |
1,260 | 2,768 | 2,563 | 3,438 | 4,281 | 7,206 | 3,221 | 6,754 | 830 | -50 | 1,057 | 7,926 | |
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 |
Depreciation | 534 | 833 | 1,544 | 1,688 | 1,254 | 1,292 | 1,389 | 1,352 | 1,283 | 1,448 | 1,503 | 1,421 |
Profit before tax | 1,841 | 1,384 | 511 | 943 | 1,006 | -1,178 | 815 | 2,939 | -656 | -2,466 | -605 | 8,484 |
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 | |
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 |
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: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 37% |
3 Years: | 93% |
TTM: | 516% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 64% |
3 Years: | 54% |
1 Year: | 105% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 10% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 352 | 396 | 396 |
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 |
24,289 | 25,770 | 30,550 | 25,814 | 25,441 | 17,772 | 17,147 | 13,907 | 12,718 | 11,510 | 9,895 | 6,361 | |
18,048 | 18,103 | 48,567 | 49,121 | 50,711 | 36,247 | 37,921 | 37,226 | 37,277 | 40,096 | 40,517 | 45,049 | |
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 |
10,301 | 17,697 | 32,887 | 36,567 | 39,393 | 24,948 | 23,253 | 19,505 | 19,002 | 19,756 | 17,757 | 17,714 | |
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 |
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 |
29,557 | 30,451 | 49,712 | 46,212 | 44,342 | 33,911 | 37,683 | 38,696 | 36,503 | 35,791 | 36,196 | 38,083 | |
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 |
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 | 110 | -85 | -111 | -309 | -261 | -276 | -219 | -242 | -278 | -272 | -332 |
ROCE % | 6% | 6% | 11% | 10% | 12% | 18% | 11% | 19% | 5% | 9% | 7% | 34% |
Documents
Announcements
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Notice For Proposed Transfer Of Unclaimed/Unencashed Dividend And The Eligible Equity Shares To Investor Education And Protection Fund Authority
6h - Notice on transfer of unclaimed 2017-18 dividends and shares to IEPF by Oct 23, 2025.
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Board Meeting Intimation for Board Meeting
1d - Board meeting on July 25 to approve Q1 FY26 unaudited financial results.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
1d - NCLAT stays CIRP for Reliance Infrastructure; Rs.15,000 paid; further pleadings due by August 2025.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
18 Jul - NCLAT stays Corporate Insolvency Resolution Process against Reliance Infrastructure; next hearing August 27, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Jul
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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.