Reliance Infrastructure Ltd

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

Reliance Infrastructure Ltd

₹ 227 -1.11%
27 Oct 10:51 a.m.
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 ₹ 9,290 Cr.
  • Current Price ₹ 227
  • High / Low ₹ 425 / 198
  • Stock P/E 2.08
  • Book Value ₹ 364
  • 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 0.63 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.10,568 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

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
6,172 6,229 4,111 4,186 5,565 7,153 4,638 4,686 7,193 7,258 5,033 4,108 5,908
5,838 5,463 3,816 4,349 5,431 6,495 4,113 4,369 6,517 6,647 4,427 4,094 5,686
Operating Profit 334 766 294 -162 134 658 525 317 676 611 606 14 222
OPM % 5% 12% 7% -4% 2% 9% 11% 7% 9% 8% 12% 0% 4%
652 213 673 -1,395 313 221 424 616 63 3,744 -2,974 8,949 849
Interest 527 567 657 643 571 610 578 552 470 472 468 374 409
Depreciation 350 365 368 366 371 387 379 366 348 355 359 360 375
Profit before tax 109 47 -57 -2,565 -495 -118 -7 15 -78 3,527 -3,195 8,229 287
Tax % 3% -6% 14% -0% -0% 5% 228% 136% -11% 0% 0% -0% -2%
71 -25 -127 -2,484 -567 -182 -301 -98 -93 4,195 -3,186 8,262 305
EPS in Rs -3.28 -6.17 -9.31 -76.90 -19.13 -7.42 -10.63 -5.57 -5.90 103.06 -83.26 110.75 1.46
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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 22,307
16,340 14,389 22,435 20,455 15,545 24,242 18,607 17,471 17,832 20,972 20,653 20,678 20,853
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 1,454
OPM % 15% 11% 17% 19% 17% -23% 7% 1% 9% 6% 9% 15% 7%
1,260 2,768 2,563 3,438 4,281 7,206 3,221 6,754 830 -50 1,057 7,926 10,568
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 1,723
Depreciation 534 833 1,544 1,688 1,254 1,292 1,389 1,352 1,283 1,448 1,503 1,421 1,448
Profit before tax 1,841 1,384 511 943 1,006 -1,178 815 2,939 -656 -2,466 -605 8,484 8,849
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 9,576
EPS in Rs 72.77 68.45 28.88 54.19 47.74 -92.28 29.32 42.79 -37.98 -91.57 -40.61 124.64 132.01
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: -6%
Compounded Profit Growth
10 Years: 11%
5 Years: 37%
3 Years: 86%
TTM: 402%
Stock Price CAGR
10 Years: -5%
5 Years: 63%
3 Years: 17%
1 Year: -17%
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
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 -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

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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