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 ₹ 11,908 Cr.
- Current Price ₹ 301
- High / Low ₹ 351 / 144
- Stock P/E
- Book Value ₹ 318
- Dividend Yield 0.00 %
- ROCE 7.38 %
- ROE -11.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.95 times its book value
- Debtor days have improved from 48.4 to 27.2 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.94% over past five years.
- Promoter holding is low: 16.5%
- Company has a low return on equity of -6.22% over last 3 years.
- Contingent liabilities of Rs.6,473 Cr.
- Earnings include an other income of Rs.4,847 Cr.
- Company's cost of borrowing seems high
* 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: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Part of Nifty Total Market BSE SmallCap BSE Allcap Nifty Microcap 250 BSE Utilities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
22,485 | 19,151 | 16,185 | 26,952 | 25,229 | 18,728 | 19,731 | 19,990 | 17,735 | 19,689 | 22,398 | 22,805 | 23,775 | |
19,506 | 16,340 | 14,389 | 22,435 | 20,455 | 15,545 | 24,242 | 18,607 | 17,471 | 17,832 | 20,972 | 20,653 | 21,645 | |
Operating Profit | 2,979 | 2,811 | 1,796 | 4,518 | 4,774 | 3,183 | -4,511 | 1,383 | 264 | 1,857 | 1,427 | 2,151 | 2,130 |
OPM % | 13% | 15% | 11% | 17% | 19% | 17% | -23% | 7% | 1% | 9% | 6% | 9% | 9% |
1,421 | 1,260 | 2,768 | 2,563 | 3,438 | 4,281 | 7,206 | 3,221 | 6,754 | 830 | -50 | 1,057 | 4,847 | |
Interest | 1,687 | 1,696 | 2,347 | 5,026 | 5,581 | 5,204 | 2,581 | 2,400 | 2,727 | 2,060 | 2,393 | 2,310 | 2,072 |
Depreciation | 551 | 534 | 833 | 1,544 | 1,688 | 1,254 | 1,292 | 1,389 | 1,352 | 1,283 | 1,448 | 1,503 | 1,448 |
Profit before tax | 2,161 | 1,841 | 1,384 | 511 | 943 | 1,006 | -1,178 | 815 | 2,939 | -656 | -2,466 | -605 | 3,458 |
Tax % | 9% | 15% | 5% | 44% | -15% | -15% | -20% | -6% | -6% | 3% | 0% | 7% | |
2,253 | 1,920 | 1,725 | 693 | 1,394 | 1,214 | -2,323 | 908 | 3,116 | -868 | -2,564 | -1,148 | 3,703 | |
EPS in Rs | 85.43 | 72.77 | 68.45 | 28.88 | 54.19 | 47.74 | -92.28 | 29.32 | 42.79 | -37.98 | -91.57 | -40.61 | 80.96 |
Dividend Payout % | 9% | 10% | 12% | 29% | 17% | 20% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 9% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 55% |
Stock Price CAGR | |
---|---|
10 Years: | -5% |
5 Years: | 71% |
3 Years: | 41% |
1 Year: | 44% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 0% |
3 Years: | -6% |
Last Year: | -12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 352 | 396 | 396 |
Reserves | 25,858 | 26,328 | 26,711 | 21,389 | 23,084 | 23,417 | 13,913 | 9,529 | 10,597 | 12,144 | 8,942 | 8,351 | 12,200 |
21,976 | 24,289 | 25,770 | 30,550 | 25,814 | 25,441 | 17,772 | 17,147 | 13,907 | 12,718 | 11,510 | 9,895 | 6,738 | |
18,399 | 18,048 | 18,103 | 48,567 | 49,121 | 50,711 | 36,247 | 37,921 | 37,226 | 37,277 | 40,096 | 40,517 | 40,890 | |
Total Liabilities | 66,496 | 68,928 | 70,847 | 100,769 | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,403 | 60,899 | 59,159 | 60,224 |
11,316 | 10,301 | 17,697 | 32,887 | 36,567 | 39,393 | 24,948 | 23,253 | 19,505 | 19,002 | 19,756 | 17,757 | 17,618 | |
CWIP | 9,941 | 10,789 | 5,081 | 4,971 | 2,360 | 3,005 | 2,592 | 2,529 | 2,025 | 2,198 | 1,015 | 1,302 | 1,366 |
Investments | 12,968 | 18,280 | 17,618 | 13,200 | 13,143 | 13,092 | 6,742 | 1,394 | 1,769 | 4,700 | 4,338 | 3,904 | 4,622 |
32,271 | 29,557 | 30,451 | 49,712 | 46,212 | 44,342 | 33,911 | 37,683 | 38,696 | 36,503 | 35,791 | 36,196 | 36,617 | |
Total Assets | 66,496 | 68,928 | 70,847 | 100,769 | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,403 | 60,899 | 59,159 | 60,224 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,636 | 4,412 | 3,290 | 10,296 | 8,678 | 8,153 | 684 | 2,875 | 1,436 | 3,799 | 3,458 | 4,097 | |
-7,696 | -5,936 | -1,726 | -5,690 | -75 | -805 | 2,759 | -808 | 18 | -502 | -1,333 | 415 | |
4,163 | 1,721 | -1,707 | -4,704 | -8,452 | -7,428 | -3,334 | -1,979 | -1,531 | -2,942 | -2,242 | -3,648 | |
Net Cash Flow | -897 | 197 | -143 | -98 | 152 | -80 | 109 | 87 | -77 | 356 | -117 | 865 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 61 | 95 | 124 | 76 | 82 | 106 | 83 | 90 | 81 | 76 | 42 | 27 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 61 | 95 | 124 | 76 | 82 | 106 | 83 | 90 | 81 | 76 | 42 | 27 |
Working Capital Days | 79 | 78 | 110 | -85 | -111 | -309 | -261 | -276 | -219 | -242 | -278 | -303 |
ROCE % | 7% | 6% | 6% | 11% | 10% | 12% | 18% | 11% | 19% | 5% | 9% | 7% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
14h - Incorporation of Reliance EV Go Private Limited as subsidiary.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
6 Dec - Information on lost share certificates by shareholders.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
5 Dec - Issuance of Letters of Confirmation for lost share certificates.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
4 Dec - Information on lost share certificates by shareholders.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
29 Nov - Incorporation of two new subsidiaries by Reliance Velocity Limited.
Annual reports
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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
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Financial Year 2011
from bse
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.