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 ₹ 4,673 Cr.
- Current Price ₹ 133
- High / Low ₹ 201 / 80.8
- Stock P/E
- Book Value ₹ 264
- Dividend Yield 0.00 %
- ROCE 10.1 %
- ROE -1.64 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.51 times its book value
- Debtor days have improved from 67.4 to 45.3 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.97% over past five years.
- Promoter holding is low: 18.7%
- Company has a low return on equity of 0.34% over last 3 years.
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24,216 | 22,485 | 19,151 | 16,185 | 26,952 | 25,229 | 18,728 | 19,731 | 19,990 | 17,735 | 19,689 | 20,646 | |
21,484 | 19,506 | 16,340 | 14,389 | 22,435 | 20,455 | 15,545 | 24,242 | 18,607 | 17,471 | 17,832 | 19,427 | |
Operating Profit | 2,733 | 2,979 | 2,811 | 1,796 | 4,518 | 4,774 | 3,183 | -4,511 | 1,383 | 264 | 1,857 | 1,219 |
OPM % | 11% | 13% | 15% | 11% | 17% | 19% | 17% | -23% | 7% | 1% | 9% | 6% |
801 | 1,421 | 1,260 | 2,768 | 2,563 | 3,438 | 4,281 | 7,206 | 3,221 | 6,754 | 830 | 157 | |
Interest | 1,336 | 1,687 | 1,696 | 2,347 | 5,026 | 5,581 | 5,204 | 2,581 | 2,400 | 2,727 | 2,060 | 2,393 |
Depreciation | 394 | 551 | 534 | 833 | 1,544 | 1,688 | 1,254 | 1,292 | 1,389 | 1,352 | 1,283 | 1,448 |
Profit before tax | 1,804 | 2,161 | 1,841 | 1,384 | 511 | 943 | 1,006 | -1,178 | 815 | 2,939 | -656 | -2,466 |
Tax % | 30% | 9% | 15% | 5% | 44% | -15% | -15% | 20% | -6% | -6% | -3% | -0% |
Net Profit | 1,592 | 2,253 | 1,920 | 1,725 | 693 | 1,394 | 1,214 | -2,323 | 908 | 3,116 | -808 | -2,564 |
EPS in Rs | 60.34 | 85.43 | 72.77 | 68.45 | 28.88 | 54.19 | 47.74 | -92.28 | 29.32 | 42.79 | -35.68 | -91.57 |
Dividend Payout % | 12% | 9% | 10% | 12% | 29% | 17% | 20% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 2% |
3 Years: | 1% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 77% |
Stock Price CAGR | |
---|---|
10 Years: | -10% |
5 Years: | -21% |
3 Years: | 86% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 0% |
Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 352 | |
Reserves | 23,981 | 25,858 | 26,328 | 26,711 | 21,389 | 23,084 | 23,417 | 13,913 | 9,529 | 10,597 | 12,163 | 8,942 |
18,290 | 21,976 | 24,289 | 25,770 | 30,550 | 25,814 | 25,441 | 17,772 | 17,147 | 13,907 | 12,718 | 11,510 | |
18,874 | 18,399 | 18,048 | 18,103 | 48,567 | 49,121 | 50,711 | 36,247 | 37,921 | 37,226 | 37,415 | 40,190 | |
Total Liabilities | 61,408 | 66,496 | 68,928 | 70,847 | 100,769 | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,559 | 60,993 |
11,220 | 11,316 | 10,301 | 17,697 | 32,887 | 36,567 | 39,393 | 24,948 | 23,253 | 19,505 | 19,002 | 19,860 | |
CWIP | 7,484 | 9,941 | 10,789 | 5,081 | 4,971 | 2,360 | 3,005 | 2,592 | 2,529 | 2,025 | 2,198 | 911 |
Investments | 12,302 | 12,968 | 18,280 | 17,618 | 13,200 | 13,143 | 13,092 | 6,742 | 1,394 | 1,769 | 4,856 | 4,338 |
30,403 | 32,271 | 29,557 | 30,451 | 49,712 | 46,212 | 44,342 | 33,911 | 37,683 | 38,696 | 36,503 | 35,885 | |
Total Assets | 61,408 | 66,496 | 68,928 | 70,847 | 100,769 | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,559 | 60,993 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,366 | 2,636 | 4,412 | 3,290 | 10,296 | 8,678 | 8,153 | 684 | 2,875 | 1,436 | 2,980 | 3,458 | |
-2,427 | -7,696 | -5,936 | -1,726 | -5,690 | -75 | -805 | 2,759 | -808 | 18 | -502 | -1,333 | |
4,580 | 4,163 | 1,721 | -1,707 | -4,704 | -8,452 | -7,428 | -3,334 | -1,979 | -1,531 | -2,122 | -2,242 | |
Net Cash Flow | 787 | -897 | 197 | -143 | -98 | 152 | -80 | 109 | 87 | -77 | 356 | -117 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 61 | 95 | 124 | 76 | 82 | 106 | 83 | 90 | 81 | 76 | 45 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 74 | 61 | 95 | 124 | 76 | 82 | 106 | 83 | 90 | 81 | 76 | 45 |
Working Capital Days | 74 | 79 | 78 | 110 | -85 | -111 | -309 | -261 | -276 | -219 | -239 | -270 |
ROCE % | 8% | 7% | 6% | 6% | 11% | 10% | 12% | 18% | 11% | 21% | 6% | 10% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 31 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Compliance under Regulation 24A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 30 May
- Disclosure Under Regulation 32 Of The SEBI Listing Regulations 30 May
Annual reports
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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
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Financial Year 2011
from nse
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Financial Year 2010
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Financial Year 2010
from nse
Business Segments
Energy: The Co. is engaged in the Generation, Transmission, Distribution and Trading of power. It has a total power generation capacity of 441 MV. The Co. also has 3 active 3 transmission projects. The Co. through BSES Delhi Discom is also engaged in the distribution of power. The Co. is also involved in the trading of surplus power. [1][2]