Reliance Infrastructure Ltd

Reliance Infrastructure (RInfra) is involved in the infrastructure sector. The Company is a utility company with presence across the chain of power businesses, such as generation, transmission, distribution and power trading.

  • Market Cap: 767.93 Cr.
  • Current Price: 29.20
  • 52 weeks High / Low 51.45 / 8.65
  • Book Value: 526.86
  • Stock P/E: 2.54
  • Dividend Yield: 0.00 %
  • ROCE: 11.46 %
  • ROE: 7.58 %
  • Sales Growth (3Yrs): -8.29 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.06 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 3.75% over past five years.
Promoter holding is low: 14.72%
Tax rate seems low
Company has a low return on equity of 9.64% for last 3 years.
Contingent liabilities of Rs.9441.53 Cr.
Promoters have pledged 98.01% of their holding.
Earnings include an other income of Rs.3887.85 Cr.
Promoter holding has decreased over last 3 years: -35.08%
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Infrastructure Developers & Operators // Industry: Engineering - Turnkey Services

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
5,355 4,091 3,075 5,374 5,726 4,090 3,985 5,467 5,822 3,955 3,626 3,533
4,218 3,234 2,809 5,038 5,230 3,898 3,626 4,832 5,142 3,983 3,896 3,756
Operating Profit 1,137 857 266 336 496 191 358 635 680 -28 -270 -222
OPM % 21% 21% 9% 6% 9% 5% 9% 12% 12% -1% -7% -6%
Other Income 968 824 1,596 753 874 1,045 -1,359 613 535 1,272 1,160 921
Interest 1,392 1,230 1,375 745 742 560 533 595 560 566 675 662
Depreciation 349 316 308 312 312 314 353 339 337 340 370 331
Profit before tax 365 135 180 32 315 362 -1,887 313 320 338 -156 -296
Tax % -25% -74% 5% -841% 12% -4% -0% -2% 2% -6% 22% 2%
Net Profit 544 301 134 250 232 294 -3,202 299 280 346 -154 -288
EPS in Rs 20.68 11.46 5.08 9.51 8.81 11.17 -121.76 11.37 10.66 13.14 -6.85 -10.97
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
12,752 14,536 15,220 24,216 22,485 19,151 16,185 26,952 25,229 18,728 19,731 19,457 16,936
12,122 13,310 13,424 21,497 20,215 16,345 15,711 22,435 21,077 15,336 24,242 18,207 16,777
Operating Profit 630 1,226 1,796 2,720 2,270 2,806 474 4,518 4,152 3,392 -4,511 1,251 160
OPM % 5% 8% 12% 11% 10% 15% 3% 17% 16% 18% -23% 6% 1%
Other Income 1,477 1,119 693 814 2,130 1,265 4,090 2,563 4,061 4,073 7,206 3,347 3,888
Interest 439 525 645 1,336 1,687 1,696 2,347 5,026 5,581 5,204 2,581 2,396 2,463
Depreciation 330 472 487 394 551 534 833 1,544 1,688 1,254 1,292 1,387 1,379
Profit before tax 1,337 1,347 1,356 1,804 2,161 1,841 1,384 511 943 1,006 -1,178 815 205
Tax % 6% 11% 9% 30% 9% 15% 5% 44% -15% -15% 20% -6%
Net Profit 1,353 1,519 1,552 1,587 2,247 1,914 1,800 760 1,425 1,256 -2,427 771 184
EPS in Rs 58.67 60.84 56.85 59.14 84.16 71.60 66.81 27.08 54.18 47.73 0.00 29.32 5.98
Dividend Payout % 12% 11% 12% 12% 9% 10% 12% 29% 17% 20% -0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.96%
5 Years:3.75%
3 Years:-8.29%
TTM:-12.10%
Compounded Profit Growth
10 Years:-4.28%
5 Years:-9.29%
3 Years:60.25%
TTM:-91.70%
Stock Price CAGR
10 Years:-30.52%
5 Years:-41.30%
3 Years:-61.91%
1 Year:-37.20%
Return on Equity
10 Years:6.37%
5 Years:6.23%
3 Years:9.64%
Last Year:7.58%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
226 245 267 263 263 263 263 263 263 263 263 263
Reserves 15,888 19,918 23,340 23,981 25,858 26,328 26,711 21,426 23,110 23,436 13,919 9,530
Borrowings 10,105 8,584 11,674 18,290 21,976 24,289 25,770 30,550 25,814 25,441 17,772 17,066
8,314 9,371 15,553 18,874 18,399 18,048 18,103 48,530 49,095 50,692 36,240 38,002
Total Liabilities 34,534 38,118 50,835 61,408 66,496 68,928 70,847 100,769 98,282 99,832 68,194 64,861
5,469 6,580 12,631 11,220 11,316 10,301 17,697 32,887 36,567 39,393 24,948 23,253
CWIP 3,558 4,639 2,423 7,484 9,941 10,789 5,081 4,971 2,360 3,005 2,592 2,529
Investments 15,936 13,659 13,794 12,302 12,968 18,280 17,618 13,200 13,143 13,092 6,742 1,394
9,570 13,240 21,987 30,403 32,271 29,557 30,451 49,712 46,212 44,342 33,911 37,683
Total Assets 34,534 38,118 50,835 61,408 66,496 68,928 70,847 100,769 98,282 99,832 68,194 64,861

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
918 168 652 -1,366 2,636 4,412 3,290 10,296 8,678 8,153 684 2,875
-1,703 -609 -5,008 -2,427 -7,696 -5,936 -1,726 -5,690 -75 -805 2,759 -794
1,128 432 4,542 4,580 4,163 1,721 -1,707 -4,704 -8,452 -7,428 -3,334 -1,979
Net Cash Flow 343 -9 186 787 -897 197 -143 -98 152 -80 109 101

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 6% 6% 8% 7% 6% 6% 11% 10% 12% 18% 11%
Debtor Days 55 56 69 74 61 95 124 76 82 106 83 93
Inventory Turnover 16.59 17.76 22.78 24.32 24.56 19.88 16.55 24.52 29.05 25.98 50.00 190.21

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
49.74 49.60 49.54 49.45 49.45 49.31 40.98 39.69 39.69 34.83 14.70 14.69
22.45 24.74 25.33 26.89 26.05 26.51 30.73 25.96 22.54 15.68 13.30 9.80
14.57 12.85 12.85 11.71 12.08 11.77 8.56 7.38 6.99 6.61 9.46 9.44
0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
13.01 12.59 12.05 11.72 12.19 12.18 19.50 26.74 30.56 42.66 62.32 65.84
0.18 0.18 0.18 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17