Reliance Industrial Infrastructure Ltd
Reliance Industrial Infrastructure Limited is mainly engaged in the business of setting up/operating industrial infrastructure. It is a Reliance Group Company (RIL holdings 45.43%). The Company has its operations mainly in the Mumbai and the Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat.[1][2]
- Market Cap ₹ 1,353 Cr.
- Current Price ₹ 895
- High / Low ₹ 1,260 / 726
- Stock P/E 112
- Book Value ₹ 312
- Dividend Yield 0.39 %
- ROCE 2.92 %
- ROE 2.57 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 38.0%
Cons
- Stock is trading at 2.87 times its book value
- The company has delivered a poor sales growth of -9.11% over past five years.
- Company has a low return on equity of 2.69% over last 3 years.
- Earnings include an other income of Rs.26.4 Cr.
- Debtor days have increased from 27.6 to 42.7 days.
* 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
Services Services Transport Services Logistics Solution Provider
Part of BSE SmallCap BSE Allcap BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 71 | 90 | 102 | 93 | 89 | 85 | 80 | 54 | 65 | 68 | 58 | 49 | 49 | |
| 37 | 64 | 80 | 74 | 73 | 74 | 72 | 49 | 61 | 65 | 64 | 61 | 60 | |
| Operating Profit | 34 | 26 | 22 | 19 | 16 | 11 | 7 | 5 | 4 | 3 | -6 | -12 | -11 | 
| OPM % | 47% | 29% | 22% | 20% | 18% | 13% | 9% | 10% | 7% | 4% | -11% | -24% | -21% | 
| 10 | 11 | 12 | 16 | 14 | 17 | 18 | 18 | 17 | 23 | 28 | 27 | 26 | |
| Interest | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 
| Depreciation | 5 | 11 | 12 | 14 | 14 | 14 | 14 | 13 | 10 | 6 | 3 | 1 | 1 | 
| Profit before tax | 37 | 26 | 22 | 21 | 16 | 14 | 11 | 10 | 11 | 20 | 19 | 14 | 14 | 
| Tax % | 34% | 10% | 24% | 18% | 33% | 31% | 12% | 4% | 22% | 11% | 30% | 12% | |
| 45 | 23 | 17 | 17 | 11 | 9 | 10 | 10 | 8 | 18 | 13 | 12 | 12 | |
| EPS in Rs | 29.77 | 15.21 | 10.95 | 11.27 | 7.20 | 6.17 | 6.43 | 6.39 | 5.53 | 11.64 | 8.82 | 7.93 | 8.01 | 
| Dividend Payout % | 12% | 23% | 32% | 31% | 49% | 49% | 47% | 47% | 54% | 30% | 40% | 44% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -6% | 
| 5 Years: | -9% | 
| 3 Years: | -9% | 
| TTM: | -9% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% | 
| 5 Years: | 4% | 
| 3 Years: | 13% | 
| TTM: | -9% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% | 
| 5 Years: | 19% | 
| 3 Years: | -7% | 
| 1 Year: | -20% | 
| Return on Equity | |
|---|---|
| 10 Years: | 3% | 
| 5 Years: | 3% | 
| 3 Years: | 3% | 
| Last Year: | 3% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 
| Reserves | 174 | 277 | 314 | 327 | 339 | 356 | 355 | 397 | 420 | 416 | 456 | 447 | 456 | 
| 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 250 | 57 | 54 | 42 | 44 | 39 | 44 | 37 | 35 | 45 | 62 | 75 | 66 | |
| Total Liabilities | 464 | 349 | 382 | 384 | 398 | 410 | 414 | 449 | 470 | 476 | 534 | 537 | 537 | 
| 39 | 111 | 114 | 102 | 89 | 78 | 64 | 53 | 43 | 37 | 29 | 27 | 27 | |
| CWIP | 202 | 3 | 4 | 5 | 6 | 4 | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 
| Investments | 29 | 187 | 221 | 243 | 262 | 292 | 300 | 351 | 392 | 268 | 321 | 308 | 306 | 
| 194 | 47 | 44 | 34 | 41 | 36 | 47 | 43 | 34 | 172 | 184 | 202 | 205 | |
| Total Assets | 464 | 349 | 382 | 384 | 398 | 410 | 414 | 449 | 470 | 476 | 534 | 537 | 537 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 134 | 41 | 16 | 26 | 12 | 13 | 1 | -4 | 6 | 23 | 2 | -3 | |
| -92 | -33 | -10 | -19 | -7 | -7 | 5 | 7 | -1 | -19 | 3 | 9 | |
| -42 | -6 | -6 | -6 | -6 | -6 | -6 | -5 | -5 | -5 | -5 | -5 | |
| Net Cash Flow | -0 | 1 | 0 | 1 | -1 | -0 | 1 | -2 | 0 | -0 | -0 | 0 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 65 | 78 | 75 | 76 | 62 | 112 | 132 | 91 | 20 | 21 | 43 | 
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 44 | 65 | 78 | 75 | 76 | 62 | 112 | 132 | 91 | 20 | 21 | 43 | 
| Working Capital Days | -165 | 12 | 35 | 31 | 49 | 44 | 55 | 115 | 62 | 714 | 836 | 985 | 
| ROCE % | 5% | 3% | 5% | 4% | 3% | 3% | 3% | 3% | 4% | 3% | 
Documents
Announcements
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          Announcement under Regulation 30 (LODR)-Change in Registered Office Address
          
            15 Oct - Board approved shifting registered office effective November 1, 2025 to 4th Floor, Court House, Dhobi Talao, Mumbai.
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          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            15 Oct - Q2 FY25-26 consolidated net profit ₹306 lakh; standalone net profit ₹258 lakh; quarter ended Sept 30, 2025.
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          Results - Financial Results For Quarter And Half Year Ended September 30, 2025
          
            15 Oct - Unaudited Q2/H1 FY25-26 results: consolidated net profit ₹306L (Q2), ₹616L (H1); board approved, limited review.
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          Board Meeting Outcome for Results - Financial Results For Quarter And Half Year Ended September 30, 2025
          
            15 Oct - Unaudited Q2/H1 FY25-26 results approved Oct 15, 2025: Consolidated Q2 net profit ₹306 lakh; H1 ₹616 lakh.
- 
        
          Newspaper Clippings- ''Special Window For Re-Lodgement Of Transfer Requests Of Physical Shares''
          
            13 Oct - Advertisement published; special window for re-lodgement of physical share transfers open until Jan 6, 2026.
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
      from nse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
History
The Company was incorporated in September 1988 as a Public Limited Company under the name of "Chembur Patalganga Pipelines Limited". The name of the Company was subsequently changed to "CPPL Limited" in September 1992 and thereafter to its present name viz., "Reliance Industrial Infrastructure Limited" in March 1994. The Company commenced its commercial operation in March 1992. [1]