Reliance Industries Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Reliance Industries Ltd (RIL) is a large corporation with a wide range of business divisions including the energy, petrochemicals, textile, retail, entertainment, materials, and telecommunication industries and other sectors.
The firm is involved in the exploration, development, and production of oil and gas, the refining of crude oil, distributing various petroleum products, and engaging in petrochemicals manufacturing. Its refined products encompass propylene, petrol, naphtha, aviation fuel, alkylate, sulfur, and petroleum coke. The business retails market-focused chemical products such as aromatics, elastomers, and polyesters. It has a chain of retail outlets that include food and grocery stores, shoe shops, hypermarkets and other specialty retail shops. The organisation also offers digital goods such as telephone and broadband internet services and security services. RIL is based out of Mumbai, the Indian state of Maharashtra.
Reliance Industries Overview
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Dhirubhai Ambani established Reliance, which is currently run and backed by his older son Mukesh Dhirubhai Ambani. Mukesh Ambani targets roughly 50 percent ownership of the group along with the rest of his family.
Company Name | Reliance Industries Ltd |
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Listed at | NSE & BSE |
Head Office | Reliance Industries Limited Maker Chambers – IV, Nariman Point Mumbai 400 021, India |
Board Of Directors |
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Official Website | ril.com |
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Reliance Industries Business Profile
Reliance Industries Ltd. is involved in various sectors such as hydrocarbon exploration and production, refining and marketing of petroleum products, manufacturing of petrochemicals, retailing, and providing telecommunication services. Its operations are structured into the following business segments: Refining, Petrochemicals, Oil and Gas, Organised Retail, Digital Services and Others.
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The activities encompassed within the Refining segment cover the operations related to the production and distribution of petroleum products. By Petrochemical segment, we mean the activities involving the production and selling of petrochemical commodities. The Oil and Gas segment covers activities related to searching, developing and extracting oil and gases.
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OIL TO CHEMICALS SEGMENT
As far as the segment is concerned, the company refines crude oil mainly for the purpose of production/ extraction of transportation fuels, polymers and elastomers, intermediates, and polyesters. Its plants and manufacturing facilities are geographically dispersed across India in the cities of Jamnagar, Hazira, Dahej, Nagothane, Vadodara and others.
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The company operates a crude refining unit with a productive capacity of 1.4 million barrels per day. Furthermore, the company also boasts the record for operating the largest refinery complex at a single location in the world. The company recorded a total throughput of ~77 million metric tonnes in FY22 out of which ~89% was for sale.
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RETAIL SEGMENT
The organization has a number of retail chain formats and is the largest in the country, selling a wide range of consumer goods, including electronics, fashion, food, pharmaceuticals, and telecommunication. Furthermore, the company has around 15,200 retail outlets and serves around 190 million customers. The store brands include Reliance Fresh, Reliance Digital, Reliance Trends, Hamleys, Jio Outlets, Netmeds, ResQ, and others. Besides, it has multiple online platforms such as JioMart, Milkbasket, Reliance Retail, Ajio, Zivame, Urban Ladder, Netmeds, among others. The segment has also seen acquisitions of Justdial, 7-Eleven, Milkbasket, Manish Malhotra, Clovia, and Dunzo, to name a few, among others.
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OIL & GAS
As an integrated Exploration and Production (E&P) Operator, RIL is also the largest Deepwater Operator in India. The domestic portfolio contains several conventional oil and gas blocks in the Krishna Godavari and Mahanadi basins and two Coal Bed Methane blocks, Sohagpur (East) and Sohagpur (West) situated in Madhya Pradesh. The business experienced higher growth in gas production due to the sharp increase in production from KGD6 block situated in the Krishna-Godawari Basin. It increased from 2% of total gas production in India during Q3FY21 to ~20% in the fiscal year 2022.
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Media & Entertainment Business
The firm possesses Network 18 Media, which operates in multiple content genres dominated by the likes of news, entertainment, sports, film, and live entertainment. Channels like CNBC TV, Colors, MTV, nick, History tv, and so on are a part of its portfolio. In addition, it operates digital platforms such as moneycontrol, News 18, CNBC, firstpost, voot and bookmyshow.
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Reliance Industries Fundamentals & Quarterly Results
Market Cap | ₹ 18,57,322 Cr. |
Current Price | ₹ 2,745 |
High / Low | ₹ 3,218 / ₹ 2,220 |
Stock P/E | 27.4 |
Book Value | ₹ 1,211 |
Dividend Yield | 0.36 % |
ROCE | 9.61 % |
ROE | 9.25 % |
Face Value | ₹ 10.0 |
Debt to Equity | 0.44 |
Debt Capacity | 0.16 |
Debt (preceding year) | ₹ 4,51,664 Cr. |
Debt (current year) | ₹ 3,57,525 Cr. |
Reserves | ₹ 8,12,687 Cr. |
EPS | ₹ 100 |
EPS (last year) | ₹ 103 |
Pledged Percentage | 0.00 % |
Free Cash Flow (Prev Ann) | ₹ -16,770 Cr. |
EV/EBITDA | 11.9 |
Industry PE | 10.0 |
PEG Ratio | 2.28 |
Piotroski Score | 6.00 |
Earnings Yield | 5.91 % |
Sales Growth (5 Years) | 9.61 % |
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Reliance Industries Quarterly Results
Quarter | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
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Sales | 229,409 | 216,737 | 212,834 | 207,559 | 231,886 | 225,086 | 236,533 | 231,784 | 231,535 |
Expenses | 198,438 | 181,728 | 174,478 | 169,466 | 190,918 | 184,430 | 194,017 | 193,019 | 192,477 |
Operating Profit | 30,971 | 35,009 | 38,356 | 38,093 | 40,968 | 40,656 | 42,516 | 38,765 | 39,058 |
OPM % | 14% | 16% | 18% | 18% | 18% | 18% | 18% | 17% | 17% |
Other Income | 3,656 | 3,377 | 2,996 | 3,813 | 3,841 | 4,022 | 4,534 | 3,983 | 4,876 |
Interest | 4,554 | 5,201 | 5,819 | 5,837 | 5,731 | 5,789 | 5,761 | 5,918 | 6,017 |
Depreciation | 9,726 | 10,183 | 11,452 | 11,775 | 12,585 | 12,903 | 13,569 | 13,596 | 12,880 |
Profit Before Tax | 20,347 | 23,002 | 24,081 | 24,294 | 26,493 | 25,986 | 27,720 | 23,234 | 25,037 |
Tax % | 24% | 23% | 11% | 25% | 25% | 24% | 24% | 25% | 24% |
Net Profit | 15,512 | 17,806 | 21,327 | 18,258 | 19,878 | 19,641 | 21,243 | 17,445 | 19,323 |
EPS in ₹ | 20.19 | 23.34 | 28.53 | 23.67 | 25.71 | 25.52 | 28.01 | 22.37 | 24.48 |
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CAGR Report
10 Years | 5 Years | 3 Years | TTM / 1 Year | |
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Compounded Sales Growth | 8% | 10% | 24% | 6% |
Compounded Profit Growth | 13% | 12% | 16% | -1% |
Stock Price CAGR | 20% | 17% | 3% | 17% |
Return on Equity | 10% | 9% | 9% | 9% |
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Year | Initial Target | Mid-Year Target | Year-End Target |
---|---|---|---|
2024 | ₹3554.02 | ₹4096.17 | ₹4421.46 |
2025 | ₹4510 | ₹4239 | ₹5059 |
2026 | ₹5160 | ₹4849 | ₹5789 |
2027 | ₹5905 | ₹5549 | ₹6624 |
2028 | ₹6756 | ₹6350 | ₹7581 |
2029 | ₹7733 | ₹7269 | ₹8677 |
2030 | ₹8851 | ₹8319 | ₹9931 |
Month | Target |
January | ₹4510 |
February | ₹4600 |
March | ₹4692 |
April | ₹4536 |
May | ₹4385 |
June | ₹4239 |
July | ₹4409 |
August | ₹4585 |
September | ₹4768 |
October | ₹4863 |
November | ₹4960 |
December | ₹5059 |
Month | Target |
January | ₹5160 |
February | ₹5263 |
March | ₹5368 |
April | ₹5189 |
May | ₹5016 |
June | ₹4849 |
July | ₹5043 |
August | ₹5245 |
September | ₹5455 |
October | ₹5564 |
November | ₹5675 |
December | ₹5789 |
Month | Target |
January | ₹5905 |
February | ₹6023 |
March | ₹6143 |
April | ₹5938 |
May | ₹5740 |
June | ₹5549 |
July | ₹5771 |
August | ₹6002 |
September | ₹6242 |
October | ₹6367 |
November | ₹6494 |
December | ₹6624 |
Month | Target |
January | ₹6756 |
February | ₹6891 |
March | ₹7029 |
April | ₹6795 |
May | ₹6569 |
June | ₹6350 |
July | ₹6604 |
August | ₹6868 |
September | ₹7143 |
October | ₹7286 |
November | ₹7432 |
December | ₹7581 |
Month | Target |
January | ₹7733 |
February | ₹7888 |
March | ₹8046 |
April | ₹7778 |
May | ₹7519 |
June | ₹7269 |
July | ₹7560 |
August | ₹7862 |
September | ₹8176 |
October | ₹8340 |
November | ₹8507 |
December | ₹8677 |
Month | Target |
January | ₹8851 |
February | ₹9028 |
March | ₹9209 |
April | ₹8902 |
May | ₹8606 |
June | ₹8319 |
July | ₹8652 |
August | ₹8998 |
September | ₹9358 |
October | ₹9545 |
November | ₹9736 |
December | ₹9931 |
Official Website – ril.com