Reliance Industries Share Price Target 2024-2030 Fundamentals & Quarterly Results

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 Share Price Target


Reliance Industries Overview

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 NameReliance Industries Ltd
Listed atNSE & BSE
Head OfficeReliance Industries Limited Maker Chambers – IV, Nariman Point Mumbai 400 021, India
Board Of Directors
  • Mr.Mukesh D Ambani Chairman & Managing Director
  • Mr.Nikhil R Meswani Executive Director
  • Mr.Hital R Meswani Executive Director
  • Mr.P M S Prasad Executive Director
  • Mr.Haigreve Khaitan Non Executive Director
  • Dr.Shumeet Banerji Non Executive Director
  • Mr.K V Chowdary Non Executive Director
  • Ms.Isha M Ambani Non Executive Director
  • Mr.Raminder Singh Gujral Non Executive Director
  • Mrs.Arundhati Bhattacharya Non Executive Director
  • Mr.Yasir Othman H Al Rumayyan Non Executive Director
  • Mr.Anant M Ambani Non Executive Director
  • Mr.K V Kamath Non Executive Director
  • Mr.Akash M Ambani Non Executive Director
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/E27.4
Book Value₹ 1,211
Dividend Yield0.36 %
ROCE9.61 %
ROE9.25 %
Face Value₹ 10.0
Debt to Equity0.44
Debt Capacity0.16
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 Percentage0.00 %
Free Cash Flow (Prev Ann)₹ -16,770 Cr.
EV/EBITDA11.9
Industry PE10.0
PEG Ratio2.28
Piotroski Score6.00
Earnings Yield5.91 %
Sales Growth (5 Years)9.61 %

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Reliance Industries Quarterly Results

QuarterSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales229,409216,737212,834207,559231,886225,086236,533231,784231,535
Expenses198,438181,728174,478169,466190,918184,430194,017193,019192,477
Operating Profit30,97135,00938,35638,09340,96840,65642,51638,76539,058
OPM %14%16%18%18%18%18%18%17%17%
Other Income3,6563,3772,9963,8133,8414,0224,5343,9834,876
Interest4,5545,2015,8195,8375,7315,7895,7615,9186,017
Depreciation9,72610,18311,45211,77512,58512,90313,56913,59612,880
Profit Before Tax20,34723,00224,08124,29426,49325,98627,72023,23425,037
Tax %24%23%11%25%25%24%24%25%24%
Net Profit15,51217,80621,32718,25819,87819,64121,24317,44519,323
EPS in ₹20.1923.3428.5323.6725.7125.5228.0122.3724.48

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CAGR Report

10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth8%10%24%6%
Compounded Profit Growth13%12%16%-1%
Stock Price CAGR20%17%3%17%
Return on Equity10%9%9%9%

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Reliance Industries Share holding Pattern

YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters47.45%47.27%50.07%50.58%50.66%50.41%50.31%50.33%
FIIs24.46%24.39%24.08%25.66%24.23%22.49%22.06%21.75%
DIIs11.23%11.86%13.78%12.62%14.23%16.06%16.98%17.30%
Government0.15%0.18%0.20%0.20%0.17%0.16%0.19%0.19%
Public16.72%16.29%11.87%10.94%10.71%10.89%10.46%10.43%
No. of Shareholders22,66,00022,11,23126,32,16830,31,27233,27,84736,39,39634,63,27634,93,125

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Reliance Industries Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-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

Reliance Industries Share Price Target 2025

MonthTarget
January₹4510
February₹4600
March₹4692
April₹4536
May₹4385
June₹4239
July₹4409
August₹4585
September₹4768
October₹4863
November₹4960
December₹5059

Reliance Industries Share Price Target 2026

MonthTarget
January₹5160
February₹5263
March₹5368
April₹5189
May₹5016
June₹4849
July₹5043
August₹5245
September₹5455
October₹5564
November₹5675
December₹5789

Reliance Industries Share Price Target 2027

MonthTarget
January₹5905
February₹6023
March₹6143
April₹5938
May₹5740
June₹5549
July₹5771
August₹6002
September₹6242
October₹6367
November₹6494
December₹6624

Reliance Industries Share Price Target 2028

MonthTarget
January₹6756
February₹6891
March₹7029
April₹6795
May₹6569
June₹6350
July₹6604
August₹6868
September₹7143
October₹7286
November₹7432
December₹7581

Reliance Industries Share Price Target 2029

MonthTarget
January₹7733
February₹7888
March₹8046
April₹7778
May₹7519
June₹7269
July₹7560
August₹7862
September₹8176
October₹8340
November₹8507
December₹8677

Reliance Industries Share Price Target 2030

MonthTarget
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

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