Share Repurchase Activity Will Influence Revenue and Margin Performance Ahead

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

21 Aug 24

Updated

07 Dec 25

Views

82

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

1.4%

7D

3.8%

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1Y

1.4%

7D

3.8%

You can edit this narrative until Dec 8 4:10 AM. Then, changes will post as Updates.

Author's Valuation

US$319.388.6% undervalued

AnalystConsensusTarget Fair Value

Shared on 07 Dec 25

Fair value Decreased 1.16%

RS: Ongoing Share Repurchases Will Support Stronger Future Shareholder Returns

Analysts have modestly lowered their fair value estimate for Reliance from ₹323.13 to ₹319.38, citing a slightly higher discount rate and a softer profit margin outlook, partly offset by expectations of marginally stronger revenue growth and a small improvement in future valuation multiples. What's in the News Continued share buyback progress, with Reliance repurchasing 211,873 shares, or about 0.4% of its outstanding equity, between July 1 and September 30, 2025 (company filing) Total cumulative buyback under the program first announced on December 1, 1994 has reached 45,627,366 shares, amounting to $4,501.5 million (company filing) The latest tranche cost $60.9 million, underscoring ongoing capital return to shareholders alongside long running buyback activity (company filing) Valuation Changes The fair value estimate has edged down slightly from ₹323.13 to ₹319.38 per share.

Shared on 23 Nov 25

Fair value Increased 0.12%

RS: Ongoing Share Repurchases Will Sustain Future Shareholder Value Growth

Narrative Update on Reliance: Analyst Price Target Adjustment Analysts have raised Reliance's fair value estimate slightly from ₹322.75 to ₹323.13. This reflects marginal improvements in profit margin along with a modest adjustment in discount rate and growth expectations.

Shared on 08 Nov 25

Fair value Decreased 0.15%

RS: Continued Buyback Activity Will Drive Shareholder Value Higher

Analysts have slightly reduced their fair value estimate for Reliance, trimming it by ₹0.50 to ₹322.75. This adjustment reflects updated assumptions on discount rates, revenue growth, and profit margin forecasts.

Shared on 24 Oct 25

Fair value Decreased 1.79%

Analysts have revised their price target for Reliance downward from ₹329.13 to ₹323.25. They cite tempered expectations for revenue growth and profit margins as the reason for the adjustment.

Shared on 04 Sep 25

Fair value Increased 0.91%

With no substantive changes to either revenue growth forecasts (3.7% p.a.) or the discount rate (7.51%), Reliance’s consensus analyst price target remained effectively unchanged at $326.14. What's in the News Reliance is actively seeking acquisition opportunities to expand its geographic footprint and value-added metal processing solutions, emphasizing disciplined, profitable growth.

Shared on 07 May 25

Fair value Decreased 2.17%

Shared on 30 Apr 25

Fair value Increased 3.55%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.22%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 0.22%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Decreased 20%

AnalystConsensusTarget has increased revenue growth from 0.9% to 4.1% and decreased future PE multiple from 24.3x to 18.6x.

AnalystConsensusTarget Fair Value

US$319.38

8.6% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

3.61%

Metals and Mining revenue growth rate

17.68%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.36%

Calculation

US$977.95m

Earnings '28

x

20.78x

PE Ratio '28

=

US$20.33b

Market Cap '28

US$20.33b

Market Cap '28

/

50.28m

No. shares '28

=

US$404.21

Share Price '28

US$404.21 Share Price '28

Discounted to 2025 @ 8.37% p.a.

=

US$317.57

Fair Value '25