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Reliance Industries

NSEI:RELIANCE
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RELIANCE
NSEI
₹8,082B
Market Cap
  1. Home
  2. IN
  3. Energy
Company description

Reliance Industries Limited engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and digital service businesses worldwide. The last earnings update was 6 days ago. More info.


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RELIANCE Share Price and Events
7 Day Returns
3.4%
NSEI:RELIANCE
0.3%
IN Oil and Gas
-1.9%
IN Market
1 Year Returns
43.2%
NSEI:RELIANCE
9.8%
IN Oil and Gas
-2.8%
IN Market
RELIANCE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reliance Industries (RELIANCE) 3.4% 4.9% 11.4% 43.2% 172.6% 197%
IN Oil and Gas 0.3% 1.4% 10% 9.8% 63% 68.6%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • RELIANCE outperformed the Oil and Gas industry which returned 9.8% over the past year.
  • RELIANCE outperformed the Market in India which returned -2.8% over the past year.
Price Volatility
RELIANCE
Industry
5yr Volatility vs Market

Value

 Is Reliance Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Reliance Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Reliance Industries.

NSEI:RELIANCE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 27 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:RELIANCE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 35%) (33.65%))
1.113
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.113 * 8.6%)
17.12%

Discounted Cash Flow Calculation for NSEI:RELIANCE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Reliance Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:RELIANCE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.12%)
2019 -678,674.50 Analyst x12 -579,471.66
2020 238,714.00 Analyst x5 174,028.04
2021 367,312.60 Analyst x10 228,637.70
2022 352,713.00 Analyst x4 187,458.07
2023 649,500.00 Analyst x2 294,735.54
2024 875,000.00 Analyst x1 339,025.28
2025 1,075,642.37 Est @ 22.93% 355,846.42
2026 1,272,661.21 Est @ 18.32% 359,482.85
2027 1,464,660.89 Est @ 15.09% 353,242.64
2028 1,652,511.42 Est @ 12.83% 340,291.56
Present value of next 10 years cash flows ₹2,053,276.43
NSEI:RELIANCE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,652,511.42 × (1 + 7.55%) ÷ (17.12% – 7.55%)
₹18,572,235.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹18,572,235.24 ÷ (1 + 17.12%)10
₹3,824,466.71
NSEI:RELIANCE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,053,276.43 + ₹3,824,466.71
₹5,877,743.14
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,877,743.14 / 5,926.09
₹991.84
NSEI:RELIANCE Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹991.84
Current discount Discount to share price of ₹1,389.50
= -1 x (₹1,389.50 - ₹991.84) / ₹991.84
-40.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Reliance Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reliance Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reliance Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:RELIANCE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹66.82
NSEI:RELIANCE Share Price ** NSEI (2019-04-24) in INR ₹1389.5
India Oil and Gas Industry PE Ratio Median Figure of 22 Publicly-Listed Oil and Gas Companies 14.61x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reliance Industries.

NSEI:RELIANCE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:RELIANCE Share Price ÷ EPS (both in INR)

= 1389.5 ÷ 66.82

20.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Industries is overvalued based on earnings compared to the IN Oil and Gas industry average.
  • Reliance Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Reliance Industries's expected growth come at a high price?
Raw Data
NSEI:RELIANCE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 27 Analysts
13.3%per year
India Oil and Gas Industry PEG Ratio Median Figure of 13 Publicly-Listed Oil and Gas Companies 1.31x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:RELIANCE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.79x ÷ 13.3%

1.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Reliance Industries's assets?
Raw Data
NSEI:RELIANCE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹653.41
NSEI:RELIANCE Share Price * NSEI (2019-04-24) in INR ₹1389.5
India Oil and Gas Industry PB Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies 1.2x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:RELIANCE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:RELIANCE Share Price ÷ Book Value per Share (both in INR)

= 1389.5 ÷ 653.41

2.13x

* Primary Listing of Reliance Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Industries is overvalued based on assets compared to the IN Oil and Gas industry average.
X
Value checks
We assess Reliance Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Reliance Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Reliance Industries expected to perform in the next 1 to 3 years based on estimates from 27 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reliance Industries expected to grow at an attractive rate?
  • Reliance Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Reliance Industries's earnings growth is positive but not above the India market average.
  • Reliance Industries's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:RELIANCE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:RELIANCE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 27 Analysts 13.3%
NSEI:RELIANCE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 27 Analysts 5.8%
India Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
India Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:RELIANCE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 27 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:RELIANCE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 7,762,300 1,294,000 766,700 1
2023-03-31 7,499,950 1,214,000 731,433 2
2022-03-31 6,722,140 925,731 591,950 6
2021-03-31 6,699,484 934,544 578,694 23
2020-03-31 6,109,780 844,697 474,837 24
NSEI:RELIANCE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 5,810,200 395,880
2018-12-31 5,595,290 386,640
2018-09-30 5,017,300 378,330
2018-06-30 4,507,970 364,260
2018-03-31 4,082,650 714,590 360,750
2017-12-31 3,810,110 346,860
2017-09-30 3,627,000 327,960
2017-06-30 3,492,660 318,960
2017-03-31 3,299,400 495,500 299,010
2016-12-31 2,880,070 268,390
2016-09-30 2,763,310 265,780
2016-06-30 2,649,190 287,190

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Reliance Industries's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • Reliance Industries's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:RELIANCE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 27 Analyst Estimates (S&P Global) See Below

All data from Reliance Industries Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RELIANCE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 129.50 129.50 129.50 1.00
2023-03-31 108.45 115.90 101.00 2.00
2022-03-31 94.61 107.75 76.31 6.00
2021-03-31 96.28 121.40 68.16 22.00
2020-03-31 80.16 102.90 67.15 24.00
NSEI:RELIANCE Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 66.82
2018-12-31 65.27
2018-09-30 63.94
2018-06-30 61.55
2018-03-31 60.94
2017-12-31 58.64
2017-09-30 55.42
2017-06-30 54.00
2017-03-31 50.67
2016-12-31 45.50
2016-09-30 45.05
2016-06-30 48.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Reliance Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Reliance Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reliance Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Reliance Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reliance Industries's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reliance Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Reliance Industries's 1-year earnings growth is less than its 5-year average (9.7% vs 12.2%)
  • Reliance Industries's earnings growth has exceeded the IN Oil and Gas industry average in the past year (9.7% vs 6.3%).
Earnings and Revenue History
Reliance Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reliance Industries Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RELIANCE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,810,200.00 395,880.00 124,880.00
2018-12-31 5,595,290.00 386,640.00 117,560.00
2018-09-30 5,017,300.00 378,330.00 108,240.00
2018-06-30 4,507,970.00 364,260.00 101,570.00
2018-03-31 4,082,650.00 360,750.00 96,610.00
2017-12-31 3,810,110.00 346,860.00 94,610.00
2017-09-30 3,627,000.00 327,960.00 90,220.00
2017-06-30 3,492,660.00 318,960.00 87,790.00
2017-03-31 3,299,400.00 299,010.00 84,350.00
2016-12-31 2,880,070.00 268,390.00 81,640.00
2016-09-30 2,763,310.00 265,780.00 82,240.00
2016-06-30 2,649,190.00 287,190.00 79,200.00
2016-03-31 2,932,980.00 297,450.00 74,200.00
2015-12-31 2,837,620.00 266,130.00 224,060.00
2015-09-30 3,090,290.00 245,790.00 219,280.00
2015-06-30 3,479,250.00 238,310.00 217,170.00
2015-03-31 3,754,350.00 235,660.00 62,620.00
2014-12-31 4,113,930.00 230,660.00 172,970.00
2014-09-30 4,359,030.00 233,120.00 169,220.00
2014-06-30 4,415,970.00 232,130.00 167,560.00
2014-03-31 4,344,600.00 224,930.00 166,910.00
2013-03-31 3,970,620.00 208,250.00 150,260.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Reliance Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Reliance Industries used its assets less efficiently than the IN Oil and Gas industry average last year based on Return on Assets.
  • Reliance Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Reliance Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reliance Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Reliance Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Reliance Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reliance Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Reliance Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Reliance Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reliance Industries Company Filings, last reported 3 weeks ago.

NSEI:RELIANCE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,953,920.00 2,719,420.00 910,890.00
2018-12-31 3,102,380.00 2,341,160.00 736,560.00
2018-09-30 3,102,380.00 2,341,160.00 736,560.00
2018-06-30 2,970,450.00 2,187,630.00 695,630.00
2018-03-31 2,970,450.00 2,187,630.00 695,630.00
2017-12-31 2,790,320.00 1,812,520.00 699,080.00
2017-09-30 2,790,320.00 1,812,520.00 699,080.00
2017-06-30 2,666,260.00 1,966,020.00 633,540.00
2017-03-31 2,666,260.00 1,966,000.00 678,630.00
2016-12-31 2,578,260.00 1,811,820.00 559,550.00
2016-09-30 2,578,260.00 1,811,820.00 559,550.00
2016-06-30 2,469,050.00 1,659,540.00 511,250.00
2016-03-31 2,349,120.00 1,806,660.00 564,270.00
2015-12-31 2,346,290.00 1,560,200.00 604,720.00
2015-09-30 2,346,290.00 1,560,200.00 604,720.00
2015-06-30 2,215,370.00 1,608,610.00 647,290.00
2015-03-31 2,215,370.00 1,608,610.00 636,140.00
2014-12-31 2,131,000.00 1,330,230.00 663,670.00
2014-09-30 2,131,000.00 1,330,230.00 663,670.00
2014-06-30 1,996,460.00 1,387,620.00 731,380.00
2014-03-31 1,996,460.00 1,387,560.00 724,150.00
2013-03-31 1,830,040.00 1,072,200.00 797,460.00
  • Reliance Industries's level of debt (68.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.5% vs 68.8% today).
  • Debt is well covered by operating cash flow (26.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Reliance Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reliance Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Reliance Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.47%
Current annual income from Reliance Industries dividends. Estimated to be 0.57% next year.
If you bought ₹2,000 of Reliance Industries shares you are expected to receive ₹9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Reliance Industries's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Reliance Industries's dividend is below the markets top 25% of dividend payers in India (1.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:RELIANCE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 27 Analyst Estimates (S&P Global) See Below
India Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:RELIANCE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 7.45 5.00
2021-03-31 8.47 22.00
2020-03-31 7.62 21.00
NSEI:RELIANCE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-04-18 6.500 0.476
2018-04-27 6.000 0.530
2017-07-10 5.500 0.625
2017-04-24 5.500 0.804
2016-03-10 5.250 0.994
2015-05-20 5.000 1.054
2015-04-17 5.000 1.133
2014-04-21 4.750 0.998
2013-04-16 4.500 1.055
2012-05-09 4.250 1.075
2012-04-20 4.250 1.164
2011-04-21 4.000 0.978
2010-05-12 3.500 0.689
2010-04-23 3.500 0.670
2009-10-07 3.250 0.618

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Reliance Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (13.3x coverage).
X
Income/ dividend checks
We assess Reliance Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reliance Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reliance Industries has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Reliance Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mukesh Ambani
COMPENSATION ₹150,000,000
AGE 61
TENURE AS CEO 16.8 years
CEO Bio

Mr. Mukesh Dhirubhai Ambani is Chairman and Managing Director of Reliance Industries Ltd. since July 31, 2002 and has been its Director since April 01, 1977. Mr. Ambani serves as an Executive of Reliance Enterprises Limited. He joined Reliance in 1981. Previously, he served as Managing Director of Reliance Group. He serves as the Chairman of Reliance Retail Limited and Reliance Jio Infocomm Limited. He serves as Chairman of Reliance Exploration and Production DMCC and Stanford Graduate School of Business. Mr. Ambani serves as the Chairman of Board of Governors at Indian Institute of Management Bangalore. He serves as a Director of Reliance Solar Group, KDA Enterprises Private Limited, Pratham India Education Initiative, and Reliance Europe Limited. Mr. Ambani serves as a Member of Board at Breakthrough Energy Ventures. He has been an Executive Director of Reliance Industries Ltd since April 1, 1997. He has been Director of Reliance Jio Infocomm Limited since June 22, 2010. Mr. Ambani serves as a Member of Global Advisory Board at Council on Foreign Relations Inc. He serves as a Member of International Advisory Board at National Bank of Kuwait S.A.K.P. Mr. Ambani serves as a Member of Advisory Council of Stanford Graduate School of Business. Mr. Ambani has been Director at Reliance Retail Ventures Limited. Mr. Ambani is a Member of Prime Minister's Advisory Council on Trade and Industry, Government of India, Council of Scientific and Industrial Research (CSIR), India, Board of Governors of National Council of Applied Economic Research (NCAER), Advisory Council of Indian Banks' Association and serves as the Chairman, Board of Trustees of the Indian Institute of Software Engineering, Mumbai. He serves as a Member of the Advisory Council of Indian Institute of Technology, Mumbai. He also serves as a Member of the Advisory Council for Graduate School of Business of Stanford University. He serves as a Member of the Indo-US CEOs Forum, the Co-Chairman of the Japan-India Business Leader's Forum, and India-Russia CEO Council. He serves as a Member of the UN Advocacy Group supporting the implementation of the Millennium Development Goals and serves as the Member of the Board of Trustees of the World Economic Forum. He served as the Chairman of Reliance Petroleum Ltd. He served as the Chairman and Director of Global Cloud Xchange Limited from February 10, 2004 to July 2005. He served as the Chairman and Director of Indian Petrochemicals Corporation Ltd. He served as the Chairman of Reliance Communications Limited and Reliance Infocomm Limited. He served as a Vice Chairman of Reliance Petroleum Ltd. He served as a Vice Chairman of Reliance Industries Limited until July 30, 2002. He served as a Director of Reliance Infocomm Limited. He served as a Non-Executive Director of Reliance Petroleum Ltd. He served as a Director at Bank of America Corporation from March 2011 to May 8, 2013. His accolades include: US-India Business Council 'Global Vision' 2007 Award for Leadership in 2007, invited to be a Member of World Business Council for Sustainable Development (WBCSD). Mr. Ambani is the only Indian Chief Executive Officer to be a Council Member of WBCSD, Conferred 'ET Business Leader of the Year' Award by The Economic Times (India) in the year 2006, the Degree Honoris Causa, Honorary Doctorate by Maharaja Sayajirao University in 2007, the Penn Engineering Dean's Medal for application of engineering and technology in January 2010, the India Business Leadership Award by CNBC-TV18 in 2007, the first NDTV-Profit 'Global Indian Leader Award' from Hon'ble Prime Minister of India, Shri Manmohan Singh in New Delhi in the year 2006, Co-Chairman at the World Economic Forum in Davos, Switzerland, World Communication Award for the 'Most Influential Person' in Telecommunications by Total Telecom, in October, 2004 and the 'Asia Society Leadership Award' by the Asia Society, Washington D.C., USA, in May, 2004. Mr. Ambani has been the Director at Reliance Foundation Institution of Education and Research. Mr. Ambani ranked 42nd among the 'World's Most Respected Business Leaders' and second among the four Indian Chief Executive Officer's featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, in November, 2004. Mr. Ambani holds a Bachelor's Degree in Chemical Engineering from University of Mumbai and MBA degree from Stanford University, USA.

CEO Compensation
  • Mukesh's compensation has been consistent with company performance over the past year.
  • Mukesh's remuneration is higher than average for companies of similar size in India.
Management Team

Mukesh Ambani

TITLE
Chairman & MD
COMPENSATION
₹150M
AGE
61
TENURE
16.8 yrs

Srikanth Venkatachari

TITLE
Joint Chief Financial Officer
COMPENSATION
₹129M
AGE
52

Alok Agarwal

TITLE
Chief Financial Officer
COMPENSATION
₹117M
AGE
60
TENURE
14.3 yrs

Nikhil Meswani

TITLE
Executive Director
COMPENSATION
₹200M
AGE
52

Hital Meswani

TITLE
Executive Director
COMPENSATION
₹200M
AGE
49

P. M. Prasad

TITLE
Executive Director
COMPENSATION
₹90M
AGE
66

Pawan Kapil

TITLE
Executive Director
COMPENSATION
₹35M

K. Sethuraman

TITLE
Group Company Secretary & Chief Compliance Officer
COMPENSATION
₹26M
AGE
71

Vinod Ambani

TITLE
President

Jyotindra Thacker

TITLE
President of Technology
Board of Directors Tenure

Average tenure and age of the Reliance Industries board of directors in years:

13.6
Average Tenure
65
Average Age
  • The average tenure for the Reliance Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mukesh Ambani

TITLE
Chairman & MD
COMPENSATION
₹150M
AGE
61
TENURE
16.8 yrs

Nikhil Meswani

TITLE
Executive Director
COMPENSATION
₹200M
AGE
52
TENURE
32.8 yrs

Hital Meswani

TITLE
Executive Director
COMPENSATION
₹200M
AGE
49
TENURE
23.7 yrs

P. M. Prasad

TITLE
Executive Director
COMPENSATION
₹90M
AGE
66
TENURE
9.7 yrs

Pawan Kapil

TITLE
Executive Director
COMPENSATION
₹35M
TENURE
8.9 yrs

Yogendra Trivedi

TITLE
Independent Director
COMPENSATION
₹18M
AGE
89
TENURE
27 yrs

Adil Zainulbhai

TITLE
Independent Director
COMPENSATION
₹18M
AGE
65
TENURE
5.3 yrs

Mansingh Bhakta

TITLE
Lead Independent Director
COMPENSATION
₹16M
AGE
86
TENURE
13.5 yrs

Dipak Jain

TITLE
Independent Director
COMPENSATION
₹16M
AGE
61
TENURE
13.7 yrs

Raghunath Mashelkar

TITLE
Independent Director
COMPENSATION
₹18M
AGE
75
TENURE
11.8 yrs
Who owns this company?
Recent Insider Trading
  • Reliance Industries insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
02. Apr 19 Buy Sanjay Kapoor Individual 28. Mar 19 29. Mar 19 7,410 ₹1,373.90 ₹10,026,463
02. Apr 19 Buy Smita Trivedi Individual 29. Mar 19 29. Mar 19 1,000 ₹1,369.22 ₹1,369,223
02. Apr 19 Sell Kaushik Roy Individual 26. Mar 19 29. Mar 19 -1,000 ₹1,366.00 ₹-1,365,006
25. Mar 19 Sell Prasad Tipins Individual 25. Mar 19 25. Mar 19 -2,400 ₹1,330.00 ₹-3,192,000
25. Mar 19 Sell Kirit Kumar Brahmbhatt Individual 19. Mar 19 19. Mar 19 -5,000 ₹1,377.00 ₹-6,885,000
25. Mar 19 Sell Bibhas Gangopadhyay Individual 22. Mar 19 22. Mar 19 -2,500 ₹1,357.85 ₹-3,394,625
25. Mar 19 Sell Virenderkumar Gandhi Individual 19. Mar 19 19. Mar 19 -1,500 ₹1,378.90 ₹-2,056,403
25. Mar 19 Sell Kaushik Roy Individual 19. Mar 19 19. Mar 19 -1,000 ₹1,368.00 ₹-1,368,000
19. Mar 19 Sell Deepak Datta Individual 19. Mar 19 19. Mar 19 -5,000 ₹1,365.00 ₹-6,825,000
19. Mar 19 Sell Arunkant Dawda Individual 11. Mar 19 18. Mar 19 -900 ₹1,350.00 ₹-1,177,286
19. Mar 19 Sell Kaushik Roy Individual 18. Mar 19 18. Mar 19 -2,000 ₹1,344.25 ₹-2,687,050
15. Mar 19 Sell Kirit Kumar Brahmbhatt Individual 12. Mar 19 13. Mar 19 -3,000 ₹1,343.15 ₹-4,011,687
15. Mar 19 Sell Virenderkumar Gandhi Individual 12. Mar 19 12. Mar 19 -1,000 ₹1,328.00 ₹-1,328,003
15. Mar 19 Sell Kaushik Roy Individual 12. Mar 19 14. Mar 19 -2,600 ₹1,353.50 ₹-3,477,226
15. Mar 19 Sell Pawan Kapil Individual 25. Jan 19 14. Mar 19 -1,300 ₹1,362.00 ₹-1,704,134
13. Mar 19 Sell Hemen Modi Individual 05. Feb 19 11. Mar 19 -900 ₹1,301.51 ₹-1,162,542
11. Mar 19 Sell Man Mohan Individual 11. Mar 19 11. Mar 19 -3,000 ₹1,300.00 ₹-3,900,000
11. Mar 19 Sell Arunkant Dawda Individual 05. Feb 19 07. Mar 19 -600 ₹1,277.05 ₹-766,027
11. Mar 19 Sell Rajaraman Jayaraman Individual 07. Mar 19 11. Mar 19 -1,000 ₹1,280.21 ₹-1,272,409
11. Mar 19 Sell Kaushik Roy Individual 11. Mar 19 11. Mar 19 -1,000 ₹1,293.45 ₹-1,293,448
08. Mar 19 Sell Rajaraman Jayaraman Individual 27. Feb 19 06. Mar 19 -1,000 ₹1,242.20 ₹-1,224,264
04. Mar 19 Sell Mrunal Pitkar Individual 27. Feb 19 27. Feb 19 -2,000 ₹1,225.00 ₹-2,450,000
28. Feb 19 Buy Darshan Mehta Individual 26. Feb 19 26. Feb 19 1,000 ₹1,224.96 ₹1,224,960
20. Feb 19 Buy Raminder Gujral Individual 18. Feb 19 18. Feb 19 1,000 ₹1,219.20 ₹1,219,200
20. Feb 19 Buy Hardev Kohli Individual 14. Feb 19 14. Feb 19 2,500 ₹1,227.68 ₹3,069,191
12. Feb 19 Sell Sanjeev Vijayvargia Individual 25. Jan 19 08. Feb 19 -1,200 ₹1,309.30 ₹-1,528,585
14. Feb 19 Sell Jaidev Dayal Individual 12. Feb 19 13. Feb 19 -50,000 ₹1,271.21 ₹-63,312,699
12. Feb 19 Sell Bharat Sethi Individual 07. Feb 19 07. Feb 19 -1,000 ₹1,304.00 ₹-1,304,000
07. Feb 19 Sell H. Tripathi Individual 05. Feb 19 05. Feb 19 -800 ₹1,290.00 ₹-1,032,000
07. Feb 19 Sell Salil Mishra Individual 04. Feb 19 04. Feb 19 -900 ₹1,275.00 ₹-1,147,500
07. Feb 19 Sell Rajkumar Pugalia Individual 22. Jan 19 04. Feb 19 -1,000 ₹1,283.80 ₹-1,266,138
07. Feb 19 Sell Pavan Jain Individual 06. Feb 19 06. Feb 19 -1,000 ₹1,313.00 ₹-1,313,000
07. Feb 19 Sell Amit Chaturvedi Individual 05. Feb 19 05. Feb 19 -4,000 ₹1,289.09 ₹-5,156,367
07. Feb 19 Sell Suketu Vakil Individual 05. Feb 19 05. Feb 19 -2,700 ₹1,301.22 ₹-3,513,300
07. Feb 19 Sell Sanjay Mashruwala Individual 05. Feb 19 06. Feb 19 -21,000 ₹1,310.93 ₹-27,412,999
05. Feb 19 Sell Amit Chaturvedi Individual 04. Feb 19 04. Feb 19 -1,000 ₹1,254.38 ₹-1,254,380
05. Feb 19 Sell Hemen Modi Individual 21. Jan 19 04. Feb 19 -1,100 ₹1,275.75 ₹-1,376,116
05. Feb 19 Sell Arunkant Dawda Individual 22. Jan 19 04. Feb 19 -900 ₹1,270.00 ₹-1,127,758
04. Feb 19 Sell Subhasish Mukherjee Individual 01. Feb 19 01. Feb 19 -1,000 ₹1,240.00 ₹-1,240,000
04. Feb 19 Sell Deepak Datta Individual 01. Feb 19 01. Feb 19 -10,000 ₹1,241.00 ₹-12,410,000
30. Jan 19 Sell Piyush Bhatt Individual 23. Jan 19 24. Jan 19 -1,000 ₹1,233.93 ₹-1,232,983
28. Jan 19 Sell Vineyesh Sawhney Individual 22. Jan 19 24. Jan 19 -14,500 ₹1,245.05 ₹-18,018,601
28. Jan 19 Sell Raman Venkatakrishnan Individual 22. Jan 19 24. Jan 19 -900 ₹1,248.00 ₹-1,105,333
28. Jan 19 Sell Sanjay Mashruwala Individual 24. Jan 19 25. Jan 19 -11,000 ₹1,260.00 ₹-13,760,747
25. Jan 19 Sell Sanjay Mashruwala Individual 22. Jan 19 22. Jan 19 -16,000 ₹1,231.25 ₹-19,699,999
24. Jan 19 Sell Rohinton Dadyburjor Individual 22. Jan 19 22. Jan 19 -1,000 ₹1,200.00 ₹-1,200,000
24. Jan 19 Sell Raman Venkatakrishnan Individual 21. Jan 19 21. Jan 19 -1,000 ₹1,230.74 ₹-1,230,740
24. Jan 19 Sell Shivashankar Prabhu Individual 21. Jan 19 22. Jan 19 -900 ₹1,232.50 ₹-1,108,946
15. Jan 19 Sell Dhirendra Sinha Individual 09. Jan 19 09. Jan 19 -1,000 ₹1,094.02 ₹-1,094,019
15. Jan 19 Sell Prasad Tipins Individual 15. Jan 19 15. Jan 19 -3,000 ₹1,122.03 ₹-3,366,102
02. Jan 19 Buy Kalyansundaram Jayaraman Individual 28. Dec 18 28. Dec 18 880 ₹1,138.50 ₹1,001,880
10. Dec 18 Sell Arunkant Dawda Individual 16. Nov 18 04. Dec 18 -1,000 ₹1,182.76 ₹-908,817
04. Dec 18 Sell Partha Maitra Individual 03. Dec 18 03. Dec 18 -3,000 ₹1,157.44 ₹-3,472,316
30. Nov 18 Sell Piyush Bhatt Individual 27. Nov 18 28. Nov 18 -1,000 ₹1,144.30 ₹-1,128,919
21. Nov 18 Sell Prasad Tipins Individual 21. Nov 18 21. Nov 18 -3,000 ₹1,111.33 ₹-3,334,003
19. Nov 18 Sell Makarand Phadke Individual 15. Nov 18 19. Nov 18 -4,000 ₹1,144.05 ₹-4,441,931
05. Nov 18 Buy Seema Raisinghani Individual 30. Oct 18 31. Oct 18 1,500 ₹1,076.19 ₹1,602,736
12. Oct 18 Sell Prabakaran Krishnan Individual 10. Oct 18 10. Oct 18 -7,000 ₹1,093.98 ₹-7,657,860
11. Oct 18 Buy Shumeet Banerji Individual 09. Oct 18 09. Oct 18 13,500 ₹1,109.93 ₹14,984,116
10. Oct 18 Buy Anuradha Sethuraman Individual 05. Oct 18 05. Oct 18 700 ₹1,053.60 ₹737,519
10. Oct 18 Buy Aparna Sethuraman Individual 05. Oct 18 05. Oct 18 810 ₹1,055.30 ₹854,791
10. Oct 18 Buy R. Bhatt Individual 04. Oct 18 05. Oct 18 3,000 ₹1,148.18 ₹3,377,359
05. Oct 18 Sell Hemant Naik Individual 01. Oct 18 03. Oct 18 -3,000 ₹1,223.58 ₹-3,662,735
05. Oct 18 Sell Hemant Naik Individual 01. Oct 18 01. Oct 18 -1,600 ₹1,220.00 ₹-1,952,000
03. Oct 18 Sell Arunkant Dawda Individual 18. Sep 18 28. Sep 18 -1,100 ₹1,260.00 ₹-1,365,526
07. Sep 18 Sell Piyush Bhatt Individual 05. Sep 18 05. Sep 18 -1,000 ₹1,240.77 ₹-1,240,775
07. Sep 18 Sell Arunkant Dawda Individual 27. Aug 18 06. Sep 18 -700 ₹1,354.22 ₹-911,871
04. Sep 18 Sell Rajinder Dhadda Individual 30. Aug 18 30. Aug 18 -1,500 ₹1,271.57 ₹-1,907,353
04. Sep 18 Sell Sanjay Saxena Individual 29. Aug 18 29. Aug 18 -100 ₹1,314.62 ₹-131,462
04. Sep 18 Sell Hemant Desai Individual 28. Aug 18 29. Aug 18 -9,000 ₹1,324.81 ₹-11,777,574
31. Aug 18 Sell S. Rajagopal Individual 13. Jul 18 28. Aug 18 -1,000 ₹1,317.00 ₹-1,213,717
31. Aug 18 Sell Rajmal Nahar Individual 28. Aug 18 28. Aug 18 -1,000 ₹1,310.00 ₹-1,310,000
31. Aug 18 Sell Dhananjay Chowgule Individual 28. Aug 18 28. Aug 18 -8,000 ₹1,306.90 ₹-10,455,200
31. Aug 18 Sell Jayant Mandlekar Individual 27. Aug 18 29. Aug 18 -1,600 ₹1,325.19 ₹-2,104,845
29. Aug 18 Sell Rajan Luthra Individual 31. Jul 18 31. Jul 18 -1,000 ₹1,180.58 ₹-1,180,578
29. Aug 18 Sell Rajinder Dhadda Individual 24. Aug 18 24. Aug 18 -13,800 ₹1,265.28 ₹-17,379,609
29. Aug 18 Sell Pavan Jain Individual 24. Aug 18 24. Aug 18 -1,500 ₹1,273.50 ₹-1,910,250
29. Aug 18 Sell Arunkant Dawda Individual 20. Aug 18 24. Aug 18 -1,400 ₹1,275.00 ₹-1,747,319
24. Aug 18 Sell Sanjay Mashruwala Individual 23. Aug 18 23. Aug 18 -16,000 ₹1,252.87 ₹-20,045,999
23. Aug 18 Sell Ajit Chaudhry Individual 10. Aug 18 10. Aug 18 -800 ₹1,203.37 ₹-962,700
23. Aug 18 Buy Ajit Chaudhry Individual 16. Aug 18 16. Aug 18 400 ₹1,196.50 ₹478,600
23. Aug 18 Sell Sanjay Mashruwala Individual 21. Aug 18 21. Aug 18 -12,000 ₹1,241.67 ₹-14,899,999
23. Aug 18 Sell Hardev Kohli Individual 20. Aug 18 20. Aug 18 -10,000 ₹1,227.00 ₹-12,270,000
22. Aug 18 Sell Suketu Vakil Individual 20. Aug 18 20. Aug 18 -2,500 ₹1,225.50 ₹-3,063,750
22. Aug 18 Sell Sanjay Mashruwala Individual 20. Aug 18 20. Aug 18 -12,000 ₹1,230.00 ₹-14,759,999
20. Aug 18 Sell Deepak Datta Individual 20. Aug 18 20. Aug 18 -15,000 ₹1,229.00 ₹-18,344,999
20. Aug 18 Sell Arunkant Dawda Individual 09. Aug 18 16. Aug 18 -1,100 ₹1,249.56 ₹-1,335,516
20. Aug 18 Sell Umesh Upadhayay Individual 16. Aug 18 16. Aug 18 -1,600 ₹1,203.00 ₹-1,924,800
14. Aug 18 Sell A. Poddar Individual 09. Aug 18 09. Aug 18 -8,000 ₹1,219.54 ₹-9,756,356
10. Aug 18 Sell Dhananjay Chowgule Individual 01. Aug 18 08. Aug 18 -15,000 ₹1,207.90 ₹-18,061,012
10. Aug 18 Sell Prasad Tipins Individual 08. Aug 18 08. Aug 18 -2,100 ₹1,206.00 ₹-2,532,600
10. Aug 18 Sell Arunkant Dawda Individual 31. Jul 18 08. Aug 18 -1,200 ₹1,205.00 ₹-1,423,417
10. Aug 18 Sell Jayant Mandlekar Individual 06. Aug 18 08. Aug 18 -2,500 ₹1,201.93 ₹-2,993,462
10. Aug 18 Sell Sanjay Mashruwala Individual 08. Aug 18 09. Aug 18 -24,000 ₹1,225.70 ₹-28,859,383
03. Aug 18 Sell Rajesh Rallapalli Individual 13. Jul 18 13. Jul 18 -300 ₹1,086.98 ₹-326,094
03. Aug 18 Sell Deepak Datta Individual 31. Jul 18 31. Jul 18 -17,000 ₹1,158.00 ₹-19,686,000
03. Aug 18 Buy Kalyansundaram Jayaraman Individual 31. Jul 18 31. Jul 18 850 ₹1,183.14 ₹1,005,672
01. Aug 18 Sell Hemen Modi Individual 12. Jul 18 19. Jul 18 -700 ₹1,099.48 ₹-765,747
01. Aug 18 Sell Anil Garg Individual 12. Jul 18 12. Jul 18 -700 ₹1,095.00 ₹-766,500
01. Aug 18 Sell Rajmal Nahar Individual 13. Jul 18 31. Jul 18 -1,700 ₹1,180.00 ₹-1,939,117
01. Aug 18 Sell Sandesh Kadam Individual 31. Jul 18 31. Jul 18 -3,000 ₹1,149.13 ₹-3,447,404
01. Aug 18 Sell Suketu Vakil Individual 30. Jul 18 30. Jul 18 -3,000 ₹1,142.21 ₹-3,426,640
01. Aug 18 Sell Arunkant Dawda Individual 13. Jul 18 30. Jul 18 -1,000 ₹1,139.00 ₹-1,122,093
26. Jul 18 Sell S. Ramesh Individual 19. Jul 18 20. Jul 18 -1,500 ₹1,106.00 ₹-1,654,207
20. Jul 18 Sell Piyush Bhatt Individual 18. Jul 18 18. Jul 18 -1,700 ₹1,085.01 ₹-1,844,510
20. Jul 18 Sell Sanjay Mashruwala Individual 19. Jul 18 19. Jul 18 -28,000 ₹1,101.93 ₹-30,853,999
16. Jul 18 Sell Sanjay Mashruwala Individual 13. Jul 18 13. Jul 18 -21,961 ₹1,101.00 ₹-24,141,999
13. Jul 18 Sell Rakesh Gupta Individual 10. Jul 18 11. Jul 18 -4,500 ₹1,027.00 ₹-4,588,116
13. Jul 18 Sell Piyush Bhatt Individual 11. Jul 18 12. Jul 18 -3,000 ₹1,085.32 ₹-3,150,170
13. Jul 18 Sell Surinder Saini Individual 12. Jul 18 12. Jul 18 -1,500 ₹1,059.68 ₹-1,589,520
13. Jul 18 Sell Arunkant Dawda Individual 10. Jul 18 12. Jul 18 -1,800 ₹1,087.60 ₹-1,887,348
13. Jul 18 Sell Sanjay Mashruwala Individual 12. Jul 18 12. Jul 18 -30,039 ₹1,091.91 ₹-32,799,999
12. Jul 18 Sell Deepak Datta Individual 10. Jul 18 10. Jul 18 -11,000 ₹1,019.10 ₹-11,210,100
06. Jul 18 Sell Ebanazer Ambaichelvan Individual 03. Jul 18 03. Jul 18 -3,000 ₹954.40 ₹-2,863,215
03. Jul 18 Buy Darshan Mehta Individual 25. May 18 29. Jun 18 2,000 ₹955.99 ₹1,883,136
29. Jun 18 Sell Harwinderjit Pannu Individual 26. Jun 18 26. Jun 18 -2,000 ₹1,010.89 ₹-2,021,775
27. Jun 18 Sell Harwinderjit Pannu Individual 20. Jun 18 21. Jun 18 -5,000 ₹1,029.02 ₹-5,102,346
27. Jun 18 Sell Ananthanarayana Gumparthi Individual 11. May 18 21. Jun 18 -1,500 ₹1,035.00 ₹-1,513,225
27. Jun 18 Sell Sanjay Mashruwala Individual 25. Jun 18 25. Jun 18 -1,000 ₹1,015.00 ₹-1,015,000
25. Jun 18 Sell Arunkant Dawda Individual 21. Jun 18 21. Jun 18 -400 ₹1,030.80 ₹-412,320
25. Jun 18 Sell Rakesh Gupta Individual 21. Jun 18 21. Jun 18 -3,000 ₹1,030.00 ₹-3,090,000
25. Jun 18 Sell Perumallu Vadlapudi Individual 22. Jun 18 22. Jun 18 -3,000 ₹1,028.40 ₹-3,085,200
25. Jun 18 Sell Jayant Kelkar Individual 21. Jun 18 22. Jun 18 -2,000 ₹1,030.84 ₹-2,052,835
25. Jun 18 Sell Sanjeev Dandekar Individual 21. Jun 18 21. Jun 18 -700 ₹1,030.14 ₹-721,100
25. Jun 18 Sell K. Rao Individual 21. Jun 18 21. Jun 18 -2,000 ₹1,033.00 ₹-2,066,000
25. Jun 18 Sell Arunkant Dawda Individual 18. Jun 18 20. Jun 18 -800 ₹1,019.00 ₹-813,662
25. Jun 18 Sell Kishor Jhalaria Individual 11. Jun 18 21. Jun 18 -1,500 ₹1,030.00 ₹-1,520,075
22. Jun 18 Sell Rakesh Gupta Individual 20. Jun 18 20. Jun 18 -3,000 ₹1,018.00 ₹-3,054,000
22. Jun 18 Sell Jayant Kelkar Individual 20. Jun 18 20. Jun 18 -1,000 ₹1,020.00 ₹-1,020,000
22. Jun 18 Sell Rajmal Nahar Individual 21. Jun 18 21. Jun 18 -1,500 ₹1,025.00 ₹-1,537,500
22. Jun 18 Sell Kirit Kumar Brahmbhatt Individual 21. Jun 18 21. Jun 18 -3,000 ₹1,031.28 ₹-3,093,849
22. Jun 18 Sell Naresh Narang Individual 14. Jun 18 20. Jun 18 -1,000 ₹1,018.00 ₹-1,010,394
22. Jun 18 Sell Sanjay Mashruwala Individual 20. Jun 18 21. Jun 18 -20,000 ₹1,028.00 ₹-20,408,946
21. Jun 18 Sell Suketu Vakil Individual 18. Jun 18 18. Jun 18 -2,000 ₹1,005.45 ₹-2,010,900
18. Jun 18 Sell Arindam Banerjee Individual 08. Jun 18 13. Jun 18 -3,100 ₹997.75 ₹-3,080,006
01. Jun 18 Sell Man Mohan Individual 10. May 18 10. May 18 -1,000 ₹983.00 ₹-983,000
10. May 18 Sell Man Mohan Individual 08. May 18 09. May 18 -3,000 ₹978.64 ₹-2,932,270
20. Jun 18 Sell Jayant Kelkar Individual 18. Jun 18 18. Jun 18 -1,000 ₹1,020.00 ₹-1,020,000
20. Jun 18 Sell Surinder Saini Individual 14. Jun 18 15. Jun 18 -1,793 ₹1,018.58 ₹-1,825,238
20. Jun 18 Sell Arunkant Dawda Individual 13. Jun 18 15. Jun 18 -1,300 ₹1,020.39 ₹-1,322,208
20. Jun 18 Sell Sanjay Mashruwala Individual 18. Jun 18 18. Jun 18 -10,000 ₹1,015.93 ₹-10,159,303
18. Jun 18 Sell Amisha Gandhi Individual 12. Jun 18 14. Jun 18 -1,200 ₹1,005.00 ₹-1,205,875
18. Jun 18 Sell Rakesh Gupta Individual 15. Jun 18 15. Jun 18 -1,500 ₹1,017.33 ₹-1,526,000
18. Jun 18 Sell Rajmal Nahar Individual 15. Jun 18 15. Jun 18 -3,000 ₹1,016.70 ₹-3,038,040
18. Jun 18 Sell Sanjeev Dandekar Individual 12. Jun 18 15. Jun 18 -1,050 ₹1,019.25 ₹-1,068,840
18. Jun 18 Sell Deepak Datta Individual 15. Jun 18 15. Jun 18 -6,424 ₹1,020.83 ₹-6,557,818
18. Jun 18 Sell Prasad Tipins Individual 14. Jun 18 14. Jun 18 -3,300 ₹1,008.00 ₹-3,326,400
18. Jun 18 Sell Raman Venkatakrishnan Individual 14. Jun 18 14. Jun 18 -2,000 ₹1,000.00 ₹-2,000,000
18. Jun 18 Sell V. Sivaraman Individual 16. Apr 18 15. Jun 18 -2,100 ₹1,020.00 ₹-2,121,152
18. Jun 18 Sell Jayant Mandlekar Individual 14. Jun 18 14. Jun 18 -2,000 ₹1,000.22 ₹-2,000,445
15. Jun 18 Sell Rajmal Nahar Individual 12. Jun 18 14. Jun 18 -3,000 ₹1,009.23 ₹-3,015,819
15. Jun 18 Sell Surinder Saini Individual 14. May 18 13. Jun 18 -4,200 ₹1,003.15 ₹-4,201,335
15. Jun 18 Sell Arunkant Dawda Individual 07. Jun 18 12. Jun 18 -1,300 ₹997.75 ₹-1,277,957
15. Jun 18 Sell Naresh Narang Individual 08. May 18 12. Jun 18 -1,200 ₹995.10 ₹-1,183,142
13. Jun 18 Sell Deepak Datta Individual 11. Jun 18 11. Jun 18 -8,200 ₹989.00 ₹-8,109,800
12. Jun 18 Sell Prasad Tipins Individual 08. Jun 18 08. Jun 18 -3,000 ₹972.00 ₹-2,916,000
12. Jun 18 Sell Bhagaban Das Individual 07. May 18 07. Jun 18 -1,700 ₹980.73 ₹-1,640,856
08. Jun 18 Sell Arunkant Dawda Individual 09. May 18 05. Jun 18 -1,100 ₹982.53 ₹-1,063,684
17. May 18 Sell Surinder Saini Individual 15. May 18 15. May 18 -2,000 ₹998.31 ₹-1,996,620
16. May 18 Sell Surinder Saini Individual 11. May 18 11. May 18 -1,200 ₹988.73 ₹-1,186,476
16. May 18 Sell Alok Agarwal Individual 11. May 18 11. May 18 -25,000 ₹985.95 ₹-24,648,812
14. May 18 Sell Deepak Datta Individual 10. May 18 11. May 18 -10,000 ₹991.00 ₹-9,887,231
14. May 18 Sell Surinder Saini Individual 02. May 18 09. May 18 -1,100 ₹983.89 ₹-1,080,279
14. May 18 Sell Alok Agarwal Individual 09. May 18 09. May 18 -13,175 ₹976.03 ₹-12,859,183
10. May 18 Sell Giri Singh Individual 03. May 18 07. May 18 -1,450 ₹972.00 ₹-1,406,828
10. May 18 Sell Arunkant Dawda Individual 13. Apr 18 08. May 18 -1,500 ₹977.56 ₹-1,445,237
10. May 18 Sell Rajaraman Jayaraman Individual 03. May 18 09. May 18 -1,900 ₹981.56 ₹-1,842,981
10. May 18 Sell Alok Agarwal Individual 08. May 18 08. May 18 -11,825 ₹975.99 ₹-11,541,121
09. May 18 Sell Jayant Kelkar Individual 07. May 18 07. May 18 -12,000 ₹962.00 ₹-11,544,000
09. May 18 Sell Deepak Datta Individual 07. May 18 07. May 18 -5,000 ₹961.08 ₹-4,805,398
09. May 18 Sell K. Rao Individual 07. May 18 08. May 18 -3,000 ₹977.50 ₹-2,901,058
03. May 18 Sell Suketu Vakil Individual 30. Apr 18 02. May 18 -10,000 ₹973.04 ₹-9,703,720
X
Management checks
We assess Reliance Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reliance Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investors Who Bought Reliance Industries (NSE:RELIANCE) Shares Five Years Ago Are Now Up 192%

For example, the Reliance Industries Limited (NSE:RELIANCE) share price has soared 192% in the last half decade. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Reliance Industries managed to grow its earnings per share at 12% a year.

Simply Wall St -

Read This Before Buying Reliance Industries Limited (NSE:RELIANCE) Shares

So we'll take a look at whether insiders have been buying or selling shares in Reliance Industries Limited (NSE:RELIANCE). … Reliance Industries Insider Transactions Over The Last Year. … In total, Reliance Industries insiders sold more than they bought over the last year

Simply Wall St -

Did Reliance Industries Limited (NSE:RELIANCE) Use Debt To Deliver Its ROE Of 12%?

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Reliance Industries has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Brief Commentary On Reliance Industries Limited's (NSE:RELIANCE) Fundamentals

I've been keeping an eye on Reliance Industries Limited (NSE:RELIANCE) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe RELIANCE has a lot to offer. … dividend-paying company

Simply Wall St -

Who Has Been Selling Reliance Industries Limited (NSE:RELIANCE) Shares?

So before you buy or sell Reliance Industries Limited (NSE:RELIANCE), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Reliance Industries. … That means that an insider was selling shares at below the current price (₹1,103).

Simply Wall St -

Is Reliance Industries Limited's (NSE:RELIANCE) Balance Sheet A Threat To Its Future?

The size of Reliance Industries Limited (NSE:RELIANCE), a ₹6.3t large-cap, often attracts investors seeking a reliable investment in the stock market. … Today we will look at Reliance Industries’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

How Much Did Reliance Industries Limited's (NSE:RELIANCE) CEO Pocket Last Year?

Mukesh Ambani has been the CEO of Reliance Industries Limited (NSE:RELIANCE) since 2002. … This analysis aims first to contrast CEO compensation with other large companies. … Our data indicates that Reliance Industries Limited is worth ₹6.2t, and total annual CEO compensation is ₹150m

Simply Wall St -

Could The Reliance Industries Limited (NSE:RELIANCE) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Reliance Industries Limited (NSE:RELIANCE), then you'll have to look at the makeup of its share registry. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about RELIANCE

Simply Wall St -

Does Reliance Industries Limited's (NSE:RELIANCE) PE Ratio Signal A Selling Opportunity?

Reliance Industries Limited (NSE:RELIANCE) is trading with a trailing P/E of 18.3, which is higher than the industry average of 11. … Though this might seem to be a negative, you might change your mind after I explain the assumptions behind the P/E ratio. … See our latest analysis for Reliance Industries

Simply Wall St -

A Note On Reliance Industries Limited's (NSE:RELIANCE) ROE and Debt To Equity

Reliance Industries has a ROE of 12%, based on the last twelve months. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Reliance Industries Limited engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and digital service businesses worldwide. The company operates in Refining, Petrochemicals, Oil & Gas, Organized Retail, and Digital Services segments. It produces and markets petroleum products, such as liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosene oil, diesel, sulphur, petroleum coke, and alkylate; and polyethylene, polypropylene, polyvinyl chloride, polyester yarn, polyester fiber, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, butadiene, acrylonitrile, poly butadiene rubber, caustic soda, and polyethylene terephthalate. The company also explores, develops, and produces crude oil and natural gas; and operates various stores, including neighborhood, wholesale, electronics, mobility and communication, Apple, jewelry, apparel, footwear, optical, and tableware, as well as supermarkets, hypermarkets, wholesale cash and carry stores, specialty stores, and online stores. It operates 7,573 stores. In addition, the company offers Jio 4G wireless broadband network services and applications, such as live TV, music, magazines, and news; textile products, including fabrics, shirts, T-shirts, trousers, cardigans, suits, jackets and blazers, and linen wear products; operates various television channels; and produces feature films, as well as engages in international channel distribution, advertising sales on international channels, and content syndication. Further, it operates news and entertainment portals, finance portals, lifestyle portals, and retail and online ticket booking platforms; publishes magazines; and provides fleet management and highway hospitality services, as well as is involved in education, TV and filmed entertainment, and investment arm of Network18 businesses. The company was incorporated in 1973 and is based in Mumbai, India.

Details
Name: Reliance Industries Limited
RELIANCE
Exchange: NSEI
Founded: 1973
₹8,082,294,146,374
5,926,087,287
Website: http://www.ril.com
Address: Reliance Industries Limited
Maker Chambers IV,
3rd Floor,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI RELIANCE Equity Shares National Stock Exchange of India IN INR 29. Nov 1995
BSE 500325 Equity Shares Mumbai Stock Exchange IN INR 29. Nov 1995
LSE RIGD GDR EACH REP 2 INR10 LEVEL 1(BNY)'144A London Stock Exchange GB USD 04. Feb 1993
DB RLI GDR EACH REP 2 INR10 LEVEL 1(BNY)'144A Deutsche Boerse AG DE EUR 04. Feb 1993
WBAG RLI GDR EACH REP 2 INR10 LEVEL 1(BNY)'144A Wiener Boerse AG AT EUR 04. Feb 1993
BDL RELIN GDR EACH REP 2 INR10 LEVEL 1(BNY)'144A Bourse de Luxembourg LU USD 04. Feb 1993
BATS-CHIXE RIGDL GDR EACH REP 2 INR10 LEVEL 1(BNY)'144A BATS 'Chi-X Europe' GB USD 04. Feb 1993
Number of employees
Current staff
Staff numbers
187,729
Reliance Industries employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:46
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.