Reliance Industries Limited

NSEI:RELIANCE Stock Report

Market Cap: ₹20.7t

Reliance Industries Past Earnings Performance

Past criteria checks 5/6

Reliance Industries has been growing earnings at an average annual rate of 11.6%, while the Oil and Gas industry saw earnings growing at 21% annually. Revenues have been growing at an average rate of 14.2% per year. Reliance Industries's return on equity is 9.3%, and it has net margins of 8.3%.

Key information

11.60%

Earnings growth rate

10.49%

EPS growth rate

Oil and Gas Industry Growth23.48%
Revenue growth rate14.20%
Return on equity9.27%
Net Margin8.31%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?

Dec 06
Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?

With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Nov 21
With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Aug 06
With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Reliance Industries Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Jul 22
Reliance Industries Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Reliance Industries Limited's (NSE:RELIANCE) Business Is Yet to Catch Up With Its Share Price

Jul 12
Reliance Industries Limited's (NSE:RELIANCE) Business Is Yet to Catch Up With Its Share Price

A Look At The Intrinsic Value Of Reliance Industries Limited (NSE:RELIANCE)

May 19
A Look At The Intrinsic Value Of Reliance Industries Limited (NSE:RELIANCE)

Reliance Industries Limited (NSE:RELIANCE) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 29
Reliance Industries Limited (NSE:RELIANCE) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Earnings Working Against Reliance Industries Limited's (NSE:RELIANCE) Share Price

Apr 05
Earnings Working Against Reliance Industries Limited's (NSE:RELIANCE) Share Price

These 4 Measures Indicate That Reliance Industries (NSE:RELIANCE) Is Using Debt Extensively

Feb 06
These 4 Measures Indicate That Reliance Industries (NSE:RELIANCE) Is Using Debt Extensively

Are Reliance Industries Limited (NSE:RELIANCE) Investors Paying Above The Intrinsic Value?

Jan 08
Are Reliance Industries Limited (NSE:RELIANCE) Investors Paying Above The Intrinsic Value?
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Digital And AI Expansion Propel Retail Advancement Despite Market Challenges

Strategic investments in technology and infrastructure could enhance operational efficiencies, leading to improved net margins through cost optimization.

Revenue & Expenses Breakdown

How Reliance Industries makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:RELIANCE Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 259,996,290831,060295,6200
30 Jun 259,765,410815,040287,2000
31 Mar 259,646,930696,480285,5900
31 Dec 249,398,380691,920276,9300
30 Sep 249,249,380679,170268,5100
30 Jun 249,252,890687,480261,4900
31 Mar 249,010,640696,210256,7900
31 Dec 238,773,650698,690253,2500
30 Sep 238,690,160682,960252,7300
30 Jun 238,681,720647,960254,9600
31 Mar 238,778,350662,840248,7200
31 Dec 228,738,980636,060237,0100
30 Sep 228,417,610635,270220,9400
30 Jun 227,793,170635,510205,2100
31 Mar 226,959,630562,080187,5800
31 Dec 216,421,620540,960174,7300
30 Sep 215,749,950516,050170,5700
30 Jun 215,186,200425,260159,0600
31 Mar 214,669,240434,860148,1700
31 Dec 204,530,490416,710145,5400
30 Sep 204,884,910452,320141,9000
30 Jun 205,270,160469,270139,0800
31 Mar 205,975,350437,980140,7500
31 Dec 196,112,500435,450137,0700
30 Sep 196,144,430419,790130,9200
30 Jun 196,092,400402,330128,7200
31 Mar 195,692,090395,880124,8800
31 Dec 185,595,290386,640116,1800
30 Sep 185,017,300378,330106,8600
30 Jun 184,507,970364,260100,1900
31 Mar 184,082,650360,75095,2300
31 Dec 173,810,110346,86094,6100
30 Sep 173,627,000327,96090,2200
30 Jun 173,492,660318,96087,7900
31 Mar 173,301,800299,01083,8800
31 Dec 162,880,070268,39081,6400
30 Sep 162,763,310265,78082,2400
30 Jun 162,649,190287,19079,2000
31 Mar 162,932,980297,45074,2000
31 Dec 152,837,620266,130224,0600
30 Sep 153,090,290245,790219,2800
30 Jun 153,479,250238,310217,1700
31 Mar 153,754,350235,66062,6200
31 Dec 144,113,930230,660172,9700

Quality Earnings: RELIANCE has high quality earnings.

Growing Profit Margin: RELIANCE's current net profit margins (8.3%) are higher than last year (7.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RELIANCE's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: RELIANCE's earnings growth over the past year (22.4%) exceeds its 5-year average (11.6% per year).

Earnings vs Industry: RELIANCE earnings growth over the past year (22.4%) exceeded the Oil and Gas industry 12.4%.

Return on Equity

High ROE: RELIANCE's Return on Equity (9.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/09 08:23
End of Day Share Price 2025/12/09 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Reliance Industries Limited is covered by 69 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
Nitin BhasinAmbit Capital
Vishwas KatelaAnand Rathi Shares and Stock Brokers Limited