NSEI:RELIANCE

Stock Analysis Report

Reliance Industries

Executive Summary

Reliance Industries Limited engages in the hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, textile, and digital service businesses worldwide.

Snowflake

Fundamentals

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has Reliance Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

NSEI:RELIANCE

-1.6%

IN Oil and Gas

-1.0%

IN Market


1 Year Return

-0.4%

NSEI:RELIANCE

-10.1%

IN Oil and Gas

-11.5%

IN Market

RELIANCE outperformed the Oil and Gas industry which returned -10.1% over the past year.

RELIANCE outperformed the Market in India which returned -11.5% over the past year.


Share holder returns

RELIANCEIndustryMarket
7 Day-2.3%-1.6%-1.0%
30 Day-6.7%-3.1%-0.9%
90 Day-7.0%-11.5%-7.0%
1 Year0.1%-0.4%-7.4%-10.1%-9.8%-11.5%
3 Year129.2%124.9%35.0%21.3%16.9%11.0%
5 Year160.3%149.9%47.1%24.1%33.6%21.0%

Price Volatility Vs. Market

How volatile is Reliance Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

22%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Reliance Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).

Reliance Industries's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

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

Reliance Industries is poor value based on expected growth next year.


Price Based on Value of Assets

Reliance Industries is overvalued based on assets compared to the IN Oil and Gas industry average.


Next Steps

Future Growth

How is Reliance Industries expected to perform in the next 1 to 3 years based on estimates from 25 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Reliance Industries's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).

Reliance Industries's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).

Reliance Industries's revenue growth is positive but not above the India market average.

Reliance Industries's earnings growth is positive but not above the India market average.

Reliance Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Reliance Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Reliance Industries performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (10.5% vs 12.4%)

Reliance Industries's earnings growth has exceeded the IN Oil and Gas industry average in the past year (10.5% vs 10.3%).


Return on Equity

Reliance Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Reliance Industries used its assets less efficiently than the IN Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Reliance Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Reliance Industries's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Reliance Industries's level of debt (72.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (69.4% vs 72.7% today).

Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

0.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Reliance Industries's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.57%).

Reliance Industries's dividend is below the markets top 25% of dividend payers in India (2.35%).

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

Dividends paid are thoroughly covered by earnings (10.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (11.8x coverage).


Next Steps

Management

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

11.4yrs

Average management tenure


CEO

Mukesh Ambani (62yo)

17.2yrs

Tenure

₹150,000,000

Compensation

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 E ...


CEO Compensation Analysis

Mukesh's remuneration is higher than average for companies of similar size in India.

Mukesh's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.4yrs

Average Tenure

61.5yo

Average Age

The average tenure for the Reliance Industries management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.2yrs

Average Tenure

64yo

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.


Insider Trading

Reliance Industries individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Buy₹1,697,37716 Sep 19
Piyush Gupta
EntityIndividual
Shares1,400
Max Price₹1,265.80
Sell₹2,498,00005 Sep 19
Man Mohan
EntityIndividual
Shares2,000
Max Price₹1,249.00
Sell₹6,274,13204 Sep 19
Neelamkumar Valecha
EntityIndividual
Shares5,000
Max Price₹1,254.83
Sell₹3,774,32926 Aug 19
Sanjay Saxena
EntityIndividual
Shares3,000
Max Price₹1,267.50
Sell₹1,562,80026 Aug 19
Virenderkumar Gandhi
EntityIndividual
Shares1,200
Max Price₹1,302.33
Sell₹1,290,00020 Aug 19
Man Mohan
EntityIndividual
Shares1,000
Max Price₹1,290.00
Sell₹58,873,11520 Aug 19
Dhanraj Nathwani
EntityIndividual
Shares46,000
Max Price₹1,279.85
Sell₹5,122,88020 Aug 19
Parimal Nathwani
EntityIndividual
Shares4,000
Max Price₹1,280.72
Sell₹12,841,90220 Aug 19
Nihar Jambusaria
EntityIndividual
Shares10,000
Max Price₹1,295.00
Sell₹1,276,00020 Aug 19
Ketan Ravesia
EntityIndividual
Shares1,000
Max Price₹1,276.00
Sell₹12,535,52331 Jul 19
Nihar Jambusaria
EntityIndividual
Shares10,000
Max Price₹1,253.55
Sell₹1,078,38827 Jun 19
Hemen Modi
EntityIndividual
Shares800
Max Price₹1,371.72
Sell₹2,677,08425 Jun 19
Darshan Mehta
EntityIndividual
Shares2,000
Max Price₹1,355.52
Sell₹2,441,00007 Jun 19
Virenderkumar Gandhi
EntityIndividual
Shares1,800
Max Price₹1,356.11
Sell₹1,662,00029 May 19
Jayantha Poojary
EntityIndividual
Shares1,200
Max Price₹1,385.00
Sell₹4,061,63327 May 19
Sanjay Saxena
EntityIndividual
Shares3,000
Max Price₹1,385.14
Sell₹2,699,38027 May 19
Bharat Sethi
EntityIndividual
Shares2,000
Max Price₹1,349.69
Sell₹4,100,65527 May 19
Virenderkumar Gandhi
EntityIndividual
Shares3,000
Max Price₹1,379.48
Sell₹6,668,30027 May 19
Hemant Desai
EntityIndividual
Shares5,000
Max Price₹1,333.66
Buy₹2,677,08409 May 19
Darshan Mehta
EntityIndividual
Shares2,000
Max Price₹1,355.52
Buy₹4,050,49009 May 19
Raminder Gujral
EntityIndividual
Shares3,000
Max Price₹1,369.59
Sell₹2,733,12108 May 19
Partha Maitra
EntityIndividual
Shares2,000
Max Price₹1,366.56
Buy₹1,409,42708 May 19
Rakesh Gupta
EntityIndividual
Shares1,000
Max Price₹1,418.26
Sell₹1,530,44208 May 19
Ketan Ravesia
EntityIndividual
Shares1,100
Max Price₹1,401.00
Buy₹2,781,43608 May 19
Raminder Gujral
EntityIndividual
Shares2,000
Max Price₹1,390.72
Sell₹7,046,95008 May 19
Nihar Jambusaria
EntityIndividual
Shares5,000
Max Price₹1,409.39
Sell₹2,797,95907 May 19
Virenderkumar Gandhi
EntityIndividual
Shares2,000
Max Price₹1,411.51
Sell₹5,660,00006 May 19
B Srinivasan
EntityIndividual
Shares4,000
Max Price₹1,415.00
Sell₹1,411,17006 May 19
Jayant Mandlekar
EntityIndividual
Shares1,000
Max Price₹1,411.17
Sell₹7,020,00026 Apr 19
Deepak Datta
EntityIndividual
Shares5,000
Max Price₹1,404.00
Buy₹1,369,22302 Apr 19
Smita Trivedi
EntityIndividual
Shares1,000
Max Price₹1,369.22
Sell₹1,365,00602 Apr 19
Kaushik Roy
EntityIndividual
Shares1,000
Max Price₹1,366.00
Buy₹10,026,46302 Apr 19
Sanjay Kapoor
EntityIndividual
Shares7,410
Max Price₹1,373.90
Sell₹3,192,00025 Mar 19
Prasad Tipins
EntityIndividual
Shares2,400
Max Price₹1,330.00
Sell₹6,885,00025 Mar 19
Kirit Kumar Brahmbhatt
EntityIndividual
Shares5,000
Max Price₹1,377.00
Sell₹2,056,40325 Mar 19
Virenderkumar Gandhi
EntityIndividual
Shares1,500
Max Price₹1,378.90
Sell₹1,368,00025 Mar 19
Kaushik Roy
EntityIndividual
Shares1,000
Max Price₹1,368.00
Sell₹3,394,62525 Mar 19
Bibhas Gangopadhyay
EntityIndividual
Shares2,500
Max Price₹1,357.85
Sell₹6,825,00019 Mar 19
Deepak Datta
EntityIndividual
Shares5,000
Max Price₹1,365.00
Sell₹1,177,28619 Mar 19
Arunkant Dawda
EntityIndividual
Shares900
Max Price₹1,350.00
Sell₹2,687,05019 Mar 19
Kaushik Roy
EntityIndividual
Shares2,000
Max Price₹1,344.25
Sell₹3,477,22615 Mar 19
Kaushik Roy
EntityIndividual
Shares2,600
Max Price₹1,353.50
Sell₹1,704,13415 Mar 19
Pawan Kapil
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares1,300
Max Price₹1,362.00
Sell₹4,011,68715 Mar 19
Kirit Kumar Brahmbhatt
EntityIndividual
Shares3,000
Max Price₹1,343.15
Sell₹1,328,00315 Mar 19
Virenderkumar Gandhi
EntityIndividual
Shares1,000
Max Price₹1,328.00
Sell₹1,162,54213 Mar 19
Hemen Modi
EntityIndividual
Shares900
Max Price₹1,301.51
Sell₹766,02711 Mar 19
Arunkant Dawda
EntityIndividual
Shares600
Max Price₹1,277.05
Sell₹1,293,44811 Mar 19
Kaushik Roy
EntityIndividual
Shares1,000
Max Price₹1,293.45
Sell₹1,272,40911 Mar 19
Rajaraman Jayaraman
EntityIndividual
Shares1,000
Max Price₹1,280.21
Sell₹3,900,00011 Mar 19
Man Mohan
EntityIndividual
Shares3,000
Max Price₹1,300.00
Sell₹1,224,26408 Mar 19
Rajaraman Jayaraman
EntityIndividual
Shares1,000
Max Price₹1,242.20
Sell₹2,450,00004 Mar 19
Mrunal Pitkar
EntityIndividual
Shares2,000
Max Price₹1,225.00
Buy₹1,224,96028 Feb 19
Darshan Mehta
EntityIndividual
Shares1,000
Max Price₹1,224.96
Buy₹1,219,20020 Feb 19
Raminder Gujral
EntityIndividual
Shares1,000
Max Price₹1,219.20
Buy₹3,069,19120 Feb 19
Hardev Kohli
EntityIndividual
Shares2,500
Max Price₹1,227.68
Sell₹63,312,69914 Feb 19
Jaidev Dayal
EntityIndividual
Shares50,000
Max Price₹1,271.21
Sell₹1,528,58512 Feb 19
Sanjeev Vijayvargia
EntityIndividual
Shares1,200
Max Price₹1,309.30
Sell₹1,304,00012 Feb 19
Bharat Sethi
EntityIndividual
Shares1,000
Max Price₹1,304.00
Sell₹27,412,99907 Feb 19
Sanjay Mashruwala
EntityIndividual
Shares21,000
Max Price₹1,310.93
Sell₹1,032,00007 Feb 19
H. Tripathi
EntityIndividual
Shares800
Max Price₹1,290.00
Sell₹5,156,36707 Feb 19
Amit Chaturvedi
EntityIndividual
Shares4,000
Max Price₹1,289.09
Sell₹3,513,30007 Feb 19
Suketu Vakil
EntityIndividual
Shares2,700
Max Price₹1,301.22
Sell₹1,147,50007 Feb 19
Salil Mishra
EntityIndividual
Shares900
Max Price₹1,275.00
Sell₹1,266,13807 Feb 19
Rajkumar Pugalia
EntityIndividual
Shares1,000
Max Price₹1,283.80
Sell₹1,313,00007 Feb 19
Pavan Jain
EntityIndividual
Shares1,000
Max Price₹1,313.00
Sell₹1,376,11605 Feb 19
Hemen Modi
EntityIndividual
Shares1,100
Max Price₹1,275.75
Sell₹1,127,75805 Feb 19
Arunkant Dawda
EntityIndividual
Shares900
Max Price₹1,270.00
Sell₹1,254,38005 Feb 19
Amit Chaturvedi
EntityIndividual
Shares1,000
Max Price₹1,254.38
Sell₹1,240,00004 Feb 19
Subhasish Mukherjee
EntityIndividual
Shares1,000
Max Price₹1,240.00
Sell₹12,410,00004 Feb 19
Deepak Datta
EntityIndividual
Shares10,000
Max Price₹1,241.00
Sell₹1,232,98330 Jan 19
Piyush Bhatt
EntityIndividual
Shares1,000
Max Price₹1,233.93
Sell₹13,760,74728 Jan 19
Sanjay Mashruwala
EntityIndividual
Shares11,000
Max Price₹1,260.00
Sell₹18,018,60128 Jan 19
Vineyesh Sawhney
EntityIndividual
Shares14,500
Max Price₹1,245.05
Sell₹1,105,33328 Jan 19
Raman Venkatakrishnan
EntityIndividual
Shares900
Max Price₹1,248.00
Sell₹1,240,00025 Jan 19
Sanjay Sinha
EntityIndividual
Shares1,000
Max Price₹1,240.00
Sell₹19,699,99925 Jan 19
Sanjay Mashruwala
EntityIndividual
Shares16,000
Max Price₹1,231.25
Sell₹1,200,00024 Jan 19
Rohinton Dadyburjor
EntityIndividual
Shares1,000
Max Price₹1,200.00
Sell₹1,108,94624 Jan 19
Shivashankar Prabhu
EntityIndividual
Shares900
Max Price₹1,232.50
Sell₹1,230,74024 Jan 19
Raman Venkatakrishnan
EntityIndividual
Shares1,000
Max Price₹1,230.74
Sell₹3,366,10215 Jan 19
Prasad Tipins
EntityIndividual
Shares3,000
Max Price₹1,122.03
Sell₹1,094,01915 Jan 19
Dhirendra Sinha
EntityIndividual
Shares1,000
Max Price₹1,094.02
Buy₹1,001,88002 Jan 19
Kalyansundaram Jayaraman
EntityIndividual
Shares880
Max Price₹1,138.50
Sell₹908,81710 Dec 18
Arunkant Dawda
EntityIndividual
Shares1,000
Max Price₹1,182.76
Sell₹3,472,31604 Dec 18
Partha Maitra
EntityIndividual
Shares3,000
Max Price₹1,157.44
Sell₹1,128,91930 Nov 18
Piyush Bhatt
EntityIndividual
Shares1,000
Max Price₹1,144.30
Sell₹3,334,00321 Nov 18
Prasad Tipins
EntityIndividual
Shares3,000
Max Price₹1,111.33
Sell₹4,441,93119 Nov 18
Makarand Phadke
EntityIndividual
Shares4,000
Max Price₹1,144.05
Buy₹1,602,73605 Nov 18
Seema Raisinghani
EntityIndividual
Shares1,500
Max Price₹1,076.19
Sell₹7,657,86012 Oct 18
Prabakaran Krishnan
EntityIndividual
Shares7,000
Max Price₹1,093.98
Buy₹14,984,11611 Oct 18
Shumeet Banerji
EntityIndividual
Shares13,500
Max Price₹1,109.93
Buy₹737,51910 Oct 18
Anuradha Sethuraman
EntityIndividual
Shares700
Max Price₹1,053.60
Buy₹3,377,35910 Oct 18
R. Bhatt
EntityIndividual
Shares3,000
Max Price₹1,148.18
Buy₹854,79110 Oct 18
Aparna Sethuraman
EntityIndividual
Shares810
Max Price₹1,055.30
Sell₹1,952,00005 Oct 18
Hemant Naik
EntityIndividual
Shares1,600
Max Price₹1,220.00
Sell₹1,705,00005 Oct 18
Hemant Naik
EntityIndividual
Shares1,400
Max Price₹1,217.86
Sell₹1,365,52603 Oct 18
Arunkant Dawda
EntityIndividual
Shares1,100
Max Price₹1,260.00

Ownership Breakdown


Management Team

  • Mukesh Ambani (62yo)

    Chairman & MD

    • Tenure: 17.2yrs
    • Compensation: ₹150.00m
  • Nikhil Meswani (53yo)

    Executive Director

    • Tenure: 33.3yrs
    • Compensation: ₹205.70m
  • Hital Meswani (50yo)

    Executive Director

    • Tenure: 24.1yrs
    • Compensation: ₹205.70m
  • Vinod Ambani

    President

    • Tenure: 0yrs
  • K. Sethuraman (72yo)

    Group Company Secretary & Chief Compliance Officer

    • Tenure: 8.2yrs
  • Panda Madhu Sudana Prasad (67yo)

    Executive Director

    • Tenure: 10.1yrs
    • Compensation: ₹100.00m
  • Alok Agarwal (61yo)

    Chief Financial Officer

    • Tenure: 14.7yrs
  • Pawan Kapil (73yo)

    Executive Director

    • Tenure: 9.3yrs
    • Compensation: ₹41.70m
  • Srikanth Venkatachari (53yo)

    Joint Chief Financial Officer

    • Tenure: 0yrs
  • Savithri Parekh

    Joint Company Secretary & Compliance Officer

    • Tenure: 0.5yrs

Board Members

  • Dipak Jain (62yo)

    Independent Director

    • Tenure: 14.1yrs
    • Compensation: ₹17.50m
  • Mukesh Ambani (62yo)

    Chairman & MD

    • Tenure: 17.2yrs
    • Compensation: ₹150.00m
  • Nikhil Meswani (53yo)

    Executive Director

    • Tenure: 33.3yrs
    • Compensation: ₹205.70m
  • Hital Meswani (50yo)

    Executive Director

    • Tenure: 24.1yrs
    • Compensation: ₹205.70m
  • Yogendra Trivedi (90yo)

    Independent Director

    • Tenure: 27.4yrs
    • Compensation: ₹20.10m
  • Panda Madhu Sudana Prasad (67yo)

    Executive Director

    • Tenure: 10.1yrs
    • Compensation: ₹100.00m
  • Adil Zainulbhai (66yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: ₹19.50m
  • Raghunath Mashelkar (76yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: ₹19.90m
  • Pawan Kapil (73yo)

    Executive Director

    • Tenure: 9.3yrs
    • Compensation: ₹41.70m
  • Nita Ambani (57yo)

    Non-Executive Non-Independent Director

    • Tenure: 5.3yrs
    • Compensation: ₹17.20m

Company Information

Reliance Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Reliance Industries Limited
  • Ticker: RELIANCE
  • Exchange: NSEI
  • Founded: 1973
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ₹7.096t
  • Shares outstanding: 5.93b
  • Website: https://www.ril.com

Number of Employees


Location

  • Reliance Industries Limited
  • Maker Chambers - IV
  • 3rd Floor
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RELINBDL (Bourse de Luxembourg)GDR EACH REP 2 INR10 LEVEL 1(BNY)'144ALUUSDFeb 1993
RLIDB (Deutsche Boerse AG)GDR EACH REP 2 INR10 LEVEL 1(BNY)'144ADEEURFeb 1993
RIGDLSE (London Stock Exchange)GDR EACH REP 2 INR10 LEVEL 1(BNY)'144AGBUSDFeb 1993
RIGDLBATS-CHIXE (BATS 'Chi-X Europe')GDR EACH REP 2 INR10 LEVEL 1(BNY)'144AGBUSDFeb 1993
RLIWBAG (Wiener Boerse AG)GDR EACH REP 2 INR10 LEVEL 1(BNY)'144AATEURFeb 1993
500325BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 1995
RELIANCENSEI (National Stock Exchange of India)YesEquity SharesININRNov 1995

Biography

Reliance Industries Limited engages in the hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, textile, and digital service businesses worldwide. The company p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 12:41
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.