Valuation Reliance Industries Ltd

Equities

RELIANCE

INE002A01018

Oil & Gas Refining and Marketing

Delayed NSE India S.E. Other stock markets 10:46:44 08/07/2025 am IST			5-day change	1st Jan Change
1,536.00 ^INR	-0.36%		+0.50%	+26.37%

07/07	INDIA STOCKS-Indian benchmarks end flat as consumer stocks offset broader losses amid tariff uncertainty	RE
07/07	Jio BlackRock raises more than $2.1 billion through debut mutual fund offers	RE

Company Valuation: Reliance Industries Ltd

Data adjusted to current consolidation scope

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	66,00,576	1,27,18,171	1,67,44,646	1,48,08,378	2,01,05,756	1,95,87,568	-	-
Change	-	92.68%	31.66%	-11.56%	35.77%	-2.58%	-	-
Enterprise Value (EV) ¹	92,05,546	1,47,81,841	1,90,45,916	1,72,08,378	2,23,79,726	1,86,12,623	2,17,06,152	2,12,46,958
Change	-	60.58%	28.85%	-9.65%	30.05%	-16.83%	-1.27%	-2.12%
P/E ratio	17.5x	26.6x	29x	23.6x	28.9x	24.8x	26x	22.9x
PBR	1.56x	1.84x	2.29x	1.92x	2.53x	2.05x	2.24x	2.07x
PEG	-	1.4x	1.4x	2.77x	6.61x	637.98x	1.9x	1.7x
Capitalization / Revenue	1.11x	2.72x	2.39x	1.68x	2.23x	1.68x	1.92x	1.78x
EV / Revenue	1.54x	3.17x	2.72x	1.96x	2.48x	1.93x	2.13x	1.93x
EV / EBITDA	10.4x	18.3x	17.2x	12x	13.8x	11.3x	11.6x	10.2x
EV / EBIT	13.9x	27.3x	23.6x	16.8x	20.1x	16.6x	17x	14.7x
EV / FCF	42.7x	-18.6x	181x	-66.3x	379x	48x	46.9x	33.8x
FCF Yield	2.34%	-5.39%	0.55%	-1.51%	0.26%	2.08%	2.13%	2.95%
Dividend per Share ²	3.25	3.5	4	4.5	5	5.5	5.674	6.644
Rate of return	0.58%	0.35%	0.3%	0.39%	0.34%	0.43%	0.37%	0.43%
EPS ²	31.74	37.6	45.42	49.3	51.45	51.47	59.32	67.28
Distribution rate	10.2%	9.31%	8.81%	9.13%	9.72%	10.7%	9.56%	9.87%
Net sales ¹	59,67,430	46,69,240	69,99,620	87,94,680	90,10,640	96,46,930	1,02,09,811	1,09,84,829
EBITDA ¹	8,82,170	8,07,370	11,04,600	14,29,080	16,22,330	16,54,440	18,71,318	20,85,591
EBIT ¹	6,60,140	5,41,650	8,06,630	10,25,890	11,14,010	11,23,080	12,75,180	14,44,853
Net income ¹	3,93,540	4,91,280	6,07,050	6,67,020	6,96,210	6,96,480	8,05,912	9,14,226
Net Debt ¹	26,04,970	20,63,670	23,01,270	24,00,000	22,73,970	24,10,280	21,18,584	16,59,390
Reference price ²	556.88	1,001.55	1,317.38	1,165.52	1,485.85	1,541.50	1,541.50	1,541.50
Nbr of stocks (in thousands)	1,18,52,885	1,26,98,488	1,27,10,615	1,27,05,329	1,35,31,484	1,27,06,823	-	-
Announcement Date	30/04/20	30/04/21	06/05/22	21/04/23	22/04/24	25/04/25	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
RELIANCE INDUSTRIES LTD	29.2x	2.27x	13.06x	0.35%	23TCr
EXXON MOBIL CORPORATION	16.45x	1.58x	7.06x	3.57%	48TCr
CHINA PETROLEUM & CHEMICAL CORPORATION	9.19x	0.34x	5.18x	7.56%	8.93TCr
BP PLC	11.83x	0.61x	3.34x	6.34%	7.89TCr
MARATHON PETROLEUM CORPORATION	23.21x	0.44x	5.46x	2.09%	5.42TCr
PHILLIPS 66	25.64x	0.55x	10.1x	3.72%	5.15TCr
VALERO ENERGY CORPORATION	37.88x	0.43x	6.75x	3.13%	4.5TCr
IMPERIAL OIL LIMITED	14.49x	1.06x	8.15x	2.56%	4.08TCr
OIL AND NATURAL GAS CORPORATION LIMITED	6.91x	0.61x	4.05x	5.13%	3.54TCr
INDIAN OIL CORPORATION LIMITED	17.74x	0.44x	8.98x	2.92%	2.47TCr
Average	19.25x	0.83x	7.21x	3.74%	11.27TCr
Weighted average by Cap.	19.40x	1.33x	7.90x	3.34%