RELIANCE
OVERVALUEDReliance Industries
Oil & Gas · NSE
↓ 101.7% vs fair value
52W Low
₹1,115
+17.1% from low
52W High
₹1,612
-19.0% from high
Valuation Gauge
Current Price
₹1,306
Fair Value
₹648
Fair Value Analysis
₹648
Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | ROCE improving (latest 13.6%) — capital allocation becoming more efficient.
Cash Flow Analysis
40% weight
Balance Sheet Value
20% weight
EV/EBITDA Multiple
40% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Solid Fundamentals
Profitability
ROE of 11.2% is above the Oil & Gas sector benchmark of 10% — strong returns
Debt & Leverage
D/E ratio of 0.4x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 22.0x is 2.7x the Oil & Gas sector median of 8x — expensive
Cash Flow
FCF margin of 4.0% — thin cash generation, watch capex trends
Earnings Growth
5yr EPS CAGR of 4.7% is well below Oil & Gas sector average of 14.6%
Dividend
Dividend yield of 0.4% is symbolic — low but positive
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
1.9%
Free cash flow / market cap
Revenue Growth (YoY)
+10.4%
Year-on-year revenue change
Profit Growth (YoY)
+1.6%
Year-on-year PAT change
Operating Cash Flow
₹178.7K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹61.5
P/E Ratio
22x
P/B Ratio
2.5x
ROE
11.2%
ROCE
8.6%
Debt / Equity
0.36x
Beta
0.22
Div Yield
0.4%
FCF (Cr)
₹38,736 Cr
Revenue (Cr)
₹9,64,693 Cr
EPS Growth 5Y
4.7%
Mkt Cap (Cr)
₹18,27,560 Cr
52W High
₹1,611.8
52W Low
₹1,114.9
Book Value/Share
₹542.4
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹1024.5K Cr | ₹178.6K Cr | 17.0% | ₹97.8K Cr | ₹61.49 |
| 2025-03-31 | ₹962.8K Cr | ₹165.6K Cr | 17.0% | ₹81.3K Cr | ₹51.47 |
| 2024-03-31 | ₹899.0K Cr | ₹162.5K Cr | 18.0% | ₹79.0K Cr | ₹51.45 |
| 2023-03-31 | ₹876.4K Cr | ₹142.3K Cr | 16.0% | ₹74.1K Cr | ₹49.29 |
| 2022-03-31 | ₹694.7K Cr | ₹108.6K Cr | 16.0% | ₹67.8K Cr | ₹44.87 |
| 2021-03-31 | ₹466.3K Cr | ₹80.8K Cr | 17.0% | ₹53.7K Cr | ₹38.75 |
| 2020-03-31 | ₹596.7K Cr | ₹89.3K Cr | 15.0% | ₹39.9K Cr | ₹29.10 |
| 2019-03-31 | ₹568.3K Cr | ₹84.3K Cr | 15.0% | ₹39.8K Cr | ₹29.28 |
| 2018-03-31 | ₹390.8K Cr | ₹64.3K Cr | 16.0% | ₹36.1K Cr | ₹26.69 |
| 2017-03-31 | ₹304.0K Cr | ₹46.3K Cr | 15.0% | ₹29.8K Cr | ₹21.55 |
| 2016-03-31 | ₹272.6K Cr | ₹41.8K Cr | 15.0% | ₹29.9K Cr | ₹21.51 |
| 2015-03-31 | ₹374.4K Cr | ₹37.4K Cr | 10.0% | ₹23.6K Cr | ₹17.07 |
| 2014-03-31 | ₹433.5K Cr | ₹34.9K Cr | 8.0% | ₹22.5K Cr | ₹16.31 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Oil & Gas| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Gulf Oil Lubricants India Limited | ₹891 | ₹1,626.9 | +45.2% | 12.7 | 21.1% | UNDERVALUED |
GP Petroleums Limited | ₹28.7 | ₹44.1 | +35.0% | 5.4 | 7.4% | UNDERVALUED |
Magadh Sugar & Energy Limited | ₹493 | ₹640.5 | +23.0% | 8 | 13.9% | UNDERVALUED |
Oil and Natural Gas Corporation | ₹281.4 | ₹330.7 | +14.9% | 9.5 | 12.2% | FAIRLY_VALUED |
Avadh Sugar & Energy Limited | ₹499 | ₹534.5 | +6.6% | 12.8 | 8.0% | FAIRLY_VALUED |
GAIL India | ₹143.4 | ₹146.9 | +2.3% | 10.9 | 9.8% | FAIRLY_VALUED |
Hindustan Petroleum Corporation Limited | ₹328.9 | ₹333.1 | +1.3% | 4.5 | 12.3% | FAIRLY_VALUED |
Mahanagar Gas | ₹966.6 | ₹849.5 | -13.8% | 9.9 | 17.0% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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