NSE: RELIANCE · BSE: 500325 · ISIN INE002A01018
Reliance Industries Limited stock analysis
Reliance Industries Limited ranks #2178 in the TickerSutra evidence-ranked universe with a score of 48/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.3%, quarterly sales growth of 27.0% and quarterly profit growth of 2.0%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.07×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹6,94,673cr | ₹1,08,581cr | ₹67,845cr | 16.0% |
| 2023 | ₹8,76,396cr | ₹1,42,318cr | ₹74,088cr | 16.0% |
| 2024 | ₹8,99,041cr | ₹1,62,498cr | ₹79,020cr | 18.0% |
| 2025 | ₹9,62,820cr | ₹1,65,598cr | ₹81,309cr | 17.0% |
| 2026 | ₹10,55,780cr | ₹1,79,065cr | ₹95,754cr | 17.0% |
| TTM | ₹11,23,055cr | ₹1,83,561cr | ₹88,167cr | 16.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Intimation of Credit Rating assigned by CARE Ratings Limited and CRISIL Ratings Limited
RoutineRegulation 60(2) Record Date Interest Payment / Redemption / DividendBSE · 25 Sept 2026The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of
RoutineReliance Industries Ltd - 500325 - Update On Institutional Investors'' Meeting - J.P. Morgan India Conference 2026BSE · 22 Sept 2026This is further to the disclosure dated September 16, 2026 made by the Company. We wish to inform you that the Company executives participated in the Institutional Investors'' Meeting - ....
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 22 Sept 2026 · Structured filingReliance Industries Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Reliance Industries Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceThis is further to the disclosure dated September 16, 2026 made by the Company. We wish to inform you that the Company executives participated in the Institutional Investors' Meeting - J.P. Morgan India Conference 2026 and no unpublished price sensitive information was shared/discussed in the said one-on-one meeting.
MANAGEMENT COMMENTARY
Signals from filed documents
Digital Services Digital Services achieved a gross revenue of ₹ 1,76,164 crore with growth driven by robust subscriber addition, ARPU growth and scale-up of digital services. The business registered an EBITDA of ₹ 76,560 crore growing by 17.8% Y-o-Y on account of higher revenues and operating leverage led margin improvement. Digital Services has delivered ~18% CAGR in EBITDA over the past five years.
By combining domestic compute capacity with localised, multilingual, voice-first platforms, Reliance will empower everyone - from farmers and students to large corporations - to innovate and compete with cutting-edge AI solutions and services. Jio Extends Market Leadership across Mobility and Fixed Broadband As of March 2026, Jio had over 524 million total customers, including 268 million+ 5G users and 27 million+ fi
Supply Chain/Food Parks Strategically vital to Company's growth are the world-class, unique, vertically integrated Food Parks that the business is building at various locations across the country. These would provide significant cost advantages arising from scale, backward integration, and cross- category efficiencies. Mergers and Acquisitions RCPL intends to outpace industry growth through accelerated organic expans
• Managing cost and margin pressures while simultaneously scaling across markets, channels, and building world-class supply chain infrastructure. Threats • Increasing global uncertainties is putting pressure on energy, freight and raw material costs. Broader geopolitical shifts could further destabilize global supply chain.
Digital Services Digital Services achieved a gross revenue of ₹ 1,76,164 crore with growth driven by robust subscriber addition, ARPU growth and scale-up of digital services. The business registered an EBITDA of ₹ 76,560 crore growing by 17.8% Y-o-Y on account of higher revenues and operating leverage led margin improvement. Digital Services has delivered ~18% CAGR in EBITDA over the past five years.
Scout for new acreages in the OALP bid rounds. E&P Portfolio Blocks with RIL Conventional Blocks KG-DWN- 98/3 (RIL 66.67%, bp 33.33%) NEC-OSN-97/2 (RIL 66.67%, bp 33.33%) KG-UDWHP-2018/1 (RIL 60%, bp 40%) KG-UDWHP-2022/1(RIL 60%, bp 40%) GS-OSHP-2022/2 (ONGC 40% RIL 30%, bp 30%)* Coal Bed Methane Blocks SP (East)-CBM-2001/1 (RIL 100%) SP (West)-CBM-2001/1 (RIL 100%) *Operated by ONGC Strategic Objective Business Perf
Unplanned shutdowns, geo-political tensions and conflicts further contribute to volatility. Currency fluctuations, speculative trading, climate events, and regulatory or policy changes such as tariffs and sanctions also impact commodity prices and availability Risk Response RIL leveraged feedstock flexibility and domestic placement to sustain downstream operating rates. Higher share of Time Chartered vessels mitigate
• resQ expanded service availability through newer plans, additional categories and strengthened service centres, significantly deepening post- purchase consumer engagement. • Own Brands strengthened the portfolio with acquisition of Kelvinator brand IP for India along with launch of differentiated product offerings, while JioMart Digital business maintained growth with deeper merchant engagement and an expanding cus
The portfolio is already present across select markets in the Middle East, Africa and South Asia, with recent global acquisitions providing entry into Australia, the UK and Europe. RCPL believes its differentiated value proposition of combining quality with accessible pricing, is not just relevant in India, but also holds relevance across international markets. SCOT Analysis Strengths • Strong value proposition cente
Integrated producers continued to optimise production based on PX vs. PTA-PX delta decreased by 9.8% due to significant capacity expansion of PTA in China. MEG-Naphtha delta declined marginally by 0.6%.
A comprehensive assessment was undertaken, incorporating perspectives from internal and external stakeholders to identify priority issues. The outcomes were reviewed and approved by the Executive Board to ensure alignment with the Company’s strategic objectives. The assessment was carried out using a double materiality lens, evaluating both the impact of ESG factors on the business and the Company’s impact on the env
• Feedstock price fluctuations impacting spreads. • Global overcapacity in downstream chemical exerting margin pressure. • Weather and regulatory impacts dampening select segment demand.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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