Reliance Industries (RELIANCE) Stock Overview
Engages in the hydrocarbon exploration and production, oil and chemicals, retail, and digital service businesses worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for RELIANCE from our risk checks.
RELIANCE Community Fair Values
Create NarrativeSee what 237 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Reliance Industries Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹1,336.40 |
| 52 Week High | ₹1,611.80 |
| 52 Week Low | ₹1,290.00 |
| Beta | 0.24 |
| 1 Month Change | -0.51% |
| 3 Month Change | -5.86% |
| 1 Year Change | -8.24% |
| 3 Year Change | 9.45% |
| 5 Year Change | 33.47% |
| Change since IPO | 10,262.20% |
Recent News & Updates
Narrative Update • May 03
RELIANCE: Long Term Green Ammonia Offtake Is Expected To Support Earnings
Analysts have revised the fair value estimate for Reliance Industries to ₹1,696.63 from ₹1,732.03, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research on comparable large caps points to a pattern that can be useful when thinking about Reliance Industries, especially around how valuation targets move as execution and growth assumptions are refreshed.Analysis Article • May 01
Reliance Industries (NSE:RELIANCE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Reliance Industries Limited ( NSE:RELIANCE ) announced strong profits, but the stock was stagnant. We did some digging...Analysis Article • Apr 28
Reliance Industries Limited (NSE:RELIANCE) Just Released Its Annual Results And Analysts Are Updating Their Estimates
As you might know, Reliance Industries Limited ( NSE:RELIANCE ) recently reported its full-year numbers. Reliance...Narrative Update • Apr 17
RELIANCE: Green Energy Agreements Will Support Future Earnings Resilience
Analysts have nudged their price framework for Reliance Industries higher, with the fair value marker moving from about ₹1,719.94 to roughly ₹1,732.03, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple in their rationale. Analyst Commentary Recent Street research around transport and logistics peers, such as Ryder, gives some context for how analysts are thinking about value, execution risk and growth when they tweak fair values.Recent updates
Narrative Update • May 03
RELIANCE: Long Term Green Ammonia Offtake Is Expected To Support Earnings
Analysts have revised the fair value estimate for Reliance Industries to ₹1,696.63 from ₹1,732.03, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research on comparable large caps points to a pattern that can be useful when thinking about Reliance Industries, especially around how valuation targets move as execution and growth assumptions are refreshed.Analysis Article • May 01
Reliance Industries (NSE:RELIANCE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Reliance Industries Limited ( NSE:RELIANCE ) announced strong profits, but the stock was stagnant. We did some digging...Analysis Article • Apr 28
Reliance Industries Limited (NSE:RELIANCE) Just Released Its Annual Results And Analysts Are Updating Their Estimates
As you might know, Reliance Industries Limited ( NSE:RELIANCE ) recently reported its full-year numbers. Reliance...Narrative Update • Apr 17
RELIANCE: Green Energy Agreements Will Support Future Earnings Resilience
Analysts have nudged their price framework for Reliance Industries higher, with the fair value marker moving from about ₹1,719.94 to roughly ₹1,732.03, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple in their rationale. Analyst Commentary Recent Street research around transport and logistics peers, such as Ryder, gives some context for how analysts are thinking about value, execution risk and growth when they tweak fair values.Narrative Update • Apr 02
RELIANCE: Deepwater Collaboration And Green Ammonia Agreement Will Support Future Earnings Resilience
Analysts made a modest upward revision to their fair value estimate for Reliance Industries, with the price target moving from about ₹1,717 to roughly ₹1,720. This reflects updated assumptions around slightly lower revenue growth, a marginally higher profit margin, and a small adjustment to future P/E expectations.Narrative Update • Mar 18
RELIANCE: Deepwater Asset Sharing And Stable Margins Will Support Future Earnings Resilience
Analysts have trimmed their fair value estimate for Reliance Industries by about ₹1, bringing it to roughly ₹1,717, as small tweaks to profit margin and future P/E assumptions filter through their price target models. Analyst Commentary Street research on transport peers such as Ryder provides some context for how analysts think about valuation resets and earnings assumptions, which can inform how you look at Reliance Industries when fair value estimates move by small increments.Narrative Update • Mar 04
RELIANCE: Deepwater Resource Sharing Agreement Will Support Future Earnings Resilience
Analysts have made a small upward revision to their price target on Reliance Industries, lifting fair value by about ₹1.43 per share as they fine tune assumptions around revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research commentary around large cap names shows a mix of optimism and caution that can help frame how you think about Reliance Industries and its valuation setup.Narrative Update • Feb 17
RELIANCE: Deepwater Resource Sharing And Earnings Visibility Will Support Future Resilience
Analysts have adjusted their price target for Reliance Industries slightly lower to around ₹1,717. This reflects small tweaks to fair value, discount rate and assumptions for revenue growth, profit margin and future P/E in line with recent recalibrations seen across broader research coverage.Narrative Update • Feb 03
RELIANCE: Earnings Visibility And P E Support Will Underpin Future Resilience
Analysts have inched their fair value estimate for Reliance Industries up from ₹1,714.03 to ₹1,719.70 per share, reflecting refreshed assumptions on revenue growth, profit margins and future P/E multiples in line with their broader earnings outlook work. Analyst Commentary Analysts are treating the small fair value revision for Reliance Industries as a fine tuning exercise rather than a major reset, with views split between confidence in execution and caution around what is already priced in.Analysis Article • Jan 21
Reliance Industries Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Shareholders might have noticed that Reliance Industries Limited ( NSE:RELIANCE ) filed its third-quarter result this...Narrative Update • Jan 19
RELIANCE: AI Partnership And Diversified Earnings Base Will Support Future Resilience
Analysts have made a small upward revision to their fair value estimate for Reliance Industries to about ₹1,714 per share, citing refreshed assumptions on growth, margins and future P/E multiples following broader sector estimate updates. Analyst Commentary Bullish Takeaways Bullish analysts see the refreshed fair value of about ₹1,714 per share as reasonable, given updated assumptions on Reliance Industries' growth profile and margin structure relative to peers.Analysis Article • Jan 06
Unpleasant Surprises Could Be In Store For Reliance Industries Limited's (NSE:RELIANCE) Shares
It's not a stretch to say that Reliance Industries Limited's ( NSE:RELIANCE ) price-to-earnings (or "P/E") ratio of...Narrative Update • Jan 05
RELIANCE: AI Partnership And Cloud Collaboration Will Support Earnings Resilience
Analysts have nudged their fair value estimate for Reliance Industries from ₹1,700.83 to ₹1,707.94, citing small refinements to revenue growth, profit margin expectations and the future P/E assumption. What's in the News Reliance Industries, through Reliance Intelligence Limited, and Google announced a broad AI partnership aimed at expanding access to Artificial Intelligence tools across consumers, enterprises and developers in India, aligned with Reliance's AI for All vision (company announcement).Narrative Update • Dec 16
RELIANCE: AI Partnership And Diversified Platforms Will Support Future Earnings Resilience
Analysts have nudged their price target on Reliance Industries slightly higher, with fair value rising by about ₹4 per share to roughly ₹1,701. They cite sustained long term growth drivers and improved confidence in the company’s evolving business mix.Analysis Article • Dec 06
Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 02
RELIANCE: Diversified Segments And New Ventures Will Support Continued Resilience
Analysts have raised their price target for Reliance Industries by approximately ₹8, citing incremental improvements in revenue growth and profit margin forecasts, which support a marginally higher fair value estimate. Analyst Commentary Following the modest price target increase, market experts have weighed in on the key factors influencing their outlook for Reliance Industries.Analysis Article • Nov 21
With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Nov 18
RELIANCE: New AI Partnerships Will Drive Future Expansion Opportunities
Analysts have slightly increased their price target for Reliance Industries, raising it by approximately ₹3 to ₹1,688.69. They cite marginal improvements in the company’s discount rate and outlook for profit margin stability as reasons for this adjustment.Narrative Update • Nov 03
RELIANCE: Upcoming AI Partnership And Digital Expansion Will Drive Earnings Momentum
Analysts have raised their price target for Reliance Industries from ₹1,664 to ₹1,686. They cite improved revenue growth projections and stronger profit margins in their updated outlook.Narrative Update • Oct 20
Digital, Retail, And Green Energy Trends Will Power India
Analysts have raised their price target for Reliance Industries from ₹1,640 to ₹1,664. They cite expectations of stronger profit margins and a lower discount rate, even though revenue growth forecasts are more modest.Narrative Update • Sep 04
Digital, Retail, And Green Energy Trends Will Power India
With both the Future P/E ratio and revenue growth forecasts holding steady, analysts have maintained Reliance Industries' consensus fair value at ₹1640. What's in the News Board approved formation of new AI-focused subsidiary, Reliance Intelligence Limited, and a joint venture with Meta to deliver enterprise AI solutions in India, with Meta and Reliance investing INR 855 million (70/30 split).Analysis Article • Aug 06
With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case
NSEI:RELIANCE 1 Year Share Price vs Fair Value Explore Reliance Industries's Fair Values from the Community and select...Analysis Article • Jul 22
Reliance Industries Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Reliance Industries Limited ( NSE:RELIANCE ) shareholders are probably feeling a little disappointed, since its shares...Analysis Article • Jul 12
Reliance Industries Limited's (NSE:RELIANCE) Business Is Yet to Catch Up With Its Share Price
With a median price-to-earnings (or "P/E") ratio of close to 30x in India, you could be forgiven for feeling...Analysis Article • May 19
A Look At The Intrinsic Value Of Reliance Industries Limited (NSE:RELIANCE)
Key Insights The projected fair value for Reliance Industries is ₹1,290 based on 2 Stage Free Cash Flow to Equity With...
New Narrative • Nov 07
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.Shareholder Returns
| RELIANCE | IN Oil and Gas | IN Market | |
|---|---|---|---|
| 7D | -6.9% | -4.0% | -2.8% |
| 1Y | -8.2% | -2.3% | -1.2% |
Return vs Industry: RELIANCE underperformed the Indian Oil and Gas industry which returned -2.3% over the past year.
Return vs Market: RELIANCE underperformed the Indian Market which returned -1.2% over the past year.
Price Volatility
| RELIANCE volatility | |
|---|---|
| RELIANCE Average Weekly Movement | 3.8% |
| Oil and Gas Industry Average Movement | 6.8% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in IN Market | 10.1% |
| 10% least volatile stocks in IN Market | 4.7% |
Stable Share Price: RELIANCE has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: RELIANCE's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1957 | 403,303 | Mukesh Ambani | www.ril.com |
Reliance Industries Limited engages in the hydrocarbon exploration and production, oil and chemicals, retail, and digital service businesses worldwide. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company offers refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulphur, and petroleum coke.
Reliance Industries Limited Fundamentals Summary
| RELIANCE fundamental statistics | |
|---|---|
| Market cap | ₹18.08t |
| Earnings (TTM) | ₹807.75b |
| Revenue (TTM) | ₹10.57t |
22.4x
P/E Ratio1.7x
P/S RatioIs RELIANCE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RELIANCE income statement (TTM) | |
|---|---|
| Revenue | ₹10.57t |
| Cost of Revenue | ₹6.89t |
| Gross Profit | ₹3.69t |
| Other Expenses | ₹2.88t |
| Earnings | ₹807.75b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 59.69 |
| Gross Margin | 34.86% |
| Net Profit Margin | 7.64% |
| Debt/Equity Ratio | 34.5% |
How did RELIANCE perform over the long term?
See historical performance and comparisonDividends
0.4%
Current Dividend Yield10%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/16 19:59 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 63 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Chauhan | 360 ONE Capital Market Private Limited |
| Vivekanand Subbaraman | Ambit Capital |
| Vishwas Katela | Anand Rathi Shares and Stock Brokers Limited |