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Reliance Industries Ltd share Price

Company details

6M Return 14.29%
1Y Return 3.36%
Mkt Cap.(Cr) 1,593,384.84
Volume 9,588,393
Div Yield 0.38%
OI Chg %
Volume 9,588,393

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About The Stock

    Reliance Industries (RIL) is one of India’s biggest conglomerates with a presence in oil refining & marketing and petrochemicals, oil & gas exploration, retail, digital services and media, etc, making it a well-diversified business entity.

    • At the EBITDA level in FY22, O2C and oil & gas contributed 49% while retail, digital and others contributed 10%, 34% and 7%, respectively

    RIL’s results were below estimates on the profitability front on account of weaker-than-expected oil-to-chemicals (O2C) earnings.

    • Revenue was up 36.8% YoY to ₹ 211887 crore as all segments reported revenue growth. It grew 10.8% QoQ led by O2C and digital service
    • EBITDA was at ₹ 31366 crore, up 34.3% YoY, 5.6% QoQ. EBITDA growth YoY was driven by O2C (up 24.8% YoY) and digital service (up 25.3% YoY) mainly on account of higher refining earnings in O2C coupled with tariff hike undertaken in December 2021
    • Subsequently, PAT was at ₹ 16203 crore, up 22.5% YoY. PAT declined 12.6% QoQ owing to lower other income and exceptional gain of ₹ 2836 crore reported in Q3FY22

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Refineries/Petro-Products company Reliance Industries announced Q1FY24 results:

  • Gross Revenue was Rs 2,31,132 crore (USD 28.2 billion), down 4.7% YoY, due to a sharp decline in O2C revenues with a 31% fall in crude oil prices. However, this is partially offset by continued growth in consumer businesses and an increase in volumes from O2C and Oil & Gas business.
  • EBITDA increased by 5.1% YoY to Rs 41,982 crore (USD 5.1 billion). EBITDA growth was led by consumer and upstream businesses, which offset the decline in O2C earnings. O2C earnings were lower due to a sharp fall in fuel cracks from exceptionally high levels in Q1FY23. Higher subscriber base and customer engagement led to revenue and profitability growth for Digital Services. Retail earnings reflect an expanded footprint and improved profitability with operating leverage. Higher production and realizations contributed to growth in Oil & Gas EBITDA.
  • Depreciation increased by 31.7% YoY to Rs 11,775 crore (USD 1.4 billion) due to an expanded asset base across all the businesses and higher network utilization in the Digital Services business.
  • Finance costs increased by 46.0% YoY to Rs 5,837 crore (USD 711 million) primarily due to higher interest rates and loan balances.
  • Tax Expenses of Rs 6,112 crore (USD 745 million) in Q1FY24 were lower on account of lower deferred tax in Q1FY24.
  • Profit for Q1FY24 declined by 5.9% YoY at Rs 18,258 crore (USD 2.2 billion) on account of higher finance costs and increased depreciation.
  • The Capital Expenditure for Q1FY24 was Rs 39,645 crore (USD 4.8 billion).

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries said: “Reliance’s strong operating and financial performance this quarter demonstrates the resilience of our diversified portfolio of businesses that cater to demand across industrial and consumer segments.

Jio’s wide range of quality offerings at affordable price points has enabled strong growth in its subscriber base, which reflects in the financial performance of the digital services business. The accelerated roll-out of Jio’s True 5G services is propelling the nation’s digital transformation at an unprecedented pace. In another step towards democratizing the Internet in India, Jio launched the “JioBharat” Phone Platform, making Internet technology accessible and affordable to every Indian.

The retail business delivered robust growth, with fast-paced store additions and steady growth in footfalls. Digital and New Commerce initiatives contribute to scaling up, delivering value to consumers, and providing synergistic benefits to merchant partners.

O2C business delivered a resilient performance despite continuing global macro headwinds. Commencement of MJ field operations during the quarter will enhance India’s energy security, with total production from the KGD6 block rising to ~30 MMSCMD in the coming months.

The process of demerger of the financial services business – Jio Financial Services Limited – is on track with key approvals in place. I firmly believe that Jio Financial Services is uniquely positioned to foster financial inclusion in India.”



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Trading recommendation

Call Date
23 Oct 2021
Entry Price 2,627.00
Target Price 2,900.00
Stop Loss -
Investment recommendation
Call Date
27 May 2023
Entry Price 2,465.00
Target Price 2,710.00
3 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Reliance Industries Ltd Stocks COMPARISION


Equity Capital: 715,872.00 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,676.55 -6,386.02
LAST 3M 37,244.98 6,086.45
LAST 6M 47,342.46 153,492.54
LAST 12M 133,811.11 156,210.35
Reliance Industries Limited - Loss of Share Certificates

Sep 21, 2023 l NSE Announcement

Reliance Industries Limited - Loss of Share Certificates

Sep 18, 2023 l NSE Announcement

Date Action Type Ratio
Aug 21, 2023 Dividend 90
Aug 18, 2022 Dividend 80
Jun 11, 2021 Dividend 70

Reliance Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Reliance Industries Ltd. is a company that deals in the refineries sector, having a market capitalization of worth Rs.12,26,048.07 Cr as of 16 April 2021. The company was incorporated in 1973. The company has reported its consolidated quarterly revenue of Rs.67,400Cr as of December 2020. This company is found listed on the Bombay Stock Exchange (BSE) with the code 500325 and National Stock Exchange (NSE) with the symbol RELIANCE. Being the largest private-sector corporation in India, Reliance Industries Ltd. majorly provides digital, energy, entertainment, materials and retail services to customers having a wide range of needs and preferences. Committed to innovation-led, exponential growth, the company aims to touch the lives of almost every Indian on a social and economic spectrum. Reliance Industries Ltd. (RIL) is a multinational conglomerate of India which is headquartered in Mumbai. The company owns businesses across India and is engaged in natural resources, energy, telecommunications, petrochemicals, textiles and retail. Since recently surpassing the Indian Oil Corporation, the company is considered one of the most profitable Indian companies, as well as the biggest publicly listed company in terms of market capitalization and sales. On 10 September 2020, Reliance Industries Ltd. became the first domestic company that has crossed $200 billion in market capitalization. It is ranked 96th on the Fortune Global 500 list of the world's most giant corporations as of 2020 and secured 8th place among the Top 250 Global Energy Companies by Platts as of 2016. Reliance is responsible for acquiring about 5% of the Indian Government's aggregate revenue from excise and customs duties. Apart from this, it is also the highest income tax payer private sector company in India. It issued the Initial Public Offering (IPO) in 1977. The company reported a net profit of Rs.14,819.00 Cr in March 2021. It has reported Gross Sales of Rs. 3652020 Cr and Total Income of Rs.3506890 Cr. as of March 2021. The company's operations range from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and fabrics. On 2 April 2021, the company mentioned that it had won backing from its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into an independent unit.

Registered Address

3rd Floor Maker Chambers IV, 222 Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-22785000 / 35555000
Email : investor.relations:ril.com
Website : http://www.ril.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500325
Book Closure Date (Month) :
BSE Group : A
ISIN : INE002A01018

FAQ’s on Reliance Industries Ltd Shares

You can buy Reliance Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Reliance Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:59 PM the closing price of Reliance Industries Ltd was ₹ 2,354.95.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 03:59 PM, the market cap of Reliance Industries Ltd stood at ₹ 1,593,384.84.

The latest PE ratio of Reliance Industries Ltd as of Sep 22, 2023 03:59 PM is 24.63

The latest PB ratio of Reliance Industries Ltd as of Sep 22, 2023 03:59 PM is 0.45

The 52-week high of Reliance Industries Ltd is ₹ 2,630.95 while the 52-week low is ₹ 1,979.13

According to analyst recommendations, Reliance Industries Ltd has a “Buy” rating for the long term.

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