Reliance Industries Limited
Reliance Industries Limited operates in Refineries & Marketing, part of the Oil Gas & Consumable Fuels sector. It booked ₹3.33 L cr of revenue in its latest quarter (Q2 FY27) and kept 7.7% of sales as profit. It is the largest of 7 Refineries & Marketing companies we track, by market value.
| Segment | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|
| Oil to Chemicals (O2C) | 5.95 | 5.65 | 6.27 | 6.62 | 55% → 50% |
| Retail | 2.60 | 3.07 | 3.31 | 3.71 | 24% → 28% |
| Digital Services | 1.20 | 1.33 | 1.54 | 1.76 | 11% → 13% |
| Others | 0.90 | 0.81 | 0.56 | 0.81 | 8% → 6% |
| Oil and Gas | 0.17 | 0.24 | 0.25 | 0.24 | 2% → 2% |
| Total | 10.81 | 11.09 | 11.93 | 13.14 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Reliance Retail is the largest grocery − Stores witnessed over a billion Fashion and Lifestyle retailer in the country, operating footfalls, a significant milestone for Outlook a wide portfolio of formats, each the business.”
“Reliance Reliance Retail is a leading player SCOT Analysis across price points; Ajio Luxe Retail remains steadfast to in consumer electronics retailing in − The business collaborated with over delivered steady performance with a innovation across formats and India.”
Healthier than 53% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 655–2,932 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 67
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in RELIANCE?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹3.33 L cr |
| Other Income | ₹5,793 cr |
| Total Income | ₹3.39 L cr |
| Cost of Materials | ₹1.50 L cr |
| Purchases of Stock-in-Trade | ₹93,594 cr |
| Inventory Change (±) | ₹-17,539 cr |
| Employee Benefit Expense | ₹7,474 cr |
| Finance Costs | ₹8,481 cr |
| Depreciation & Amortisation | ₹15,315 cr |
| Other Expenses | ₹43,088 cr |
| Total Expenses | ₹3.00 L cr |
| Profit before Tax | ₹38,613 cr |
| Tax Expense | ₹9,363 cr |
| Share of JV / Associates | ₹300 cr |
| Net Profit | ₹29,550 cr |
| Net margin on total income | 8.7% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 2.99 L cr | 3.12 L cr | 3.33 L cr |
| Total income | 3.03 L cr | 3.18 L cr | 3.39 L cr |
| Expenses | 2.76 L cr | 2.88 L cr | 3.00 L cr |
| Profit before tax | 27,195 cr | 30,630 cr | 38,613 cr |
| Tax | 6,579 cr | 7,629 cr | 9,363 cr |
| Net profit (owners' share) | 16,971 cr | 20,946 cr | 25,548 cr |
| Net margin (owners' share, on revenue) | 5.7% | 6.7% | 7.7% |
| EPS (₹) | 12.54 | 15.48 | 18.88 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Reliance Industries Limitedthis company | ₹1,308 | ₹17.70 L cr | 17.3 | 10.8% | 7.7% | — |
| Indian Oil Corporation Limited | ₹139 | ₹1.96 L cr | 2.2 | 36.7% | 8.0% | — |
| Bharat Petroleum Corporation Limited | ₹297 | ₹1.27 L cr | 6.5 | 19.2% | 3.1% | — |
| Hindustan Petroleum Corporation Limited | ₹353 | ₹75,006 cr | 5.2 | 27.5% | 2.6% | — |
| Mangalore Refinery and Petrochemicals Limited | ₹180 | ₹31,529 cr | 4.1 | 44.6% | 5.3% | — |
| Chennai Petroleum Corporation Limited | ₹1,541 | ₹22,941 cr | 2.5 | 66.1% | 10.2% | — |
| Kotyark Industries Limited | ₹38 | ₹435 cr | 17.5 | 12.5% | 9.4% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹6 / share | 5 Jun 2026 |
| Dividend | ₹5.5 / share | 14 Aug 2025 |
| Bonus issue | 1:1 | 28 Oct 2024 |
| Dividend | ₹10 / share | 19 Aug 2024 |
| Dividend | ₹9 / share | 21 Aug 2023 |
| Dividend | ₹8 / share | 18 Aug 2022 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 84 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.