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Reliance Industries Limited (RELIANCE) AI Stock Analysis
Reliance Industries Limited
(NSE:RELIANCE)
The score is primarily supported by solid financial performance (steady growth and moderate leverage), but is held back by margin compression and historically volatile free cash flow. Technicals are neutral-to-soft (negative MACD and price below longer-term averages), and valuation offers limited support given the ~23.7 P/E and low dividend yield.
Reliance Industries Limited (RELIANCE) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 15.76T
- Dividend Yield
- 0.52%
- Average Volume (3M)
- 952.12K
- Price to Earnings (P/E)
- 21.1
- Beta (1Y)
- 1.01
- Revenue Growth
- 19.95%
- EPS Growth
- -1.20%
- Country
- India
- Employees
- 419,911
- Sector
- General
- Sector Strength
- 55
- Industry
- Oil & Gas Refining & Marketing
Reliance Industries Limited Business Overview & Revenue Model
Company Description
Reliance Industries Limited, a Mumbai-headquartered Indian conglomerate founded in 1973, manages a vast array of global enterprises. The company's operations span numerous key sectors, including hydrocarbon exploration and extraction, the production...
How the Company Makes Money
Reliance makes money primarily by generating revenue across three large operating engines—(1) energy and petrochemicals, (2) retail, and (3) digital services—each with distinct revenue drivers. 1) Energy and petrochemicals (O2C: Oil-to-Chemicals) - R...
Reliance Industries Limited Financial Statement Overview
Summary
Solid scale and steady revenue/net income growth, with moderate leverage (debt-to-equity ~0.44). Offsetting this are recent margin compression (gross and EBITDA margins down in 2026) and a history of volatile free cash flow, despite strong improvement and positive FCF in 2025–2026.
Income Statement
74PositiveBalance Sheet
72PositiveCash Flow
60Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.23T | 10.57T | 9.65T | 9.01T | 8.78T | 6.96T |
| Gross Profit | 2.86T | 2.81T | 2.82T | 2.65T | 2.06T | 1.64T |
| EBITDA | 1.97T | 2.08T | 1.83T | 1.79T | 1.53T | 1.26T |
| Net Income | 747.27B | 807.75B | 696.48B | 696.21B | 667.02B | 607.05B |
Balance Sheet | ||||||
| Total Assets | 0 | 21.78T | 19.50T | 17.56T | 16.07T | 15.00T |
| Cash, Cash Equivalents and Short-Term Investments | 2.58T | 2.43T | 2.25T | 1.54T | 1.87T | 1.44T |
| Total Debt | 0 | 3.98T | 3.70T | 3.46T | 3.34T | 2.82T |
| Total Liabilities | -10.86T | 10.92T | 9.40T | 8.30T | 7.79T | 6.11T |
| Stockholders Equity | 10.86T | 9.00T | 8.43T | 7.93T | 7.16T | 7.79T |
Cash Flow | ||||||
| Free Cash Flow | 0 | 518.54B | 141.57B | -205.45B | -364.83B | -98.88B |
| Operating Cash Flow | 0 | 1.75T | 1.54T | 1.32T | 1.05T | 902.57B |
| Investing Cash Flow | 0 | -1.24T | -1.54T | -1.04T | -1.02T | -1.16T |
| Financing Cash Flow | 0 | -115.68B | 91.33B | 6.97B | 316.26B | 431.88B |
Reliance Industries Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELIANCE, the sentiment is Negative. The current price of 1163.55 is below the 20-day moving average (MA) of 1186.48, below the 50-day MA of 1236.13, and below the 200-day MA of 1326.39, indicating a bearish trend. The MACD of -15.71 indicates Negative momentum. The RSI at 40.62 is Neutral, neither overbought nor oversold. The STOCH value of 10.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RELIANCE.
Reliance Industries Limited Peers Comparison
Overall Rating
IN:PETRONET73Outperform
IN:BPCL71Outperform
IN:IOC70Outperform
IN:MRPL69Neutral
IN:HINDPETRO68Neutral- IN:RELIANCE62Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:PETRONET | 73Outperform | INR 432.98B | 10.32 | ― | 3.47% | -24.82% | 13.45% |
| IN:BPCL | 71Outperform | INR 1.23T | 7.70 | ― | 7.91% | 21.77% | -25.56% |
| IN:IOC | 70Outperform | INR 1.84T | 5.33 | ― | 6.35% | 22.83% | 89.95% |
| IN:MRPL | 69Neutral | INR 303.29B | 6.87 | ― | 4.05% | 38.12% | 325.84% |
| IN:HINDPETRO | 68Neutral | INR 722.40B | 50.45 | ― | 7.13% | 16.94% | -89.68% |
| IN:RELIANCE | 62Neutral | INR 15.75T | 21.09 | ― | 0.52% | 19.95% | -1.20% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:RELIANCE | Reliance Industries Limited | 1163.55 | -313.97 | -21.25% | |
| IN:BPCL | Bharat Petroleum Corporation Limited | 284.30 | -65.68 | -18.77% | |
| IN:HINDPETRO | Hindustan Petroleum Corporation Limited | 339.50 | -115.95 | -25.46% | |
| IN:IOC | Indian Oil Corp. Ltd. | 130.00 | -29.27 | -18.38% | |
| IN:MRPL | Mangalore Refinery & Petrochemicals Ltd. | 173.05 | 10.83 | 6.68% | |
| IN:PETRONET | Petronet Lng Limited | 288.65 | 13.92 | 5.07% |
Reliance Industries Limited Corporate Events
Jio Platforms Sets IPO Price at ₹1,119 as Reliance Advances Digital Listing
Reliance Industries has announced that its subsidiary Jio Platforms Limited has completed the book-building for its initial public offering of up to 270 million new equity shares. The subscription window ran from October 21 to 23, 2026, marking a key...
Reliance Showcases Jamnagar Complex to Top U.S. Officials, Eyes Energy and Tech Partnerships
Reliance Industries Limited hosted U.S. Secretary of State Marco Rubio and U.S. Ambassador to India Sergio Gor at its Jamnagar complex, showcasing the scale, advanced technology and integrated operations of the world’s largest refinery. The vis...
Reliance Flags Shareholder Reservation in Proposed Jio Platforms IPO
Reliance Industries Limited has notified domestic and international stock exchanges that newspaper advertisements have been published regarding the proposed initial public offering of Jio Platforms Limited. The advertisements highlight a reservation...
Reliance Opens Special Window for Demat of Physical Shares
Reliance Industries Limited has notified stock exchanges that it has published newspaper advertisements announcing a special window for the transfer and dematerialisation of physical share certificates. The communication, issued to BSE, NSE and overs...
Reliance Industries to Appeal Customs Fine and Penalty Order
Reliance Industries Limited has disclosed that it received an order from the Joint Commissioner of Customs (Import), Mumbai, imposing a redemption fine and penalty totaling Rs 18,74,978 under the Customs Act, 1962. The order alleges that Reliance pai...
Reliance Industries Secures Top-Tier AAA Ratings From CARE and CRISIL
Reliance Industries Limited, India’s largest private-sector conglomerate, operates across the oil-to-chemicals value chain, telecom and organised retail, and is expanding into technology-intensive new energy. The group holds leading market posi...
Reliance Executives to Hold One-on-One Meetings at BofA Asia Pacific Conference 2026
Reliance Industries has announced that its executives will participate in the BofA Asia Pacific Conference 2026 in Hong Kong on September 24, engaging institutional investors primarily through one-on-one meetings. The company has clarified that no un...
Reliance Streamlines Global Structure With Radisys Subsidiary Merger
Reliance Industries has announced that Radisys Cayman Limited, a step-down subsidiary incorporated in the Cayman Islands, has been merged into its holding company Radisys International LLC, which is registered in Delaware, effective July 31, 2026. Th...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 04, 2026