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Reliance Infrastructure Limited
(RELINFRA)
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Rating:54Neutral
Price Target:
₹58.00
▼(-64.81% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak technicals (price below all key moving averages with negative MACD) and mixed fundamentals driven by FY2026 margin pressure and sharply weaker free cash flow. These are partially offset by improved leverage (balance-sheet repair) and a very low P/E that suggests inexpensive valuation.
Positive Factors
Material deleveraging
Sustained deleveraging reduces financial risk, interest burden and refinancing pressure. The lower debt-to-equity ratio, together with higher equity, should improve resilience and provide greater flexibility to fund infrastructure opportunities.
Negative Factors
Revenue volatility and FY2026 decline
The reversal from several years of growth to contraction highlights uneven project execution, business mix or demand conditions. Persistent revenue volatility would make earnings less predictable and could constrain the company’s ability to compound operating cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging
Sustained deleveraging reduces financial risk, interest burden and refinancing pressure. The lower debt-to-equity ratio, together with higher equity, should improve resilience and provide greater flexibility to fund infrastructure opportunities.
Read all positive factors
Reliance Infrastructure Limited (RELINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.32B
Dividend Yield2.16%
Average Volume (3M)167.30K
Price to Earnings (P/E)0.7
Beta (1Y)2.18
Revenue Growth-6.41%
EPS Growth-40.45%
CountryIN
Employees4,604
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)79.22
Shares Outstanding408,631,200
10 Day Avg. Volume40,032
30 Day Avg. Volume167,299
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.16
Price to Sales (P/S)0.14
P/FCF Ratio3.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Reliance Infrastructure Limited Business Overview & Revenue Model
Company Description
Reliance Infrastructure Limited (RInfra), an Indian enterprise founded in Mumbai in 1929, is a multifaceted infrastructure company with a primary focus on producing, transmitting, and supplying electrical power to a wide range of residential, indu...
How the Company Makes Money
RELINFRA primarily makes money through a mix of (1) regulated utility revenue and (2) project/contract revenue tied to infrastructure execution, along with ancillary income from infrastructure-related assets and investments.
1) Regulated power di...
Reliance Infrastructure Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 208.77B | 204.41B | 235.92B | 220.67B | 207.42B | 184.11B |
| Gross Profit | 21.81B | 32.47B | 81.33B | 62.65B | 56.39B | 58.37B |
| EBITDA | 36.46B | 10.04B | 54.67B | 38.33B | 31.27B | 32.92B |
| Net Income | 32.12B | 29.00B | 49.38B | -16.09B | -32.21B | -9.99B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 711.60B | 658.41B | 591.81B | 609.93B | 625.33B |
| Cash, Cash Equivalents and Short-Term Investments | 24.34B | 23.52B | 28.81B | 32.52B | 19.02B | 12.36B |
| Total Debt | 0.00 | 49.37B | 63.61B | 98.95B | 115.10B | 127.18B |
| Total Liabilities | -290.88B | 420.72B | 420.28B | 453.23B | 470.40B | 461.98B |
| Stockholders Equity | 290.88B | 178.73B | 144.30B | 87.47B | 92.94B | 124.07B |
Cash Flow | ||||||
| Free Cash Flow | 12.55B | 8.57B | 23.35B | 30.70B | 21.15B | 29.89B |
| Operating Cash Flow | 12.55B | 25.50B | 36.57B | 40.97B | 34.58B | 37.99B |
| Investing Cash Flow | -4.40B | -15.32B | -17.31B | -4.48B | -13.33B | -5.02B |
| Financing Cash Flow | -7.69B | -17.75B | -12.52B | -36.48B | -22.42B | -29.42B |
Reliance Infrastructure Limited Technical Analysis
Negative
164.80
Price Trends
65.40
Negative
71.02
Negative
98.46
Negative
Market Momentum
-2.68
Positive
36.05
Neutral
22.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELINFRA, the sentiment is Negative. The current price of 164.8 is above the 20-day moving average (MA) of 62.37, above the 50-day MA of 65.40, and above the 200-day MA of 98.46, indicating a bearish trend. The MACD of -2.68 indicates Positive momentum. The RSI at 36.05 is Neutral, neither overbought nor oversold. The STOCH value of 22.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RELINFRA.
Reliance Infrastructure Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹102.58B | 13.94 | ― | 0.15% | 74.17% | 64.78% | |
65 Neutral | ₹194.26B | 12.48 | ― | 8.25% | 8.73% | 12.55% | |
63 Neutral | ₹653.13B | 28.24 | ― | 1.57% | 4.09% | -16.62% | |
61 Neutral | ₹2.47T | 15.56 | ― | 3.41% | 2.29% | 3.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹23.32B | 0.72 | ― | 2.16% | -6.41% | -40.45% | |
52 Neutral | ₹1.18T | 30.41 | ― | 0.68% | -4.19% | -4.84% |
* General Sector Average
IN:RELINFRA
Reliance Infrastructure Limited
58.26
-214.29
-78.62%
IN:CESC
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145.50
1.03
0.71%
IN:GENUSPOWER
Genus Power Infrastructures Limited
336.20
10.91
3.35%
IN:POWERGRID
Power Grid Corporation of India Limited
266.95
-6.81
-2.49%
IN:TATAPOWER
Tata Power Company Limited
365.00
-15.99
-4.20%
IN:TORNTPOWER
Torrent Power Limited
1,275.35
32.42
2.61%
Reliance Infrastructure Limited Corporate Events
Reliance Infrastructure Opens Special Window for Legacy Physical Share Transfers
Aug 22, 2026
Reliance Infrastructure Limited has informed stock exchanges that it has published notices in English and Marathi newspapers announcing a special window for shareholders holding physical shares. The initiative targets investors whose shares were s...
Reliance Infrastructure Faces Pre-Cognizance Notice in Rs 3,000 Crore PMLA Case
Aug 17, 2026
Reliance Infrastructure Limited has disclosed that it has received a pre-cognizance notice from a Special CBI Court in New Delhi, naming the company as one of the proposed accused in an Enforcement Directorate complaint under the Prevention of Mon...
Reliance Infrastructure Subsidiary KM Toll Road Admitted to Insolvency Process
Aug 5, 2026
Reliance Infrastructure Limited is an Indian infrastructure and utilities company with interests spanning power, roads and other engineering, procurement and construction projects. Through wholly owned subsidiaries such as KM Toll Road Private Lim...
Reliance Infrastructure Discloses Resignation of Senior Management Executive
Jul 31, 2026
Reliance Infrastructure Limited has announced a senior management change, disclosing that Shri Ivan Saha has resigned from his role as Senior Management Personnel effective July 31, 2026. The company communicated the change to stock exchanges in l...
Reliance Infrastructure sets virtual AGM and pushes digital compliance for investors
Jul 23, 2026
Reliance Infrastructure Limited has informed shareholders that its 97th Annual General Meeting will be held on August 14, 2026 via video conferencing or other audio-visual means, with no physical venue for members. The company is providing access ...
Reliance Infrastructure Discloses Provisional Attachment of Reliance Power Stake
Jul 11, 2026
Reliance Infrastructure Limited has notified the stock exchanges that the company’s shareholding in Reliance Power Limited has been provisionally attached, and it has filed the requisite disclosure under Regulation 30 of SEBI’s Listing...
Reliance Infrastructure named as accused in CBI chargesheet, vows legal defence
Jul 7, 2026
Reliance Infrastructure Limited is an Indian infrastructure and utilities company with interests spanning power, engineering, construction and related services. Listed on both the BSE and NSE, it serves a broad base of industrial, commercial and r...
Reliance Infrastructure to Close Trading Window Ahead of Q1 FY27 Results
Jun 26, 2026
Reliance Infrastructure Limited has announced that its trading window for designated persons will be closed from July 1, 2026, in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company’s own code of conduct. Th...
Reliance Infrastructure to Appeal Confirmation of Rs.1,575 Crore Shareholding Attachment
Jun 23, 2026
Reliance Infrastructure Limited has disclosed that regulators have confirmed the provisional attachment of its shareholdings in three key subsidiaries—BSES Yamuna Power, BSES Rajdhani Power, and Mumbai Metro One Private Limited—linked ...
Reliance Infrastructure Opens Special Window for Legacy Physical Share Demat
Jun 23, 2026
Reliance Infrastructure Limited has announced that, pursuant to a recent SEBI circular, it is opening a special window until February 4, 2027 to facilitate the transfer and dematerialisation of physical shares that were sold or purchased before Ap...
Reliance Infrastructure Rebrands Subsidiaries to Drive New AI Strategy
Jun 8, 2026
Reliance Infrastructure Limited has initiated a strategic move to participate in the rapidly evolving field of artificial intelligence and allied new-age technologies. Through its subsidiaries, the company is integrating AI and technology-driven a...
Reliance Infrastructure to Appeal Confirmed Rs 77.86 Crore Bank Account Lien
Jun 7, 2026
Reliance Infrastructure Limited has disclosed that a lien has been confirmed on the company’s bank accounts amounting to Rs. 77.86 crore, in compliance with Securities and Exchange Board of India listing regulations. The company has announce...
Reliance Infrastructure Seeks Easing of IBC-Linked Trading Curbs to Protect Retail Investors
Jun 7, 2026
Reliance Infrastructure Limited has asked the Securities and Exchange Board of India and the major stock exchanges to review the Insolvency and Bankruptcy Code-linked surveillance and Additional Surveillance Measure frameworks applied to its share...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.