Want to see IN:RELINFRA full AI Analyst Report?
Top Page
Reliance Infrastructure Limited
(RELINFRA)
Select Model
Select Model
Rating:54Neutral
Price Target:
₹48.00
▼(-70.87% 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
Lower Leverage
Material deleveraging and a larger equity base reduce balance-sheet risk and improve financial flexibility. Lower leverage can support investment, help absorb operating volatility, and reduce the constraints that previously accompanied the company’s elevated debt levels.
Negative Factors
Revenue Decline
The shift from several years of stronger growth to negative FY2026 revenue indicates that business momentum is not yet consistent. Persistent top-line volatility can make project planning, operating leverage, and the sustainability of future earnings more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
Material deleveraging and a larger equity base reduce balance-sheet risk and improve financial flexibility. Lower leverage can support investment, help absorb operating volatility, and reduce the constraints that previously accompanied the company’s elevated debt levels.
Read all positive factors
Reliance Infrastructure Limited (RELINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.01B
Dividend Yield2.16%
Average Volume (3M)43.12K
Price to Earnings (P/E)0.6
Beta (1Y)1.88
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. Volume22,830
30 Day Avg. Volume43,115
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 | 54.90B | 38.44B | 31.47B | 33.11B |
| 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
53.43
Negative
62.39
Negative
78.64
Negative
Market Momentum
-1.67
Positive
35.27
Neutral
12.34
Positive
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 51.78, above the 50-day MA of 53.43, and above the 200-day MA of 78.64, indicating a bearish trend. The MACD of -1.67 indicates Positive momentum. The RSI at 35.27 is Neutral, neither overbought nor oversold. The STOCH value of 12.34 is Positive, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹2.46T | 15.51 | ― | 3.44% | 2.29% | 3.03% | |
59 Neutral | ₹83.23B | 11.24 | ― | 0.18% | 74.17% | 64.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹19.01B | 0.59 | ― | 2.16% | -6.41% | -40.45% | |
53 Neutral | ₹165.17B | 10.65 | ― | 9.64% | 8.73% | 12.55% | |
53 Neutral | ₹591.00B | 25.44 | ― | 1.70% | 4.09% | -16.62% | |
52 Neutral | ₹1.10T | 28.52 | ― | 0.72% | -4.19% | -4.84% |
* General Sector Average
IN:RELINFRA
Reliance Infrastructure Limited
46.58
-167.97
-78.29%
IN:CESC
CESC Ltd
124.60
-48.73
-28.11%
IN:GENUSPOWER
Genus Power Infrastructures Limited
273.55
-60.69
-18.16%
IN:POWERGRID
Power Grid Corporation of India Limited
264.50
-14.44
-5.18%
IN:TATAPOWER
Tata Power Company Limited
345.10
-57.45
-14.27%
IN:TORNTPOWER
Torrent Power Limited
1,172.85
-124.77
-9.62%
Reliance Infrastructure Limited Corporate Events
Reliance Infrastructure Closes Trading Window Ahead of September 2026 Results
Sep 25, 2026
Reliance Infrastructure Limited has announced the closure of its trading window for designated persons from October 1, 2026, in line with its internal Code of Conduct and the Securities and Exchange Board of India’s Prohibition of Insider Tr...
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...
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.