Reliance Infrastructure Limited (RELINFRA) AI Stock Analysis

Reliance Infrastructure Limited

(NSE:RELINFRA)

Select Model

Rating:49.9Neutral

Price Target:INR 47.00▼(-0.49% Downside)

Action:reiterated

Date:09/06/26

The overall score reflects a cautious stance driven primarily by mixed financial performance, where improved leverage and capitalization are offset by unstable profitability and weak cash conversion, combined with a technically weak, high-volatility downtrend that only partially benefits from oversold momentum signals, while the very low valuation multiple offers potential upside but is tempered by the company’s uneven earnings history.

Positive Factors

Improved Balance SheetMaterial deleveraging reduces financial risk and increases flexibility for Reliance Infrastructure. Lower debt relative to equity can reduce financing pressure, improve resilience through project cycles, and provide greater capacity to fund operations or pursue infrastructure opportunities.

Negative Factors

Revenue ContractionA return to negative revenue growth indicates weaker project execution or reduced business activity after stronger growth in FY2022–FY2025. Persistent contraction would limit operating leverage, reduce the pipeline of earnings opportunities, and make recent profit recovery harder to sustain.

Reliance Infrastructure Limited (RELINFRA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 19.62B
Dividend Yield: ―
Average Volume (3M): 135.10K
Price to Earnings (P/E): 0.6
Beta (1Y): 1.88
Revenue Growth: -6.41%
EPS Growth: -40.45%
Country: India
Employees: 4,604
Sector: General
Sector Strength: 55
Industry: Regulated Electric

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, industr...

Reliance Infrastructure Limited Financial Statement Overview

Summary

Overall financial quality is mid-tier: the balance sheet has improved with lower leverage and a stronger equity base, but revenues are flat to declining, margins and profitability are highly volatile, and cash flows are modest, unstable, and increasingly misaligned with reported earnings.

Income Statement

38Negative

Balance Sheet

62Positive

Cash Flow

34Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price47.23

Price Trends

50DMA53.12Negative

100DMA62.00Negative

200DMA78.09Negative

Market Momentum

MACD-1.73Positive

RSI37.58Neutral

STOCH21.01Neutral

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 47.23 is below the 20-day moving average (MA) of 51.82, below the 50-day MA of 53.12, and below the 200-day MA of 78.09, indicating a bearish trend. The MACD of -1.73 indicates Positive momentum. The RSI at 37.58 is Neutral, neither overbought nor oversold. The STOCH value of 21.01 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RELINFRA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GENUSPOWER	64Neutral	INR 83.23B	11.18	―	0.18%	74.17%	64.78%
IN:POWERGRID	61Neutral	INR 2.46T	15.66	―	3.42%	2.58%	6.54%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TORNTPOWER	53Neutral	INR 591.00B	26.87	―	1.63%	4.09%	-16.62%
IN:RELINFRA	50Neutral	INR 19.01B	0.60	―	―	-6.41%	-40.45%
IN:CESC	49Neutral	INR 165.17B	10.89	―	9.50%	8.73%	12.55%
IN:TATAPOWER	46Neutral	INR 1.10T	29.41	―	0.70%	-4.19%	-4.84%

* General Sector Average

Performance Comparison

IN:RELINFRA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RELINFRA	Reliance Infrastructure Limited	47.16	-146.54	-75.65%
IN:CESC	CESC Ltd	126.40	-49.34	-28.08%
IN:GENUSPOWER	Genus Power Infrastructures Limited	272.50	-73.20	-21.17%
IN:POWERGRID	Power Grid Corporation of India Limited	265.95	-4.13	-1.53%
IN:TATAPOWER	Tata Power Company Limited	355.50	-42.78	-10.74%
IN:TORNTPOWER	Torrent Power Limited	1227.90	-58.37	-4.54%

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 Tradi...

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 sold...

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 Money...

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 Limite...

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.

Date of analysis: Sep 06, 2026

Reliance Infrastructure Limited AI Stock Analysis