Reliance Industrial Infrastructure Limited (RIIL) AI Stock Analysis

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Reliance Industrial Infrastructure Limited

(NSE:RIIL)

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Rating:52.4Neutral

Price Target:INR 702.00▲(5.03% Upside)

Action:reiterated

Date:09/17/26

The overall score is driven mainly by a strong, debt-free balance sheet and growing equity base, offset by declining revenues, persistent operating losses, and inconsistent, recently negative cash flows; these fundamental concerns are reinforced by a weak, volatile technical trend and an expensive valuation marked by a high P/E and low dividend yield.

Positive Factors

Debt-free balance sheetA debt-free, equity-heavy balance sheet materially limits refinancing pressure and interest obligations. This provides resilience through operating weakness and preserves flexibility to maintain infrastructure assets or pursue opportunities without relying heavily on external borrowing.

Negative Factors

Declining revenueA multi-year revenue contraction signals weakening top-line momentum rather than a merely temporary fluctuation. Persistently lower revenue can reduce asset utilization, limit operating leverage, and make it harder for the company to improve profitability without renewed demand or stronger contracts.

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

Market Cap: INR 10.13B
Dividend Yield: 0.52%
Average Volume (3M): 6,361
Price to Earnings (P/E): 85.4
Beta (1Y): 1.81
Revenue Growth: -23.65%
EPS Growth: -1.90%
Country: India
Employees: 53
Sector: General
Sector Strength: 55
Industry: Oil & Gas Midstream

Reliance Industrial Infrastructure Limited Business Overview & Revenue Model

Company Description

Reliance Industrial Infrastructure Limited engages in the infrastructure and support services activities in India. The company is involved in setting up and operating industrial infrastructure; transportation of petroleum products, natural gas, and r...

How the Company Makes Money

RIIL primarily makes money by monetizing infrastructure assets through leasing/licensing arrangements and related service charges where applicable. Key revenue streams typically include: (1) Lease or license income earned from allowing customers to u...

Reliance Industrial Infrastructure Limited Financial Statement Overview

Summary

Debt-free balance sheet and steadily growing equity provide strong financial stability, but revenue has declined, operations show EBIT losses, and operating cash flow is volatile and recently negative, keeping overall performance only moderate.

Income Statement

45Neutral

Balance Sheet

92Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	377.80M	454.20M	494.90M	580.86M	680.48M	651.88M
Gross Profit	132.50M	221.90M	448.60M	190.41M	272.35M	254.67M
EBITDA	-94.70M	-74.10M	-119.00M	-59.03M	-368.25M	42.68M
Net Income	118.70M	123.90M	119.70M	133.18M	175.69M	83.52M
Balance Sheet
Total Assets	5.08B	5.30B	5.37B	5.34B	4.76B	4.70B
Cash, Cash Equivalents and Short-Term Investments	303.90M	3.21B	2.20B	2.12B	1.96B	1.16B
Total Debt	0	0	0	0	0	0
Total Liabilities	446.10M	558.90M	754.00M	622.96M	453.24M	354.92M
Stockholders Equity	4.63B	4.74B	4.62B	4.71B	4.31B	4.35B
Cash Flow
Free Cash Flow	0	-356.90M	-20.30M	20.27M	228.17M	58.06M
Operating Cash Flow	0	-356.90M	-30.30M	20.27M	228.17M	58.06M
Investing Cash Flow	0	405.50M	87.00M	32.50M	-186.12M	-8.24M
Financing Cash Flow	0	-53.20M	-53.40M	-53.69M	-46.17M	-46.05M

Reliance Industrial Infrastructure Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price668.40

Price Trends

50DMA711.95Negative

100DMA747.88Negative

200DMA739.51Negative

Market Momentum

MACD-9.62Positive

RSI41.14Neutral

STOCH15.70Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RIIL, the sentiment is Negative. The current price of 668.40 is below the 20-day moving average (MA) of 690.14, below the 50-day MA of 711.95, and below the 200-day MA of 739.51, indicating a bearish trend. The MACD of -9.62 indicates Positive momentum. The RSI at 41.14 is Neutral, neither overbought nor oversold. The STOCH value of 15.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RIIL.

Reliance Industrial Infrastructure Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RIIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPIL	78Outperform	INR 228.07B	20.10	―	0.82%	14.56%	58.06%
IN:JKIL	65Neutral	INR 30.64B	8.05	―	0.98%	-2.47%	-6.60%
IN:TECHNOE	58Neutral	INR 96.55B	22.38	―	0.84%	38.72%	-6.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RIIL	52Neutral	INR 10.09B	85.43	―	0.52%	-23.65%	-1.90%
IN:HCC	47Neutral	INR 44.98B	22.26	―	―	-20.64%	-12.46%
IN:KEC	46Neutral	INR 87.75B	15.85	―	1.67%	5.14%	-9.35%

* General Sector Average

Performance Comparison

IN:RIIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RIIL	Reliance Industrial Infrastructure Limited	668.40	-224.13	-25.11%
IN:HCC	Hindustan Construction Co. Ltd.	17.17	-11.36	-39.82%
IN:JKIL	J. Kumar Infraprojects Limited	404.90	-245.39	-37.74%
IN:KEC	KEC International Ltd.	329.65	-472.86	-58.92%
IN:KPIL	Kalpataru Projects International Limited	1335.50	71.39	5.65%
IN:TECHNOE	Techno Electric & Engineering Company Limited	830.15	-500.52	-37.61%

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 17, 2026

Reliance Industrial Infrastructure Limited AI Stock Analysis

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