Is Reliance Industries (RELIANCE) overvalued or fairly valued?

MarketChacha shows Reliance Industries's valuation in context — a forward P/E of about 17.8, a price-to-book of about 1.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Reliance Industries's revenue?

Reliance Industries reported revenue of ₹5,24,105 Cr for FY2026, with net profit of ₹43,851 Cr, per official filings.

What is the share price of Reliance Industries (RELIANCE)?

Reliance Industries last traded at ₹1,275.90 (-0.3% on the day), as of 7/29/2026 — a delayed quote shown for education, not investment advice.

Reliance Industries

RELIANCE · NSE · Energy/Conglomerate · India

Snapshot

TickerRELIANCE

ExchangeNSE

SectorEnergy/Conglomerate

IndustryOil & Gas Refining & Marketing

CountryIndia

Employees4,04,501

HeadquartersMumbai, India

Websitewww.ril.com

Filings tracked19

About Reliance Industries

Reliance Industries Limited engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable, financial services, retail, and digital services worldwide. It operates through the Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company is involved in refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulfur, and petroleum coke. It also provides polymers comprising high-density and low-density polyethylene (PE), linear low-density PE, homopolymer, random and impact copolymer, and polyvinyl chloride; fiber intermediates that include purified terephthalic acid, and ethylene glycols and oxide; aromatics, such as paraxylene, ortho xylene, benzene, and linear alkyl benzene and paraffin; and textiles that consist of fabrics, apparel, and auto furnishings. In addition, the company offers elastomers, such as polybutadiene rubber, styrene butadiene rubber, and butyl rubber; fiber and yarn polyesters; and bioenergy solutions, including compressed biogas, and pellets and briquettes. Further, it engages in oil and gas exploration and production activities; operation of various stores comprising supermarkets, hypermarket, wholesale cash and carry, specialty, and online stores; operation of media and entertainment platforms, and Network18 and television channels; and publishing of magazines. Additionally, the company provides highway hospitality and fleet management services, as well as digital services, such as connectivity, fiber, mobile devices, apps, business, and other digital solutions. Reliance Industries Limited was founded in 1957 and is based in Mumbai, India.

Who owns it

Promoters51.8%
Institutions28.2%
Public & other20.0%

392 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend8.3% → 8.4%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev -0% · PAT -0%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (BSE (official results filing)). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹3,04,101 Cr · EPS 17.66

Est. earnings growth +28.1%

Next fiscal year

Rev ₹12,29,765 Cr · EPS 71.52

Est. earnings growth +11.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: BSE (official results filing)

Annual

Quarterly · last 5

Revenue (FY2026)

₹5,24,105 Cr

Net margin

8.4%

Revenue CAGR (3y)

-0.4%

Profit CAGR (3y)

-0.3%

EPS (FY2026)

32.40

Net profit (FY2026)

₹43,851 Cr

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Posts about RELIANCE

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin
FY2026	₹5,24,105 Cr	₹43,851 Cr	32.40	8.4%
FY2025	₹5,17,349 Cr	₹35,262 Cr	—	6.8%
FY2024	₹5,34,534 Cr	₹42,042 Cr	—	7.9%
FY2023	₹5,29,773 Cr	₹44,205 Cr	—	8.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	₹1,66,013 Cr	₹13,272 Cr	9.81	8.0%
2026Q1	₹1,46,385 Cr	₹7,422 Cr	5.48	5.1%
2025Q4	₹2,64,905 Cr	₹18,645 Cr	—	7.0%
2025Q3	₹2,54,623 Cr	₹9,129 Cr	—	3.6%
2025Q2	₹1,16,341 Cr	₹17,904 Cr	—	15.4%

Figures as reported, in ₹ (crore). Source: BSE (official results filing).

Filings & announcements

2026

Presentation On The Resolutions Proposed For Shareholders' Approval Vide Postal Ballot Notice Dated July 17, 2026
Presentation on the resolutions proposed for shareholder''s approval vide Postal Ballot Notice dated July 17, 2026 is attached.
BSE7/25/2026
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
The Postal Ballot Notice dated July 17, 2026, along with the explanatory statement, seeking approval of the members of the Company, by way of remote e-voting process, is attached.
BSE7/21/2026
Investor Presentation
Please find attached presentation on the unaudited financial results (Consolidated and Standalone) for the quarter ended June 30, 2026.
BSE7/17/2026
Press Release / Media Release
In continuation of our letter of today''s date on the Consolidated and Standalone unaudited financial results for the quarter ended June 30, 2026, we attach a copy of media release being ....
BSE7/17/2026
Consolidated And Standalone Unaudited Financial Results For The Quarter Ended June 30, 2026.
Please find attached Consolidated and Standalone unaudited financial results for the quarter ended June 30, 2026.
BSE7/17/2026
Board Meeting Outcome for Board Meeting Outcome For Consolidated And Standalone Unaudited Financial Results For The Quarter Ended June 30, 2026
Please find attached Consolidated and Standalone unaudited financial results for the quarter ended June 30, 2026.
BSE7/17/2026
Board Meeting Intimation for For Considering And Approving The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2026.
Reliance Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/07/2026 ,inter alia, to consider and approve the standalone and consolidated ....
BSE7/10/2026material
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Dissolution Of REC US Holdings, Inc.
Please find attached disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Dissolution of REC ....
BSE7/8/2026
Credit Rating
Re-affirmation of rating with respect to the Non-convertible Debentures and Commercial Paper of the Company
BSE7/3/2026material
Disclosure Of Voting Results - Forty-Ninth Annual General Meeting (Post - IPO) Of The Company.
The voting results along with the consolidated Scrutiniser''s report in respect of the Forty-ninth Annual General Meeting (Post-IPO) of the Company held on Friday, June 19, 2026, are attached.
BSE6/20/2026material
Shareholder Meeting / Postal Ballot-Outcome of AGM
Gist of the proceedings of the Forty-ninth Annual General Meeting (Post-IPO) of the Company held today, i.e. Friday, June 19, 2026 is attached.
BSE6/19/2026material
Proposed Initial Public Offer Of Jio Platforms Limited
Proposed Initial Public Offer of Jio Platforms Limited
BSE6/19/2026
Chairman''s Statement Delivered At The Forty-Ninth Annual General Meeting (Post-IPO) Of The Company
Chairman''s Statement delivered at the Forty-ninth Annual General Meeting (Post-IPO) of the Company
BSE6/19/2026material
Chairman''s Statement Delivered At The Forty-Ninth Annual General Meeting (Post-IPO) Of The Company
Chairman''s Statement delivered at the Forty-ninth Annual General Meeting (Post-IPO) of the Company
BSE6/19/2026material
Proposed Initial Public Offer Of Jio Platforms Limited
Proposed Initial Public Offer of Jio Platforms Limited
BSE6/19/2026
Media Release
Please find attached a media release by Jio Platforms Limited, a subsidiary of the Company, titled "Jio Platforms Surges into Global Top 20 in latest WIPO Patents Ranking".
BSE6/14/2026
Earnings Call Transcript
Transcript of the discussion on the Audited Financials Results (Consolidated and Standalone) of the Company for the quarter and year ended March 31, 2026, at the analyst meet held on April ....
BSE4/26/2026
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find attached disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015
BSE4/22/2026
Statement
Statement
BSE3/26/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.