Large Indian private sector company with businesses in energy, petrochemicals, textiles, retail, and telecommunications.
Profile & Fundamentals
Reliance Industries: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Reliance Industries Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
Reliance Industries Limited
Common Stock · Energy · Oil & Gas Refining & Marketing
Company
- Company / asset
- Reliance Industries Limited
- Security type
- Common Stock
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- HQ
- 🇮🇳 India
- Head office
- Maker Chambers IV, Mumbai, India, 400021
Leadership & scale
- Full-time employees
- 404.5K
- Fiscal year end
- March
Fundamentals snapshot
- Market Cap
- INR 16.48T
- P/E
- 22.1x
- Revenue (Q2 26)
- INR 3.09T
- Profit (Q2 26)
- INR 209.5B
- Dividend Yield
- 0.4%
- Revenue (FY 26)
- INR 10.57T
- Shares in public float
- 6.6B
- Insider ownership
- 51.8%
Reporting & identifiers
- Symbol
- RELIANCE.NSE
- Listing
- 🇮🇳 India | Dividend Tax: 20%
- Ticker Currency
- INR
- Income Statement Currency
- INR
- Balance Sheet Currency
- INR
- Cash Flow Currency
- INR
- EPS Currency
- INR
- Contract Type
- SPOT
- ISIN
- INE002A01018
- Asset ID
- equity_e0bdec68-aad4-5c66-9fcb-b4d41ec73ce9
Ownership
Shares Outstanding
Latest: 13.5B | Max: 13.5B | Min: 11.9B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
49.05%
6.6B latest reported shares
Insider Ownership
51.80%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 11,923,877,300 |
| 2018-01-01 | 11,963,201,400 |
| 2019-01-01 | 12,763,157,900 |
| 2020-01-01 | 13,147,014,600 |
| 2021-01-01 | 13,363,832,900 |
| 2022-01-01 | 13,532,000,000 |
| 2023-01-01 | 13,532,000,000 |
| 2024-01-01 | 13,532,847,000 |
| 2025-01-01 | 13,532,373,000 |
| 2026-01-01 | 13,533,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Reliance's financial results show a business successfully transitioning from building infrastructure to harvesting profits. In fiscal 2026, total revenue reached 10.57 trillion rupees, growing nearly 10%, while net income expanded 16% to 808 billion rupees. This steady progress reflects strong mobile data consumption and grocery retail growth, which offset weaker performance in commodity chemical manufacturing. The true financial story lies in cash generation rather than headline accounting profit. Free cash flow surged to positive 519 billion rupees in fiscal 2026 after years of negative cash flows caused by 5G network builds. Recent quarterly fluctuations reflect temporary shifts in non-operating income, but underlying operating cash flow remains structurally robust.
Reliance's financial results show a business successfully transitioning from building infrastructure to harvesting profits. In fiscal 2026, total revenue reached 10.57 trillion rupees, growing nearly 10%, while net income expanded 16% to 808 billion rupees. This steady progress reflects strong mobile data consumption and grocery retail growth, which offset weaker performance in commodity chemical manufacturing. The true financial story lies in cash generation rather than headline accounting profit. Free cash flow surged to positive 519 billion rupees in fiscal 2026 after years of negative cash flows caused by 5G network builds. Recent quarterly fluctuations reflect temporary shifts in non-operating income, but underlying operating cash flow remains structurally robust.
Revenue, Net Income, and Free Cash Flow
Latest: INR 10.57T | Max: INR 10.57T | Min: INR -796.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 23x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Consolidated profitability showcases the power of business diversification. Operating margins held stable at 11.47% in fiscal 2026, even though gross margins softened due to a global glut in basic plastics and petrochemicals. High-margin digital services and disciplined mobile price hikes effectively protected total group earnings. This trend reveals a permanent shift in profit quality. High-margin telecom subscriptions and organized retail private brands now generate more than half of operating earnings, reducing reliance on volatile refining spreads. As customer digital usage deepens, consolidated profit margins are developing an enduring structural floor.
Consolidated profitability showcases the power of business diversification. Operating margins held stable at 11.47% in fiscal 2026, even though gross margins softened due to a global glut in basic plastics and petrochemicals. High-margin digital services and disciplined mobile price hikes effectively protected total group earnings. This trend reveals a permanent shift in profit quality. High-margin telecom subscriptions and organized retail private brands now generate more than half of operating earnings, reducing reliance on volatile refining spreads. As customer digital usage deepens, consolidated profit margins are developing an enduring structural floor.
Profitability Margins
Latest: 26.5% | Max: 29.4% | Min: 6.6%
Latest Profitability Ratios as of 2026-03-31
Gross Margin
26.5%
Gross profit / revenue
Operating Margin
11.5%
Operating income / revenue
Net Margin
7.6%
Net income / revenue
FCF Margin
4.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-03-31 | 47,083,256,244.22 | 4,610,083,256.24 | -6,170,829,478.88 |
| 2018-03-31 | 60,156,197,204.73 | 5,540,623,560.13 | -2,738,749,808.02 |
| 2019-03-31 | 82,267,524,208.7 | 5,721,636,074.58 | -10,571,614,395.14 |
| 2020-03-31 | 79,311,786,567.56 | 5,223,520,042.47 | 2,861,295,460.58 |
| 2021-03-31 | 63,831,032,125.77 | 6,716,062,884.48 | -10,888,858,509.91 |
| 2022-03-31 | 91,658,501,251.15 | 7,994,863,690.24 | 1,384,037,929.67 |
| 2023-03-31 | 106,805,572,454.07 | 8,115,585,837.69 | -3,158,048,424.38 |
| 2024-03-31 | 108,093,090,211.13 | 8,351,847,408.83 | -2,464,611,324.38 |
| 2025-03-31 | 112,882,401,123.33 | 8,149,777,673.77 | 1,656,564,474.61 |
| 2026-03-31 | 113,095,742,404.79 | 8,640,885,750.96 | 5,547,068,891.74 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2026-03-31 | 22.52 | Trailing four quarters |
| 2025-03-31 | 24.75 | Trailing four quarters |
| 2024-03-31 | 57.74 | Trailing four quarters |
| 2023-03-31 | 42.93 | Annual net income |
| 2022-03-31 | 53.35 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-03-31 | 19.99 | 11.35 | 9.79 | -13.11 |
| 2018-03-31 | 21.46 | 12.16 | 9.21 | -4.55 |
| 2019-03-31 | 22.06 | 11.12 | 6.95 | -12.85 |
| 2020-03-31 | 24.45 | 11.21 | 6.59 | 3.61 |
| 2021-03-31 | 27.38 | 11.6 | 10.52 | -17.06 |
| 2022-03-31 | 23.61 | 11.32 | 8.72 | 1.51 |
| 2023-03-31 | 23.46 | 11.62 | 7.6 | -2.96 |
| 2024-03-31 | 29.4 | 12.36 | 7.73 | -2.28 |
| 2025-03-31 | 29.22 | 11.64 | 7.22 | 1.47 |
| 2026-03-31 | 26.54 | 11.47 | 7.64 | 4.9 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-08.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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