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RELIANCE.NSE
Reliance Industries
Energy · Oil & Gas Refining & Marketing

Large Indian private sector company with businesses in energy, petrochemicals, textiles, retail, and telecommunications.

HQ: IndiaListed: India

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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Profile & Fundamentals contents

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.

RELIANCE.NSE

Company profile record

Reliance Industries Limited

Common Stock · Energy · Oil & Gas Refining & Marketing

Official website

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

Updated 2026-09-07
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

Shares Outstanding
17.1B12.8B8.5B4.3B0.00
13.5B
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float 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.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-0111,923,877,300
2018-01-0111,963,201,400
2019-01-0112,763,157,900
2020-01-0113,147,014,600
2021-01-0113,363,832,900
2022-01-0113,532,000,000
2023-01-0113,532,000,000
2024-01-0113,532,847,000
2025-01-0113,532,373,000
2026-01-0113,533,000,000

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.

Revenue, Net Income, and Free Cash Flow

Latest: INR 10.57T | Max: INR 10.57T | Min: INR -796.5B

RevenueFree Cash FlowNet Income
INR 13.53TINR 9.61TINR 5.68TINR 1.76TINR 0.00INR -2.16T
10.57T
518.5B
807.8B
'17
'19
'21
'23
'25
'26

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 23x

64x48x32x16x0x
53x
58x
23x
'22'24'26

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.

Profitability Margins

Latest: 26.5% | Max: 29.4% | Min: 6.6%

Gross MarginOperating MarginNet Margin
37.0%27.8%18.5%9.3%0.0%
26.5%
11.5%
7.6%
'17
'19
'21
'23
'25
'26

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.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2017-03-3147,083,256,244.224,610,083,256.24-6,170,829,478.88
2018-03-3160,156,197,204.735,540,623,560.13-2,738,749,808.02
2019-03-3182,267,524,208.75,721,636,074.58-10,571,614,395.14
2020-03-3179,311,786,567.565,223,520,042.472,861,295,460.58
2021-03-3163,831,032,125.776,716,062,884.48-10,888,858,509.91
2022-03-3191,658,501,251.157,994,863,690.241,384,037,929.67
2023-03-31106,805,572,454.078,115,585,837.69-3,158,048,424.38
2024-03-31108,093,090,211.138,351,847,408.83-2,464,611,324.38
2025-03-31112,882,401,123.338,149,777,673.771,656,564,474.61
2026-03-31113,095,742,404.798,640,885,750.965,547,068,891.74

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

Scroll the table to see every column.

Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2026-03-3122.52Trailing four quarters
2025-03-3124.75Trailing four quarters
2024-03-3157.74Trailing four quarters
2023-03-3142.93Annual net income
2022-03-3153.35Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2017-03-3119.9911.359.79-13.11
2018-03-3121.4612.169.21-4.55
2019-03-3122.0611.126.95-12.85
2020-03-3124.4511.216.593.61
2021-03-3127.3811.610.52-17.06
2022-03-3123.6111.328.721.51
2023-03-3123.4611.627.6-2.96
2024-03-3129.412.367.73-2.28
2025-03-3129.2211.647.221.47
2026-03-3126.5411.477.644.9

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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