Reliance Industries Ltd
NSE:RELIANCE

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Reliance Industries Ltd
NSE:RELIANCE
Watchlist
Price: 1 536.9 INR 0.49% Market Closed
Market Cap: 20.8T INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+19%
5Y
+102%
10Y
+219%
Operating Income
+
3Y
+26%
5Y
+137%
10Y
+359%
Net Income
+
3Y
+25%
5Y
+104%
10Y
+208%

Earnings Waterfall
Reliance Industries Ltd

Revenue
10.2T INR
Cost of Revenue
-6.6T INR
Gross Profit
3.6T INR
Operating Expenses
-2.4T INR
Operating Income
1.2T INR
Other Expenses
-383.9B INR
Net Income
831.1B INR

Income Statement
Reliance Industries Ltd

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Income Statement
Currency: INR
Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
15 537
17 557
15 967
0
12 377
10 257
10 147
0
9 060
9 620
10 610
0
0
0
0
25 070
0
0
0
24 860
0
0
0
26 100
0
0
0
31 570
0
0
0
72 460
0
0
0
152 470
0
0
0
198 610
0
0
0
179 070
0
0
0
144 380
0
0
0
189 580
0
0
0
217 720
0
0
0
0
0
0
Revenue
520 253
N/A
535 805
+3%
570 515
+6%
623 195
+9%
665 977
+7%
695 553
+4%
741 083
+7%
745 083
+1%
830 248
+11%
879 493
+6%
957 063
+9%
1 040 103
+9%
1 137 701
+9%
975 030
-14%
2 129 940
+118%
3 310 320
+55%
4 344 600
+31%
4 415 970
+2%
4 359 030
-1%
4 113 930
-6%
3 754 350
-9%
3 533 040
-6%
3 179 970
-10%
2 927 300
-8%
2 932 980
+0%
2 779 880
-5%
2 851 490
+3%
3 010 770
+6%
3 301 800
+10%
3 492 660
+6%
3 627 000
+4%
3 810 110
+5%
4 082 650
+7%
4 507 970
+10%
5 024 440
+11%
5 607 440
+12%
5 830 940
+4%
6 123 780
+5%
6 185 710
+1%
6 145 730
-1%
6 116 450
0%
5 408 300
-12%
5 041 000
-7%
4 712 950
-7%
4 863 260
+3%
5 394 600
+11%
5 973 690
+11%
6 646 430
+11%
7 176 350
+8%
7 963 760
+11%
8 551 350
+7%
8 840 290
+3%
8 913 110
+1%
8 790 290
-1%
8 811 220
+0%
8 889 270
+1%
9 144 720
+3%
9 398 580
+3%
9 403 830
+0%
9 562 780
+2%
9 801 360
+2%
9 925 790
+1%
10 159 960
+2%
Gross Profit
Cost of Revenue
(421 675)
(37 147)
(64 197)
(109 717)
(537 744)
(52 209)
(82 869)
(79 879)
(686 696)
(58 599)
(129 429)
(198 189)
(936 187)
(808 450)
(1 779 990)
(2 778 420)
(3 788 110)
(3 673 140)
(3 589 040)
(3 325 410)
(3 128 340)
(2 706 740)
(2 354 870)
(2 083 250)
(2 245 860)
(1 909 210)
(1 967 610)
(2 109 280)
(2 542 060)
(2 527 750)
(2 583 150)
(2 662 400)
(3 044 830)
(3 131 720)
(3 514 090)
(3 982 600)
(4 324 960)
(4 283 870)
(4 290 700)
(4 231 430)
(4 412 710)
(3 562 620)
(3 288 150)
(2 978 670)
(3 311 700)
(3 563 820)
(3 998 940)
(4 539 210)
(5 204 030)
(5 506 140)
(5 930 710)
(6 096 670)
(6 402 970)
(5 862 210)
(5 796 210)
(5 809 980)
(6 309 000)
(6 217 020)
(6 227 710)
(6 292 230)
(6 774 410)
(6 449 190)
(6 556 890)
Gross Profit
98 578
N/A
498 658
+406%
506 318
+2%
513 478
+1%
128 233
-75%
643 344
+402%
658 214
+2%
665 204
+1%
143 552
-78%
820 894
+472%
827 634
+1%
841 914
+2%
201 515
-76%
166 580
-17%
349 950
+110%
531 900
+52%
556 490
+5%
742 830
+33%
769 990
+4%
788 520
+2%
626 010
-21%
826 300
+32%
825 100
0%
844 050
+2%
687 120
-19%
870 670
+27%
883 880
+2%
901 490
+2%
759 740
-16%
964 910
+27%
1 043 850
+8%
1 147 710
+10%
1 037 820
-10%
1 376 250
+33%
1 510 350
+10%
1 624 840
+8%
1 505 980
-7%
1 839 910
+22%
1 895 010
+3%
1 914 300
+1%
1 703 740
-11%
1 845 680
+8%
1 752 850
-5%
1 734 280
-1%
1 551 560
-11%
1 830 780
+18%
1 974 750
+8%
2 107 220
+7%
1 972 320
-6%
2 457 620
+25%
2 620 640
+7%
2 743 620
+5%
2 510 140
-9%
2 928 080
+17%
3 015 010
+3%
3 079 290
+2%
2 835 720
-8%
3 181 560
+12%
3 176 120
0%
3 270 550
+3%
3 026 950
-7%
3 476 600
+15%
3 603 070
+4%
Operating Income
Operating Expenses
(32 508)
(429 670)
(430 420)
(431 450)
(37 274)
(543 609)
(551 959)
(561 209)
(34 949)
(706 362)
(706 712)
(706 042)
(48 995)
(115 200)
(237 880)
(361 080)
(316 810)
(496 160)
(516 070)
(536 000)
(364 620)
(558 120)
(560 270)
(554 220)
(389 610)
(557 650)
(551 550)
(563 700)
(409 730)
(609 240)
(659 300)
(720 470)
(561 460)
(841 920)
(930 010)
(1 014 200)
(860 420)
(1 196 420)
(1 241 940)
(1 253 620)
(1 038 500)
(1 287 350)
(1 239 700)
(1 196 090)
(1 016 510)
(1 229 950)
(1 309 210)
(1 370 460)
(1 179 930)
(1 545 320)
(1 652 940)
(1 776 250)
(1 485 360)
(1 936 820)
(1 954 860)
(1 989 870)
(1 717 970)
(2 079 040)
(2 095 650)
(2 161 530)
(1 904 220)
(2 314 580)
(2 388 140)
Selling, General & Administrative
0
(8 218)
(8 458)
(8 848)
0
(9 214)
(9 954)
(10 324)
0
(10 435)
(10 685)
(11 035)
0
(14 150)
(28 240)
(39 970)
(204 800)
(56 370)
(58 030)
(61 780)
(249 150)
(66 970)
(68 350)
(73 130)
(299 030)
(76 750)
(79 790)
(78 470)
(312 880)
(87 320)
(89 750)
(94 140)
(432 540)
(100 190)
(106 860)
(116 180)
(626 620)
(128 720)
(130 920)
(137 070)
(792 440)
(139 080)
(141 900)
(145 540)
(740 900)
(159 060)
(170 570)
(174 730)
(874 820)
(205 040)
(220 770)
(236 780)
(1 071 460)
(254 700)
(252 640)
(253 160)
(1 192 970)
(261 490)
(268 510)
(276 930)
(1 401 420)
(287 200)
(295 620)
Depreciation & Amortization
(33 352)
(34 630)
(35 990)
(37 100)
(37 884)
(35 985)
(34 885)
(34 005)
(49 478)
(35 169)
(37 309)
(39 689)
(68 965)
(27 190)
(55 150)
(82 910)
(112 010)
(112 640)
(114 920)
(116 700)
(115 470)
(115 160)
(113 340)
(115 130)
(115 650)
(117 860)
(117 180)
(113 780)
(116 460)
(119 580)
(134 710)
(152 080)
(167 060)
(188 420)
(197 840)
(204 910)
(209 340)
(207 720)
(208 580)
(211 660)
(222 030)
(235 000)
(248 110)
(259 310)
(265 720)
(271 470)
(277 510)
(287 690)
(297 820)
(318 450)
(343 450)
(368 450)
(403 030)
(431 320)
(459 870)
(487 070)
(508 320)
(526 530)
(529 480)
(532 260)
(534 450)
(533 820)
(549 180)
Other Operating Expenses
844
(386 823)
(385 973)
(385 503)
611
(498 410)
(507 120)
(516 880)
14 528
(660 759)
(658 719)
(655 319)
19 970
(73 860)
(154 490)
(238 200)
0
(327 150)
(343 120)
(357 520)
0
(375 990)
(378 580)
(365 960)
25 070
(363 040)
(354 580)
(371 450)
19 610
(402 340)
(434 840)
(474 250)
38 140
(553 310)
(625 310)
(693 110)
(24 460)
(859 980)
(902 440)
(904 890)
(24 030)
(913 270)
(849 690)
(791 240)
(9 890)
(799 420)
(861 130)
(908 040)
(7 290)
(1 021 830)
(1 088 720)
(1 171 020)
(10 870)
(1 250 800)
(1 242 350)
(1 249 640)
(16 680)
(1 291 020)
(1 297 660)
(1 352 340)
31 650
(1 493 560)
(1 543 340)
Operating Income
66 070
N/A
68 988
+4%
75 898
+10%
82 028
+8%
90 959
+11%
99 735
+10%
106 255
+7%
103 995
-2%
108 603
+4%
114 532
+5%
120 922
+6%
135 872
+12%
152 520
+12%
51 380
-66%
112 070
+118%
170 820
+52%
239 680
+40%
246 670
+3%
253 920
+3%
252 520
-1%
261 390
+4%
268 180
+3%
264 830
-1%
289 830
+9%
297 510
+3%
313 020
+5%
332 330
+6%
337 790
+2%
350 010
+4%
355 670
+2%
384 550
+8%
427 240
+11%
476 360
+11%
534 330
+12%
580 340
+9%
610 640
+5%
645 560
+6%
643 490
0%
653 070
+1%
660 680
+1%
665 240
+1%
558 330
-16%
513 150
-8%
538 190
+5%
535 050
-1%
600 830
+12%
665 540
+11%
736 760
+11%
792 390
+8%
912 300
+15%
967 700
+6%
967 370
0%
1 024 780
+6%
991 260
-3%
1 060 150
+7%
1 089 420
+3%
1 117 750
+3%
1 102 520
-1%
1 080 470
-2%
1 109 020
+3%
1 122 730
+1%
1 162 020
+3%
1 214 930
+5%
Pre-Tax Income
Interest Income Expense
(13 816)
(15 537)
(17 557)
(15 967)
(14 044)
(12 377)
(10 257)
(10 147)
321
(9 060)
(9 620)
(10 610)
(9 516)
(9 130)
(18 350)
(27 810)
46 020
(32 850)
(33 080)
(34 190)
49 160
(36 610)
(37 090)
(35 890)
9 880
(37 380)
(36 460)
(39 860)
(9 660)
(38 440)
(52 010)
(59 800)
(39 960)
(104 280)
(121 010)
(141 400)
(119 120)
(179 360)
(194 010)
(206 530)
(116 720)
(182 830)
(188 660)
(177 700)
4 400
(176 940)
(154 950)
(149 230)
(7 930)
(149 170)
(157 660)
(171 570)
(99 100)
(212 460)
(222 900)
(228 560)
(99 220)
(228 910)
(230 130)
(234 300)
(93 190)
(250 390)
(260 710)
Non-Reccuring Items
0
760
1 070
1 070
0
0
0
0
0
0
0
0
0
0
0
0
(30)
0
0
0
80
0
43 100
43 100
46 170
45 740
2 640
2 640
0
10 870
10 870
10 870
11 460
0
0
0
200
0
0
(1 770)
(44 550)
0
0
(43 880)
6 760
6 760
6 760
36 330
28 360
28 360
0
0
0
0
0
0
0
0
0
0
0
0
0
Gain/Loss on Disposition of Assets
(126)
0
0
0
217
0
0
0
(998)
0
0
0
(62)
0
0
0
(1 360)
0
0
0
(850)
0
0
0
27 720
0
0
0
52 970
0
0
0
40 210
0
0
0
23 880
0
0
0
18 190
0
0
0
(530)
0
0
0
(1 350)
0
0
0
(1 560)
0
0
0
(2 650)
0
0
0
(1 540)
0
0
Total Other Income
10 982
12 981
13 431
14 511
14 123
12 968
12 228
10 718
2 317
5 329
3 329
1 949
3 528
23 920
47 380
68 140
3 320
84 930
81 560
84 200
1 360
81 050
75 560
76 420
6 090
82 590
91 920
95 020
7 020
91 890
91 130
85 950
6 190
85 160
74 490
76 910
1 750
94 540
118 180
130 030
13 900
151 980
158 330
166 410
8 930
161 580
161 330
157 270
10 070
129 710
122 610
113 600
16 340
133 000
136 270
143 500
31 390
162 270
172 620
176 070
32 170
291 140
287 200
Pre-Tax Income
63 111
N/A
67 191
+6%
72 841
+8%
81 641
+12%
91 255
+12%
100 327
+10%
108 227
+8%
104 567
-3%
110 243
+5%
110 801
+1%
114 631
+3%
127 211
+11%
146 470
+15%
66 170
-55%
141 100
+113%
211 150
+50%
287 630
+36%
298 750
+4%
302 400
+1%
302 530
+0%
311 140
+3%
312 620
+0%
346 400
+11%
373 460
+8%
387 370
+4%
403 970
+4%
390 430
-3%
395 590
+1%
400 340
+1%
419 990
+5%
434 540
+3%
464 260
+7%
494 260
+6%
515 210
+4%
533 820
+4%
546 150
+2%
552 270
+1%
558 670
+1%
577 240
+3%
582 410
+1%
536 060
-8%
527 480
-2%
482 820
-8%
483 020
+0%
554 610
+15%
592 230
+7%
678 680
+15%
781 130
+15%
821 540
+5%
921 200
+12%
932 650
+1%
909 400
-2%
940 460
+3%
911 800
-3%
973 520
+7%
1 004 360
+3%
1 047 270
+4%
1 035 880
-1%
1 022 960
-1%
1 050 790
+3%
1 060 170
+1%
1 202 770
+13%
1 241 420
+3%
Net Income
Tax Provision
(11 411)
(12 260)
(13 020)
(14 650)
(14 972)
(15 880)
(16 490)
(15 980)
(16 295)
(17 737)
(19 287)
(21 637)
(25 723)
(13 550)
(29 620)
(44 560)
(62 150)
(66 250)
(69 000)
(71 530)
(74 740)
(76 700)
(77 890)
(84 250)
(88 760)
(93 480)
(100 500)
(103 830)
(102 010)
(101 640)
(107 010)
(117 600)
(133 460)
(150 430)
(154 520)
(157 460)
(153 900)
(153 740)
(154 280)
(144 800)
(137 260)
(97 610)
(60 450)
(30 120)
(17 220)
(49 260)
(86 940)
(132 940)
(159 700)
(202 990)
(214 110)
(219 190)
(203 760)
(186 950)
(205 010)
(216 500)
(257 070)
(253 810)
(246 440)
(251 380)
(252 300)
(259 090)
(269 510)
Income from Continuing Operations
51 700
54 931
59 821
66 991
76 282
84 447
91 737
88 587
93 948
93 063
95 343
105 573
120 747
52 620
111 480
166 590
225 480
232 500
233 400
231 000
236 400
235 920
268 510
289 210
298 610
310 490
289 930
291 760
298 330
318 350
327 530
346 660
360 800
364 780
379 300
388 690
398 370
404 930
422 960
437 610
398 800
429 870
422 370
452 900
537 390
542 970
591 740
648 190
661 840
718 210
718 540
690 210
736 700
724 850
768 510
787 860
790 200
782 070
776 520
799 410
807 870
943 680
971 910
Income to Minority Interest
0
0
0
0
0
0
0
0
35
0
0
0
1
(250)
(380)
(470)
(550)
(370)
(280)
(340)
(740)
(580)
(400)
(760)
(1 160)
(680)
(520)
80
680
610
430
170
(50)
(550)
(1 000)
(2 080)
(2 490)
(2 600)
(3 170)
(3 930)
(5 260)
(5 040)
(14 490)
(30 410)
(46 110)
(61 290)
(68 930)
(70 900)
(71 400)
(70 950)
(71 520)
(71 760)
(73 860)
(81 450)
(87 730)
(91 350)
(93 990)
(94 590)
(97 350)
(107 490)
(116 610)
(131 430)
(143 100)
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
990
1 950
0
0
(1 020)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5 220
2 790
2 250
Net Income (Common)
51 700
N/A
54 701
+6%
59 591
+9%
66 761
+12%
76 282
+14%
84 447
+11%
91 737
+9%
88 587
-3%
93 982
+6%
93 063
-1%
95 343
+2%
105 573
+11%
120 753
+14%
52 370
-57%
111 100
+112%
166 120
+50%
224 930
+35%
232 130
+3%
233 120
+0%
230 660
-1%
235 660
+2%
236 330
+0%
270 060
+14%
290 400
+8%
297 450
+2%
308 790
+4%
287 430
-7%
289 860
+1%
299 010
+3%
318 960
+7%
327 960
+3%
346 830
+6%
360 750
+4%
364 230
+1%
378 300
+4%
386 610
+2%
395 880
+2%
402 330
+2%
419 790
+4%
433 680
+3%
393 540
-9%
424 830
+8%
407 880
-4%
422 490
+4%
491 280
+16%
481 680
-2%
522 810
+9%
577 290
+10%
607 050
+5%
663 870
+9%
663 630
0%
636 060
-4%
667 020
+5%
647 580
-3%
684 960
+6%
699 690
+2%
696 210
0%
687 480
-1%
679 170
-1%
691 920
+2%
696 480
+1%
815 040
+17%
831 060
+2%
EPS (Diluted)
4.56
N/A
4.84
+6%
5.28
+9%
5.91
+12%
6.77
+15%
7.5
+11%
8.15
+9%
7.84
-4%
8.35
+7%
8.27
-1%
8.47
+2%
9.39
+11%
10.29
+10%
4.41
-57%
9.36
+112%
13.99
+49%
18.96
+36%
19.58
+3%
19.62
+0%
19.34
-1%
19.84
+3%
19.84
N/A
22.7
+14%
24.46
+8%
24.95
+2%
25.91
+4%
24.09
-7%
24.3
+1%
25.05
+3%
26.67
+6%
27.36
+3%
29.08
+6%
30.16
+4%
30.43
+1%
31.28
+3%
32.32
+3%
33.09
+2%
33.7
+2%
34.32
+2%
33.88
-1%
31.45
-7%
33.11
+5%
31.29
-5%
32.13
+3%
37.6
+17%
35.61
-5%
39.36
+11%
43.19
+10%
45.42
+5%
49.06
+8%
49.03
0%
47
-4%
49.29
+5%
47.84
-3%
50.62
+6%
51.71
+2%
51.45
-1%
50.81
-1%
50.19
-1%
51.13
+2%
51.47
+1%
60.23
+17%
61.41
+2%

See Also

Summary
RELIANCE intrinsic value, competitors valuation, and company profile.
DCF Valuation
RELIANCE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
RELIANCE stock valuation using valuation multiples.
Wall Street Estimates
RELIANCE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
RELIANCE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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