💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Reliance Industries Limited is engaged in the activities of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables, retail and digital services. The Company’s segments include Oil to Chemicals…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, slow-growing business, reasonably priced.
Reliance Industries is scored on the commodity / cyclical framework. It keeps a slim 8.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.01× reported profit. It throws off free cash worth 5.1% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 7%/yr and profit at 9%/yr. Book value has grown 9%/yr. Return on equity is a modest 8.7%. In the latest quarter profit grew 27% versus the prior quarter.
At 22× earnings, the stock sits at the 39th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~8%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 18.72 | 17.58 | worse |
| P/B | 1.9 | 1.42 | worse |
| EV/EBITDA | 9.31 | 7.2 | worse |
| ROE | 8.69 | 16.96 | worse |
| ROCE | 10.38 | 18.62 | worse |
| ROA | 4.18 | 8.27 | worse |
| Quick Ratio | 0.79 | 0.47 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Indian Oil | 4.1 | 0.9 | 20.3% |
| Bharat Petroleum Corp | 8.7 | 1.4 | 15.6% |
| Hindustan Petroleum Corp | 56.8 | 1.6 | 2.7% |
Revenue has grown every year across all 4 financial years shown. 7% CAGR — growing but slowly.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 11% — no major structural shift.
ROE at 9% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (9% vs -15%) — share dilution is eroding per-share value. -15% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.0× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 6% sequentially — momentum is building. Run-rate stepping up — recent quarters average 15% above earlier ones.
Profit jumped 27% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 50.4% — majority control intact. FIIs trimmed 2.4pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.