Reliance Industries vs Adani Enterprises: share price, P/E, ROE and financials compared
Reliance Industries
Adani Enterprises
Reliance Industries and Adani Enterprises at a glance
Reliance Industries is the larger by market cap, at ₹17.9L Cr against ₹3.7L Cr for Adani Enterprises (4.8 times as large). On valuation, Reliance Industries has the lower P/E (21.8× against 58.5×) and the lower price-to-book (1.89× against 3.79×). On returns and margins, Reliance Industries has the higher ROE (8.8% against 6.4%) and the higher operating margin (11.2% against 6.6%), while Adani Enterprises has the higher ROCE (9.8% against 9.0%). Over three years, Reliance Industries has faster 3-year sales growth (+6.4% against −7.7% a year), while Adani Enterprises has faster 3-year profit growth (+55.9% against +6.6% a year). Reliance Industries carries less debt for its equity, with a debt-to-equity of 0.44× against 1.14×.
Key metrics, side by side
| Metric | Reliance IndustriesRELIANCE | Adani EnterprisesADANIENT |
|---|---|---|
| Price (₹) | 1,320.00 | 2,745.80 |
| Market cap (₹ Cr) | 17,86,286 | 3,71,705 |
| P/E | 21.8× (the lower figure, shaded) | 58.5× |
| P/B | 1.89× (the lower figure, shaded) | 3.79× |
| Dividend yield, trailing | 0.45% (the higher figure, shaded) | 0.05% |
| ROE | 8.8% (the higher figure, shaded) | 6.4% |
| ROCE | 9.0% | 9.8% (the higher figure, shaded) |
| Operating margin (OPM) | 11.2% (the higher figure, shaded) | 6.6% |
| Net margin (NPM) | 6.8% (the higher figure, shaded) | 4.3% |
| Sales CAGR 3Y | +6.4% (the higher figure, shaded) | −7.7% |
| Profit CAGR 3Y | +6.6% | +55.9% (the higher figure, shaded) |
| Debt to equity | 0.44× (the lower figure, shaded) | 1.14× |
| Interest cover | 6.1× (the higher figure, shaded) | 3.1× |
| Net profit TTM (₹ Cr) | 82,110 | 5,738 |
| 1Y return | −10.8% | +13.0% (the higher figure, shaded) |
| Promoter holding | 50.44% | – |
Reliance Industries vs Adani Enterprises: common questions
Which is bigger, Reliance Industries or Adani Enterprises?
By market cap, Reliance Industries is bigger at ₹17.9L Cr, against ₹3.7L Cr for Adani Enterprises (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹82,110 Cr for Reliance Industries and ₹5,738 Cr for Adani Enterprises.
Which has a lower P/E ratio, Reliance Industries or Adani Enterprises?
Reliance Industries trades at a P/E of 21.8× and Adani Enterprises at 58.5×. Reliance Industries has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Reliance Industries or Adani Enterprises?
Reliance Industries reports a return on equity of 8.8% and Adani Enterprises 6.4%. Reliance Industries has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Reliance Industries or Adani Enterprises?
Over the last three years: Sales grew +6.4% a year at Reliance Industries and −7.7% at Adani Enterprises, so Reliance Industries grew sales faster; profit grew +6.6% a year at Reliance Industries and +55.9% at Adani Enterprises, so Adani Enterprises grew profit faster. Past growth doesn’t predict future growth.