Reliance Industries vs Bharat Petroleum: share price, P/E, ROE and financials compared
Reliance Industries
Bharat Petroleum Corporation
Reliance Industries and Bharat Petroleum at a glance
Reliance Industries and Bharat Petroleum are both listed in Oil Gas & Consumable Fuels. Reliance Industries is the larger by market cap, at ₹17.9L Cr against ₹1.4L Cr for Bharat Petroleum (12.9 times as large). On valuation, Bharat Petroleum has the lower P/E (8.7× against 21.8×) and the lower price-to-book (1.35× against 1.89×). On returns and margins, Reliance Industries has the higher operating margin (11.2% against 3.4%), while Bharat Petroleum has the higher ROCE (26.4% against 9.0%) and the higher ROE (16.2% against 8.8%). Over three years, Reliance Industries has faster 3-year sales growth (+6.4% against −1.2% a year), while Bharat Petroleum has faster 3-year profit growth (+129.7% against +6.6% a year). Reliance Industries carries less debt for its equity, with a debt-to-equity of 0.44× against 0.62×.
Key metrics, side by side
| Metric | Reliance IndustriesRELIANCE | Bharat PetroleumBPCL |
|---|---|---|
| Price (₹) | 1,320.00 | 319.90 |
| Market cap (₹ Cr) | 17,86,286 | 1,38,789 |
| P/E | 21.8× | 8.7× (the lower figure, shaded) |
| P/B | 1.89× | 1.35× (the lower figure, shaded) |
| Dividend yield, trailing | 0.45% | 5.47% (the higher figure, shaded) |
| ROE | 8.8% | 16.2% (the higher figure, shaded) |
| ROCE | 9.0% | 26.4% (the higher figure, shaded) |
| Operating margin (OPM) | 11.2% (the higher figure, shaded) | 3.4% |
| Net margin (NPM) | 6.8% (the higher figure, shaded) | 2.9% |
| Sales CAGR 3Y | +6.4% (the higher figure, shaded) | −1.2% |
| Profit CAGR 3Y | +6.6% | +129.7% (the higher figure, shaded) |
| Debt to equity | 0.44× (the lower figure, shaded) | 0.62× |
| Interest cover | 6.1× | 12.8× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 82,110 | 15,803 |
| 1Y return | −10.8% (the higher figure, shaded) | −15.0% |
| Promoter holding | 50.44% | – |
Reliance Industries vs Bharat Petroleum: common questions
Which is bigger, Reliance Industries or Bharat Petroleum?
By market cap, Reliance Industries is bigger at ₹17.9L Cr, against ₹1.4L Cr for Bharat Petroleum (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹82,110 Cr for Reliance Industries and ₹15,803 Cr for Bharat Petroleum.
Which has a lower P/E ratio, Reliance Industries or Bharat Petroleum?
Reliance Industries trades at a P/E of 21.8× and Bharat Petroleum at 8.7×. Bharat Petroleum 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 Bharat Petroleum?
Reliance Industries reports a return on equity of 8.8% and Bharat Petroleum 16.2%. Bharat Petroleum has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Reliance Industries or Bharat Petroleum?
Over the last three years: Sales grew +6.4% a year at Reliance Industries and −1.2% at Bharat Petroleum, so Reliance Industries grew sales faster; profit grew +6.6% a year at Reliance Industries and +129.7% at Bharat Petroleum, so Bharat Petroleum grew profit faster. Past growth doesn’t predict future growth.