Reliance Industries vs Petronet LNG: share price, P/E, ROE and financials compared
Reliance Industries
Petronet LNG
Reliance Industries and Petronet LNG at a glance
Reliance Industries and Petronet LNG are both listed in Oil Gas & Consumable Fuels. Reliance Industries is the larger by market cap, at ₹17.9L Cr against ₹47,550 Cr for Petronet LNG (37.6 times as large). On valuation, Reliance Industries has the lower price-to-book (1.89× against 1.96×), while Petronet LNG has the lower P/E (10.3× against 21.8×). On returns and margins, Petronet LNG has the higher ROCE (21.2% against 9.0%), the higher ROE (20.4% against 8.8%) and the higher operating margin (16.0% against 11.2%). Over three years, Reliance Industries has faster 3-year sales growth (+6.4% against −9.7% a year) and faster 3-year profit growth (+6.6% against +5.6% a year). Petronet LNG carries less debt for its equity, with a debt-to-equity of 0.09× against 0.44×.
Key metrics, side by side
| Metric | Reliance IndustriesRELIANCE | Petronet LNGPETRONET |
|---|---|---|
| Price (₹) | 1,320.00 | 317.00 |
| Market cap (₹ Cr) | 17,86,286 | 47,550 |
| P/E | 21.8× | 10.3× (the lower figure, shaded) |
| P/B | 1.89× (the lower figure, shaded) | 1.96× |
| Dividend yield, trailing | 0.45% | 3.15% (the higher figure, shaded) |
| ROE | 8.8% | 20.4% (the higher figure, shaded) |
| ROCE | 9.0% | 21.2% (the higher figure, shaded) |
| Operating margin (OPM) | 11.2% | 16.0% (the higher figure, shaded) |
| Net margin (NPM) | 6.8% | 13.9% (the higher figure, shaded) |
| Sales CAGR 3Y | +6.4% (the higher figure, shaded) | −9.7% |
| Profit CAGR 3Y | +6.6% (the higher figure, shaded) | +5.6% |
| Debt to equity | 0.44× | 0.09× (the lower figure, shaded) |
| Interest cover | 6.1× | 23.5× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 82,110 | 4,634 |
| 1Y return | −10.8% | +13.0% (the higher figure, shaded) |
| Promoter holding | 50.44% | – |
Reliance Industries vs Petronet LNG: common questions
Which is bigger, Reliance Industries or Petronet LNG?
By market cap, Reliance Industries is bigger at ₹17.9L Cr, against ₹47,550 Cr for Petronet LNG (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹82,110 Cr for Reliance Industries and ₹4,634 Cr for Petronet LNG.
Which has a lower P/E ratio, Reliance Industries or Petronet LNG?
Reliance Industries trades at a P/E of 21.8× and Petronet LNG at 10.3×. Petronet LNG 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 Petronet LNG?
Reliance Industries reports a return on equity of 8.8% and Petronet LNG 20.4%. Petronet LNG has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Reliance Industries or Petronet LNG?
Over the last three years: Sales grew +6.4% a year at Reliance Industries and −9.7% at Petronet LNG, so Reliance Industries grew sales faster; profit grew +6.6% a year at Reliance Industries and +5.6% at Petronet LNG, so Reliance Industries grew profit faster. Past growth doesn’t predict future growth.