RELIANCE share price, P/E, ROE & financials

As of 6 Nov 2026, Reliance Industries trades at 21.8× trailing earnings, above the industry P/E of 14.3×, and the shares are 18% below their 52-week high. Sales and net profit grew 6.4% and 6.6% a year over 3 years; its ROCE of 9.0% is the lowest among the 7 largest Oil & Gas Refining & Marketing peers. Debt is 0.44× equity, and its dividend yield is 0.5%. It is a large-cap company with a market cap of ₹17.9 lakh crore, the largest of 20 Oil & Gas Refining & Marketing companies by market cap; the shares fell 11% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,295.00
Day high: ₹1,320.00
Day low: ₹1,295.00
Prev. close: ₹1,313.40
Volume: 2.3 Cr

Health check

2 good · 1 fair · 3 to check

ReturnsIn line
−10.8% over a year, better than 3 of 7 peers.
Price tagPricier
P/E 21.8 vs industry 14.3.
GrowthStrong
Sales +6.4%, profit +6.6% a year over 3 years.
ProfitabilityWeak
ROCE 9.0% vs peer median 21.2%.
Balance sheetSolid
Debt 0.44× equity, interest covered 6.1×, Piotroski 6 of 9.
Red flags1 to check
P/E of 21.8 against an industry P/E of 14.3.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas Refining & Marketing

19 listed peers. Screen the industry

Large cap

₹17.9L Cr, the largest of 20 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹11,99,033 Cr · profit ₹82,110 Cr

Market cap: ₹17.9L Cr; Large cap
P/E: 21.8; Industry 14.3
Price to book: 1.89; Peers 1.58
Dividend yield: 0.45%
ROE: 8.8%; Peers 20.4%
ROCE: 9.0%; Peers 21.2%
Debt to equity: 0.44; Debt ₹5.0L Cr
EPS (TTM): ₹60.68; Face value ₹10
OPM (TTM): 11.2%; Net margin 6.8%
Sales growth: +29.8%; Latest quarter vs a year ago
Profit growth: +40.7%; Latest quarter vs a year ago
Price to sales: 1.49; EV/EBITDA 11.9

Strengths

Quarterly profit up 40.7% on a year ago.
Quarterly sales up 29.8% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 21.8 against an industry P/E of 14.3.

Derived automatically from reported figures. Not a recommendation.

About Reliance Industries

Reliance Industries Limited engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable, financial services, retail, and digital services worldwide. It operates through the Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company is involved in refining and marketing products, including liquefied petroleum gas, propylene, naphtha,…

Headquarters: Mumbai
Employees: 4,19,911
Sector: Energy
ISIN: INE002A01018
Website: ril.com

Price range

52 weeks

₹1,152.20₹1,611.80

Today

₹1,295.00₹1,320.00

Avg volume (3M): 1.5 Cr
1-year return: minus 10.8%
From 52-week high: minus 18.1%

Analyst consensus

26 analysts

Strong buyMean target ₹1,613.31 22.2%

Target range, with today’s price

Low ₹1,280.00High ₹1,890.00

Next results expected around 15 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Oil & Gas Refining & Marketing

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
RELIANCEReliance Industries	1,320.00	plus 0.50%	17,86,286	21.8	10.7	9.0%	11.2%	0.44	6.4%	minus 10.8%
IOCIndian Oil Corporation	146.25	plus 1.21%	2,06,523	4.3	3.8	20.5%	7.3%	0.58	−2.2%	minus 14.6%
BPCLBharat Petroleum Corporation	319.90	plus 0.88%	1,38,789	8.7	3.8	26.4%	3.4%	0.62	−1.2%	minus 15.0%
HINDPETROHindustan Petroleum Corporation	387.15	plus 1.87%	82,379	57.4	4.2	23.3%	1.2%	1.40	0.2%	minus 21.6%
PETRONETPetronet LNG	317.00	0.00%	47,550	10.3	7.1	21.2%	16.0%	0.09	−9.7%	plus 13.0%
AEGISLOGAegis Logistics	1,141.10	minus 3.77%	40,053	30.1	26.7	14.2%	20.9%	0.51	−1.3%	plus 55.4%
MRPLMangalore Refinery & Petrochemicals	175.67	plus 1.12%	30,788	7.0	6.1	19.0%	6.3%	0.60	−6.7%	minus 1.2%
CHENNPETROChennai Petroleum Corporation	1,441.80	plus 1.64%	21,470	3.8	4.4	33.4%	9.5%	0.16	−6.0%	plus 44.3%
Median of 7 peers	–	1.12%	47,550	8.7	4.4	21.2%	7.3%	0.58	−2.2%	−1.2%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
2,43,632	2,64,905	2,94,059	3,09,468	3,30,601
2,14,569	2,33,509	2,64,726	2,77,051	2,89,300
29,063	31,396	29,333	32,417	41,301
11.9%	11.9%	10.0%	10.5%	12.5%
6,195	4,914	4,447	6,550	5,793
7,036	6,613	6,585	8,337	8,481
8,924	–	–	–	–
37,146	29,697	27,195	30,630	38,613
17.4%	25.4%	24.2%	24.9%	24.2%
26,994	18,645	16,971	20,946	25,548
19.95	13.78	12.54	15.48	18.88

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +6.4%
Profit CAGR 3Y: +6.6%
EPS CAGR 3Y: +6.6%
ROE: 8.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8,77,835	9,01,064	9,64,693	10,57,219
–	+2.6%	+7.1%	+9.6%
7,35,517	7,38,566	7,99,095	8,78,154
1,42,318	1,62,498	1,65,598	1,79,065
16.2%	18.0%	17.2%	16.9%
12,447	12,790	14,273	23,011
18,958	21,772	22,121	24,056
40,303	50,832	53,136	57,688
−1,458	1,656	1,403	2,830
94,046	1,04,340	1,06,017	1,23,162
21.7%	24.6%	23.8%	22.4%
66,702	69,621	69,648	80,775
–	+4.4%	0.0%	+16.0%
49.30	51.45	51.47	59.69

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
6,766	6,766	13,532	13,532
7,09,106	7,86,715	8,29,668	8,90,498
3,34,392	3,46,142	3,69,575	3,98,000
5,57,167	6,16,363	7,37,346	8,76,110
16,07,431	17,55,986	19,50,121	21,78,140
6,94,987	7,67,493	8,61,942	9,57,893
1,24,484	1,61,409	1,78,840	2,06,806
1,05,460	1,03,561	1,13,586	1,39,096
1,61,233	2,11,310	2,38,792	2,77,212
5,21,267	5,12,213	5,56,961	5,97,133
16,07,431	17,55,986	19,50,121	21,78,140

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,15,032	1,58,788	1,78,703	1,92,113
−91,235	−1,13,581	−1,37,535	−1,01,089
10,455	−16,646	−31,891	−51,549
34,252	28,561	9,277	39,475
−1,40,988	−1,52,883	−1,39,967	−1,22,916
−25,956	5,905	38,736	69,197
−5,083	−6,089	−6,766	−7,443

Shareholding pattern

Source: NSE filings

50.4%

promoters

Promoters50.44%
Public49.56%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	50.44%	49.56%	minus 0.04
30 Jun 2026	50.48%	49.52%	plus 0.48
31 Mar 2026	50.00%	50.00%	minus 0.01
31 Dec 2025	50.01%	49.99%	0.00
30 Sep 2025	50.01%	49.99%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you