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As of 6 Nov 2026, Reliance Infrastructure trades at 0.7× trailing earnings, below the industry P/E of 21.6×, and the shares are 74% below their 52-week high. Sales fell 0.7% a year over 3 years, with ROCE of 15% and ROE of 18%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.17× equity. It is a small-cap company with a market cap of ₹2,086 Cr, ranked 11th of 15 Utilities (Independent Power Producers) companies by market cap; the shares fell 74% over the past year.

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

past year
Open
₹51.11
Day high
₹51.11
Day low
₹51.11
Prev. close
₹50.11
Volume
1.4 L

Health check

2 fair · 3 to check
  • ReturnsBehind

    −74.3% over a year, better than 0 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthShrinking

    Sales −0.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 15.1% vs peer median 8.4%.

  • Balance sheetFair

    Debt 0.17× equity, interest covered 3.7×.

  • Red flags3 to check

    Net profit is above operating profit, so a one-off gain is likely flattering earnings.

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

Utilities - Independent Power Producers

14 listed peers. Screen the industry

Small cap

₹2,086 Cr, #11 of 15 in its industry by size.

Moves with the market

Beta 0.82 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹20,877 Cr · profit ₹3,212 Cr
Market cap
₹2,086 Cr
Small cap
P/E
0.7
Industry 21.6
Price to book
0.12
Peers 2.85
Dividend yield
0.00%
ROE
18.0%
Peers 10.0%
ROCE
15.1%
Peers 8.4%
Debt to equity
0.17
Debt ₹4,937 Cr
EPS (TTM)
₹77.05
Face value ₹10
OPM (TTM)
8.0%
Net margin 15.4%
Sales growth
+7.4%
Latest quarter vs a year ago
Profit growth
+521.3%
Latest quarter vs a year ago
Price to sales
0.10
EV/EBITDA 6.2

Strengths and risks

Strengths

  • Quarterly profit up 521.3% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • 74% below its 52-week high.
  • Interest coverage of only 1.9×.

Derived automatically from reported figures. Not a recommendation.

About Reliance Infrastructure

Reliance Infrastructure Limited, an infrastructure company, generates, transmits, and distributes electrical power to residential, industrial, commercial, and other consumers in India. It operates through three segments: Power; Engineering and Construction (E&C); and Infrastructure. The Power segment engages in the trading of power. Its E&C segment offers value added services in construction, erection, commissioning, and contracting. The Infrastructure…

Headquarters
Mumbai
Employees
4,937
Sector
Utilities
ISIN
INE036A01016
Website
rinfra.com

Price range

52 weeks

₹42.56₹195.00

Today

₹51.11₹51.11
Avg volume (3M)
3.4 L
1-year return
minus 74.3%
From 52-week high
minus 73.8%

Peers · Utilities - Independent Power Producers

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIPOWERAdani Power204.29plus 0.14%3,93,96721.622.015.1%38.7%0.8012.5%plus 28.8%
ADANIENSOLAdani Energy Solutions1,457.40plus 0.74%1,78,23347.224.38.4%31.2%1.7027.7%plus 46.7%
TATAPOWERTata Power Co.352.50minus 3.31%1,12,63629.214.08.5%20.4%1.684.1%minus 9.0%
JSWENERGYJSW Energy524.95plus 0.31%96,22441.315.97.3%53.4%2.0723.5%minus 0.9%
TORNTPOWERTorrent Power1,271.10plus 0.45%64,05126.513.311.9%19.2%1.084.0%minus 3.0%
VEDPOWERVedanta Power35.33minus 3.07%13,793–19.0−7.7%13.9%0.6515.7%minus 13.7%
JPPOWERJaiprakash Power Ventures13.86minus 0.29%9,49925.28.86.7%29.3%0.23−1.3%minus 22.3%
RELINFRAReliance Infrastructure51.11plus 2.00%2,0860.75.3–8.0%0.17−0.7%minus 74.3%
Median of 7 peers–0.14%96,22427.815.98.4%29.3%1.0812.5%−3.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
5,9086,2354,2974,0016,344
5,2624,7643,4594,9066,080
6451,471838−905265
10.9%23.6%19.5%−22.6%4.2%
4253782642,6701,093
409444442348413
375368373350342
0.61,5092087.8141
2872,5463071,155743
−2.2%−31.1%−0.7%−52.9%−0.3%
59.81,91111.1918372
2.1245.270.2622.449.08

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−0.7%
ROE
18.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
20,56321,70323,27720,127
–+5.5%+7.3%minus 13.5%
19,40718,67217,77317,166
1,1563,0325,5042,960
5.6%14.0%23.6%14.7%
2,6141654,8963,419
2,1732,1331,6211,594
1,4491,5031,4211,466
−2,614−1651,126977
−2,466−6058,4844,296
−0.3%−6.8%−0.1%−14.6%
−3,221−1,6094,9382,900
-112.98-42.66120.6871.41

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
352396396409
8,9428,35114,03417,464
11,5109,8956,3614,937
40,19040,53845,05048,351
60,99359,18165,84171,160
9,96410,02010,54711,160
9161,0241,003900
8782.54,7734,765
1,5852,9472,9272,154
47,65145,18846,59152,181
60,99359,18165,84171,160

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,4584,0973,6572,550
−1,333−448−1,731−1,273
−2,242−3,648−1,252−1,775
−1171.9674−498
−1,343−1,027−1,465−1,693
2,1153,0702,192857
−8−8.8−9.8−21.9

Shareholding pattern

Source: NSE filings
19.1%
promoters
  • Promoters19.05%
  • Public80.84%
  • Employee trusts0.11%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202619.05%80.84%0.00
30 Jun 202619.05%80.84%0.00
31 Mar 202619.05%80.84%0.00
31 Dec 202519.05%80.84%0.00
30 Sep 202519.05%80.84%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you