On 6 Nov 2026, Reliance Industrial Infrastructure was priced at ₹700.85, or 89.2× trailing earnings, against an industry P/E of 16.4×, and the shares are 23% below their 52-week high. Its ROCE of −1.8% is the lowest among the 7 largest Engineering & Construction peers, and sales and net profit fell 13% and 11% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹1,058 Cr, ranked 61st of 156 Engineering & Construction companies by market cap; the shares fell 20% over the past year.
- ₹710.00
- ₹710.00
- ₹691.05
- ₹711.85
- 72.4K
Health check
- ReturnsBehind
−20.0% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −12.6%, profit −11.0% a year over 3 years.
- ProfitabilityNegative
ROCE -1.8% vs peer median 19.9%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags4 to check
Return on equity is low at 2.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,058 Cr
- Small cap
- P/E
- 89.2
- Industry 16.4
- Price to book
- 2.29
- Peers 4.92
- Dividend yield
- 0.50%
- ROE
- 2.5%
- Peers 17.9%
- ROCE
- −1.8%
- Peers 19.9%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹7.86
- Face value ₹10
- OPM (TTM)
- −25.1%
- Net margin 31.4%
- Sales growth
- −31.4%
- Latest quarter vs a year ago
- Profit growth
- −8.9%
- Latest quarter vs a year ago
- Price to sales
- 28.01
- EV/EBITDA −108.8
Strengths and risks
Risks to check
- Return on equity is low at 2.5%.
- Quarterly sales down 31.4% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- P/E of 89.2 against an industry P/E of 16.4.
About Reliance Industrial Infrastructure
Reliance Industrial Infrastructure Limited engages in the infrastructure and support services activities in India. The company is involved in setting up and operating industrial infrastructure; transportation of petroleum products, natural gas, and raw water through its pipelines; and other infrastructure support services. It primarily operates in Mumbai and the Rasayani regions of Maharashtra, as well as the Surat and Jamnagar belts of Gujarat. The…
- Headquarters
- Mumbai
- Sector
- Industrials
- ISIN
- INE046A01015
- Website
- riil.in
Price range
- Avg volume (3M)
- 1.4 L
- 1-year return
- minus 20.0%
- From 52-week high
- minus 22.8%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| RIILReliance Industrial Infrastructure | 700.85 | minus 1.55% | 1,058 | 89.2 | – | −1.8% | −25.1% | – | −12.6% | minus 20.0% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 12.5 | – | 12.4 | 8.4 | 8.6 | 8.4 | |
| 14.5 | – | 14.7 | 9.7 | 11.9 | 11 | |
| −2 | – | −2.4 | −1.3 | −3.2 | −2.6 | |
| −16.0% | – | −19.2% | −14.8% | −37.3% | −31.5% | |
| – | – | 6.1 | 5.9 | 6.3 | 5.7 | |
| 0.4 | – | 0.4 | 0.3 | 0.3 | 0.4 | |
| – | 3.5 | 3.4 | 4.3 | 2.7 | 2.7 | |
| – | – | 23.8% | 25.5% | 5.5% | 4.4% | |
| 3.1 | – | 3 | 3.2 | 2.8 | 2.8 | |
| 2.05 | – | 1.99 | 2.13 | 1.88 | 1.85 |
Profit & loss
- Sales CAGR 3Y
- −12.6%
- Profit CAGR 3Y
- −11.0%
- EPS CAGR 3Y
- +8.7%
- ROE
- 2.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 68 | 58.1 | 49.5 | 45.4 | |
| – | minus 14.6% | minus 14.8% | minus 8.2% | |
| 65.2 | 64.2 | 61.4 | 53.1 | |
| 2.8 | −6.2 | −11.9 | −7.7 | |
| 4.2% | −10.6% | −24.0% | −17.0% | |
| 12.6 | 24.4 | 21 | 20.8 | |
| 5.9 | 2.6 | 1.5 | 1.4 | |
| 10.2 | 3.4 | 3.9 | 2.4 | |
| 19.7 | 19 | 11.5 | 14.1 | |
| 11.0% | 29.7% | 14.4% | 26.6% | |
| 17.6 | 13.3 | 12 | 12.4 | |
| – | minus 24.2% | minus 10.1% | +3.5% | |
| 6.39 | 8.82 | 7.93 | 8.21 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.1 | 15.1 | 15.1 | 15.1 | |
| 416 | 456 | 447 | 459 | |
| 45.3 | 62.3 | 75.4 | 55.9 | |
| 476 | 534 | 537 | 530 | |
| 36.8 | 28.8 | 27.2 | 25.8 | |
| 181 | 225 | 213 | 108 | |
| 196 | 211 | 161 | 244 | |
| 63.2 | 69 | 136 | 152 | |
| 476 | 534 | 537 | 530 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.8 | 2 | −3 | −35.7 | |
| −18.6 | 3.3 | 8.7 | 40.6 | |
| −4.6 | −5.4 | −5.3 | −5.3 | |
| −0.4 | −0.1 | 0.3 | −0.5 | |
| 22.8 | 2 | −3 | −35.7 | |
| −4.6 | −5.4 | −5.3 | −5.3 |
Shareholding pattern
- Promoters45.43%
- Public54.57%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 45.43% | 54.57% | 0.00 | |
| 30 Jun 2026 | 45.43% | 54.57% | 0.00 | |
| 31 Mar 2026 | 45.43% | 54.57% | 0.00 | |
| 31 Dec 2025 | 45.43% | 54.57% | 0.00 | |
| 30 Sep 2025 | 45.43% | 54.57% | – |
Major shareholders
Filings & events
News
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