Obermatt

Reliance

NSI:RELIANCE · INE002A01018
Oil, Gas & Consumable FuelsXX-Large

360

22
EV / EBIT24
Price / Owner Earnings3
Owner Earnings Yield20
Dividend Yield43
Price/Sales38
EV / Gross Profit64
Price/Book28
Return on Capital25
Cash Return on Capital18
Return on Equity25
EBIT Margin37
Gross Profitability45
Cash Conversion64
Owner Earnings Margin22
Sales growth42
Profit Growth100
Long-Term EPS Growth73
Reinvestment57
Price momentum25
Debt load69
Refinancing28
Debt Payback21
Liquidity49
Analyst ratings77
Opinion Changes50
Price Target Upside96
Market mood91
Value Creation7/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Reliance clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryOil, Gas & Consumable Fuels
SizeXX-Large
TypePublic Company
ExchangeNSEI
Founded1973
Employees42,366
Websiteril.com
ISININE002A01018
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindBio-based and Renewable MaterialsDigital MediaOnline GroceryCleanTechUtility Scale SolarBiofuelFast-Moving Consumer GoodsFleet ManagementChemicalEnergyOil and Gas

Description

Reliance Industries Limited engages in petrochemicals, refining, oil, telecommunications, and retail. It plays a pivotal role in the Indian economy as it is involved in the production of a wide range of products that contribute to the overall industr…

Analysis

Hope premium

Reliance Industries Limited carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 194.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 38% yearly growth; analysts expect 12%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is tepid and the balance sheet is adequate. The company scores 7/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
61
2023202420252026

All-time high

86

Mar 2026

All-time low

9

Jan 2023

Average rank

66

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
38
35
27
27
Price/Earnings
21
26
30
27
Price/Book
28
37
33
51
Dividend Yield
43
12
16
16
Value (overall)
18
9
13
19

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →