Overall Fundamental outlook

Business Operations:

Sector: Energy
Industry: Oil & Gas Refining & Marketing

Reliance Industries Limited engages in hydrocarbon exploration and production, oil and chemicals, textile, retail, digital, material and composites, renewables, and financial services businesses worldwide. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company produces and markets petroleum products, such as liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosene oil, diesel, sulphur, and petroleum coke. It also provides petrochemicals, including high-density and low-density polyethylene (PE), linear low-density PE, polyester fibers and yarns, polypropylene, polyvinyl chloride, purified terephthalic acid, ethylene glycols and oxide, paraxylene, ortho xylene, benzene, linear alkyl benzene and paraffin, poly butadiene rubber, styrene butadiene rubber, butyl rubber, and polyethylene terephthalate. In addition, the company manufactures and markets yarns, fabrics, apparel, and auto furnishings; explores, develops, and produces crude oil and natural gas; and operates various stores comprising neighborhood, supermarket, hypermarket, wholesale cash and carry, specialty, online stores, as well as stores that offer apparel, beauty and cosmetics, accessories, footwear, consumer electronics, connectivity products, and others. Further, the company provides range of digital television, gaming, broadband, and telecommunication services under the Jio brand name; and non-banking financial and insurance broking services. Additionally, it operates news and entertainment platforms, and Network18 and television channels; publishes magazines; and offers highway hospitality and fleet management services. The company was founded in 1957 and is based in Mumbai, India.

Revenue projections:

Revenue projections for RELIANCE
Revenue projections for RELIANCE

RELIANCE is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.

Financial Ratios:

currentRatio 1.100000
forwardPE 21.249712
debtToEquity 36.605000
earningsGrowth 0.024000
revenueGrowth 0.105000
grossMargins 0.347260
operatingMargins 0.116120
trailingEps 51.110000
forwardEps 71.850000

RELIANCE's current ratio of 1.1 shows that the company has ample resources to service its short-term debt. This indicates a solid financial position, as RELIANCE can rely on its cash reserves and current assets to cover its immediate liabilities without strain.
With RELIANCE's Forward PE in a favorable range, the stock appears reasonably priced compared to its earnings. This suggests that it's not overpriced and there is room for growth, providing an encouraging opportunity for investors seeking future value increases.
RELIANCE's forward EPS is greater than its trailing EPS, indicating that the company is expected to deliver higher profitability this year. This suggests that RELIANCE is projected to improve its earnings, reflecting positive growth compared to last year's financial performance.

Price projections:

Price projections for RELIANCE
Price projections for RELIANCE

Over time, price projections for RELIANCE have risen steadily, pointing to growing optimism among analysts about the company's future. This upward trend suggests a positive outlook for RELIANCE's continued growth.

Recommendation changes over time:

Recommendations trend for RELIANCE
Recommendations trend for RELIANCE


A recent buy bias from analysts toward Reliance Industries Limited indicates strong confidence in the stock's future performance. This could encourage investors to park their money in Reliance Industries Limited, viewing it as a stable and potentially rewarding investment opportunity with promising long-term growth prospects.