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 21.774523
debtToEquity 36.605000
earningsGrowth 0.024000
revenueGrowth 0.105000
grossMargins 0.347260
operatingMargins 0.116120
trailingEps 51.460000
forwardEps 71.850000

With a current ratio 1.1, RELIANCE demonstrates the ability to service its short-term debt without difficulty. The company's strong cash reserves and current assets ensure that it can meet its liabilities, reflecting financial stability and healthy liquidity.
RELIANCE's Forward PE is in a favorable range, meaning its stock price compares well with its earnings and isn't overpriced. This leaves room for growth, making it a compelling opportunity for investors looking to benefit from potential future gains.
Reliance Industries Limited's forward EPS surpasses its trailing EPS, reflecting expectations of higher profitability in the current year. This suggests that Reliance Industries Limited is projected to generate stronger earnings, indicating an optimistic financial outlook compared to the prior year's results.

Price projections:

Price projections for RELIANCE
Price projections for RELIANCE

RELIANCE's price projections have gradually increased over time, indicating that analysts are becoming more optimistic about the company's prospects. This suggests confidence in RELIANCE's ability to achieve future growth.

Recommendation changes over time:

Recommendations trend for RELIANCE
Recommendations trend for RELIANCE


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