RELIANCE.BO
Reliance Industries LimitedExplain this page
Arphra AIPlain-English read on Reliance Industries Limited’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
| In USD | FY 2026 |
|---|---|
| Headline | |
| Market cap | $18.19T |
| Enterprise value | $20.71T |
| Multiples | |
| P / E | — |
| P / B | — |
| EV / EBITDA | — |
| EV / Sales | 1.96 |
| EV / FCF | 39.93 |
| Yields | |
| Earnings yield | +4.44% |
| Free cash flow yield | +2.85% |
| Dividend yield | — |
Profitability
| In USD | FY 2026 |
|---|---|
| Margins | |
| Gross margin | +26.54% |
| Operating margin | +11.47% |
| EBITDA margin | +16.93% |
| EBIT margin | +11.47% |
| Pre-tax margin | +11.66% |
| Net margin | +7.64% |
| Cost structure | |
| Cost of revenue / sales | +73.46% |
| R&D intensity | 0.00% |
| SG&A intensity | +15.07% |
| Effective tax rate | +22.34% |
Returns on capital
| In USD | FY 2026 |
|---|---|
| Returns | |
| Return on equity (ROE) | +7.47% |
| Return on assets (ROA) | +3.71% |
| Return on capital (ROC) | +8.20% |
| Return on invested capital (ROIC) | +5.46% |
| Asset turnover | +48.54% |
| DuPont · ROE decomposition | |
| Net margin | +7.64% |
| Asset turnover (× revenue / assets) | +48.54% |
| Equity multiplier (× assets / equity) | +201.42% |
Activity & efficiency
| In USD | FY 2026 |
|---|---|
| Turnover | |
| Asset turnover | 0.49 |
| Fixed-asset turnover | 1.12 |
| Inventory turnover | 4.65 |
| Receivables turnover | 16.69 |
| Payables turnover | 4.89 |
| Days outstanding | |
| Days sales outstanding (DSO) | 21.88 |
| Days inventory outstanding (DIO) | 78.45 |
| Days payables outstanding (DPO) | 74.65 |
| Cash conversion cycle | 25.68 |
Cash flow quality
| In USD | FY 2026 |
|---|---|
| Operating CF / Net income | 2.16 |
| FCF / Net income | 0.64 |
| FCF margin | +4.90% |
| OCF margin | +16.53% |
| CapEx / Revenue | +11.63% |
| CapEx / D&A | 2.13 |
| Stock-based comp / Revenue | 0.00% |
Per-share & shareholder yield
| In USD | FY 2026 |
|---|---|
| EPS · diluted | 59.69 |
| EPS · basic | 59.69 |
| Book value / share | 799.11 |
| Tangible BV / share | 489.40 |
| Sales / share | 781.25 |
| Operating CF / share | 129.15 |
| Free cash flow / share | 38.32 |
| Dividends / share | 5.50 |
| Payout ratio | +9.21% |
| Retention ratio | +90.79% |
Growth
| In USD | FY 2026 | CAGR |
|---|---|---|
| Top-line | ||
| Revenue · YoY | — | — |
| Gross profit · YoY | — | — |
| Profit | ||
| Operating income · YoY | — | — |
| EBITDA · YoY | — | — |
| Net income · YoY | — | — |
| Operating | ||
| EBIT · YoY | — | — |
| R&D · YoY | — | — |
| Per-share | ||
| EPS · diluted · YoY | — | — |
| EPS · basic · YoY | — | — |
Credit & leverage
| In USD | FY 2026 |
|---|---|
| Leverage | |
| Total debt | $3.98T |
| Net debt | $2.52T |
| Net debt / EBITDA | 1.41 |
| Debt / equity | 0.37 |
| Debt / assets | +18.27% |
| Equity / assets | +49.65% |
| Coverage | |
| EBITDA / interest expense | 6.61 |
| Operating income / interest | 4.48 |
| Interest expense | $270.61B |
| Liquidity | |
| Current ratio | 1.10 |
| Quick ratio | 0.57 |
| Cash ratio | 0.27 |
| Working capital | $529.95B |
| Working capital / revenue | +5.01% |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 1.96x | 2.09x | 2.52x |
| Earnings yield | 4.4% | 4.1% | 3.5% |
| FCF yield | 2.9% | 0.8% | -1.0% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | 9.0% | 8.3% | 8.8% |
| ROA | 3.7% | 3.6% | 4.0% |
| ROIC | 5.4% | 5.3% | 5.7% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 1.41 | 1.73 | 1.48 |
| Interest coverage | — | — | — |
| Current ratio | 1.10x | 1.10x | 1.18x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).