Whalesbook
Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate.
OIL-TO-CHEMICALS SEGMENT (~57% of revenues)[1]Under the segment, the company primarily refines crude oil to manufacture/ extract transportation fuels, polymers and elastomers, intermediates and polyesters. It has plants and manufacturing assets located across India in Jamnagar, Hazira, Dahej, Nagothane, Vadodara and others.It has a crude refining capacity of 1.4 million barrels per day. It also has the largest single site refinery complex globally.[2]It had a total throughput of ~77 million metric tonnes in FY22 out of which ~89% was meant for sale.[3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Reliance Industr | 1535.60 | 53.14 | 2077775.88 | 0.36 | 9129.00 | 18.36 | 126335.00 | -2.90 | 7.57 | 500019.00 | 11.58 | 39102.62 | 9129.00 | 3.72 | 3.53 | 0.37 |
| 2. | I O C L | 162.76 | 9.42 | 229781.27 | 1.84 | 8190.86 | 1388.14 | 178628.15 | 2.09 | 7.36 | 760253.58 | 6.85 | 24391.08 | 7817.55 | 1.17 | 2.47 | 0.74 |
| 3. | B P C L | 356.00 | 7.18 | 154537.04 | 2.81 | 6191.49 | 168.30 | 104946.27 | 2.10 | 16.22 | 441893.80 | 7.84 | 21520.07 | 6313.56 | 1.64 | 6.46 | 0.56 |
| 4. | H P C L | 447.95 | 6.84 | 95336.96 | 2.34 | 3859.30 | 2605.05 | 100855.60 | 0.90 | 10.52 | 431921.70 | 5.93 | 13929.32 | 3859.30 | 1.68 | 3.57 | 1.11 |
| 5. | M R P L | 156.73 | 26.54 | 27513.36 | 0.00 | 627.36 | 190.02 | 22648.57 | -9.29 | 4.38 | 86471.53 | 4.43 | 1036.63 | 627.36 | 2.06 | 0.17 | 0.81 |
| 6. | C P C L | 930.35 | 11.84 | 13850.30 | 0.54 | 719.19 | 213.49 | 16327.34 | 35.09 | 4.30 | 61314.05 | 3.70 | 1169.80 | 719.19 | 1.57 | 1.21 | 0.22 |
| 7. | Rajasthan Gases | 43.75 | 6.60 | 336.32 | 0.00 | 34.24 | – | 0.00 | – | -0.49 | 8.22 | 94.77 | 50.92 | 34.24 | 4.33 | -0.48 | 0.26 |
| – | Median: 9 Co. | 162.76 | 11.84 | 27513.36 | 0.36 | 719.19 | 179.16 | 22648.57 | 1.49 | 7.56 | 86471.53 | 6.85 | 1169.8 | 719.19 | 2.06 | 2.77 | 0.47 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 137,346 | 125,849 | 129,674 | 122,627 | 137,380 | 127,695 | 146,832 | 129,898 | 130,108 | 124,381 | 132,962 | 116,341 | 126,335 |
Expenses | 125,561 | 110,950 | 110,542 | 105,134 | 118,189 | 110,137 | 126,809 | 115,583 | 116,683 | 109,168 | 117,846 | 103,171 | 111,946 |
Operating Profit | 11,785 | 14,899 | 19,132 | 17,493 | 19,191 | 17,558 | 20,023 | 14,315 | 13,425 | 15,213 | 15,116 | 13,170 | 14,389 |
Other Income | 3,499 | 2,689 | 2,750 | 2,728 | 2,934 | 2,969 | 3,497 | 3,502 | 3,801 | 3,214 | 5,577 | 13,460 | 3,445 |
Profit before tax | 9,757 | 11,710 | 14,351 | 12,742 | 14,502 | 12,978 | 15,051 | 10,146 | 10,214 | 11,597 | 14,171 | 20,306 | 11,592 |
Tax % | 29% | 28% | 4% | 24% | 23% | 24% | 25% | 25% | 24% | 25% | 21% | 12% | 21% |
Net Profit | 6,915 | 8,373 | 13,806 | 9,627 | 11,208 | 9,924 | 11,283 | 7,611 | 7,713 | 8,721 | 11,217 | 17,904 | 9,129 |
EPS in Rs | 5.11 | 6.19 | 10.20 | 7.11 | 8.28 | 7.33 | 8.34 | 5.62 | 5.70 | 6.44 | 8.29 | 13.23 | 6.75 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 389,178 | 328,013 | 231,743 | 240,597 | 289,188 | 370,744 | 336,097 | 245,050 | 422,413 | 537,909 | 531,908 | 515,425 | 500,019 |
Expenses | 358,244 | 296,377 | 192,359 | 197,272 | 237,430 | 311,853 | 283,073 | 211,542 | 370,007 | 471,050 | 457,488 | 457,292 | 442,131 |
Operating Profit | 30,934 | 31,636 | 39,384 | 43,325 | 51,758 | 58,891 | 53,024 | 33,508 | 52,406 | 66,859 | 74,420 | 58,133 | 57,888 |
Other Income | 8,879 | 8,687 | 7,784 | 8,640 | 8,203 | 8,785 | 9,125 | 19,114 | 13,779 | 12,247 | 11,973 | 16,030 | 25,696 |
Interest | 3,206 | 2,367 | 2,562 | 2,723 | 4,656 | 9,751 | 12,105 | 16,211 | 9,123 | 12,633 | 13,430 | 10,054 | 8,393 |
Depreciation | 8,789 | 8,488 | 8,590 | 8,465 | 9,580 | 10,558 | 9,728 | 9,199 | 10,276 | 11,167 | 17,690 | 17,981 | 17,525 |
Profit before tax | 27,818 | 29,468 | 36,016 | 40,777 | 45,725 | 47,367 | 40,316 | 27,212 | 46,786 | 55,306 | 55,273 | 46,128 | 57,666 |
Net Profit | 21,984 | 22,719 | 27,384 | 31,425 | 33,612 | 35,163 | 30,903 | 31,944 | 39,084 | 44,190 | 42,042 | 35,262 | 46,971 |
EPS in Rs | 15.94 | 16.46 | 19.81 | 22.65 | 24.87 | 26.00 | 22.85 | 25.19 | 28.89 | 32.66 | 31.07 | 26.06 | 34.71 |
Dividend Payout % | 14% | 14% | 12% | 11% | 11% | 12% | 13% | 14% | 14% | 14% | 16% | 21% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3,232 | 3,236 | 3,240 | 3,251 | 6,335 | 6,339 | 6,339 | 6,445 | 6,765 | 6,766 | 6,766 | 13,532 | 13,532 |
Reserves | 193,859 | 212,940 | 250,758 | 285,062 | 308,312 | 398,983 | 384,876 | 468,038 | 464,762 | 472,312 | 508,330 | 529,555 | 544,964 |
Borrowings | 89,968 | 97,620 | 107,104 | 107,446 | 116,881 | 161,720 | 298,599 | 224,683 | 197,439 | 218,706 | 214,575 | 201,505 | 207,388 |
Other Liabilities | 80,524 | 83,989 | 120,572 | 150,987 | 185,997 | 208,703 | 281,885 | 174,507 | 209,708 | 224,876 | 229,972 | 277,809 | 302,764 |
Total Liabilities | 367,583 | 397,785 | 481,674 | 546,746 | 617,525 | 775,745 | 971,699 | 873,673 | 878,674 | 922,660 | 959,643 | 1,022,401 | 1,068,648 |
Fixed Assets | 109,406 | 114,563 | 147,543 | 154,578 | 200,964 | 203,188 | 306,478 | 306,833 | 239,626 | 282,301 | 299,630 | 311,047 | 314,432 |
Gross Block | 222,565 | 236,062 | 282,212 | 297,352 | 353,009 | 365,034 | 468,723 | 474,714 | 413,723 | 466,561 | 500,597 | 524,810 | – |
Accumulated Depreciation | 113,159 | 121,499 | 134,669 | 142,774 | 152,045 | 161,846 | 162,245 | 167,881 | 174,107 | 184,260 | 200,967 | 213,763 | – |
CWIP | 41,716 | 75,753 | 110,905 | 132,741 | 99,483 | 111,557 | 27,965 | 32,835 | 34,662 | 54,357 | 61,632 | 82,417 | 98,517 |
Investments | 86,062 | 112,573 | 157,250 | 192,450 | 225,222 | 331,683 | 491,823 | 347,285 | 408,797 | 351,141 | 370,063 | 390,360 | 412,681 |
Other Assets | 130,399 | 94,896 | 65,976 | 66,977 | 91,856 | 129,317 | 145,433 | 186,720 | 195,589 | 234,861 | 228,318 | 238,577 | 243,018 |
Total Assets | 367,583 | 397,785 | 481,674 | 546,746 | 617,525 | 775,745 | 971,699 | 873,673 | 878,674 | 922,660 | 959,643 | 1,022,401 | 1,068,648 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 42,160 | 35,285 | 43,447 | 51,450 | 62,000 | 29,191 | 77,533 | -512 | 67,491 | 55,340 | 73,998 | 79,392 |
Cash from Investing Activity | -64,013 | -55,998 | -41,223 | -54,949 | -59,109 | -53,949 | -143,583 | 74,257 | -45,315 | -8,678 | -38,292 | -28,106 |
Cash from Financing Activity | 5,530 | -940 | -6,903 | -1,639 | -1,914 | 25,795 | 70,767 | -76,657 | -6,035 | -7,369 | -27,465 | -38,063 |
Net Cash Flow | -16,323 | -21,653 | -4,679 | -5,138 | 977 | 1,037 | 4,717 | -2,912 | 16,141 | 39,293 | 8,241 | 13,223 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 5 | 6 | 8 | 13 | 12 | 8 | 6 | 12 | 16 | 10 | 11 |
Inventory Days | 47 | 50 | 63 | 75 | 71 | 60 | 58 | 78 | 52 | 77 | 79 | 84 |
Days Payable | 64 | 75 | 123 | 151 | 160 | 119 | 106 | 180 | 151 | 108 | 121 | 115 |
Cash Conversion Cycle | -6 | -19 | -54 | -67 | -76 | -48 | -40 | -96 | -87 | -15 | -32 | -20 |
Working Capital Days | -28 | -41 | -128 | -152 | -155 | -111 | -263 | -136 | -68 | -77 | -79 | -91 |
ROCE % | 11% | 10% | 11% | 10% | 12% | 11% | 9% | 6% | 8% | 10% | 10% | 8% |
Direct from BSE filings, auto-summarised
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