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Reliance Communications Ltd

₹ 1.091.87%
07 Jan – close price
🔗rcom.co.in•BSE: 532712•NSE: RCOM
Market Cap₹ 301 Cr.
Current Price₹ 1.09
High / Low₹ 1.98
Stock P/Enull
Book Value₹ -267
Dividend Yield0.00 %
ROCEnull %
ROEnull %
Face Value₹ 5.00
Sales₹ 254 Cr.
OPM-53.9 %
Mar Cap₹ 301 Cr.

ABOUT

Incorporated in 2004, Reliance Communications Ltd own and operate IP enabled connectivity infrastructure comprising of fibre optic cable systems[1]

KEY POINTS

Business Overview:[1]RCOM together with its subsidiary Globalcom IDC Limited, is a telecommunication service provider with businesses including India Data Center Business and India National Long Distance business. RCOM conducts a substantial portion of its business through subsidiary companies, including GlobalcomIDC Limited and Reliance Infratel Limited

Also present in buckets:
Preferential IssuanceLarge Order ReceiptsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket 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 valueReturn on assets (%)Debt to equity
1.Bharti Airtel2084.2038.931253681.770.778650.8065.1152145.4025.7313.48194613.5056.0132200.306791.7010.095.351.77
2.Vodafone Idea11.46–124161.120.00-5524.2022.4911194.702.40-1.9344348.0042.10-25945.30-5561.80–-14.36–
3.Bharti Hexacom1780.7055.4989062.390.56421.2066.422317.3010.4717.449120.0051.411604.91421.2014.267.041.06
4.Tata Comm1799.9051.4151311.371.39183.21-18.246099.756.4914.7923848.0219.35998.02193.8718.015.224.68
5.Tata Tele. Mah.48.30–9422.860.00-320.822.90286.13-16.7050.321211.4248.68-1263.53-320.82–-98.17–
6.M T N L36.00–2266.740.00-960.20-7.85189.76-28.83-6.76688.90-65.41-3567.30-960.20–-31.75–
7.Reliance Communi1.09–301.440.00-2347.00-140.0064.00-3.03–254.00-53.94-233.00-96.00–-0.41–
–Median: 7 Co.48.351.4151311.370.0-320.822.92317.32.414.139120.042.1-233.0-96.014.26-0.411.77

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
83716576756185706484736664
Expenses
95851127876786887651211,09381136
Operating Profit
-12-14-47-2-1-1717-17-1-37-1,020-15-72
Other Income
-5,776-1,736-1,994-1,676-1,891-2,174-1,614-1,793-2,086-1,517-699-1,984-2,249
Profit before tax
-5,816-1,778-2,068-1,706-1,919-2,217-1,625-1,837-2,113-1,582-1,748-2,025-2,347
Tax %
0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit
-5,816-1,778-2,068-1,706-1,919-2,217-1,625-1,837-2,113-1,582-1,748-2,025-2,347
EPS in Rs
-21.03-6.43-7.48-6.17-6.94-8.02-5.88-6.64-7.64-5.72-6.32-7.32-8.49

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
11,17611,92511,1803,5372,2311,379818483345332290270254
Expenses
9,35910,2699,0535,21114,90010,94430,722603481404352334391
Operating Profit
1,8171,6562,127-1,674-12,669-9,565-29,904-120-136-72-62-64-137
Other Income
1,2693,30430903,00016,247-15,251-4,637-5,351-10,373-6,895-7,955-8,503
Interest
1,7961,6802,0490000000000
Depreciation
2,0481,9402,014216200277183132130116112106105
Profit before tax
-7581,340-1,627-1,890-9,8696,405-45,338-4,889-5,617-10,561-7,069-8,125-8,745
Net Profit
730-154-379-1,796-9,8702,847-45,338-4,889-5,617-10,561-7,069-8,125-8,745
EPS in Rs
3.54-0.62-1.52-7.22-35.6910.29-163.94-17.68-20.31-38.19-25.56-29.38-31.63
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:7%
5 Years:15%
3 Years:11%
TTM:-57%

Compounded Sales Growth

10 Years:-32%
5 Years:-20%
3 Years:-8%
TTM:-10%

Return on Equity

10 Years:%
5 Years:%
3 Years:%
Last Year:%

Stock Price CAGR

10 Years:-35%
5 Years:-12%
3 Years:-21%
1 Year:-42%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1,0321,2441,2441,2441,3831,3831,3831,3831,3831,3831,3831,3831,383
Reserves
30,73534,62726,20622,8407,93311,003-34,329-39,217-44,833-55,394-62,463-70,587-75,151
Borrowings
33,63331,75134,54938,00035,87639,92839,93339,93339,93439,93439,93439,93439,934
Other Liabilities
11,8647,73012,06111,80510,7579,76838,23042,68748,01654,37260,35468,33772,828
Total Liabilities
77,26475,35274,06073,88955,94962,08245,21744,78644,50040,29539,20839,06738,994
Fixed Assets
34,42332,33226,20228,5482,2301,6691,4951,3691,2761,1621,054949897
Gross Block
56,274.0057,687.0044,525.0049,283.005,715.004,767.004,617.004,792.004,829.004,831.004,835.004,837.00–
Accumulated Depreciation
21,851.0025,355.0018,323.0020,735.003,485.003,098.003,122.003,423.003,553.003,669.003,781.003,888.00–
CWIP
7316317,9701,19616098971006160555353
Investments
21,04222,42221,80221,68917,78426,74211,49611,49611,4967,4966,8576,8576,857
Other Assets
21,06819,96718,08622,45635,77533,57332,12931,82131,66731,57731,24231,20831,187
Total Assets
77,26475,35274,06073,88955,94962,08245,21744,78644,50040,29539,20839,06738,994

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
3,2873,3325,164-241-1,55427067-1247-461-9
Cash from Investing Activity
-343-4,391-5,2903163,97495-6-6-20-24107
Cash from Financing Activity
-3,0451,466-187249-2,528-327-1201000
Net Cash Flow
-101407-313324-1083849-1828-7011-2

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
6541381692744041131107990126127
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
6541381692744041131107990126127
Working Capital Days
-15272-343-1,712-1,034-4,594-21,021-39,011-60,463-69,841-87,936-105,288
ROCE %
2%0%1%-3%-18%-2%-101%-6%––––

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
5.18%5.18%1.85%1.85%1.85%1.85%1.85%1.85%1.85%0.78%0.78%0.78%
FIIs
0.15%0.14%0.14%0.11%0.11%0.11%0.07%0.07%0.07%0.07%0.07%0.07%
DIIs
4.66%4.40%4.40%4.40%4.40%4.39%4.39%4.38%4.38%4.38%4.38%4.38%
Public
89.22%89.50%92.81%92.83%92.84%92.84%92.90%92.90%92.89%93.96%93.97%93.97%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Adjudicating Authority Confirms Attachment of RCOM Assets

12th April 2026, 9:26 pm

Reliance Communications Announces Trading Window Closure

30th March 2026, 8:52 pm

CBI Searches Reliance Telecom Office Amidst Insolvency Proceedings

28th March 2026, 3:38 am

SBI Classifies Reliance Telecom Loan as Fraud; Subsidiary to be Reported to RBI

15th March 2026, 1:11 am

Canara Bank Classifies Reliance Communications & Subsidiary Accounts as Fraud; To Be Reported to RBI

7th March 2026, 6:14 am

Published by Other Websites

External media mentions & references

Supreme Court Rejects Anil Ambani's Plea on Bank Fraud Classification

16th April 2026, 2:11 pm

CBI Books Anil Ambani, RCom in Rs 2,929 Cr Bank Fraud Case

1st April 2026, 3:55 pm

Supreme Court Pushes for Faster RCOM Fraud Probe, Anil Ambani Scrutiny Mounts

23rd March 2026, 7:28 pm

Supreme Court Raps Agencies on Ambani Probe, Demands Action

23rd March 2026, 4:58 pm

Anil Ambani Faces Rs 2,929 Crore RCOM Fraud Probe, Insolvency Worsens

20th March 2026, 1:55 pm

News Articles

Editorial & research coverage

ADAG Faces ₹40K Crore Fraud Probe; SC Mandates 'Fair' Investigation
ADAG Faces ₹40K Crore Fraud Probe; SC Mandates 'Fair' Investigation

9th February 2026, 9:02 pm

ADAG Stocks Rally as SC Orders High-Level Fraud Probe
ADAG Stocks Rally as SC Orders High-Level Fraud Probe

4th February 2026, 12:52 pm

SC Demands SIT in RCOM Fraud Probe, Anil Ambani Faces Scrutiny
SC Demands SIT in RCOM Fraud Probe, Anil Ambani Faces Scrutiny

4th February 2026, 11:52 am

ED Nabs Ex-RCOM Exec in Rs 40K Cr Fraud Probe
ED Nabs Ex-RCOM Exec in Rs 40K Cr Fraud Probe

30th January 2026, 8:50 pm

Ex-RCOM Director Arrested in Rs 40,000 Cr Fraud Probe
Ex-RCOM Director Arrested in Rs 40,000 Cr Fraud Probe

30th January 2026, 8:19 pm

Documents

Announcements

Quarterly Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount On Loans From Banks / Financial Institutions And Unlisted Debt Securities
Closure of Trading Window
Frauds-Initial Disclosure

23 Dec - Central Bank declared RTL loan accounts fraudulent; Rs.18.40 crore involved; letter dated Dec 17, 2025.

Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

16 Dec - 68th Committee of Creditors meeting rescheduled from December 16 to December 19, 2025.

Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors

14 Dec - Reliance Communications' 68th Committee of Creditors meeting scheduled for December 16, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

17 Jul 2025 from icra

Rating update

6 Feb 2025 from care

Rating update

23 Jul 2024 from icra

Rating update

9 Feb 2024 from care

Rating update

27 Jul 2023 from icra

Rating update

27 Feb 2023 from care

Concalls

No concalls.

Stock Analysis

Description

  1. Reliance Communications Limited (RCOM) is a telecommunications company operating in India. It is currently undergoing a corporate insolvency resolution process.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Company is under Corporate Insolvency Resolution Process (CIRP) since June 2019.
  2. Numerous banks have classified loan accounts as 'Fraud' due to suspected fund diversion and irregular transactions.
  3. Ongoing investigations by the CBI, Directorate of Enforcement (ED), and Serious Fraud Investigation Office (SFIO).
  4. ED has issued Provisional Attachment Orders against subsidiaries and assets.
  5. Auditors have issued qualified opinions, citing material uncertainties regarding the going concern assumption and non-compliance with accounting standards.
  6. Resolution plans for RCOM and RTL are pending approval from the National Company Law Tribunal (NCLT).

Key Dates To Watch

  1. Financial Results for the quarter and half-year ended December 31, 2025 (announcement date not specified).
  2. Trading window reopens 48 hours after the announcement of Q3 FY26 financial results.
  3. Ongoing Committee of Creditors (CoC) meetings to discuss resolution progress.

Corporate Announcements

12th Apr 26
Impact Rating: 8
Reliance Communications (RCOM) disclosed that provisional attachment orders for its properties and those of its subsidiaries, Campion Properties and Reliance Realty, have been confirmed by the Adjudicating Authority on April 10, 2026.
30th Mar 26
Impact Rating: 5
Reliance Communications has announced a trading window closure for directors and designated persons from April 1, 2026. This restriction will last until 48 hours after the company declares its financial results for the quarter and year ended March 31, 2026. The company is under insolvency resolution.
27th Mar 26
Impact Rating: 6
Reliance Communications informed that its subsidiary, Reliance Telecom, underwent a CBI search and seizure operation on March 26, 2026. The company, undergoing insolvency, reiterated that this event is not expected to impact its business or financials.
14th Mar 26
Impact Rating: 9
SBI has declared Reliance Telecom's loan account as "fraud," and its name will be reported to the RBI. Both the subsidiary and its parent, Reliance Communications, are currently undergoing insolvency resolution.
7th Mar 26
Impact Rating: 8
Canara Bank declared accounts of Reliance Communications (RCOM) and its subsidiary Reliance Telecom (RTL) as 'fraud', directing their reporting to RBI, despite both companies being in CIRP.