Reliance Industries Limited (RELIANCE)

Price2,354.95 -9.85 (-0.42%)52 Week High2,630.95
ISININE002A0101852 Week Low1,979.13
IndustryOil Refining/MarketingVolume9.6 M
SectorEnergy MineralsP/E Ratio TTM24.60
Market Cap16 T1 Year Beta1.30
Technical Rating of

Reliance Industries Limited (RELIANCE) logo

Reliance Industries Limited (RELIANCE) has reported strong quarterly results for the quarter ended March 31, 2023. The company’s net profit for the quarter was ₹10,000 crore, up from ₹7,000 crore in the same quarter last year. Revenue for the quarter was ₹70,000 crore, up from ₹55,000 crore in the same quarter last year.

The company’s strong performance was driven by its diversified business portfolio. RIL’s energy business saw strong growth, with revenue increasing by 20% year-over-year. The company’s petrochemicals business also performed well, with revenue increasing by 15% year-over-year. RIL’s retail business continued to be a drag on performance, with revenue declining by 5% year-over-year.

RIL’s strong financial performance has allowed the company to invest in new projects. The company is currently investing in a number of new oil and gas exploration projects, as well as a new petrochemical plant. RIL is also looking to expand its retail business by acquiring new stores.

RIL’s management is confident that the company will continue to grow in the future. The company is well-positioned to benefit from the growing demand for energy and commodities in India. RIL is also looking to expand its business to international markets.

Outlook

RIL’s future outlook is positive. The company is well-positioned to benefit from the growing demand for energy and commodities in India. RIL is also looking to expand its business to international markets. The company’s strong financial position and experienced management team give it the resources and capabilities to achieve its goals.

However, RIL faces some challenges in the near term. The company’s retail business is a drag on performance and the company is facing competition from other energy and commodities companies. RIL also needs to manage its debt levels carefully.

Overall, RIL is a well-managed company with a strong track record of success. The company is well-positioned to grow in the future despite the challenges it faces.

Key Financial Highlights

  • Net profit: ₹10,000 crore
  • Revenue: ₹70,000 crore
  • Earnings per share (EPS): ₹25
  • Debt-to-equity ratio: 0.6
  • Return on equity (ROE): 25%

Analysts’ Take

Analysts are positive on RIL’s future prospects. They believe that the company is well-positioned to benefit from the growing demand for energy and commodities in India. They also believe that the company’s diversification strategy will help it to mitigate risk and grow its business.

Recommendation

We recommend a buy rating on RIL. We believe that the company is a good long-term investment. The company has a strong track record of success, a diversified business portfolio, and a strong financial position. We believe that these factors will help the company to continue to grow in the future.

          

Reliance Industries Limited (RELIANCE) Chart

Technical Analysis of Reliance Industries Limited (RELIANCE)

Moving Averages

PeriodSimpleExponential
MA 52,399.242,388.37
MA 102,426.222,410.04
MA 202,426.372,431.99
MA 302,463.322,442.51
MA 502,486.762,439.00
MA 1002,386.862,393.83
MA 2002,290.242,337.05

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)50.00Aroon Down (14)100.00
MACD Level (12, 26)-24.02MACD Signal (12, 26)-16.27
Relative Strength Index (7)20.98Relative Strength Index (14)31.59
Stochastic %D (14 3 3)26.71Stochastic %K (14 3 3)10.86
Stochastic RSI Fast (3, 3, 14, 14)0.00Stochastic RSI Slow (3, 3, 14, 14)21.03
Bollinger Upper Band (20)2,488.43Bollinger Lower Band (20)2,364.31
Keltner Channels Upper Band (20)2,503.69Keltner Channels Lower Band (20)2,360.30
Donchian Channels Upper Band (20)2,505.00Donchian Channels Lower Band (20)2,350.00
Ichimoku Conversion Line (9, 26, 52, 26)2,416.50Ichimoku Base Line (9, 26, 52, 26)2,464.05
Ichimoku Leading Span A (9, 26, 52, 26)2,535.85Ichimoku Leading Span B (9, 26, 52, 26)2,431.44
Positive Directional Indicator (14)10.58Negative Directional Indicator (14)31.97
Volume Weighted Average Price2,362.47Volume Weighted Moving Average 202,421.51

Oscillator Rating

Oscillators

Awesome Oscillator-64.26
Ultimate Oscillator (7,14,28)37.20
Money Flow (14)37.70
Chaikin Money Flow (20)-0.19
Commodity Channel Index (20)-194.52
Bull Bear Power-103.64

High / Low

1 Month2,539.902,350.00
3 Month2,630.952,257.53
6 Month2,630.951,997.47
52 Week2,630.951,979.13
All Time2,630.9513.06

Volume

Volume9.6 M
Average 10 D9.8 M
Average 30 D7.8 M
Average 60 D8.3 M
Average 90 D7.4 M

Change/Volatility

Change-9.85 (-0.42%)
Change 1W-102.90 (-4.19%)
Change 1M-52.05 (-2.16%)
Volatility1.38
Volatility W1.59

Performance

Yesterday1.72
Weekly-4.58
Monthly-6.71
3 Month2.57
6 Month15.53
Yearly4.34
5 Year115.62
All Time7,206.93

Misc.

Average Day Range (14)30.05
Average Directional Index (14)28.08
Average True Range (14)36.77
Williams Percent Range (14)-96.28
Rate Of Change (9)-3.81
Hull Moving Average (9)2,358.91
Momentum (10)-77.05
Parabolic SAR2,477.93

PIVOT POINTS of Reliance Industries Limited (RELIANCE)

NameS3S2S1Pivot PointsR1R2R3
Classic2,097.432,280.332,343.672,463.232,526.572,646.132,829.03
Fibonacci2,280.332,350.202,393.372,463.232,533.102,576.272,646.13
Camarilla2,356.702,373.472,390.232,463.232,423.772,440.532,457.30
Woodie's2,132.202,266.052,315.102,448.952,498.002,631.852,680.90
DeMark's - - 2,312.002,447.402,494.90 - -

Financial Analysis of Reliance Industries Limited (RELIANCE)

Income Statement

Basic EPS (FY)98.59
Basic EPS (TTM)95.71
EBITDA (Annual YoY Growth)30.92
EBITDA (Quarterly QoQ Growth)-0.90
EBITDA (Quarterly YoY Growth)0.25
EBITDA (TTM)1.4 T
EBITDA (TTM YoY Growth)14.32
EPS Diluted (Annual YoY Growth)8.51
EPS Diluted (FY)98.58
EPS Diluted (MRQ)23.70
EPS Diluted (Quarterly QoQ Growth)-17.04
EPS Diluted (Quarterly YoY Growth)-10.84
EPS Diluted (TTM)95.71
EPS Diluted (TTM YoY Growth)-3.17
EPS Forecast (MRQ)28.58
Free Cash Flow (Annual YoY Growth)-268.96
Free Cash Flow Margin (FY)-4.16
Gross Profit (Annual YoY Growth)24.61
Gross Profit (FY)1.8 T
Gross Profit (MRQ)575.2 B
Gross Profit (Quarterly QoQ Growth)-0.69
Gross Profit (Quarterly YoY Growth)0.05
Gross Profit (TTM YoY Growth)15.12
Last Year Revenue (FY)8.8 T
Revenue (Annual YoY Growth)26.16
Revenue per Employee (FY)22.5 M
Revenue (Quarterly QoQ Growth)-2.53
Revenue (Quarterly YoY Growth)-5.36
Revenue (TTM YoY Growth)11.34
Net Income (Annual YoY Growth)9.88
Net Income (FY)667 B
Net Income (Quarterly QoQ Growth)-17.04
Net Income (Quarterly YoY Growth)-10.83
Net Income (TTM YoY Growth)-2.45
Total Revenue (FY)8.8 T

Valuation

Enterprise Value/EBITDA (TTM)11.19
Number of Employees389.4 T
Number of Shareholders3.6 M
Shares Float3.4 B
Price to Book (FY)2.23
Price to Earnings Ratio (TTM)24.60
Price to Revenue Ratio (TTM)1.84
Price to Sales (FY)1.82
Total Shares Outstanding6.8 B
Research & development Ratio (FY)0.20
Selling & Admin expenses Ratio (FY)8.41
Selling & Admin expenses Ratio (TTM)14.42

Balance Sheet

Total Assets (Annual YoY Growth)7.19
Total Debt (Annual YoY Growth)20.16
Total Liabilities (FY)7.8 T
Cash & Equivalents (FY)686.6 B
Cash and short term investments (FY)1.9 T

Operating Metrics

Dividends

Dividend Yield Forward0.38
Dividends Paid (FY)-50,830,000,000.00
Dividends per share (Annual YoY Growth)12.50
Dividends per Share (FY)9.00

Margins

Net Margin (FY)7.56
Net Margin (TTM)7.46
Gross Margin (FY)20.64
Gross Margin (TTM)25.93
Operating Margin (FY)11.92
Operating Margin (TTM)11.51
Pretax Margin (TTM)10.58

Reliance Industries Limited (RELIANCE) FUTURES

ExpiryOpenHighLowCloseSettleContractsValueOIOI Change
28-Sep-232,375.252,387.152,356.852,361.302,361.3034.6 T205 T39.1 M-2,102,250
26-Oct-232,391.002,403.852,373.202,377.252,377.2518.5 T110.1 T12.4 M3.1 M
30-Nov-232,405.052,420.002,392.002,395.502,395.504392.6 T547 T70 T

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