Asia300

Reliance Industries Ltd.

India

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Mar 28, 2017
Prev close: 1,245.65
Mar 28, 2017
Market cap:
Market cap(USD):
4,040.86B
62,076.42M
Shares: 3,243.98M

Currency in INR

Company profile

Market(Ticker): BOM(500325)
Sector:
Industry:
Energy Minerals
Oil Refining/Marketing
Full time employees: 24,121

Business summary

Reliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. It operates through the following segments: Petrochemicals, Refining, Oil and Gas, Organized Retail, and Others. The Refining segment includes production and marketing operations of the petroleum products. The Petrochemicals segment includes production and marketing operations of petrochemical products, including high and low density polyethylene, polypropylene, polyvinyl chloride, poly butadiene rubber, polyester yarn, polyester fibre, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, butadiene, acrylonitrile, caustic soda, and polyethylene terephthalate. The Oil and Gas segment includes exploration, development and production of crude oil and natural gas. The organized retail segment includes organized retail businesses. The Others segment comprises of textile, Special Economic Zone development, telecom and broadband, and media businesses. The company was founded by Dhirubhai Hirachand Ambani in 1966 and is headquartered in Mumbai, India.

Company background

Reliance Industries is the largest private-sector company in India. It is involved in the oil refining, petrochemical, gas, retail and textile businesses and boasts consolidated sales of more than $60 billion. It is a core unit of Reliance Group, which ranks alongside Tata and Birla among the country's major conglomerates.

Reliance Group was founded by Dhirubhai Ambani, who went into business in the 1950s. The company expanded into textiles in the 1960s and entered the petrochemical sector in the 1980s, amassing a fortune for Ambani.

After Ambani died in 2002, his sons Mukesh, the eldest, and Anil had a row over corporate policy. The group was divided in 2005 as Mukesh took over the petrochemical and textile operations while Anil took charge of the financial and telecommunications segments. Mukesh leads Reliance Industries as chairman and expanded its operations by pushing into retail and telecommunications services.

The Ambani family's roots lie in India's western state of Gujarat. After Narendra Modi, who served as chief minister of Gujarat for a long period, took power as the country's prime minister in May 2014, Mukesh quickly pledged 1.8 trillion rupees worth of capital investment over three years.

Mukesh, his family and group companies own nearly 40% in Reliance Industries. The chairman holds an MBA from Stanford University in the U.S. and is one of India's wealthiest individuals.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 2,751.28B
Gross profit 484,130M
Operating income 314,170M
Income before tax 357,680M
Net income 276,300M
EBITDA 443,330M
Diluted EPS 93.79
Dividends per share 10.5
Total assets 6,143.99B
Total liabilities 3,674.94B
Total equity 2,436.43B
Operating cash flow 343,860M

Currency in INR

Revenue 42,022.98M
Gross profit 7,394.59M
Operating income 4,798.62M
Income before tax 5,463.19M
Net income 4,220.19M
EBITDA 6,771.41M
Diluted EPS 1.43
Dividends per share 0.16
Total assets 92,777.97M
Total liabilities 55,493.82M
Total equity 36,791.57M
Operating cash flow 5,252.10M

Currency in USD

Valuation measures

Mar 2016

PER 11.14
ROA 4.90%
ROE 11.95%
Operating margin 11.41%
Profit margin 10.04%

Key executive

  • Chairman & Managing Director: Mukesh Dhirubhai Ambani
  • Chief Operating Officer: Vipul Shah
  • Joint Chief Financial Officer: Srikanth Venkatachari
  • Chief Financial Officer: Alok Agarwal
  • Chief Scientific Officer & Executive VP: Ajit Nazre

Share holders

  • DEVARSHI COMMERCIALS LLP(10.9%)
  • SRICHAKRA COMMERCIALS LLP(10.6%)
  • Life Insurance Corp. of India(8.7%)
  • KARUNA COMMERCIALS LLP(7.8%)
  • Reliance Industries Ltd.(7.7%)
  • TATTVAM ENTERPRISES LLP(6.6%)
  • Petroleum Trust(3.7%)
  • Farm Enterprises Ltd.(3.6%)
  • Capital Research & Management Co. (World Investors)(2.9%)
  • The Vanguard Group, Inc.(1.4%)

Address

  • Website: http://www.ril.com
  • Address: Maker Chambers-IV, 222, Nariman Point, Mumbai, 400021, India
  • Phone: +91.22.22785000

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