ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Energy Minerals

Reliance Industries Ltd.

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.

 

Business Summary

Reliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. It operates through the following business segments: Refining, Petrochemicals, Oil and Gas, Organised Retail, Digital Services, Financial Services and Others. The Refining segment includes the production and marketing operations of the petroleum products. The Petrochemicals segment refers to the manufacture and marketing operations of petrochemical products. Oil and Gas segment consists of exploration, development and production of crude oil and natural gas. The Organised Retail segment comprises of organized retail business. The Digital Services segment refers to provision of digital services. The Financial Services segment comprises of management and deployment of identified resources of the Company to various activities including non-banking financial services, insurance broking. The Others segment engages in Media, SEZ development, and textile business. The company was founded by Dhirubhai Hirachand Ambani in 1966 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2020 INRUSD
Revenue5,958.87B84,039.02M
Gross Profit1,277.32B18,014.27M
Operating income625,670M8,823.93M
Income before tax534,990M7,545.06M
Net income393,540M5,550.16M
EBITDA847,700M11,955.26M
Diluted EPS62.890.88
Dividends Per Share6.500.09
Total Assets11,659.15B154,117.07M
Total liabilities7,045.68B93,133.68M
Total equity4,533.31B59,923.79M
Operating cash flow711,310M10,031.73M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,725.83B 3,039.54B 3,908.23B 5,683.37B 5,958.87B
Gross Profit 494,190M 543,310M 774,260M 1,157.54B 1,277.32B
Operating income 308,990M 356,690M 484,520M 655,380M 625,670M
Income before tax 385,010M 400,340M 494,260M 551,240M 534,990M
Net income 297,450M 299,010M 360,750M 395,880M 393,540M
EBITDA 424,640M 473,150M 651,580M 864,720M 847,700M
Diluted EPS 49.90 25.04 60.31 66.17 62.89
Dividends Per Share 5.20 5.44 5.94 6.43 6.50
Total Assets 5,989.97B 7,123.39B 8,163.48B 10,024.06B 11,659.15B
Total liabilities 3,640.85B 4,457.13B 5,193.03B 6,070.14B 7,045.68B
Total equity 2,315.56B 2,637.09B 2,935.06B 3,871.12B 4,533.31B
Operating cash flow 325,840M 380,850M 561,210M 204,810M 711,310M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 41,634.26M 45,327.66M 60,624.62M 81,257.51M 84,039.02M
Gross Profit 7,548.24M 8,102.20M 12,010.35M 16,549.83M 18,014.27M
Operating income 4,719.50M 5,319.20M 7,515.89M 9,370.24M 8,823.93M
Income before tax 5,880.63M 5,970.13M 7,666.98M 7,881.30M 7,545.06M
Net income 4,543.24M 4,459.03M 5,595.96M 5,660.06M 5,550.16M
EBITDA 6,485.94M 7,055.93M 10,107.33M 12,363.26M 11,955.26M
Diluted EPS 0.76 0.37 0.93 0.94 0.88
Dividends Per Share 0.07 0.08 0.09 0.09 0.09
Total Assets 90,452.18M 109,700.31M 125,165.10M 144,699.52M 154,117.07M
Total liabilities 54,979.04M 68,639.87M 79,621.20M 87,623.81M 93,133.68M
Total equity 34,966.36M 40,611.22M 45,001.28M 55,880.47M 59,923.79M
Operating cash flow 4,976.87M 5,679.49M 8,705.51M 2,928.25M 10,031.73M

Valuation Measures

Mar 2020
PER17.52
ROA3.62%
ROE9.36%
Operating margin10.49%
Profit margin6.60%

Key executives

  • Chairman & Managing Director: Mukesh Dhirubhai Ambani
  • Joint Chief Financial Officer: Srikanth Venkatachari
  • Joint Chief Financial Officer: Alok Agarwal
  • Group Secretary & Chief Compliance Officer: K. Sethuraman
  • Joint Secretary & Compliance Officer: Savithri Parekh

Shareholders

  • SRICHAKRA COMMERCIALS LLP (10.1%)
  • DEVARSHI COMMERCIALS LLP (7.5%)
  • KARUNA COMMERCIALS LLP (7.5%)
  • TATTVAM ENTERPRISES LLP (7.5%)
  • Reliance Industries Ltd. (6.3%)
  • Life Insurance Corp of India (5.4%)
  • Petroleum Trust (3.5%)
  • Capital Research & Management Co. (World Investors) (3.3%)
  • Fidelity Management & Research Co. LLC (2.0%)
  • SAMARJIT ENTERPRISES LLP (1.7%)

Contact Details

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

Related Companies

  • Relogistics (India) Pvt Ltd.
  • Fine Tech Commercials Pvt Ltd.
  • Reliance O2C Ltd.
  • Mountain Cable Network Ltd.
  • Media18 Distribution Services Ltd.
  • Marble Cable Network Pvt Ltd.
  • Mansion Cable Network Pvt Ltd.
  • M Entertainments Pvt Ltd.
  • Kishna DEN Cable Networks Pvt Ltd.
  • Kanhatech Solutions Ltd.
  • Kalamboli West Infra Ltd.
  • Kalamboli South Infra Ltd.
  • Kalamboli South First Infra Ltd.
  • Kalamboli North Third Infra Ltd.
  • Kalamboli North Second Infra Ltd.
  • Kalamboli North Infra Ltd.
  • Kalamboli North First Infra Ltd.
  • Kalamboli East Infra Ltd.
  • Jio Infrastructure Management Services Ltd.
  • Hamleys Asia Ltd.
  • Hathway Broadband Pvt Ltd.
  • Indradhanush Cable Network Pvt Ltd.
  • ITV Interactive Media Pvt Ltd.
  • Jhankar Cable Network Pvt Ltd.
  • Jio Digital Cableco Pvt Ltd.
  • Jio Estonia OU
  • Glimpse Communications Pvt Ltd.
  • Reliance Petroleum Retail Ltd.
  • Reliance Projects & Property Management Services Ltd.
  • Reliance Retail Insurance Broking Ltd.

Competitors

  • Indian Oil Corp. Ltd.
  • Formosa Chemicals & Fibre Corporation
  • Oil Refineries Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Vedanta Limited
  • Sify Technologies Limited Sponsored ADR
  • Aemetis, Inc.
  • Likhitha Infrastructure Ltd
Last Updated on 21 Oct, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more