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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 segments: Oil to Chemicals (O2C), Oil & Gas, Retail, Digital Services, Financial Services, and Others. The O2C segment includes refining, petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel and bulk wholesale marketing. The Oil and Gas segment engages in the exploration, development and production of crude oil and natural gas. The Retail segment includes consumer retail and range of related services. The Digital Services segment includes provision of a range of digital services. The Financial Services segment comprises of management and deployment of identified resources of the firm to various activities including non-banking financial services and 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 2022 INRUSD
Revenue6,986.72B93,769.36M
Gross Profit1,472.31B19,759.99M
Operating income828,280M11,116.41M
Income before tax838,620M11,255.19M
Net income607,050M8,147.27M
EBITDA1,126.25B15,115.49M
Diluted EPS90.851.21
Dividends Per Share80.10
Total Assets14,996.65B197,910.26M
Total liabilities6,106.81B80,591.35M
Total equity7,794.85B102,868.36M
Operating cash flow902,570M12,113.46M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 3,908.23B 5,683.37B 5,966.79B 4,663.07B 6,986.72B
Gross Profit 774,260M 1,157.54B 1,285.24B 1,125.15B 1,472.31B
Operating income 484,520M 655,380M 633,590M 549,150M 828,280M
Income before tax 494,260M 551,240M 534,990M 549,450M 838,620M
Net income 360,750M 395,880M 393,540M 491,280M 607,050M
EBITDA 651,580M 864,720M 855,620M 814,870M 1,126.25B
Diluted EPS 60.31 66.17 62.46 75.20 90.85
Dividends Per Share 5.94 6.43 6.50 7 8
Total Assets 8,163.48B 10,024.06B 11,659.15B 13,212.12B 14,996.65B
Total liabilities 5,193.03B 6,070.14B 7,045.68B 5,217.80B 6,106.81B
Total equity 2,935.06B 3,871.12B 4,491.66B 7,001.72B 7,794.85B
Operating cash flow 561,210M 204,810M 678,880M 162,710M 902,570M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 60,624.62M 81,257.51M 84,150.71M 62,814.96M 93,769.36M
Gross Profit 12,010.35M 16,549.83M 18,125.97M 15,156.59M 19,759.99M
Operating income 7,515.89M 9,370.24M 8,935.63M 7,397.45M 11,116.41M
Income before tax 7,666.98M 7,881.30M 7,545.06M 7,401.49M 11,255.19M
Net income 5,595.96M 5,660.06M 5,550.16M 6,617.90M 8,147.27M
EBITDA 10,107.33M 12,363.26M 12,066.96M 10,976.89M 15,115.49M
Diluted EPS 0.93 0.94 0.88 1.01 1.21
Dividends Per Share 0.09 0.09 0.09 0.09 0.10
Total Assets 125,165.10M 144,699.52M 154,117.07M 180,706.37M 197,910.26M
Total liabilities 79,621.20M 87,623.81M 93,133.68M 71,365.51M 80,591.35M
Total equity 45,001.28M 55,880.47M 59,373.24M 95,764.75M 102,868.36M
Operating cash flow 8,705.51M 2,928.25M 9,574.36M 2,191.82M 12,113.46M

Valuation Measures

Mar 2022
PER28.62
ROA4.30%
ROE8.20%
Operating margin11.85%
Profit margin8.68%

Key executives

  • Chairman & Managing Director: Mukesh Dhirubhai Ambani
  • Joint Chief Financial Officer: Srikanth Venkatachari
  • Joint Chief Financial Officer: Alok Agarwal
  • Secretary & Compliance Officer: Savithri Parekh
  • Head-Corporate Affairs & Senior Executive VP: Anil Kumar Rajbanshi

Shareholders

  • SRICHAKRA COMMERCIALS LLP (10.9%)
  • Reliance Industries Ltd. (10.5%)
  • DEVARSHI COMMERCIALS LLP (8.0%)
  • Karuna Commercials LLP (8.0%)
  • Tattvam Enterprises LLP (8.0%)
  • Life Insurance Corporation of India (Investment Portfolio) (5.9%)
  • Petroleum Trust (3.5%)
  • Capital Research & Management Co. (World Investors) (2.4%)
  • SBI Funds Management Pvt Ltd. (1.8%)
  • SAMARJIT ENTERPRISES LLP (1.8%)

Contact Details

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

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Competitors

  • Formosa Chemicals & Fibre Corporation
  • Indian Oil Corp. Ltd.
  • Oil Refineries Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Vedanta Limited
  • Sify Technologies Limited Sponsored ADR
  • Aemetis, Inc.
  • Maxeon Solar Technologies, Ltd.
Last Updated on 17 Aug, 2022

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