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 2023	INR	USD
Revenue	8,794.68B	109,432.74M
Gross Profit	2,249.75B	27,993.77M
Operating income	1,025.89B	12,765.21M
Income before tax	948,440M	11,801.49M
Net income	667,020M	8,299.77M
EBITDA	1,429.08B	17,782.13M
Diluted EPS	98.59	1.22
Dividends Per Share	--	--
Total Assets	17,135.06B	208,500.10M
Total liabilities	7,793.44B	94,830.89M
Total equity	8,211.53B	99,918.22M
Operating cash flow	1,045.05B	13,003.62M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	5,683.37B	5,966.79B	4,663.07B	6,986.72B	8,794.68B
Gross Profit	1,157.54B	1,285.24B	1,125.15B	1,472.31B	2,249.75B
Operating income	655,380M	633,590M	549,150M	828,280M	1,025.89B
Income before tax	551,240M	534,990M	549,450M	838,620M	948,440M
Net income	395,880M	393,540M	491,280M	607,050M	667,020M
EBITDA	864,720M	855,620M	814,870M	1,126.25B	1,429.08B
Diluted EPS	66.17	62.46	75.20	90.85	98.59
Dividends Per Share	6.43	6.50	7	8	--
Total Assets	10,024.06B	11,659.15B	13,212.12B	14,996.65B	17,135.06B
Total liabilities	6,070.14B	7,045.68B	5,217.80B	6,106.81B	7,793.44B
Total equity	3,871.12B	4,491.66B	7,001.72B	7,794.85B	8,211.53B
Operating cash flow	204,810M	678,880M	162,710M	902,570M	1,045.05B

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	81,257.51M	84,150.71M	62,814.96M	93,769.36M	109,432.74M
Gross Profit	16,549.83M	18,125.97M	15,156.59M	19,759.99M	27,993.77M
Operating income	9,370.24M	8,935.63M	7,397.45M	11,116.41M	12,765.21M
Income before tax	7,881.30M	7,545.06M	7,401.49M	11,255.19M	11,801.49M
Net income	5,660.06M	5,550.16M	6,617.90M	8,147.27M	8,299.77M
EBITDA	12,363.26M	12,066.96M	10,976.89M	15,115.49M	17,782.13M
Diluted EPS	0.94	0.88	1.01	1.21	1.22
Dividends Per Share	0.09	0.09	0.09	0.10	--
Total Assets	144,699.52M	154,117.07M	180,706.37M	197,910.26M	208,500.10M
Total liabilities	87,623.81M	93,133.68M	71,365.51M	80,591.35M	94,830.89M
Total equity	55,880.47M	59,373.24M	95,764.75M	102,868.36M	99,918.22M
Operating cash flow	2,928.25M	9,574.36M	2,191.82M	12,113.46M	13,003.62M

Valuation Measures

Mar 2023
PER	23.64
ROA	4.15%
ROE	8.33%
Operating margin	11.66%
Profit margin	7.58%

Key executives

Chairman & Managing Director: Mukesh Dhirubhai Ambani
President: Ajay Sardana
Joint Chief Financial Officer: Alok Agarwal
Joint Chief Financial Officer: Srikanth Venkatachari
Secretary & Compliance Officer: Savithri Parekh

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) (6.3%)
Capital Research & Management Co. (World Investors) (2.1%)
SBI Funds Management Pvt Ltd. (1.9%)
SAMARJIT ENTERPRISES LLP (1.8%)
The Vanguard Group, Inc. (1.5%)

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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Last Updated on 26 May, 2023