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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 2021 INRUSD
Revenue4,663.07B62,814.96M
Gross Profit1,125.15B15,156.59M
Operating income549,150M7,397.45M
Income before tax549,450M7,401.49M
Net income491,280M6,617.90M
EBITDA814,870M10,976.89M
Diluted EPS75.201.01
Dividends Per Share70.09
Total Assets13,212.12B180,706.37M
Total liabilities5,217.80B71,365.51M
Total equity7,001.72B95,764.75M
Operating cash flow162,710M2,191.82M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 3,039.54B 3,908.23B 5,683.37B 5,966.79B 4,663.07B
Gross Profit 543,310M 774,260M 1,157.54B 1,285.24B 1,125.15B
Operating income 356,690M 484,520M 655,380M 633,590M 549,150M
Income before tax 400,340M 494,260M 551,240M 534,990M 549,450M
Net income 299,010M 360,750M 395,880M 393,540M 491,280M
EBITDA 473,150M 651,580M 864,720M 855,620M 814,870M
Diluted EPS 25.04 60.31 66.17 62.46 75.20
Dividends Per Share 5.44 5.94 6.43 6.50 7
Total Assets 7,123.39B 8,163.48B 10,024.06B 11,659.15B 13,212.12B
Total liabilities 4,457.13B 5,193.03B 6,070.14B 7,045.68B 5,217.80B
Total equity 2,637.09B 2,935.06B 3,871.12B 4,491.66B 7,001.72B
Operating cash flow 380,850M 561,210M 204,810M 678,880M 162,710M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 45,327.66M 60,624.62M 81,257.51M 84,150.71M 62,814.96M
Gross Profit 8,102.20M 12,010.35M 16,549.83M 18,125.97M 15,156.59M
Operating income 5,319.20M 7,515.89M 9,370.24M 8,935.63M 7,397.45M
Income before tax 5,970.13M 7,666.98M 7,881.30M 7,545.06M 7,401.49M
Net income 4,459.03M 5,595.96M 5,660.06M 5,550.16M 6,617.90M
EBITDA 7,055.93M 10,107.33M 12,363.26M 12,066.96M 10,976.89M
Diluted EPS 0.37 0.93 0.94 0.88 1.01
Dividends Per Share 0.08 0.09 0.09 0.09 0.09
Total Assets 109,700.31M 125,165.10M 144,699.52M 154,117.07M 180,706.37M
Total liabilities 68,639.87M 79,621.20M 87,623.81M 93,133.68M 71,365.51M
Total equity 40,611.22M 45,001.28M 55,880.47M 59,373.24M 95,764.75M
Operating cash flow 5,679.49M 8,705.51M 2,928.25M 9,574.36M 2,191.82M

Valuation Measures

Mar 2021
PER26.23
ROA3.95%
ROE8.54%
Operating margin11.77%
Profit margin10.53%

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

  • Reliance Industries Ltd. (11.3%)
  • SRICHAKRA COMMERCIALS LLP (10.8%)
  • DEVARSHI COMMERCIALS LLP (8.0%)
  • Karuna Commercials LLP (8.0%)
  • Tattvam Enterprises LLP (8.0%)
  • Life Insurance Corp of India (6.0%)
  • Capital Research & Management Co. (World Investors) (3.0%)
  • Fidelity Management & Research Co. LLC (2.0%)
  • 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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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.
  • Likhitha Infrastructure Ltd
Last Updated on 27 Jul, 2021

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