Asia300

Reliance Industries Ltd.

India

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Sep 22, 2017
Prev close: 817.5
Sep 22, 2017
Market cap:
Market cap(USD):
5,176.86B
79,902.2M
Shares: 6,332.55M

Currency in INR

Company profile

Market(Ticker): BOM(500325)
Sector:
Industry:
Energy Minerals
Oil Refining/Marketing
Full time employees: 24,167

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 2017

  • Local currency
  • US Dollar
Revenue 3,039.54B
Gross profit 539,910M
Operating income 353,290M
Income before tax 401,420M
Net income 299,010M
EBITDA 469,750M
Diluted EPS 50.57
Dividends per share 5.5
Total assets 7,068.02B
Total liabilities 4,401.76B
Total equity 2,637.09B
Operating cash flow 380,850M

Currency in INR

Revenue 45,327.66M
Gross profit 8,051.50M
Operating income 5,268.49M
Income before tax 5,986.24M
Net income 4,459.03M
EBITDA 7,005.22M
Diluted EPS 0.75
Dividends per share 0.08
Total assets 108,847.61M
Total liabilities 67,787.17M
Total equity 40,611.22M
Operating cash flow 5,679.49M

Currency in USD

Valuation measures

Mar 2017

PER 13.01
ROA 4.57%
ROE 12.07%
Operating margin 11.62%
Profit margin 9.83%

Key executive

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

Share holders

  • DEVARSHI COMMERCIALS LLP(22.4%)
  • SRICHAKRA COMMERCIALS LLP(10.8%)
  • Life Insurance Corp. of India(8.0%)
  • KARUNA COMMERCIALS LLP(8.0%)
  • Reliance Industries Ltd.(7.9%)
  • Petroleum Trust(7.6%)
  • TATTVAM ENTERPRISES LLP(6.8%)
  • Capital Research & Management Co. (World Investors)(4.2%)
  • The Vanguard Group, Inc.(1.8%)
  • BlackRock Fund Advisors(1.2%)

Address

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

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