Income Statement Reliance Industries Ltd

Equities

RELIANCE

INE002A01018

Oil & Gas Refining and Marketing

Market Closed - NSE India S.E. Other stock markets 12:05:09 05/06/2026 BST			5-day change	1st Jan Change
1,291.00 ^INR	-0.97%		-2.29%	-17.79%

06-04	India sees 'perfect complimentarity' with Venezuela in energy trade amid Gulf crisis	RE
06-01	Venezuela's oil exports rose to 1.25 million bpd in May, shipping data shows	RE

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Published financial data: RELIANCE INDUSTRIES LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	7,000B	8,778B	9,011B	9,647B	10,572B
Total Revenues	7,000B	8,778B	9,011B	9,647B	10,572B
Cost of Goods Sold, Total	4,749B	5,885B	5,853B	6,297B	6,887B
Gross Profit	2,250B	2,894B	3,157B	3,350B	3,686B
Selling General & Admin Expenses, Total	188B	249B	257B	286B	303B
Depreciation & Amortization - (IS)	298B	403B	508B	531B	577B
Other Operating Expenses	952B	1,217B	1,274B	1,410B	1,593B
Other Operating Expenses, Total	1,438B	1,869B	2,039B	2,227B	2,473B
Operating Income	812B	1,025B	1,118B	1,123B	1,213B
Interest Expense, Total	-144B	-190B	-218B	-221B	-241B
Interest And Investment Income	126B	113B	108B	129B	224B
Net Interest Expenses	-18.68B	-76.8B	-109B	-92.07B	-16.54B
Income (Loss) On Equity Invest.	2.8B	240M	3.87B	5.22B	1.44B
Currency Exchange Gains (Loss)	-5.69B	-9.52B	-12.92B	-18.58B	-27.88B
Other Non Operating Income (Expenses)	23.6B	3.32B	50.6B	47.74B	63.43B
EBT, Excl. Unusual Items	814B	942B	1,050B	1,065B	1,233B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-1.35B	-1.56B	-2.65B	-	-
EBT, Incl. Unusual Items	813B	940B	1,047B	1,065B	1,233B
Income Tax Expense	163B	204B	257B	252B	276B
Earnings From Continuing Operations	650B	737B	790B	813B	958B
Earnings Of Discontinued Operations	-	4.18B	-	-	-
Extraordinary Item & Accounting Change	28.36B	-	-	-	-
Net Income to Company	678B	741B	790B	813B	958B
Minority Interest	-71.4B	-73.86B	-93.99B	-117B	-150B
Net Income - (IS)	607B	667B	696B	696B	808B
Net Income to Common Incl Extra Items	607B	667B	696B	696B	808B
Net Income to Common Excl. Extra Items	579B	663B	696B	696B	808B
Per Share Items
Net EPS - Basic	46	49.3	51.45	51.47	59.69
Basic EPS - Continuing Operations	43.85	48.99	51.45	51.47	59.69
Basic Weighted Average Shares Outstanding	13.2B	13.53B	13.53B	13.53B	13.53B
Net EPS - Diluted	45.43	49.29	51.45	51.47	59.69
Diluted EPS - Continuing Operations	43.3	48.98	51.45	51.47	59.69
Diluted Weighted Average Shares Outstanding	13.36B	13.53B	13.53B	13.53B	13.53B
Normalized Basic EPS	33.16	38.05	41.55	40.59	45.88
Normalized Diluted EPS	32.75	38.05	41.55	40.59	45.88
Dividend Per Share	4	4.5	5	5.5	6
Payout Ratio	7.08	7.62	8.75	9.71	9.21
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	1,078B	1,383B	1,575B	1,605B	1,715B
EBITA	812B	1,025B	1,118B	1,123B	1,213B
EBIT	812B	1,025B	1,118B	1,123B	1,213B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	7,366B	9,030B	9,305B	9,981B	11,046B
Effective Tax Rate - (Ratio)	20.04	21.67	24.55	23.68	22.34
Total Current Taxes	31.61B	83.98B	136B	128B	97.36B
Total Deferred Taxes	131B	120B	121B	125B	178B
Normalized Net Income	438B	515B	562B	549B	621B
Interest Capitalized	48.73B	88.3B	152B	183B	161B
Interest on Long-Term Debt	10.18B	16.49B	16.51B	17.07B	20.06B
Non-Cash Pension Expense	40M	0	360M	350M	7.18B
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	362B	687B	972B	1,065B	1,460B
Short Term Investments	839B	1,087B	727B	602B	491B
Trading Asset Securities, Total	368B	208B	458B	626B	630B
Total Cash And Short Term Investments	1,569B	1,982B	2,157B	2,293B	2,581B
Accounts Receivable, Total	236B	284B	316B	421B	585B
Other Receivables	-	-	-	-	-
Notes Receivable	1.3B	1.76B	25.17B	51.82B	48.7B
Total Receivables	238B	286B	341B	473B	634B
Inventory	1,078B	1,400B	1,528B	1,461B	1,669B
Other Current Assets, Total	586B	585B	674B	766B	1,058B
Total Current Assets	3,470B	4,253B	4,701B	4,993B	5,942B
Gross Property Plant And Equipment	7,650B	9,118B	10,085B	11,350B	12,615B
Accumulated Depreciation	-1,965B	-2,240B	-2,500B	-2,822B	-3,181B
Net Property Plant And Equipment	5,685B	6,878B	7,585B	8,528B	9,434B
Long-term Investments	2,861B	1,171B	1,195B	1,237B	1,509B
Goodwill	130B	153B	150B	245B	285B
Other Intangibles, Total	2,188B	3,155B	3,454B	3,844B	3,906B
Loans Receivable Long-Term	15.88B	15.25B	8.99B	7.42B	8.26B
Deferred Tax Assets Long-Term	10.43B	15.49B	9.38B	4.08B	5.94B
Other Long-Term Assets, Total	636B	434B	457B	643B	691B
Total Assets	14,997B	16,074B	17,560B	19,501B	21,781B
Liabilities
Accounts Payable, Total	1,593B	1,472B	1,784B	1,868B	1,588B
Accrued Expenses, Total	41.41B	40.58B	34.93B	34.79B	39.26B
Short-term Borrowings	516B	823B	566B	813B	777B
Current Portion of Long-Term Debt	270B	485B	453B	293B	260B
Current Portion of Leases	26.62B	41.96B	41.05B	49.03B	73.81B
Current Income Taxes Payable	650M	1.15B	780M	3.34B	12.21B
Unearned Revenue Current, Total	21.72B	233B	279B	630B	1,722B
Other Current Liabilities	617B	861B	815B	846B	940B
Total Current Liabilities	3,087B	3,957B	3,974B	4,537B	5,413B
Long-Term Debt	1,877B	1,832B	2,227B	2,369B	2,708B
Long-Term Leases	130B	162B	174B	171B	162B
Deferred Tax Liability Non Current	496B	603B	722B	835B	980B
Other Non Current Liabilities	517B	1,231B	1,205B	1,493B	1,661B
Total Liabilities	6,107B	7,786B	8,302B	9,405B	10,923B
Common Stock, Total	67.65B	67.66B	67.66B	135B	135B
Additional Paid In Capital	1,148B	998B	998B	931B	931B
Retained Earnings	5,181B	5,590B	6,329B	6,852B	7,570B
Comprehensive Income and Other	1,398B	503B	540B	513B	404B
Total Common Equity	7,795B	7,159B	7,935B	8,432B	9,040B
Minority Interest	1,095B	1,130B	1,323B	1,664B	1,818B
Total Equity	8,890B	8,289B	9,258B	10,096B	10,859B
Total Liabilities And Equity	14,997B	16,074B	17,560B	19,501B	21,781B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.71B	13.53B	13.53B	13.53B	13.53B
ECS Total Common Shares Outstanding	12.71B	13.53B	13.53B	13.53B	13.53B
Book Value / Share	613.5	529.04	586.4	623.1	668.04
Tangible Book Value	5,477B	3,851B	4,331B	4,343B	4,849B
Tangible Book Value Per Share	431.06	284.58	320.07	320.91	358.34
Total Debt	2,820B	3,344B	3,461B	3,696B	3,980B
Net Debt	1,251B	1,362B	1,304B	1,403B	1,399B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.31B	2.63B	2.9B	7.33B	7.02B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1,095B	1,130B	1,323B	1,664B	1,818B
Equity Method Investments, Total	1,084B	136B	110B	103B	162B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	172B	138B	188B	129B	216B
Inventories - Work In Process, Total	340B	513B	589B	602B	664B
Inventories - Finished Goods, Total	413B	545B	528B	503B	548B
Inventories - Others	153B	204B	223B	226B	241B
Land - (BS)	502B	500B	537B	545B	560B
Buildings, Total	417B	622B	728B	957B	991B
Machinery, Total	5,655B	6,231B	6,622B	7,291B	8,197B
Full Time Employees	343K	389K	347K	403K	405K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	607B	667B	696B	696B	808B
Depreciation & Amortization - CF	298B	403B	508B	531B	577B
Depreciation & Amortization, Total	298B	403B	508B	531B	577B
(Gain) Loss From Sale Of Asset	400M	-600M	1.78B	1.35B	1.43B
(Gain) Loss on Sale of Investments - (CF)	-13.52B	12.14B	-19.21B	-15.57B	-29.46B
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-2.8B	-240M	-3.87B	-	-
Net Cash From Discontinued Operations	-	8.38B	-	-	-
Other Operating Activities, Total	210B	257B	341B	336B	440B
Change In Accounts Receivable	-142B	132B	-157B	-178B	-533B
Change In Inventories	-250B	-322B	-128B	31.34B	-208B
Change In Accounts Payable	399B	-6B	348B	384B	866B
Cash from Operations	1,107B	1,150B	1,588B	1,787B	1,921B
Capital Expenditure	-1,001B	-1,410B	-1,529B	-1,400B	-1,229B
Sale of Property, Plant, and Equipment	31.37B	91.86B	153B	23.43B	8.26B
Investment in Marketable and Equity Securities, Total	2.59B	294B	170B	-118B	30.99B
Other Investing Activities, Total	-134B	111B	63B	119B	179B
Cash from Investing	-1,101B	-912B	-1,143B	-1,375B	-1,011B
Short Term Debt Issued, Total	-	312B	-	246B	-
Long-Term Debt Issued, Total	593B	359B	696B	264B	389B
Total Debt Issued	593B	671B	696B	510B	389B
Short Term Debt Repaid, Total	-88.46B	-	-253B	-	-51.71B
Long-Term Debt Repaid, Total	-428B	-305B	-375B	-347B	-374B
Total Debt Repaid	-516B	-305B	-628B	-347B	-426B
Issuance of Common Stock	398B	400M	70M	220M	-
Common Dividends Paid	-42.97B	-50.83B	-60.89B	-67.66B	-74.43B
Common & Preferred Stock Dividends Paid	-42.97B	-50.83B	-60.89B	-67.66B	-74.43B
Other Financing Activities, Total	-259B	-212B	-173B	-414B	-404B
Cash from Financing	173B	105B	-166B	-319B	-515B
Miscellaneous Cash Flow Adjustments	9.41B	-17.66B	7.2B	-	-
Net Change in Cash	188B	325B	286B	92.77B	395B
Supplemental Items
Cash Interest Paid	263B	216B	372B	410B	400B
Cash Income Tax Paid (Refund)	37.97B	62.97B	120B	119B	96.08B
Levered Free Cash Flow	103B	-521B	-425B	7.76B	218B
Unlevered Free Cash Flow	193B	-402B	-289B	146B	369B
Change In Net Working Capital	-389B	36.04B	-33.22B	-312B	-263B
Net Debt Issued / Repaid	77.18B	367B	67.79B	163B	-36.89B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.6	4.12	4.15	3.79	3.67
Return on Total Capital	4.55	5.49	5.74	5.3	5.29
Return On Equity %	7.7	8.58	9.01	8.4	9.14
Return on Common Equity	7.82	8.87	9.23	8.51	9.25
Margin Analysis
Gross Profit Margin %	32.15	32.96	35.04	34.73	34.86
SG&A Margin	2.68	2.83	2.85	2.96	2.87
EBITDA Margin %	15.4	15.76	17.48	16.64	16.22
EBITA Margin %	11.61	11.67	12.4	11.64	11.47
EBIT Margin %	11.61	11.67	12.4	11.64	11.47
Income From Continuing Operations Margin %	9.29	8.39	8.77	8.43	9.06
Net Income Margin %	8.67	7.6	7.73	7.22	7.64
Net Avail. For Common Margin %	8.27	7.55	7.73	7.22	7.64
Normalized Net Income Margin	6.25	5.87	6.24	5.69	5.87
Levered Free Cash Flow Margin	1.47	-5.93	-4.71	0.08	2.06
Unlevered Free Cash Flow Margin	2.76	-4.58	-3.2	1.51	3.49
Asset Turnover
Asset Turnover	0.5	0.57	0.54	0.52	0.51
Fixed Assets Turnover	1.28	1.4	1.25	1.2	1.18
Receivables Turnover (Average Receivables)	32.82	33.71	30	26.16	21.02
Inventory Turnover (Average Inventory)	5.01	4.75	4	4.21	4.4
Short Term Liquidity
Current Ratio	1.12	1.07	1.18	1.1	1.1
Quick Ratio	0.58	0.57	0.62	0.6	0.59
Operating Cash Flow to Current Liabilities	0.36	0.29	0.4	0.39	0.35
Days Sales Outstanding (Average Receivables)	11.12	10.83	12.2	13.95	17.37
Days Outstanding Inventory (Average Inventory)	72.8	76.84	91.53	86.61	82.95
Average Days Payable Outstanding	97.7	90.12	99.61	106.97	88.9
Cash Conversion Cycle (Average Days)	-13.78	-2.44	4.13	-6.41	11.42
Long Term Solvency
Total Debt/Equity	31.72	40.34	37.39	36.61	36.65
Total Debt / Total Capital	24.08	28.75	27.21	26.8	26.82
LT Debt/Equity	22.58	24.06	25.94	25.16	26.43
Long-Term Debt / Total Capital	17.14	17.14	18.88	18.42	19.34
Total Liabilities / Total Assets	40.72	48.43	47.28	48.23	50.15
EBIT / Interest Expense	5.63	5.41	5.13	5.08	5.04
EBITDA / Interest Expense	7.69	7.53	7.47	7.48	7.44
(EBITDA - Capex) / Interest Expense	0.75	0.09	0.45	1.15	2.33
Total Debt / EBITDA	2.54	2.34	2.13	2.23	2.22
Net Debt / EBITDA	1.13	0.95	0.8	0.85	0.78
Total Debt / (EBITDA - Capex)	25.89	186.5	35.6	14.51	7.1
Net Debt / (EBITDA - Capex)	11.49	75.95	13.41	5.51	2.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	49.91	26.13	2.65	7.06	9.59
Gross Profit, 1 Yr. Growth %	29.17	29.77	9.11	6.11	10.02
EBITDA, 1 Yr. Growth %	34.65	26.89	10.3	-1.07	3.64
EBITA, 1 Yr. Growth %	51.83	29.33	9.07	0.81	7.97
EBIT, 1 Yr. Growth %	51.83	29.33	9.07	0.81	7.97
Earnings From Cont. Operations, 1 Yr. Growth %	35.16	16.29	7.26	2.9	17.77
Net Income, 1 Yr. Growth %	23.56	9.88	4.38	0.04	15.98
Normalized Net Income, 1 Yr. Growth %	64.77	21.1	9.19	-2.02	13.04
Diluted EPS Before Extra, 1 Yr. Growth %	30.1	16.46	5.03	0.04	15.97
Accounts Receivable, 1 Yr. Growth %	24.33	20.34	11.18	33.18	38.86
Inventory, 1 Yr. Growth %	31.96	29.9	9.12	-4.39	14.29
Net Property, Plant and Equip., 1 Yr. Growth %	8.86	20.98	10.28	12.44	10.62
Total Assets, 1 Yr. Growth %	13.51	7.19	9.24	11.06	11.69
Tangible Book Value, 1 Yr. Growth %	-1.35	-29.69	12.47	0.27	11.67
Common Equity, 1 Yr. Growth %	11.33	-8.16	10.84	6.27	7.21
Cash From Operations, 1 Yr. Growth %	310.47	3.96	38.04	12.54	7.5
Capital Expenditures, 1 Yr. Growth %	-5.38	40.78	8.44	-8.45	-12.18
Levered Free Cash Flow, 1 Yr. Growth %	-105.34	-676.55	-18.45	-101.82	6.36K
Unlevered Free Cash Flow, 1 Yr. Growth %	-110.63	-322.83	-28.26	-150.17	160.28
Dividend Per Share, 1 Yr. Growth %	14.29	12.5	11.11	10	9.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.23	37.11	13.78	4.83	8.32
Gross Profit, 2 Yr. CAGR %	9.41	28.87	18.99	7.6	8.04
EBITDA, 2 Yr. CAGR %	9.75	31.43	20.19	6.02	2.81
EBITA, 2 Yr. CAGR %	9.86	38.39	18.77	4.69	4.33
EBIT, 2 Yr. CAGR %	9.86	38.39	18.77	4.69	4.33
Earnings From Cont. Operations, 2 Yr. CAGR %	21.11	23.76	11.69	5.06	10.08
Net Income, 2 Yr. CAGR %	24.2	16.52	7.09	2.18	7.71
Normalized Net Income, 2 Yr. CAGR %	10.37	39.24	14.99	3.28	5.24
Diluted EPS Before Extra, 2 Yr. CAGR %	11.09	21.31	10.6	2.5	7.71
Accounts Receivable, 2 Yr. CAGR %	9.67	22.32	15.67	21.68	35.99
Inventory, 2 Yr. CAGR %	20.76	30.93	19.06	2.14	4.54
Net Property, Plant and Equip., 2 Yr. CAGR %	7.17	14.76	15.5	11.35	11.53
Total Assets, 2 Yr. CAGR %	13.41	10.3	8.21	10.14	11.37
Tangible Book Value, 2 Yr. CAGR %	34.57	-16.72	-11.07	6.19	5.81
Common Equity, 2 Yr. CAGR %	31.73	1.11	0.89	8.53	6.74
Cash From Operations, 2 Yr. CAGR %	7.99	106.57	19.79	24.64	9.99
Capital Expenditures, 2 Yr. CAGR %	14.4	15.42	23.56	-0.36	-10.33
Levered Free Cash Flow, 2 Yr. CAGR %	-36.4	-48.05	116.83	-87.8	-28.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	-28.58	-52.96	26.44	-39.76	12.55
Dividend Per Share, 2 Yr. CAGR %	10.94	13.39	11.8	10.55	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.14	13.68	24.5	11.5	6.39
Gross Profit, 3 Yr. CAGR %	9.36	15.46	21.92	14.53	8.4
EBITDA, 3 Yr. CAGR %	8.04	15.61	25.29	13.76	6.29
EBITA, 3 Yr. CAGR %	7.96	15.04	27.84	12.33	5.77
EBIT, 3 Yr. CAGR %	7.96	15.04	27.84	12.33	5.77
Earnings From Cont. Operations, 3 Yr. CAGR %	17.73	18.45	18	8.68	9.13
Net Income, 3 Yr. CAGR %	15.32	19.23	12.32	4.69	6.59
Normalized Net Income, 3 Yr. CAGR %	8.45	12.75	28.4	8.91	6.44
Diluted EPS Before Extra, 3 Yr. CAGR %	9.04	11.76	15.62	6.96	6.81
Accounts Receivable, 3 Yr. CAGR %	-7.73	13.11	18.49	21.23	27.16
Inventory, 3 Yr. CAGR %	16.85	23.74	23.21	10.66	6.04
Net Property, Plant and Equip., 3 Yr. CAGR %	7.92	11.59	13.25	14.47	11.11
Total Assets, 3 Yr. CAGR %	14.37	11.3	9.95	9.15	10.66
Tangible Book Value, 3 Yr. CAGR %	27.93	8.39	-7.94	-7.44	7.99
Common Equity, 3 Yr. CAGR %	26.28	16.81	4.26	2.65	8.09
Cash From Operations, 3 Yr. CAGR %	37.74	6.63	80.6	17.32	18.64
Capital Expenditures, 3 Yr. CAGR %	2.27	22.6	13.04	11.81	-4.47
Levered Free Cash Flow, 3 Yr. CAGR %	-50.05	26.94	-39.62	-55.88	-25.17
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.83	2.04	-45.85	-6.84	-2.88
Dividend Per Share, 3 Yr. CAGR %	7.17	11.46	12.62	11.2	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.22	16.55	9.62	10.05	17.76
Gross Profit, 5 Yr. CAGR %	19.31	18.43	12.91	12.25	16.17
EBITDA, 5 Yr. CAGR %	18.24	16.54	13	12.39	16.45
EBITA, 5 Yr. CAGR %	18.34	16.56	11.6	10.78	17.78
EBIT, 5 Yr. CAGR %	18.34	16.56	11.6	10.78	17.78
Earnings From Cont. Operations, 5 Yr. CAGR %	16.86	15.35	14.68	12.9	14.76
Net Income, 5 Yr. CAGR %	15.21	13.08	11.95	12.09	10.46
Normalized Net Income, 5 Yr. CAGR %	11.71	11.22	10.38	8.86	18.51
Diluted EPS Before Extra, 5 Yr. CAGR %	11.36	9.98	9.03	7.96	12.39
Accounts Receivable, 5 Yr. CAGR %	23.65	10.14	1	16.47	25.2
Inventory, 5 Yr. CAGR %	17.1	18.14	17.72	14.6	15.37
Net Property, Plant and Equip., 5 Yr. CAGR %	6.2	7.36	10.89	11.49	12.55
Total Assets, 5 Yr. CAGR %	16.05	14.51	11.87	10.84	10.52
Tangible Book Value, 5 Yr. CAGR %	27.71	15.81	10.61	7.5	-2.67
Common Equity, 5 Yr. CAGR %	24.2	19.52	15.44	13.42	5.24
Cash From Operations, 5 Yr. CAGR %	17.43	9.99	30.26	13.5	48.11
Capital Expenditures, 5 Yr. CAGR %	5.1	13.77	10.3	12.84	3.04
Levered Free Cash Flow, 5 Yr. CAGR %	1.79	22.49	-12.46	-50.25	-35.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	21	22.88	-16.96	-17.36	-27.32
Dividend Per Share, 5 Yr. CAGR %	7.78	8.45	9	11.1	11.38