The Reliance Legacy: Pioneering Innovation Across Industries
After a humble beginning in polyester and textiles, Reliance Industries Limited (RIL) is now one of the biggest private-sector conglomerates in India. The company has a huge presence in sectors such as retail, telecommunications, energy, chemicals, etc.
With its headquarters in Mumbai, under Mukesh Ambani’s leadership, the company has grown in almost every sector. Let’s take a look at the company’s recent financial performance, stock prices, and future roadmap.
Reliance Industries Financial Analysis
A great achievement by Reliance Industries is that in 2007, it became the 1st Indian company to cross a market capitalization of $100 billion. As of 2023, RIL sits on the 88th rank in the Fortune Global 500 list which is a proud thing for India and budding investors in our nation.
In the following table, we have included the financial stats of the company for the year 2023. You can take a look and compare the stats on a quarter-by-quarter basis.
| Category | March 2023 | June 2023 | Sep 2023 | Dec 2023 |
| Sales | Rs. 2,12,834 Crores | Rs. 2,07,559 Crores | Rs. 2,31,886 Crores | Rs. 2,25,086 Crores |
| Expenses | Rs. 1,74,478 Crores | Rs. 1,69,466 Crores | Rs. 1,90,918 Crores | Rs. 1,84,430 Crores |
| Operating Profit | Rs. 38,356 Crores | Rs. 38,093 Crores | Rs. 40,968 Crores | Rs. 40,656 Crores |
| Basic Earning per Share | 29 | 24 | 26 | 26 |
Reliance Industries Price Analysis
Compared to the last closing price, As of March ‘24 Reliance share price is trading around Rs. 2800+.Go through the following Reliance share price chart for a better idea of its recent market trends.
The TTM P/E ratio of RIL is 25.11 as compared to 8.78 of the sector P/E. Around 29 analysts covered Reliance Industries, out of which 11 rated it as a strong buy, 11 gave it a buy rating, and 2 analysts gave it a sell rating. In the previous quarter, the company posted a profit of Rs. 17,265 Crores.
Should You Invest in Reliance Industries Stocks?
Analysts predict a 10% increase in Reliance Industries’ share price by March 2024, and it is expected to reach Rs. 3000 – Rs. 3100 by that time. The company is coming up with new disclosures like Jio IPO, Reliance Retail, and in the green energy sphere. Thus, if your investment goals are for the long term and if you can bear the short-term market volatility, Reliance can be an option to diversify your investment portfolio with exposure to such a large cap stock.
However, you should always consider a company’s financial health, leadership, and industry position to make a decision. With the company’s history and performance, you can make an informed decision.
Conclusion
Right from telecommunications to petrochemicals, Reliance Industries is one of the leading industrial names in India. Under Mukesh Ambani’s leadership, the company has reached new heights and continues to work for the welfare of Indian citizens. To start investing and stay updated with the stock market, download the Dhan app now.
