Refines crude oil into transportation fuels and produces petrochemicals at its Oil to Chemicals (O2C) complex, which generated Rs 6,62,401 crore of segment revenue in FY26 and around 70% of ethylene capacity is run on ethane cracking. Upstream Oil and Gas operations contributed Rs 23,861 crore of segment revenue from domestic production including the KGD6 field and CBM gas. The Retail business runs physical stores and digital commerce across grocery, fashion, electronics and FMCG, with FMCG revenue doubling year-on-year to Rs 8,600 crore in Q1 FY27, distributed through 5,000+ distributors and 3M+ outlets. Digital Services is anchored by Jio, which has 533 million subscribers including 285 million on 5G, and Q1 FY27 digital services revenue of Rs 39,173 crore carried a 53.3% EBITDA margin; JioStar's media business added 530 million users across platforms. The New Energy build-out targets 20 GW of solar PV capacity by FY30 and 120 GWh of battery capacity, with a 168 MW data centre joint venture with Meta commissioned at Jamnagar. Materials, dominated by crude oil and feedstock, were 41.2% of FY26 revenue and remain the largest cost line, followed by other operating expenses at 16.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oil to Chemicals (O2C) (50%), Retail (28%), Digital Services (13%), Others (6%), Oil and Gas (2%). Diversified, capital-heavy conglomerate spanning cyclical refining and petrochemicals, consumer-facing retail and digital services, plus a new energy build-out.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7,21,634 | 8,92,944 | 9,14,472 | 9,80,136 | 10,75,675 |
| EBITDA (ex other income) | 1,13,296 | 1,42,908 | 1,62,233 | 1,65,444 | 1,78,949 |
| margin % | 15.7 | 16.0 | 17.7 | 16.9 | 16.6 |
| Owners' profit | 60,705 | 66,702 | 69,621 | 69,648 | 80,775 |
| EPS, as reported (₹) | 92.00 | 98.59 | 102.90 | 51.47 | 59.69 |
| ROE % · ROCE % | 7.6 · 8.3 | 7.9 · 8.7 | 8.5 · 9.4 | 8.1 · 8.7 | 8.8 · 9.2 |
| Debt / equity (x) | 0.30 | 0.34 | 0.35 | 0.34 | 0.34 |
| Cash from operations | 1,10,654 | 1,15,032 | 1,58,788 | 1,78,703 | 1,92,113 |
| Capex | (1,00,145) | (1,40,988) | (1,52,883) | (1,39,967) | (1,22,916) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,35,481 | 2,43,865 | 2,64,573 | 2,48,660 | 2,58,898 | 2,69,496 | 2,98,621 | 3,11,850 |
| Profit before tax | 25,037 | 28,643 | 29,103 | 37,146 | 29,124 | 29,697 | 27,195 | 30,630 |
| Net profit | 19,323 | 21,930 | 22,611 | 30,783 | 22,092 | 22,290 | 20,589 | 23,196 |
| EPS (₹) | 24.48 | 13.70 | 14.34 | 19.95 | 13.42 | 13.78 | 12.54 | 15.48 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Oil to Chemicals (O2C) | 6,62,401 | 50.4 |
| Oil and Gas | 23,861 | 1.8 |
| Retail | 3,71,085 | 28.2 |
| Digital Services | 1,76,164 | 13.4 |
| Others | 80,522 | 6.1 |
| Total, before eliminations | 13,14,033 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · RIL executives to attend Jefferies India Forum 2026 on Sept 17 | board shareholder meetings | low | — | — |
| 10 Sept 2026 · RIL executives attended UBS India Summit 2026 in Mumbai | investor communications | low | — | — |
| 9 Sept 2026 · RIL gets AAA Stable rating reaffirmed by CARE and CRISIL on debt plans | credit debt | medium | — | — |
| 7 Sept 2026 · Reliance executives to attend UBS India Summit 2026 on Sep 10 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Reliance executives to meet investors at UBS India Summit | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Step-down subsidiary Roptonal Limited dissolved | strategic transactions | low | — | — |
| 28 Aug 2026 · Reliance Group denies Subhash Chandra's allegations on media entities | compliance | low | — | — |
| 28 Aug 2026 · Jio Platforms gets SEBI observation letter on DRHP for proposed IPO | capital market events | high | — | — |
| 28 Aug 2026 · Jio Platforms receives SEBI observation letter on DRHP for proposed IPO | capital market events | high | — | — |
| 21 Aug 2026 · RIL shareholders approve MOA change for explosives, fertilizers entry | general | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| RELIANCE INDUSTRIES LTD ◆ | 17,01,775 | 22.8 | 1.57 | 9.3 | 8.8 | 7.5 | 17.2 | 17.3 |
| INDIAN OIL CORP LTD | 1,90,792 | 5.5 | 0.85 | 4.0 | 19.4 | 17.1 | 11.6 | 1.6 |
| BHARAT PETROLEUM CORP LT | 1,30,100 | 7.6 | 1.30 | 3.9 | 25.8 | 23.2 | 11.4 | (0.6) |
| HINDUSTAN PETROLEUM CORP | 74,899 | 44.8 | 1.14 | 3.8 | 27.5 | 19.3 | 12.1 | (10.7) |
| MRPL | 30,741 | 9.8 | 2.17 | 6.9 | 13.6 | 15.7 | 15.6 | 4.5 |
| CHENNAI PETROLEUM CORP LT | 23,379 | 5.6 | 2.10 | 5.1 | 27.9 | 31.9 | 13.4 | 5.4 |
| SANMIT INFRA LIMITED | 791 | 178.9 | 20.48 | — | 5.1 | 6.1 | — | 10.2 |
| RAJASTHAN SECURITIES LIMITED | 445 | 3.5 | 3.80 | — | 69.3 | 88.6 | — | 119.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.8 | 7.6 | 10 of 13 | 25% |
| P/B | 1.6 | 1.8 | 6 of 12 | 55% |
| ROCE | 7.5 | 16.4 | 9 of 12 | 27% |
| ROE | 8.8 | 13.6 | 8 of 11 | 30% |
| Debt / Equity | 0.3 | 0.4 | 5 of 12 | 64% |
| EBITDA margin | 17.3 | 5.4 | 2 of 11 | 90% |
| Revenue growth | 25.4 | 24.2 | 4 of 8 | 57% |
| Profit growth | (24.6) | 4.3 | 6 of 9 | 38% |
| Market cap | 1701775 | 791 | 1 of 13 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
