Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1423889.08 Crore) operating in Diversified sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 148591.00 Crore, down -6.03 % from last quarter Total Income of Rs 158133.00 Crore and up 60.39 % from last year same quarter Total Income of Rs 92641.00 Crore. Company reported net profit after tax of Rs 13843.00 Crore in latest quarter.
Investment Rationale
Using SoTP, the brokerage values the O2C business at 7.5x FY23E EV/EBITDA, arriving at a valuation of INR776/share for the standalone business, and assign INR68 for its E&P assets. It ascribes an equity valuation of: a) INR875/share to RJio at 20x FY23E EV/EBITDA and b) INR771/share to Reliance Retail at 34x FY23E EV/EBITDA, factoring in the recent stake sale.
Promoter/FII Holdings
Promoters held 49.1 per cent stake in the company as of June 30, 2021, while FIIs held 27.3 per cent, DIIs 12.9 per cent and public and other 10.7 per cent.
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