Time period given by analyst is one year when Reliance Industries Ltd. price can reach defined target.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1776666.28 Crore) operating in Diversified sector.
Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Income From Financial Services, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 178328.00 Crore, up 20.01 % from last quarter Total Income of Rs 148591.00 Crore and up 48.06 % from last year same quarter Total Income of Rs 120444.00 Crore. Company reported net profit after tax of Rs 15440.00 Crore in latest quarter.
Investment Rationale
The brokerage uses EV/EBITDA to value downstream at Sep-23E EV/e, retail on peer benchmarked EV/e and E&P and Jio on DCF. The stock is currently trading at 12.2x Sep-23E EV/EBITDA and 24.6x Sep-23E EPS.
Promoter/FII Holdings
Promoters held 50.61 per cent stake in the company as of 30-Sep-2021, while FIIs owned 27.68 per cent, DIIs 10.93 per cent.
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