RIL Share Price Target 2024, 2025 to 2030

Today, we explore RIL Share Price Target for 2024, 2025, 2030 and so on. To know how the stock will perform in the upcoming years, read the complete technical and fundamental analysis report.

What is RIL (Reliance Industries Ltd.)?

Reliance Industries Limited, headquartered in Mumbai, is an Indian multinational conglomerate with diverse interests spanning energy, petrochemicals, natural gas, retail, telecommunications, mass media, entertainment, and textiles. It holds the distinction of being the largest public company in India by both market capitalization and revenue, and ranks among the top 100 companies globally.

In 2023, it secured the 45th position in the Forbes Global 2000 list. Notably, Reliance is India’s leading private taxpayer and exporter, contributing significantly to the nation’s economy.

However, the company has faced scrutiny and criticism for various issues including alleged political corruption, cronyism, fraud, financial irregularities, and concerns regarding its impact on consumers, citizens, and natural resources. Mukesh Ambani, the chairman of Reliance Industries, has often been labeled as a plutocrat.

Company Profile

Former Names	Reliance Commercial Corporation (1958–1966) Reliance Textiles and Engineers (1966–1973)
Company Type	Public
Traded as	BSE: 500325, NSE: RELIANCE LSE: RIGD
ISIN	INE002A01018
Industry	Conglomerate
Founded	1958 (66 years ago)
Founder	Dhirubhai Ambani
Headquarters	Mumbai, Maharashtra, India
Area Served	Worldwide
Key People	Mukesh Ambani (Chairman & Managing Director)
Products	Petroleum, Natural gas, Chemicals, Petrochemicals, Oil refining, Retail, Telecommunications, Media, Entertainment
Revenue (2023)	₹974,864 crore (US$120 billion)
Operating Income (2023)	₹94,801 crore (US$12 billion)
Net Income (2023)	₹73,670 crore (US$9.2 billion)
Total Assets (2023)	₹1,713,506 crore (US$210 billion)
Total Equity (2023)	₹821,153 crore (US$100 billion)
Owner	Mukesh Ambani (50.39%)
Number of Employees (2023)	389,414
Subsidiaries	Jio Platforms, Reliance Retail, Jio-bp, Network18 Group, DEN Networks, Hathway, Alok Industries, Reliance Foundation, Indiawin Sports, Relicord, Reliance Institute of Life Sciences, Reliance Industrial Infrastructure, Renewable Energy Corporation
Website	www.ril.com

Reliance Industries Ltd. Fundamental Analysis

Market Cap	₹ 19,28,848.53 Cr.
Enterprise Value	₹ 20,87,860.53 Cr.
Number of Shares	676.61 Cr.
P/E	43.17
P/B	3.83
Face Value	₹ 10
Div. Yield	0.32 %
Book Value (TTM)	₹ 743.70
Cash	₹ 56,811 Cr.
Debt	₹ 2,15,823 Cr.
Promoter Holding	50.3 %
EPS (TTM)	₹ 66.03
Sales Growth	25.10%
ROE	9.05 %
ROCE	9.81%
Profit Growth	13.39 %

Reliance Industries Ltd. Share Price Growth Chart

Reliance Industries Ltd. Profit & Loss Analysis

DATA	MAR 2019	MAR 2020	MAR 2021	MAR 2022	MAR 2023
Net Sales	3,71,616	3,36,953	2,45,667	4,22,323	5,28,315
Total Expenditure	3,12,762	2,84,295	2,13,375	3,71,383	4,63,856
Operating Profit	58,854	52,658	32,292	50,940	64,459
Other Income	8,822	13,736	16,026	13,843	12,418
Interest	9,751	12,105	16,211	9,123	12,626
Depreciation	10,558	9,728	9,199	10,264	10,118
Exceptional Items	0	-4,245	4,304	0	0
Profit Before Tax	47,367	40,316	27,212	45,396	54,133
Tax	12,204	9,413	-4,732	7,459	11,116
Net Profit	35,163	30,903	31,944	39,084	44,205
Adjusted EPS (Rs.)	54.95	48.29	49.56	56.08	63.58

• Net Sales: RIL’s net sales have increased steadily over the past five years, from ₹ 3,71,616 Cr in March 2019 to ₹ 5,28,315 Cr in March 2023. This indicates a growth in revenue from the company’s core operations.
• Total Expenditure: Total expenditure has also increased over the same period, but at a slower pace than net sales. This has resulted in an improvement in operating profit.
• Operating Profit: Operating profit has increased from ₹ 58,854 Cr in March 2019 to ₹ 64,459 Cr in March 2023. This indicates that RIL is becoming more efficient in managing its operating costs.
• Other Income: Other income has fluctuated over the past five years, but it has generally been positive.
• Interest: Interest expense has increased over the past five years, likely due to the company’s increasing debt levels.
• Profit Before Tax: Profit before tax has increased from ₹ 47,367 Cr in March 2019 to ₹ 54,133 Cr in March 2023. This indicates that RIL’s profitability has improved over the past five years.
• Net Profit: Net profit has also increased over the past five years, from ₹ 35,163 Cr in March 2019 to ₹ 44,205 Cr in March 2023. This reflects an improvement in RIL’s overall profitability.
• Adjusted EPS (Rs.): Adjusted earnings per share (EPS) has increased from ₹ 54.95 in March 2019 to ₹ 63.58 in March 2023. This indicates that RIL’s profitability has grown at a faster pace than its number of outstanding shares.

Reliance Industries Ltd. Balance Sheet Analysis

DATA	MAR 2019	MAR 2020	MAR 2021	MAR 2022	MAR 2023
Equity and Liabilities
Share Capital	6,339	6,339	6,445	6,765	6,766
Total Reserves	3,98,983	3,84,876	4,68,038	4,64,762	4,72,328
Borrowings	1,18,098	1,94,402	1,60,598	1,67,231	1,35,561
Other N/C liabilities	59,744	62,600	38,313	39,721	45,071
Current liabilities	2,02,021	3,30,682	2,01,787	2,00,982	2,37,276
Total Liabilities	7,85,185	9,78,899	8,75,181	8,79,461	8,97,002
Assets
Net Block	2,03,188	3,06,478	3,06,833	2,39,626	2,45,164
Capital WIP	1,05,155	15,638	20,765	19,267	30,958
Intangible WIP	6,402	12,327	12,070	15,395	17,957
Investments	2,72,043	4,21,793	2,52,620	3,30,493	3,03,558
Loans & Advances	44,335	55,978	71,203	50,568	31,735
Other N/C Assets	1,198	31	971	1,714	1,698
Current Assets	1,52,864	1,66,654	2,10,719	2,22,398	2,65,932
Total Assets	7,85,185	9,78,899	8,75,181	8,79,461	8,97,002

Equity and Liabilities

• Share Capital: RIL’s share capital has remained relatively stable over the past five years, with a slight increase from ₹ 6,339 Cr in March 2019 to ₹ 6,766 Cr in March 2023.
• Total Reserves: Total reserves have increased significantly over the past five years, from ₹ 3,98,983 Cr in March 2019 to ₹ 4,72,328 Cr in March 2023. This indicates that RIL has retained a larger portion of its earnings over time.
• Borrowings: Borrowings have fluctuated over the past five years. They increased from ₹ 1,18,098 Cr in March 2019 to ₹ 1,94,402 Cr in March 2020 and then decreased to ₹ 1,35,561 Cr in March 2023. This suggests that RIL has been managing its debt levels.
• Other Non-Current Liabilities: Other non-current liabilities have shown some variation over the five years, but there is no clear trend.
• Current Liabilities: Current liabilities have increased from ₹ 2,02,021 Cr in March 2019 to ₹ 2,37,276 Cr in March 2023. This increase is likely due to RIL’s growing business operations.
• Total Liabilities: Total liabilities have increased from ₹ 7,85,185 Cr in March 2019 to ₹ 8,97,002 Cr in March 2023. This reflects the increase in both equity and liabilities on RIL’s balance sheet.

Assets

• Net Block: Net block, which represents the net value of RIL’s property, plant, and equipment, has increased from ₹ 2,03,188 Cr in March 2019 to ₹ 2,45,164 Cr in March 2023. This indicates that RIL has been investing in its property, plant, and equipment.
• Capital WIP: Capital work in progress (WIP) has fluctuated over the past five years. It increased to ₹ 20,765 Cr in March 2021 and then decreased to ₹ 30,958 Cr in March 2023.
• Intangible WIP: Intangible work in progress (WIP) has also fluctuated over the past five years, with a slight increase from ₹ 6,402 Cr in March 2019 to ₹ 17,957 Cr in March 2023.
• Investments: Investments have increased significantly from ₹ 2,72,043 Cr in March 2019 to ₹ 3,03,558 Cr in March 2023. This suggests that RIL has been deploying its resources strategically.
• Loans & Advances: Loans and advances have fluctuated over the past five years, but there is no clear trend.
• Other Non-Current Assets: Other non-current assets have also shown some variation over the five years, but there is no clear trend.
• Current Assets: Current assets have increased from ₹ 1,52,864 Cr in March 2019 to ₹ 2,65,932 Cr in March 2023. This increase is likely due to RIL’s growing business operations and improving efficiency in managing its working capital.
• Total Assets: Total assets have increased from ₹ 7,85,185 Cr in March 2019 to ₹ 8,97,002 Cr in March 2023, reflecting growth in both RIL’s equity and liabilities.

RIL Share Price Target 2024, 2025 to 2030

RIL Share Price Target 2024

Year	Reliance Industries Share Price Targets 2024
2024	₹2590-₹3880

In 2023, Indian stocks like RELIANCE witnessed a remarkable bull run, setting an optimistic tone for 2024. While the market is poised for continued bullish sentiment in the first quarter of 2024, some initial consolidation may occur.

Technical analysis suggests RELIANCE could see a minimum target price of ₹2590 and a maximum of ₹3880 throughout the year. January starts with a target of ₹2590, gradually climbing to ₹3880 by June, and maintaining this level through December. This trajectory indicates a potential upward trend fueled by favorable market conditions.

Overall, RELIANCE’s forecasted share price for 2024 suggests a promising start, with the possibility of significant gains as the year progresses, culminating in a robust year-end target of ₹3880.

Also Read: Asian Paints Share Price target 2024, 2025 to 2030

RIL Share Price Target 2025

Year	Reliance Industries Share Price Targets 2025
2025	₹3875-₹4590

According to our Experts, In 2025, the share price forecast for Reliance Industries Ltd suggests an initial target of ₹3875, with the potential for further growth throughout the year. By mid-year, with favorable market conditions and industry trends, the share price could reach around ₹4150. As the year progresses, the anticipated target for December 2025 is ₹4590, reflecting sustained bullish momentum.

Also Read: [JIOFIN] Jio Finance Share Price Target 2024, 2025, 2030, 2040 & 2050: A Complete Analysis Report

RIL Share Price Target 2030

Year	Reliance Industries Share Price Targets 2030
2030	₹8000-₹9500

In 2030, Reliance Industries Ltd is forecasted to experience a dynamic trajectory in its share price, with initial projections setting a target of ₹8000 in January. Amidst favorable market conditions, a mid-year target of ₹8800 is anticipated, showcasing potential stability and growth. By December, the price target is expected to hover around ₹9500, indicative of sustained bullish market trends.

Also Read: Mukka Proteins Share Price Target 2024, 2025 to 2030

Reliance Industries Ltd. Share Analysis: Buy or Sell?

• PE Ratio (Price to Earnings): This ratio reflects how much investors are willing to pay for each rupee of earnings. Reliance Industries’ high PE ratio of 43.17 suggests it may be overvalued.
• Share Price: Reliance Industries’ current share price is Rs 2,850.50. Utilizing valuation calculators can help determine if the stock is undervalued or overvalued.
• ROA (Return on Assets): Reliance Industries’ ROA of 4.84% indicates its ability to generate profits from its asset investments, which appears relatively low.
• Current Ratio: Reliance Industries’ current ratio of 1.12 indicates its ability to cover short-term liabilities with short-term assets.
• ROE (Return on Equity): The ROE of 9.05% showcases the company’s ability to generate profits from shareholders’ investments, albeit it could be higher for better performance.
• Debt to Equity Ratio: With a D/E ratio of 0.45, Reliance Industries exhibits a low proportion of debt in its capital structure.
• Inventory Turnover Ratio: Reliance Industries’ inventory turnover ratio of 11.92 suggests potential inefficiency in managing inventory and working capital.
• Sales Growth: The reported revenue growth of 25.10% for Reliance Industries reflects fair performance and growth.
• Operating Margin: Reliance Industries’ operating margin of 12.20% indicates its operational efficiency.
• Dividend Yield: With a dividend yield of 0.32% based on a dividend of Rs 9, investors can assess the dividend payout in relation to the stock price.

Strengths

• The company demonstrates robust revenue growth, averaging 16.17% over the past three years.
• It maintains an efficient Cash Conversion Cycle of -71.09 days.
• The company exhibits effective cash flow management, with a CFO/PAT ratio of 1.24.
• With a significant promoter holding of 50.30%, the company enjoys strong support from its key stakeholders.

Who are the largest shareholders of RIL?

1. Promoter Group (Reliance Industries Ltd): The promoter group, which is the Ambani family, is the largest shareholder of RIL, holding around 50.39% of the total shares.
2. Life Insurance Corporation of India (LIC): LIC is the biggest non-promoter investor in RIL, with a stake of 6.49%.
3. Other Institutional Investors: This category includes foreign institutional investors (FIIs), domestic institutional investors (DIIs), and mutual funds. They collectively hold around 43.12%.

FAQs

Disclaimer: Dear Readers, Please note, These stock price projections are based on factors like past performance and market trends. These projections are for informational purposes only and aren’t financial advice or guarantees.