Reliance Communications Ltd.

•

rcom.co.inBSE: 532712NSE: RCOM

Market Cap₹ 268 Cr.

Current Price

High / Low₹ 2 / 1

Stock P/E—

Book Value₹ -331

Price to Book-0.00

Dividend Yield0.00 %

ROCE0.0 %

ROE0.0 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Voice: 60.6% • Non Voice: 39.4%

AI Sector View

AI GENERATED

Telecommunication

Hold

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

View full sector analysis →

PROS

Company is almost debt free
Operating margins have improved to -3.1% from -6.1%
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Company has a low return on capital employed of 0.0%
Company has a low return on equity of 0.0% over last 3 years
Interest coverage is weak at -3.0x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.14x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationTelecomTelecommunication - Service Provider

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHARTIARTL	1837.00	39.65	1146500.05	1.31	10011.60	34.89	58539.10	18.35	25.05	57.07
2.	IDEA	14.96	4.33	162081.18	0.00	-3754.00	43.19	11689.00	6.19	46.77	43.07
3.	INDUSTOWER	372.70	13.74	98324.33	3.76	1745.80	0.52	8431.10	4.64	30.51	53.11
4.	BHARTIHEXA	1539.25	42.19	76962.50	1.17	4824.00	1131.87	25099.00	1009.10	29.30	52.68
5.	TATACOMM	1763.90	53.17	50286.26	0.99	129.72	-31.78	6582.82	10.45	15.75	18.75
6.	RAILTEL	262.55	41.79	8426.24	1.24	38.39	48.51	467.61	24.08	23.03	15.86
7.	TTML	35.93	87.55	7024.06	0.00	-72.15	77.80	301.57	6.09	157.86	53.91
8.	HATHWAY	10.19	23.80	1803.74	0.00	24.56	-20.85	565.10	6.52	2.55	13.43
9.	MTNL	25.14	0.00	1583.82	0.00	-842.36	10.69	216.89	229.92	-6.76	-15.07
10.	RCOM	0.97	0.00	268.26	0.00	-809.00	96.84	74.00	-10.84	0.00	27.03
11.	GTL	7.23	0.14	113.73	0.00	4520.66	2243.77	497.08	-28.12	0.00	27.04

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	100	97	94	92	97	88	87	87	83	87	63	81	74
	91	117	92	94	83	86	118	84	85	141	95	184	91
Operating Profit	9	-20	2	-2	14	2	-31	3	-2	-54	-32	-103	-17
OPM %	9.00%	-20.62%	2.13%	-2.17%	14.43%	2.27%	-35.63%	3.45%	-2.41%	-62.07%	-50.79%	-127.16%	-22.97%
	16	62	8	12	7	8	13	-35	8	7	9	-171	-460
Interest	12	11	14	10	12	11	11	11	11	11	11	11	11
Depreciation	32	34	31	30	30	28	28	31	29	28	29	26	26
Profit before Tax	-19	-3	-35	-30	-21	-29	-57	-74	-34	-86	-63	-311	459
Tax %	-0.00%	-200.00%	-0.00%	-26.67%	-0.00%	-0.00%	-0.00%	-5.41%	-0.00%	-0.00%	-9.52%	0.32%	0.44%
Net Profit	0	0	0	0	-22,200	-22,860	-23,790	-25,020	-25,600	-27,010	-27,670	-30,980	-809
	-0.07	-0.03	-0.13	-0.14	-0.08	-0.11	-0.20	-0.29	-0.12	-0.31	-0.25	-1.12	-2.95

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	21,954	6,554	4,593	5,144	2,766	760	556	479	383	358	305
	14,718	7,951	29,596	7,510	3,496	815	618	499	394	369	511
Operating Profit	7,236	-1,397	-25,003	-2,366	-730	-55	-62	-20	-11	-11	-206
OPM %	32.96%	-21.32%	-544.37%	-46.00%	-26.39%	-7.24%	-11.15%	-4.18%	-2.87%	-3.07%	-67.54%
	402	83	91	-298	-40,974	57	28	-79	98	-8	-615
Interest	2,924	255	186	1,275	717	48	47	47	47	46	44
Depreciation	4,484	821	721	863	355	154	151	136	127	117	109
Profit before Tax	230	-2,390	-25,819	-4,802	-42,776	-201	-232	-280	-87	-182	-1
Tax %	-186.09%	46.19%	7.39%	-50.35%	0.22%	-4.98%	0.43%	1.07%	-16.09%	-2.20%	-700.00%
Net Profit	658	-1,286	-23,912	-7,220	-42,681	-211	-231	-277	-101	-186	-8
EPS	0.00	0.00	0.00	0.00	0.00	-21.10	-24.12	-52.83	-26.07	-33.94	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -35%
5 Years:: -34%
3 Years:: -14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -32%
5 Years:: -19%
3 Years:: -18%
1 Year:: -25%

RETURN ON EQUITY

10 Years:: -15%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1,244	1,244	1,383	1,383	1,383	1,383	1,383	1,383	1,383	1,383
Minority Interest	282	400	332	322	316	294	278	-5	-6	-5
	30,339	27,325	1,400	-5,563	-49,539	-55,289	-61,956	-76,274	-83,513	-92,873
	44,002	39,226	39,272	34,284	30,893	30,861	30,839	35,066	38,798	38,784
Trade Payables	5,775	4,746	4,868	3,641	4,183	4,106	4,091	3,608	3,670	3,657
	19,884	23,120	23,749	33,462	60,756	66,461	72,902	72,985	76,217	85,474
Total Liabilities	1,01,526	96,061	71,004	67,529	47,992	47,816	47,537	36,763	36,549	36,420
	69,712	70,843	20,839	9,707	3,713	3,561	3,453	3,087	2,895	2,746
Capital Work in Progress	1,754	1,909	265	191	193	196	158	69	64	53
	30	32	32	12,033	55	57	50	56	35	36
	208	235	79	63	32	29	2	2	2	2
	0	0	0	0	0	0	0	0	311	311
Cash & Bank	1,524	1,319	740	938	556	826	869	388	386	439
	28,298	21,723	49,049	44,597	43,443	43,147	43,005	33,161	32,856	32,833
Total Assets	1,01,526	96,061	71,004	67,529	47,992	47,816	47,537	36,763	36,549	36,420

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	14,304	-862	637	146	203	97	149	-73	-40	26
Cash from Investing	-14,950	812	-268	719	5	-6	-298	8	65	21
Cash from Financing	436	-173	-904	-868	-54	-55	-51	-22	-38	-58
	-408	251	-208	225	-30	267	-230	-78	-13	-11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
1.85	1.85	1.85	0.77	0.77	0.77	0.77	0.77
0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
4.39	4.38	4.38	4.38	4.38	4.38	4.38	4.38
0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
93.66	93.67	93.66	94.74	94.74	94.75	94.74	94.74

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Corporate Insolvency Resolution Process

2026-09-10 - Reliance Communications Limited has informed the Exchange about Corporate Insolvency Resolution Process

2026-09-10

Action(s) initiated or orders passed

2026-09-10 - Reliance Communications Limited has informed the Exchange about Action(s) initiated or orders passed

2026-09-08

Fraud/Default/Arrest

2026-09-08 - Reliance Communications Limited has informed the Exchange about Fraud/Default/Arrest

2026-08-26

Action(s) initiated or orders passed

2026-08-26 - Reliance Communications Limited has informed the Exchange about Action(s) initiated or orders passed

2026-08-22

Outcome of Board Meeting

2026-08-22 - Reliance Communications Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-22

Action(s) taken or orders passed

2026-08-22 - Reliance Communications Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-21

Corporate Insolvency Resolution Process

2026-08-21 - Reliance Communications Limited has informed the Exchange about Corporate Insolvency Resolution Process

2026-08-20

Corporate Insolvency Resolution Process

2026-08-20 - Reliance Communications Limited has informed the Exchange about Corporate Insolvency Resolution Process

2026-08-19

General Updates

2026-08-19 - Reliance Communications Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for RCOM

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Reliance Communications Ltd.

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Free 5nance Account

Name

BHARTIARTL

1837.00

39.65

1146500.05

1.31

10011.60

34.89

58539.10

18.35

25.05

57.07

IDEA

14.96

4.33

162081.18

0.00

-3754.00

43.19

11689.00

6.19

46.77

43.07

INDUSTOWER

372.70

13.74

98324.33

3.76

1745.80

0.52

8431.10

4.64

30.51

53.11

BHARTIHEXA

1539.25

42.19

76962.50

1.17

4824.00

1131.87

25099.00

1009.10

29.30

52.68

TATACOMM

1763.90

53.17

50286.26

0.99

129.72

-31.78

6582.82

10.45

15.75

18.75

RAILTEL

262.55

41.79

8426.24

1.24

38.39

48.51

467.61

24.08

23.03

15.86

TTML

35.93

87.55

7024.06

0.00

-72.15

77.80

301.57

6.09

157.86

53.91

HATHWAY

10.19

23.80

1803.74

0.00

24.56

-20.85

565.10

6.52

2.55

13.43

MTNL

25.14

0.00

1583.82

0.00

-842.36

10.69

216.89

229.92

-6.76

-15.07

RCOM

0.97

0.00

268.26

0.00

-809.00

96.84

74.00

-10.84

0.00

27.03

GTL

7.23

0.14

113.73

0.00

4520.66

2243.77

497.08

-28.12

0.00

27.04

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

100

117

118

141

184

Operating Profit

-20

-2

-31

-2

-54

-32

-103

-17

OPM %

9.00%

-20.62%

2.13%

-2.17%

14.43%

2.27%

-35.63%

3.45%

-2.41%

-62.07%

-50.79%

-127.16%

-22.97%

-35

-171

-460

Interest

Depreciation

Profit before Tax

-19

-3

-35

-30

-21

-29

-57

-74

-34

-86

-63

-311

459

Tax %

-0.00%

-200.00%

-0.00%

-26.67%

-0.00%

-5.41%

-0.00%

-9.52%

0.32%

0.44%

Net Profit

-22,200

-22,860

-23,790

-25,020

-25,600

-27,010

-27,670

-30,980

-809

-0.07

-0.03

-0.13

-0.14

-0.08

-0.11

-0.20

-0.29

-0.12

-0.31

-0.25

-1.12

-2.95

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

21,954

6,554

4,593

5,144

2,766

760

556

479

383

358

305

14,718

7,951

29,596

7,510

3,496

815

618

499

394

369

511

Operating Profit

7,236

-1,397

-25,003

-2,366

-730

-55

-62

-20

-11

-206

OPM %

32.96%

-21.32%

-544.37%

-46.00%

-26.39%

-7.24%

-11.15%

-4.18%

-2.87%

-3.07%

-67.54%

402

-298

-40,974

-79

-8

-615

Interest

2,924

255

186

1,275

717

Depreciation

4,484

821

721

863

355

154

151

136

127

117

109

Profit before Tax

230

-2,390

-25,819

-4,802

-42,776

-201

-232

-280

-87

-182

-1

Tax %

-186.09%

46.19%

7.39%

-50.35%

0.22%

-4.98%

0.43%

1.07%

-16.09%

-2.20%

-700.00%

Net Profit

658

-1,286

-23,912

-7,220

-42,681

-211

-231

-277

-101

-186

-8

EPS

0.00

-21.10

-24.12

-52.83

-26.07

-33.94

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

1,244

1,383

Minority Interest

282

400

332

322

316

294

278

-5

-6

-5

30,339

27,325

1,400

-5,563

-49,539

-55,289

-61,956

-76,274

-83,513

-92,873

44,002

39,226

39,272

34,284

30,893

30,861

30,839

35,066

38,798

38,784

Trade Payables

5,775

4,746

4,868

3,641

4,183

4,106

4,091

3,608

3,670

3,657

19,884

23,120

23,749

33,462

60,756

66,461

72,902

72,985

76,217

85,474

Total Liabilities

1,01,526

96,061

71,004

67,529

47,992

47,816

47,537

36,763

36,549

36,420

69,712

70,843

20,839

9,707

3,713

3,561

3,453

3,087

2,895

2,746

Capital Work in Progress

1,754

1,909

265

191

193

196

158

12,033

208

235

311

Cash & Bank

1,524

1,319

740

938

556

826

869

388

386

439

28,298

21,723

49,049

44,597

43,443

43,147

43,005

33,161

32,856

32,833

Total Assets

1,01,526

96,061

71,004

67,529

47,992

47,816

47,537

36,763

36,549

36,420

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

14,304

-862

637

146

203

149

-73

-40

Cash from Investing

-14,950

812

-268

719

-6

-298

Cash from Financing

436

-173

-904

-868

-54

-55

-51

-22

-38

-58

-408

251

-208

225

-30

267

-230

-78

-13

-11

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

1.85

0.77

0.07

4.39

4.38

0.03

93.66

93.67

93.66

94.74

94.75

94.74

Reliance Communications Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Reliance Communications Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI