Reliance Infrastructure Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Sale of Electrical Energy: 91.5% • Infrastructure: 5.6% • Other Operations: 1.9%
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Company is almost debt free
- Promoters have been increasing their shareholding - up 2.6pp over 2 years
- Latest quarter profit grew 151.4% YoY, showing strong momentum
- Company generates healthy free cash flow
CONS
- Recent results are weak - TTM profit is down 69.1% versus prior year
- 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
- Effective tax rate is unusually low at -14.6% - earnings may be flattered
- Equity base is being diluted - shares outstanding up 16.2%
- Company has delivered a poor sales growth of 4.2% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 209.85 | 28.39 | 404689.32 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 333.30 | 11.64 | 323189.88 | 2.70 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 269.10 | 15.74 | 250279.25 | 3.34 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1282.00 | 118.37 | 211167.98 | 0.00 | 9830.00 | 1092.96 | 44310.00 | 1066.05 | 9.90 | 91.24 |
| ADANIENSOL | 1373.75 | 57.55 | 168003.37 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| TATAPOWER | 365.00 | 30.19 | 116629.89 | 0.68 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 525.45 | 48.97 | 96340.35 | 0.38 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 76.30 | 20.19 | 76643.62 | 2.11 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 86.90 | 120.64 | 73224.80 | 0.00 | 3048.40 | 1282.62 | 11068.60 | 1527.23 | 3.73 | 91.95 |
| TORNTPOWER | 1298.20 | 28.15 | 65416.76 | 1.54 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 264.25 | 11.42 | 36641.87 | 1.46 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.27 | 32.83 |
| RELINFRA | 53.76 | 0.68 | 2196.80 | 0.00 | 767.79 | 151.36 | 6344.27 | 7.39 | 0.00 | -2.07 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,591 | 7,153 | 4,638 | 4,686 | 7,193 | 7,258 | 5,033 | 4,108 | 5,908 | 6,235 | 4,297 | 4,001 | 6,344 | |
| 4,844 | 6,495 | 3,892 | 4,070 | 5,982 | 6,647 | 4,427 | -4,181 | 5,686 | 4,460 | 3,260 | 1,805 | 7,253 | |
| Operating Profit | 747 | 658 | 746 | 616 | 1,211 | 611 | 606 | 8,289 | 222 | 1,775 | 1,036 | 2,196 | -909 |
| OPM % | 13.36% | 9.20% | 16.08% | 13.15% | 16.84% | 8.42% | 12.04% | 201.78% | 3.76% | 28.47% | 24.11% | 54.88% | -14.32% |
| -300 | 221 | 204 | 317 | -472 | 3,744 | -2,974 | 674 | 849 | 1,584 | 86 | -343 | -1,523 | |
| Interest | 571 | 610 | 578 | 552 | 470 | 472 | 468 | 374 | 409 | 444 | 442 | 348 | 413 |
| Depreciation | 371 | 387 | 379 | 366 | 348 | 355 | 359 | 360 | 375 | 368 | 373 | 350 | 342 |
| Profit before Tax | -495 | -118 | -7 | 15 | -78 | 3,527 | -3,195 | 8,229 | 287 | 2,546 | 307 | 1,155 | 765 |
| Tax % | 0.01% | -4.59% | -228.46% | 135.77% | 11.27% | 0.01% | -0.15% | -0.03% | -2.23% | -0.26% | -0.74% | -52.91% | -0.31% |
| Net Profit | 0 | 0 | 0 | 0 | -93 | 4,195 | -3,186 | 8,262 | 305 | 2,575 | 317 | 1,640 | 768 |
| -19.13 | -8.21 | -10.09 | -11.16 | -5.90 | 103.06 | -83.26 | 110.75 | 2.20 | 47.37 | 0.27 | 22.47 | 9.10 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 26,575 | 18,507 | 19,731 | 19,462 | 17,221 | 18,982 | 21,435 | 22,805 | 24,441 | 21,151 | 20,877 | |
| 21,899 | 14,895 | 17,548 | 18,238 | 17,033 | 17,154 | 20,120 | 20,754 | 20,685 | 20,150 | 16,779 | |
| Operating Profit | 4,675 | 3,613 | 2,183 | 1,224 | 188 | 1,828 | 1,315 | 2,051 | 3,756 | 1,001 | 4,098 |
| OPM % | 17.59% | 19.52% | 11.06% | 6.29% | 1.09% | 9.63% | 6.13% | 8.99% | 15.37% | 4.73% | 19.63% |
| 3,505 | 3,852 | 512 | 3,380 | 6,830 | 860 | 61 | 1,157 | 7,933 | 6,422 | -197 | |
| Interest | 5,581 | 5,204 | 2,581 | 2,400 | 2,727 | 2,060 | 2,393 | 2,310 | 1,784 | 1,660 | 1,647 |
| Depreciation | 1,688 | 1,254 | 1,292 | 1,389 | 1,352 | 1,283 | 1,448 | 1,503 | 1,421 | 1,466 | 1,433 |
| Profit before Tax | 911 | 1,006 | -1,178 | 815 | 2,939 | -656 | -2,466 | -605 | 8,484 | 4,296 | 4,774 |
| Tax % | -19.11% | -15.05% | 20.22% | -6.25% | -5.69% | -3.44% | -0.30% | -6.78% | -0.07% | -14.59% | -13.04% |
| Net Profit | 1,085 | 1,158 | -940 | 866 | 3,106 | -679 | -2,473 | -646 | 8,490 | 4,923 | 5,397 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 42.79 | -37.98 | -112.98 | -40.61 | 124.64 | 70.97 | — |
| Dividend Payout % | 16.61% | 19.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -3%
- 5 Years:
- 4%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 21%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -6%
- 3 Years:
- -32%
- 1 Year:
- -79%
RETURN ON EQUITY
- 10 Years:
- -1%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 263 | 263 | 263 | 263 | 263 | 263 | 352 | 396 | 396 | 409 |
| Minority Interest | 1,597 | 1,576 | 1,690 | 1,829 | 3,775 | 3,927 | 4,660 | 5,111 | 9,383 | 11,216 |
| 23,084 | 23,417 | 13,913 | 9,529 | 10,597 | 12,007 | 8,942 | 8,351 | 13,280 | 16,779 | |
| 40,079 | 36,056 | 23,542 | 22,663 | 19,419 | 18,380 | 17,384 | 13,942 | 11,513 | 10,968 | |
| Trade Payables | 21,062 | 22,192 | 19,819 | 20,096 | 16,468 | 16,882 | 17,534 | 17,986 | 16,851 | 17,232 |
| 12,197 | 16,327 | 8,966 | 10,480 | 11,472 | 10,944 | 12,028 | 13,373 | 14,417 | 14,557 | |
| Total Liabilities | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,403 | 60,899 | 59,159 | 65,841 | 71,160 |
| 39,549 | 38,864 | 24,446 | 22,771 | 19,505 | 19,002 | 19,756 | 17,757 | 17,714 | 17,812 | |
| Capital Work in Progress | 1,305 | 1,347 | 1,115 | 1,122 | 875 | 860 | 911 | 1,018 | 991 | 842 |
| 13,701 | 13,621 | 7,245 | 1,877 | 1,769 | 4,700 | 4,338 | 3,904 | 8,672 | 10,319 | |
| 412 | 394 | 62 | 64 | 73 | 66 | 81 | 120 | 179 | 152 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,702 | 1,532 | 1,182 | |
| Cash & Bank | 677 | 1,145 | 894 | 1,460 | 926 | 1,241 | 1,376 | 2,081 | 2,859 | 2,204 |
| 42,639 | 44,460 | 34,431 | 37,567 | 38,847 | 36,533 | 34,438 | 32,576 | 33,894 | 38,650 | |
| Total Assets | 98,282 | 99,832 | 68,194 | 64,861 | 61,994 | 62,403 | 60,899 | 59,159 | 65,841 | 71,160 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8,286 | 4,777 | -412 | 2,726 | 1,508 | 3,729 | 3,365 | 4,097 | 3,657 | 2,550 | |
| Cash from Investing | -60 | -786 | 2,759 | -808 | 447 | -502 | -1,333 | -448 | -1,731 | -1,273 |
| Cash from Financing | -8,452 | -7,428 | -3,334 | -1,979 | -1,531 | -2,942 | -2,242 | -3,648 | -1,252 | -1,775 |
| 167 | -62 | 109 | 88 | 352 | 356 | -117 | 2 | 674 | -498 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - Reliance Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-22 - Newspaper Publication Special Window for transfer and dematerialisation of physical shares
2026-08-17 - Reliance Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-14 - Reliance Infrastructure Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-14 - Reliance Infrastructure Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026
2026-08-14 - Report of the Monitoring Agency for the quarter ended June 30, 2026
2026-08-14 - Reliance Infrastructure Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11 - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-05 - Reliance Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
News
Recent coverage and analyst commentary for RELINFRA
Loading news…
AI Stock Analyst
Reliance Infrastructure Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account