Reliance Industries Limited (RELIANCE.NS) stock analysis

In our weekly check, Reliance Industries Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 3, red flags: 3.

About Reliance Industries Limited

Reliance Industries Limited is an Energy company (Oil & Gas Refining & Marketing) based in India, listed on NSE as RELIANCE.NS.

What our checks show for RELIANCE.NS

Red flags

• The stock has fallen as much as 68% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 8.4 years.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.

Warning signs

• The net margin fell by 2.1 points over 5 years, to 6.7%: the company keeps less of each sale as profit.
• The net margin is only 6.7%: little room if costs rise.
• Free cash flow is only 4.6% of revenue.

Strengths

• Debt is low: 0x equity.
• The gross margin is 25.5% and has risen by 1.9 points: pricing power is holding.
• Operating cash flow is 2.34x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 14.2% a year over the next years.
• A large company: market value $170 billion.
• Beta 0.19: the stock usually moves less than the market.

Next earnings report: 2027-01-15

Similar companies

096770.KS · MOL.BD · 5020.T

Questions

What grade does Reliance Industries Limited (RELIANCE.NS) have?

In our weekly check, Reliance Industries Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 3, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of RELIANCE.NS stock?

This week's biggest flags for Reliance Industries Limited: Deep past fall, Slow recovery after falls, Low return on capital. In total 6 of 24 checks show a warning or a red flag.

What does Reliance Industries Limited do?

Reliance Industries Limited is an Energy company (Oil & Gas Refining & Marketing) based in India, listed on NSE as RELIANCE.NS.

When does Reliance Industries Limited report earnings next?

The next earnings report is expected on 2027-01-15. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

Open the full analysis