Reliance Industries enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


15,67,006	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
2,43,408	2,43,408	2,25,211	2,03,395	1,87,137
1,81,836	1,81,836	1,66,426	1,32,307	1,13,009
3,74,421	3,74,421	3,47,530	3,24,622	3,13,966
18,79,855	—	—	—	—
1,31,013	1,31,013	1,22,319	1,21,227	1,26,829
₹1,389.19	—	—	—	—

14,60,287	14,60,287	13,57,156	12,50,410	11,42,847
25.6%	25.6%	25.6%	26.0%	27.5%
0.20×	—	—	—	—

1.65×	—	—	—	—
10.24×	—	—	—	—
15.09×	—	—	—	—
27.17×	—	—	—	—
11,38,865	10,75,675	9,80,136	9,14,472	8,91,311
1,83,561	1,78,949	1,65,444	1,62,233	1,42,162
1,24,615	1,21,261	1,12,308	1,11,401	1,01,859
—	1,92,113	1,78,703	1,58,788	1,15,032
69,197	69,197	38,736	5,905	−25,956
—	60,253	28,973	−3,220	−30,724
—	1,22,916	1,39,967	1,52,883	1,40,988

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RELIANCE₹1,158.00

Reliance Industries Ltd.

· Energy & Power

₹ CrorePeersONGC BHARTIARTL COALINDIA BPCL GAIL IOC HINDPETRO OILMcap ₹15.67L Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	15,67,005.6
- Cash, Equiv & ST Investments	1,87,137.0	2,03,395.0	2,25,211.0	2,43,408.0	2,43,408.0
+ Minority Interest	1,13,009.0	1,32,307.0	1,66,426.0	1,81,836.0	1,81,836.0
+ Total Debt	3,13,966.0	3,24,622.0	3,47,530.0	3,74,421.0	3,74,421.0
Enterprise Value	—	—	—	—	18,79,854.6
Net Debt (memo)	1,26,829.0	1,21,227.0	1,22,319.0	1,31,013.0	1,31,013.0
EV per Share	—	—	—	—	1,389.19

Total Capital	11,42,847.0	12,50,410.0	13,57,156.0	14,60,287.0	14,60,287.0
Total Debt/Total Capital	27.47	25.96	25.61	25.64	25.64
Total Debt/EV	—	—	—	—	0.20

EV/Sales	—	—	—	—	1.65
EV/EBITDA	—	—	—	—	10.24
EV/EBIT	—	—	—	—	15.09
EV/Free Cash Flow	—	—	—	—	27.17
Reference Items — Trailing FY Values
Sales	8,91,311.0	9,14,472.0	9,80,136.0	10,75,675.0	11,38,865.0
EBITDA	1,42,162.0	1,62,233.0	1,65,444.0	1,78,949.0	1,83,561.0
EBIT	1,01,859.0	1,11,401.0	1,12,308.0	1,21,261.0	1,24,615.0
Operating Cash Flow	1,15,032.0	1,58,788.0	1,78,703.0	1,92,113.0	—
Free Cash Flow	-25,956.0	5,905.0	38,736.0	69,197.0	69,197.0
FCFF (free cash flow to the firm)	-30,724.3	-3,219.7	28,973.1	60,253.0	—
Capital Expenditure	1,40,988.0	1,52,883.0	1,39,967.0	1,22,916.0	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 192%.