Reliance Industries Share Price Target: 2024, 2025, 2026, 2028, 2030, and 2040
This is a post about Reliance Industries share price target in the upcoming years. One of India’s most profitable businesses, Reliance Industries is also the country’s biggest publicly traded business in terms of market capitalization and by revenue. Continue reading if you intend to make an investment in this stock.
To determine the true net value of a firm before investing in stocks, comprehensive financial data analysis is necessary. This is generally done by examining the company’s profit and loss account, balance sheet, and cash flow statement. This post contains a forecast stock price for Reliance Industries as well as a detailed analysis of this stock. On the basis of this, you can make better investment decisions.
About Reliance Industries Ltd.
Reliance Industries Ltd., incorporated in 1973, is a Fortune 500 company and the largest private sector corporation in India, operating in the diversified sector. Reliance Industries Ltd.’s key products and revenue segments include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. If you want to learn more about Reliance Industries Ltd., visit their website at www.ril.com.
Financials
Consolidated
Standalone
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 7,14,909.00 | 4,83,251.00 | 6,10,699.00 | 5,77,595.00 | 4,01,626.00 |
| Total Revenue Growth (%) | 47.94% | -20.87% | 5.73% | 43.81% | 27.57% |
| Total Expenses | 6,33,883.00 | 4,33,948.00 | 5,52,756.00 | 5,22,471.00 | 3,52,259.00 |
| Total Expenses Growth (%) | 46.07% | -21.49% | 5.80% | 48.32% | 28.24% |
| Profit after Tax (PAT) | 60,705.00 | 49,128.00 | 39,354.00 | 39,588.00 | 36,075.00 |
| PAT Growth (%) | 23.56% | 24.84% | -0.59% | 9.74% | 20.65% |
| Operating Profit Margin (%) | 13.65% | 15.09% | 13.38% | 12.58% | 14.65% |
| Net Profit Margin (%) | 8.67% | 10.52% | 6.58% | 6.95% | 9.21% |
| Basic EPS (₹) | 92.00 | 76.37 | 63.07 | 66.82 | 60.94 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 1,499,665.00 | 1,321,212.00 | 1,165,915.00 | 1,002,406.00 | 816,348.00 |
| Total Assets Growth (%) | 13.51% | 13.32% | 16.31% | 22.79% | 14.60% |
| Total Liabilities | 610,681.00 | 521,780.00 | 704,567.00 | 607,014.00 | 519,303.00 |
| Total Liabilities Growth (%) | 17.04% | -25.94% | 16.07% | 16.89% | 16.51% |
| Total Equity | 8,88,984.00 | 7,99,432.00 | 4,61,348.00 | 3,95,392.00 | 2,97,045.00 |
| Total Equity Growth (%) | 11.2%% | 73.28% | 16.68% | 33.11% | 11.41% |
| Net Worth | 888,984.00 | 799,432.00 | 461,348.00 | 395,392.00 | 297,045.00 |
| Current Ratio (x) | 1.12 | 1.34 | 0.63 | 0.73 | 0.59 |
| Total Debt to Equity (x) | 0.34 | 0.32 | 0.65 | 0.7 | 0.62 |
| Contingent Liabilities | 46,454.00 | 85,366.00 | 54,891.00 | 50,904.00 | 60,997.00 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 7.78% | 7.01% | 8.76% | 10.22% | 12.29% |
| Return on Capital Employed (%) | 8.02% | 6.75% | 10.62% | 10.45% | 11.42% |
| Return on Assets (%) | 4.04% | 3.71% | 3.37% | 3.94% | 4.41% |
| Interest Coverage Ratio (x) | 8.60 | 3.33 | 3.63 | 4.34 | 7.13 |
| Asset Turnover Ratio (x) | 0.39 | 35.34 | 51.25 | 56.78 | 47.97 |
| Price to Earnings (x) | 29.41 | 26.32 | 17.92 | 20.41 | 14.49 |
| Price to Book (x) | 2.29 | 1.84 | 1.57 | 2.09 | 1.78 |
| EV/EBITDA (x) | 16.92 | 16.45 | 9.57 | 11.64 | 9.49 |
| EBITDA Margin (%) | 17.91% | 20.78% | 17.09% | 16.25% | 18.92% |
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 4,37,575.00 | 2,60,485.00 | 3,50,519.00 | 3,80,438.00 | 2,98,262.00 |
| Total Revenue Growth (%) | 67.98% | -25.69% | -7.86% | 27.55% | 18.96% |
| Total Expenses | 3,90,789.00 | 2,37,577.00 | 3,05,958.00 | 3,33,071.00 | 2,52,537.00 |
| Total Expenses Growth (%) | 64.49% | -22.35% | -8.14% | 31.89% | 20.28% |
| Profit after Tax (PAT) | 39,084.00 | 31,944.00 | 30,903.00 | 35,163.00 | 33,612.00 |
| PAT Growth (%) | 22.35% | 3.37% | -12.12% | 4.61% | 6.96% |
| Operating Profit Margin (%) | 13.19% | 15.92% | 16.81% | 15.37% | 17.37% |
| Net Profit Margin (%) | 9.22% | 13% | 9.17% | 9.46% | 11.58% |
| Basic EPS (₹) | 59.24 | 49.66 | 48.42 | 55.48 | 53.08 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 878,674.00 | 873,673.00 | 971,699.00 | 775,745.00 | 617,525.00 |
| Total Assets Growth (%) | 0.57% | -10.09% | 25.26% | 25.62% | 12.95% |
| Total Liabilities | 407,147.00 | 399,190.00 | 580,484.00 | 370,423.00 | 302,878.00 |
| Total Liabilities Growth (%) | 1.99% | -31.23% | 56.71% | 22.30% | 17.20% |
| Total Equity | 4,71,527.00 | 4,74,483.00 | 3,91,215.00 | 4,05,322.00 | 3,14,647.00 |
| Total Equity Growth (%) | -0.62% | 21.28% | -3.48% | 28.82% | 9.13% |
| Net Worth | 471,527.00 | 474,483.00 | 391,215.00 | 405,322.00 | 314,647.00 |
| Current Ratio (x) | 1.11 | 1.04 | 0.5 | 0.76 | 0.65 |
| Total Debt to Equity (x) | 0.41 | 0.41 | 0.65 | 0.39 | 0.31 |
| Contingent Liabilities | 30,426.00 | 25,921.00 | 45,924.00 | 1,11,869.00 | 66,970.00 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 8.28% | 6.73% | 7.89% | 8.67% | 10.68% |
| Return on Capital Employed (%) | 8.24% | 5.82% | 8.84% | 9.95% | 11.80% |
| Return on Assets (%) | 4.44% | 3.65% | 3.18% | 4.53% | 5.44% |
| Interest Coverage Ratio (x) | 7.25 | 2.41 | 4.68 | 5.86 | 10.82 |
| Asset Turnover Ratio (x) | 0.48 | 28.11 | 34.67 | 47.90 | 46.96 |
| Price to Earnings (x) | 45.66 | 40.49 | 22.83 | 24.63 | 16.64 |
| Price to Book (x) | 3.78 | 2.72 | 1.80 | 2.13 | 1.78 |
| EV/EBITDA (x) | 29.53 | 30.61 | 14.32 | 15.03 | 10.90 |
| EBITDA Margin (%) | 15.62% | 19.66% | 19.70% | 18.21% | 20.67% |
Important Note: These price targets of “Reliance Industries Limited ” are only for reference purpose only, short-term and long-term Reliance Industries stock price predictions may be different due to the different analysed time series. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
Reliance Industries Share Price Target for 2023
If we talk about the financial performance of the company during the financial year 2021–2022, both consumer businesses, i.e., retail and digital services, registered the highest ever revenue and EBITDA. The E&P business also posted significantly better numbers, with strong volume growth and improved realisations. The O2C business, the largest contributor to the company’s earnings, also posted strong earnings with strong fuel margins. The performance is expected to improve further in the years to come. The stock is expected to reach ₹ 2,800 by the end of this year.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 2,700 | ₹ 2,800 |
Reliance Industries Share Price Target for 2024
Reliance’s diverse portfolio of business verticals represents its growth engines, where the company continues to add capabilities. During FY 2021–2022, each of these growth engines kicked into high gear, cementing Reliance’s position as India’s largest company by sales, profit, and market value. According to our technical analysis, the first target of Reliance Industries’ share price is ₹ 3,100 and the second target is ₹ 3,100.
| Year | First Target | Second Target |
|---|---|---|
| 2024 | ₹ 3,100 | ₹ 3,200 |
Reliance Industries Share Price Target for 2025
If we talk about the retail business of Reliance Industries, then Reliance Retail has shown steady growth. The business posted its highest ever revenue and EBITDA, with consistent improvement in profit margin. Reliance Industries has continuously expanded this business offline and through partnerships. If we analyse the estimated stock target in 2025, the first target can be ₹ 3,500 and the second target can be ₹ 3,600.
| Year | First Target | Second Target |
|---|---|---|
| 2025 | ₹ 3,500 | ₹ 3,600 |
Reliance Industries Share Price Target for 2026
Since its launch, Jio has maintained its leadership position in the market. With China excluded, Jio boasts the greatest subscriber base in a single nation and carries the most data traffic internationally. In the last two years, Jio has also emerged as the market leader in the broadband business. As we know, the telecom industry has a lot of opportunities, and Jio, with its market presence, has the potential to catch them. If we talk about share price targets, then this year the first target can be ₹ 3,850, and the second target can be ₹ 4,000.
| Year | First Target | Second Target |
|---|---|---|
| 2024 | ₹ 3,850 | ₹ 4,000 |
Reliance Industries Share Price Target for 2027
Reliance Industries’ oil and chemicals businesses also performed well. It shows 3.5 times revenue growth compared to previous year. Refining margins were supported by a pickup in fuel demand. Throughout the year, Reliance kept capacity utilisation at a high level at all of its locations. Despite the use of electricity as an alternative to oil, the coming years can also see huge growth. If we look at the share price target, the first target can be ₹ 4,300 and the second can be ₹ 4,400.
| Year | First Target | Second Target |
|---|---|---|
| 2027 | ₹ 4,300 | ₹ 4,400 |
Reliance Industries Share Price Target for 2028
The Media & Entertainment segment delivered strong growth in profitability, driven by strong operating performance. The consolidated EBITDA of the business grew by 35.7% year over year to 1,080 crore with a record EBITDA margin of 18.4% as compared to 16.9% in the previous year. The company also expanded into this segment by partnering with other companies. As per our technical forecast, by 2028, the first target can be ₹ 4,750 and the second target can be ₹ 4,900.
| Year | First Target | Second Target |
|---|---|---|
| 2028 | ₹ 4,750 | ₹ 4,900 |
Reliance Industries Share Price Target for 2030
Reliance keeps growing its current companies into newer boundaries of innovation, technology, size, and execution. In order to give customers outstanding service today, Reliance Retail has the deepest grassroots-level pan-India supply chain capacity, the largest supplier base, and a network of kirana partners. Regarding the level of integration, Reliance’s O2C business is at the top of the world; this business model innovation is being copied all over the world.
| Year | First Target | Second Target |
|---|---|---|
| 2030 | ₹ 5,700 | ₹ 6,000 |
Reliance Industries Share Price Target for 2040
With a strong integrated energy business and the most expensive digital and retail footprint in the country, RIL is India’s largest corporate value creator and highest valued company. Growth in the company’s business segment is expected to accelerate in the future. because, firstly, it is well diversified across digital services, retail, and energy and materials businesses. Secondly, over the years, it has built an unparalleled level of agility into each of its business verticals. Thirdly, its global scale of operations helps in overcoming many hurdles. Last but not least, the company’s balance sheet has grown yet has very little debt.
| Year | First Target | Second Target |
|---|---|---|
| 2040 | ₹ 13,000 | ₹ 14,000 |
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Reliance Industries share price targets for 2023, 2024, 2025, 2026, 2027, 2028, 2030, and 2040 are shown in the table below.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 2,700 | ₹ 2,800 |
| 2024 | ₹ 3,100 | ₹ 3,200 |
| 2025 | ₹ 3,500 | ₹ 3,600 |
| 2026 | ₹ 3,850 | ₹ 4,000 |
| 2027 | ₹ 4,300 | ₹ 4,400 |
| 2028 | ₹ 4,750 | ₹ 4,900 |
| 2030 | ₹ 5,700 | ₹ 6,000 |
| 2040 | ₹ 13,000 | ₹ 14,000 |
Recommendations: Invest in Reliance Industries stock or sell it?
According to forecasted data of Reliance Industries Ltd implies that there will be a positive trend in the future and the shares might be good for investing for making money.
FAQ’s
What is the PE ratio of Reliance Industries Ltd.?
The current PE ratio (price-earnings ratio) of Reliance Industries Ltd. is 25.36.
What is the 52-week high and low of Reliance Industries Ltd.’s share price?
Reliance Industries Ltd. share price saw a 52-week high of ₹ 2,856.15 and a 52-week low of ₹ 2,180.
What will Reliance Industries Ltd.’s share price target be for 2024?
The first target of Reliance Industries Ltd.'s share price can be at or below ₹ 3,100 and the second one is at or below ₹ 3,200 in 2024.
What will be the Reliance Industries Ltd. share price target in the next 5 years?
The first target for Reliance Industries Ltd.'s share price in the next five years is ₹ 4,750, and the second target is ₹ 4,900.
What will be the Reliance Industries Ltd. share price target in the next 7 years?
In the next 7 years, the first target for Reliance Industries Ltd.'s share price can be ₹ 5,700, and the second is ₹ 6,000.
Is it profitable to invest in Reliance Industries Ltd. stock?
According to forecasted data of Reliance Industries Ltd implies that there will be a positive trend in the future and the shares might be good for investing for making money.
What are the key metrics to analyze Reliance Industries Ltd.’s share price?
Reliance Industries Ltd.'s share price can be quickly analyzed on the basis of the following parameters:
- Stock's PE: 25.36
- Price to Book Ratio: 1.80
- EPS: ₹ 77.32
Note: For detailed ratios, refer to the financials section.
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