1. India Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
Reliance Infrastructure Limited

Reliance Infrastructure Limited

RELINFRA.BO
Reliance Infrastructure LimitedIN flagBombay Stock Exchange
70.21
INR
-3.69
- -
28.55BMarket Cap
Reliance Infrastructure Limited
RELINFRA.BO
(Bombay Stock Exchange)

Recent

price

70.21

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
608.66
889.38
850.05
709.28
604.03
990.71
932.43
660.99
709.64
701.08
616.65
706.61
721.21
575.52
595.54
- -
500.97
Revenue per Share
62.05
60.05
85.43
72.77
68.45
28.88
54.19
47.74
-92.28
29.32
42.79
-37.98
-112.98
-42.66
124.64
- -
71.08
Basic EPS, GAAP
-288.82
-97.11
-53.68
29.51
50.03
294.38
240.99
249
-29.09
59.01
17.28
113.67
74.18
81.42
51.72
- -
- -
Free Cash Flow per Basic Share
7.4
8.37
8.57
8.61
8.87
9.77
9.64
11.26
10.63
0.75
0.86
0.39
0.28
0.23
0.25
- -
- -
Dividend per Share
60.78
37.66
10
9.98
10
10
10
-77.3
-182.85
-155.27
-112.44
-150.78
-252.55
-232.57
-96.99
- -
10.02
Book Value per Share
697.27
604.88
685.69
739.02
486.58
416.02
453.2
327.15
-26.3
-118.01
104.43
182.03
110.16
127.63
385.55
- -
519.27
Tangible Book Value per Share
250
264
263
263
263
263
263
263
263
263
263
263
285
377
396
- -
408
Basic Weighted Avg Shares
152,202
235,019
223,555
186,534
158,854
260,547
245,220
173,835
186,627
184,377
162,172
185,831
205,629
217,033
235,919
204,405
204,405
Sales/Revenue/Turnover
10.84
10.25
11.14
13.04
6.41
15.14
14.18
14.51
17.23
10.8
30.2
10.95
7.79
10.79
17.1
2.94
2.85
Operating Margin (%)
4,871
1,777
5,511
5,341
8,328
15,439
16,882
12,542
12,918
13,891
13,521
12,834
14,485
15,028
14,212
14,659
14,659
Depreciation Expense
15,516
15,868
22,468
19,137
18,002
7,596
14,252
12,555
-24,268
7,712
11,252
-9,989
-32,212
-16,087
49,375
29,002
29,002
Net Income, GAAP
9.36
30.16
9.38
14.9
5.06
27.25
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
10.19
6.75
10.05
10.26
11.33
2.92
5.81
7.22
-13
4.18
6.94
-5.38
-15.66
-7.41
20.93
14.19
14.19
Profit Margin (%)
44,183
29,010
3,442
7,306
-138,597
-147,263
-162,038
-179,607
-160,497
-158,302
-166,939
-186,292
-223,447
-206,022
-239,102
-254,116
-254,116
Working Capital
82,664
117,003
126,357
150,491
224,010
237,873
191,294
209,040
130,077
118,265
65,360
55,159
44,888
32,296
19,887
14,836
14,836
LT Debt
237,952
244,499
263,522
268,434
237,879
232,800
249,445
252,566
158,658
116,218
146,352
163,345
139,532
138,581
238,128
290,881
290,881
Total Equity
4.74
4.42
4.98
4.17
1.77
4.91
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
16.43
13.28
15.01
11.18
11.5
6.94
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
42.75
126.19
357.18
728.17
684.99
288.8
541.83
- -
- -
- -
- -
- -
- -
- -
- -
- -
760.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
39,768
- -
34,531
LT Borrowings
16,529
- -
13,720
LT Finance Leases
1,070
- -
1,116
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
408
- -
408
Market Capitalization
97,097
66,728
27,451

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
86,840
- -
66,694
Cash, Cash Equivalents & STI
36,385
- -
30,325
Accounts Receivable, Net
26,172
- -
11,816
Inventories
1,338
- -
1,522
Total Current Liabilities
323,767
- -
320,810
Payables & Accruals
- -
- -
- -
ST Debt
39,768
- -
34,531
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.07%
18.07%
22.15%
Free Cash Flow
-1.79%
96.45%
-58.17%
Net Income, GAAP
-76.8%
-92.91%
-41.26%
Sales/Revenue/Turnover
-1.48%
5.23%
-13.36%
Total Cash Common Dividend
-0.12%
13.46%
122.15%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55,905
71,526
46,378
42,685
217,033
2025
71,928
72,585
50,326
41,080
235,919
2026
59,078
62,349
42,965
40,013
204,405

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-19.13
-8.21
-10.09
- -
-42.66
2025
-5.9
103.06
-83.26
110.75
124.64
2026
1.47
47.37
0.27
22.47
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.23
2025
- -
- -
- -
- -
0.25
2026
- -
- -
- -
- -
- -
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Business
Reliance Infrastructure Limited (RELINFRA.BO), a leading infrastructure company and constituent of the Reliance Group incorporated in 1929, provides engineering, procurement, and construction (EPC) services for power, roads, metro rail, defence, and other infrastructure sectors; develops and operates projects through special purpose vehicles including power generation, transmission, and distribution via subsidiaries such as BSES Rajdhani Power Limited and BSES Yamuna Power Limited serving over 49 lakh customers in Delhi, toll roads across multiple national highways, Mumbai Metro One Private Limited handling daily ridership of around 4 lakh commuters, and defence initiatives through Reliance Defence Limited encompassing propulsion systems, naval systems, aerostructures, and joint ventures like Dassault Reliance Aerospace Limited and Thales Reliance Defence Systems Limited; and executes turnkey projects for clients including the National Highways Authority of India, Nuclear Power Corporation of India Limited, and Maharashtra State Road Development Corporation. Headquartered at Reliance Centre, 19 Walchand Hirachand Marg, Ballard Estate, Mumbai, India, the company operates primarily in India across five states with minor international exposure and focuses on high-growth segments like energy infrastructure, transportation, and defence serving government agencies, utilities, industrial customers, and urban commuters. Recent developments include board approval in July 2025 for raising up to Rs 9,000 crore comprising Rs 6,000 crore in equity instruments and Rs 3,000 crore in non-convertible debentures to fund expansion; a July 2025 commitment to invest Rs 18,000 crore in defence, aerospace including manufacturing Dassault Aviation's Falcon 2000 business jet, and renewable energy sectors with partnerships alongside firms like Diehl Defence, Rheinmetall AG, and Coastal Mechanics; incorporation of four new wholly-owned subsidiaries under Reliance Energy Limited in early 2025 for renewable constructors, green innovation, cleantech mobility, and low-emission vehicle projects; formation of a new Board of Management in November 2025 to oversee major investments in defence, solar manufacturing, battery production, and BSES power distribution; and reporting a consolidated net profit of Rs 1,911 crore for Q2 FY26 with standalone bank debt at zero and net worth of Rs 24,340 crore.