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Reliance Industries Valuation Multiples
Discover revenue and EBITDA valuation multiples for Reliance Industries and similar public comparables like TotalEnergies, CNOOC, Siemens Energy, Shell and more.
Reliance Industries Overview
About Reliance Industries
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services, and other services. Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment, which derives the majority of revenue, includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.
Founded
1973
HQ
Employees
247.8K
Website
Sectors
Financials (LTM)
EV
$213B
Reliance Industries Financials
Reliance Industries reported last 12-month revenue of $110B and EBITDA of $20B.
In the same LTM period, Reliance Industries generated $41B in gross profit, $20B in EBITDA, and $9B in net income.
Revenue (LTM)
Reliance Industries P&L
In the most recent fiscal year, Reliance Industries reported revenue of $113B and EBITDA of $20B.
Reliance Industries expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $110B | XXX | $113B | XXX | XXX | XXX |
| Gross Profit | $41B | XXX | $26B | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $20B | XXX | $20B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $9B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $27B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Reliance Industries Stock Performance
Reliance Industries has current market cap of $199B, and enterprise value of $213B.
Market Cap Evolution
Reliance Industries' stock price is $14.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $213B | $199B | 0.5% | XXX | XXX | XXX | $0.60 |
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Start Free TrialReliance Industries Valuation Multiples
Reliance Industries trades at 1.9x EV/Revenue multiple, and 10.7x EV/EBITDA.
EV / Revenue (LTM)
Reliance Industries Financial Valuation Multiples
As of April 19, 2026, Reliance Industries has market cap of $199B and EV of $213B.
Equity research analysts estimate Reliance Industries' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Reliance Industries has a P/E ratio of 22.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $199B | XXX | $199B | XXX | XXX | XXX |
| EV (current) | $213B | XXX | $213B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.7x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBIT | 15.3x | XXX | 16.3x | XXX | XXX | XXX |
| EV/Gross Profit | 5.2x | XXX | 8.2x | XXX | XXX | XXX |
| P/E | 22.8x | XXX | 24.5x | XXX | XXX | XXX |
| EV/FCF | 43.3x | XXX | 41.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Reliance Industries Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Reliance Industries Margins & Growth Rates
Reliance Industries' revenue in the last 12 month grew by 9%.
Reliance Industries' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Reliance Industries' rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Reliance Industries' rule of X is 39% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Reliance Industries Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Reliance Industries Public Comps
See public comps and valuation multiples for other Energy Services and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Reliance Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| TotalEnergies | XXX | XXX | XXX | XXX | XXX | XXX |
| CNOOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Siemens Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Shell | XXX | XXX | XXX | XXX | XXX | XXX |
| China Shenhua Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Reliance Industries M&A Activity
Reliance Industries acquired XXX companies to date.
Last acquisition by Reliance Industries was on XXXXXXXX, XXXXX. Reliance Industries acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Reliance Industries
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialReliance Industries Investment Activity
Reliance Industries invested in XXX companies to date.
Reliance Industries made its latest investment on XXXXXXXX, XXXXX. Reliance Industries invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Reliance Industries
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Reliance Industries
| When was Reliance Industries founded? | Reliance Industries was founded in 1973. |
| Where is Reliance Industries headquartered? | Reliance Industries is headquartered in India. |
| How many employees does Reliance Industries have? | As of today, Reliance Industries has over 247K employees. |
| Is Reliance Industries publicly listed? | Yes, Reliance Industries is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Reliance Industries? | Reliance Industries trades under RELIANCE ticker. |
| When did Reliance Industries go public? | Reliance Industries went public in 1995. |
| Who are competitors of Reliance Industries? | Reliance Industries main competitors are TotalEnergies, CNOOC, Siemens Energy, Shell. |
| What is the current market cap of Reliance Industries? | Reliance Industries' current market cap is $199B. |
| What is the current revenue of Reliance Industries? | Reliance Industries' last 12 months revenue is $110B. |
| What is the current revenue growth of Reliance Industries? | Reliance Industries revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Reliance Industries? | Current revenue multiple of Reliance Industries is 1.9x. |
| Is Reliance Industries profitable? | Yes, Reliance Industries is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Reliance Industries? | Reliance Industries' last 12 months EBITDA is $20B. |
| What is Reliance Industries' EBITDA margin? | Reliance Industries' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Reliance Industries? | Current EBITDA multiple of Reliance Industries is 10.7x. |
| What is the current FCF of Reliance Industries? | Reliance Industries' last 12 months FCF is $5B. |
| What is Reliance Industries' FCF margin? | Reliance Industries' last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Reliance Industries? | Current FCF multiple of Reliance Industries is 43.3x. |
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