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Reliance Industries Valuation Multiples

Discover revenue and EBITDA valuation multiples for Reliance Industries and similar public comparables like Royal Vopak, ADNOC, and Fugro.

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

India
Employees

247.8K+

Website

ril.com

Financials

Last FY Revenue $111B

Last FY EBITDA $20.8B

EV

$230B

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Reliance Industries Financials

In the most recent fiscal year, Reliance Industries achieved revenue of $111B and an EBITDA of $20.8B.

Reliance Industries expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Reliance Industries P&L

NTM Last FY FY 2025 FY 2026 FY 2027
Revenue XXX $111B XXX XXX XXX
Gross Profit XXX $27.7B XXX XXX XXX
Gross Margin XXX 25% XXX XXX XXX
EBITDA XXX $20.8B XXX XXX XXX
EBITDA Margin XXX 19% XXX XXX XXX
EBIT XXX $12.9B XXX XXX XXX
EBIT Margin XXX 12% XXX XXX XXX
Net Profit XXX $8.0B XXX XXX XXX
Net Margin XXX 7% XXX XXX XXX
Net Debt XXX $28.3B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Reliance Industries Stock Performance

As of August 28, 2025, Reliance Industries's stock price is INR 1385 (or $16).

Reliance Industries has current market cap of INR 18.74T (or $215B), and EV of INR 20.05T (or $230B).

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Reliance Industries Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$230B $215B XXX XXX XXX XXX n/a

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Reliance Industries Valuation Multiples

As of August 28, 2025, Reliance Industries has market cap of $215B and EV of $230B.

Reliance Industries's trades at 2.1x EV/Revenue multiple, and 11.1x EV/EBITDA.

Equity research analysts estimate Reliance Industries's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Reliance Industries's P/E ratio is not available.

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Reliance Industries Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $215B XXX $215B XXX XXX XXX
EV (current) $230B XXX $230B XXX XXX XXX
EV/Revenue n/a XXX 2.1x XXX XXX XXX
EV/EBITDA n/a XXX 11.1x XXX XXX XXX
EV/EBIT n/a XXX 17.8x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E n/a XXX 26.9x XXX XXX XXX
EV/FCF n/a XXX 51.8x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Reliance Industries Margins & Growth Rates

Reliance Industries's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Reliance Industries's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Reliance Industries's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Reliance Industries Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX 19% XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.4M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 2% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 13% XXX XXX XXX

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Reliance Industries Public Comps

See public comps and valuation multiples for Energy Services and Fossil Fuels comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ADNOC XXX XXX XXX XXX XXX XXX
NMDC Energy XXX XXX XXX XXX XXX XXX
Fastned XXX XXX XXX XXX XXX XXX
Fugro XXX XXX XXX XXX XXX XXX
Royal Vopak XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Reliance Industries M&A and Investment Activity

Reliance Industries acquired  XXX companies to date.

Last acquisition by Reliance Industries was  XXXXXXXX, XXXXX XXXXX XXXXXX . Reliance Industries acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Reliance Industries

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About 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 247.8K+ employees.
Is Reliance Industries publicy listed? Yes, Reliance Industries is a public company listed on NSE.
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? Similar companies to Reliance Industries include e.g. ADNOC, NMDC Energy, Fastned, Fugro.
What is the current market cap of Reliance Industries? Reliance Industries's current market cap is $215B
Is Reliance Industries profitable? Yes, Reliance Industries is EBITDA-positive (as of the last 12 months).

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