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Reliance Industries Valuation Multiples

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

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 Financial 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 that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.


Founded

1973

HQ

India
Employees

347.4K+

Website

ril.com

Financials

LTM Revenue $114B

LTM EBITDA $19.9B

EV

$239B

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Reliance Industries Financials

Reliance Industries has a last 12-month revenue of $114B and a last 12-month EBITDA of $19.9B.

In the most recent fiscal year, Reliance Industries achieved revenue of $106B 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

LTM NTM FY 2025 FY 2026 FY 2027
Revenue $114B XXX XXX XXX XXX
Gross Profit $40.6B XXX XXX XXX XXX
Gross Margin 36% XXX XXX XXX XXX
EBITDA $19.9B XXX XXX XXX XXX
EBITDA Margin 17% XXX XXX XXX XXX
EBIT $13.5B XXX XXX XXX XXX
EBIT Margin 12% XXX XXX XXX XXX
Net Profit $8.4B XXX XXX XXX XXX
Net Margin 7% XXX XXX XXX XXX
Net Debt $27.1B XXX XXX XXX XXX

Financial data powered by Morningstar, Inc.

Reliance Industries Stock Performance

As of May 30, 2025, Reliance Industries's stock price is INR 1418 (or $17).

Reliance Industries has current market cap of INR 19.19T (or $225B), and EV of INR 20.44T (or $239B).

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Reliance Industries Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$239B $225B XXX XXX XXX XXX $0.62

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Reliance Industries Valuation Multiples

As of May 30, 2025, Reliance Industries has market cap of $225B and EV of $239B.

Reliance Industries's trades at 2.1x EV/LTM Revenue multiple, and 12.0x EV/LTM EBITDA.

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

Reliance Industries has a P/E ratio of 26.6x.

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Reliance Industries Financial Valuation Multiples

LTM NTM FY 2025 FY 2026 FY 2027
Market cap (current) $225B XXX XXX XXX XXX
EV (current) $239B XXX XXX XXX XXX
EV/Revenue 2.1x XXX XXX XXX XXX
EV/EBITDA 12.0x XXX XXX XXX XXX
EV/EBIT 17.8x XXX XXX XXX XXX
EV/Gross Profit 5.9x XXX XXX XXX XXX
P/E 26.6x XXX XXX XXX XXX
EV/FCF 65.1x XXX XXX XXX XXX

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

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Reliance Industries Margins & Growth Rates

Reliance Industries's last 12 month revenue growth is 6%

Reliance Industries's revenue per employee for the last 12 months averaged $0.3M, while opex per employee averaged $39K for the same period.

Reliance Industries's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Reliance Industries's rule of X is 34% (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 FY 2025 FY 2026 FY 2027
Revenue Growth 6% XXX XXX XXX XXX
EBITDA Margin 17% XXX XXX XXX XXX
EBITDA Growth 13% XXX XXX XXX XXX
Rule of 40 26% XXX XXX XXX XXX
Bessemer Rule of X 34% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $39K XXX XXX XXX XXX
S&M Expenses to Revenue 2% XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 13% XXX 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

Valuation data powered by FactSet, Inc.

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 347.4K+ 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 $225B
What is the current revenue of Reliance Industries? Reliance Industries's last 12 months revenue is $114B.
What is the current revenue growth of Reliance Industries? Reliance Industries revenue growth (NTM/LTM) is 6%.
What is the current EV/Revenue multiple of Reliance Industries? Current revenue multiple of Reliance Industries is 2.1x.
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's last 12 months EBITDA is $19.9B.
What is Reliance Industries's EBITDA margin? Reliance Industries's last 12 months EBITDA margin is 17%.
What is the current EV/EBITDA multiple of Reliance Industries? Current EBITDA multiple of Reliance Industries is 12.0x.
What is the current FCF of Reliance Industries? Reliance Industries's last 12 months FCF is $3.7B.
What is Reliance Industries's FCF margin? Reliance Industries's last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Reliance Industries? Current FCF multiple of Reliance Industries is 65.1x.

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