₹1325.0
+0.08% today
· 30d +13.16%
as of 2026-11-09
Price · Daily Candles
“Reliance faces headwinds: Q1 profit tumbles 24.65% YoY as FIIs trim holdings.”
Reliance Industries, India's energy and telecom conglomerate, reported a challenging Q1 2026 with net profit down 24.65% YoY to ₹23,196 Cr. This comes despite a 25.41% increase in Q1 revenue to ₹311,850 Cr. FIIs have reduced their stake by 1.47% QoQ, while DIIs increased theirs by 0.64% over the same period.
BULL CASE
+Q1 2026 revenue surged by 25.41% YoY to ₹311,850 Cr, demonstrating top-line expansion.
+Promoter shareholding increased by 0.48% QoQ to 50.48% in Q1 2026.
+EBIT 1-year growth ranks are strong, with rolling 4-year at 0.765 and recent 2-year at 0.592.
+The trailing twelve months PE ratio stands at 23.15, notably higher than peers like IOC at 5.36 and BPCL at 7.73, suggesting market confidence in future prospects.
BEAR CASE
−Q1 2026 net profit fell sharply by 24.65% YoY to ₹23,196 Cr.
−Operating profit for Q1 2026 also declined by 6.82% YoY to ₹54,067 Cr, with OPM dropping by 5.02%.
−FIIs have reduced their stake by 1.47% QoQ in Q1 2026, while DIIs increased holdings by 0.64%.
−The stock is trading 21.05% below its 52-week high of ₹1611.8, with a 'strong' bearish signal for 'Near 52W Low' (1.54).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹332861 Cr
+28.57% YoY
NET PROFIT
₹29550 Cr
+33.76% YoY
OPM
18.43%
-0.69pp YoY
EPS
₹18.88
PE 23.15
Intrinsic value · DCF ₹1024.40 · Margin of safety -22.7% (fair) · FCF yield 3.86%
◇ Sector Position
Reliance trades at a PE of 23.15 and ROCE of 10.0%, significantly higher on PE than peers like IOC (5.36 PE, 15.62% ROCE) and BPCL (7.73 PE, 22.73% ROCE), but with lower profitability than some.
PEERPEROCE %
RELIANCE23.1510.0
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ML Forward Growth Predictions 🔒
56
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
NEUTRAL
40
Valuation
REASONABLE
60
Growth
STEADY
59
Profitability
DECENT
68
Technicals
NEUTRAL
58
Risk
MODERATE
50
Key Stats
TTM PE
23.15
P/B
1.91
52W HIGH
₹1611.8
OFF HIGH
-17.79%
DIV YIELD
0.47%
MKT CAP
₹1792128 Cr
◉ Active Signals
MACDBullish16.876
RSI(14)Bullish69.61
Street Consensus
32 analysts₹1681.69
mean target
Low ₹1360.0Now ₹1325.0High ₹1890.0
⧉ Strategy Fit 🔒