Reliance Industries Limited Stock Target Price
| RIGD Stock | USD 59.60 2.10 3.65% |
Reliance Industries Limited fundamentals help investors to digest information that contributes to Reliance Industries' financial success or failures. It also enables traders to predict the movement of Reliance Stock. The fundamental analysis module provides a way to measure Reliance Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Reliance Industries stock.
Reliance | Target Price |
Reliance Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Industries' direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Industries could also be used in its relative valuation, which is a method of valuing Reliance Industries by comparing valuation metrics of similar companies.Reliance Industries is currently under evaluation in target price category among its peers.
Reliance Industries Current Valuation Drivers
We derive many important indicators used in calculating different scores of Reliance Industries from analyzing Reliance Industries' financial statements. These drivers represent accounts that assess Reliance Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Reliance Industries' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 6.3T | 11.7T | 15.8T | 14.3T | 20.1T | 21.1T | |
| Enterprise Value | 9.5T | 14.2T | 18.3T | 17.3T | 22.6T | 23.7T |
Reliance Fundamentals
| Return On Equity | 0.0813 | ||||
| Return On Asset | 0.0399 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 217.46 B | ||||
| Shares Owned By Institutions | 0.80 % | ||||
| Price To Book | 2.08 X | ||||
| Price To Sales | 1.84 X | ||||
| Revenue | 9.01 T | ||||
| Gross Profit | 3.16 T | ||||
| EBITDA | 1.65 T | ||||
| Net Income | 696.21 B | ||||
| Total Debt | 1.02 T | ||||
| Book Value Per Share | 2,346 X | ||||
| Cash Flow From Operations | 1.59 T | ||||
| Earnings Per Share | 2.42 X | ||||
| Price To Earnings To Growth | 1.45 X | ||||
| Target Price | 77.83 | ||||
| Number Of Employees | 347.36 K | ||||
| Beta | 0.65 | ||||
| Market Capitalization | 220.07 B | ||||
| Total Asset | 17.56 T | ||||
| Retained Earnings | 6.33 T | ||||
| Working Capital | 727.33 B | ||||
| Net Asset | 17.56 T |
About Reliance Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Reliance Industries Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Industries Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Reliance Industries financial ratios help investors to determine whether Reliance Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reliance with respect to the benefits of owning Reliance Industries security.