Oil, Gas & Consumable Fuels · NSE: RELIANCE
Intrynsic's multi-model valuation estimates Reliance Industries Limited's fair value at ₹701 per share (range ₹602–₹789) against a market price of ₹1,185 (close of 22 Oct 2026): the estimate is 41% below the price. Estimate updated 22 October 2026. This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹1,185
close of 22 Oct 2026
Est. fair value
₹701
₹602–₹789
Estimate vs price
-40.8%
estimate below price
Above fair-value est.
Reliance Industries is India's largest company, spanning oil refining, petrochemicals, telecom (Jio) and retail. Its energy business funds fast-growing consumer and digital arms.
FY26
FY26
FY26
FY26
Over the last 3 years, revenue grew 6.4%/yr and profit grew 8.9%/yr. Over 9 years, revenue grew 14.8%/yr and profit 13.8%/yr.
Every ₹100 of shareholder money earned ₹10.6 in profit last year, vs a sector median of 12.8%.
Debt is only 0.45x shareholder equity — a light load.
The market price is above our estimated fair-value range (based on stated assumptions).
About ₹15 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic's multi-model valuation estimates Reliance Industries Limited's fair value at ₹701 per share (range ₹602–₹789), last updated 22 October 2026. This is an estimate based on stated assumptions, not investment advice.
Reliance Industries Limited trades at ₹1,185 against Intrynsic's estimated fair value of ₹701 - the market price is 41% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Reliance Industries Limited trades at about 19.8 times its latest annual earnings per share.
Reliance Industries is India's largest company, spanning oil refining, petrochemicals, telecom (Jio) and retail. Its energy business funds fast-growing consumer and digital arms.
Intrynsic runs 4 valuation models for Reliance Industries Limited (EV/EBITDA, EV/EBIT, P/E Multiple, DCF) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions- they are not investment advice, research recommendations, or an offer to transact in any security. The models rely on assumptions (discount rates, growth, multiples) that may prove wrong and on past financials, which do not guarantee future results; prices also move on macro factors the models don't capture. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy