Oil, Gas & Consumable Fuels · NSE: RELIANCE
Intrynsic's multi-model valuation estimates Reliance Industries Limited's fair value at ₹682 per share (range ₹657–₹857) against a market price of ₹1,278 - a gap of -46.6% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹1,278
close of 24 Jul 2026
Est. fair value
₹682
₹657–₹857
Gap
-46.6%
price vs estimate
Trading ~47% above our estimated fair-value range. Assumptions and per-model workings are below.
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.
Oil, Gas & Consumable Fuels · Oil
Over the last 3 years, revenue grew 6.4%/yr and profit grew 8.9%/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 values Reliance Industries Limited with 4 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| EV/EBITDAIndustry Comparison Method | ₹657 | -49% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹857 | -33% | - |
| P/E MultipleEarnings Multiple Method | ₹823 | -36% | - |
| DCFFuture Cash Flows Method | ₹682 | -47% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 39.6% a year for the next decade - versus 11.0% historical revenue growth.
| Revenue | ₹10,55,780 Cr | |
| Net profit | ₹95,754 Cr | |
| EPS | ₹59.69 | |
| Free cash flow | ₹69,197 Cr | |
| ROE (latest) | 10.6% | |
| Revenue growth (CAGR) | 14.8% | |
| Profit growth (CAGR) | 13.8% |
Intrynsic's multi-model valuation estimates Reliance Industries Limited's fair value at ₹682 per share (range ₹657–₹857), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
Reliance Industries Limited trades at ₹1,278 against Intrynsic's estimated fair value of ₹682 - the market price is 47% 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 21.4 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. 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