Reliance Communications Ltd
NSE: RCOM BSE: 532712Infra
Incorporated in 2004, Reliance Communications Ltd own and operate IP enabled connectivity infrastructure comprising of fibre optic cable systems[1]
₹0.9
52W: ₹0.75 — ₹1.95
PE 0 · Book ₹267 · -100% vs bookMarket Cap₹249 Cr
Stock P/E—Price to Earnings
ROCE0%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹5
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -19.9% over past five years.
- −Promoter holding is low: 0.77%
- −Promoter holding has decreased over last 3 years: -4.41%
Shareholding Pattern
Promoters0.78%
FIIs0.07%
DIIs4.38%
Public93.97%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 1.85% | 1.85% | 1.85% | 0.78%▼1.1 | 0.78% | 0.78% | 0.78% | 0.78% |
| FIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| DIIs | 4.39% | 4.38%▼0.0 | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% |
| Public | 92.9% | 92.9% | 92.89%▼0.0 | 93.96%▲1.1 | 93.97%▲0.0 | 93.97% | 93.96%▼0.0 | 93.97%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73 | 71 | 70 | 75 | 66 | 65 | 64 | 61 | 64 | 40 |
| Expenses | 1,093 | 85 | 87 | 76 | 81 | 112 | 65 | 78 | 136 | 90 |
| Operating Profit | -1,020 | -14 | -17 | -1 | -15 | -47 | -1 | -17 | -72 | -50 |
| OPM % | -1397% | -20% | -24% | -1% | -23% | -72% | -2% | -28% | -112% | -125% |
| Net Profit | -1,748 | -1,778 | -1,837 | -1,919 | -2,025 | -2,068 | -2,113 | -2,217 | -2,347 | -2,401 |
| EPS ₹ | -6.32 | -6.43 | -6.64 | -6.94 | -7.32 | -7.48 | -7.64 | -8.02 | -8.49 | -8.68 |
AI Insights
Revenue Trend
TTM revenue at ₹229Cr, down 15.2% YoY. OPM at -61%.
Debt Position
Borrowings at ₹39,934Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.
Capex Cycle
CWIP at ₹53Cr (6% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 4.38% (-0.02pp change). FIIs: 0.07% (-0.07pp change). Promoters hold 0.78%.
Margin & Efficiency
ROCE declining from 2% (Mar 2014) to 0% (Mar 2025). Working capital days: -105288.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Resignation of Director 5m - Smt. Grace Thomas resigned as non-executive, non-independent director effective May 14, 2026.
- Pursuant To Regulation 30 Read With Sub-Clause 19 Under Para A Of Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015 10 May - CBI searched director Grace Thomas’s residence on May 9, 2026, seizing records; RCOM expects no operational impact.
- Frauds-Initial Disclosure 9 May - PNB classifies RTL loan account and Grace Thomas as fraud for ₹201.51 crore on April 22, 2026.
- Intimation In Accordance With Regulation 30 Of The SEBI (LODR) Regulations, 2015 8 May - CBI seized committee minutes from RCom's Navi Mumbai office on May 7, 2026.
- Central Bureau Of Investigation Conducted A Seizure Operation At The Office Premises Of Reliance Communications Limited 22 Apr - CBI seized records at RCom’s Navi Mumbai office on April 21, 2026, relating to NCDs and commercial papers.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse