Reliance Infrastructure Ltd
NSE: RELINFRA BSE: 500390Energy
Reliance Infrastructure Ltd. is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The Co. is also a leading utility Company having a presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. [1]
₹67.7
52W: ₹64.2 — ₹425
PE 0 · Book ₹595 · -89% vs bookMarket Cap₹2,767 Cr
Stock P/E—Price to Earnings
ROCE1.41%Return on Capital
ROE8.12%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Stock is trading at 0.11 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -30.6% over past five years.
- −Promoter holding is low: 19.0%
- −Company has a low return on equity of -8.89% over last 3 years.
- −Contingent liabilities of Rs.2,438 Cr.
- −Company has high debtors of 656 days.
- −Company's cost of borrowing seems high
Shareholding Pattern
Promoters19.05%
FIIs5.53%
DIIs1.24%
Public74.06%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 16.5% | 16.5% | 16.5% | 16.5% | 19.05%▲2.6 | 19.05% | 19.05% | 19.05% |
| FIIs | 12.37% | 8.38%▼4.0 | 9%▲0.6 | 11.35%▲2.3 | 10.26%▼1.1 | 7.07%▼3.2 | 5.72%▼1.4 | 5.53%▼0.2 |
| DIIs | 2.26% | 1.4%▼0.9 | 1.34%▼0.1 | 1.36%▲0.0 | 1.38%▲0.0 | 1.27%▼0.1 | 1.06%▼0.2 | 1.24%▲0.2 |
| Public | 68.75% | 73.59%▲4.8 | 73.01%▼0.6 | 70.66%▼2.4 | 69.18%▼1.5 | 72.47%▲3.3 | 74.03%▲1.6 | 74.06%▲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 | 190 | 63 | 108 | 31 | 62 | 54 | 65 | 54 | 61 | 60 |
| Expenses | 322 | 109 | 274 | 86 | 124 | 105 | 141 | 101 | 186 | 153 |
| Operating Profit | -132 | -46 | -166 | -55 | -63 | -52 | -75 | -47 | -125 | -94 |
| OPM % | -70% | -72% | -153% | -176% | -102% | -96% | -115% | -88% | -204% | -157% |
| Net Profit | -150 | -158 | -1,071 | -206 | 2,084 | -3,203 | 216 | 109 | -601 | -140 |
| EPS ₹ | -3.79 | -4 | -27.03 | -5.21 | 52.61 | -80.85 | 5.45 | 2.67 | -14.72 | -3.42 |
AI Insights
Revenue Trend
TTM revenue at ₹240Cr, up 13.2% YoY. OPM at -142%.
Debt Position
Borrowings at ₹706Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.
Institutional Flow
DIIs: 1.24% (-1.82pp change). FIIs: 5.53% (-7.39pp change). Promoters hold 19.05%.
Margin & Efficiency
ROCE declining from 7% (Mar 2014) to -1% (Mar 2025). Working capital days: -4672.
Recent Announcements
- Board Meeting Intimation for Board Meeting 17h - Board meets May 23, 2026 to approve FY26 audited results and consider fund raising options.
- Report Of The Monitoring Agency For The Quarter Ended March 31, 2026 2d - Monitoring agency report for quarter ended March 31, 2026; no deviations, no proceeds used, warrants lapsed in April 2026.
- Announcement under Regulation 30 (LODR)-Conversion of Securities 29 Apr - 7.96 crore outstanding warrants lapsed after non-conversion within the prescribed 18-month period.
- Announcement under Regulation 30 (LODR)-Conversion of Securities 24 Apr - 3.35 crore warrants lapsed on April 24, 2026 after non-conversion within 18 months.
- Newspaper Publication - Special Window For Transfer And Dematerialisation Of Physical Shares 24 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse