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Reliance Infrastructure Performance

Days Range

Low: ₹231.15
High: ₹245.25
Previous Close ₹241.20
Open ₹243.30
Volume 31,75,675
Day’s Range ₹231.15 - ₹245.25
52W Range ₹114.60 - ₹251.70
Market Cap ₹9,584.39 Cr

Fundamentals of Reliance Infrastructure

ROCE (TTM) 7.45%
P/E Ratio (TTM) NA
P/B Ratio 1
Industry P/E 34.11
Debt to Equity 1.13
ROE -12.45%
EPS (TTM) NA
Dividend Yield NA
Book Value 242
Face Value 10

Financials of Reliance Infrastructure

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales4,159.275,564.67,170.64,657.33
Expenses4,714.175,801.676,490.664,491.07
Profit before tax-2,565.45-494.88-118.3-6.57
Operating Profit-2,564.18-494.83-123.73-21.58
Net Profit-2,564.18-494.83-123.73-21.58
EPS in Rs-5.27-5.41-8.21-68.36

About Reliance Infrastructure

History

Reliance Infrastructure Ltd, or RInfra, is one of the largest infrastructure companies in India. It develops major projects through various Special Purpose Vehicles (SPVs) in high-growth sectors such as Power, Roads, and Metro Rail in the Infrastructure space and also the Defence sector.

Established in October 1929 as Bombay Suburban Electric Supply Ltd (BSES), the company experienced significant growth from 1995-96, following the completion of a 2 x 250 MW Generation Project at Dahanu. In 1996-97, the Aarey Receiving Station was commissioned. The company was listed on the BSE in November 1991.

In March 2000, the company operated ‘BSES Telecom’ in Mumbai as an Internet service provider (ISP) and also had a fibre optic network to support their last mile services. The company’s name was changed to Reliance Energy Ltd in 2004 and then to Reliance Infrastructure Ltd in 2008. During the year 2007-08, the company also entered into various contracts in the fields of energy and infrastructure business.

In 2015, Reliance Infrastructure set up 3 new subsidiaries to pursue growth opportunities in the defence sector. In 2016, RInfra announced the sale of its 100% stake in its transmission assets and the Mumbai power business the following year. The objective behind the sale was to monetise non-core businesses and focus on major growth areas like Defence and the engineering business. In April 2017, it received approval from the National Highway Authority of India (NHAI) to receive road projects under the Reliance Infrastructure InvIT Fund. In 2018, the company’s joint venture with Astaldi S.p.A (Italy) bagged the engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai.

Business Segments

The company is predominantly engaged in the business of engineering, construction, erection and commissioning of infrastructure projects. It earns revenue from 4 major business segments listed below:

  1. Energy – Following the privatisation of Delhi’s power sector in 2002, the business of power distribution was transferred to BSES Delhi Discom which is based on both BSES Rajdhani Power Limited and BSES Yamuna Power Limited.
  2. Infrastructure – Under this segment, the businesses of roads, metro and airports are covered.
    1. Roads – The company is a major developer of road and highway projects for the National Highways Authority of India (NHAI), usually operating under the build, operate, transfer (BOT) scheme.
    2. Metro – Reliance Infrastructure is a part of Mumbai Metro One, i.e. the special purpose vehicle responsible for the metro railways in Mumbai.
    3. Airports – Reliance Infrastructure, with its subsidiary company, Reliance Airport Developers Private Limited (RADPL), operates 5 brownfield airports for business jets in Maharashtra.
  3. Engineering and Construction (E&C) – The E&C division builds and implements power generation projects on a turnkey basis. Past projects include rural electrification, hydropower projects, co-generation plants, thermal power plants, etc.
  4. Defence – In this segment, the company partners with multiple foreign OEMs such as Dassault Aviation, Diehl, Safran, etc. for both aviation, land systems and naval systems. Products include various defence equipment ranging from light machine guns to radars.

Subsidiaries

The company has several subsidiaries, some of which are:

  1. Dassault Reliance Aerospace Limited – Reliance Infrastructure holds a 51% stake in this company that assembles large aerostructures for Falcon and Rafale Engine Doors.
  2. TD Toll Road Private Limited – This company provides road connectivity between Trichy and Dindigul.
  3. Delhi Airport Metro Express Private Limited – This company is in charge of the maintenance and operation of the Delhi Metro.
  4. Reliance Smart Cities Limited – This subsidiary is engaged in the construction sector.

Key Personnel

Punit Garg, CEO

Mr Garg has been a part of the senior management team of Reliance Group since 2001 and has been involved in making a number of strategic decisions for the company. He previously served as an Executive Director on the Board of Reliance Communications Ltd and has a rich experience of over 34 years.

Corporate Actions

The company has not had any major corporate actions performed in the recent past.

Mergers and Acquisitions

  • In 2019, Reliance Global Ltd turned into a subsidiary of RInfra and Reliance Electric Generation and Supply Ltd stopped being a subsidiary of the same.
  • In March 2015, Reliance Infrastructure announced that it was acquiring Pipavav Defence and Offshore Engineering Company Limited.
  • In 2013, Western Region Transmission (Gujarat) Private Limited (WRTGL) and Western Region Transmission (Maharashtra) Private Limited (WRTML) were approved for a merger with RInfra.
  • The company’s directors approved a merger of Reliance Goa and Samalkot Power Ltd, Reliance Energy Ltd, Reliance Energy Generation Ltd, Reliance Infraventures Ltd and Reliance Property Developers Ltd, alongside the demerger of the container business undertaking of Reliance Infrastructure Engineers Pvt Ltd with the company.
Parent Organisation Anil Ambani
Founded 1929
Managing Director Sateesh Seth
NSE Symbol RELINFRA

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Jaypee Infratech Ltd ₹176.39

1.25

0.00 (0.00)

1.2 - 1.3
Vindhya Telelinks Ltd ₹3,027.38

2585.7

25.50 (1.00%)

2547.25 - 2644
IL&FS Engineering & Construction Co Ltd ₹695.07

50.65

0.00 (0.00)

50.65 - 50.65
H.G. Infra Engineering Ltd ₹6,110.44

924.15

13.00 (-1.39%)

921.2 - 947.65
G R Infraprojects Ltd ₹11,441.69

1190.55

7.35 (0.62%)

1160 - 1230

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FAQs

What is the Share price of Reliance Infrastructure (RELINFRA)?

Reliance Infrastructure (RELINFRA) share price as of February 21, 2024, on NSE is Rs 232.45 (NSE) and Rs 232.65 (BSE) on BSE.

Can I buy Reliance Infrastructure (RELINFRA) shares?

Yes, You can buy Reliance Infrastructure (RELINFRA) shares by opening a Demat account with Angel One.

How do I buy Reliance Infrastructure (RELINFRA) from Angel One?

Reliance Infrastructure (RELINFRA) share can be brought through the following modes:
  1. Direct investment: You can buy Reliance Infrastructure (RELINFRA) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Reliance Infrastructure (RELINFRA) shares.

Is Reliance Infrastructure a Debt free Company?

No, Reliance Infrastructure is not a debt-free company.

What is the main business of Reliance Infrastructure ?

Reliance Infrastructure is an infrastructure company that engages in project development in power, roads, metro rail, and airports segments.

Who are the promoters of Reliance Infrastructure ?

Reliance Project Ventures and Management Pvt. Ltd., Risee Pvt. Ltd., Reliance Big Pvt. Ltd. Kokila D Ambani, Anil Ambai, Tina Ambani etc. are the promoters of Reliance Infrastructure along with