Reliance Infrastructure Limited (RELINFRA) AI Stock Analysis

• Market Cap: ₹106.13B
• Dividend Yield: N/A
• Average Volume (3M): 228.86K
• Price to Earnings (P/E): 2.0
• Beta (1Y): 2.11
• Revenue Growth: -5.77%
• EPS Growth: N/A
• Country: IN
• Employees: 4,604
• Sector: Utilities
• Sector Strength: 78
• Industry: Regulated Electric
• EPS (TTM): 1.47
• Shares Outstanding: 408,631,200
• 10 Day Avg. Volume: 280,439
• 30 Day Avg. Volume: 228,860
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 4.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹316.00
• Price Target Upside: 21.54% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹316.00 ▲(21.54% Upside)

Reliance Infrastructure Limited's overall stock score is primarily influenced by its strong financial performance and attractive valuation. However, bearish technical indicators and weak market sentiment lower its overall score. The lack of earnings call and corporate events data limits additional insights.

Reliance Infrastructure Limited Business Overview & Revenue Model

Company Description

Reliance Infrastructure Limited (RELINFRA) is a part of the Reliance Group and is one of the largest infrastructure companies in India. The company operates in various sectors including power, infrastructure, construction, and engineering. It is involved in the development, construction, and operation of projects across various segments such as roads, bridges, metro rail, airports, and real estate. Additionally, Reliance Infrastructure manages and operates power plants and distributes electricity in several regions, contributing significantly to its business portfolio.

How the Company Makes Money

Reliance Infrastructure Limited generates revenue through multiple streams. Primarily, it earns income from its infrastructure projects, including the construction and operation of roads, bridges, and metro rail systems, where it may receive government contracts or engage in public-private partnerships. The company also earns revenue from its energy sector activities, particularly through the generation and distribution of electricity, where it operates power plants and sells electricity to consumers and businesses. Furthermore, Reliance Infrastructure is involved in the EPC (Engineering, Procurement, and Construction) sector, offering services that contribute to its earnings. Strategic partnerships and joint ventures in various infrastructure projects also play a role in enhancing its revenue streams.

Reliance Infrastructure Limited Financial Statement Overview

Summary

Reliance Infrastructure Limited shows strong revenue growth and profitability improvements. The company has robust operational margins with efficient EBIT margin and improved debt-to-equity ratio. However, the lower equity ratio and decreased free cash flow pose potential risks.

Income Statement

Reliance Infrastructure Limited has shown a significant recovery in its net income, turning from a loss of -16.09 billion in 2024 to a profit of 49.38 billion in 2025. Revenue growth is strong, with a 10.61% increase from 2024 to 2025. Gross profit margin stands at 37.17%, and net profit margin has improved to 20.57%. The EBIT margin is robust at 32.33%, indicating efficient operations.

Balance Sheet

The company's debt-to-equity ratio improved to 0.44 in 2025, indicating a more stable financial leverage compared to previous years. However, the equity ratio decreased to 21.92%, suggesting a higher proportion of liabilities to assets. Return on equity is strong at 34.22%, reflecting good profitability relative to shareholder investment.

Cash Flow

Free cash flow decreased by 23.97% from 2024 to 2025, despite positive operating cash flow. The operating cash flow to net income ratio is 0.74, indicating the company generates sufficient cash from operations relative to its net income. However, free cash flow to net income ratio is 0.47, suggesting room for improvement in converting net income to free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	237.52B	239.99B	217.03B	205.63B	185.83B	162.17B
Gross Profit	86.73B	89.20B	55.34B	47.51B	49.60B	39.69B
EBITDA	58.63B	58.63B	30.32B	8.63B	24.91B	67.20B
Net Income	49.38B	49.38B	-16.09B	-32.21B	-9.99B	11.25B
Balance Sheet
Total Assets	658.41B	658.41B	591.81B	609.93B	625.33B	621.63B
Cash, Cash Equivalents and Short-Term Investments	28.81B	28.81B	29.53B	15.85B	12.36B	9.15B
Total Debt	63.61B	63.61B	98.95B	115.10B	127.18B	139.07B
Total Liabilities	420.28B	420.28B	453.23B	470.40B	461.98B	475.28B
Stockholders Equity	144.30B	144.30B	87.47B	92.94B	124.07B	108.60B
Cash Flow
Free Cash Flow	0.00	23.35B	30.70B	21.15B	29.89B	4.54B
Operating Cash Flow	0.00	36.57B	40.97B	34.58B	37.99B	14.36B
Investing Cash Flow	0.00	-17.31B	-6.37B	-13.33B	-5.02B	4.47B
Financing Cash Flow	0.00	-12.52B	-15.98B	-22.42B	-29.42B	-15.31B

Reliance Infrastructure Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 260.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELINFRA, the sentiment is Negative. The current price of 260 is below the 20-day moving average (MA) of 317.88, below the 50-day MA of 359.94, and below the 200-day MA of 292.41, indicating a bearish trend. The MACD of -28.60 indicates Positive momentum. The RSI at 26.03 is Positive, neither overbought nor oversold. The STOCH value of 8.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RELINFRA.

Reliance Infrastructure Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TORNTPOWER	71 Outperform	₹669.96B	24.04		1.39%	-2.95%	16.18%
POWERGRID	68 Neutral	₹2.68T	17.39		3.64%	0.40%	-1.70%
Sector *	66 Neutral	¥392.83B	13.71	9.30%	2.57%	3.87%	9.47%
RELINFRA	64 Neutral	₹106.13B	1.97		―	-5.77%	―
CESC	63 Neutral	₹216.07B	15.68		2.76%	9.43%	-2.10%
NHPC	62 Neutral	₹826.20B	27.01		2.32%	13.90%	-15.41%
TATAPOWER	62 Neutral	₹1.23T	30.31		0.58%	4.23%	9.91%

Reliance Infrastructure Limited Corporate Events

Reliance Infrastructure’s Strategic Growth Initiative

Reliance Infrastructure Limited, along with Reliance Power, has announced a strategic initiative to raise ₹18,000 crore through equity and debt to fuel growth in Defence & Aerospace and Renewable Energy sectors. This move, backed by unanimous board approval, underscores the group’s commitment to long-term stakeholder value and positions them as a key player in India’s defence export market and power distribution in Delhi. The leadership meet highlighted strategic partnerships with global companies like Dassault Aviation and Rheinmetall AG, aiming to enhance their manufacturing capabilities and market presence.

Reliance Infrastructure Unaffected by ED Actions, Continues Business as Usual

Reliance Infrastructure Limited announced that the Enforcement Directorate’s actions have concluded without impacting its business operations or stakeholders. The allegations relate to transactions of separate entities, Reliance Communications and Reliance Home Finance, which have no financial or business linkage to Reliance Infrastructure. The company remains focused on its business plans and continues to operate normally.

Reliance Infrastructure to Hold Virtual AGM on August 8, 2025

Reliance Infrastructure Limited has announced that its 96th Annual General Meeting (AGM) will be held on August 8, 2025, through video conferencing, allowing members to participate remotely. The company has sent the annual report and AGM notice electronically to members with registered emails, encouraging others to update their contact details for seamless communication. This move aligns with regulatory compliance and aims to enhance shareholder engagement and operational efficiency.

Reliance Infrastructure Announces Final Hearing Date for Scheme of Arrangement

Reliance Infrastructure Limited has announced a final hearing date for the Scheme of Arrangement between itself and Reliance Velocity Limited, scheduled for July 30, 2025, before the National Company Law Tribunal in Mumbai. This scheme is significant as it involves the merger of Reliance Velocity Limited into Reliance Infrastructure Limited, which could potentially impact the company’s market positioning and shareholder interests.