Reliance Infrastructure Limited (IN:RELINFRA)
:RELINFRA
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Reliance Infrastructure Limited
(RELINFRA)
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Rating:55Neutral
Price Target:
₹85.00
▼(-48.42% Downside)
Action:Reiterated
Date:03/25/26
The score is supported primarily by improved financial performance, including a sharp profit turnaround and strong margins. It is held back by very weak technicals (price far below major moving averages with negative momentum) and a stretched valuation (P/E 152.35) with no dividend yield provided.
Positive Factors
Profitability turnaround
A dramatic net income recovery to 49.38B from a -16.09B loss signals a structural improvement in earnings capacity. Sustained profitability improves internal funding, strengthens credit metrics and reduces refinancing pressure, supporting project bids and long-term capital allocation.
Negative Factors
Low equity ratio
A 21.92% equity ratio leaves a thin capitalization buffer and increases sensitivity to shocks such as cost overruns or delayed receivables. Structurally lower equity relative to assets can constrain balance-sheet flexibility and raise refinancing or covenant risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
A dramatic net income recovery to 49.38B from a -16.09B loss signals a structural improvement in earnings capacity. Sustained profitability improves internal funding, strengthens credit metrics and reduces refinancing pressure, supporting project bids and long-term capital allocation.
Read all positive factors
Reliance Infrastructure Limited (RELINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.64B
Dividend YieldN/A
Average Volume (3M)125.05K
Price to Earnings (P/E)152.4
Beta (1Y)2.05
Revenue Growth-14.99%
EPS Growth1812.49%
CountryIN
Employees4,604
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)77.06
Shares Outstanding408,631,200
10 Day Avg. Volume110,070
30 Day Avg. Volume125,054
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.72
Price to Sales (P/S)0.44
P/FCF Ratio4.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Reliance Infrastructure Limited Business Overview & Revenue Model
Company Description
Reliance Infrastructure Limited, an infrastructure company, generates, transmits, and distributes electrical power to residential, industrial, commercial, and other consumers in India. It operates through three segments: Power; Engineering and Con...
How the Company Makes Money
RELINFRA primarily makes money through (1) EPC and project execution revenues and (2) income from infrastructure assets and related services, supplemented by other operating and financial income.
1) EPC / project execution revenue: A significant ...
Reliance Infrastructure Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 212.83B | 235.92B | 220.67B | 207.42B | 184.11B | 167.05B |
| Gross Profit | 66.16B | 81.33B | 62.65B | 56.39B | 58.37B | 49.38B |
| EBITDA | 57.60B | 54.67B | 38.33B | 31.27B | 32.92B | 61.20B |
| Net Income | 30.60B | 49.38B | -16.09B | -32.21B | -9.99B | 11.25B |
Balance Sheet | ||||||
| Total Assets | 697.09B | 658.41B | 591.81B | 609.93B | 625.33B | 621.63B |
| Cash, Cash Equivalents and Short-Term Investments | 36.38B | 28.81B | 32.52B | 19.02B | 12.36B | 9.15B |
| Total Debt | 57.37B | 63.61B | 98.95B | 115.10B | 127.18B | 139.07B |
| Total Liabilities | 426.11B | 420.28B | 453.23B | 470.40B | 461.98B | 475.28B |
| Stockholders Equity | 169.10B | 144.30B | 87.47B | 92.94B | 124.07B | 108.60B |
Cash Flow | ||||||
| Free Cash Flow | 12.55B | 23.35B | 30.70B | 21.15B | 29.89B | 4.54B |
| Operating Cash Flow | 12.55B | 36.57B | 40.97B | 34.58B | 37.99B | 14.36B |
| Investing Cash Flow | -4.40B | -17.31B | -4.48B | -13.33B | -5.02B | 4.47B |
| Financing Cash Flow | -7.69B | -12.52B | -36.48B | -22.42B | -29.42B | -15.31B |
Reliance Infrastructure Limited Technical Analysis
Negative
164.80
Price Trends
79.97
Negative
108.28
Negative
171.38
Negative
Market Momentum
-3.79
Positive
21.87
Positive
>-0.01
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 164.8 is above the 20-day moving average (MA) of 76.53, above the 50-day MA of 79.97, and below the 200-day MA of 171.38, indicating a bearish trend. The MACD of -3.79 indicates Positive momentum. The RSI at 21.87 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 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
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹94.31B | 14.87 | ― | 0.82% | 94.55% | 93.38% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | ₹2.79T | 14.72 | ― | 3.37% | 2.05% | 2.63% | |
63 Neutral | ₹239.46B | 12.91 | ― | 3.56% | 9.23% | 12.18% | |
57 Neutral | ₹762.41B | 27.23 | ― | 1.48% | -0.68% | -21.43% | |
55 Neutral | ₹27.64B | 152.35 | ― | ― | -14.99% | 1812.49% | |
51 Neutral | ₹1.32T | 32.32 | ― | 0.59% | -4.66% | -5.61% |
* Utilities Sector Average
IN:RELINFRA
Reliance Infrastructure Limited
67.71
-208.59
-75.49%
IN:CESC
CESC Ltd
180.65
14.33
8.62%
IN:GENUSPOWER
Genus Power Infrastructures Limited
310.00
-6.87
-2.17%
IN:POWERGRID
Power Grid Corporation of India Limited
300.05
13.27
4.63%
IN:TATAPOWER
Tata Power Company Limited
413.40
14.00
3.51%
IN:TORNTPOWER
Torrent Power Limited
1,513.00
133.45
9.67%
Reliance Infrastructure Limited Corporate Events
Reliance Infrastructure Warrants Lapse After Non‑Conversion
Apr 24, 2026
Reliance Infrastructure Limited has announced that 3.35 crore outstanding warrants issued by the company have lapsed after not being converted within the prescribed 18‑month period. The lapse also entails forfeiture of the amounts already pa...
Reliance Infrastructure Opens Special Window for Legacy Physical Share Transfers
Apr 24, 2026
Reliance Infrastructure Limited has informed stock exchanges that it has published notices in Financial Express and Navshakti regarding a special window for shareholders holding physical share certificates. The initiative follows a SEBI circular a...
Reliance Infrastructure to Appeal Confirmation of Asset Attachment, Says Operations Unaffected
Apr 21, 2026
Reliance Infrastructure Limited has disclosed that certain company assets have been placed under provisional attachment, and this attachment has now been confirmed by the relevant authorities under SEBI’s Listing Obligations and Disclosure R...
Bombay High Court Partially Upholds Award in Favour of Reliance Infra’s Mumbai Metro JV
Feb 25, 2026
Reliance Infrastructure has disclosed that the Bombay High Court has delivered a judgment on a petition by the Mumbai Metropolitan Region Development Authority challenging an arbitral award in favour of Mumbai Metro One Private Limited, the compan...
Reliance Infrastructure Opens SEBI-Mandated Window for Old Physical Share Transfers
Feb 25, 2026
Reliance Infrastructure Limited has informed exchanges that it has published notices in Financial Express and Navshakti about a special window for shareholders holding physical shares. The initiative follows a SEBI directive and specifically targe...
Reliance Infrastructure Files Additional SEBI Regulation 30 Disclosure, Affirms Accuracy of Submitted Information
Feb 6, 2026
Reliance Infrastructure Limited has notified the stock exchanges that it has submitted an additional disclosure and declaration in compliance with Industry Standards under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requiremen...
Reliance Infrastructure Board Clears Q3 FY26 Results, Disputes Auditors’ Planned Exit
Jan 31, 2026
Reliance Infrastructure Limited’s board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, in a meeting held on 31 January 2026, with the results to be published in co...
Reliance Infrastructure Board Clears Q3 FY26 Results Amid Auditor Exit Dispute and Regulatory Overhang
Jan 31, 2026
Reliance Infrastructure Limited’s board has approved the company’s unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, with the numbers accompanied by limited review reports f...
ED Attaches Rs 1,575 Crore of Reliance Infrastructure’s Stakes in Power and Metro Units
Jan 28, 2026
Reliance Infrastructure Limited has disclosed that the Enforcement Directorate has provisionally attached its shareholdings in subsidiaries BSES Yamuna Power, BSES Rajdhani Power and Mumbai Metro One Private Limited, valuing the attachment at abou...
Reliance Infrastructure’s Secretarial Auditor Resigns Citing Personal Reasons
Jan 27, 2026
Reliance Infrastructure Limited has disclosed that its existing secretarial auditor, Ajay Kumar Co., Practicing Company Secretaries, has resigned from the role citing urgent personal problems, with the firm confirming there are no other reasons b...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.