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Reliance Infrastructure Limited
(RELINFRA)
Reliance Infrastructure Limited (RELINFRA) vs. iShares MSCI India ETF (INDA)
Reliance Infrastructure Limited Business Overview & Revenue Model
Reliance Infrastructure Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 223.07B | 235.92B | 220.67B | 207.42B | 184.11B | 167.05B |
| Gross Profit | 71.54B | 81.33B | 62.65B | 56.39B | 58.37B | 49.38B |
| EBITDA | 45.45B | 54.67B | 38.33B | 31.27B | 32.92B | 61.20B |
| Net Income | 52.31B | 49.38B | -16.09B | -32.21B | -9.99B | 11.25B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 658.41B | 591.81B | 609.93B | 625.33B | 621.63B |
| Cash, Cash Equivalents and Short-Term Investments | 29.84B | 28.81B | 32.52B | 19.02B | 12.36B | 9.15B |
| Total Debt | 0.00 | 63.61B | 98.95B | 115.10B | 127.18B | 139.07B |
| Total Liabilities | -238.13B | 420.28B | 453.23B | 470.40B | 461.98B | 475.28B |
| Stockholders Equity | 238.13B | 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 | -4.48B | -13.33B | -5.02B | 4.47B |
| Financing Cash Flow | 0.00 | -12.52B | -36.48B | -22.42B | -29.42B | -15.31B |
Reliance Infrastructure Limited Technical Analysis
Reliance Infrastructure Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹677.60B | 22.54 | ― | 1.48% | -1.26% | 27.83% | |
73 Outperform | ₹208.38B | 14.37 | ― | 3.56% | 10.58% | 2.69% | |
72 Outperform | ₹2.40T | 15.80 | ― | 3.37% | 0.80% | -3.25% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ₹816.86B | 25.76 | ― | 2.44% | 15.72% | 6.45% | |
65 Neutral | ₹1.17T | 28.97 | ― | 0.59% | 4.06% | 8.22% | |
57 Neutral | ₹60.74B | 1.96 | ― | ― | -10.55% | -5.08% |
Reliance Infrastructure Limited Corporate Events
India Ratings & Research has downgraded Reliance Infrastructure Limited’s long-term bank loan rating to ‘IND C’, while affirming its short-term rating at ‘IND A4’, citing heightened risks following regulatory and investigative actions against the company. The downgrade stems from an Enforcement Directorate order placing a lien on about INR 778.6 million of the company’s bank accounts under alleged FEMA violations, provisional attachment of non-core properties worth roughly INR 6,690 million under PMLA, and a SEBI show-cause notice for alleged unfair trade practices, developments that the agency believes could constrain Reliance Infrastructure’s operational and financial flexibility; the company, which strongly disputes the rating action as unwarranted and not reflective of its improved credit fundamentals, says it is pursuing legally advised measures while the rating agency continues to monitor the evolving situation and any potential need for cash support to its guaranteed subsidiaries and new business lines.
Reliance Infrastructure Limited has notified the stock exchanges that it has published newspaper notices in Financial Express and Navshakti regarding a special window, open until January 6, 2026, for eligible shareholders to re-lodge transfer requests of physical share certificates in line with a recent SEBI circular. This move is aimed at facilitating compliance with updated securities transfer norms and provides an additional opportunity for shareholders holding physical shares to regularize pending transfers, which may improve share transfer transparency and align the company’s shareholder records more closely with regulatory requirements.
Reliance Infrastructure Limited has announced that its shareholders have approved, via postal ballot and e-voting, key special resolutions enabling the company to issue Foreign Currency Convertible Bonds and other securities and to enhance its borrowing powers. The approvals, confirmed by an independent scrutinizer’s report and disclosed in compliance with SEBI’s listing regulations, give the company expanded flexibility to tap international and domestic capital markets and increase leverage, potentially supporting future funding of infrastructure projects and strengthening its financial toolkit for growth and refinancing, with full voting results made available on the company’s and the e-voting agency’s websites.
Reliance Infrastructure Limited has announced that the Enforcement Directorate (ED) has placed a lien on the company’s bank accounts amounting to Rs. 77.86 crore due to alleged violations under the Foreign Exchange Management Act (FEMA). The company has stated that it will take appropriate legal steps in response to this order. This development could impact the company’s financial operations and may have implications for its stakeholders, as it addresses the legal challenges posed by the ED’s order.
Reliance Infrastructure Limited has announced the distribution of a newsletter to its shareholders, which has been sent via email to those with registered email addresses as of November 28, 2025. This newsletter is also accessible on the company’s website, ensuring that shareholders are kept informed of the company’s activities and updates, reflecting its commitment to transparency and stakeholder engagement.
Reliance Infrastructure Limited has received a notice from the Serious Fraud Investigation Office (SFIO) dated November 18, 2025, requesting information. The company has committed to fully cooperating with the investigation, which could have implications for its operations and stakeholder confidence.
Reliance Infrastructure Limited has announced the dispatch of a postal ballot notice as part of its compliance with the Securities and Exchange Board of India’s regulations. This notice, published in Financial Express and Navshakti, provides e-voting information and confirms the completion of the notice dispatch, aligning with the Companies Act and relevant management rules.
Reliance Infrastructure has announced the formation of a Board of Management to enhance governance and strategic oversight, aiming to create a more agile and future-ready organization. The company is also focusing on growth opportunities in defense, renewables manufacturing, and power distribution, reflecting its commitment to long-term value creation for stakeholders.
Reliance Infrastructure Limited has announced a postal ballot to seek shareholder approval for the issuance of Foreign Currency Convertible Bonds and other securities. This move is part of the company’s strategy to raise capital for its operations and expansion plans, potentially impacting its financial structure and market positioning.
Reliance Infrastructure Limited has announced the opening of a special window for the re-lodgement of transfer requests for physical shares, following a SEBI circular. This window will remain open until January 6, 2026, allowing eligible members to submit their requests. This move is expected to streamline the process of transferring physical shares, potentially impacting the company’s operations by improving shareholder satisfaction and compliance with regulatory requirements.