Reliance Infrastructure Limited (RELINFRA) AI Stock Analysis

• Market Cap: ₹99.29B
• Dividend Yield: N/A
• Average Volume (3M): 148.41K
• Price to Earnings (P/E): 1.8
• Beta (1Y): 2.17
• Revenue Growth: -5.77%
• EPS Growth: N/A
• Country: IN
• Employees: 4,604
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 1.47
• Shares Outstanding: 408,631,200
• 10 Day Avg. Volume: 136,113
• 30 Day Avg. Volume: 148,409
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹294.00
• Price Target Upside: 20.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹294.00 ▲(20.86% Upside)

The overall stock score is driven by strong financial performance and an attractive valuation, indicating potential undervaluation. However, technical indicators suggest a bearish trend, which tempers the overall score.

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 Construction (E&C); and Infrastructure. The Power segment operates a 220 MW combined cycle power plant at Samalkot; 48 MW combined cycle power plant at Mormugao; and 9.39 MW wind farm at Chitradurga. This segment also distribute power in Delhi; operates a 165 MW combined cycle power plant at Kochi; transmits power through its transmission networks in the states of Himachal Pradesh; and trades in power. The E&C segment offers value added services in construction, erection, commissioning, and contracting. The Infrastructure segment engages in the development, operation, and maintenance of toll roads, metro rail transit system, and airports. The company is involved in the exploration and production of 4 coal bed methane blocks covering an area of 3,266 square kilometers in Madhya Pradesh, Andhra Pradesh, and Rajasthan; an oil and gas block covering an area of 3,619 square kilometers in Mizoram; and rehabilitation and upgradation of NH-66. In addition, it manufactures cement and defense systems; constructs smart city projects; and develops real estate and urban transport systems. Reliance Infrastructure Limited was incorporated in 1929 and is based in Mumbai, India.

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

Income Statement

Balance Sheet

Cash Flow

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

Reliance Infrastructure Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 243.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 243.25 is below the 20-day moving average (MA) of 260.47, below the 50-day MA of 282.62, and below the 200-day MA of 290.70, indicating a bearish trend. The MACD of -10.75 indicates Positive momentum. The RSI at 36.86 is Neutral, neither overbought nor oversold. The STOCH value of 15.59 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
POWERGRID	72 Outperform	₹2.61T	16.89	16.75%	3.21%	0.40%	-1.73%
TORNTPOWER	67 Neutral	₹612.47B	22.01	16.97%	1.56%	-2.95%	16.18%
CESC	67 Neutral	₹215.27B	15.59	11.40%	2.77%	9.43%	-2.06%
RELINFRA	66 Neutral	₹99.29B	1.84	―	―	-5.77%	―
TATAPOWER	66 Neutral	₹1.25T	30.60	11.04%	0.57%	4.23%	9.91%
NHPC	65 Neutral	₹867.99B	28.34	7.58%	2.21%	13.90%	-15.41%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

Reliance Infrastructure Limited Corporate Events

Reliance Infrastructure Unaffected by Reliance Communications Loan Classification

Reliance Infrastructure Limited announced that the recent classification of Reliance Communications’ loan account as fraud by Bank of India does not affect its business operations or stakeholders. The company clarified its independence from Reliance Communications, emphasizing no business or financial linkage, and reiterated its commitment to its business plans and stakeholder value creation.

Reliance Infrastructure Unaffected by CBI Actions on Reliance Communications

Reliance Infrastructure Limited clarified that recent actions by the Central Bureau of Investigation on Reliance Communications Limited and Mr. Anil D Ambani have no impact on its operations, financial performance, or stakeholders. The company emphasized its independence from Reliance Communications, noting that Mr. Ambani has not been on its board for over 3.5 years, and it remains committed to its business plans and stakeholder value.

Reliance Infrastructure Subsidiary Faces Insolvency Proceedings

Reliance Infrastructure Limited has announced that the National Company Law Tribunal, Mumbai bench, has admitted a petition under the Insolvency and Bankruptcy Code against its wholly-owned subsidiary, SU Toll Road Private Limited. The petition, filed by the State Bank of India, involves a claim amount of INR 358.70 crore. Despite this development, Reliance Infrastructure has stated that the company’s exposure is fully provided for, and no financial impact is expected.

Reliance Infrastructure Forms Joint Venture in Bhutan’s Renewable Energy Sector

Reliance Infrastructure Limited has announced the incorporation of a joint venture company, GDL-Reliance Solar Pte Ltd, in Bhutan’s Gelephu Mindfulness City. This venture, a collaboration between Green Digital Private Limited and Reliance Enterprises Private Limited, aims to explore opportunities in the renewable and green energy sector, aligning with global sustainability trends and potentially enhancing the company’s market position in clean energy.

Reliance Infrastructure Reports AGM Voting Results

Reliance Infrastructure Limited announced the voting results of its 96th Annual General Meeting held on August 08, 2025. The meeting, which was attended by 6 promoters and 144 public shareholders via video conferencing, was conducted in compliance with SEBI regulations, and the results were shared with the exchange, reflecting the company’s adherence to regulatory requirements.

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.