Reliance Industries Limited (RIL), one of India’s largest corporations, operates across various sectors including petrochemicals, refining, oil and gas exploration, telecommunications, and retail. Recently, the company’s stock has experienced fluctuations, influenced by shifts in the global economy, oil and gas markets, and RIL’s financial performance.
With its extensive portfolio and significant presence in multiple industries, many investors are closely observing Reliance to assess its potential as a viable investment option. This article will delve into Reliance’s recent performance, its growth prospects, and analysts’ insights on its share price trajectory for the upcoming year.
Recent News about Reliance Industries
Reliance Industries Ltd (RIL) has made history in India’s corporate landscape by exceeding Rs 1 lakh crore in annual pre-tax profit. This achievement solidifies RIL’s position as a pioneering force, showcasing its unmatched dominance and substantial contributions to the nation’s economy. RIL’s journey to this milestone reflects its unwavering commitment to excellence, innovation, and astute business acumen. The company’s record-breaking performance highlights its resilience and agility in navigating through challenging market conditions. As RIL continues to set new standards, it serves as a beacon of inspiration, reinforcing its role as a symbol of India’s economic prowess globally.
Reliance Industries Q4 FY24 Highlight:
- RIL’s annual profit of Rs 69,621 crore set a new record, indicating the company’s robust financial health and strong profitability trajectory.
- The surge in Q4 revenue to Rs 2.36 lakh crore was primarily attributed to favorable conditions in the oil market, showcasing RIL’s ability to capitalize on market opportunities.
- Achieving a turnover of over Rs 10 lakh crore in FY24 marked a historic milestone for RIL, reinforcing its position as a trailblazer in the Indian corporate landscape.
- Despite challenges, core segments such as oil and petrochemicals exhibited signs of recovery, contributing to RIL’s overall stability and profitability.
- Consumer-facing divisions, notably telecom and retail, maintained impressive performance levels, underscoring RIL’s diversified revenue streams and market resilience.
- The company’s consolidated revenue surpassed Rs 1,000,122 crore, reflecting robust growth in key financial metrics such as EBITDA and PBT year-on-year.
- Mukesh Ambani’s leadership emphasized RIL’s integral role in driving India’s economic growth and commitment to fostering development across various sectors.
- Overall, RIL’s Q4 FY24 results not only showcased its financial strength but also highlighted its strategic foresight and resilience in navigating through market challenges.
How to purchase Reliance Industries shares?
Below are the trading platforms that you can use to purchase Reliance Industries shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
Reliance Industries Share Price Prediction: 2024, 2025 to 2030
Reliance Industries Share Price Target 2024
| When | Maximum Price | Minimum Price |
| April 2024 | 2,964.50 | 2,577.83 |
| May 2024 | 2,920.69 | 2,539.73 |
| June 2024 | 3,025.83 | 2,631.16 |
| July 2024 | 2,995.58 | 2,604.85 |
| August 2024 | 3,115.40 | 2,709.04 |
| September 2024 | 3,240.02 | 2,817.40 |
| October 2024 | 3,176.49 | 2,762.16 |
| November 2024 | 3,303.54 | 2,872.65 |
| December 2024 | 3,336.58 | 2,901.37 |
In April 2024, RIL’s shares are expected to range from a maximum of 2,964.50 to a minimum of 2,577.83. May could see prices fluctuate between 2,920.69 and 2,539.73, while June may widen the range to 3,025.83 to 2,631.16. Subsequently, July may witness prices around 2,995.58 to 2,604.85, August from 3,115.40 to 2,709.04, and September between 3,240.02 and 2,817.40. October and November could see figures ranging from 3,176.49 to 2,762.16 and 3,303.54 to 2,872.65, respectively. By December, prices may culminate between 3,336.58 and 2,901.37.
Reliance Industries Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 3,670.24 | 2,823.26 |
| February 2025 | 3,707.31 | 2,851.78 |
| March 2025 | 3,785.16 | 2,911.67 |
| April 2025 | 3,747.69 | 2,882.84 |
| May 2025 | 3,638.53 | 2,798.87 |
| June 2025 | 3,802.27 | 2,924.82 |
| July 2025 | 3,727.71 | 2,867.47 |
| August 2025 | 3,843.00 | 2,956.16 |
| September 2025 | 3,889.12 | 2,991.63 |
| October 2025 | 3,990.24 | 3,069.41 |
| November 2025 | 4,089.99 | 3,146.15 |
| December 2025 | 4,274.04 | 3,287.72 |
Throughout 2025, RIL’s shares are expected to experience fluctuations in prices, with highs and lows reflecting market dynamics. In January, the range is projected to be between 3,670.24 and 2,823.26. As the year progresses, February might witness figures from 3,707.31 to 2,851.78, followed by March with a range of 3,785.16 to 2,911.67. April is likely to stabilize between 3,747.69 and 2,882.84, while May could see figures around 3,638.53 to 2,798.87. By June, prices may rise to 3,802.27 to 2,924.82, maintaining similar trends till September. In October and November, prices might peak before stabilizing in December, with projections reaching 4,274.04 as the maximum and 3,287.72 as the minimum.
Reliance Industries Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 4,402.26 | 3,386.36 |
| February 2026 | 4,515.14 | 3,473.18 |
| March 2026 | 4,691.23 | 3,608.64 |
| April 2026 | 4,599.25 | 3,537.88 |
| May 2026 | 4,465.29 | 3,434.84 |
| June 2026 | 4,666.23 | 3,589.40 |
| July 2026 | 4,574.73 | 3,519.02 |
| August 2026 | 4,716.22 | 3,627.86 |
| September 2026 | 4,881.28 | 3,754.83 |
| October 2026 | 5,008.20 | 3,852.46 |
| November 2026 | 5,133.40 | 3,948.77 |
| December 2026 | 5,261.74 | 4,047.49 |
Reliance Industries Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 5,366.97 | 4,128.44 |
| February 2027 | 5,504.59 | 4,234.30 |
| March 2027 | 5,719.27 | 4,399.44 |
| April 2027 | 5,607.12 | 4,313.17 |
| May 2027 | 5,443.81 | 4,187.55 |
| June 2027 | 5,688.78 | 4,375.99 |
| July 2027 | 5,577.24 | 4,290.18 |
| August 2027 | 5,749.73 | 4,422.87 |
| September 2027 | 5,950.97 | 4,577.67 |
| October 2027 | 6,105.69 | 4,696.69 |
| November 2027 | 6,258.34 | 4,814.10 |
| December 2027 | 6,414.79 | 4,934.46 |
Reliance Industries Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 6,543.09 | 5,033.15 |
| February 2028 | 6,710.86 | 5,162.20 |
| March 2028 | 6,972.59 | 5,363.53 |
| April 2028 | 6,835.87 | 5,258.36 |
| May 2028 | 6,636.77 | 5,105.20 |
| June 2028 | 6,935.42 | 5,334.94 |
| July 2028 | 6,799.43 | 5,230.33 |
| August 2028 | 7,009.72 | 5,392.09 |
| September 2028 | 7,255.06 | 5,580.82 |
| October 2028 | 7,443.69 | 5,725.92 |
| November 2028 | 7,629.79 | 5,869.07 |
| December 2028 | 7,820.53 | 6,015.79 |
Reliance Industries Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 7,976.94 | 6,136.11 |
| February 2029 | 8,181.48 | 6,293.45 |
| March 2029 | 8,500.56 | 6,538.89 |
| April 2029 | 8,333.88 | 6,410.68 |
| May 2029 | 8,091.15 | 6,223.96 |
| June 2029 | 8,455.25 | 6,504.04 |
| July 2029 | 8,289.46 | 6,376.51 |
| August 2029 | 8,545.83 | 6,573.72 |
| September 2029 | 8,844.94 | 6,803.80 |
| October 2029 | 9,074.90 | 6,980.70 |
| November 2029 | 9,301.78 | 7,155.21 |
| December 2029 | 9,534.32 | 7,334.09 |
Reliance Industries Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 9,725.01 | 7,480.78 |
| February 2030 | 9,974.37 | 7,672.59 |
| March 2030 | 10,363.37 | 7,971.82 |
| April 2030 | 10,160.16 | 7,815.51 |
| May 2030 | 9,864.24 | 7,587.88 |
| June 2030 | 10,308.13 | 7,929.33 |
| July 2030 | 10,106.01 | 7,773.85 |
| August 2030 | 10,418.57 | 8,014.28 |
| September 2030 | 10,783.21 | 8,294.78 |
| October 2030 | 11,063.58 | 8,510.44 |
| November 2030 | 11,340.17 | 8,723.21 |
| December 2030 | 11,623.67 | 8,941.29 |
Throughout 2030, RIL’s shares are anticipated to fluctuate, reflecting market dynamics and economic conditions. In January, prices are forecasted to range between 9,725.01 and 7,480.78. As the year progresses, February might witness figures from 9,974.37 to 7,672.59, followed by March with a range of 10,363.37 to 7,971.82. April is projected to stabilize between 10,160.16 and 7,815.51, while May could see figures around 9,864.24 to 7,587.88. By June, prices may rise to 10,308.13 to 7,929.33, maintaining similar trends till September. In October and November, prices might peak before stabilizing in December, with projections reaching 11,623.67 as the maximum and 8,941.29 as the minimum.
Financial Condition of Reliance Industries for the Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 596,679 | 466,307 | 698,672 | 876,396 | 901,064 |
| Expenses + | 507,413 | 385,517 | 588,077 | 734,078 | 738,831 |
| Operating Profit | 89,266 | 80,790 | 110,595 | 142,318 | 162,233 |
| OPM % | 15% | 17% | 16% | 16% | 18% |
| Other Income + | 8,570 | 22,432 | 17,928 | 12,020 | 16,444 |
| Interest | 22,027 | 21,189 | 14,584 | 19,571 | 23,118 |
| Depreciation | 22,203 | 26,572 | 29,797 | 40,303 | 50,832 |
| Profit before tax | 53,606 | 55,461 | 84,142 | 94,464 | 104,727 |
| Tax % | 26% | 3% | 19% | 22% | 25% |
| Net Profit + | 39,880 | 53,739 | 67,845 | 74,088 | 79,020 |
| EPS in Rs | 58.2 | 77.5 | 89.74 | 98.59 | 102.9 |
| Dividend Payout % | 10% | 9% | 9% | 9% | 10% |
Throughout the period spanning from March 2020 to March 2024, Reliance Industries Limited (RIL) showcased a remarkable evolution in its financial performance. Commencing with sales figures of INR 596,679 crores in March 2020, the company experienced a steady growth trajectory, culminating in sales reaching INR 901,064 crores by March 2024. Despite encountering rising expenses, RIL adeptly managed its operational costs, leading to a substantial increase in operating profit, which surged from INR 89,266 crores to INR 162,233 crores over the same period. Notably, RIL strategically diversified its revenue streams, with other income rising from INR 8,570 crores to INR 16,444 crores, reflecting the company’s proactive stance in bolstering its financial resilience. Despite encountering fluctuations in interest and depreciation expenses, RIL maintained robust profitability, with profit before tax escalating to INR 104,727 crores by March 2024. Furthermore, RIL’s consistent dividend payout percentage of 9-10% underscored its commitment to delivering value to its shareholders, thereby reinforcing its position as a stalwart in the corporate landscape.
FAQS
What is Reliance’s current share price?
As of April 23rd, 2024, Reliance’s share price is ₹2,957.
Can Reliance’s share price reach INR 5,000 by 2025?
While it’s possible, it’s difficult to predict with certainty. It would require significant growth in Reliance’s various businesses and positive market conditions. As per our price prediction, Reliance may reach Rs. 5000 somewhere in 2026.
What is the Share Price Target of RIL for 2030?
The Share Price Target of RIL is expected to reach ₹11,623.67 by the end of 2030.
What are Reliance’s main sources of revenue?
Reliance’s main sources of revenue include its petrochemicals, refining, oil and gas exploration, telecommunications, and retail businesses.
How has Reliance performed in the telecommunications market?
Reliance’s telecommunications arm, Jio, has grown rapidly in recent years, with over 400 million subscribers and a significant market share in India’s mobile data and broadband markets.
What are some potential risks for Reliance’s stock?
Risks for Reliance’s stock include market volatility, global economic conditions, fluctuations in oil and gas prices, and regulatory changes.
What other factors should I consider when investing in Reliance’s stock?
Other factors to consider when investing in Reliance’s stock include the company’s financial performance, management team, competitive landscape, and overall market trends.
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Conclusion
In conclusion, Reliance Industries Limited’s Q4 FY24 results demonstrate outstanding performance across critical financial indicators. With a record-breaking annual profit of Rs 69,621 crore and a surge in Q4 revenue to Rs 2.36 lakh crore, driven by favorable oil prices, RIL showcases strong profitability and adept market positioning. Achieving the historic milestone of surpassing Rs 10 lakh crore in turnover for FY24 further solidifies its status as a market leader with a robust growth trajectory. Overall, RIL’s Q4 FY24 results highlight its resilience, adaptability, and unwavering commitment to delivering value amidst challenging market conditions.
RIL, a diversified conglomerate spanning petrochemicals, refining, telecommunications, and retail, garners attention with recent market highs and Goldman Sachs’ optimistic outlook. Its consistent revenue and profit growth, particularly in the telecommunications sector with Jio, underline its resilience and market responsiveness. While RIL presents an enticing prospect for investors seeking steady growth and market dynamism, prudent monitoring of potential risks is advised. As RIL continues to evolve strategically and navigate market dynamics, it remains a focal point for future evaluations and investment considerations.
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