Ambani Share New Investments In Renewable Energy Sectors; 100% Takeover; Share Will Double?
Reliance Industries (NSE: RELIANCE) has announced via a filing at the stock exchange, that the board of directors of the company has approved the purchase by MSEB Solar Agro Power Limited, and MSKVY Twenty Second Solar SPV Limited of 100% equity from MSEB Solar Agro Power Limited.
The board approved the purchase of 100-100 percent stakes in both companies. The acquisition should be completed by April 2024.
In a filing on the exchange, the company stated that the agreement is following the terms of the contract awarded to it to install solar power of 128 MW in multiple locations in Maharashtra,as part of the Mukhyamantri Sakrishi Vahini 2.0.
The company’s shares closed Friday at Rs 2,906.55 in NSE, a 0.16 percent increase.
Mukesh Amani, Chairman of Reliance Industries Limited, Chennai, stated in a video during the Tamil Nadu Global Investor Meet held in January, that the company would be investing in green hydrogen and renewable energy in Tamil Nadu.
About Reliance Industries Limited
Reliance Industries Ltd. engages in the exploration and production of hydrocarbon refineries of petroleum, marketing and retail, petrochemicals, and telecommuting.
The Refining segment is comprised of the manufacturing and marketing operations for petroleum products.
The Petrochemicals segment is the manufacturing and marketing processes of petrochemical products.
The company was established in 1966 by Dhirubhai Hirachand Ambani in the year 1966 and is located in Mumbai, India.
Fundamental Analysis of Reliance Industries Limited
| Market Cap | ₹ 19,68,849 Cr. |
| Current Price | ₹ 2,910 |
| 52-wk High | ₹ 3,025 |
| 52-wk Low | ₹ 2,016 |
| Stock P/E | 28.2 |
| Book Value | ₹ 1,110 |
| Dividend | 0.31 % |
| ROCE | 9.14 % |
| ROE | 8.94 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.62 |
| OPM | 18.0 % |
| EPS | ₹ 103 |
| Debt | ₹ 3,16,697 Cr. |
| Debt to Equity | 0.42 |
Reliance Industries Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 2800 | ₹ 3100 |
| 2025 | ₹ 3160 | ₹ 3400 |
| 2026 | ₹ 3500 | ₹ 3860 |
| 2027 | ₹ 4000 | ₹ 4621 |
| 2028 | ₹ 5000 | ₹ 5900 |
| 2029 | ₹ 6300 | ₹ 6700 |
| 2030 | ₹ 7150 | ₹ 8400 |
Reliance Industries Limited Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 50.49% |
| Mar 2023 | 50.41% |
| June 2023 | 50.39% |
| Sept 2023 | 50.27% |
| Dec 2023 | 50.30% |
| FII Holding | |
| Dec 2022 | 23.48% |
| Mar 2023 | 22.49% |
| June 2023 | 22.55% |
| Sept 2023 | 22.60% |
| Dec 2023 | 22.13% |
| DII Holding | |
| Dec 2022 | 15.26% |
| Mar 2023 | 16.06% |
| June 2023 | 16.13% |
| Sept 2023 | 15.99% |
| Dec 2023 | 16.59% |
| Govt. Holding | |
| Dec 2022 | 0.16% |
| Mar 2023 | 0.16% |
| June 2023 | 0.17% |
| Sept 2023 | 0.17% |
| Dec 2023 | 0.18% |
| Public Holding | |
| Dec 2022 | 10.59% |
| Mar 2023 | 10.89% |
| June 2023 | 10.76% |
| Sept 2023 | 10.98% |
| Dec 2023 | 10.80% |
Reliance Industries Limited Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 568,337 Cr |
| 2020 | ₹ 596,679 Cr |
| 2021 | ₹ 466,307 Cr |
| 2022 | ₹ 698,672 Cr |
| 2023 | ₹ 877,365 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 39,837 Cr |
| 2020 | ₹ 39,880 Cr |
| 2021 | ₹ 53,739 Cr |
| 2022 | ₹ 67,845 Cr |
| 2023 | ₹ 79,104 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.7 |
| 2020 | 0.65 |
| 2021 | 0.32 |
| 2022 | 0.34 |
| 2023 | 0.44 |
Last 10 Years’ Profit Growth:
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 16% |
| Current Year: | 10% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 9% |
Last 10 Years’ Sales Growth:
| 10 Years: | 8% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| Current Year: | 1% |
Conclusion
This article is a complete guide about Reliance Industries Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, this information will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
