Mukesh Ambani Going To Do Massive Deal; 13% Takeover Plan; Know Share Target After Deal
A major announcement is on the way concerning Mukesh Ambani’s Reliance Industries (NSE: RELIANCE). It has reportedly agreed to buy Paramount Glabol’s part of Viacom18 Media.
For this deal, Reliance Industries will have to spend a total of $ 517 billion (Rs 42.86 billion). Let us tell you, that Paramount Global’s stake in Viacom-18 Media is 13.01 percent.
Viacom-18 currently has a total of 40 channels. The list of these channels includes MTV, Comedy Central, etc.The company is owned by Reliance.
According to a Reuters report, Paramount has confirmed that its content licensing agreement with Reliance will remain intact in the future.
At present this content is available on the Reliance Jio platform.
Let us tell you, on March 7, Paramount is talking about selling its stake in the Global India Media Joint Venture to Reliance.
Then it was said in the report that the matter has progressed a lot. However, the final agreement has yet to be concluded.
If this acquisition plan goes through the prescribed process then it will be a big success for Reliance.
Just a few days ago, the merger of Reliance Jio and Disney India was announced.
Why Is Paramount Selling Its Stake?
Paramount is reducing its stake in the Simon and Schuster book publishing company that includes CBS, MTV, and several other networks.
As per the reports, it is a part of Paramount’s plan to cut the burden of debt.
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 | ₹ 19,48,146 Cr. |
| Current Price | ₹ 2,883 |
| 52-wk High | ₹ 3,025 |
| 52-wk Low | ₹ 2,000 |
| Stock P/E | 27.9 |
| Book Value | ₹ 1,110 |
| Dividend | 0.31 % |
| ROCE | 9.14 % |
| ROE | 8.94 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.59 |
| 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, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
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.
