One of India’s biggest corporations, Reliance Industries Limited (RIL), has businesses in petrochemicals, refining, oil and gas exploration, telecommunications, and retail. The stock of the corporation has seen ups and downs recently, with highs and lows reflecting changes in the global economy, the oil and gas markets, and RIL’s financial performance.
You’re not the only one who is interested in knowing whether Reliance is a suitable stock to purchase and what the company’s share price objective might be in ten years. Given the size, stature, and broad portfolio of RIL, many investors are attentively monitoring the company’s future.
We’ll examine Reliance’s recent performance, its growth potential, and what analysts are saying about its share price projection for the next year in this article.
Latest News about Reliance Industries
Reliance Industries Ltd (RIL) has scripted a historic chapter in India’s corporate history by becoming the inaugural company to surpass the monumental milestone of Rs 1 lakh crore in annual pre-tax profit. This landmark achievement not only solidifies RIL’s position as a trailblazer in the Indian business landscape but also underscores its unparalleled dominance and significant contributions to the country’s economy. RIL’s journey to this remarkable milestone is a testament to its unwavering commitment to excellence, relentless pursuit of innovation, and astute business acumen across diverse sectors. The company’s record-breaking performance reflects its resilience, adaptability, and ability to navigate through challenging market conditions with strategic foresight and agility. As RIL continues to chart new heights and redefine benchmarks in the corporate world, its achievement serves as a source of inspiration and admiration for the entire business community, reinforcing the company’s status as a beacon of success and a symbol of India’s economic prowess on the global stage.
Reliance Industries Surpasses Milestones with Strong Q4 FY24 Performance
- Reliance Industries Ltd (RIL) reported Q4 FY24 results with a robust financial performance.
- Annual profit reached a record high of Rs 69,621 crore, demonstrating strong profitability.
- Q4 revenue surged to Rs 2.36 lakh crore, driven primarily by higher oil prices.
- RIL achieved a historic milestone, becoming the first Indian company to surpass Rs 10 lakh crore in turnover in FY24.
- Core segments like oil and petrochemicals showed signs of recovery, contributing to stable profitability.
- Consumer-facing businesses, including telecom and retail, maintained strong performances.
- Consolidated revenue reached Rs 1,000,122 crore, with significant year-on-year growth in EBITDA and PBT.
- Leadership, led by Mukesh Ambani, emphasized RIL’s contributions to the Indian economy and commitment to fostering growth across sectors.
- Overall, RIL’s Q4 FY24 results underscore its resilience and strategic positioning in the market amidst prevailing challenges.
Below are the trading platforms that you can use to purchase Reliance Industries shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 2,968.90 | 2,581.65 |
| May 2024 | 2,925.02 | 2,543.50 |
| June 2024 | 3,030.33 | 2,635.07 |
| July 2024 | 3,000.02 | 2,608.72 |
| August 2024 | 3,120.02 | 2,713.06 |
| September 2024 | 3,244.82 | 2,821.59 |
| October 2024 | 3,181.20 | 2,766.26 |
| November 2024 | 3,308.45 | 2,876.91 |
| December 2024 | 3,341.53 | 2,905.68 |
As we progress through April 2024, RIL’s shares are projected to reach a maximum price of 2,968.90 and a minimum of 2,581.65. Moving into May, prices are anticipated to fluctuate between 2,925.02 and 2,543.50. By June, the range is expected to widen, with prices ranging from 3,030.33 to 2,635.07. This trend continues throughout the year, with July witnessing figures of 3,000.02 to 2,608.72, August with a range of 3,120.02 to 2,713.06, and September projecting between 3,244.82 and 2,821.59. October may see prices hovering around 3,181.20 to 2,766.26, followed by November between 3,308.45 to 2,876.91, and December reaching a high of 3,341.53 and a low of 2,905.68.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,675.69 | 2,827.45 |
| February 2025 | 3,712.81 | 2,856.01 |
| March 2025 | 3,790.78 | 2,915.99 |
| April 2025 | 3,753.25 | 2,887.12 |
| May 2025 | 3,643.93 | 2,803.03 |
| June 2025 | 3,807.91 | 2,929.16 |
| July 2025 | 3,733.24 | 2,871.73 |
| August 2025 | 3,848.71 | 2,960.54 |
| September 2025 | 3,894.89 | 2,996.07 |
| October 2025 | 3,996.16 | 3,073.97 |
| November 2025 | 4,096.06 | 3,150.82 |
| December 2025 | 4,280.38 | 3,292.60 |
As we enter January 2025, RIL’s shares are forecasted to achieve a maximum price of 3,675.69 and a minimum of 2,827.45. Stepping into February, prices may fluctuate between 3,712.81 and 2,856.01, while March is expected to witness a range of 3,790.78 to 2,915.99. Moving forward, April’s projections suggest stability between 3,753.25 and 2,887.12, followed by May’s figures of 3,643.93 to 2,803.03. June could see a notable increase to a range of 3,807.91 to 2,929.16, with July maintaining figures around 3,733.24 to 2,871.73. August might witness prices ranging from 3,848.71 to 2,960.54, followed by September with projections of 3,894.89 to 2,996.07. As the year progresses, October may see a peak between 3,996.16 and 3,073.97, while November could see figures of 4,096.06 to 3,150.82. December is anticipated to culminate with a high of 4,280.38 and a low of 3,292.60.
| When | Maximum Price | Minimum Price |
| January 2026 | 4,408.80 | 3,391.38 |
| February 2026 | 4,521.84 | 3,478.34 |
| March 2026 | 4,698.19 | 3,614.00 |
| April 2026 | 4,606.07 | 3,543.13 |
| May 2026 | 4,471.91 | 3,439.93 |
| June 2026 | 4,673.15 | 3,594.73 |
| July 2026 | 4,581.52 | 3,524.25 |
| August 2026 | 4,723.22 | 3,633.24 |
| September 2026 | 4,888.53 | 3,760.41 |
| October 2026 | 5,015.63 | 3,858.18 |
| November 2026 | 5,141.02 | 3,954.63 |
| December 2026 | 5,269.55 | 4,053.50 |
| When | Maximum Price | Minimum Price |
| January 2027 | 5,374.94 | 4,134.57 |
| February 2027 | 5,512.76 | 4,240.58 |
| March 2027 | 5,727.76 | 4,405.97 |
| April 2027 | 5,615.45 | 4,319.57 |
| May 2027 | 5,451.89 | 4,193.76 |
| June 2027 | 5,697.22 | 4,382.48 |
| July 2027 | 5,585.51 | 4,296.55 |
| August 2027 | 5,758.26 | 4,429.43 |
| September 2027 | 5,959.80 | 4,584.46 |
| October 2027 | 6,114.76 | 4,703.66 |
| November 2027 | 6,267.62 | 4,821.25 |
| December 2027 | 6,424.32 | 4,941.78 |
| When | Maximum Price | Minimum Price |
| January 2028 | 6,552.80 | 5,040.62 |
| February 2028 | 6,720.82 | 5,169.86 |
| March 2028 | 6,982.93 | 5,371.49 |
| April 2028 | 6,846.01 | 5,266.16 |
| May 2028 | 6,646.62 | 5,112.78 |
| June 2028 | 6,945.71 | 5,342.86 |
| July 2028 | 6,809.52 | 5,238.09 |
| August 2028 | 7,020.13 | 5,400.10 |
| September 2028 | 7,265.83 | 5,589.10 |
| October 2028 | 7,454.74 | 5,734.42 |
| November 2028 | 7,641.11 | 5,877.78 |
| December 2028 | 7,832.14 | 6,024.72 |
| When | Maximum Price | Minimum Price |
| January 2029 | 7,988.78 | 6,145.22 |
| February 2029 | 8,193.62 | 6,302.79 |
| March 2029 | 8,513.17 | 6,548.60 |
| April 2029 | 8,346.25 | 6,420.19 |
| May 2029 | 8,103.15 | 6,233.20 |
| June 2029 | 8,467.80 | 6,513.69 |
| July 2029 | 8,301.76 | 6,385.97 |
| August 2029 | 8,558.52 | 6,583.47 |
| September 2029 | 8,858.06 | 6,813.90 |
| October 2029 | 9,088.37 | 6,991.06 |
| November 2029 | 9,315.58 | 7,165.83 |
| December 2029 | 9,548.47 | 7,344.98 |
| When | Maximum Price | Minimum Price |
| January 2030 | 9,739.44 | 7,491.88 |
| February 2030 | 9,989.17 | 7,683.98 |
| March 2030 | 10,378.75 | 7,983.65 |
| April 2030 | 10,175.24 | 7,827.11 |
| May 2030 | 9,878.88 | 7,599.14 |
| June 2030 | 10,323.43 | 7,941.10 |
| July 2030 | 10,121.01 | 7,785.39 |
| August 2030 | 10,434.03 | 8,026.18 |
| September 2030 | 10,799.22 | 8,307.09 |
| October 2030 | 11,080.00 | 8,523.08 |
| November 2030 | 11,357.00 | 8,736.15 |
| December 2030 | 11,640.92 | 8,954.56 |
In January 2030, RIL’s shares are expected to range between a maximum of 9,739.44 and a minimum of 7,491.88. This trend continues with fluctuations between 9,989.17 and 7,683.98 in February, and further increases to 10,378.75 and 7,983.65 in March. As the year progresses, April stabilizes around 10,175.24 to 7,827.11, May at 9,878.88 to 7,599.14, and June at 10,323.43 to 7,941.10. July sees figures around 10,121.01 to 7,785.39, August fluctuates from 10,434.03 to 8,026.18, and September maintains 10,799.22 to 8,307.09. By October, prices may peak between 11,080.00 and 8,523.08, reaching 11,640.92 and 8,954.56 by December’s end.
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% |
Over the observed period spanning from March 2020 to March 2024, the company’s financial performance has undergone notable shifts and advancements. Sales figures initially stood at INR 596,679 crores in March 2020, experiencing fluctuations before culminating at INR 901,064 crores in March 2024, showcasing a marked upward trajectory reflective of the company’s growth strategies and market dynamics. Despite encountering escalating expenses, the company effectively managed its operational costs, leading to a consistent rise in operating profit, which surged from INR 89,266 crores in March 2020 to INR 162,233 crores in March 2024, underscoring its operational efficiency and adaptability. Diversification of income streams emerged as a pivotal aspect of the company’s financial strategy, with other income steadily augmenting from INR 8,570 crores in March 2020 to INR 16,444 crores in March 2024, indicating the company’s proactive approach to bolstering revenue streams beyond core sales activities. Throughout the period, fluctuations in interest and depreciation expenses were observed, yet the company demonstrated resilience, maintaining a trajectory of growth in profit before tax, which ascended to INR 104,727 crores in March 2024, signaling sustained profitability and financial robustness. Moreover, the company’s commitment to shareholder value was evident through its consistent dividend payout percentage, hovering around 9-10%, affirming its dedication to providing returns to investors while fortifying its financial foundation for future endeavors.
FAQS
As of April 23rd, 2024, Reliance’s share price is ₹2,960.
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.
The Share Price Target of RIL is expected to reach ₹11,640.92 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 showcase a stellar performance across key financial metrics. The company reported a record-breaking annual profit of Rs 69,621 crore, marking a significant increase and underlining its strong profitability. Q4 revenue surged to Rs 2.36 lakh crore, driven primarily by higher oil prices, reflecting the company’s ability to capitalize on market opportunities. Additionally, RIL achieved a historic milestone by surpassing Rs 10 lakh crore in turnover for FY24, highlighting its robust growth trajectory and strategic positioning in the market. Overall, the Q4 FY24 results underscore Reliance’s resilience, adaptability, and continued commitment to delivering value to its stakeholders amidst challenging market conditions.
Reliance Industries Limited (RIL) stands as a diversified giant with a vast portfolio encompassing petrochemicals, refining, telecommunications, and retail. Recent market highs, backed by Goldman Sachs’ positive outlook, affirm its potential.
Amidst projected share prices and robust financial growth, RIL’s consistent revenue and profit uptrend, especially in its telecommunications venture, Jio, signals resilience. Investors keen on steady growth and a dynamic market presence find RIL an intriguing prospect, although potential risks should be monitored. The company’s strategic evolution and market responsiveness make it a focal point for future evaluations and investments.
What did we learn?
- 1 Latest News about Reliance Industries
- 2 Reliance Industries Surpasses Milestones with Strong Q4 FY24 Performance
- 3 How to purchase Reliance Industries shares?
- 4 Reliance Industries Share Price Prediction: 2024 to 2030
- 4.1 Reliance Industries Share Price Target 2024
- 4.2 Reliance Industries Share Price Prediction 2025
- 4.3 Reliance Industries Share Price Target 2026
- 4.4 Reliance Industries Share Price Target 2027
- 4.5 Reliance Industries Share Price Target 2028
- 4.6 Reliance Industries Share Price Target 2029
- 4.7 Reliance Industries Share Price Prediction 2030
- 5 Financial Condition of Reliance Industries for the Last 5 Years
- 6 FAQS
- 6.1 What is Reliance’s current share price?
- 6.2 Can Reliance’s share price reach INR 5,000 by 2025?
- 6.3 What is the Share Price Target of RIL for 2030?
- 6.4 What are Reliance’s main sources of revenue?
- 6.5 How has Reliance performed in the telecommunications market?
- 6.6 What are some potential risks for Reliance’s stock?
- 6.7 What other factors should I consider when investing in Reliance’s stock?
- 7 Conclusion
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