Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1368270.57 Crore) operating in Diversified sector.
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 128450.00 Crore, up 6.65 % from last quarter Total Income of Rs 120444.00 Crore and down -17.97 % from last year same quarter Total Income of Rs 156584.00 Crore. Company reported net profit after tax of Rs 14819.00 Crore in latest quarter.
The brokerage believes the recent move of creating an O2C segment will invite various new avenues for RIL in terms of both opportunities and upside. Using the SoTP-based valuation, it values the Refining and Petrochemical segment at 7.5x FY23E EVto-EBITDA to arrive at a valuation of INR780/share. It ascribes an equity valuation of INR900/share to RJio and INR645/share to Reliance Retail.
Promoters held 49.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 27.3 per cent, DIIs 12.7 per cent and public and others 10.9 per cent.