Reliance Industrial Infrastructure Ltd

Reliance Industrial Infrastructure Ltd

₹ 851 -3.18%
25 Apr - close price
About

Reliance Industrial Infrastructure Limited is mainly engaged in the business of setting up/operating industrial infrastructure. It is a Reliance Group Company (RIL holdings 45.43%). The Company has its operations mainly in the Mumbai and the Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat.[1][2]

Key Points

History
The Company was incorporated in September 1988 as a Public Limited Company under the name of "Chembur Patalganga Pipelines Limited". The name of the Company was subsequently changed to "CPPL Limited" in September 1992 and thereafter to its present name viz., "Reliance Industrial Infrastructure Limited" in March 1994. The Company commenced its commercial operation in March 1992. [1]

  • Market Cap 1,286 Cr.
  • Current Price 851
  • High / Low 1,442 / 726
  • Stock P/E 131
  • Book Value 277
  • Dividend Yield 0.41 %
  • ROCE 2.71 %
  • ROE 2.32 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 46.5%

Cons

  • Stock is trading at 3.08 times its book value
  • The company has delivered a poor sales growth of -9.11% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 2.38% over last 3 years.
  • Earnings include an other income of Rs.24.8 Cr.
  • Debtor days have increased from 27.6 to 42.7 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Logistics Industry: Miscellaneous

Part of BSE SmallCap BSE Allcap BSE Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
16.40 16.52 16.62 17.28 17.63 14.27 14.36 14.94 14.51 12.40 12.24 12.36 12.49
15.05 14.96 16.92 16.47 16.86 16.56 15.68 15.79 16.22 15.01 15.08 15.27 16.03
Operating Profit 1.35 1.56 -0.30 0.81 0.77 -2.29 -1.32 -0.85 -1.71 -2.61 -2.84 -2.91 -3.54
OPM % 8.23% 9.44% -1.81% 4.69% 4.37% -16.05% -9.19% -5.69% -11.78% -21.05% -23.20% -23.54% -28.34%
3.26 1.80 4.58 3.33 11.10 6.36 6.49 5.58 6.19 6.03 6.13 6.24 6.45
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 2.49 1.79 1.49 1.55 1.06 0.83 0.64 0.58 0.56 0.36 0.37 0.37 0.36
Profit before tax 2.12 1.57 2.79 2.59 10.81 3.24 4.53 4.15 3.92 3.06 2.92 2.96 2.55
Tax % 13.68% 28.66% 32.97% 26.64% 1.11% 33.64% 45.47% 34.94% 26.79% 20.92% 16.44% 16.22% 1.96%
1.83 1.12 1.87 1.90 10.68 2.15 2.48 2.70 2.87 2.41 2.44 2.48 2.50
EPS in Rs 1.21 0.74 1.24 1.26 7.07 1.42 1.64 1.79 1.90 1.60 1.62 1.64 1.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
95.61 90.09 89.70 93.21 88.87 84.58 79.80 54.31 65.19 68.05 58.08 49.49
58.86 63.91 67.71 74.14 72.50 73.60 72.45 49.00 60.94 65.21 64.23 61.39
Operating Profit 36.75 26.18 21.99 19.07 16.37 10.98 7.35 5.31 4.25 2.84 -6.15 -11.90
OPM % 38.44% 29.06% 24.52% 20.46% 18.42% 12.98% 9.21% 9.78% 6.52% 4.17% -10.59% -24.05%
7.09 9.85 11.27 15.61 12.67 15.22 15.95 15.78 15.81 20.80 24.61 24.84
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 10.24 11.33 12.32 14.43 13.91 14.20 14.04 13.02 10.14 5.89 2.61 1.46
Profit before tax 33.60 24.70 20.94 20.25 15.13 12.00 9.26 8.07 9.92 17.75 15.85 11.48
Tax % 28.15% 10.61% 25.41% 18.91% 35.69% 35.08% 14.47% 4.71% 23.79% 12.28% 35.58% 14.37%
24.14 22.07 15.62 16.42 9.74 7.79 7.93 7.70 7.56 15.58 10.21 9.83
EPS in Rs 15.99 14.62 10.34 10.87 6.45 5.16 5.25 5.10 5.01 10.32 6.76 6.51
Dividend Payout % 21.89% 23.95% 33.83% 32.19% 54.26% 58.15% 57.12% 58.83% 59.92% 33.92% 51.76% 53.76%
Compounded Sales Growth
10 Years: -6%
5 Years: -9%
3 Years: -9%
TTM: -15%
Compounded Profit Growth
10 Years: -6%
5 Years: 4%
3 Years: 9%
TTM: -4%
Stock Price CAGR
10 Years: 8%
5 Years: 25%
3 Years: -9%
1 Year: -35%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10
Reserves 234.55 249.20 284.87 297.75 308.37 323.49 321.30 361.03 383.20 377.46 414.53 402.78
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
63.23 56.96 53.67 41.96 44.00 39.34 44.09 36.66 35.49 45.32 62.30 75.40
Total Liabilities 312.88 321.26 353.64 354.81 367.47 377.93 380.49 412.79 433.79 437.88 491.93 493.28
122.18 111.22 113.97 101.55 88.86 78.11 64.17 52.81 42.62 36.82 28.77 27.24
CWIP 3.05 3.31 3.50 5.19 5.93 3.56 3.33 1.68 1.68 0.00 0.00 0.00
Investments 120.27 159.55 192.23 213.92 231.45 260.29 266.29 314.91 355.23 229.26 279.14 264.19
67.38 47.18 43.94 34.15 41.23 35.97 46.70 43.39 34.26 171.80 184.02 201.85
Total Assets 312.88 321.26 353.64 354.81 367.47 377.93 380.49 412.79 433.79 437.88 491.93 493.28

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
31.92 40.64 16.11 26.31 12.39 13.10 1.28 -3.50 5.81 22.82 2.03 -3.03
-26.98 -33.26 -9.76 -19.17 -7.29 -7.14 5.42 6.59 -0.82 -18.61 3.25 8.70
-6.62 -6.04 -6.31 -6.32 -6.31 -6.42 -5.57 -4.60 -4.61 -4.62 -5.37 -5.34
Net Cash Flow -1.68 1.34 0.04 0.82 -1.22 -0.46 1.14 -1.50 0.38 -0.41 -0.09 0.33

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 69.14 64.82 88.22 75.46 75.98 62.14 111.97 132.26 91.04 19.52 20.68 42.70
Inventory Days
Days Payable
Cash Conversion Cycle 69.14 64.82 88.22 75.46 75.98 62.14 111.97 132.26 91.04 19.52 20.68 42.70
Working Capital Days 25.12 12.24 39.35 31.13 48.63 44.15 54.52 115.33 61.93 713.64 836.02 1,343.10
ROCE % 12.75% 7.87% 5.47% 6.61% 4.76% 3.63% 2.74% 2.27% 2.56% 2.49% 3.86% 2.71%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43%
0.67% 0.71% 0.78% 0.80% 1.17% 1.12% 0.98% 1.56% 1.11% 1.03% 0.88% 1.24%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.01% 0.00%
53.87% 53.82% 53.76% 53.73% 53.38% 53.41% 53.56% 52.96% 53.42% 53.51% 53.68% 53.32%
No. of Shareholders 88,43487,39487,46688,28085,26483,32980,16881,71282,16582,70084,98286,305

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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