Reliance Infrastructure Ltd

Reliance Infra. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Reliance Infrastructure Ltd

₹ 300 -1.40%
11 Dec 2:46 p.m.
rinfra.com BSE: 500390 NSE: RELINFRA
About

Reliance Infrastructure Ltd. is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The Co. is also a leading utility Company having a presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. [1]

Key Points

Business Segments 9M FY24
Power (91%)- The Power segment is engaged in the generation, transmission and distribution of electrical power at various locations. It operates a 220 MW Combined Cycle Power Plant at Samalkot, a 48 MW Combined Cycle Power Plant at Mormugao, and a 9.39 MW wind farm at Chitradurga. BRPL and BYPL (subsidiaries) distribute the power in the city of Delhi. BRPL caters to around 19 lakh subscribers in South and West Delhi, while BYPL caters to around 30 lakh subscribers in East and Central Delhi.

Website BSE NSE - BE
  • Market Cap ₹ 11,868 Cr.
  • Current Price ₹ 300
  • High / Low ₹ 351 / 144
  • Stock P/E
  • Book Value ₹ 207
  • Dividend Yield 0.00 %
  • ROCE 0.04 %
  • ROE -10.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.5% over past five years.
  • Promoter holding is low: 16.5%
  • Company has a low return on equity of -6.87% over last 3 years.
  • Contingent liabilities of Rs.5,082 Cr.
  • Company has high debtors of 343 days.
  • Company's cost of borrowing seems high

* 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: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

Part of Nifty Total Market BSE SmallCap BSE Allcap Nifty Microcap 250 BSE Utilities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
434 320 436 196 271 100 243 64 190 63 108 31 62
445 387 526 258 262 102 466 114 322 109 274 86 124
Operating Profit -11 -67 -90 -62 9 -2 -223 -50 -132 -46 -166 -55 -62
OPM % -2% -21% -21% -32% 3% -2% -92% -78% -70% -72% -153% -176% -101%
6 39 203 109 104 65 -2,376 -322 189 50 -709 25 2,275
Interest 173 155 168 156 198 263 185 173 204 168 194 174 128
Depreciation 10 10 13 7 7 7 7 6 4 3 3 3 3
Profit before tax -187 -192 -69 -115 -91 -207 -2,791 -551 -150 -166 -1,071 -206 2,082
Tax % 0% 0% 2% 1% 0% -1% -0% 0% 0% -5% 0% 0% -0%
-187 -193 -70 -116 -91 -206 -2,784 -551 -150 -158 -1,071 -206 2,085
EPS in Rs -7.12 -7.35 -2.66 -4.43 -3.46 -7.17 -79.15 -15.65 -3.79 -4.00 -27.03 -5.21 52.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14,432 11,474 10,595 9,932 8,916 1,076 986 1,319 1,689 1,467 810 425 264
12,498 9,559 8,690 8,030 6,871 1,063 7,965 1,348 1,735 1,612 990 729 592
Operating Profit 1,934 1,915 1,905 1,902 2,044 13 -6,979 -28 -46 -145 -180 -304 -328
OPM % 13% 17% 18% 19% 23% 1% -708% -2% -3% -10% -22% -72% -124%
1,481 1,220 1,618 2,460 2,732 3,247 7,211 2,009 1,187 478 -2,195 -880 1,642
Interest 879 996 1,518 2,263 2,641 1,579 1,254 920 1,193 655 802 738 663
Depreciation 392 342 487 903 930 99 82 65 59 42 27 16 12
Profit before tax 2,143 1,797 1,518 1,197 1,205 1,581 -1,104 996 -112 -364 -3,204 -1,938 638
Tax % 7% 12% -1% 17% -7% -5% -17% -4% -83% 1% -0% -0%
2,000 1,588 1,533 994 1,288 1,664 -913 1,031 -19 -368 -3,198 -1,930 649
EPS in Rs 76.03 60.38 58.31 37.80 48.99 63.29 -34.73 39.21 -0.73 -14.00 -90.90 -48.73 16.39
Dividend Payout % 10% 12% 14% 22% 18% 15% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -28%
5 Years: -16%
3 Years: -37%
TTM: -56%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -33%
TTM: 11%
Stock Price CAGR
10 Years: -5%
5 Years: 71%
3 Years: 41%
1 Year: 44%
Return on Equity
10 Years: 5%
5 Years: -2%
3 Years: -7%
Last Year: -11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 263 263 263 263 263 263 263 263 263 263 352 396 396
Reserves 19,973 21,030 20,924 19,036 20,732 21,722 14,028 10,184 10,113 9,878 7,000 5,911 7,787
11,451 14,842 16,814 20,343 15,637 12,229 6,079 5,701 3,808 3,843 3,372 3,060 695
12,523 12,992 11,569 19,123 20,803 24,573 7,883 7,068 6,560 6,056 6,751 5,702 4,984
Total Liabilities 44,209 49,126 49,571 58,764 57,435 58,787 28,252 23,217 20,744 20,039 17,474 15,069 13,862
6,877 5,981 6,718 16,313 16,418 15,934 1,132 1,066 380 325 302 208 205
CWIP 473 528 984 169 184 217 26 29 17 11 11 2 2
Investments 13,301 17,552 18,107 16,194 16,876 18,222 13,606 8,010 7,655 8,435 8,194 7,099 5,820
23,559 25,065 23,762 26,089 23,958 24,414 13,489 14,112 12,693 11,268 8,967 7,760 7,836
Total Assets 44,209 49,126 49,571 58,764 57,435 58,787 28,252 23,217 20,744 20,039 17,474 15,069 13,862

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,571 2,334 2,333 5,420 4,735 4,225 -2,626 230 445 -164 532 238
-4,274 -3,771 -1,503 -6,032 906 2,093 2,533 874 1,051 228 -3 552
1,130 1,524 -922 682 -5,665 -6,385 78 -1,102 -1,513 -50 -280 -958
Net Cash Flow -573 87 -92 69 -24 -68 -15 2 -16 15 249 -168

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82 150 179 183 207 1,629 1,418 1,136 615 725 608 343
Inventory Days
Days Payable
Cash Conversion Cycle 82 150 179 183 207 1,629 1,418 1,136 615 725 608 343
Working Capital Days 229 271 340 207 215 776 2,034 1,746 1,530 1,546 1,537 2,183
ROCE % 8% 7% 7% 8% 8% 8% 22% 11% 4% 2% 1% 0%

Shareholding Pattern

Numbers in percentages

16 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
4.98% 4.98% 4.98% 4.98% 4.56% 18.67% 18.65% 16.56% 16.50% 16.50% 16.50% 16.50%
1.33% 1.43% 2.10% 3.05% 11.94% 12.30% 12.92% 12.14% 12.69% 11.77% 12.37% 8.38%
5.06% 4.98% 4.99% 4.96% 3.84% 3.13% 3.06% 2.85% 2.64% 2.16% 2.26% 1.40%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
88.43% 88.42% 87.74% 86.81% 79.49% 65.74% 65.22% 68.33% 68.03% 69.42% 68.75% 73.59%
0.17% 0.17% 0.17% 0.17% 0.16% 0.13% 0.13% 0.11% 0.11% 0.11% 0.11% 0.11%
No. of Shareholders 7,66,5037,68,8717,64,1767,62,5457,26,4657,15,0067,06,9686,94,3136,59,1686,65,7297,01,5837,12,104

* 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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