Reliance Communications Limited (RCOM) - Net Assets
Based on the latest financial reports, Reliance Communications Limited (RCOM) has net assets worth Rs-1.03 Trillion INR (≈ $-11.09 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs363.38 Billion ≈ $3.93 Billion USD) and total liabilities (Rs1.39 Trillion ≈ $15.02 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Reliance Communications Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs-1.03 Trillion |
| % of Total Assets | -282.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -454.07% |
| Growth Volatility | 68.02 |
Reliance Communications Limited - Net Assets Trend (2007–2026)
This chart illustrates how Reliance Communications Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Reliance Communications Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Reliance Communications Limited (2007–2026)
The table below shows the annual net assets of Reliance Communications Limited from 2007 to 2026. For live valuation and market cap data, see Reliance Communications Limited (RCOM) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs-1.03 Trillion ≈ $-11.09 Billion |
-12.11% |
| 2025-03-31 | Rs-914.95 Billion ≈ $-9.89 Billion |
-11.39% |
| 2024-03-31 | Rs-821.36 Billion ≈ $-8.88 Billion |
-9.67% |
| 2023-03-31 | Rs-748.96 Billion ≈ $-8.10 Billion |
-24.22% |
| 2022-03-31 | Rs-602.95 Billion ≈ $-6.52 Billion |
-12.47% |
| 2021-03-31 | Rs-536.12 Billion ≈ $-5.80 Billion |
-12.07% |
| 2020-03-31 | Rs-478.40 Billion ≈ $-5.17 Billion |
-1140.02% |
| 2019-03-31 | Rs-38.58 Billion ≈ $-417.23 Million |
-223.85% |
| 2018-03-31 | Rs31.15 Billion ≈ $336.88 Million |
-89.25% |
| 2017-03-31 | Rs289.69 Billion ≈ $3.13 Billion |
-22.51% |
| 2016-03-31 | Rs373.86 Billion ≈ $4.04 Billion |
-2.76% |
| 2015-03-31 | Rs384.48 Billion ≈ $4.16 Billion |
+15.97% |
| 2014-03-31 | Rs331.52 Billion ≈ $3.59 Billion |
-4.12% |
| 2013-03-31 | Rs345.75 Billion ≈ $3.74 Billion |
-8.00% |
| 2012-03-31 | Rs375.81 Billion ≈ $4.06 Billion |
-9.06% |
| 2011-03-31 | Rs413.24 Billion ≈ $4.47 Billion |
-6.12% |
| 2010-03-31 | Rs440.19 Billion ≈ $4.76 Billion |
+2.52% |
| 2009-03-31 | Rs429.35 Billion ≈ $4.64 Billion |
+36.49% |
| 2008-03-31 | Rs314.57 Billion ≈ $3.40 Billion |
+37.15% |
| 2007-03-31 | Rs229.36 Billion ≈ $2.48 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Reliance Communications Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs13.83 Billion | % |
| Total Equity | Rs-1.03 Trillion | 100.00% |
Reliance Communications Limited Competitors by Market Cap
The table below lists competitors of Reliance Communications Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Multi Hanna Kreasindo Tbk Pt
JK:MHKI
|
$27.91 Million |
|
Jentayu Sustainables Bhd
KLSE:5673
|
$27.91 Million |
|
Sufrin Holdings Ltd
TA:SFRN
|
$27.91 Million |
|
GoldArc Resources Limited
AU:GA8
|
$27.95 Million |
|
Simat Technologies Public Company Limited
BK:SIMAT
|
$27.90 Million |
|
SolTech Energy Sweden AB
ST:SOLT
|
$27.87 Million |
|
Jade Marvel Group Bhd
KLSE:7043
|
$27.87 Million |
|
Yeou Yih Steel Co Ltd
TWO:9962
|
$27.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reliance Communications Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from -914,900,000,000 to -1,025,650,000,000, a change of -110,750,000,000.
- Net loss of 111,250,000,000 reduced equity.
- Other comprehensive income decreased equity by 23,530,000,000.
- Other factors increased equity by 24,030,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-111.25 Billion | -10.85% |
| Other Comprehensive Income | Rs-23.53 Billion | -2.29% |
| Other Changes | Rs24.03 Billion | +2.34% |
| Total Change | Rs- | % |
Book Value vs Market Value Analysis
This analysis compares Reliance Communications Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | Rs111.97 | Rs0.94 | x |
| 2008-03-31 | Rs134.18 | Rs0.94 | x |
| 2009-03-31 | Rs196.18 | Rs0.94 | x |
| 2010-03-31 | Rs201.38 | Rs0.94 | x |
| 2011-03-31 | Rs188.09 | Rs0.94 | x |
| 2012-03-31 | Rs174.53 | Rs0.94 | x |
| 2013-03-31 | Rs164.00 | Rs0.94 | x |
| 2014-03-31 | Rs157.02 | Rs0.94 | x |
| 2015-03-31 | Rs162.54 | Rs0.94 | x |
| 2016-03-31 | Rs149.39 | Rs0.94 | x |
| 2017-03-31 | Rs115.77 | Rs0.94 | x |
| 2018-03-31 | Rs10.77 | Rs0.94 | x |
| 2019-03-31 | Rs-15.23 | Rs0.94 | x |
| 2020-03-31 | Rs-175.48 | Rs0.94 | x |
| 2021-03-31 | Rs-196.43 | Rs0.94 | x |
| 2022-03-31 | Rs-220.73 | Rs0.94 | x |
| 2023-03-31 | Rs-272.90 | Rs0.94 | x |
| 2024-03-31 | Rs-299.28 | Rs0.94 | x |
| 2025-03-31 | Rs-333.43 | Rs0.94 | x |
| 2026-03-31 | Rs-373.75 | Rs0.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reliance Communications Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3542.99%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-39.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 15.38% | 20.51% | 0.30x | 2.47x | Rs12.33 Billion |
| 2008 | 18.61% | 28.69% | 0.24x | 2.67x | Rs24.99 Billion |
| 2009 | 14.30% | 27.17% | 0.22x | 2.42x | Rs18.17 Billion |
| 2010 | 11.02% | 22.22% | 0.23x | 2.13x | Rs4.41 Billion |
| 2011 | 3.32% | 6.00% | 0.24x | 2.34x | Rs-27.04 Billion |
| 2012 | 2.53% | 4.72% | 0.21x | 2.52x | Rs-27.44 Billion |
| 2013 | 1.99% | 3.27% | 0.23x | 2.66x | Rs-27.13 Billion |
| 2014 | 3.23% | 4.93% | 0.24x | 2.79x | Rs-21.94 Billion |
| 2015 | 1.88% | 3.28% | 0.24x | 2.41x | Rs-30.80 Billion |
| 2016 | 1.85% | 3.14% | 0.21x | 2.77x | Rs-30.06 Billion |
| 2017 | -4.91% | -7.20% | 0.20x | 3.49x | Rs-42.60 Billion |
| 2018 | -856.59% | -519.03% | 0.06x | 26.80x | Rs-241.17 Billion |
| 2019 | 0.00% | -179.48% | 0.06x | 0.00x | Rs-67.88 Billion |
| 2020 | 0.00% | -641.36% | 0.04x | 0.00x | Rs-59.91 Billion |
| 2021 | 0.00% | -761.97% | 0.02x | 0.00x | Rs-4.00 Billion |
| 2022 | 0.00% | -1190.65% | 0.01x | 0.00x | Rs-5.63 Billion |
| 2023 | 0.00% | -3026.93% | 0.01x | 0.00x | Rs-70.10 Billion |
| 2024 | 0.00% | -1883.03% | 0.01x | 0.00x | Rs10.01 Billion |
| 2025 | 0.00% | -2622.63% | 0.01x | 0.00x | Rs-2.40 Billion |
| 2026 | 0.00% | -3542.99% | 0.01x | 0.00x | Rs-8.69 Billion |
Industry Comparison
This section compares Reliance Communications Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $30,884,746,952
- Average return on equity (ROE) among peers: 10.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reliance Communications Limited (RCOM) | Rs-1.03 Trillion | 15.38% | N/A | $27.90 Million |
| Bharti Hexacom Ltd (BHARTIHEXA) | $62.55 Billion | 16.45% | 0.36x | $7.77 Billion |
| Indus Towers Limited (INDUSTOWER) | $136.28 Billion | 1.86% | 0.65x | $11.82 Billion |
| Mahanagar Telephone Nigam Limited (MTNL) | $-27.88 Billion | 0.00% | 0.00x | $218.30 Million |
| OnMobile Global Limited (ONMOBILE) | $8.32 Billion | 10.42% | 0.35x | $60.85 Million |
| Railtel Corporation Of India Limited (RAILTEL) | $18.27 Billion | 13.47% | 1.22x | $1.12 Billion |
| ROUTE MOBILE LIMITED (ROUTE) | $18.28 Billion | 17.89% | 0.58x | $366.70 Million |
| Uniinfo Telecom Services Limited (UNIINFO) | $375.18 Million | 13.83% | 0.44x | $1.36 Million |
About Reliance Communications Limited
Reliance Communications Limited provides wireline and wireless telecom services to the business and government segments. The company was formerly known as Reliance Communication Ventures Limited and changed its name to Reliance Communications Limited in June 2006. Reliance Communications Limited was incorporated in 2004 and is based in Navi Mumbai, India. Reliance Communications Limited is in cor… Read more