Reliance Industries Limited (RELIANCE) - Net Assets

Latest as of September 2025: Rs10.51 Trillion INR

Based on the latest financial reports, Reliance Industries Limited (RELIANCE) has net assets worth Rs10.51 Trillion INR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs20.39 Trillion) and total liabilities (Rs9.88 Trillion). 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs10.51 Trillion
% of Total Assets	51.53%
Annual Growth Rate	17.36%
5-Year Change	26.29%
10-Year Change	329.79%
Growth Volatility	16.59

Reliance Industries Limited - Net Assets Trend (2005–2025)

This chart illustrates how Reliance Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Reliance Industries Limited (2005–2025)

The table below shows the annual net assets of Reliance Industries Limited from 2005 to 2025.

Year	Net Assets	Change
2025-03-31	Rs10.10 Trillion	+9.06%
2024-03-31	Rs9.26 Trillion	+11.69%
2023-03-31	Rs8.29 Trillion	-6.76%
2022-03-31	Rs8.89 Trillion	+11.20%
2021-03-31	Rs7.99 Trillion	+73.28%
2020-03-31	Rs4.61 Trillion	+16.68%
2019-03-31	Rs3.95 Trillion	+33.11%
2018-03-31	Rs2.97 Trillion	+11.41%
2017-03-31	Rs2.67 Trillion	+13.50%
2016-03-31	Rs2.35 Trillion	+10.79%
2015-03-31	Rs2.12 Trillion	+6.20%
2014-03-31	Rs2.00 Trillion	+9.09%
2013-03-31	Rs1.83 Trillion	+7.50%
2012-03-31	Rs1.70 Trillion	+9.90%
2011-03-31	Rs1.55 Trillion	+9.41%
2010-03-31	Rs1.42 Trillion	+16.62%
2009-03-31	Rs1.21 Trillion	+35.49%
2008-03-31	Rs895.99 Billion	+25.07%
2007-03-31	Rs716.41 Billion	+39.15%
2006-03-31	Rs514.85 Billion	+25.29%
2005-03-31	Rs410.94 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Reliance Industries 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 grown by 4138.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs3.92 Trillion	46.48%
Common Stock	Rs135.32 Billion	1.60%
Other Comprehensive Income	Rs3.45 Trillion	40.87%
Other Components	Rs931.04 Billion	11.04%
Total Equity	Rs8.43 Trillion	100.00%

Reliance Industries Limited Competitors by Market Cap

The table below lists competitors of Reliance Industries Limited ranked by their market capitalization.

Company	Market Cap
Shopify Inc NYSE:SHOP	$196.94 Billion
L’Oreal SA PA:OR	$198.75 Billion
Arista Networks Inc NEO:ANET	$199.29 Billion
Texas Instruments Incorporated NASDAQ:TXN	$202.47 Billion
Thermo Fisher Scientific Inc NYSE:TMO	$193.87 Billion
TJX Cos. LSE:0LCE	$193.64 Billion
KLA-Tencor Corporation NASDAQ:KLAC	$192.38 Billion
Nextera Energy Inc NYSE:NEE	$191.25 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Reliance Industries Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,934,810,000,000 to 8,432,000,000,000, a change of 497,190,000,000 (6.3%).
Net income of 696,480,000,000 contributed positively to equity growth.
Dividend payments of 71,800,000,000 reduced retained earnings.
Share repurchases of 220,000,000 reduced equity.
New share issuances of 220,000,000 increased equity.
Other comprehensive income decreased equity by 25,050,000,000.
Other factors decreased equity by 102,440,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs696.48 Billion	+8.26%
Dividends Paid	Rs71.80 Billion	-0.85%
Share Repurchases	Rs220.00 Million	-0.0%
Share Issuances	Rs220.00 Million	+0.0%
Other Comprehensive Income	Rs-25.05 Billion	-0.3%
Other Changes	Rs-102.44 Billion	-1.21%
Total Change	Rs-	6.27%

Book Value vs Market Value Analysis

This analysis compares Reliance Industries 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

Current price-to-book ratio: 2.16x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 36.85x to 2.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs36.45	Rs1343.30	x
2006-03-31	Rs45.34	Rs1343.30	x
2007-03-31	Rs58.11	Rs1343.30	x
2008-03-31	Rs72.84	Rs1343.30	x
2009-03-31	Rs108.54	Rs1343.30	x
2010-03-31	Rs117.28	Rs1343.30	x
2011-03-31	Rs128.09	Rs1343.30	x
2012-03-31	Rs140.73	Rs1343.30	x
2013-03-31	Rs152.96	Rs1343.30	x
2014-03-31	Rs167.46	Rs1343.30	x
2015-03-31	Rs175.71	Rs1343.30	x
2016-03-31	Rs194.23	Rs1343.30	x
2017-03-31	Rs220.90	Rs1343.30	x
2018-03-31	Rs245.36	Rs1343.30	x
2019-03-31	Rs323.54	Rs1343.30	x
2020-03-31	Rs356.49	Rs1343.30	x
2021-03-31	Rs535.94	Rs1343.30	x
2022-03-31	Rs583.30	Rs1343.30	x
2023-03-31	Rs529.01	Rs1343.30	x
2024-03-31	Rs586.35	Rs1343.30	x
2025-03-31	Rs623.13	Rs1343.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Reliance Industries 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): 8.26%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.22%
• Asset Turnover: 0.49x
• Equity Multiplier: 2.31x
Recent ROE (8.26%) is below the historical average (12.48%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	18.56%	11.45%	0.82x	1.98x	Rs35.19 Billion
2006	18.41%	11.32%	0.86x	1.90x	Rs42.92 Billion
2007	17.70%	10.61%	0.86x	1.94x	Rs52.53 Billion
2008	22.83%	14.24%	0.78x	2.05x	Rs109.72 Billion
2009	12.33%	9.89%	0.61x	2.03x	Rs28.25 Billion
2010	17.32%	11.99%	0.79x	1.84x	Rs103.23 Billion
2011	12.51%	7.25%	0.86x	2.00x	Rs38.62 Billion
2012	11.64%	5.50%	1.10x	1.93x	Rs27.80 Billion
2013	11.47%	5.26%	1.10x	1.99x	Rs26.73 Billion
2014	11.32%	5.18%	1.01x	2.16x	Rs26.24 Billion
2015	11.29%	6.28%	0.76x	2.38x	Rs26.94 Billion
2016	12.85%	10.86%	0.46x	2.59x	Rs65.89 Billion
2017	11.34%	9.79%	0.43x	2.70x	Rs35.30 Billion
2018	12.29%	9.21%	0.48x	2.78x	Rs67.24 Billion
2019	10.23%	6.95%	0.57x	2.59x	Rs8.77 Billion
2020	8.76%	6.59%	0.51x	2.60x	Rs-55.63 Billion
2021	7.02%	10.52%	0.35x	1.89x	Rs-208.89 Billion
2022	7.79%	8.72%	0.46x	1.92x	Rs-172.44 Billion
2023	9.32%	7.60%	0.55x	2.25x	Rs-48.85 Billion
2024	8.77%	7.73%	0.51x	2.21x	Rs-97.27 Billion
2025	8.26%	7.22%	0.49x	2.31x	Rs-146.72 Billion

Industry Comparison

This section compares Reliance Industries Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.

Industry Context

Industry: Oil & Gas Refining & Marketing
Average net assets among peers: $85,988,185,291
Average return on equity (ROE) among peers: 9.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Reliance Industries Limited (RELIANCE)	Rs10.51 Trillion	18.56%	0.94x	$196.59 Billion
Aegis Logistics Limited (AEGISLOG)	$997.04 Million	30.29%	0.62x	$2.50 Billion
Bharat Petroleum Corporation Limited (BPCL)	$296.06 Billion	25.62%	2.17x	$14.45 Billion
Castrol India Limited (CASTROLIND)	$19.00 Billion	49.99%	0.79x	$1.93 Billion
Chennai Petroleum Corporation Limited (CHENNPETRO)	$30.67 Billion	-12.95%	1.37x	$1.58 Billion
Confidence Petroleum India Limited (CONFIPET)	$1.99 Billion	2.52%	1.05x	$188.85 Million
Gandhar Oil Refinery (India) Limited (GANDHAR)	$2.28 Billion	11.37%	2.84x	$157.30 Million
GP Petroleums Limited (GULFPETRO)	$2.76 Billion	9.12%	0.25x	$18.52 Million
Hindustan Petroleum Corporation Limited (HINDPETRO)	$111.44 Billion	6.80%	3.43x	$8.52 Billion
Indian Oil Corporation Limited (IOC)	$323.84 Billion	15.80%	1.91x	$22.02 Billion
Mangalore Refinery and Petrochemicals Limited (MRPL)	$70.84 Billion	-47.36%	3.33x	$3.32 Billion

About Reliance Industries Limited

NSE:RELIANCE India Oil & Gas Refining & Marketing

Market Cap

$196.59 Billion

Rs18.18 Trillion INR

Market Cap Rank

#89 Global

#1 in India

Share Price

Rs1343.30

Change (1 day)

-0.06%

52-Week Range

Rs1291.20 - Rs1592.30

All Time High

Rs1592.30