# Reliance share price today (Reliance Industries Ltd, NSE: RELIANCE)

> Reliance share price today: ₹1,311.00 at the NSE close on 4 November 2026, down 11.3% in a year. Reliance Industries (NSE: RELIANCE) is worth ₹17,73,963 crore, trades at a P/E of 21.6 and has closed between ₹1,164.90 and ₹1,592.30 over the past 52 weeks. > Reliance Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +16.0% in a year while the price moved −11.3%. RELIANCE · Refineries · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/reliance-industries-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹1,311.00 (−11.3% in a year)
- P/E: 21.6× (lower than 61% of the last 11 years)
- Revenue (Sep 2026): ₹3,30,601 Cr (+29.8% on a year ago)
- Profit (Sep 2026): ₹29,550 Cr (+33.8% on a year ago)
- Operating margin: 17.0% (−1.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 7.5%, against a 12.0% cost of capital: −4.5 points

The main question: yearly earnings per share moved +16.0% while the share price moved −11.3%. ## What is the Reliance share price today? Reliance Industries Ltd's share price was ₹1,311.00 at the close on 4 November 2026. It has been falling for 34 weeks. That is 0.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,165 and ₹1,592, and at that close it sat 34% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +469% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Reliance this quarter? Three changes stood out: profit grew again in the September 2026 quarter, revenue up on a year earlier for 8 quarters in a row and foreign funds (FIIs) cut their stake for 3 quarters in a row. 1. Profit grew again in the September 2026 quarter Profit was ₹29,550 crore, +33.8% on a year earlier (₹22,092 crore), after 2 quarters of decline. Why: Profit rose because the oil-to-chemicals business led the group's earnings and Jio also chipped in. Next results: check whether O2C profit holds up as fuel supply gets disrupted, crude buying shifts, and the gap between crude costs and product prices changes. From the earnings call on 30 Oct 2026. 2. Revenue up on a year earlier for 8 quarters in a row In the September 2026 quarter revenue was ₹3,30,601 crore, +29.8% on a year earlier. 3. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 19.1% to 16.7% of the company by the September 2026 quarter. ## What are Reliance's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Reliance reported revenue of ₹3,30,601 crore, up 29.8% from ₹2,54,623 crore a year earlier, and a profit of ₹29,550 crore, up 33.8% from ₹22,092 crore. ### Reliance results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,30,601 crore | ₹2,54,623 crore | +29.8% |
| Profit | ₹29,550 crore | ₹22,092 crore | +33.8% |
| Earnings per share | ₹18.88 | ₹13.42 | +40.7% |
| Operating margin | 17.0% | 18.0% | −1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Reliance's management discussed these results on a call held on 30 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Reliance share price history? Reliance closed at ₹1,311.00 on 4 November 2026, down 11.3% from ₹1,478.00 a year earlier (7 November 2025) and up 14.4% over five years. Its highest weekly close since March 2016 was ₹1,596.73 on 12 July 2024. ### Reliance share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,164.90 | +12.5% |
| 1 month ago · 1 Oct 2026 | ₹1,167.70 | +12.3% |
| 6 months ago · 8 May 2026 | ₹1,435.20 | −8.7% |
| 1 year ago · 7 Nov 2025 | ₹1,478.00 | −11.3% |
| 3 years ago · 3 Nov 2023 | ₹1,159.85 | +13.0% |
| 5 years ago · 4 Nov 2021 | ₹1,146.18 | +14.4% |
| 10 years ago · 4 Nov 2016 | ₹228.45 | +473.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹230.48 | +468.8% |
| Highest weekly close since March 2016 · 12 Jul 2024 | ₹1,596.73 | −17.9% |
| Lowest weekly close since March 2016 · 20 May 2016 | ₹212.24 | +517.7% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹1,592.30 | −17.7% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹1,164.90 | +12.5% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Reliance? 4 Nov 2026: Reliance closed at ₹1,311.00, up 12.5% on the week and up 12.3% on the month. 30 Oct 2026: Reliance held its results call for July to September 2026. Management guided: FY27 O2C operating profit described as on course for ₹80,000 crore. ### Earlier

- Results for July to September 2026: Revenue up 29.8% and profit up 33.8% on a year earlier. - 5 Jun 2026: ex-date for a dividend of ₹6 a share. - 28 Oct 2024: Bonus issue: 1 new share for every 1 held (ex-date). ## What dividend does Reliance pay? Reliance paid ₹6 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.46% at the ₹1,311.00 close on 4 November 2026. The last was a dividend of ₹6 a share, ex-date 5 June 2026. ### Reliance dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 5 Jun 2026 | ₹6 | Dividend | same day |
| 14 Aug 2025 | ₹5.50 | Dividend | same day |
| 19 Aug 2024 | ₹10 | Dividend | same day |
| 21 Aug 2023 | ₹9 | Dividend | same day |
| 18 Aug 2022 | ₹8 | Dividend | 19 Aug 2022 |
| 11 Jun 2021 | ₹7 | Dividend | 14 Jun 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Reliance Industries Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Reliance management say on the latest results call? On the call for July to September 2026, held on 30 October 2026, Reliance's management guided: FY27 O2C operating profit described as on course for ₹80,000 crore. > “Wherever the economics do not make sense, we will not grow.”
> Dinesh, on the call for July to September 2026

### What management guided

- Jio growth visibility in the high teens. - Retail operating profit-doubling objective retained; online scale expected to support absolute operating profit from next year, with timing potentially varying by a year. - New Energy earnings contribution in FY28; solar modules planned at 20 GW early next year and cells at 20 GW in the first half. - BESS pack and container facility planned for commissioning in the next half-year, up to 40 GWh; cells at 35-40 GWh in the second half of next calendar year. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/242-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What to watch in Reliance's next results? When Reliance reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Retail's festive-period sales and like-for-like performance should show whether the calendar shift lifts demand. - What to check (from the call)
- Retail's festive-period sales and like-for-like performance should show whether the calendar shift lifts demand. - Check solar installation, transmission connectivity and battery commissioning against the stated milestones. - Test O2C earnings durability against supply disruption, crude sourcing flexibility and the evolving spread environment. ## Which stock lists is Reliance on? Reliance is on 4 of our India lists: Nifty 50 companies, 52 week high & low, AI & data centre stocks and Oil & gas stocks. - [Nifty 50 companies Weight in the Nifty 50 (%): 7.58](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [AI & data centre stocks Group on the list: Data centre operators](https://www.sectoralpha.in/ai-stocks-india)
- [Oil & gas stocks Group on the list: Refiners and fuel retailers](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is Reliance profitable? Reliance Industries Ltd earned ₹29,550 Cr of net profit in the Sep 2026 quarter, +33.8% on the same quarter a year earlier. Full-year FY26 profit was ₹95,754 Cr. Over 10 years profit has grown 12.4% a year on average. That is 8.9% of the quarter's revenue. The same quarter a year earlier earned ₹22,092 Cr. For the full year, FY26 profit was ₹95,754 Cr (+17.8% on the year before). Why profit moved: revenue changed +29.8% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +0.5% and revenue +19.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Reliance make, and is it growing? Reliance Industries Ltd reported ₹3,30,601 Cr of revenue in the Sep 2026 quarter, +29.8% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 14.5% a year on average. The last full year, FY26, came in at ₹10,55,780 Cr. The last four reported quarters add to ₹11,99,033 Cr. FY26 revenue was ₹10,55,780 Cr, +9.7% on the year before. Recent pace: the last four quarters grew +19.9% on average, against 14.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.9%, against +13.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −1.8%, against +11.0% a year (rolling over). ## How much of every ₹100 of sales does Reliance keep? Reliance Industries Ltd's operating margin was 17.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 8.0% and 18.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed −4.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Reliance's profit turning into cash? Over the last 3 years, 207% of Reliance Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,92,113 Cr of operating cash against ₹95,754 Cr of profit. After ₹1,58,418 Cr of spending on assets, ₹33,695 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 207% of profit came in as cash: the cash cycle got 44 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building. ## Where does Reliance's cash go? Reliance Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 25 days in FY26, up from −19 days in FY21. It spent ₹5,05,580 Cr on assets over the last 3 years. Customers take 20 days to pay, and stock sits for 88 days on average. At FY26 sales of ₹10,55,780 Cr, each day of that cycle ties up about ₹2,893 Cr, so roughly ₹72,314 Cr is tied up in the business at any time. FY26: customers took 20 days to pay and stock sat for 88 days, about 2.9 months of sales sitting as stock, for a full cycle of 25 days, longer than FY21's −19. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 88 days. Customers pay about 20 days after that. Suppliers are paid at 84 days. Together that makes the 25-day cycle. Spending on assets: ₹5,05,580 Cr over the last 3 years, against ₹1,61,656 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,37,686 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Reliance's P/E ratio, and how does it compare with its own history? Reliance Industries Ltd's P/E is 21.6×, in the middle of its own history: higher than 39% of past readings. Its usual P/E (the middle reading) is 23.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +16.0% while the price moved −11.3%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +2.7% a year; about +8.2% a year came from earnings growth and about −5.5 percentage points from the multiple (the market paying less); over 10 years the price moved +19.1% a year; about +11.4% a year came from earnings growth and about +7.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Reliance business getting better or worse? Reliance Industries Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −1.8% in the latest quarter, against +25.5% at its best in 12 quarters, with ROCE steady at 9.5%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Reliance earn on its capital? Reliance Industries Ltd earned a ROCE of 10% in FY26. That is up from a low of 8% in FY21. Its return on capital used (ROIC) is 4.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 9.1% net margin and 0.48× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 9.1% net margin × 0.48× asset turnover × 2.41× leverage (assets divided by equity) ≈ 10.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.5% − 12.0% = −4.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Reliance have too much debt? Reliance Industries Ltd has total debt of ₹4,05,322 Cr against shareholder equity of ₹11,32,648 Cr as of Sep 2026, so its debt is 0.36× its equity. Year by year, that ratio went from 0.36 in FY22 to 0.46 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Reliance shareholding pattern? Foreign institutions cut their stake in Reliance Industries Ltd by 4.6 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 16.7% of the company. Domestic institutions moved +4.0 points over the same period, to 21.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −4.6 points over 8 quarters, to 16.7%; Domestic institutions: +4.0 points over 8 quarters, to 21.6%; Promoters: +0.2 points over 8 quarters, to 50.4%. Why the owners changed: foreign institutions moved −4.6 points and domestic institutions +4.0 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Reliance from balance-sheet trouble? For Reliance Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Reliance rank in its industry? 37.7 out of 100, rank 5 of 7 in Refineries, with 100% of the evidence available. Reliance Industries Ltd scores 37.7 out of 100 against the 7 companies it is compared with in Refineries, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.9 + 10.9 + 12.1 + 1.8 = 37.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Reliance compared with? Reliance ranks 5 of 7 Refineries companies on the 4-Factor Sector Score, with 37.7 out of 100. 1. [Chennai Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/chennai-petroleum-corporation-ltd) CHENNPETRO · leader · Sector-leading setup · 83% evidence 81.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Revenue 31.2% · Profit 100% · Operating margin change 9 points · 100% evidence Capital efficiency 20.5/25 · ROCE 34.9% · Operating margin 16% · 100% evidence Valuation 11.0/20 · P/E 4× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 30.8% · Lead over NIFTY 500 42.9% · 1 year 54.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.9 + 20.5 + 11 + 19 = 81.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Gandhar Oil Refinery (India) Ltd](https://www.sectoralpha.in/stocks/gandhar-oil-refinery-indialtd) GANDHAR · leader · Most evidence points up · 82% evidence 71.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 48.3% · Profit 100% · Operating margin change 10 points · 95% evidence Capital efficiency 12.2/25 · ROCE 13.3% · Operating margin 16% · 76% evidence Valuation 13.8/20 · P/E 5.4× · PEG n/a · 50% evidence Relative strength 16.3/20 · Lead over its industry 31.2% · Lead over NIFTY 500 42.5% · 1 year 86.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 12.2 + 13.8 + 16.3 = 71.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Mangalore Refinery And Petrochemicals Ltd](https://www.sectoralpha.in/stocks/mangalore-refinery-and-petrochemicals-ltd) MRPL · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Revenue 38.1% · Profit 100% · Operating margin change 3 points · 100% evidence Capital efficiency 12.4/25 · ROCE 18% · Operating margin 10% · 100% evidence Valuation 15.5/20 · P/E 7.3× · PEG 0.55 · 100% evidence Relative strength 13.6/20 · Lead over its industry -1.6% · Lead over NIFTY 500 8.3% · 1 year 4.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.6 + 12.4 + 15.5 + 13.6 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Indian Oil Corporation Ltd](https://www.sectoralpha.in/stocks/indian-oil-corporation-ltd) IOC · turning · Evidence leans up · 82% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 22.8% · Profit 96.1% · Operating margin change 4 points · 95% evidence Capital efficiency 13.9/25 · ROCE 18.7% · Operating margin 13% · 76% evidence Valuation 13.4/20 · P/E 3.9× · PEG n/a · 50% evidence Relative strength 6.7/20 · Lead over its industry -16.8% · Lead over NIFTY 500 -8.1% · 1 year -21.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.7 + 13.9 + 13.4 + 6.7 = 58.7 · What this means: Earnings are strong; relative strength in its sector is -16.8% and the one-year return is -21.5%. 5. Reliance Industries Ltd this page RELIANCE · basing · Evidence leans down · 100% evidence 37.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 19.9% · Profit -1.8% · Operating margin change -1 points · 100% evidence Capital efficiency 10.9/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 12.1/20 · P/E 19.2× · PEG 0.55 · 100% evidence Relative strength 1.8/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -10.5% · 1 year -21.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.9 + 10.9 + 12.1 + 1.8 = 37.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Bharat Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/bharat-petroleum-corporation-ltd) BPCL · quiet · Evidence leans down · 90% evidence 35.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.1/35 · Revenue 21.8% · Profit -25.6% · Operating margin change -3 points · 100% evidence Capital efficiency 15.1/25 · ROCE 25.6% · Operating margin 6% · 100% evidence Valuation 8.8/20 · P/E 8.8× · PEG n/a · 50% evidence Relative strength 4.9/20 · Lead over its industry -16.6% · Lead over NIFTY 500 -7.9% · 1 year -20.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 7.1 + 15.1 + 8.8 + 4.9 = 35.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Hindustan Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/hindustan-petroleum-corporation-ltd) HINDPETRO · basing · Most evidence points down · 93% evidence 34.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.8/35 · Revenue 16.9% · Profit -80% · Operating margin change 0 points · 100% evidence Capital efficiency 12.3/25 · ROCE 22.2% · Operating margin 7% · 100% evidence Valuation 13.5/20 · P/E 50.4× · PEG 0.51 · 65% evidence Relative strength 2.6/20 · Lead over its industry -18.8% · Lead over NIFTY 500 -10.2% · 1 year -28.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 5.8 + 12.3 + 13.5 + 2.6 = 34.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Refineries](https://www.sectoralpha.in/sectors/refineries), all 7 compared on one page. ## Which companies are close to Reliance in size? Reliance is the largest of 7 Refineries companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Mangalore Refinery And Petrochemicals, Chennai Petroleum Corporation and Gandhar Oil Refinery (India). ### Refineries companies close in size

1. Reliance Industries Ltd ₹15,76,405 crore
2. [Indian Oil Corporation Ltd](https://www.sectoralpha.in/stocks/indian-oil-corporation-ltd) ₹1,83,788 crore
3. [Bharat Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/bharat-petroleum-corporation-ltd) ₹1,23,604 crore
4. [Hindustan Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/hindustan-petroleum-corporation-ltd) ₹72,463 crore
5. [Mangalore Refinery And Petrochemicals Ltd](https://www.sectoralpha.in/stocks/mangalore-refinery-and-petrochemicals-ltd) ₹30,346 crore
6. [Chennai Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/chennai-petroleum-corporation-ltd) ₹22,508 crore
7. [Gandhar Oil Refinery (India) Ltd](https://www.sectoralpha.in/stocks/gandhar-oil-refinery-indialtd) ₹2,444 crore

[All 7 Refineries companies, largest first](https://www.sectoralpha.in/sectors/refineries#all-companies)

### Companies close in size in other industries

1. Reliance Industries Ltd ₹15,76,405 crore
2. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) ₹12,31,907 crore · Telecom Services
3. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) ₹10,68,834 crore · Banks - Private
4. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ₹10,03,901 crore · Banks - Private
5. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) ₹9,05,463 crore · IT - Software

## What else do people ask about Reliance? ### What is Reliance's share price today? Reliance Industries Ltd's share price is ₹1,311.00, −11.3% over the past year. The whole company is worth ₹17,73,963 Cr on the market. In the last 52 weeks it traded between ₹1,165 to ₹1,592; today it is 34% of the way up from the low, 0.0% above its 200-day average (as of 4 November 2026). ### What were Reliance's latest quarterly results? Reliance Industries Ltd reported revenue of ₹3,30,601 Cr and net profit of ₹29,550 Cr for the Sep 2026 quarter. Revenue rose 29.8% and profit rose 33.8% compared with a year earlier. Earnings per share were ₹18.88. The operating margin was 17.0%, 1.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Reliance's market cap? Reliance Industries Ltd's market capitalisation is ₹17,73,963 Cr at a share price of ₹1,311.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Reliance performing? Reliance Industries Ltd's share price has been falling for 34 weeks. In its latest quarter, revenue rose 29.8% and profit rose 33.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026). ### Will Reliance's share price go up? This page does not forecast Reliance Industries Ltd's share price. What it shows instead: the share price is ₹1,311.00, and it has been falling for 34 weeks. Its P/E of 21.6× is higher than 39% of its own last 11 years (as of 4 November 2026). ### Who owns Reliance? Promoters own 50.4% of Reliance Industries Ltd, foreign institutions 16.7%, domestic institutions 21.6% and the public 11.1% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 4.6 percentage points over 8 quarters (as of 4 November 2026). ### Does Reliance have too much debt? Reliance Industries Ltd has a moderate amount of debt: its debt is 0.45× its equity, and its operating profit is 7 times its interest bill. FY26 borrowings were ₹4,02,962 Cr against equity of ₹9,04,030 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Reliance in its business cycle? Reliance Industries Ltd's FY26 operating margin was 17.0%, against a 13-year range of 8.0% to 18.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Reliance story? The main question: yearly earnings per share moved +16.0% while the share price moved −11.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Reliance a stock worth studying right now? What the numbers show: Reliance Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +16.0% in a year while the price moved −11.3%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Reliance share price forecast for 2026? What management itself guided: FY27 O2C operating profit described as on course for ₹80,000 crore. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india
- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

This is research, not advice. We’re not SEBI-registered.