Historical Financial Statement - RELIANCE INDUSTRIES LTD

Years Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 LTM

# Income Statement
Sales ₹ 3,95,957.0 ₹ 4,33,521.0 ₹ 3,74,372.0 ₹ 2,72,583.0 ₹ 3,03,954.0 ₹ 3,90,823.0 ₹ 5,68,337.0 ₹ 5,96,679.0 ₹ 4,66,307.0 ₹ 6,98,672.0 ₹ 8,73,898.0
Sales Growth - 9.49% -13.64% -27.19% 11.51% 28.58% 45.42% 4.99% -21.85% 49.83% 25.08%

COGS ₹ 3,52,640.0 ₹ 3,87,403.0 ₹ 3,22,483.0 ₹ 2,15,234.0 ₹ 2,41,848.0 ₹ 3,01,249.0 ₹ 4,36,202.0 ₹ 4,45,847.0 ₹ 3,28,419.0 ₹ 5,23,763.0 ₹ 7,38,204.0
COGS % Sales 89.06% 89.36% 86.14% 78.96% 79.57% 77.08% 76.75% 74.72% 70.43% 74.97% 84.47%

Gross Profit ₹ 43,317.0 ₹ 46,118.0 ₹ 51,889.0 ₹ 57,349.0 ₹ 62,106.0 ₹ 89,574.0 ₹ 1,32,135.0 ₹ 1,50,832.0 ₹ 1,37,888.0 ₹ 1,74,909.0 ₹ 1,35,694.0
Gross Profit % Sales 10.94% 10.64% 13.86% 21.04% 20.43% 22.92% 23.25% 25.28% 29.57% 25.03% 15.53%

Selling & General Expenses ₹ 10,162.0 ₹ 11,183.0 ₹ 14,440.0 ₹ 15,568.0 ₹ 15,799.0 ₹ 25,259.0 ₹ 47,885.0 ₹ 61,566.0 ₹ 57,098.0 ₹ 64,314.0 ₹ 0.0
S&G Expenses % Sales 2.57% 2.58% 3.86% 5.71% 5.20% 6.46% 8.43% 10.32% 12.24% 9.21% 0.00%

EBITDA ₹ 33,155.0 ₹ 34,935.0 ₹ 37,449.0 ₹ 41,781.0 ₹ 46,307.0 ₹ 64,315.0 ₹ 84,250.0 ₹ 89,266.0 ₹ 80,790.0 ₹ 1,10,595.0 ₹ 1,35,694.0
EBITDA % Margin 8.37% 8.06% 10.00% 15.33% 15.23% 16.46% 14.82% 14.96% 17.33% 15.83% 15.53%

Interest ₹ 3,463.0 ₹ 3,836.0 ₹ 3,316.0 ₹ 3,691.0 ₹ 3,849.0 ₹ 8,052.0 ₹ 16,495.0 ₹ 22,027.0 ₹ 21,189.0 ₹ 14,584.0 ₹ 17,308.0
Interest % Sales 0.87% 0.88% 0.89% 1.35% 1.27% 2.06% 2.90% 3.69% 4.54% 2.09% 1.98%

Depriciation ₹ 11,232.0 ₹ 11,201.0 ₹ 11,547.0 ₹ 11,565.0 ₹ 11,646.0 ₹ 16,706.0 ₹ 20,934.0 ₹ 22,203.0 ₹ 26,572.0 ₹ 29,797.0 ₹ 36,864.0
Depriciation % Sales 2.84% 2.58% 3.08% 4.24% 3.83% 4.27% 3.68% 3.72% 5.70% 4.26% 4.22%

Earnings Before Tax ₹ 18,460.0 ₹ 19,898.0 ₹ 22,586.0 ₹ 26,525.0 ₹ 30,812.0 ₹ 39,557.0 ₹ 46,821.0 ₹ 45,036.0 ₹ 33,029.0 ₹ 66,214.0 ₹ 81,522.0
EBT % Sales 4.66% 4.59% 6.03% 9.73% 10.14% 10.12% 8.24% 7.55% 7.08% 9.48% 9.33%

Tax ₹ 5,331.0 ₹ 6,215.0 ₹ 7,474.0 ₹ 8,876.0 ₹ 10,201.0 ₹ 13,346.0 ₹ 15,390.0 ₹ 13,726.0 ₹ 1,722.0 ₹ 16,297.0 ₹ 22,316.0
Effective Tax Rate 28.88% 31.23% 33.09% 33.46% 33.11% 33.74% 32.87% 30.48% 5.21% 24.61% 27.37%

Net Profit ₹ 13,129.0 ₹ 13,683.0 ₹ 15,112.0 ₹ 17,649.0 ₹ 20,611.0 ₹ 26,211.0 ₹ 31,431.0 ₹ 31,310.0 ₹ 31,307.0 ₹ 49,917.0 ₹ 59,206.0
Net Margins 3.32% 3.16% 4.04% 6.47% 6.78% 6.71% 5.53% 5.25% 6.71% 7.14% 6.77%

No. Of Equity Shares ₹ 688.8 ₹ 689.5 ₹ 690.3 ₹ 691.3 ₹ 693.6 ₹ 675.7 ₹ 676.1 ₹ 676.2 ₹ 633.9 ₹ 676.5 ₹ 676.5

Earning Per Share ₹ 19.1 ₹ 19.8 ₹ 21.9 ₹ 25.5 ₹ 29.7 ₹ 38.8 ₹ 46.5 ₹ 46.3 ₹ 49.4 ₹ 73.8 ₹ 87.5
EPS Growth % 4.11% 10.32% 16.62% 16.39% 30.54% 19.84% -0.39% 6.65% 49.42% 18.61%

Dividend Per Share ₹ 3.8 ₹ 4.1 ₹ 4.3 ₹ 4.5 ₹ 4.7 ₹ 5.3 ₹ 5.7 ₹ 6.1 ₹ 7.1 ₹ 8.0 ₹ 0.0
Dividend Payout Ratio 20.13% 20.41% 19.47% 17.54% 15.79% 13.56% 12.26% 13.16% 14.41% 10.84% 0.00%

Retained Earnings 79.9% 79.6% 80.5% 82.5% 84.2% 86.4% 87.7% 86.8% 85.6% 89.2% 100.0%
# Balance Sheet
Equity Share Capital ₹ 2,936.0 ₹ 2,940.0 ₹ 2,943.0 ₹ 2,948.0 ₹ 2,959.0 ₹ 5,922.0 ₹ 5,926.0 ₹ 6,339.0 ₹ 6,445.0 ₹ 6,765.0
Reserves ₹ 1,79,119.0 ₹ 1,95,747.0 ₹ 2,15,556.0 ₹ 2,28,608.0 ₹ 2,60,750.0 ₹ 2,87,584.0 ₹ 3,81,186.0 ₹ 4,42,827.0 ₹ 6,93,727.0 ₹ 7,72,720.0
Borrowings ₹ 1,07,219.0 ₹ 1,38,761.0 ₹ 1,68,251.0 ₹ 1,94,714.0 ₹ 2,17,475.0 ₹ 2,39,843.0 ₹ 3,07,714.0 ₹ 3,55,133.0 ₹ 2,78,962.0 ₹ 3,19,158.0
Other Liabilities ₹ 73,083.0 ₹ 91,395.0 ₹ 1,17,736.0 ₹ 1,72,727.0 ₹ 2,25,618.0 ₹ 2,77,924.0 ₹ 3,02,804.0 ₹ 3,58,716.0 ₹ 3,40,931.0 ₹ 3,99,979.0
Total Liablilities ₹ 3,62,357.0 ₹ 4,28,843.0 ₹ 5,04,486.0 ₹ 5,98,997.0 ₹ 7,06,802.0 ₹ 8,11,273.0 ₹ 9,97,630.0 ₹ 11,63,015.0 ₹ 13,20,065.0 ₹ 14,98,622.0

Fixed Assets Net Block ₹ 1,33,487.0 ₹ 1,41,417.0 ₹ 1,56,458.0 ₹ 1,84,910.0 ₹ 1,98,526.0 ₹ 4,03,885.0 ₹ 3,98,374.0 ₹ 5,32,658.0 ₹ 5,41,258.0 ₹ 6,27,798.0
Capital Work in Progress ₹ 49,952.0 ₹ 91,494.0 ₹ 1,66,462.0 ₹ 2,28,697.0 ₹ 3,24,837.0 ₹ 1,87,022.0 ₹ 1,79,463.0 ₹ 1,09,106.0 ₹ 1,25,953.0 ₹ 1,72,506.0
Investments ₹ 42,848.0 ₹ 60,602.0 ₹ 76,451.0 ₹ 84,015.0 ₹ 82,899.0 ₹ 82,862.0 ₹ 2,35,635.0 ₹ 2,76,767.0 ₹ 3,64,828.0 ₹ 3,94,264.0
Other Assets ₹ 21,263.0 ₹ 31,215.0 ₹ 34,007.0 ₹ 39,396.0 ₹ 40,389.0 ₹ 54,857.0 ₹ 75,427.0 ₹ 1,20,005.0 ₹ 1,69,943.0 ₹ 1,36,458.0
Total Non Current Assets ₹ 2,47,550.0 ₹ 3,24,728.0 ₹ 4,33,378.0 ₹ 5,37,018.0 ₹ 6,46,651.0 ₹ 7,28,626.0 ₹ 8,88,899.0 ₹ 10,38,536.0 ₹ 12,01,982.0 ₹ 13,31,026.0

Receivables ₹ 9,750.0 ₹ 9,411.0 ₹ 5,315.0 ₹ 4,465.0 ₹ 8,177.0 ₹ 17,555.0 ₹ 30,089.0 ₹ 19,656.0 ₹ 19,014.0 ₹ 23,640.0
Inventory ₹ 54,601.0 ₹ 56,720.0 ₹ 53,248.0 ₹ 46,486.0 ₹ 48,951.0 ₹ 60,837.0 ₹ 67,561.0 ₹ 73,903.0 ₹ 81,672.0 ₹ 1,07,778.0
Cash & Bank ₹ 50,456.0 ₹ 37,984.0 ₹ 12,545.0 ₹ 11,028.0 ₹ 3,023.0 ₹ 4,255.0 ₹ 11,081.0 ₹ 30,920.0 ₹ 17,397.0 ₹ 36,178.0
Total Current Assets ₹ 1,14,807.0 ₹ 1,04,115.0 ₹ 71,108.0 ₹ 61,979.0 ₹ 60,151.0 ₹ 82,647.0 ₹ 1,08,731.0 ₹ 1,24,479.0 ₹ 1,18,083.0 ₹ 1,67,596.0

Total Assets ₹ 3,62,357.0 ₹ 4,28,843.0 ₹ 5,04,486.0 ₹ 5,98,997.0 ₹ 7,06,802.0 ₹ 8,11,273.0 ₹ 9,97,630.0 ₹ 11,63,015.0 ₹ 13,20,065.0 ₹ 14,98,622.0

Check TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE
# Cash Flow Statement
Operating Activities
Profit from operations ₹ 34,373.0 ₹ 38,444.0 ₹ 38,994.0 ₹ 38,887.0 ₹ 44,170.0 ₹ 62,765.0 ₹ 83,319.0 ₹ 85,347.0 ₹ 80,129.0 ₹ 1,13,726.0
Receivables ₹ 7,289.0 (₹ 1,913.0) ₹ 1,097.0 (₹ 6,880.0) (₹ 8,511.0) (₹ 21,991.0) (₹ 40,136.0) (₹ 13,792.0) ₹ 959.0 (₹ 14,180.0)
Inventory (₹ 7,525.0) (₹ 1,396.0) ₹ 3,472.0 ₹ 6,758.0 (₹ 6,899.0) (₹ 10,474.0) (₹ 6,724.0) (₹ 6,342.0) (₹ 7,769.0) (₹ 24,983.0)
Payables ₹ 7,608.0 ₹ 14,339.0 (₹ 2,754.0) ₹ 7,951.0 ₹ 30,873.0 ₹ 51,003.0 ₹ 18,078.0 ₹ 38,050.0 (₹ 43,148.0) ₹ 39,888.0
Working capital changes ₹ 7,372.0 ₹ 11,030.0 ₹ 1,815.0 ₹ 7,829.0 ₹ 15,463.0 ₹ 18,538.0 (₹ 28,782.0) ₹ 17,916.0 (₹ 49,958.0) ₹ 725.0
Direct taxes (₹ 4,824.0) (₹ 6,213.0) (₹ 6,435.0) (₹ 8,582.0) (₹ 10,083.0) (₹ 9,844.0) (₹ 12,191.0) (₹ 8,386.0) (₹ 3,213.0) (₹ 3,797.0)
Cash From Operating Activities ₹ 44,293.0 ₹ 54,291.0 ₹ 36,189.0 ₹ 45,963.0 ₹ 65,013.0 ₹ 89,997.0 ₹ 13,564.0 ₹ 1,12,793.0 (₹ 23,000.0) ₹ 1,11,379.0

Investing Activitities
Fixed assets purchased (₹ 30,726.0) (₹ 60,087.0) (₹ 63,364.0) (₹ 46,898.0) (₹ 78,109.0) (₹ 73,953.0) (₹ 93,626.0) (₹ 76,517.0) (₹ 1,05,837.0) (₹ 1,00,145.0)
Fixed assets sold ₹ 2,138.0 ₹ 148.0 ₹ 402.0 ₹ 344.0 ₹ 1,482.0 ₹ 999.0 ₹ 849.0 ₹ 964.0 ₹ 2,319.0 ₹ 3,137.0
Investments purchased (₹ 4,84,826.0) (₹ 7,65,659.0) (₹ 6,78,241.0) (₹ 7,15,334.0) (₹ 6,54,760.0) (₹ 5,33,984.0) (₹ 11,05,479.0) (₹ 11,56,843.0) (₹ 6,89,866.0) (₹ 6,67,878.0)
Investments sold ₹ 4,82,102.0 ₹ 7,49,849.0 ₹ 6,66,383.0 ₹ 7,21,182.0 ₹ 6,63,990.0 ₹ 5,37,504.0 ₹ 0.0 ₹ 0.0 ₹ 6,42,551.0 ₹ 6,68,137.0
Interest received ₹ 6,144.0 ₹ 6,413.0 ₹ 6,055.0 ₹ 2,942.0 ₹ 1,110.0 ₹ 1,310.0 ₹ 972.0 ₹ 1,441.0 ₹ 8,400.0 ₹ 5,933.0
Dividends received ₹ 128.0 ₹ 316.0 ₹ 548.0 ₹ 732.0 ₹ 345.0 ₹ 1,021.0 ₹ 501.0 ₹ 78.0 ₹ 26.0 ₹ 19.0
Other investing items (₹ 2,561.0) (₹ 4,050.0) ₹ 3,511.0 ₹ 846.0 (₹ 259.0) (₹ 1,089.0) ₹ 11,02,276.0 ₹ 11,58,380.0 ₹ 22.0 (₹ 18,365.0)
Cash From Investing Activities (₹ 27,601.0) (₹ 73,070.0) (₹ 64,706.0) (₹ 36,186.0) (₹ 66,201.0) (₹ 68,192.0) (₹ 94,507.0) (₹ 72,497.0) (₹ 1,42,385.0) (₹ 1,09,162.0)

Financing Activities
Proceeds from shares 12 ₹ 188.0 ₹ 343.0 ₹ 288.0 ₹ 811.0 ₹ 406.0 ₹ 230.0 ₹ 129.0 ₹ 5.0 ₹ 5.0
Proceeds from borrowings ₹ 21,186.0 ₹ 42,152.0 ₹ 29,413.0 ₹ 34,673.0 ₹ 31,728.0 ₹ 36,970.0 ₹ 1,06,701.0 ₹ 53,760.0 ₹ 46,421.0 ₹ 99,105.0
Repayment of borrowings (₹ 10,532.0) (₹ 19,835.0) (₹ 11,909.0) (₹ 21,693.0) (₹ 18,542.0) (₹ 19,813.0) (₹ 20,245.0) (₹ 18,179.0) (₹ 1,16,921.0) (₹ 49,493.0)
Interest paid fin (₹ 4,626.0) (₹ 5,619.0) (₹ 6,149.0) (₹ 9,224.0) (₹ 12,920.0) (₹ 17,669.0) (₹ 23,338.0) (₹ 28,508.0) (₹ 18,340.0) (₹ 26,349.0)
Dividends paid (₹ 2,949.0) (₹ 3,123.0) (₹ 3,268.0) (₹ 7,259.0) (₹ 53.0) (₹ 3,916.0) (₹ 4,282.0) (₹ 4,592.0) (₹ 3,921.0) (₹ 4,297.0)
Financial liabilities ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 (₹ 1,062.0) (₹ 1,022.0) (₹ 2,132.0)
Share application money ₹ 25.0 ₹ 17.0 ₹ 17.0 ₹ 8.0 ₹ 4.0 ₹ 15.0 ₹ 2.0 ₹ 1.0 ₹ 0.0 ₹ 0.0
Other financing items (₹ 2,708.0) (₹ 67.0) (₹ 3.0) (₹ 3.0) ₹ 7,589.0 ₹ 2,006.0 (₹ 3,162.0) (₹ 4,090.0) ₹ 1,95,682.0 ₹ 450.0
Cash From Financing Activities ₹ 408.0 ₹ 13,713.0 ₹ 8,444.0 (₹ 3,210.0) ₹ 8,617.0 (₹ 2,001.0) ₹ 55,906.0 (₹ 2,541.0) ₹ 1,01,904.0 ₹ 17,289.0

Net Cash Flow ₹ 17,100.0 (₹ 5,066.0) (₹ 20,073.0) ₹ 6,567.0 ₹ 7,429.0 ₹ 19,804.0 (₹ 25,037.0) ₹ 37,755.0 (₹ 63,481.0) ₹ 19,506.0
 Common Size Income Statement - RELIANCE INDUSTRIES LTD

Particulars Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Raw Material Cost 85.16% 83.87% 78.15% 68.33% 71.56% 70.64% 70.23% 68.76% 64.71% 71.04%
Change in Inventory 1.25% 0.13% -0.40% -0.94% 1.72% 2.20% 0.82% 0.85% 1.94% 3.07%
Power and Fuel 2.02% 2.50% 3.54% 3.94% 3.70% 3.73% 3.00% 2.53% 2.83% 2.56%
Other Mfr. Exp 1.82% 1.83% 2.38% 3.03% 3.26% 2.48% 2.15% 1.92% 1.65% 1.74%
Employee Cost 1.31% 1.29% 1.67% 2.72% 2.76% 2.44% 2.20% 2.36% 3.18% 2.69%
Selling and admin 2.57% 2.46% 3.35% 6.90% 6.09% 7.45% 8.84% 10.50% 12.04% 9.10%
Other Expenses 0.00% 0.12% 0.51% -1.19% -0.90% -0.99% -0.41% -0.18% 0.20% 0.11%
Other Income 1.96% 2.04% 2.28% 4.48% 3.03% 2.53% 1.48% 1.44% 4.81% 2.57%
Depreciation 2.84% 2.58% 3.08% 4.24% 3.83% 4.27% 3.68% 3.72% 5.70% 4.26%
Interest 0.87% 0.88% 0.89% 1.35% 1.27% 2.06% 2.90% 3.69% 4.54% 2.09%
Profit before tax 6.62% 6.63% 8.31% 14.21% 13.17% 12.65% 9.72% 8.98% 11.89% 12.04%
Tax 1.35% 1.43% 2.00% 3.26% 3.36% 3.41% 2.71% 2.30% 0.37% 2.33%
Net profit 5.27% 5.19% 6.29% 10.91% 9.84% 9.23% 6.97% 6.60% 10.54% 8.69%
Dividend Amount 0.67% 0.64% 0.79% 1.14% 1.07% 0.91% 0.68% 0.69% 0.97% 0.77%
EBITDA 10.33% 10.09% 12.26% 19.77% 18.29% 18.98% 16.26% 16.31% 21.15% 17.37%

Common Size Balance Sheet Statement - RELIANCE INDUSTRIES LTD

Particulars Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Total Liabilities 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Equity Share Capital 0.81% 0.69% 0.58% 0.49% 0.42% 0.73% 0.59% 0.55% 0.49% 0.45%
Reserves 49.43% 45.65% 42.73% 38.17% 36.89% 35.45% 38.21% 38.08% 52.55% 51.56%
Borrowings 29.59% 32.36% 33.35% 32.51% 30.77% 29.56% 30.84% 30.54% 21.13% 21.30%
Other Liabilities 20.17% 21.31% 23.34% 28.84% 31.92% 34.26% 30.35% 30.84% 25.83% 26.69%

Total Assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Net Block 36.84% 32.98% 31.01% 30.87% 28.09% 49.78% 39.93% 45.80% 41.00% 41.89%
Capital Work in Progress 13.79% 21.34% 33.00% 38.18% 45.96% 23.05% 17.99% 9.38% 9.54% 11.51%
Investments 11.82% 14.13% 15.15% 14.03% 11.73% 10.21% 23.62% 23.80% 27.64% 26.31%
Other Assets 5.87% 7.28% 6.74% 6.58% 5.71% 6.76% 7.56% 10.32% 12.87% 9.11%
Receivables 2.69% 2.19% 1.05% 0.75% 1.16% 2.16% 3.02% 1.69% 1.44% 1.58%
Inventory 15.07% 13.23% 10.55% 7.76% 6.93% 7.50% 6.77% 6.35% 6.19% 7.19%
Cash & Bank 13.92% 8.86% 2.49% 1.84% 0.43% 0.52% 1.11% 2.66% 1.32% 2.41%
 Ratio Analysis - RELIANCE INDUSTRIES LTD
Years Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Trend Mean Median

Sales Growth 9.49% -13.64% -27.19% 11.51% 28.58% 45.42% 4.99% -21.85% 49.83% 9.68% 9.49%
EBITDA Growth 5.37% 7.20% 11.57% 10.83% 38.89% 31.00% 5.95% -9.50% 36.89% 15.36% 10.83%
EBIT Growth 7.79% 13.51% 17.44% 16.16% 28.38% 18.36% -3.81% -26.66% 100.47% 19.07% 16.16%
Net Profit Growth 4.22% 10.44% 16.79% 16.78% 27.17% 19.92% -0.38% -0.01% 59.44% 17.15% 16.78%
Dividend Growth 5.59% 5.25% 5.03% 4.80% 12.06% 8.34% 6.96% 16.79% 12.41% 8.58% 6.96%

Gross Margin 10.94% 10.64% 13.86% 21.04% 20.43% 22.92% 23.25% 25.28% 29.57% 25.03% 20.30% 21.98%
EBITDA Margin 8.37% 8.06% 10.00% 15.33% 15.23% 16.46% 14.82% 14.96% 17.33% 15.83% 13.64% 15.10%
EBIT Margin 5.54% 5.47% 6.92% 11.09% 11.40% 12.18% 11.14% 11.24% 11.63% 11.56% 9.82% 11.19%
EBT Margin 4.66% 4.59% 6.03% 9.73% 10.14% 10.12% 8.24% 7.55% 7.08% 9.48% 7.76% 7.89%
Net Profit Margin 3.32% 3.16% 4.04% 6.47% 6.78% 6.71% 5.53% 5.25% 6.71% 7.14% 5.51% 6.00%

Sales Expenses % Sales 2.57% 2.58% 3.86% 5.71% 5.20% 6.46% 8.43% 10.32% 12.24% 9.21% 6.66% 6.09%
Depriciation % Sales 2.84% 2.58% 3.08% 4.24% 3.83% 4.27% 3.68% 3.72% 5.70% 4.26% 3.82% 3.78%
Operating Income % Sales 5.54% 5.47% 6.92% 11.09% 11.40% 12.18% 11.14% 11.24% 11.63% 11.56% 9.82% 11.19%

Return on Capital Employed 7.58% 7.03% 6.70% 7.09% 7.20% 8.93% 9.11% 8.34% 5.54% 7.35% 7.49% 7.28%
Retained Earnings % 79.87% 79.59% 80.53% 82.46% 84.21% 86.44% 87.74% 86.84% 85.59% 89.16% 84.24% 84.90%
Return Equity % 7.21% 6.89% 6.92% 7.62% 7.82% 8.93% 8.12% 6.97% 4.47% 6.40% 7.13% 7.09%
Self Sustained Growth Rate 5.76% 5.48% 5.57% 6.29% 6.58% 7.72% 7.12% 6.05% 3.83% 5.71% 6.01% 5.91%
Internal Coverage Ratio 6.33x 6.19x 7.81x 8.19x 9.01x 5.91x 3.84x 3.04x 2.56x 5.54x 5.84x 6.05x

Debtor Turnover Ratio 40.61x 46.07x 70.44x 61.05x 37.17x 22.26x 18.89x 30.36x 24.52x 29.55x 38.09x 33.76x
Creditor Turnover Ratio 5.42x 4.74x 3.18x 1.58x 1.35x 1.41x 1.88x 1.66x 1.37x 1.75x 2.43x 1.71x
Inventory Turnover Ratio 7.25x 7.64x 7.03x 5.86x 6.21x 6.42x 8.41x 8.07x 5.71x 6.48x 6.91x 6.76x
Fixed Asset Turnover Ratio 2.97x 3.07x 2.39x 1.47x 1.53x 0.97x 1.43x 1.12x 0.86x 1.11x 1.69x 1.45x
Capital Turnover Ratio 2.17x 2.18x 1.71x 1.18x 1.15x 1.33x 1.47x 1.33x 0.67x 0.90x 1.41x 1.33x

Debtor Days 9 8 5 6 10 16 19 12 15 12 11 11
Payable Days 67 77 115 231 271 260 194 219 267 209 191 214
Inventory Days 50 48 52 62 59 57 43 45 64 56 54 54
Cash Conversion Cycle ( in days ) -8 -21 -58 -163 -202 -186 -132 -162 -188 -140 -126 -151

CFO/Sales 11.19% 12.52% 9.67% 16.86% 21.39% 23.03% 2.39% 18.90% -4.93% 15.94% 12.70% 14.23%
CFO/Total Assets 12.22% 12.66% 7.17% 7.67% 9.20% 11.09% 1.36% 9.70% -1.74% 7.43% 7.68% 8.44%
CFO/Total Debt 41.31% 39.13% 21.51% 23.61% 29.89% 37.52% 4.41% 31.76% -8.24% 34.90% 25.58% 30.83%
 RELIANCE INDUSTRIES LTD - Sales Forecasting RELIANCE INDUSTRIES LTD - EBITDA Forecasting RELIANCE INDUSTRIES LTD - Earning Per Share Forecasting
Year Weight Year Sales Sales Growth Year Weight Year EBITDA Sales Growth Year Weight Year EPS Sales Growth
1 2013A 3,95,957.0 1 2013A 40,905.0 1 2013A 19.1
2 2014A 4,33,521.0 9.49% 2 2014A 43,745.0 6.94% 2 2014A 19.8 4.11%
3 2015A 3,74,372.0 -13.64% 3 2015A 45,903.0 4.93% 3 2015A 21.9 10.32%
4 2016A 2,72,583.0 -27.19% 4 2016A 53,877.0 17.37% 4 2016A 25.5 16.62%
5 2017A 3,03,954.0 11.51% 5 2017A 55,597.0 3.19% 5 2017A 29.7 16.39%
6 2018A 3,90,823.0 28.58% 6 2018A 74,179.0 33.42% 6 2018A 38.8 30.54%
7 2019A 5,68,337.0 45.42% 7 2019A 92,407.0 24.57% 7 2019A 46.5 19.84%
8 2020A 5,96,679.0 4.99% 8 2020A 97,310.0 5.31% 8 2020A 46.3 -0.39%
9 2021A 4,66,307.0 -21.85% 9 2021A 98,611.0 1.34% 9 2021A 49.4 6.65%
10 2022A 6,98,672.0 49.83% 10 2022A 1,21,383.0 23.09% 10 2022A 73.8 49.42%
11 2023F 6,18,107.3 -11.53% 11 2023F 1,22,377.4 0.82% 11 2023F 66.9 -9.39%
12 2024F 6,48,650.3 4.94% 12 2024F 1,31,465.7 7.43% 12 2024F 72.3 8.10%
13 2025F 6,79,193.4 4.71% 13 2025F 1,40,554.0 6.91% 13 2025F 77.7 7.49%
14 2026F 7,09,736.4 4.50% 14 2026F 1,49,642.3 6.47% 14 2026F 83.1 6.97%
15 2027F 7,40,279.5 4.30% 15 2027F 1,58,730.6 6.07% 15 2027F 88.5 6.52%