This is a numbers-first look at Reliance Infrastructure Ltd. (RELINFRA), covering income trends, margins, valuation, and shareholding.
Reliance Infra Revenue Trend
Reliance Infrastructure Ltd. clocked ₹23,592 Cr in revenue for FY2025, up 4.8% from FY2024.
Reliance Infrastructure Ltd.'s revenue has only compounded at 3.2% annually over 10 years. Growth at this rate isn't enough to excite most investors.
Reliance Infrastructure Ltd. is a major power company by revenue, with a top line of ₹23,592 Cr.
Revenue has moved in the same direction for 4 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹23,592 Cr | +4.8% |
| FY2024 | ₹22,519 Cr | +6.4% |
| FY2023 | ₹21,161 Cr | +10.6% |
| FY2022 | ₹19,133 Cr | +8.3% |
| FY2021 | ₹17,665 Cr | — |
View Reliance Infrastructure Ltd.'s full 10-year revenue trend with CAGR analysis →
Reliance Infra Profitability
Earnings per share (diluted) were ₹120.68 in FY2025, up from ₹-42.66.
Is Reliance Infra Undervalued
The P/E Ratio valuation pegs Reliance Infrastructure Ltd.'s fair value at ₹244, which is 228.6% upside from the current price.
Reliance Infrastructure Ltd. shares are currently trading at ₹74.17.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹244 | 228.6% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Reliance Infrastructure Ltd. with detailed assumptions →
Reliance Infra Shareholding Pattern
The promoter group has maintained its 19.1% holding through the last 4 quarters.
Foreign institutions moved their stake down to 5.5% from 10.3% over the past year.
DII ownership is at 1.2%, down from the 1.4% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 19.1% | 5.5% | 1.2% | 74.1% |
| Dec 2025 | 19.1% | 5.7% | 1.1% | 74.0% |
| Sep 2025 | 19.1% | 7.1% | 1.3% | 72.5% |
| Jun 2025 | 19.1% | 10.3% | 1.4% | 69.2% |
Track quarterly shareholding changes for Reliance Infrastructure Ltd. →
Reliance Infra Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹658.41B, up 11.3% YoY from ₹591.81B.
Other Assets accounts for 52.3% of the total, ahead of Property, Plant & Equipment (15.9%) and Investments (13.1%).
Capital structure: 36.2% equity, 9.7% debt, 54.2% operating liabilities. Over the year, debt is down 35.7% and equity is up 71.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 24.16B |
| Receivables | 15.32B |
| Inventories | 1.79B |
| Property, Plant & Equipment | 104.76B |
| Investments | 86.50B |
| Intangibles & Goodwill | 81.58B |
| Other Assets | 344.31B |
| Category | Value |
|---|---|
| Equity | 238.13B |
| Short-term Debt | 43.72B |
| Long-term Debt | 19.89B |
| Trade Payables | 170.33B |
| Other Liabilities | 186.34B |
Reliance Infra Stock Analysis
In summary, Reliance Infrastructure Ltd. (RELINFRA) presents the following picture for fundamental analysts.
Revenue of ₹23,592 Cr in FY2025, up 4.8% year-over-year.
Long-term revenue has been compounding at 3.2% annually over 10 years.
The company is profitable, with a net margin of 20.9% and net income of ₹4,938 Cr.
The P/E Ratio model implies 228.6% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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