External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Our ADD rating on Reliance Industries (RIL) with a price target of INR 3,350/sh is premised on (1) recovery in the O2C business, (2) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams, and (3) potential for further value unlocking in the digital and retail businesses</li><li>RIL’s consolidated Q1FY25 EBITDA stood at INR 388bn (+2% YoY, -9% QoQ), coming in below our estimate, largely impacted by weakness in its O2C segment</li><li>Consumer business segments remained resilient and supported earnings.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Our ADD rating on Reliance Industries (RIL) with a price target of INR 3,350/sh is premised on (1) recovery in the O2C business, (2) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams, and (3) potential for further value unlocking in the digital and retail businessesRIL’s consolidated Q1FY25 EBITDA stood at INR 388bn (+2% YoY, -9% QoQ), coming in below our estimate, largely impacted by weakness in its O2C segmentConsumer business segments remained resilient and supported earnings.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reliance Industries: Earnings Decline on Weak O2C Segment. Maintain ADD

Reliance Industries - Earnings Decline on Weak O2C Segment. Maintain ADD

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>
<a href="https://www.smartkarma.com/entities/reliance-industries-ltd" target="_blank" data-smartkarma-citation="entities:198:1" rel="noopener">Reliance Industries (RIL IN)</a> is developing a new integrated industrial area in Navi Mumbai, part of a global economic hub.</li>
<li>This project, supported by a 43-year land lease and strategic partnerships, aims to attract global companies, fostering innovation and economic growth in the Fourth Industrial Revolution.</li>
<li>Reliance's initiative will significantly boost Navi Mumbai's attractiveness as an investment destination, driving regional economic growth and employment opportunities.</li>
</ul>



Reliance Industries (RIL IN) is developing a new integrated industrial area in Navi Mumbai, part of a global economic hub.
This project, supported by a 43-year land lease and strategic partnerships, aims to attract global companies, fostering innovation and economic growth in the Fourth Industrial Revolution.
Reliance's initiative will significantly boost Navi Mumbai's attractiveness as an investment destination, driving regional economic growth and employment opportunities.


Reliance's Next Mega Industrial Hub: The Rise of Navi Mumbai

<ul><li>Our ADD rating on Reliance Industries (RIL) with a price target of INR 3,255/sh is premised on (1) recovery in the O2C businesses, (2) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams, and (3) potential for further value unlocking in the digital and retail businesses</li><li>RIL’s consolidated Q4FY24 EBITDA at INR 425bn, grew +11% YoY, and came above our estimate, largely driven by Retail segment EBITDA growth of +18% YoY and Digital segment EBITDA growth of +9% YoY</li><li>APAT at INR 190bn (-2% YoY, +10% QoQ) came in above our estimates, also supported by higher-than-expected other income.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Our ADD rating on Reliance Industries (RIL) with a price target of INR 3,255/sh is premised on (1) recovery in the O2C businesses, (2) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams, and (3) potential for further value unlocking in the digital and retail businessesRIL’s consolidated Q4FY24 EBITDA at INR 425bn, grew +11% YoY, and came above our estimate, largely driven by Retail segment EBITDA growth of +18% YoY and Digital segment EBITDA growth of +9% YoYAPAT at INR 190bn (-2% YoY, +10% QoQ) came in above our estimates, also supported by higher-than-expected other income.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reliance Industries (Q4FY24): Strong Growth in Consumer Businesses. Maintain ADD

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-198'>Reliance Industries</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Reliance Industries

India

Reliance Industries Ltd. manufactures petrochemicals, synthetic fibers, fiber intermediates, textiles, blended yarn and polyester staple fiber. The Company also owns a petroleum refinery cum petrochemicals complex in Jamnagar, India that produces a wide range of products such as gasoline, superior kerosene oil and liquefied petroleum gas.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Reliance Industries (RIL IN)

Reliance Industries: Earnings Decline on Weak O2C Segment. Maintain ADD

RIL’s consolidated Q1FY25 EBITDA stood at INR 388bn (+2% YoY, -9% QoQ), coming in below our estimate, largely impacted by weakness in its O2C segment

HDFC Securities

Reliance Industries - Earnings Decline on Weak O2C Segment. Maintain ADD

RIL’s consolidated Q1FY25 EBITDA stood at INR 388bn (+2% YoY, -9% QoQ), coming in below our estimate, largely impacted by weakness in its O2C segment

HDFC Securities

Reliance's Next Mega Industrial Hub: The Rise of Navi Mumbai

Reliance Industries is creating a new industrial area in Navi Mumbai to attract global companies and drive economic growth in the Fourth...

Sudarshan Bhandari

Reliance Industries (Q4FY24): Strong Growth in Consumer Businesses. Maintain ADD

Our estimates remain unchanged. However, our target price is revised to INR 3,255/sh as we roll forward to FY26. We use EV/EBITDA to value...

HDFC Securities

Morning Views Asia: Reliance Industries

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Reliance Industries: Earnings Decline on Weak O2C Segment. Maintain ADD

RIL’s consolidated Q1FY25 EBITDA stood at INR 388bn (+2% YoY, -9% QoQ), coming in below our estimate, largely impacted by weakness in its O2C segment

HDFC Securities

Reliance Industries - Earnings Decline on Weak O2C Segment. Maintain ADD

RIL’s consolidated Q1FY25 EBITDA stood at INR 388bn (+2% YoY, -9% QoQ), coming in below our estimate, largely impacted by weakness in its O2C segment

HDFC Securities

Reliance's Next Mega Industrial Hub: The Rise of Navi Mumbai

​Reliance Industries is creating a new industrial area in Navi Mumbai to attract global companies and drive economic growth in the Fourth...

Sudarshan Bhandari

Reliance Industries (Q4FY24): Strong Growth in Consumer Businesses. Maintain ADD

Our estimates remain unchanged. However, our target price is revised to INR 3,255/sh as we roll forward to FY26. We use EV/EBITDA to value...

HDFC Securities

Morning Views Asia: Reliance Industries

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Reliance Industries is creating a new industrial area in Navi Mumbai to attract global companies and drive economic growth in the Fourth...