What Is Reliance Industries’ PE Ratio Today?
As of April 17, 2025, Reliance Industries Ltd (NSE: RELIANCE) has a Price-to-Earnings (P/E) ratio of 24.2.
- Latest Share Price: ₹1238.65
- Earnings per Share (EPS): ₹51.13
- PE Ratio Formula:
- P/E = ₹1238.65 / ₹51.13 ≈ 24.2
✅ A PE ratio of 24.2 means investors are willing to pay ₹24.2 for every ₹1 of earnings Reliance generates.
Reliance Industries PE Ratio Analysis
| Date | Stock Price | TTM Net EPS | PE Ratio |
| 2025-04-17 | 275.2 | - | 24.2 |
| 2024-12-31 | 268.12 | $15.44 | 17.37 |
| 2024-09-30 | 286.98 | $18.21 | 15.76 |
| 2024-06-30 | 282.3 | $19.59 | 14.41 |
| 2024-03-31 | 329.12 | $21.41 | 15.37 |
| 2023-12-31 | 274.5 | $22.61 | 12.14 |
| 2023-09-30 | 256.43 | $23.79 | 10.78 |
| 2023-06-30 | 264.64 | $25.25 | 10.48 |
| 2023-03-31 | 249.11 | $27.91 | 8.93 |
| 2022-12-31 | 195.67 | $29.81 | 6.56 |
| 2022-09-30 | 167.85 | $30.57 | 5.49 |
| 2022-06-30 | 162.73 | $30.27 | 5.38 |
| 2022-03-31 | 174.84 | $26.20 | 6.67 |
| 2021-12-31 | 153.97 | $21.99 | 7.0 |
| 2021-09-30 | 134.59 | $17.36 | 7.75 |
| 2021-06-30 | 142.0 | $12.72 | 11.16 |
| 2021-03-31 | 142.71 | $8.88 | 16.07 |
| 2020-12-31 | 111.7 | $5.68 | 19.67 |
| 2020-09-30 | 94.68 | $6.11 | 15.5 |
| 2020-06-30 | 87.57 | $7.00 | 12.51 |
| 2020-03-31 | 80.29 | $8.45 | 9.5 |
| 2019-12-31 | 109.06 | $10.33 | 10.56 |
| 2019-09-30 | 90.32 | $9.11 | 9.91 |
| 2019-06-30 | 85.26 | $8.74 | 9.76 |
| 2019-03-31 | 80.82 | $9.21 | 8.77 |
| 2018-12-31 | 63.33 | $8.71 | 7.27 |
| 2018-09-30 | 75.42 | $11.58 | 6.51 |
| 2018-06-30 | 76.96 | $10.87 | 7.08 |
| 2018-03-31 | 74.98 | $9.11 | 8.23 |
| 2017-12-31 | 74.61 | $8.33 | 8.96 |
| 2017-09-30 | 65.84 | $5.08 | 12.96 |
| 2017-06-30 | 62.54 | $4.44 | 14.08 |
| 2017-03-31 | 68.31 | $4.42 | 15.46 |
| 2016-12-31 | 67.53 | $4.17 | 16.19 |
| 2016-09-30 | 60.82 | $4.27 | 14.24 |
| 2016-06-30 | 64.57 | $4.28 | 15.09 |
| 2016-03-31 | 57.78 | $4.10 | 14.09 |
| 2015-12-31 | 48.06 | $4.13 | 11.64 |
| 2015-09-30 | 44.51 | $4.37 | 10.19 |
| 2015-06-30 | 49.52 | $4.89 | 10.13 |
| 2015-03-31 | 49.7 | $4.91 | 10.12 |
| 2014-12-31 | 49.5 | $4.72 | 10.49 |
| 2014-09-30 | 54.96 | $4.33 | 12.69 |
| 2014-06-30 | 58.93 | $4.34 | 13.58 |
| 2014-03-31 | 56.22 | $4.17 | 13.48 |
| 2013-12-31 | 60.03 | $4.15 | 14.47 |
| 2013-09-30 | 57.74 | $4.42 | 13.06 |
| 2013-06-30 | 51.43 | $4.50 | 11.43 |
| 2013-03-31 | 55.58 | $4.89 | 11.37 |
| 2012-12-31 | 48.05 | $5.34 | 9.0 |
| 2012-09-30 | 40.33 | $5.19 | 7.77 |
| 2012-06-30 | 38.72 | $5.02 | 7.71 |
| 2012-03-31 | 43.17 | $4.89 | 8.83 |
| 2011-12-31 | 37.12 | $4.58 | 8.1 |
| 2011-09-30 | 25.85 | $4.20 | 6.16 |
| 2011-06-30 | 37.63 | $3.72 | 10.12 |
| 2011-03-31 | 43.69 | $3.24 | 13.48 |
| 2010-12-31 | 38.55 | $2.61 | 14.77 |
| 2010-09-30 | 31.26 | $3.33 | 9.39 |
| 2010-06-30 | 27.14 | $3.25 | 8.35 |
| 2010-03-31 | 36.89 | $2.34 | 15.76 |
| 2009-12-31 | 32.31 | $2.01 | 16.08 |
5-Year Forecast (2024-2028)
Predicted Average PE Ratio: 18.2 ± 1.5 (99% CI)
Expected EPS Growth: 8-12% annually
Price Target Range: ₹3200-₹3800
Why Reliance PE Ratio Matters for Investors
Understanding In a tumultuous market, a P/E of 24.2 is moderate—neither cheap nor aggressive.
Benchmarking by Industry:
- Software for IT: 29.9
- 159.2 at retail
- 15.6 Refineries
- Fabrics: 37.1
📊 Premium pricing and investor confidence are indicated by Reliance PE > Industry Average (Refineries: 15.6).
🏭 Competitive PE Comparison (2025)
Expert Insights: Is Reliance a Good Buy Based on P/E?
Investment Thesis
Reliance's diversified portfolio across O2C, Retail, Jio, and Renewable Energy justifies its premium valuation. Current P/E reflects:
Reliance Share Price History (Last 10 Trading Days)
| Date | Price (₹) | Daily Change |
|---|---|---|
| Apr 16 | 1238.65 | -0.10% |
| Apr 15 | 1239.90 | +1.69% |
| Apr 11 | 1219.30 | +2.84% |
| Apr 09 | 1185.60 | +0.27% |
| Apr 08 | 1182.40 | +1.38% |
| Apr 07 | 1166.20 | -3.21% |
| Apr 04 | 1204.70 | -3.52% |
| Apr 03 | 1248.60 | -0.20% |
| Apr 02 | 1251.10 | -0.11% |
| Apr 01 | 1252.45 | - |
🛡️ Final Thoughts: Should You Trust the PE Ratio?
The PE ratio needs to be read in conjunction with other metrics, such as
- 📈 EPS growth
- 📊 Reliance’s debt-to-equity ratio (0.4)
- ROCE (9.7%) and ROE (8.3%) 💰
✅ Reliance’s PE ratio indicates that it is a dependable long-term investment because to its good fundamentals, sound market positioning, and low D/E, particularly when compared to peers and historical performance.
🛡️ Final Thoughts: Should You Trust the PE Ratio?
Q1: What is Reliance Industries’ current PE ratio?
As of April 17, 2025 – 24.2
Q2: What does a 24.2 PE ratio indicate?
Investors pay ₹24.2 for every ₹1 of current earnings.
Q3: Is Reliance undervalued?
Yes, in contrast to IT or retail. but not against other refineries or oil companies.
Q4: Can the PE ratio predict future returns?
It aids in evaluating market expectations, but it needs to be paired with macroeconomic outlook and earnings projections.