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STOCK COMPARISON

Reliance Industries vs Trualt Bioenergy: Fair Value & Quality

Both stocks run through our valuation models. Here is how Reliance Industries (RELIANCE) and Trualt Bioenergy (TRUALT) compare, as of Oct 2, 2026.

As of Oct 2, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Reliance Industries trades at ₹1,168 versus a fair value of ₹865 (−25.9%), while Trualt Bioenergy trades at ₹444 versus ₹158 (−64.4%).
Reliance Industries
RELIANCE.NSE · INR · Energy
−25.9%
upside to fair value
overvalued
Price₹1,168
Fair Value₹865
Quality50/100
Trualt Bioenergy
TRUALT.NSE · INR · Energy
−64.4%
upside to fair value
overvalued
Price₹444
Fair Value₹158
Quality28/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Reliance IndustriesTrualt Bioenergy
Valuation
22.1×P/E (TTM)27.1×
16.4×Forward P/E (FY2028)n/a
1.53×P/S (TTM)1.86×
1.92×P/B2.51×
10.3×EV/EBITDA12.3×
0.82×PEGn/a
−25.9%Fair value upside−64.4%
0.5%Dividend yieldn/a
₹6.00Dividend per sharen/a
Profitability
12.3%Operating margin17.2%
0.99×EBIT margin trend (5Y)0.90×
9.1%Return on equity8.3%
3.7%Return on assets3.7%
Growth
29.7%Revenue growth (YoY)106.3%
6.4%Avg. growth/yr (3Y)14.2%
17.8%Avg. growth/yr (5Y)n/a
+10.2%Value creation/yrn/a
Balance & size
4.5×Interest coverage (EBIT/interest)1.3×
0.30×Debt / equity0.65×
$180BMarket cap$396M
healthyGrowth qualityexpensive
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Reliance Industries leads: 9 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Reliance Industriesof which business quality 50 · market factors 43 Trualt Bioenergyof which business quality 28 · market factors 41
ProfitabilityMargins and returns on capital today
34
30
Quality GrowthAre margins and returns improving?
45
31
CashflowEarnings quality: real cash, not paper profit
49
0
Fin. StrengthBalance sheet, leverage, solvency risk
47
32
InvestmentDisciplined investing over empire-building
51
0
Low VolatilityCalm price path (market factor)
94
41
MomentumPrice trend over the last 3–12 months (market factor)
30
44
52W MomentumDistance to the 52-week high (market factor)
9
37
Net IssuanceShare count: buybacks or dilution?
82
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyReliance IndustriesPrice ₹1,168Trualt BioenergyPrice ₹444
DCF Models−17.7%below the price₹961n/a
Earnings-Based−41.3%below the price₹685−63.6%below the price₹162
Dividend Discount−91.7%below the price₹96.77n/a
Multiples−28.0%below the price₹840−66.8%below the price₹147
Asset-Based−61.9%below the price₹445−73.3%below the price₹119
Growth DCF−8.1%close to the price₹1,073n/a
Economic Profit−43.9%below the price₹655−77.5%below the price₹100
Growth Earnings−22.6%below the price₹904−55.4%below the price₹198
Minimum−91.7%below the price₹96.77−77.5%below the price₹100
Maximum−8.1%close to the price₹1,073−55.4%below the price₹198
Median−34.7%below the price₹763−66.8%below the price₹147
Geometric mean−49.3%below the price₹592−68.2%below the price₹141

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Reliance Industries: 25 of 26 models see the stock below the current price.

Trualt Bioenergy: 14 of 14 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Reliance Industries
Price ₹1,168
Fair Value ₹865
Bear ₹489Bull ₹1,176
Trualt Bioenergy
Price ₹444
Fair Value ₹158
Bear ₹132Bull ₹198

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Reliance Industries · Energy

Quality score50 · above median
Fair value upside−25.9% · below median

Trualt Bioenergy · Energy

Quality score28 · bottom 25%
Fair value upside−64.4% · bottom 25%

Bottom line

As of Oct 2, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Reliance Industries trades at ₹1,168 versus a fair value of ₹865 (−25.9%), while Trualt Bioenergy trades at ₹444 versus ₹158 (−64.4%).

Reliance Industries has the higher quality score (50/100).

Open Reliance Industries live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.