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STOCK COMPARISON

Star Petroleum Refining Co vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Star Petroleum Refining Co (SPRC) and Reliance Industries (RELIANCE) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Star Petroleum Refining Co as the less overvalued of the two: Star Petroleum Refining Co trades at THB 10.80 versus a fair value of THB 8.30 (-23%), while Reliance Industries trades at ₹1,335 versus ₹836 (-37%).
Star Petroleum Refining Co
SPRC.BK · THB · Energy
-23%
upside to fair value
overvalued
PriceTHB 10.80
Fair ValueTHB 8.30
Quality65/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-37%
upside to fair value
overvalued
Price₹1,335
Fair Value₹836
Quality50/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Star Petroleum Refining CoReliance Industries
Valuation
3.8×P/E (TTM)21.7×
0.15×P/S (TTM)1.66×
0.92×P/B1.95×
2.6×EV/EBITDA11.0×
0.61×PEG0.82×
5.5%Dividend yield0.5%
THB 0.45Dividend per share₹6.00
Profitability
4%Net margin8%
17%Operating margin10%
21%Return on equity9%
9%Return on assets4%
Growth
-19%Revenue growth (YoY)13%
-5.0%Avg. growth/yr (3Y)6.4%
13.2%Avg. growth/yr (5Y)17.8%
Balance & size
0.05×Debt / equity0.30×
$1BMarket cap$184B
mixedGrowth qualityhealthy

Star Petroleum Refining Co leads: 10 to 4 metric wins.

Dash = 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.

Star Petroleum Refining Coof which business quality 61 · market factors 90 Reliance Industriesof which business quality 50 · market factors 50
ProfitabilityMargins and returns on capital today
41
34
Quality GrowthAre margins and returns improving?
46
45
CashflowEarnings quality: real cash, not paper profit
53
49
Fin. StrengthBalance sheet, leverage, solvency risk
64
47
InvestmentDisciplined investing over empire-building
100
51
Low VolatilityCalm price path (market factor)
66
94
MomentumPrice trend over the last 3–12 months (market factor)
100
34
52W MomentumDistance to the 52-week high (market factor)
100
27
Net IssuanceBuybacks instead of dilution
82
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Star Petroleum Refining Co

DCF ModelsTHB 11.32
Earnings-BasedTHB 4.08
Dividend DiscountTHB 3.26
MultiplesTHB 7.45
Asset-BasedTHB 5.86
Growth DCFTHB 14.66
Economic ProfitTHB 5.18
Growth EarningsTHB 6.40

18 of 24 models see the stock below the current price.

Reliance Industries

DCF Models₹866
Earnings-Based₹704
Dividend Discount₹105
Multiples₹840
Asset-Based₹445
Growth DCF₹915
Economic Profit₹714
Growth Earnings₹904

25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Star Petroleum Refining Co
Bear THB 6.22Fair Value THB 8.30Bull THB 10.37
THB 10.80 = current price (white tick)
Reliance Industries
Bear ₹596Fair Value ₹836Bull ₹1,176
₹1,335 = current price (white tick)

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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.

Star Petroleum Refining Co · Energy

Quality score65 · Top 25%
Fair value upside-23% · below median

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-37% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Star Petroleum Refining Co as the less overvalued of the two: Star Petroleum Refining Co trades at THB 10.80 versus a fair value of THB 8.30 (-23%), while Reliance Industries trades at ₹1,335 versus ₹836 (-37%).

Star Petroleum Refining Co has the higher quality score (65/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.