Reliance Industrial Infrastructure Limited (RIIL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Reliance Industrial Infrastructure Limited ₹139, price ₹667, upside -79.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹554.36 – ₹1,500 · fair‑value band ₹104.62 – ₹174.36 · the ₹666.85 price screens above the ₹139.49 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Reliance Industrial Infrastructure Limited engages in the infrastructure and support services activities in India. The company is involved in setting up and operating industrial infrastructure; transportation of petroleum products, natural gas, and raw water through its pipelines; and other infrastructure support services.
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Reliance Industrial Infrastructure Limited engages in the infrastructure and support services activities in India. The company is involved in setting up and operating industrial infrastructure; transportation of petroleum products, natural gas, and raw water through its pipelines; and other infrastructure support services. It primarily operates in Mumbai and the Rasayani regions of Maharashtra, as well as the Surat and Jamnagar belts of Gujarat. The company was formerly known as CPPL Limited and changed its name to Reliance Industrial Infrastructure Limited in March 1994. Reliance Industrial Infrastructure Limited is based in Mumbai, India.
Stock analysis
Reliance Industrial Infrastructure Limited (RIIL) currently trades at ₹666.85, while our model-based Fair Value estimate is ₹139.49, 79.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹210.28 per share, and 0 of the 9 models we run sit above the ₹666.85 price.
Bear case: the Dividend Discount group reads lowest at ₹26.23, and 9 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹104.62 (bear) to ₹174.36 (bull), the price of ₹666.85 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Reliance Industrial Infrastructure Limited reported revenue of ₹454M in FY2026 versus ₹652M in FY2022, a compound −8.6%/yr. Reported net income was ₹124M in FY2026, compounding +10.4%/yr from FY2022.
Key figures
Market cap ₹10.1B (≈ $105M) · P/E ratio 82.7 · P/S ratio 22.6 · EPS (TTM) ₹8.06 · Dividend yield 0.5% · Net margin 27.3% · Return on equity 2.7% · Return on assets (EBIT) −0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −79%, RIIL screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹26.23 to ₹210.28). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹104.62Fair Value ₹139.49Bull ₹174.36
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.31 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−12.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.5%
Start year 2021 (pandemic). Over 10 years: −6.6% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.1%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.1% vs −3.1%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−14% → −19%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 5.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Reliance Industrial Infrastructure Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 779 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−79.1% · Bottom 25%
Profitability
Return on equity (TTM)2.7% · Below median
Return on assets−1.1% · Bottom 25%
Net margin (TTM)29.2% · Top 25%
Operating margin (TTM)−41.2% · Bottom 25%
Growth and dividend
Revenue growth−30.7% · Bottom 25%
Dividend yield (TTM)0.5% · Bottom 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)82.7× · Priciest 25%
P/B2.12× · Pricier than median
P/S (TTM)24.19× · Priciest 25%
PEG1.07× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)0· sector 20
PAST (return on equity)11· sector 28
HEALTH (low debt)0· sector 94
DIVIDEND (yield)10· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Reliance Industrial Infrastructure Limited (RIIL) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹139.49 versus a price of ₹666.85, about −79% upside (overvalued).
What is the fair value of RIIL?
Our model-based fair value for Reliance Industrial Infrastructure Limited is ₹139.49 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹666.85.
What is the quality score of RIIL?
Reliance Industrial Infrastructure Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Reliance Industrial Infrastructure Limited (RIIL)?
Our model-based price target is the fair value of ₹139.49 (as of Oct 2, 2026) from 9 valuation models. Cautious scenario ₹104.62, optimistic scenario ₹174.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Reliance Industrial Infrastructure Limited stock forecast for 2026?
Our models put fair value at ₹139.49, about −79% upside versus a price of ₹666.85 (overvalued). Cautious scenario ₹104.62, optimistic scenario ₹174.36. The calculation is refreshed regularly with new filings.
What is the revenue of Reliance Industrial Infrastructure Limited (RIIL)?
Reliance Industrial Infrastructure Limited reported trailing-twelve-month revenue of about ₹416M (latest available figure, as of Oct 2, 2026).
Does Reliance Industrial Infrastructure Limited pay a dividend?
Reliance Industrial Infrastructure Limited currently shows a dividend yield of about 0.52% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Reliance Industrial Infrastructure Limited (RIIL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reliance Industrial Infrastructure Limited it is ₹139.49 per share (as of Oct 2, 2026), against a price of ₹666.85. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Reliance Industrial Infrastructure Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, RIIL trades above its calculated fair value: price ₹666.85, fair value ₹139.49, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RIIL?
No. The price is what the market pays today (₹666.85); the fair value is what the company's own numbers justify (₹139.49). For Reliance Industrial Infrastructure Limited the two are ₹527.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reliance Industrial Infrastructure Limited worth?
The market values Reliance Industrial Infrastructure Limited at about ₹10.1B (market capitalisation, as of Oct 2, 2026). Per share that is ₹666.85; our models calculate a fair value of ₹139.49 per share.
What do the bullish and bearish scenarios say about RIIL?
Our models span a range for Reliance Industrial Infrastructure Limited: cautious scenario ₹104.62, base ₹139.49, optimistic ₹174.36 per share (as of Oct 2, 2026, price ₹666.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RIIL?
Reliance Industrial Infrastructure Limited trades at a price-to-earnings ratio of 82.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹139.49 is built from several models across several years. Other multiples: PEG 1.1, P/B 2.1, P/S 24.2.
What is the PEG ratio of RIIL?
The PEG ratio of Reliance Industrial Infrastructure Limited is 1.07 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Reliance Industrial Infrastructure Limited (RIIL)?
Balance-sheet figures for Reliance Industrial Infrastructure Limited (as of Oct 2, 2026): return on equity 2.7%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is RIIL from its 52-week high?
Reliance Industrial Infrastructure Limited trades at ₹666.85, about 28% below its 52-week high of ₹929.47 and 7% above the low of ₹621.57 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹139.49 is for.
Which stocks are comparable to Reliance Industrial Infrastructure Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Reliance Industrial Infrastructure Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹666.85, calculated fair value ₹139.49 (−79%), Quality Score 56/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RIIL calculated?
We run Reliance Industrial Infrastructure Limited through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹139.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1 % above its aggregate fair value. Reliance Industrial Infrastructure Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Reliance Industrial Infrastructure Limited (RIIL)?
The closing price on Oct 1, 2026 was ₹666.85. Our model-based fair value is ₹139.49, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reliance Industrial Infrastructure Limited right now?
The price sits above even our optimistic bull case (₹174.36). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Reliance Industrial Infrastructure Limited
How large is the market capitalisation of Reliance Industrial Infrastructure Limited (RIIL)?
The market capitalisation of Reliance Industrial Infrastructure Limited is ₹10.1B (≈ $105M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Reliance Industrial Infrastructure Limited (RIIL)?
The price-to-sales ratio of Reliance Industrial Infrastructure Limited is 22.6 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Reliance Industrial Infrastructure Limited (RIIL)?
Earnings per share at Reliance Industrial Infrastructure Limited are ₹8.06 (price ÷ EPS = P/E 82.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reliance Industrial Infrastructure Limited (RIIL)?
The dividend yield of Reliance Industrial Infrastructure Limited is 0.5% (payout 43.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Reliance Industrial Infrastructure Limited (RIIL)?
The net margin of Reliance Industrial Infrastructure Limited is 27.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Reliance Industrial Infrastructure Limited (RIIL)?
The return on equity (ROE) of Reliance Industrial Infrastructure Limited is 2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Reliance Industrial Infrastructure Limited (RIIL)?
On an EBIT basis the return on assets of Reliance Industrial Infrastructure Limited is −0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Reliance Industrial Infrastructure Limited (RIIL)?
The operating margin of Reliance Industrial Infrastructure Limited is −41.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reliance Industrial Infrastructure Limited (RIIL)?
Revenue at Reliance Industrial Infrastructure Limited is growing −30.7% versus a year earlier (3y avg −12.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Reliance Industrial Infrastructure Limited (RIIL)?
Earnings per share at Reliance Industrial Infrastructure Limited are growing −8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Reliance Industrial Infrastructure Limited (RIIL) generate?
The free cash flow of Reliance Industrial Infrastructure Limited is −₹357M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Reliance Industrial Infrastructure Limited (RIIL) hold?
Reliance Industrial Infrastructure Limited holds more cash than debt, ₹9.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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