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Reliance Industrial Infrastructure Limited (RIIL) Fair Value & Analysis

Industrials · IN · Market cap ₹12.3B

RI Reliance Industrial Infrastructure Limited RIIL · NSE
Price₹747.05
Fair Value₹139.49
Upside-81.3%
Quality56/100
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Weak Growth
Highly profitable · 27.3% net margin
negative free cash flow
0.43% dividend yield
Trails peers (3/12)
Narrow moat 30/100
Evidence: Medium Range ₹104.62 – ₹174.36 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 4 days ago

Share price −4.1% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters 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.
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Price vs Fair Value (5 years)

₹1,500 ₹358.34 Fair Value ₹139.49 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹358.34 – ₹1,500 · fair‑value band ₹104.62 – ₹174.36 · the ₹747.05 price screens above the ₹139.49 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Reliance Industrial Infrastructure Limited (RIIL) currently trades at ₹747.05, while our model-based Fair Value estimate is ₹139.49, implying the stock looks roughly 81.3% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Reliance Industrial Infrastructure Limited generated revenue of ₹454M at a net margin of 27.3%. Revenue declined 32.5% year over year. It earns a return on equity of 2.7%. The balance sheet holds a net cash position of ₹9.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹104.62 (bear case) to ₹174.36 (bull case); at ₹747.05, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -81%, RIIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income ₹225.26 ₹217.54 ₹179.64 76
Gordon GGM ₹32.35 ₹35.41 ₹40.07 70
Growth-Adj P/E ₹91.26 ₹130.37 ₹169.48 68
All 9 models by family
Earnings-Based
Graham-Dodd ₹55.80 ₹68.20 ₹76.72 54
Dividend Discount
Gordon GGM ₹32.35 ₹35.41 ₹40.07 70
DDM Multi-Stage ₹32.35 ₹40.59 ₹52.13 61
Multiples
P/E Multiple ₹129.23 ₹172.31 ₹215.39 63
P/S Multiple ₹45.12 ₹60.16 ₹75.20 58
P/B Multiple ₹104.62 ₹139.49 ₹174.36 55
Asset-Based
NCAV (Graham) ₹156.92 ₹210.28 ₹313.85 50
Economic Profit
Residual Income ₹225.26 ₹217.54 ₹179.64 76
Growth Earnings
Growth-Adj P/E ₹91.26 ₹130.37 ₹169.48 68

Widest divergence: Economic Profit (₹217.54) versus Dividend Discount (₹35.41). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹454M
Revenue growth (YoY) -32.5%
Net margin 27.3%
Return on equity 2.7%
Free cash flow −₹357M FY2026
P/E ratio 91.0
More key figures
Operating margin -18.9%
EPS (TTM) ₹8.21
Dividend yield 0.4%
EPS growth (YoY) +0.5%
Net cash ₹9.2M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 47

Profitability 32
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹454M
Latest YoY
−8.2%
Avg. growth/yr (3Y) 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.
−12.6%
Avg. growth/yr (5Y) 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.
−3.5%
Avg. growth/yr (14Y) 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.
−2.1%
Revenue −8.6%/yr
FY22 ₹652M
FY23 ₹680M
FY24 ₹581M
FY25 ₹495M
FY26 ₹454M
Net income +10.4%/yr
FY22 ₹83.5M
FY23 ₹176M
FY24 ₹133M
FY25 ₹120M
FY26 ₹124M

RIIL screens 81% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Reliance Industrial Infrastructure Limited Fair Value". https://www.fairvalue-calculator.com/stock/RIIL

Peer Group

Engineering & Construction · 838 stocks

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.

Quality Score 56 · Above median
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) -19% · Bottom 25%
Revenue growth -33% · Bottom 25%
Dividend yield (TTM) 0.4% · Bottom 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 91.0× · Pricier than 75% of peers
P/B 2.60× · Pricier than median
P/S (TTM) 27.09× · Pricier than 75% of peers
PEG 1.07× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 15
FUTURE 0 · sector 14
PAST 11 · sector 26
HEALTH 0 · sector 94
DIVIDEND 9 · sector 43

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Reliance Industrial Infrastructure Limited (RIIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹139.49 versus a price of ₹747.05, about −81% (overvalued).
What is the fair value of RIIL?
Our model-based fair value for Reliance Industrial Infrastructure Limited is ₹139.49 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹747.05.
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 revenue of Reliance Industrial Infrastructure Limited (RIIL)?
Reliance Industrial Infrastructure Limited reported trailing-twelve-month revenue of about ₹454M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of RIIL?
The net profit margin of Reliance Industrial Infrastructure Limited is about 27.3%, meaning it keeps roughly 27.3% of revenue as net income. Based on the latest reported figures.
Does Reliance Industrial Infrastructure Limited pay a dividend?
Reliance Industrial Infrastructure Limited currently shows a dividend yield of about 0.43% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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