RELIANCE · NSE
Reliance Industries
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
9.7%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
17.8%
Operating cash flow
₹192113 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-06-04
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹1055780 Cr. Net profit ends at ₹95754 Cr. Operating cash flow ends at ₹192113 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹466307 Cr | ₹53739 Cr | ₹26958 Cr |
| Mar 2022 | ₹694673 Cr | ₹67845 Cr | ₹110654 Cr |
| Mar 2023 | ₹876396 Cr | ₹74088 Cr | ₹115032 Cr |
| Mar 2024 | ₹899041 Cr | ₹79020 Cr | ₹158788 Cr |
| Mar 2025 | ₹962820 Cr | ₹81309 Cr | ₹178703 Cr |
| Mar 2026 | ₹1055780 Cr | ₹95754 Cr | ₹192113 Cr |
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