Reliance Industries Limited (RIL), one of India’s largest conglomerate companies, has been making headlines in recent years with its aggressive expansion in the retail, telecom, and oil & gas sectors.
As the company continues to diversify its revenue streams, many investors are closely monitoring the Reliance Industries share price target for the next decade.
In this article, we will examine the potential growth drivers and challenges for RIL, and answer the question: Is Reliance Industries a good stock to buy in 2023-2030?
Additionally, with the recent news of Russian crude oil imports creating another record in January, we will explore the impact of this development on RIL’s share price target.
About Reliance Industries
Reliance Industries is a giant Indian corporation with its major offices located in Mumbai, Maharashtra. RIL was established by Dhirubhai Ambani in 1966 and is owned by his sons Mukesh Ambani and Anil Ambani. The company’s core businesses are in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
Reliance Industries is India’s second-largest publicly traded company by market capitalization, and its revenue makes it one of the world’s largest companies. It is one of the most profitable companies in India, and its operations span a wide range of industries, including energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company has a strong presence in India and is expanding its operations into other countries as well. Reliance Industries is committed to making a positive contribution to society and is actively engaged in philanthropic activities.
Stock Price History of Reliance Industries
Reliance Industries is the largest publicly traded company in India by market capitalization. Its shares have been publicly traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since 1977.
The company’s stock price has seen significant growth since it was first listed in 1977. In 1997, the stock price was around Rs. 100 per share. However, since then, the price has steadily risen, reaching over Rs. 1500 per share in 2021. In the last few years, the stock price has seen a surge due to the company’s recent venture into the digital sector with its Jio Platforms.
As of January 2023, the stock price of Reliance Industries was Rs. 2,339 per share.
Latest news about Reliance Industries
- Reliance showcases a hydrogen-run truck at India Energy Week.[7-feb-2023]
- Russian crude oil imports create another record in January. [3-feb-2023]
How to buy Reliance Industries shares? [Online / Offline ]
To buy Reliance Industries shares, you will need to contact a broker or open an account with a stockbroking firm. You may be able to purchase the shares directly from the company, depending on the regulations in your area. Once you have opened an account with a broker, you can place an order to buy Reliance Industries shares. The broker will then execute the purchase order and you will be required to pay the cost of the shares plus any applicable fees or taxes. After the purchase is finalized, the shares will be credited to your account and you will be the owner of Reliance Industries shares.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Reliance Industries: 2023 to 2030
Share Price Target 2023 of Reliance Industries is ₹3,200.88
| When | Maximum Price | Minimum Price |
| February 2023 | ₹2,385.78 | ₹1,835.22 |
| March 2023 | ₹1,789.34 | ₹1,376.41 |
| April 2023 | ₹1,968.27 | ₹1,514.05 |
| May 2023 | ₹1,640.22 | ₹1,261.71 |
| June 2023 | ₹1,968.27 | ₹1,514.05 |
| July 2023 | ₹2,361.92 | ₹1,816.86 |
| August 2023 | ₹2,598.11 | ₹1,998.55 |
| September 2023 | ₹2,728.02 | ₹2,098.48 |
| October 2023 | ₹2,598.11 | ₹1,998.55 |
| November 2023 | ₹2,857.93 | ₹2,198.40 |
| December 2023 | ₹3,200.88 | ₹2,462.21 |
The table above represents the predicted Reliance Industries share price for the year 2023. The shares are expected to experience a bullish trend, with a growth percentage ranging from 18.47% to 30.57% between February 2023 to December 2023. The maximum price prediction for the year ranges from ₹2,385.78 in February 2023 to ₹3,200.88 in December 2023, while the minimum price prediction ranges from ₹1,835.22 in February 2023 to ₹2,462.21 in December 2023.
According to the data, the shares are expected to see an uptrend, with the prices increasing from the beginning to the end of the year. The highest growth percentage is predicted for December 2023 with a 30.57% increase, which could make it a good time for investors to consider buying the shares.
Share Price Target 2024 of Reliance Industries is ₹4,481.37
| When | Maximum Price | Minimum Price |
| January 2024 | ₹3,369.34 | ₹2,591.80 |
| February 2024 | ₹3,785.78 | ₹3,154.82 |
| March 2024 | ₹3,985.03 | ₹3,239.86 |
| April 2024 | ₹3,622.76 | ₹2,786.74 |
| May 2024 | ₹3,018.96 | ₹2,322.28 |
| June 2024 | ₹3,622.76 | ₹2,786.74 |
| July 2024 | ₹3,079.34 | ₹2,387.09 |
| August 2024 | ₹3,387.28 | ₹2,688.31 |
| September 2024 | ₹3,556.64 | ₹2,735.88 |
| October 2024 | ₹4,184.28 | ₹3,218.68 |
| November 2024 | ₹4,393.50 | ₹3,379.61 |
| December 2024 | ₹4,481.37 | ₹3,447.21 |
The maximum price prediction ranges from ₹3,785.78 in February 2024 to ₹4,481.37 in December 2024, while the minimum price prediction ranges from ₹2,591.80 in January 2024 to ₹3,447.21 in December 2024. The shares are expected to continue their bullish trend with a growth percentage ranging from 13.52% to 46.22% between January 2024 to December 2024.
The highest growth percentage is predicted for October 2024 with a 46.22% increase, while the lowest growth percentage is predicted for July 2024 with a 13.52% increase. The data suggests that the shares are expected to maintain an uptrend in 2024, with prices increasing throughout the year.
Share Price Target 2025 of Reliance Industries is ₹5,435.97
| When | Maximum Price | Minimum Price |
| January 2025 | ₹4,570.99 | ₹3,516.15 |
| February 2025 | ₹4,811.57 | ₹3,701.21 |
| March 2025 | ₹5,052.15 | ₹3,886.27 |
| April 2025 | ₹4,510.85 | ₹3,469.88 |
| May 2025 | ₹4,100.77 | ₹3,154.44 |
| June 2025 | ₹4,510.85 | ₹3,469.88 |
| July 2025 | ₹4,296.05 | ₹3,304.65 |
| August 2025 | ₹4,475.05 | ₹3,442.35 |
| September 2025 | ₹4,698.80 | ₹3,614.46 |
| October 2025 | ₹4,980.73 | ₹3,831.33 |
| November 2025 | ₹5,329.38 | ₹4,099.52 |
| December 2025 | ₹5,435.97 | ₹4,181.51 |
The table above represents the predicted Reliance Industries share price for the year 2025. The maximum price prediction ranges from ₹4,811.57 in February 2025 to ₹5,435.97 in December 2025, while the minimum price prediction ranges from ₹3,516.15 in January 2025 to ₹4,181.51 in December 2025. The shares are expected to continue their bullish trend with a growth percentage ranging from 16.24% to 43.17% between January 2025 to December 2025.
The highest growth percentage is predicted for November 2025 with a 43.17% increase, while the lowest growth percentage is predicted for May 2025 with a 16.24% increase. The data suggests that the shares are expected to maintain an uptrend in 2025, with prices increasing throughout the year.
Reliance Industries Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹3,805.18 | ₹2,663.62 |
| 2027 | ₹3,234.40 | ₹2,264.08 |
| 2028 | ₹5,821.92 | ₹4,075.35 |
| 2029 | ₹11,959.13 | ₹8,371.39 |
| 2030 | ₹13,318.12 | ₹9,322.69 |
The share price target for Reliance Industries (RIL) for the period 2026 to 2030 shows a positive growth trend, with the maximum price increasing from ₹3,805.18 in 2026 to ₹13,318.12 in 2030.
The minimum price also shows an upward trend, starting from ₹2,663.62 in 2026 and reaching ₹9,322.69 in 2030.
The growth percentage is significant, with the highest jump observed in 2029 and 2030, reaching ₹11,959.13 and ₹13,318.12 respectively.
The trend is bullish, indicating a positive outlook for the RIL shares in the upcoming years. This data suggests that RIL can be a good investment option for those looking to buy auto stocks.
Financial Condition of Reliance Industries: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Trailing |
| Sales | 3,90,823.00 | 5,68,337.00 | 5,96,679.00 | 4,66,307.00 | 6,98,672.00 | 8,73,898.00 |
| Expenses | 3,26,508.00 | 4,84,087.00 | 5,07,413.00 | 3,85,517.00 | 5,88,077.00 | 7,38,204.00 |
| Operating Profit | 64,315.00 | 84,250.00 | 89,266.00 | 80,790.00 | 1,10,595.00 | 1,35,694.00 |
| Other Income | 9,869.00 | 8,406.00 | 8,570.00 | 22,432.00 | 17,928.00 | 11,576.00 |
| Depreciation | 16,706.00 | 20,934.00 | 22,203.00 | 26,572.00 | 29,797.00 | 36,864.00 |
| Interest | 8,052.00 | 16,495.00 | 22,027.00 | 21,189.00 | 14,584.00 | 17,308.00 |
| Profit before tax | 49,426.00 | 55,227.00 | 53,606.00 | 55,461.00 | 84,142.00 | 93,098.00 |
| Tax | 13,346.00 | 15,390.00 | 13,726.00 | 1,722.00 | 16,297.00 | 22,316.00 |
| Net profit | 36,075.00 | 39,588.00 | 39,354.00 | 49,128.00 | 60,705.00 | 63,606.00 |
| EPS | 53.39 | 58.55 | 58.20 | 77.50 | 89.74 | 94.02 |
| Price to earning | 16.38 | 23.06 | 18.96 | 25.85 | 29.36 | 24.86 |
| Price | 874.41 | 1,350.45 | 1,103.29 | 2,003.10 | 2,634.75 | 2,337.35 |
| RATIOS: | ||||||
| Dividend Payout | 9.85% | 9.73% | 10.47% | 9.18% | 8.92% | |
| OPM | 16.46% | 14.82% | 14.96% | 17.33% | 15.83% | 15.53% |
The Reliance Industries Limited (RIL) financial statement of the past five years showcases the company’s growth.
Over the years, the company has seen a significant increase in its sales, with a revenue growth of 121.6% from March 2018 to March 2022.
The operating profit margin (OPM) of the company has also increased from 16.46% in March 2018 to 15.53% in March 2022. Additionally, the net profit after tax (PAT) has seen a growth of 68.7% over the past five years, with a maximum growth rate of 74.3% in March 2021.
The earnings per share (EPS) of the company has also increased from 53.39 in March 2018 to 94.02 in March 2022, reflecting a growth rate of 77.3%.
The company’s price to earnings ratio has also shown growth, with a maximum of 29.36 in March 2022 and a minimum of 16.38 in March 2018. However, it should be noted that the dividend payout percentage has decreased from 9.85% in March 2018 to 8.92% in March 2022.
Overall, the financial statement depicts the company’s steady growth over the years.
FAQS
Will the share price of Reliance Industries increase in 2023?
It is anticipated that Reliance Industries share price will increase to ₹3,200.88 by the end of 2023. The Company’s strong financial position and robust growth strategy are key factors contributing to this prediction.
What is the anticipated value of Reliance Industries stock in 2030?
It is projected that Reliance Industries’ stock price could be approximately ₹13,318.12 per share by 2030. This projection is based on an in-depth analysis of the bank’s financial performance, market trends, and competition.
How many times does reliance give dividends?
Since April 26, 2001, Reliance Industries Ltd. has declared 24 dividends. Reliance Industries Ltd. distributed an equity dividend of Rs 8.00 per share in the last 12 months.
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Conclusion
Reliance Industries is one of the largest companies in India and is well known for its diversified portfolio of businesses, which include energy, petrochemicals, telecommunications, and retail. The company’s share price has seen a steady increase in the past five years, and it is expected to continue to do so in the next ten years. With strong fundamentals and a good track record of performance, the company is well-positioned to benefit from the growth in the Indian economy.
RIL has also made major investments in new businesses, such as Jio, which is expected to serve as a catalyst for growth in the coming years. As such, it is reasonable to expect that Reliance Industries’ share price could reach up to Rs. 13,000 by 2030.
