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Reliance Infrastructure

NSEI:RELINFRA
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RELINFRA
NSEI
₹2B
Market Cap
  1. Home
  2. IN
  3. Utilities
Company description

Reliance Infrastructure Limited, an infrastructure company, engages in the generation, transmission, and distribution of electrical power to residential, industrial, commercial, and other customers in India. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Reliance Infrastructure has significant price volatility in the past 3 months.
RELINFRA Share Price and Events
7 Day Returns
7.4%
NSEI:RELINFRA
4%
IN Electric Utilities
8.9%
IN Market
1 Year Returns
-92.7%
NSEI:RELINFRA
-23.5%
IN Electric Utilities
-30.6%
IN Market
RELINFRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reliance Infrastructure (RELINFRA) 7.4% -45.6% -66.9% -92.7% -98.2% -97.7%
IN Electric Utilities 4% -17% -24.8% -23.5% -20% -12.3%
IN Market 8.9% -24.8% -29.4% -30.6% -21.5% -10.4%
1 Year Return vs Industry and Market
  • RELINFRA underperformed the Electric Utilities industry which returned -23.5% over the past year.
  • RELINFRA underperformed the Market in India which returned -30.6% over the past year.
Price Volatility
RELINFRA
Industry
5yr Volatility vs Market

RELINFRA Value

 Is Reliance Infrastructure undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Reliance Infrastructure. This is due to cash flow or dividend data being unavailable. The share price is ₹10.2.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reliance Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reliance Infrastructure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:RELINFRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹-87.86
BSE:500390 Share Price ** BSE (2020-03-31) in INR ₹10.1
India Electric Utilities Industry PE Ratio Median Figure of 7 Publicly-Listed Electric Utilities Companies 8.94x
India Market PE Ratio Median Figure of 2,613 Publicly-Listed Companies 9.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reliance Infrastructure.

NSEI:RELINFRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500390 Share Price ÷ EPS (both in INR)

= 10.1 ÷ -87.86

-0.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Infrastructure is loss making, we can't compare its value to the IN Electric Utilities industry average.
  • Reliance Infrastructure is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Reliance Infrastructure's expected growth come at a high price?
Raw Data
NSEI:RELINFRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Electric Utilities Industry PEG Ratio Median Figure of 5 Publicly-Listed Electric Utilities Companies 1x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Reliance Infrastructure, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reliance Infrastructure's assets?
Raw Data
NSEI:RELINFRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹526.85
BSE:500390 Share Price * BSE (2020-03-31) in INR ₹10.1
India Electric Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Electric Utilities Companies 0.64x
India Market PB Ratio Median Figure of 3,612 Publicly-Listed Companies 0.62x
NSEI:RELINFRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500390 Share Price ÷ Book Value per Share (both in INR)

= 10.1 ÷ 526.85

0.02x

* Primary Listing of Reliance Infrastructure.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Infrastructure is good value based on assets compared to the IN Electric Utilities industry average.
X
Value checks
We assess Reliance Infrastructure's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Reliance Infrastructure has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RELINFRA Future Performance

 How is Reliance Infrastructure expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reliance Infrastructure has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reliance Infrastructure expected to grow at an attractive rate?
  • Unable to compare Reliance Infrastructure's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Reliance Infrastructure's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Reliance Infrastructure's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:RELINFRA Future Growth Rates Data Sources
Data Point Source Value (per year)
India Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 11%
India Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
India Market Earnings Growth Rate Market Cap Weighted Average 19.6%
India Market Revenue Growth Rate Market Cap Weighted Average 8.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:RELINFRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:RELINFRA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:RELINFRA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 193,335 -23,109
2019-09-30 194,682 -26,035
2019-06-30 193,720 -62,721
2019-03-31 192,790 6,841 -64,682
2018-12-31 258,547 -22,678
2018-09-30 258,296 -22,248
2018-06-30 253,585 13,465
2018-03-31 178,852 81,532 4,276
2017-12-31 256,733 12,995
2017-09-30 255,358 13,891
2017-06-30 250,403 14,018
2017-03-31 244,835 86,782 14,288

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Reliance Infrastructure is high growth as no earnings estimate data is available.
  • Unable to determine if Reliance Infrastructure is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:RELINFRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Reliance Infrastructure Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RELINFRA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:RELINFRA Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 -87.86
2019-09-30 -98.97
2019-06-30 -238.48
2019-03-31 -245.95
2018-12-31 -86.24
2018-09-30 -84.59
2018-06-30 51.19
2018-03-31 16.26
2017-12-31 49.41
2017-09-30 52.83
2017-06-30 53.29
2017-03-31 54.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Reliance Infrastructure will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Reliance Infrastructure's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Utilities companies here
  2. Reliance Infrastructure's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Reliance Infrastructure's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reliance Infrastructure has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RELINFRA Past Performance

  How has Reliance Infrastructure performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reliance Infrastructure's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reliance Infrastructure does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Reliance Infrastructure's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Reliance Infrastructure's 1-year growth to the IN Electric Utilities industry average as it is not currently profitable.
Earnings and Revenue History
Reliance Infrastructure's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reliance Infrastructure Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RELINFRA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 193,335.10 -23,108.80 10,738.40
2019-09-30 194,682.20 -26,034.80 11,045.50
2019-06-30 193,719.90 -62,720.80 11,067.40
2019-03-31 192,790.00 -64,682.10 10,991.00
2018-12-31 258,546.60 -22,678.40 19,684.80
2018-09-30 258,296.10 -22,247.60 19,444.70
2018-06-30 253,584.80 13,464.70 19,672.80
2018-03-31 178,851.50 4,275.50 12,086.00
2017-12-31 256,732.60 12,995.40 19,321.60
2017-09-30 255,357.70 13,890.70 18,941.60
2017-06-30 250,402.50 14,017.70 16,977.40
2017-03-31 244,834.70 14,287.80 17,495.40
2016-12-31 167,406.70 22,413.40 905.40
2016-09-30 171,389.00 21,620.20 736.90
2016-06-30 177,269.00 20,753.10 402.50
2016-03-31 262,166.10 10,733.40 17,739.40
2015-12-31 171,572.50 17,737.30 16,443.20
2015-09-30 176,177.80 17,634.10 16,261.30
2015-06-30 173,294.70 17,434.70 16,020.80
2015-03-31 183,172.50 19,180.60
2014-12-31 173,678.20 19,625.80 13,943.30
2014-09-30 168,447.20 19,606.80 13,368.50
2014-06-30 175,387.10 19,560.90 10,538.00
2014-03-31 190,336.80 19,136.70 13,253.80
2013-12-31 204,421.60 20,173.60 13,568.80
2013-09-30 219,036.60 22,948.50 13,753.00
2013-06-30 224,730.50 22,500.60 13,586.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Reliance Infrastructure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Reliance Infrastructure has efficiently used its assets last year compared to the IN Electric Utilities industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Reliance Infrastructure improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Reliance Infrastructure's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reliance Infrastructure has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RELINFRA Health

 How is Reliance Infrastructure's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Reliance Infrastructure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reliance Infrastructure's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Reliance Infrastructure's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Reliance Infrastructure's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reliance Infrastructure Company Filings, last reported 3 months ago.

NSEI:RELINFRA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 156,282.30 148,083.30 57,553.10
2019-09-30 156,282.30 148,083.30 57,553.10
2019-06-30 158,658.50 158,602.40 44,806.30
2019-03-31 158,658.50 177,715.70 9,109.60
2018-12-31 263,938.20 169,517.30 65,444.30
2018-09-30 263,938.20 169,517.30 65,444.30
2018-06-30 257,954.50 225,025.90 54,581.40
2018-03-31 252,565.80 254,409.50 15,241.60
2017-12-31 253,193.00 232,716.00 54,100.90
2017-09-30 253,193.00 190,749.50 54,100.90
2017-06-30 249,444.70 258,205.20 43,509.30
2017-03-31 249,444.70 258,138.60 9,240.90
2016-12-31 292,234.70 266,455.80 96,947.50
2016-09-30 292,234.70 266,455.80 96,947.50
2016-06-30 278,114.80 251,008.10 37,435.70
2016-03-31 232,800.40 305,498.50 7,633.10
2015-12-31 279,978.60 246,454.10 43,158.20
2015-09-30 279,978.60 246,454.10 43,158.20
2015-06-30 271,668.40 257,661.00 39,037.50
2015-03-31 271,668.40 257,698.00 38,896.40
2014-12-31 282,759.70 238,908.90 40,473.20
2014-09-30 282,759.70 238,908.90 40,473.20
2014-06-30 273,958.70 232,379.50 48,145.70
2014-03-31 268,433.70 242,890.90 48,125.70
2013-12-31 263,539.00 194,203.80 35,491.90
2013-09-30 263,539.00 194,203.80 35,491.90
2013-06-30 263,522.30 219,761.80 34,267.00
  • Reliance Infrastructure's level of debt (94.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (84.6% vs 94.8% today).
  • Debt is not well covered by operating cash flow (4.6%, less than 20% of total debt).
  • Reliance Infrastructure is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Reliance Infrastructure's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reliance Infrastructure has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RELINFRA Dividends

 What is Reliance Infrastructure's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Reliance Infrastructure dividends.
If you bought ₹2,000 of Reliance Infrastructure shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Reliance Infrastructure's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Reliance Infrastructure's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:RELINFRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 5.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.9%
India Minimum Threshold Dividend Yield 10th Percentile 0.5%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:RELINFRA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:RELINFRA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2020-02-14 0.000 0.000
2019-11-14 0.000 0.000
2019-08-13 0.000 0.000
2019-06-14 0.000 0.000
2018-09-03 9.500 5.401
2018-08-28 9.500 2.113
2018-04-23 9.500 2.309
2017-09-26 9.000 1.923
2016-05-30 8.500 1.600
2015-05-27 8.000 1.887
2014-08-14 7.500 1.454
2014-05-19 7.500 1.009
2013-05-14 7.400 1.860
2012-05-25 7.300 1.550
2011-05-31 7.200 1.501
2010-11-22 7.100 1.034
2010-05-17 7.100 0.656
2009-07-21 7.000 0.634
2009-04-24 7.000 0.671

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Reliance Infrastructure has not reported any payouts.
  • Unable to verify if Reliance Infrastructure's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Reliance Infrastructure's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Reliance Infrastructure has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reliance Infrastructure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reliance Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reliance Infrastructure has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RELINFRA Management

 What is the CEO of Reliance Infrastructure's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Punit Garg
AGE 54
TENURE AS CEO 0.8 years
CEO Bio

Mr. Punit Garg serves as Chief Executive Officer and Executive Director at Reliance Infrastructure Limited since April 6, 2019. He serves as Non-Executive Director at Reliance Communications Ltd. since April 5, 2019. He served as Chief Executive Officer at Reliance Communications Ltd. until April 5, 2019. Mr. Garg serves as President of Telecom Business at Reliance Communications Limited. Mr. Garg served as Chief Executive Officer of The NLD, ILD and Global Voice Business at Reliance Communications Ltd. since February 2014 and also served as President, Corporate Strategy and Regulatory Affairs and Member of Management Board. Mr. Garg served as President of NLD, ILD and Global Voice Business at Reliance Communications Ltd. Mr. Garg served as Regulatory & Compliance Chief at Reliance Communications Ltd. since December 2014. He served as the President and Chief Executive Officer of Global Enterprise Business Unit of Reliance Communications Ltd. Mr. Garg served as the Chief Executive Officer of Global Telecommunications Infrastructure Management Pte. Ltd., the Trustee-Manager of Global Telecommunications Infrastructure Trust (a/k/a, GTI Trust). Mr. Garg served as member of the Senior Management Team of Reliance Communications since inception. Mr. Garg served as the Chief Executive Officer and President of Reliance Globalcom Services, Inc. until January 2014. He has held a number of key leadership positions during his career in Reliance Communications. He served as the President & Chief Executive Officer of Reliance Globalcom Ltd. since April 2006 and January 2006 respectively. Mr. Garg was instrumental in setting up the Enterprise business in India, where he led planning and launch of fixed wireless phones, public call office and broadband. Mr. Garg successfully led RCOM’s global business to achieve enviable leadership position in the Managed Services and Enterprise Connectivity space in the U.S. and Europe through a string-of-pearls acquisition strategy by acquiring UK-based FLAG, US-headquartered Yipes and UK-headquartered Vanco. Mr. Garg served as the President of Flag Telecom Group Ltd. since April 2006 and also served as its Chief Executive Officer. Mr. Garg joined Reliance Infocomm in 2001 and was heading Reliance Infocomm's international business. Before joining Reliance Communications, Mr. Garg served as Managing Director of Lockheed Martin Global Telecom, responsible for Joint Ventures and Business Management for the South Asia Region. Mr. Garg has held senior executive positions in leading companies including COMSAT Max Ltd, Jet Airways India Ltd. and Equant N.V. (formerly Socie´te´ Internationale de Te´le´communications Ae´ronautiques). Mr. Garg serves as Executive Chairman of Reliance Commercial Co. Ltd. He has been Executive Director of Global Telecommunications Infrastructure Management Pte. Ltd. since April 10, 2012. He was Non Independent Executive Director of Reliance Communications Limited since October 02, 2017 until April 5, 2019. He serves as Director of Anupam Global Soft (U) Limited, Reliance Digital World Limited, Reliance Globalcom Limited, Reliance Globalcom Services, Inc., Reliance Vanco Group Limited, Reliance Wimax World BVI, Warf Telecom International Private Limited and Yipes Holdings, Inc. He served as Director of Reliance Data Exchange Private Limited. Mr. Garg has a Bachelor’s degree in Engineering from Delhi College of Engineering.

CEO Compensation
  • Insufficient data for Punit to compare compensation growth.
  • Insufficient data for Punit to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure of the Reliance Infrastructure management team in years:

0.8
Average Tenure
  • The average tenure for the Reliance Infrastructure management team is less than 2 years, this suggests a new team.
Management Team

Sridhar Narasimhan

TITLE
Chief Financial Officer
TENURE
3.7 yrs

Punit Garg

TITLE
CEO & Executive Director
AGE
54
TENURE
0.8 yrs

Paresh Rathod

TITLE
Company Secretary & Compliance Officer
AGE
50
TENURE
0.6 yrs

Arun Gupta

TITLE
Chief Executive Officer of EPC
Board of Directors Tenure

Average tenure and age of the Reliance Infrastructure board of directors in years:

6.5
Average Tenure
64
Average Age
  • The tenure for the Reliance Infrastructure board of directors is about average.
Board of Directors

Anil Ambani

TITLE
Non Executive Chairman
COMPENSATION
₹55M
AGE
60
TENURE
12.8 yrs

Punit Garg

TITLE
CEO & Executive Director
AGE
54
TENURE
0.8 yrs

Sateesh Seth

TITLE
Non-Executive Vice Chairman
COMPENSATION
₹1M
AGE
63
TENURE
12.8 yrs

Krishnaswamy Ravikumar

TITLE
Independent Director
COMPENSATION
₹2M
AGE
70
TENURE
7.6 yrs

Ryna Karani

TITLE
Independent Director
COMPENSATION
₹1M
AGE
52
TENURE
5.4 yrs

Manjari Kacker

TITLE
Independent Director
AGE
66
TENURE
0.7 yrs

Surinder Kohli

TITLE
Independent Director
COMPENSATION
₹2M
AGE
74
TENURE
8 yrs

Syed Hasnain

TITLE
Independent Director
AGE
65
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Reliance Infrastructure's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reliance Infrastructure has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RELINFRA News

Simply Wall St News

Do Institutions Own Reliance Infrastructure Limited (NSE:RELINFRA) Shares?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … See our latest analysis for Reliance Infrastructure NSEI:RELINFRA Ownership Summary, May 24th 2019 What Does The Institutional Ownership Tell Us About Reliance Infrastructure? … Insider Ownership Of Reliance Infrastructure The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Investors Who Bought Reliance Infrastructure (NSE:RELINFRA) Shares Three Years Ago Are Now Down 77%

And over the last year the share price fell 71%, so we doubt many shareholders are delighted. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Reliance Infrastructure saw its share price decline over the three years in which its EPS also dropped, falling to a loss.

Simply Wall St -

Is Reliance Infrastructure Limited's (NSE:RELINFRA) CEO Pay Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Lalit Jalan's Compensation Compare With Similar Sized Companies. … Our data indicates that Reliance Infrastructure Limited is worth ₹33b, and total annual CEO compensation is ₹35m.

Simply Wall St -

Why You Should Care About Reliance Infrastructure Limited’s (NSE:RELINFRA) Low Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Reliance Infrastructure Limited (NSE:RELINFRA): What Does Its Beta Value Mean For Your Portfolio?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Kind Of Investor Owns Most Of Reliance Infrastructure Limited (NSE:RELINFRA)?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Reliance Infrastructure has a market capitalization of ₹91b, so we would expect some institutional investors to have noticed the stock. … institutional investors have bought into the company.

Simply Wall St -

Is Reliance Infrastructure Limited's (NSE:RELINFRA) CEO Paid Enough To Stay Motivated?

Lalit Jalan has been the CEO of Reliance Infrastructure Limited (NSE:RELINFRA) since 2016. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Reliance Infrastructure Limited has a market capitalization of ₹90.2b, and pays its CEO total annual compensation worth ₹35m.

Simply Wall St -

Does Reliance Infrastructure Limited (NSE:RELINFRA) Have A Good P/E Ratio?

Based on the last twelve months, Reliance Infrastructure's P/E ratio is 6.97. … How Do I Calculate Reliance Infrastructure's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What You Must Know About Reliance Infrastructure Limited's (NSE:RELINFRA) 5.2% ROE

Our data shows Reliance Infrastructure has a return on equity of 5.2% for the last year. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.052 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Owns Most Of Reliance Infrastructure Limited (NSE:RELINFRA)?

I am going to take a deep dive into Reliance Infrastructure Limited’s (NSE:RELINFRA) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine RELINFRA's ownership structure in more detail.

Simply Wall St -

RELINFRA Company Info

Description

Reliance Infrastructure Limited, an infrastructure company, engages in the generation, transmission, and distribution of electrical power to residential, industrial, commercial, and other customers in India. It operates through three segments: Power; Engineering and Construction; and Infrastructure. The company owns and operates a 220 MW combined cycle power plant at Samalkot, a 48 MW combined cycle power plant at Mormugao, a 9.39 MW wind-farm at Chitradurga, and a 165 MW combined cycle power station at Kochi; distributes power in Delhi; and transmits power through its transmission networks in Himachal Pradesh, as well as trades in power. The company also provides integrated design, engineering, procurement, and project management services for coal-based thermal and gas-power projects, nuclear power projects, and metro rail and road projects; and development, operation, and maintenance of toll roads, metro rail transit systems, and airports. In addition, it is involved in the exploration and production of four coal bed methane blocks covering an area of 3,266 square kilometers in Madhya Pradesh, Andhra Pradesh, and Rajasthan; and an oil and gas block covering an area of 3,619 square kilometers in Mizoram. Further, the company engages in the manufacture of defense systems; and real estate and urban transport systems businesses. The company was incorporated in 1929 and is based in Mumbai, India.

Details
Name: Reliance Infrastructure Limited
RELINFRA
Exchange: NSEI
Founded: 1929
₹2,435,894,099
252,424,259
Website: http://www.rinfra.com
Address: Reliance Infrastructure Limited
Reliance Centre,
Ground Floor,
Mumbai,
Maharashtra, 400001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500390 Equity Shares Mumbai Stock Exchange IN INR 25. Sep 1998
NSEI RELINFRA Equity Shares National Stock Exchange of India IN INR 25. Sep 1998
LSE RIFS GDR EACH REPR 3 ORD INR10 REG S London Stock Exchange GB USD 17. May 1996
LSE RIFA GDR-EACH REPR 3 SHS INR10(144A) London Stock Exchange GB USD 13. Mar 1996
OTCPK RELF.F GDR EACH REPR 3 ORD INR10 REG S Pink Sheets LLC US USD 17. May 1996
DB BVT GDR EACH REPR 3 ORD INR10 REG S Deutsche Boerse AG DE EUR 17. May 1996
BATS-CHIXE RIFSL GDR EACH REPR 3 ORD INR10 REG S BATS 'Chi-X Europe' GB USD 17. May 1996
Number of employees
Current staff
Staff numbers
0
Reliance Infrastructure employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 13:02
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2018/04/23
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.