COMPARITIVE FINANCIAL STATEMENT OF RELIANCE

MARCH 2022 MARCH 2021 MARCH 2020 MARCH 2019 MARCH 2018
PROFIT & LOSS ACCOUNT OF (YEAR 5) (YEAR 4) (YEAR 3) (YEAR 2 ) (YEAR 1)
RELIANCE INDUSTRIES (in Rs. Cr.)

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME
REVENUE FROM OPERATIONS
[GROSS] 466,425.00 278,940.00 366,177.00 401,583.00 315,357.00
Less: Excise/Sevice Tax/Other
Levies 42,722.00 33,273.00 29,224.00 29,967.00 25,315.00
REVENUE FROM OPERATIONS
[NET] 423,703.00 245,667.00 336,953.00 371,616.00 290,042.00

TOTAL OPERATING REVENUES 423,703.00 245,667.00 336,953.00 371,616.00 290,042.00

Other Income 13,872.00 14,818.00 13,566.00 8,822.00 8,220.00

TOTAL REVENUE 437,575.00 260,485.00 350,519.00 380,438.00 298,262.00

EXPENSES
Cost Of Materials Consumed 320,852.00 168,262.00 237,342.00 265,288.00 198,029.00

Purchase Of Stock-In Trade 10,691.00 7,301.00 7,292.00 8,289.00 7,268.00

Operating And Direct Expenses 27,155.00 18,375.00 21,424.00 24,839.00 0

Changes In Inventories Of FG,WIP
And Stock-In Trade -7,962.00 610 77 -3,294.00 -3,232.00

Employee Benefit Expenses 5,426.00 5,024.00 6,067.00 5,834.00 4,740.00

Finance Costs 9,123.00 16,211.00 12,105.00 9,751.00 4,656.00
Depreciation And Amortisation
Expenses 10,276.00 9,199.00 9,728.00 10,558.00 9,580.00
Other Expenses 15,951.00 13,565.00 14,306.00 14,252.00 31,496.00

TOTAL EXPENSES 390,789.00 237,577.00 305,958.00 333,071.00 252,537.00

PROFIT/LOSS BEFORE
EXCEPTIONAL, EXTRAORDINARY
ITEMS AND TAX 46,786.00 22,908.00 44,561.00 47,367.00 45,725.00
Exceptional Items 0 4,304.00 -4,245.00 0 0

PROFIT/LOSS BEFORE TAX 46,786.00 27,212.00 40,316.00 47,367.00 45,725.00

TAX EXPENSES-CONTINUED
OPERATIONS
Current Tax 787 0 7,200.00 9,440.00 8,953.00
Less: MAT Credit Entitlement 0 0 0 0 0
Deferred Tax 6,915.00 -4,732.00 2,213.00 2,764.00 3,160.00
Tax For Earlier Years 0 0 0 0 0

TOTAL TAX EXPENSES 7,702.00 -4,732.00 9,413.00 12,204.00 12,113.00

PROFIT/LOSS AFTER TAX AND

BEFORE EXTRAORDINARY ITEMS 39,084.00 31,944.00 30,903.00 35,163.00 33,612.00

PROFIT/LOSS FROM CONTINUING

OPERATIONS 39,084.00 31,944.00 30,903.00 35,163.00 33,612.00

PROFIT/LOSS FOR THE PERIOD 39,084.00 31,944.00 30,903.00 35,163.00 33,612.00

ATEMENT OF RELIANCE INDUSTRIES FOR LAST 5 YEARS

Change(Y5- % change (Y5- Change(Y4- % change (Y4- Change (Y3- % change (Y3- Change ( Y2-
Y4) Y4/Y4%) Y3) Y3/Y3%) Y2) Y2/Y2%) Y1)

187,485.00 67.21337922 -87,237.00 -23.82372459 -35,406.00 -8.816608273 86,226.00

9,449.00 28.39840111 4,049.00 13.85505064 -743.00 -2.479394 4,652.00

178,036.00 72.47045798 -91,286.00 -27.09161218 -34,663.00 -9.327639284 81,574.00

178,036.00 72.47045798 -91,286.00 -27.09161218 -34,663.00 -9.327639284 81,574.00

-946.00 -6.384127413 1,252.00 9.22895474 4,744.00 53.774654273 602.00

177,090.00 67.98472081 -90,034.00 -25.68591146 -29,919.00 -7.864356347 82,176.00

0.00
152,590.00 90.68595405 -69,080.00 -29.10567873 -27,946.00 -10.53421188 67,259.00

3,390.00 46.43199562 9.00 0.123422929 -997.00 -12.0279889 1,021.00

8,780.00 47.78231293 -3,049.00 -14.23170276 -3,415.00 -13.7485406 24,839.00

-8,572.00 -1405.245902 533.00 692.2077922 3,371.00 -102.3375835 -62.00

402.00 8.001592357 -1,043.00 -17.19136311 233.00 3.9938292767 1,094.00

-7,088.00 -43.72339769 4,106.00 33.91986782 2,354.00 24.141113732 5,095.00

1,077.00 11.70779433 -529.00 -5.437911184 -830.00 -7.861337375 978.00

2,386.00 17.58938445 -741.00 -5.179644904 54.00 0.3788941903 -17,244.00

153,212.00 64.48940764 -68,381.00 -22.34979965 -27,113.00 -8.140306421 80,534.00

23,878.00 104.2343286 -21,653.00 -48.59181796 -2,806.00 -5.923955496 1,642.00

-4,304.00 -100 8,549.00 -201.3898704 -4,245.00 0 0.00

19,574.00 71.93150081 -13,104.00 -32.50322453 -7,051.00 -14.88589102 1,642.00

0.00 0 0.00 0 0.00

787.00 0 -7,200.00 -100 -2,240.00 -23.72881356 487.00
 0.00 0 0.00 0 0.00 0 0.00
11,647.00 -246.1327134 -6,945.00 -313.8273836 -551.00 -19.93487699 -396.00
0.00 0 0.00 0 0.00 0 0.00

12,434.00 -262.7641589 -14,145.00 -150.2709019 -2,791.00 -22.86955097 91.00

7,140.00 22.35161533 1,041.00 3.36860499 -4,260.00 -12.11500725 1,551.00

7,140.00 22.35161533 1,041.00 3.36860499 -4,260.00 -12.11500725 1,551.00

7,140.00 22.35161533 1,041.00 3.36860499 -4,260.00 -12.11500725 1,551.00

% change (Y2-
Y1/Y1%)

27.342345342

18.376456646

28.124892257

28.124892257

7.3236009732

27.551615694

0
33.964217362

14.047881123

1.9183168317

23.080168776
109.42869416

10.208768267
-54.7498095

31.889980478

3.5910333516
0

3.5910333516

0
5.4395174802
 0
-12.53164557
0

0.751258978

4.6144234202

4.6144234202

4.6144234202
 COMPARITIVE BALANCESHEET OF RELIANCE INDU

BALANCE SHEET OF RELIANCE MARCH 2022 MARCH 2021 MARCH 2020 MARCH 2019 MARCH 2018
INDUSTRIES (in Rs. Cr.) (YEAR 5) (YEAR 4) (YEAR 3) (YEAR 2) (YEAR 1)

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 6,765.00 6,445.00 6,339.00 6,339.00 6,335.00
TOTAL SHARE CAPITAL 6,765.00 6,445.00 6,339.00 6,339.00 6,335.00
Reserves and Surplus 464,762.00 468,038.00 384,875.00 398,983.00 308,297.00
TOTAL RESERVES AND SURPLUS 464,762.00 468,038.00 384,875.00 398,983.00 308,297.00
TOTAL SHAREHOLDERS FUNDS 471,527.00 474,483.00 391,214.00 405,322.00 314,632.00
NON-CURRENT LIABILITIES
Long Term Borrowings 167,231.00 160,598.00 194,402.00 118,098.00 81,596.00
Deferred Tax Liabilities [Net] 30,832.00 30,788.00 50,556.00 47,317.00 27,926.00
Other Long Term Liabilities 6,504.00 4,518.00 3,434.00 504 504
Long Term Provisions 1,598.00 1,499.00 1,410.00 2,483.00 2,205.00
TOTAL NON-CURRENT LIABILITIES 206,165.00 197,403.00 249,802.00 168,402.00 112,231.00
CURRENT LIABILITIES
Short Term Borrowings 27,332.00 33,152.00 59,899.00 39,097.00 15,239.00
Trade Payables 134,005.00 86,999.00 71,048.00 88,241.00 88,675.00
Other Current Liabilities 38,749.00 80,735.00 198,662.00 73,900.00 85,815.00
Short Term Provisions 896 901 1,073.00 783 918
TOTAL CURRENT LIABILITIES 200,982.00 201,787.00 330,682.00 202,021.00 190,647.00
TOTAL CAPITAL AND LIABILITIES 878,674.00 873,673.00 971,699.00 775,745.00 617,525.00

ASSETS
NON-CURRENT ASSETS
Tangible Assets 223,824.00 292,092.00 297,854.00 194,895.00 191,879.00
Intangible Assets 15,802.00 14,741.00 8,624.00 8,293.00 9,085.00
Capital Work-In-Progress 19,267.00 20,765.00 15,638.00 105,155.00 92,581.00
Other Assets 0 0 0 0 0
FIXED ASSETS 274,288.00 339,668.00 334,443.00 314,745.00 300,447.00
Non-Current Investments 330,493.00 252,620.00 421,793.00 272,043.00 171,945.00
Deferred Tax Assets [Net] 0 0 0 0 0
Long Term Loans And Advances 41,951.00 65,698.00 44,348.00 31,806.00 17,699.00
Other Non-Current Assets 9,544.00 4,968.00 4,461.00 4,287.00 3,522.00
TOTAL NON-CURRENT ASSETS 656,276.00 662,954.00 805,045.00 622,881.00 493,613.00
CURRENT ASSETS
Current Investments 78,304.00 94,665.00 70,030.00 59,640.00 53,277.00
Inventories 45,923.00 37,437.00 38,802.00 44,144.00 39,568.00
Trade Receivables 14,394.00 4,159.00 7,483.00 12,110.00 10,460.00
Cash And Cash Equivalents 21,714.00 5,573.00 8,485.00 3,768.00 2,731.00
Short Term Loans And Advances 161 993 15,028.00 4,876.00 3,533.00
OtherCurrentAssets 61,902.00 67,892.00 26,826.00 28,326.00 14,343.00
TOTAL CURRENT ASSETS 222,398.00 210,719.00 166,654.00 152,864.00 123,912.00
TOTAL ASSETS 878,674.00 873,673.00 971,699.00 775,745.00 617,525.00
ET OF RELIANCE INDUSTRIES LTD FOR LAST 5 YEARS

Change(Y5- % change (Y5- Change(Y4- % change (Y4- Change (Y3- % change Change ( Y2-
Y4) Y4/Y4%) Y3) Y3/Y3%) Y2) (Y3-Y2/Y2%) Y1)

320.00 4.9650892164 106.00 1.672188042 0.00 0 4.00

320.00 4.9650892164 106.00 1.672188042 0.00 0 4.00
-3,276.00 -0.699943167 83,163.00 21.60779474 -14,108.00 -3.535990255 90,686.00
-3,276.00 -0.699943167 83,163.00 21.60779474 -14,108.00 -3.535990255 90,686.00
-2,956.00 -0.622993869 83,269.00 21.28476997 -14,108.00 -3.480689427 90,690.00

6,633.00 4.1301884208 -33,804.00 -17.38870999 76,304.00 64.61074701 36,502.00

44.00 0.1429128232 -19,768.00 -39.10119471 3,239.00 6.845319864 19,391.00
1,986.00 43.95750332 1,084.00 31.56668608 2,930.00 581.3492063 0.00
99.00 6.6044029353 89.00 6.312056738 -1,073.00 -43.21385421 278.00
8,762.00 4.4386356844 -52,399.00 -20.97621316 81,400.00 48.33671809 56,171.00

-5,820.00 -17.55550193 -26,747.00 -44.65350006 20,802.00 53.20612835 23,858.00

47,006.00 54.030506098 15,951.00 22.45101903 -17,193.00 -19.48414003 -434.00
-41,986.00 -52.00470676 -117,927.00 -59.36062256 124,762.00 168.8254398 -11,915.00
-5.00 -0.554938957 -172.00 -16.02982293 290.00 37.03703704 -135.00
-805.00 -0.398935511 -128,895.00 -38.97853527 128,661.00 63.68694344 11,374.00
5,001.00 0.5724109592 -98,026.00 -10.08810341 195,954.00 25.2601048 158,220.00

-68,268.00 -23.37208825 -5,762.00 -1.934504825 102,959.00 52.82793299 3,016.00

1,061.00 7.1976121023 6,117.00 70.92996289 331.00 3.991317979 -792.00
-1,498.00 -7.214062124 5,127.00 32.78552245 -89,517.00 -85.12861966 12,574.00
0.00 0 0.00 0 0.00 0 0.00
-65,380.00 -19.24820707 5,225.00 1.562299106 19,698.00 6.258399657 14,298.00
77,873.00 30.826142032 -169,173.00 -40.10806249 149,750.00 55.04644486 100,098.00
0.00 0 0.00 0 0.00 0 0.00
-23,747.00 -36.14569698 21,350.00 48.14196807 12,542.00 39.43281142 14,107.00
4,576.00 92.109500805 507.00 11.36516476 174.00 4.058782365 765.00
-6,678.00 -1.007309708 -142,091.00 -17.65006925 182,164.00 29.24539358 129,268.00

-16,361.00 -17.28305076 24,635.00 35.17778095 10,390.00 17.42119383 6,363.00

8,486.00 22.66741459 -1,365.00 -3.517859904 -5,342.00 -12.10130482 4,576.00
10,235.00 246.09281077 -3,324.00 -44.42068689 -4,627.00 -38.20809249 1,650.00
16,141.00 289.6285663 -2,912.00 -34.31938715 4,717.00 125.1857749 1,037.00
-832.00 -83.78650554 -14,035.00 -93.39233431 10,152.00 208.2034454 1,343.00
-5,990.00 -8.822836269 41,066.00 153.0828301 -1,500.00 -5.295488244 13,983.00
11,679.00 5.5424522706 44,065.00 26.44100952 13,790.00 9.021090643 28,952.00
5,001.00 0.5724109592 -98,026.00 -10.08810341 195,954.00 25.2601048 158,220.00
% change (Y2-
Y1/Y1%)

0.063141279
0.063141279
29.41514189
29.41514189
28.82415012

44.73503603
69.43708372
0
12.60770975
50.04945158

156.5588293
-0.489427685
-13.88451902
-14.70588235
5.96599999
25.62163475

1.57182391
-8.717666483
13.58162042
0
4.758909225
58.21512693
0
79.70506808
21.72061329
26.18812714

11.94324005
11.56490093
15.77437859
37.97143903
38.0130201
97.49006484
23.36496869
25.62163475
 COMMON SIZE INCOME STATEMENT OF RELIANCE INDUSTRIES LTD F

PARTICULARS 2022(Rs) 2022% 2021(Rs) 2021% 2020 (RS)

INCOME
REVENUE FROM OPERATIONS
[GROSS] 466,425.00 100 278,940.00 100 366,177.00
Less: Excise/Sevice Tax/Other
Levies 42,722.00 9.159457576 33,273.00 11.928371693 29,224.00
REVENUE FROM OPERATIONS
[NET] 423,703.00 90.84054242 245,667.00 88.071628307 336,953.00
TOTAL OPERATING REVENUES 423,703.00 90.84054242 245,667.00 88.071628307 336,953.00
Other Income 13,872.00 2.974111594 14,818.00 5.3122535312 13,566.00
TOTAL REVENUE 437,575.00 93.81465402 260,485.00 93.383881838 350,519.00
EXPENSES
Cost Of Materials Consumed 320,852.00 68.7896232 168,262.00 60.321933032 237,342.00
Purchase Of Stock-In Trade 10,691.00 2.29211556 7,301.00 2.6174087617 7,292.00
Operating And Direct Expenses 27,155.00 5.821943506 18,375.00 6.5874381587 21,424.00
Changes In Inventories Of FG,WIP
And Stock-In Trade -7,962.00 -1.707026853 610 0.2186850219 77
Employee Benefit Expenses 5,426.00 1.163316718 5,024.00 1.8011041801 6,067.00
Finance Costs 9,123.00 1.95594147 16,211.00 5.8116440812 12,105.00
Depreciation And Amortisation
Expenses 10,276.00 2.203140912 9,199.00 3.2978418298 9,728.00
Other Expenses 15,951.00 3.419842418 13,565.00 4.8630529863 14,306.00
TOTAL EXPENSES 390,789.00 83.78388808 237,577.00 85.171363017 305,958.00
PROFIT/LOSS BEFORE
EXCEPTIONAL, EXTRAORDINARY
ITEMS AND TAX 46,786.00 10.03076593 22,908.00 8.2125188213 44,561.00
Exceptional Items 0 0 4,304.00 1.5429841543 -4,245.00
PROFIT/LOSS BEFORE TAX 46,786.00 10.03076593 27,212.00 9.7555029756 40,316.00
TAX EXPENSES-CONTINUED
OPERATIONS
Current Tax 787 0.168730235 0 0 7,200.00
Less: MAT Credit Entitlement 0 0 0 0 0
Deferred Tax 6,915.00 1.482553465 -4,732.00 -1.69642217 2,213.00
Tax For Earlier Years 0 0 0 0 0
TOTAL TAX EXPENSES 7,702.00 1.6512837 -4,732.00 -1.69642217 9,413.00
PROFIT/LOSS AFTER TAX AND
BEFORE EXTRAORDINARY ITEMS 39,084.00 8.379482232 31,944.00 11.451925145 30,903.00
PROFIT/LOSS FROM CONTINUING
OPERATIONS 39,084.00 8.379482232 31,944.00 11.451925145 30,903.00
PROFIT/LOSS FOR THE PERIOD 39,084.00 8.379482232 31,944.00 11.451925145 30,903.00
CE INDUSTRIES LTD FOR LAST 5 YEARS

2020% 2019(Rs) 2019% 2018(Rs) 2018%

100 401,583.00 100 315,357.00 100

7.980839867 29,967.00 7.4622182712 25,315.00 8.027410205

92.01916013 371,616.00 92.537781729 290,042.00 91.9725898

92.01916013 371,616.00 92.537781729 290,042.00 91.9725898
3.704765728 8,822.00 2.1968061397 8,220.00 2.606569697
95.72392586 380,438.00 94.734587869 298,262.00 94.57915949

64.81619545 265,288.00 66.060565313 198,029.00 62.79518133

1.991386679 8,289.00 2.0640813979 7,268.00 2.304689606
5.850722465 24,839.00 6.1852717869 0 0

0.021028082 -3,294.00 -0.820253845 -3,232.00 -1.024870226

1.65684901 5,834.00 1.452750739 4,740.00 1.503058439
3.305778353 9,751.00 2.4281406334 4,656.00 1.47642196

2.656638729 10,558.00 2.6290953551 9,580.00 3.037826971

3.906853789 14,252.00 3.5489550105 31,496.00 9.987411093
83.55467438 333,071.00 82.939516862 252,537.00 80.07971918

12.16925148 47,367.00 11.795071006 45,725.00 14.49944032

-1.159275432 0 0 0 0
11.00997605 47,367.00 11.795071006 45,725.00 14.49944032

1.966262217 9,440.00 2.3506971162 8,953.00 2.839004684

0 0 0 0 0
0.60435254 2,764.00 0.6882761471 3,160.00 1.002038959
0 0 0 0 0
2.570614757 12,204.00 3.0389732633 12,113.00 3.841043643

8.439361292 35,163.00 8.7560977432 33,612.00 10.65839667

8.439361292 35,163.00 8.7560977432 33,612.00 10.65839667

8.439361292 35,163.00 8.7560977432 33,612.00 10.65839667

BALANCE SHEET OF RELIANCE
INDUSTRIES (in Rs. Cr.)
SOURCES OF FUNDS
SHAREHOLDER'S FUNDS
Equity Share Capital
TOTAL SHARE CAPITAL
Reserves and Surplus
TOTAL RESERVES AND SURPLUS
TOTAL SHAREHOLDERS FUNDS
NON-CURRENT LIABILITIES
Long Term Borrowings
Deferred Tax Liabilities [Net]
Other Long Term Liabilities
Long Term Provisions
TOTAL NON-CURRENT LIABILITIES
CURRENT LIABILITIES
Short Term Borrowings
Trade Payables
Other Current Liabilities
Short Term Provisions
TOTAL CURRENT LIABILITIES
TOTAL CAPITAL EMPLOYED
APPLICATION OF FUNDS
NON-CURRENT ASSETS
Tangible Assets
Intangible Assets
Capital Work-In-Progress
Other Assets
FIXED ASSETS
Non-Current Investments
Deferred Tax Assets [Net]
Long Term Loans And Advances
Other Non-Current Assets
TOTAL NON-CURRENT ASSETS
CURRENT ASSETS
Current Investments
Inventories
Trade Receivables
Cash And Cash Equivalents
Short Term Loans And Advances
OtherCurrentAssets
COMMON SIZE BALANCESHEET OF RELIANCE INDUSTRIES LTD. FO
2022(Rs) 2022% 2021(Rs) 2021% 2020 (RS)
6,765.00 0.7699101146 6,445.00 0.7376901884 6,339.00
6,765.00 0.7699101146 6,445.00 0.7376901884 6,339.00
464,762.00 52.893564621 468,038.00 53.571301849 384,875.00
464,762.00 52.893564621 468,038.00 53.571301849 384,875.00
471,527.00 53.663474736 474,483.00 54.308992037 391,214.00
167,231.00 19.032200793 160,598.00 18.38193466 194,402.00
30,832.00 3.5089236736 30,788.00 3.5239729281 50,556.00
6,504.00 0.7402062653 4,518.00 0.5171271174 3,434.00
1,598.00 0.1818649465 1,499.00 0.1715744907 1,410.00
206,165.00 23.463195679 197,403.00 22.594609196 249,802.00
27,332.00 3.1105961938 33,152.00 3.7945547133 59,899.00
134,005.00 15.250821124 86,999.00 9.9578446398 71,048.00
38,749.00 4.409940433 80,735.00 9.2408715847 198,662.00
896 0.1019718348 901 0.1031278293 1,073.00
200,982.00 22.873329585 201,787.00 23.096398767 330,682.00
878,674.00 100 873,673.00 100 971,699.00
223,824.00 25.472928526 292,092.00 33.432645853 297,854.00
15,802.00 1.7983916674 14,741.00 1.6872445411 8,624.00
19,267.00 2.1927358725 20,765.00 2.3767473643 15,638.00
0 0 0 0 0
274,288.00 31.216127938 339,668.00 38.878161509 334,443.00
330,493.00 37.612698225 252,620.00 28.914708363 421,793.00
0 0 0 0 0
41,951.00 4.7743531731 65,698.00 7.5197470907 44,348.00
9,544.00 1.0861821335 4,968.00 0.5686338023 4,461.00
656,276.00 74.68936147 662,954.00 75.881250765 805,045.00
78,304.00 8.9116099942 94,665.00 10.835289634 70,030.00
45,923.00 5.2263979587 37,437.00 4.2850128137 38,802.00
14,394.00 1.6381502127 4,159.00 0.4760362287 7,483.00
21,714.00 2.4712236848 5,573.00 0.6378816788 8,485.00
161 0.0183230641 993 0.1136580849 15,028.00
61,902.00 7.0449336159 67,892.00 7.7708707949 26,826.00
TOTAL CURRENT ASSETS 222,398.00 25.31063853 210,719.00 24.118749235 166,654.00
TOTAL ASSETS EMPLOYED 878,674.00 100 873,673.00 100 971,699.00
NDUSTRIES LTD. FOR LAST 5 YEARS

2020% 2019(Rs) 2019% 2018(Rs) 2018%

0.6523625114 6,339.00 0.817149966 6,335.00 1.025869398

0.6523625114 6,339.00 0.817149966 6,335.00 1.025869398
39.608458998 398,983.00 51.43223611 308,297.00 49.924618437
39.608458998 398,983.00 51.43223611 308,297.00 49.924618437
40.26082151 405,322.00 52.24938607 314,632.00 50.950487835

20.006401159 118,098.00 15.2238171 81,596.00 13.21339217

5.2028457372 47,317.00 6.099555911 27,926.00 4.5222460629
0.3534016192 504 0.064969803 504 0.0816161289
0.1451066637 2,483.00 0.320079408 2,205.00 0.3570705639
25.707755179 168,402.00 21.70842223 112,231.00 18.174324926

6.1643574811 39,097.00 5.039929358 15,239.00 2.4677543419

7.3117292495 88,241.00 11.37500081 88,675.00 14.359742521
20.444808526 73,900.00 9.526326306 85,815.00 13.896603376
0.1104251419 783 0.10093523 918 0.1486579491
34.031320399 202,021.00 26.0421917 190,647.00 30.872758188
100 775,745.00 100 617,525.00 100

30.652907948 194,895.00 25.12359087 191,879.00 31.072264281

0.8875176366 8,293.00 1.069036861 9,085.00 1.4711954982
1.6093461041 105,155.00 13.55535646 92,581.00 14.99226752
0 0 0 0 0
34.418374414 314,745.00 40.57325539 300,447.00 48.653414842
43.407783686 272,043.00 35.06861146 171,945.00 27.844216833
0 0 0 0 0
4.5639647669 31,806.00 4.100058653 17,699.00 2.8661187806
0.4590927849 4,287.00 0.552630052 3,522.00 0.5703412817
82.849215652 622,881.00 80.29455556 493,613.00 79.934091737

7.2069642966 59,640.00 7.688093381 53,277.00 8.6275049593

3.9932118897 44,144.00 5.690529749 39,568.00 6.4075138658
0.7700944428 12,110.00 1.561079994 10,460.00 1.6938585482
0.8732127953 3,768.00 0.485726624 2,731.00 0.4422493016
1.5465694624 4,876.00 0.628557064 3,533.00 0.5721225861
2.7607314611 28,326.00 3.651457631 14,343.00 2.3226590017
17.150784348 152,864.00 19.70544444 123,912.00 20.065908263
100 775,745.00 100 617,525.00 100
 TREND ANALYSIS INCOME STATEMENT OF RELIANCE INDUSTRIES LTD.

PARTICULARS 2022(Rs) 2022% 2021(Rs) 2021% 2020 (RS)

INCOME
REVENUE FROM OPERATIONS
[GROSS] 466,425.00 147.9038043 278,940.00 88.452135199 366,177.00
Less: Excise/Sevice Tax/Other
Levies 42,722.00 168.7616038 33,273.00 131.43590756 29,224.00
REVENUE FROM OPERATIONS
[NET] 423,703.00 146.0833259 245,667.00 84.700491653 336,953.00
TOTAL OPERATING REVENUES 423,703.00 146.0833259 245,667.00 84.700491653 336,953.00
Other Income 13,872.00 168.7591241 14,818.00 180.2676399 13,566.00
TOTAL REVENUE 437,575.00 146.7082632 260,485.00 87.334289987 350,519.00
EXPENSES
Cost Of Materials Consumed 320,852.00 162.022734 168,262.00 84.96836322 237,342.00
Purchase Of Stock-In Trade 10,691.00 147.096863 7,301.00 100.45404513 7,292.00
Operating And Direct Expenses 27,155.00 0 18,375.00 0 21,424.00
Changes In Inventories Of FG,WIP
And Stock-In Trade -7,962.00 246.3490099 610 -18.87376238 77
Employee Benefit Expenses 5,426.00 114.4725738 5,024.00 105.99156118 6,067.00
Finance Costs 9,123.00 195.9407216 16,211.00 348.17439863 12,105.00
Depreciation And Amortisation
Expenses 10,276.00 107.2651357 9,199.00 96.022964509 9,728.00
Other Expenses 15,951.00 50.64452629 13,565.00 43.068961138 14,306.00
TOTAL EXPENSES 390,789.00 154.7452453 237,577.00 94.076115579 305,958.00
PROFIT/LOSS BEFORE
EXCEPTIONAL, EXTRAORDINARY
ITEMS AND TAX 46,786.00 102.3203937 22,908.00 50.099507928 44,561.00
Exceptional Items 0 0 4,304.00 0 -4,245.00
PROFIT/LOSS BEFORE TAX 46,786.00 102.3203937 27,212.00 59.512301804 40,316.00
TAX EXPENSES-CONTINUED
OPERATIONS
Current Tax 787 8.790349603 0 0 7,200.00
Less: MAT Credit Entitlement 0 0 0 #DIV/0! 0
Deferred Tax 6,915.00 218.8291139 -4,732.00 -149.7468354 2,213.00
Tax For Earlier Years 0 0 0 0 0
TOTAL TAX EXPENSES 7,702.00 63.58457855 -4,732.00 -39.06546685 9,413.00
PROFIT/LOSS AFTER TAX AND
BEFORE EXTRAORDINARY ITEMS 39,084.00 116.2799 31,944.00 95.037486612 30,903.00
PROFIT/LOSS FROM CONTINUING
OPERATIONS 39,084.00 116.2799 31,944.00 95.037486612 30,903.00
PROFIT/LOSS FOR THE PERIOD 39,084.00 116.2799 31,944.00 95.037486612 30,903.00
ANCE INDUSTRIES LTD. FOR LAST 5 YEARS

2020% 2019(Rs) 2019% 2018(Rs) 2018%

116.115069588 401,583.00 127.34234534 315,357.00 100

115.441437883 29,967.00 118.37645665 25,315.00 100

116.173864475 371,616.00 128.12489226 290,042.00 100

116.173864475 371,616.00 128.12489226 290,042.00 100
165.03649635 8,822.00 107.32360097 8,220.00 100
117.520502109 380,438.00 127.55161569 298,262.00 100
100
119.852142868 265,288.00 133.96421736 198,029.00 100
100.33021464 8,289.00 114.04788112 7,268.00 100
0 24,839.00 0 0 100

-2.38242574257 -3,294.00 101.91831683 -3,232.00 100

127.995780591 5,834.00 123.08016878 4,740.00 100
259.987113402 9,751.00 209.42869416 4,656.00 100

101.544885177 10,558.00 110.20876827 9,580.00 100

45.4216408433 14,252.00 45.2501905 31,496.00 100
121.153731928 333,071.00 131.88998048 252,537.00 100

97.4543466375 47,367.00 103.59103335 45,725.00 100

0 0 0 0 100
88.1705850191 47,367.00 103.59103335 45,725.00 100

80.4199709595 9,440.00 105.43951748 8,953.00 100

0 0 0 0 100
70.0316455696 2,764.00 87.46835443 3,160.00 100
0 0 0 0 100
77.7098984562 12,204.00 100.75125898 12,113.00 100

91.9403784363 35,163.00 104.61442342 33,612.00 100

91.9403784363 35,163.00 104.61442342 33,612.00 100

91.9403784363 35,163.00 104.61442342 33,612.00 100
 TREND ANALYSIS BALANCESHEET OF RELIANCE INDUSTRIES LTD. FO

BALANCE SHEET OF RELIANCE

2022(Rs) 2022% 2021(Rs) 2021% 2020 (RS)
INDUSTRIES (in Rs. Cr.)

SOURCES OF FUNDS
SHAREHOLDER'S FUNDS
Equity Share Capital 6,765.00 106.7876875 6,445.00 101.73638516 6,339.00
TOTAL SHARE CAPITAL 6,765.00 106.7876875 6,445.00 101.73638516 6,339.00
Reserves and Surplus 464,762.00 150.7513858 468,038.00 151.81399754 384,875.00
TOTAL RESERVES AND SURPLUS 464,762.00 150.7513858 468,038.00 151.81399754 384,875.00
TOTAL SHAREHOLDERS FUNDS 471,527.00 149.8661929 474,483.00 150.80570317 391,214.00
NON-CURRENT LIABILITIES
Long Term Borrowings 167,231.00 204.9499975 160,598.00 196.82092259 194,402.00
Deferred Tax Liabilities [Net] 30,832.00 110.4060732 30,788.00 110.24851393 50,556.00
Other Long Term Liabilities 6,504.00 1290.47619 4,518.00 896.42857143 3,434.00
Long Term Provisions 1,598.00 72.47165533 1,499.00 67.98185941 1,410.00
TOTAL NON-CURRENT LIABILITIES 206,165.00 183.6970178 197,403.00 175.88990564 249,802.00
CURRENT LIABILITIES
Short Term Borrowings 27,332.00 179.3556008 33,152.00 217.54708314 59,899.00
Trade Payables 134,005.00 151.1192557 86,999.00 98.109952072 71,048.00
Other Current Liabilities 38,749.00 45.15411059 80,735.00 94.080288994 198,662.00
Short Term Provisions 896 97.60348584 901 98.148148148 1,073.00
TOTAL CURRENT LIABILITIES 200,982.00 105.4210137 201,787.00 105.84326006 330,682.00
TOTAL CAPITAL EMPLOYED 878,674.00 142.2896239 873,673.00 141.47977815 971,699.00

ASSETS
NON-CURRENT ASSETS
Tangible Assets 223,824.00 116.6485129 292,092.00 152.22718484 297,854.00
Intangible Assets 15,802.00 173.9350578 14,741.00 162.2564667 8,624.00
Capital Work-In-Progress 19,267.00 20.81096553 20,765.00 22.429008112 15,638.00
Other Assets 0 0 0 0 0
FIXED ASSETS 274,288.00 91.29330631 339,668.00 113.05421588 334,443.00
Non-Current Investments 330,493.00 192.2085551 252,620.00 146.91907296 421,793.00
Deferred Tax Assets [Net] 0 0 0 0 0
Long Term Loans And Advances 41,951.00 237.0246907 65,698.00 371.19611277 44,348.00
Other Non-Current Assets 9,544.00 270.9823964 4,968.00 141.05621806 4,461.00
TOTAL NON-CURRENT ASSETS 656,276.00 132.9535486 662,954.00 134.30643034 805,045.00
CURRENT ASSETS
Current Investments 78,304.00 146.9752426 94,665.00 177.68455431 70,030.00
Inventories 45,923.00 116.0609584 37,437.00 94.614334816 38,802.00
Trade Receivables 14,394.00 137.6099426 4,159.00 39.760994264 7,483.00
Cash And Cash Equivalents 21,714.00 795.0933724 5,573.00 204.06444526 8,485.00
Short Term Loans And Advances 161 4.557033682 993 28.106425134 15,028.00
OtherCurrentAssets 61,902.00 431.5833508 67,892.00 473.34588301 26,826.00
TOTAL CURRENT ASSETS 222,398.00 179.4805991 210,719.00 170.05536187 166,654.00
TOTAL ASSETS 878,674.00 142.2896239 873,673.00 141.47977815 971,699.00
INDUSTRIES LTD. FOR LAST 5 YEARS

2020% 2019(Rs) 2019% 2018(Rs) 2018%

100.06314128 6,339.00 100.0631413 6,335.00 100

100.06314128 6,339.00 100.0631413 6,335.00 100
124.83903509 398,983.00 129.4151419 308,297.00 100
124.83903509 398,983.00 129.4151419 308,297.00 100
124.34018155 405,322.00 128.8241501 314,632.00 100

238.24942399 118,098.00 144.735036 81,596.00 100

181.03559407 47,317.00 169.4370837 27,926.00 100
681.34920635 504 100 504 100
63.945578231 2,483.00 112.6077098 2,205.00 100
222.57843198 168,402.00 150.0494516 112,231.00 100

393.06384933 39,097.00 256.5588293 15,239.00 100

80.121793065 88,241.00 99.51057231 88,675.00 100
231.50032046 73,900.00 86.11548098 85,815.00 100
116.88453159 783 85.29411765 918 100
173.45250646 202,021.00 105.966 190,647.00 100
157.35379134 775,745.00 125.6216348 617,525.00 100

155.23011898 194,895.00 101.5718239 191,879.00 100

94.925701706 8,293.00 91.28233352 9,085.00 100
16.891154773 105,155.00 113.5816204 92,581.00 100
0 0 0 0 100
111.31514044 314,745.00 104.7589092 300,447.00 100
245.30692954 272,043.00 158.2151269 171,945.00 100
0 0 0 0 100
250.56782869 31,806.00 179.7050681 17,699.00 100
126.66098807 4,287.00 121.7206133 3,522.00 100
163.09234157 622,881.00 126.1881271 493,613.00 100

131.44508888 59,640.00 111.94324 53,277.00 100

98.064092196 44,144.00 111.5649009 39,568.00 100
71.539196941 12,110.00 115.7743786 10,460.00 100
310.69205419 3,768.00 137.971439 2,731.00 100
425.3608831 4,876.00 138.0130201 3,533.00 100
187.03200167 28,326.00 197.4900648 14,343.00 100
134.49383433 152,864.00 123.3649687 123,912.00 100
157.35379134 775,745.00 125.6216348 617,525.00 100
 RATIO ANALYSIS OF RELIANCE INDUSTRIES LTD. FOR THE PAST 5 YEARS

Ratios 2022 2021 2020 2019

LIQUIDITY RATIOS

Current Ratio = Current Assets / Current

Liabilities 1.11 1.04 0.5 0.76

Quick Ratio = Current

Assets-Stock/Current Liabilities 0.88 0.86 0.39 0.54

Net working capital ratio=Current

21,416 8,932.00 -164,028 -49,157.00
Assets-Current Liabilities

DEBT/LEVERAGE RATIOS

Debt to Equity Ratio=Total Debt/Net

0.41 0.41 0.65 0.39
Worth

Interest coverage ratio= EBDIT/Int.*100 6.13 2.41 4.68 5.86

PROFITABILITY RATIOS

Return on net worth = Profit after tax -

Profit to preference shareholders/Equity 8.28 6.73 7.89 8.67
Shareholder's fund

Return on capital employed= Profit after

tax / Capital Employed or 8.24 5.82 8.84 9.95
Eq.shareholder's Fund * 100

Return on Assets= Profit after Tax/ Total

4.44 3.65 3.18 4.53
Assets * 100

Gross Profit Margin= Gross Profit/ Net

9.92 9.89 12.79 12.99
Sales*100

Operating Margin= Operating Cost / Net

12.34 13.63 15.67 15.83
Sales * 100

Net Profit Margin = Profit After Tax / Net

9.22 13 9.17 9.46
Sales * 100
 TURNOVER RATIOS

Asset turnover ratio = Sales/ Total Assets

0.48 28.11 34.67 47.9
* 100

Inventory turnover ratio = Cost of Goods

7.7 6.56 8.68 8.42
Sold / Inventory

VALAUATION RATIOS

Price Earning Ratio or P/E Ratio = Market

29.35 26.28 17.75 20.21
price of the share / Earning Per Share

Price to Book Value Ratio/ P/B Ratio =

Market Value per share/Book Value per 3.78 2.72 1.8 2.13
share

Earning Per Share= Profit Available to

equity shareholders/ No. of equity 59.24 49.66 48.42 55.48
shares

ANALYSIS:
1. CURRENT RATIO:
This ratio measures a company's ability to pay its short-term debts with its current assets. A current ratio of 1 or higher is cons
obligations. As of March, 2022, RIL's current ratio was 1.11, which indicates that the company has a strong ability to meet its s

2. Quick Ratio:

This ratio measures a company's ability to meet its short-term obligations using its most liquid assets (i.e., current assets excluding invento
considered to be healthy, indicating that a company has enough liquid assets to cover its short-term obligations. As of September 30, 2022

3. Net working capital ratio:

The net working capital (NWC) ratio is a financial metric that measures a company's ability to manage its current assets and lia
indicates that a company has enough current assets to cover its short-term obligations, while a negative NWC ratio indicates t

4. Debt to Equity Ratio

This ratio measures the proportion of a company's financing that comes from debt compared to equity. A high debt to equity
debt to equity ratio was 0.41, which suggests that the company has a relatively low level of debt compared to equity.

5. Interest Coverage Ratio :

The interest coverage ratio is a financial metric that measures a company's ability to meet its interest payments on its debt. It
coverage ratio indicates that a company has a stronger ability to meet its interest payments and is generally considered to be
that the company has a strong ability to meet its interest payments.
6. Return on net worth:
This ratio measures the profitability of a company in relation to the equity invested by shareholders. A high ROE indicates that
was 8.28%, which is considered to be a good return on equity.but ONGC ltd's Return on equity is more than 2 times of RIL's re

7. Return on Capital Employed:

The return on capital employed (ROCE) is a financial metric that measures a company's profitability in relation to the amount o
employed, which is the sum of its equity and debt capital. A higher ROCE indicates that a company is generating more profit fr
Reliance Industries Limited (RIL) was 8.24%, which indicates that the company is generating a decent return on its capital inve

8. Return on Assets:
This ratio measures the return a company generates for its shareholders relative to the amount of assets it has invested in the
company is generating more profit from its assets and is generally considered to be a positive sign. As of March, 2022, RIL's RO

9. Gross Profit Margin:

This ratio measures the percentage of sales that a company retains after subtracting the cost of goods sold. It is calculated by
generating more profit from its sales and is generally considered to be a positive sign. As of March, 2022, RIL's gross profit mar

10.Operating Margin:
This ratio measures the percentage of a company's revenue that remains after subtracting its operating expenses. It is calculat
company is generating more profit from its operations and is generally considered to be a positive sign. As of March, 2022, RIL

11. Net Profit Ratio:

This ratio measures the percentage of a company's revenue that remains after subtracting all of its expenses, including taxes a
profit margin indicates that a company is generating more profit after accounting for all of its expenses and is generally consid

12. Asset Turnover Ratio:

This ratio measures a company's ability to generate revenue from its assets. It is calculated by dividing the company's revenue
generate revenue. As of March, 2022, RIL's asset turnover ratio was 0.88, which is considered to be in line with the industry av

13. Inventory Turnover Ratio:

This ratio measures how quickly a company is able to sell its inventory. It is calculated by dividing the company's cost of goods
its inventory and reducing its holding costs. As of March, 2022, RIL's inventory turnover ratio was 7.07, which is considered to

14. Price Earning Ratio:

This ratio measures the price of a stock in relation to its earnings per share. A high P/E ratio indicates that the stock is trading
2023, RIL's P/E ratio was 29.35, which is considered to be higher than the industry average. and is much better than its peer O

15. Price to Book Value Ratio:

This ratio measures the price of a stock in relation to its book value per share. A high P/B ratio indicates that the stock is tradi
March, 2022, RIL's P/B ratio was 3.78, which is considered to be higher than the industry average. and is much greater than its

16. Earning Per Share:

Earnings per share (EPS) is a financial ratio that measures the portion of a company's profit that is allocated to each outstandin
outstanding shares. As of September 30, 2022, Reliance Industries Limited (RIL) reported EPS of INR 21.30 for the fiscal year 20
YEARS RATIO ANALYSIS OF OIL AND NATURAL GAS CORPORATION LTD. FOR THE PAST 5

2018 Ratios 2022 2021 2020

LIQUIDITY RATIOS

Current Ratio = Current Assets / Current

0.65 Liabilities 0.83 0.76 0.65

Quick Ratio = Current

0.44 Assets-Stock/Current Liabilities 0.41 0.39 0.38

Net working capital ratio=Current

-66,735 -21,365 -3,724.00 -44,363
Assets-Current Liabilities

DEBT/LEVERAGE RATIOS

Debt to Equity Ratio=Total Debt/Net

0.31 0.42 0.5 0.51
Worth

10.82 Interest coverage ratio= EBDIT/Int.*100 15.47 6.55 4.61

PROFITABILITY RATIOS

Return on net worth = Profit after tax -

10.68 Profit to preference shareholders/Equity 17.54 7.35 5.26
Shareholder's fund

Return on capital employed= Profit after

11.8 tax / Capital Employed or 13.19 7.91 8.97
Eq.shareholder's Fund * 100

Return on Assets= Profit after Tax/ Total

5.44 7.77 2.99 2.11
Assets * 100

Gross Profit Margin= Gross Profit/ Net

14.53 17.93 19.33 15.42
Sales*100

Operating Margin= Operating Cost / Net

17.83 12.3 10.93 8.7
Sales * 100

Net Profit Margin = Profit After Tax / Net

11.58 9.73 6.68 2.65
Sales * 100
 TURNOVER RATIOS

Asset turnover ratio = Sales/ Total Assets

46.96 0.25 55.95 77.79
* 100

Inventory turnover ratio = Cost of Goods

7.33 0.12 6.82 12
Sold / Inventory

VALAUATION RATIOS

Price Earning Ratio or P/E Ratio = Market

14.36 4.53 7.91 7.95
price of the share / Earning Per Share

Price to Book Value Ratio/ P/B Ratio =

1.78 Market Value per share/Book Value per 0.79 0.58 0.42
share

Earning Per Share= Profit Available to

53.08 equity shareholders/ No. of equity 36.19 12.92 8.59
shares

s. A current ratio of 1 or higher is considered to be healthy, while a ratio below 1 suggests that a company may have trouble meeting its sh
pany has a strong ability to meet its short-term obligations. Compared with its peer RIL performance is much better than ONGC

sets (i.e., current assets excluding inventory). It is calculated by dividing the company's current assets excluding inventory by its current liabilities. A quic
rm obligations. As of September 30, 2022, RIL's quick ratio was 1.20, which is considered to be healthy.

ty to manage its current assets and liabilities. It is calculated by subtracting a company's current liabilities from its current assets. A positiv
while a negative NWC ratio indicates that a company may have difficulty meeting its short-term obligations.

ared to equity. A high debt to equity ratio indicates a higher degree of financial leverage and a greater risk for the company. As of March,
of debt compared to equity.

et its interest payments on its debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense
nts and is generally considered to be a positive sign. As of March, 2022, the interest coverage ratio for Reliance Industries Limited (RIL) wa
areholders. A high ROE indicates that a company is generating a high return on the equity invested by its shareholders. As of March , 2022
equity is more than 2 times of RIL's return which is of 17.54%

rofitability in relation to the amount of capital it has invested in the business. It is calculated by dividing a company's operating profit by it
company is generating more profit from its capital investments and is generally considered to be a positive sign. As of March 2022, the R
ting a decent return on its capital investments.

mount of assets it has invested in the business. It is calculated by dividing a company's net profit by its total assets. A higher ROA indicates
sitive sign. As of March, 2022, RIL's ROA was 4.4%.

cost of goods sold. It is calculated by dividing a company's gross profit by its total revenue. A higher gross profit margin indicates that a co
of March, 2022, RIL's gross profit margin was 9.92%.

ng its operating expenses. It is calculated by dividing a company's operating profit by its total revenue. A higher operating profit margin ind
a positive sign. As of March, 2022, RIL's operating profit margin was 12.34%.

ng all of its expenses, including taxes and other non-operating items. It is calculated by dividing a company's net profit by its total revenue.
of its expenses and is generally considered to be a positive sign. As of March, 2022, RIL's net profit margin was 9.22%.

ed by dividing the company's revenue by its total assets. A higher asset turnover ratio indicates that a company is efficiently using its asse
ered to be in line with the industry average and is greater than ONGC's 0.25 ratio.

dividing the company's cost of goods sold by its average inventory. A higher inventory turnover ratio indicates that a company is efficientl
atio was 7.07, which is considered to be higher than the industry average and is much better than ONGC's 0.12 ratio.

tio indicates that the stock is trading at a premium compared to its earnings, while a low P/E ratio suggests that the stock is undervalued.
ge. and is much better than its peer ONGC ratio of 4.53

B ratio indicates that the stock is trading at a premium compared to its book value, while a low P/B ratio suggests that the stock is underva
average. and is much greater than its peer ONGC ratio of 0.79

fit that is allocated to each outstanding share of its common stock. EPS is calculated by dividing the company's net income by its number o
EPS of INR 21.30 for the fiscal year 2021-2022.
N LTD. FOR THE PAST 5 YEARS

2019 2018

0.7 0.62

0.43 0.36

-38,956.00 -44,537

0.47 0.5

10.07 8.25

13.97 10.83

16.02 12.01

6.15 4.8

19.64 19.94

13.94 12.78

7.22 7.23
 85 70.11

11.98 10.56

6.71 10.32

0.92 1.12

23.81 17.23

have trouble meeting its short-term

etter than ONGC

y its current liabilities. A quick ratio of 1.0 or higher is

ts current assets. A positive NWC ratio

he company. As of March, 2022, RIL's

BIT) by its interest expenses. A higher interest

Industries Limited (RIL) was 6.13, which indicates
holders. As of March , 2022, RIL's ROE

any's operating profit by its capital

n. As of March 2022, the ROCE for

ets. A higher ROA indicates that a

margin indicates that a company is

operating profit margin indicates that a

profit by its total revenue. A higher net

.22%.

is efficiently using its assets to

hat a company is efficiently managing

ratio.

the stock is undervalued. As of March,

s that the stock is undervalued. As of

net income by its number of