Reliance Industries Share Price Target 2027: 7.4% Upside to Rs 1,413, Bull Case Rs 1,716
- November 5, 2026
- Posted by: Kunal Singla
- Category: Market
Reliance Industries share price Rs 1,315.10 (5 November 2026). Base target Rs 1,413, bull Rs 1,716, downside risk Rs 1,050. PE 18.57. 52W range Rs 1,152.20 to Rs 1,611.80.
Quick Answer
The Reliance Industries share price target for 2027 is Rs 1,413, about 7.4% above the current price of Rs 1,315.10. The bull case is Rs 1,716, and the downside risk level, which is not a target, is Rs 1,050. The base case assumes earnings per share grow 7.7% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 18.57. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Reliance Industries target price for 2027 should start with where the stock sits today. At Rs 1,315.10 on 5 November 2026, it is 18.4% below its 52-week high of Rs 1,611.80 and 14.1% above its 52-week low of Rs 1,152.20. That range spans 40% from low to high, so the entry point matters as much as the Reliance Industries price forecast itself.
This article builds the Reliance Industries share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Reliance Industries Stock Analysis: Company Overview and Key Stats
Reliance Industries (NSE: RELIANCE) has a market capitalisation of Rs 17,75,807 crore. In FY26 it reported revenue of Rs 10,86,181 crore and net profit of Rs 95,610 crore. The table collects the figures the Reliance Industries share price target is built on.
| Metric | Value |
|---|---|
| Company | Reliance Industries |
| NSE Ticker | RELIANCE |
| CMP (5 November 2026) | Rs 1,315.10 |
| 52-Week High | Rs 1,611.80 |
| 52-Week Low | Rs 1,152.20 |
| Market Cap | Rs 17,75,807 crore |
| PE Ratio (TTM) | 18.57 |
| Industry PE | 14.33 |
| Price to Book | 1.88 |
| Return on Equity | 8.69% |
| Debt to Equity | 0.43 |
| EPS (TTM) | Rs 70.66 |
| Dividend Yield | 0.46% |
| 12-Month Base Target | Rs 1,413 |
| Bull Case | Rs 1,716 |
| Downside Risk Level (not a target) | Rs 1,050 |
Why Is Reliance Industries Share Price Target Set at Rs 1,413 for 2027?
The arithmetic is short. Trailing EPS of Rs 70.66 grown for one year gives a forward EPS estimate of Rs 76.11, and multiplying it by the unchanged PE of 18.57 gives the Rs 1,413 base-case Reliance Industries stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Reliance Industries Target Price: Five Years of Results
Reliance Industries grew revenue from Rs 7,10,906 crore in FY22 to Rs 10,86,181 crore in FY26, a compound annual growth rate of 11.2%. Net profit grew more slowly, from Rs 66,184 crore to Rs 95,610 crore (9.6% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 7,10,906.00 | 66,184.00 | 90.86 | 8.00 |
| FY23 | 8,89,569.00 | 73,670.00 | 98.59 | 9.00 |
| FY24 | 9,17,121.00 | 78,633.00 | 51.45 | 10.00 |
| FY25 | 9,82,671.00 | 80,787.00 | 51.47 | 5.50 |
| FY26 | 10,86,181.00 | 95,610.00 | 59.69 | 6.00 |
FY26 revenue growth was 10.5%, close to the four-year average of 11.2%, and net profit moved up 18.3%. EPS rose from Rs 51.45 in FY24 to Rs 59.69 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Reliance Industries converted 8.8% of FY26 revenue into net profit, against 8.2% in FY25, within a five-year range of 8.2% to 9.3%. EBITDA margin was 19.1% in FY26 versus 18.7% in FY25.
In the September 2026 quarter, revenue was Rs 3,68,061 crore, up 27.8% from the same quarter a year earlier, while net profit of Rs 29,250 crore was up 32.1%. EBITDA came in at Rs 62,409 crore, up 23.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.43, and shareholders’ equity grew from Rs 8,88,984 crore in FY22 to Rs 10,85,866 crore in FY26. Operating cash flow in FY26 was Rs 1,92,113 crore against capital expenditure of Rs 1,22,916 crore, leaving free cash flow of Rs 69,197 crore, or 3.9% of the current market capitalisation. In FY25 free cash flow was Rs 38,736 crore.
Valuation Check for the Reliance Industries Stock Target: PE, Price to Book and ROE
At a PE of 18.57 against an industry PE of 14.33, Reliance Industries trades at a premium to its industry. Price to book is 1.88 on a book value of Rs 697.88 per share, and return on equity is 8.69%. A PE of 18.57 equals an earnings yield of 5.4%, and the FY26 dividend of Rs 6.00 per share gives a yield of 0.46%.
Shareholding Pattern and Institutional Holding
Promoters held 50.44% of Reliance Industries in September 2026, and promoter holding rose from 50.01% in September 2025 to 50.44% in September 2026. Foreign institutional investors (FII) held 16.67% and domestic institutions (DII) held 21.72%, which puts total institutional holding at 38.39%. FII holding fell from 18.65% in September 2025 to 16.67% in September 2026. Public shareholders own the remaining 11.17%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Reliance Industries Share Price Targets for the Short Term and 12 Months
Short Term Reliance Industries Stock Target Levels: Technical Setup
At Rs 1,315.10 on 5 November 2026, Reliance Industries trades above its 50-day simple moving average of Rs 1,235.57 and above its 200-day exponential moving average of Rs 1,309.95. The 14-day RSI reads 68.7, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,611.80 (52-week high) and the nearest support is Rs 1,309.95 (200-day exponential moving average). A sustained move above Rs 1,611.80 would improve the short-term setup, while a close below Rs 1,309.95 would shift attention to the next support.
12 Month Reliance Industries Target Price for 2027
The 12-month target of Rs 1,413 means a move of 7.4% up from Rs 1,315.10 over the next 12 months. It would still leave the stock 12.3% below its 52-week high of Rs 1,611.80. Anyone checking the Reliance Industries share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Reliance Industries Target Price
| EPS Growth | PE 14.86 | PE 18.57 | PE 21.36 |
|---|---|---|---|
| 0.0% (EPS Rs 70.66) | Rs 1,050 | Rs 1,312 | Rs 1,509 |
| 7.7% (EPS Rs 76.11) | Rs 1,131 | Rs 1,413 | Rs 1,626 |
| 13.7% (EPS Rs 80.35) | Rs 1,194 | Rs 1,492 | Rs 1,716 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Reliance Industries price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Reliance Industries Stock Target in 2027
Bull Case Rs 1,716
The bull case Reliance Industries price target needs EPS growth of 13.7%, which lifts forward EPS to Rs 80.35, and a PE multiple that rises 15% to 21.36. That gives Rs 1,716, 30.5% above the current price and above the 52-week high of Rs 1,611.80, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 1,050
The downside risk level is not a target. It assumes EPS stays flat at Rs 70.66 and the PE falls 20% to 14.86. That gives Rs 1,050, 20.2% below the current price and below the 52-week low of Rs 1,152.20.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 13.7% | 21.36 | Rs 1,716 | +30.5% |
| Base Case | 7.7% | 18.57 | Rs 1,413 | +7.4% |
| Downside Risk | 0.0% | 14.86 | Rs 1,050 | -20.2% |
Key Risks to the Reliance Industries Target Price for 2027
Growth Slowdown Risk for the Reliance Industries Price Target
Revenue in the September 2026 quarter was up 27.8% year on year, and FY26 revenue growth was 10.5%. If growth slows from here, the EPS estimate behind the Reliance Industries stock target will need revising.
Liquidity and Size Risk
Reliance Industries has a market capitalisation of Rs 17,75,807 crore. Institutional holding is 38.39%, and promoters hold 50.44%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 8.8% in FY26, so a small slip in costs moves profit noticeably. At a PE of 18.57 versus an industry PE of 14.33, a de-rating toward the downside-risk PE of 14.86 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 68.7 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.
How to Invest in Reliance Industries
Start with the live price and volume. Any Reliance Industries share price target is only as current as the data behind it, and the data here is as of 5 November 2026, so refresh the Rs 1,315.10 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Reliance Industries’ PE, ROE, debt and shareholding in one place.
Check Reliance Industries fundamentals on the Univest Screener
Then compare the three Reliance Industries target price scenarios with your own view. If you expect EPS growth below 7.7%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Reliance Industries live price and get daily stock recommendations.
Conclusion
The Reliance Industries share price target for 2027 is Rs 1,413 in the base case, with Rs 1,716 as the bull case. The support for that view is arithmetic you can check: EPS grew 7.7% a year over FY24 to FY26, and the stock trades at a PE of 18.57. The risks are equally concrete, including a PE of 18.57 that sits above the industry PE of 14.33 and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Reliance Industries Share Price Target 2027
What is the Reliance Industries share price target for 2027?
Ans. The base-case Reliance Industries share price target for 2027 is Rs 1,413, which is 7.4% above the price of Rs 1,315.10 on 5 November 2026. The bull case is Rs 1,716 and the downside risk level, which is not a target, is Rs 1,050. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Reliance Industries share price today?
Ans. As of 5 November 2026, 11:37 AM IST, Reliance Industries (NSE: RELIANCE) trades at Rs 1,315.10, up 0.31% on the day. That is 18.4% below the 52-week high of Rs 1,611.80 and 14.1% above the 52-week low of Rs 1,152.20. The market capitalisation of Rs 17,75,807 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Reliance Industries a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 7.7% a year over FY24 to FY26 and the base case implies 7.4% upside; on the cautious side, the PE of 18.57 is above the industry PE of 14.33, and the downside risk level of Rs 1,050 is 20% below the current price. Whether Reliance Industries fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Reliance Industries shares?
Ans. The bull case in the Reliance Industries share price target for 2027 is Rs 1,716, which assumes 13.7% EPS growth and a PE of 21.36, a 15% re-rating from today’s multiple. That is 30.5% above the current price and above the 52-week high of Rs 1,611.80, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 1,050, which assumes flat EPS and a PE of 14.86, 20% lower than today. It sits 20.2% below the current price and below the 52-week low of Rs 1,152.20, and it marks a risk to watch, not a target.
What are the main risks to the Reliance Industries price target?
Ans. Four risks matter most for the Reliance Industries share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 17,75,807 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 14.86 would cut the price even if earnings hold.
What is the PE ratio of Reliance Industries and how does it compare with the industry?
Ans. The PE ratio of Reliance Industries is 18.57, against an industry PE of 14.33, which is a premium to the industry. Price to book is 1.88 and return on equity is 8.69%, and the PE equals an earnings yield of 5.4%. The base case holds the PE unchanged, so the Reliance Industries share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Reliance Industries, and what is the promoter holding?
Ans. Promoters held 50.44% of Reliance Industries in September 2026. FII held 16.67%, DII held 21.72% and the public held 11.17%. Together the two institutional groups hold 38.39%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Reliance Industries’ latest quarterly results?
Ans. In the September 2026 quarter, Reliance Industries reported revenue of Rs 3,68,061 crore (up 27.8% year on year) and net profit of Rs 29,250 crore (up 32.1%). For comparison, FY26 full-year revenue growth was 10.5% and net profit moved up 18.3%. Each new quarter either supports or weakens the EPS growth of 7.7% assumed in the base case.
