Reliance IndustriesLUX:RELIN 91 Gross Margin % is 26.60% as of Mar. 2026, which is 11% above its 10-year median of 24.03. GuruFocus rates LUX:RELIN with a GF Score™ of 91/100 and a GF Value™ of $91.47. The stock has 2 warning signs investors should review. Among 872 Oil & Gas companies, Reliance Industries ranks better than 55.16% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Reliance Industries had a gross margin of 26.60% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Reliance Industries Gross Margin % Related Terms
Reliance Industries Gross Margin % Historical Data
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The historical data trend for Reliance Industries's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LUX:RELIN vs VLO, MPC, PSX: Gross Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, Reliance Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Reliance Industries Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reliance Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Reliance Industries's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Reliance Industries (LUX:RELIN) has a Gross Margin % of 26.60% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Reliance Industries and its competitors. This is 11% above median its historical median of 24.03. Over the past decade, Reliance Industries' Gross Margin % has ranged from 19.99 to 29.40. According to the industry distribution chart, Reliance Industries ranks #391 out of 872 companies in the Oil & Gas industry, placing it in the top 44.8%.
Is Reliance Industries' Gross Margin % too high?
Reliance Industries' current Gross Margin % of 26.60% is 11% above median its 10-year median of 24.03. Over the past 10 years, this metric has ranged from a low of 19.99 to a high of 29.40. The Oil & Gas industry median Gross Margin % is 25.54. Reliance Industries' value of 26.60% is 4.2% above this industry median. Based on the distribution chart, Reliance Industries ranks #391 out of 872 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Reliance Industries has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Reliance Industries' Gross Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Reliance Industries ranks #391 out of 872 companies for Gross Margin %. This puts Reliance Industries in the upper half of its industry. The industry median Gross Margin % is 25.54. Reliance Industries' value of 26.60% is 4.2% above this benchmark. Historically, Reliance Industries' own Gross Margin % has ranged from 19.99 to 29.40 over the past decade. While the company's 10-year median is 24.03 vs. the industry median of 25.54, Reliance Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.54, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Reliance Industries's current Gross Margin % of 26.60% is 4.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Reliance Industries and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Industries's current Gross Margin % is 26.60%, which is 11% above median its own 10-year median of 24.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Industries stock overvalued right now?
Reliance Industries (LUX:RELIN) has a current Gross Margin % of 26.60%. The stock's GF Value™ is $91.47, compared to a current price of $76.40 — trading 16.5% below its estimated fair value. The current Gross Margin % is 26.60%, which is 11% above median its 10-year median of 24.03 and 4.2% above the Oil & Gas industry median of 25.54. Reliance Industries' overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Reliance Industries (LUX:RELIN), the current Gross Margin % is 26.60% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Reliance Industries (LUX:RELIN) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Industries stock appears to be undervalued.
The current stock price of $76.40 is trading 16.5% below its estimated GF Value™ of $91.47.
Key valuation signals for LUX:RELIN:
Gross Margin %: 26.60% (11% above median its 10-year median of 24.03)
GF Value™: $91.47 vs. price of $76.40 (16.5% below fair value)
Industry Position: 4.2% above the Oil & Gas median (#391 of 872)
No single metric tells the full story. See the LUX:RELIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The company has five principal operating and reporting segments: Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services, and other services. Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment, which derives the majority of revenue, includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.
91GF Score
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