Reliance Industries (LUX:RELIN) ROCE %: 8.25% (As of Mar. 2026)


LUX:RELIN Reliance Industries Ltd LUX:RELIN
91 GF Score
Price $76.40
GF Value $91.67
! 2 Warning Signs
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What is Reliance Industries ROCE %?

Reliance Industries LUX:RELIN 91 ROCE % is 8.25% as of Mar. 2026. GuruFocus rates LUX:RELIN with a GF Score™ of 91/100 and a GF Value™ of $91.67. The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Reliance Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.25%.

Reliance Industries  (LUX:RELIN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Reliance Industries ROCE % Related Terms

Reliance Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Reliance Industries's ROCE % 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.

Reliance Industries ROCE % Chart

Reliance Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.46 9.05 9.77 8.80 9.08

Reliance Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.42 11.90 9.14 9.05 8.25
LUX:RELIN
91GF Score
Reliance Industries Ltd LUX:RELIN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Reliance Industries ROCE % Calculation

Reliance Industries's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=15860.898/( ( (225391.753 - 52442.17) + (234667.339 - 58313.348) )/ 2 )
=15860.898/( (172949.583+176353.991)/ 2 )
=15860.898/174651.787
=9.08 %

Reliance Industries's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=14557.488/( ( (0 - 0) + (234667.339 - 58313.348) )/ 1 )
=14557.488/( ( 0 + 176353.991 )/ 1 )
=14557.488/176353.991
=8.25 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 8.25% mean?
Reliance Industries (LUX:RELIN) has a ROCE % of 8.25% as of Mar. 2026.
Is Reliance Industries' ROCE % too high?
Reliance Industries' current ROCE % is 8.25%. The Oil & Gas industry median ROCE % is 6.79. Reliance Industries' value of 8.25% is 21.5% above this industry median. Overall, Reliance Industries has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Reliance Industries' ROCE % compare to VLO and MPC?
Reliance Industries' ROCE % of 8.25% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Reliance Industries' value of 8.25% is 21.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Reliance Industries's current ROCE % of 8.25% is 21.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Industries's current ROCE % is 8.25%. 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 ROCE % of 8.25%. The stock's GF Value™ is $91.67, compared to a current price of $76.40 — trading 16.7% below its estimated fair value. The current ROCE % is 8.25% and 21.5% above the Oil & Gas industry median of 6.79. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Reliance Industries (LUX:RELIN), the current ROCE % is 8.25% 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 16.7% below its estimated GF Value™ of $91.67.

Key valuation signals for LUX:RELIN:

  • ROCE %: 8.25%
  • GF Value™: $91.67 vs. price of $76.40 (16.7% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 21.5% above the Oil & Gas median

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 Business Description

Industry EnergyOil & Gas
Address 222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.40
Price
$91.67
GF Value