Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Reliance Industries Limited (RIGD.IL)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$5,471.26 - $12,213.45$11,445.79
Multi-Stage$1,793.38 - $1,964.99$1,877.60
Blended Fair Value$6,661.69
Current Price$5,416.25
Upside22.99%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS8.06%7.55%5.004.503.763.182.903.392.632.410.044.46
YoY Growth--11.12%19.79%18.29%9.59%-14.61%29.21%9.19%6,041.51%-99.12%84.79%
Dividend Yield--0.08%0.07%0.07%0.06%0.07%0.10%0.10%0.12%0.00%0.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)831,060.00
(-) Cash Dividends Paid (M)67,660.00
(=) Cash Retained (M)763,400.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)166,212.00103,882.5062,329.50
Cash Retained (M)763,400.00763,400.00763,400.00
(-) Cash Required (M)-166,212.00-103,882.50-62,329.50
(=) Excess Retained (M)597,188.00659,517.50701,070.50
(/) Shares Outstanding (M)13,532.3813,532.3813,532.38
(=) Excess Retained per Share44.1348.7451.81
LTM Dividend per Share5.005.005.00
(+) Excess Retained per Share44.1348.7451.81
(=) Adjusted Dividend49.1353.7456.81
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate5.50%6.50%7.50%
Fair Value$5,471.26$11,445.79$12,213.45
Upside / Downside1.02%111.32%125.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)831,060.00885,078.90942,609.031,003,878.621,069,130.731,138,624.221,172,782.95
Payout Ratio8.14%24.51%40.88%57.26%73.63%90.00%92.50%
Projected Dividends (M)67,660.00216,960.52385,384.25574,786.40787,182.581,024,761.801,084,824.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)201,905.75203,819.55205,733.35
Year 2 PV (M)333,756.63340,113.76346,530.86
Year 3 PV (M)463,244.64476,542.73490,092.91
Year 4 PV (M)590,401.39613,106.56636,460.40
Year 5 PV (M)715,258.11749,805.35785,674.79
PV of Terminal Value (M)21,964,084.3223,024,957.8024,126,433.41
Equity Value (M)24,268,650.8525,408,345.7526,590,925.72
Shares Outstanding (M)13,532.3813,532.3813,532.38
Fair Value$1,793.38$1,877.60$1,964.99
Upside / Downside-66.89%-65.33%-63.72%

High-Yield Dividend Screener

Page 1 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ATOM3.SAAtom Empreendimentos e Participações S.A.19.90%$0.5871.92%
3698.HKHuishang Bank Corporation Limited19.56%$0.6428.80%
SVAV.MESollers Public Joint Stock Company19.34%$110.6440.44%
0536.HKTradelink Electronic Commerce Limited19.33%$0.2086.09%
3658.HKNew Hope Service Holdings Limited19.28%$0.3766.51%
0123.HKYuexiu Property Company Limited19.19%$0.7790.88%
0N7I.LCairo Communication S.p.A.19.19%$0.3654.94%
1798.HKChina Datang Corporation Renewable Power Co., Limited19.01%$0.4063.00%
LBS.TOLife & Banc Split Corp.19.00%$2.2540.31%
HMSB.DEH & M Hennes & Mauritz AB (publ)18.98%$3.2647.98%
0608.HKHigh Fashion International Limited18.79%$0.3150.08%
0U8N.LCredicorp Ltd.18.72%$53.8266.14%
CAASChina Automotive Systems, Inc.18.61%$0.8072.30%
KRSB.MEPJSC Krasnoyarskenergosbyt18.38%$4.0782.55%
1127.HKLion Rock Group Limited18.37%$0.2547.23%
HAVAS.ASHavas S.A.18.35%$3.1490.23%
1480.HKYan Tat Group Holdings Limited18.33%$0.2249.33%
NA-PC.TONational Bank of Canada18.32%$4.9348.59%
1412.HKQ P Group Holdings Limited18.24%$0.2973.74%
FVJ.FFortescue Metals Group Limited18.16%$2.2776.64%
YATO.MCAtom Hoteles SOCIMI, S.A.18.06%$2.8568.99%
0327.HKPAX Global Technology Limited17.98%$0.9261.66%
1MO.FHello Group Inc.17.92%$1.0440.52%
PIN.BKPinthong Industrial Park Public Company Limited17.92%$0.7680.79%
1883.HKCITIC Telecom International Holdings Limited17.86%$0.4487.51%
6896.HKGolden Throat Holdings Group Company Limited17.79%$0.5576.14%
VOT.WAVotum S.A.17.65%$8.1559.83%
ALTUR.PAAltur Investissement SCA, SCR17.58%$1.9337.11%
O7F1.FOdfjell SE17.55%$1.7873.02%
2219.HKChaoju Eye Care Holdings Limited17.38%$0.4784.16%
001390.KSKG Chemical Corporation17.24%$884.5197.69%
2360.HKBest Mart 360 Holdings Limited17.23%$0.3582.20%
ALSAS.PAStradim Espace Finances S.A.17.16%$0.8055.65%
9615.SRMufeed Company17.11%$5.3935.54%
LPPF.JKPT Matahari Department Store Tbk17.09%$300.0082.85%
0LNT.LFugro N.V.17.06%$1.5239.50%
0458.HKTristate Holdings Limited17.02%$0.3133.15%
2283.HKTK Group (Holdings) Limited16.99%$0.4372.10%
1263.HKPC Partner Group Limited16.85%$0.9063.10%
2603.TWEvergreen Marine Corporation (Taiwan) Ltd.16.83%$32.4977.53%
ALHRG.PAHerige16.78%$3.6697.55%
TD-PFJ.TOThe Toronto-Dominion Bank NCUM 5Y PFD SR1816.67%$4.3836.07%
S7MB.BESecuritas AB (publ)16.59%$2.2523.09%
1184.HKS.A.S. Dragon Holdings Limited16.56%$0.7552.32%
PBR-APetróleo Brasileiro S.A. - Petrobras16.54%$1.8786.52%
VRLA.PAVerallia S.A.16.47%$3.8397.79%
6668.HKE-Star Commercial Management Company Limited16.42%$0.2372.71%
0098.HKXingfa Aluminium Holdings Limited16.13%$1.1729.94%
ING.AXInghams Group Limited16.09%$0.4179.67%
1234.HKChina Lilang Limited16.04%$0.5466.61%