Reliance Industries Stock Forecast

Stock Price Forecast

According to 32 analysts polled by S&P Global, Reliance Industries stock has a consensus rating of "Strong Buy" and an average price target of ₹1,699. The average 1-year stock price forecast is 28.04% higher than the current stock price, while the lowest is ₹1,510 (+13.83%) and the highest is ₹1,910 (+43.99%).

Price Target: ₹1,699 (+28.04%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	₹1,510	₹1,699	₹1,695	₹1,910
Change	+13.83%	+28.04%	+27.78%	+43.99%

Analyst Ratings

The average analyst rating for Reliance Industries stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	25	24	23	24	24	24
Buy	9	9	9	7	7	7
Hold	0	0	0	0	0	0
Sell	1	1	1	1	1	1
Strong Sell	1	1	0	0	0	0
Total	36	35	33	32	32	32

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sanjay Mookim J.P. Morgan	J.P. Morgan	Buy Maintains ₹1,660	Buy	Maintains	₹1,660	+25.14%	Jun 2, 2026
Bhaskar Chakraborty Jefferies	Jefferies	Buy Maintains ₹1,755 → ₹1,695	Buy	Maintains	₹1,755 → ₹1,695	+27.78%	Apr 30, 2026
Nikhil Bhandari Goldman Sachs	Goldman Sachs	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Mar 31, 2026
Unknown Analyst Prabhudas Lilladher No rating	Prabhudas Lilladher	Buy Maintains ₹1,688	Buy	Maintains	₹1,688	+27.25%	Feb 19, 2026

Financial Forecast

Revenue This Year

11.75T

from 10.57T

11.10%

from 10.57T

Revenue Next Year

12.21T

from 11.75T

3.98%

from 11.75T

EPS This Year

64.27

from 59.69

7.68%

from 59.69

EPS Next Year

71.94

from 64.27

11.93%

from 64.27

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	6.96T	8.78T	9.01T	9.65T	10.57T	11.75T
Revenue Growth	49.05%	26.13%	2.65%	7.06%	9.59%	11.10%
Gross Profit	2.23T	2.89T	3.16T	3.35T	3.69T	4.07T
Gross Margin	32.04%	32.96%	35.04%	34.73%	34.86%	34.68%
Operating Income	792.39B	1.02T	1.11T	1.12T	1.21T	1.42T
Net Income	607.05B	667.02B	696.21B	696.48B	807.75B	877.93B
EPS	-	-	-	-	59.69	64.27
EPS Growth	-	-	-	-	15.97%	7.68%
Forward PE	21.32	20.03	27.10	24.11	21.82	20.64
Dividend / Share	4.00	4.50	5.00	5.50	6.00	6.44
Dividend Growth	-	12.50%	11.11%	10.00%	9.09%	7.41%
Free Cash Flow	90.35B	-520.89B	-427.11B	3.38B	218.29B	678.63B
No. Analysts	-	-	-	-	-	27

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	13.7T
Avg	11.7T
Low	10.5T

Revenue Growth

Revenue Growth	2027	2028	2029
High	29.7%
Avg	11.1%
Low	-0.3%

EPS Forecast

EPS	2027	2028	2029
High	80.66
Avg	64.27
Low	48.30

EPS Growth

EPS Growth	2027	2028	2029
High	35.1%
Avg	7.7%
Low	-19.1%