Reliance Industries Limited (NSE:RELIANCE)

Reliance Industries Stock Forecast

Stock Price Forecast

According to 26 analysts polled by S&P Global, Reliance Industries stock has a consensus rating of "Strong Buy" and an average price target of ₹1,613. The average 1-year stock price forecast is 20.42% higher than the current stock price, while the lowest is ₹1,280 (-4.46%) and the highest is ₹1,890 (+41.08%).

Price Target: ₹1,613 (+20.42%)

Analyst Consensus: Strong Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	₹1,280	₹1,613	₹1,602	₹1,890
Change	-4.46%	+20.42%	+19.54%	+41.08%

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

Chart

Rating	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26	Nov '26
Strong Buy	25	25	20	20	19	20
Buy	5	5	5	5	5	6
Hold	0	0	0	0	0	0
Sell	1	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	31	31	26	26	25	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Emkay Global Financial Services No rating	Emkay Global Financial Services	Buy Maintains ₹1,550	Buy	Maintains	₹1,550	+15.70%	Nov 2, 2026
Nikhil Bhandari Goldman Sachs	Goldman Sachs	Buy Maintains ₹1,870	Buy	Maintains	₹1,870	+39.58%	Sep 21, 2026
Sanjay Mookim J.P. Morgan	J.P. Morgan	Buy Maintains ₹1,625	Buy	Maintains	₹1,625	+21.30%	Sep 3, 2026
Bhaskar Chakraborty Jefferies	Jefferies	Buy Maintains ₹1,705 → ₹1,710	Buy	Maintains	₹1,705 → ₹1,710	+27.64%	Sep 1, 2026
Unknown Analyst BOB Capital Markets No rating	BOB Capital Markets	Buy Maintains ₹1,610	Buy	Maintains	₹1,610	+20.18%	Jun 22, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

12.71T

Increased by 20.23%

from 10.57T

Revenue Next Year

12.65T

Decreased by -0.51%

from 12.71T

EPS This Year

68.39

Increased by 111.08%

from 32.40

EPS Next Year

73.72

Increased by 7.80%

from 68.39

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	12.71T
Revenue Growth	49.05%	26.13%	2.65%	7.06%	9.59%	20.23%
Gross Profit	2.23T	2.89T	3.16T	3.30T	3.63T	3.85T
Gross Margin	32.04%	32.96%	35.04%	34.26%	34.32%	30.30%
Operating Income	792.39B	1.02T	1.11T	1.12T	1.21T	1.51T
Net Income	607.05B	667.02B	696.21B	696.48B	807.75B	958.01B
EPS	-	-	-	-	32.40	68.39
EPS Growth	-	-	-	-	-37.05%	111.08%
Forward PE	21.32	20.03	27.10	24.11	21.82	19.59
Dividend / Share	4.00	4.50	5.00	5.50	6.00	6.59
Dividend Growth	14.29%	12.50%	11.11%	10.00%	9.09%	9.83%
Free Cash Flow	-	-	-	-	449.16B	793.80B
No. Analysts	-	-	-	-	-	21

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

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	14.5T
Avg	12.7T
Low	11.3T

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	37.3%
Avg	20.2%
Low	6.6%

EPS Forecast

Chart

EPS	2027	2028	2029
High	78.20
Avg	68.39
Low	57.20

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	141.4%
Avg	111.1%
Low	76.5%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Nov 2, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

Data Sources Report a data error