Reliance Industries was listed on the NSE in 1977. In the last five years, its stock has given a return of around 100%. Will Reliance Industries continue to provide such great returns in the future as well? Let’s explore Reliance Industries’ future growth potential and the Reliance Industries share price target 2025 to 2050 in this article.
Dhirubhai Ambani founded Reliance Industries, one of India’s largest companies, in 1966. It began as a small textile company and later developed into many industries, including oil, gas, telecom, retail, and technology. Today, it is led by Mukesh Ambani and has expanded into a global corporation with a strong presence in a variety of industries. Reliance is well-known for its major businesses, including Reliance Jio, which transformed India’s telecom industry, and Reliance Retail, one of the country’s largest retail chains.
Reliance Industries Business Model
Oil and Gas Business: Reliance earns much of its revenue from oil refining and selling petrol, diesel, and other fuels.
Retail Business: Reliance Retail owns and operates supermarkets, grocery stores, fashion stores, and electronic shops across India.
Telecom Business (Jio): Jio’s telecom business includes mobile and internet services. Reliance Jio generates revenue by offering mobile network services, broadband, and digital services such as JioTV and JioCinema.
Chemical Business: Reliance manufactures chemicals for use in the production of plastics, textiles, and other industrial products.
Green Energy: Reliance is investing in solar power, hydrogen fuel, and battery storage. It will generate revenue by selling green energy solutions.
Media and Entertainment: Reliance owns several television channels, film production companies, and news platforms.
E-commerce: Reliance competes with Amazon and Flipkart by selling food, electronics, and fashion products online via JioMart and other platforms.
Expansion in Retail Business: Reliance Industries grows its retail business by opening new stores and improving online shopping. This will attract more customers and increase sales.
Growth in Digital Services (Jio): Reliance Jio is expanding its 5G network and introducing new services such as cloud computing and neural networks.
Focus on Green Energy: Reliance Industries is investing heavily in renewable energy sources such as solar and hydrogen energy in order to reduce its dependency on oil and become a clean energy industry leader.
Growing Presence in E-commerce: Reliance Industries is growing into e-commerce with JioMart and other online stores to fight competitors such as Amazon and Flipkart.
Strong Financial Position: Reliance Industries’ strong financial position allows it to invest in new businesses and grow strongly.
Pros of Reliance Industries
Low Debt Levels: Reliance Industries’ debt-to-equity ratio is 0.44, which indicates that the company is less dependent on debt, which reduces its financial risk.
Increase in DIIs Holding: Domestic Institutional Investors (DIIs) have increased their holding to 19.36% in March 2025 from 19.02% in December 2024, which indicates growing confidence in Reliance Industries’ future potential by the DIIs.
Cons of Reliance Industries
Low Return on Equity (ROE): Reliance Industries’ 5-year average ROE is 8.51%, which shows that it is not using shareholders’ funds efficiently to generate profits.
Overvaluation Concern: Reliance Industries’ stock is trading at a PE ratio of 28.3, which is relatively higher than the industry average of 20.2, which shows that the stock is overvalued compared to its peers.
Decrease in FIIs Holding: Foreign Institutional Investors (FIIs) have reduced their holding to 19.07% in March 2025 from 19.16% in December 2024, indicating a decline in FII’s confidence in the company’s future growth prospects.
Reliance Industries Ltd Balance Sheet
Particulars
March 2023
March 2024
March 2025
Equity Capital
6,766
6,766
13,532
Reserves
709,106
786,715
829,668
Borrowings
451,664
458,991
369,575
Other Liabilities
438,346
502,576
737,346
Total Liabilities
1,605,882
1,755,048
1,950,121
Fixed Assets
724,805
779,985
1,092,041
CWIP
293,752
338,855
169,710
Investments
235,560
225,672
242,381
Other Assets
351,765
410,536
445,989
Total Assets
1,605,882
1,755,048
1,950,121
Reliance Industries Share Price Target 2025
By the end of 2025, the Reliance Industries share price is expected to be around ₹1,800 to ₹2,250, driven by strong performance in its digital and retail segments, continued expansion in the renewable energy sector, and improved refining margins due to stable global crude oil demand.
Reliance Industries Share Price Target 2025
Rupees (₹)
1st Target
1800
2nd Target
1900
3rd Target
2250
Reliance Industries Share Price Target 2026
In 2026, the Reliance Industries share price is expected to be around ₹2400 in a normal situation. In a bear market, it might be ₹2150, and in a bull market, it may cross ₹2950.
Reliance Industries Share Price Target 2026
Rupees (₹)
1st Target
2150
2nd Target
2400
3rd Target
2950
Reliance Industries Share Price Target 2027
According to our analysis, the Reliance Industries share price is expected to be around ₹3000 in 2027. In a bear market, it might be ₹2600, and in a bull market, it may cross ₹3800.
Reliance Industries Share Price Target 2027
Rupees (₹)
1st Target
2600
2nd Target
3000
3rd Target
3800
Reliance Industries Share Price Target 2028
According to our analysis, the Reliance Industries share price may trade near ₹3500 by 2028; bearish conditions could pull it down to ₹3100, while a strong bull run might lift it to ₹4950.
Reliance Industries Share Price Target 2028
Rupees (₹)
1st Target
3100
2nd Target
3500
3rd Target
4950
Reliance Industries Share Price Target 2029
In a normal situation, the Reliance Industries share price is projected to be approximately ₹4100 in 2029. In a bear market, the value may be as low as ₹3750, while in a bull market, it may rise to ₹6450.
Reliance Industries Share Price Target 2029
Rupees (₹)
1st Target
3750
2nd Target
4100
3rd Target
6450
Reliance Industries Share Price Target 2030
In a normal situation, the Reliance Industries share price is projected to be approximately ₹5000 in 2030. In a bear market, the value may be as low as ₹4500, while in a bull market, it may rise to ₹8400.
Reliance Industries Share Price Target 2030
Rupees (₹)
1st Target
4500
2nd Target
5000
3rd Target
8400
Reliance Industries Share Price Target 2035
By 2035, the Reliance Industries share price is projected to be around ₹14,000 under normal conditions. In adverse markets, the price could fall to ₹9000, while favorable conditions might push it up to ₹25,200.
Reliance Industries Share Price Target 2035
Rupees (₹)
1st Target
9000
2nd Target
14,000
3rd Target
25,200
Reliance Industries Share Price Target 2040
Under normal conditions, the Reliance Industries share price might hit ₹40,000 by 2040. A bearish trend could lower it to ₹18,000, whereas a bullish surge could raise it to ₹75,600.
Reliance Industries Share Price Target 2040
Rupees (₹)
1st Target
18,000
2nd Target
40,000
3rd Target
75,600
Reliance Industries Share Price Target 2050
In 2050, the Reliance Industries share price is expected to be around ₹1,50,000 in a normal situation. In a bear market, it might be ₹72,000, and in a bull market, it may go up to ₹4,53,600.
Reliance Industries Share Price Target 2050
Rupees (₹)
1st Target
72,000
2nd Target
1,50,000
3rd Target
4,53,600
Quick Summary of Reliance Industries Share Price Target 2025 to 2050
Years
Target Price
Reliance Industries Share Price Target 2025
₹1800 to ₹2250
Reliance Industries Share Price Target 2026
₹2150 to ₹2950
Reliance Industries Share Price Target 2027
₹2600 to ₹3800
Reliance Industries Share Price Target 2028
₹3100 to ₹4950
Reliance Industries Share Price Target 2029
₹3750 to ₹6450
Reliance Industries Share Price Target 2030
₹4500 to ₹8400
Reliance Industries Share Price Target 2035
₹9000 to ₹25,200
Reliance Industries Share Price Target 2040
₹18,000 to ₹75,600
Reliance Industries Share Price Target 2050
₹72,000 to ₹4,53,600
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Yogesh Jalwania is a stock market trader and investor with 3+ years of experience. He share valuable insights on stock market trends, mutual funds and IPOs.
