What will be the future of Reliance Industries Ltd (NSE: RELIANCE)? This article forecasts the Reliance share price target for 2025 to 2030 using a fundamental analysis approach. As of May 2025, Reliance shares are trading at ₹1,405 on the NSE. Based on our analysis, the price target of Reliance stock in 2025 can be around ₹1,607. Reliance may reach a price target of ₹2,832 in 2030. Given this forecast, investors should keep track of the current situation with Reliance news and stock market news.
Reliance Share Price Latest News
- Reliance share price has increased by 9% since Q4 results. JM Financial reiterated a Buy rating on Reliance Industries and assigned a price target of ₹1,580 based on robust retail and digital growth. (30 Apr, 2025)
- Reliance Industries reported strong Q4 FY25 results with growth in Jio and Retail; the stock increased 5.27%, and analysts upgraded their ratings. (28 Apr, 2025)
- The company recorded a 6.4% net profit increase in Q1, appointed Anant Ambani as whole-time director, and announced a ₹25,000 crore fundraising plan. (26 Apr, 2025)
- In Q4 FY25, Reliance reported a consolidated net profit of ₹19,407 crore; Jio profit increased 26%, and Reliance Retail revenue increased 30.4%, and the company’s net worth exceeded ₹10 lakh crore. (25 Apr, 2025)
- Reliance expanded its FMCG presence through Campa Cola, which expects a turnover above ₹1,000 crore by FY25, and Jio applied tariff hikes to boost ARPU. (17 Apr, 2025)
Reliance Overview & Revenue Breakdown
Reliance Industries Limited (RIL) is on the Fortune 500 list and is India’s biggest private company. It works in petrochemicals, refining, oil and gas, retail, and telecom. Its refinery is the largest single-site plant in the world, and it leads in turning oil into chemicals. In retail, it runs over 15,000 stores and several online shops. In telecom, Jio is the top digital services provider with millions of users. RIL is also growing its media and entertainment arm through Network 18.
The company generates 51.37% of its revenue from oil to chemicals, 27.66% from organized retail, 12.75% from digital services, 2.01% from oil & gas, and 6.21% from others. Geographically, 64.98% of revenue comes from Indian markets and 35.02% from the international markets.
Reliance Share Price Target by Brokerage
| Date | Brokerage | Price Target | Upside % |
| 30 Apr 2025 | JM Financial | ₹1,580 | 12.46% |
| 28 Apr 2025 | Motilal Oswal | ₹1,515 | 7.83% |
| 28 Apr 2025 | Jefferies | ₹1,660 | 18.15% |
| 28 Apr 2025 | JP Morgan | ₹1,530 | 8.90% |
| 28 Apr 2025 | Morgan Stanley | ₹1,606 | 14.31% |
| 28 Apr 2025 | Nomura, CLSA | ₹1,650 | 17.44% |
| 28 Apr 2025 | Nuvama | ₹1,708 | 21.57% |
According to Yahoo Finance, the average price target for the Reliance stock is ₹1,561.29. Out of 35 Wall Street analysts, 33 have given it a ‘Buy’ rating, and 2 have recommended ‘Sell’. The consensus recommendation from 35 analysts is ‘Buy’.
Reliance Share Price Target 2025-2030
| Year | Price Target | Change % |
| 2025 | ₹1,607 | 14.38% |
| 2026 | ₹1,800 | 28.11% |
| 2027 | ₹2,016 | 43.49% |
| 2028 | ₹2,258 | 60.71% |
| 2029 | ₹2,529 | 80.00% |
| 2030 | ₹2,832 | 101.57% |
Based on the estimates, the price target for Reliance is ₹1,607 for 2025, which is a 14.38% upside from the current price. The target for 2030 is ₹2,832, an upside of 101.57%. Below is a detailed outlook and valuation analysis for Reliance.
In Q4 FY25, the retail business delivered the strongest performance, with EBITDA rising 14.3% to ₹67.2 billion supported by all grocery segments, value apparel, and consumer brands. The digital arm recorded EBITDA of ₹173 billion backed by 6.1 million new subscribers and higher ARPU. The O2C segment generated around ₹151 billion, while E&P declined slightly to ₹51.2 billion due to lower KG D6 gas output. Capital expenditure reached ₹360 billion in the quarter, and net debt edged up to ₹1,171 billion.
Reliance growth will be driven by consumer-facing units along with contributions from New Energy and O2C. Recent telecom, retail, and refining-petchem results prompted a roughly 3% upward revision to FY26-27 EBITDA estimates. Refining margins are expected to stay above USD 10 per barrel, and the New Energy segment is projected to represent about 12% of net profit by FY2030, rising to more than half of consolidated post-tax earnings between FY2029 and FY2031. The solar-module facility expanding from 1 GW to 10 GW by 2026 should deliver around ₹6,000 crore of annual EBITDA. Capex is expected to fall from peak levels, reducing net debt and supporting EPS growth at a 15–20% CAGR over the next three to five years.
Historical Performance
Financial Performance
Peer Comparison
Shareholding Pattern
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