Reliance Industries Limited vs Bharat Petroleum Corporation Limited
An objective side-by-side of RELIANCE and BPCL, both in Refineries: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: RELIANCE Jun 2026 · BPCL Jun 2026
At a glance
- Reliance Industries Limited is the larger company by market value, about 12.6 times the size of Bharat Petroleum Corporation Limited.
- On trailing earnings, Bharat Petroleum Corporation Limited trades at the lower P/E (7.8 against 19.1).
- Bharat Petroleum Corporation Limited earns the higher return on equity (17.1% against 9.8%).
- Over three years Bharat Petroleum Corporation Limited has grown profits faster (98% a year against 5%).
- Over the past year the share prices returned -10.9% (RELIANCE) and -1.6% (BPCL).
| Metric | Reliance Industries RELIANCE |
Bharat Petroleum BPCL |
|---|---|---|
| Size and price | ||
| Market cap | ₹1,688,041 Cr | ₹133,625 Cr |
| Share price | ₹1,247 | ₹312.75 |
| Valuation | ||
| P/E | 19.13 | 7.80 |
| P/B | 1.87 | 1.33 |
| EV/EBITDA | 11.39 | 6.96 |
| PEG | 3.83 | 0.08 |
| Dividend yield | 0.5% | 5.6% |
| Profitability | ||
| ROE | 9.8% | 17.1% |
| ROCE | 10.0% | 26.0% |
| Operating margin | 16.2% | 5.2% |
| Sales (TTM) | ₹1,134,303 Cr | ₹519,827 Cr |
| Net profit (TTM) | ₹88,221 Cr | ₹17,132 Cr |
| Growth | ||
| Latest quarter sales YoY | +25.4% | +41.7% |
| Latest quarter profit YoY | -24.6% | -127.4% |
| Sales CAGR 3Y | +6.0% | -1.0% |
| Profit CAGR 3Y | +5.0% | +98.0% |
| Sales CAGR 5Y | +18.0% | +15.0% |
| Profit CAGR 5Y | +12.0% | +16.0% |
| Financial strength | ||
| Debt/Equity | 0.45 | 0.54 |
| Interest cover | 4.48 | 11.14 |
| Ownership | ||
| Promoter holding | 50.0% | 53.0% |
| Promoter change (4 qtrs) | -0.07 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -5.01% | +1.31% |
| Return 3M | -5.96% | +1.34% |
| Return 1Y | -10.86% | -1.57% |
| Return YTD | -20.57% | -18.55% |
| Technical condition | ||
| Technical score | 17 | 47 |
| RS rating (1-99) | 32.00 | 50.00 |
| % vs 200-DMA | -9.48% | -4.26% |
| RSI (14) | 40.21 | 51.51 |
| % from 52-week high | -22.61% | -20.15% |
