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 2026-11-05 close
Latest results: RELIANCE Sep 2026 · BPCL Sep 2026
At a glance
- Reliance Industries Limited is the larger company by market value, about 12.9 times the size of Bharat Petroleum Corporation Limited.
- On trailing earnings, Bharat Petroleum Corporation Limited trades at the lower P/E (8.7 against 18.6).
- Bharat Petroleum Corporation Limited earns the higher return on equity (15.6% against 10.1%).
- Over three years Bharat Petroleum Corporation Limited has grown profits faster (98% a year against 5%).
- Over the past year the share prices returned -11.8% (RELIANCE) and -11.3% (BPCL).
| Metric | Reliance Industries RELIANCE |
Bharat Petroleum BPCL |
|---|---|---|
| Size and price | ||
| Market cap | ₹1,777,355 Cr | ₹137,574 Cr |
| Share price | ₹1,313.40 | ₹317.10 |
| Valuation | ||
| P/E | 18.59 | 8.71 |
| P/B | 1.88 | 1.36 |
| EV/EBITDA | 11.23 | 7.65 |
| PEG | 3.72 | 0.09 |
| Dividend yield | 0.5% | 5.5% |
| Profitability | ||
| ROE | 10.1% | 15.6% |
| ROCE | 10.0% | 26.0% |
| Operating margin | 16.1% | 4.7% |
| Sales (TTM) | ₹1,206,006 Cr | ₹563,962 Cr |
| Net profit (TTM) | ₹95,625 Cr | ₹15,804 Cr |
| Growth | ||
| Latest quarter sales YoY | +27.7% | +42.1% |
| Latest quarter profit YoY | +33.4% | -21.4% |
| 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 | 0.43 | 0.62 |
| Interest cover | 4.48 | 11.14 |
| Ownership | ||
| Promoter holding | 50.4% | 53.0% |
| Promoter change (4 qtrs) | +0.43 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +7.83% | +5.52% |
| Return 3M | +2.61% | -2.80% |
| Return 1Y | -11.76% | -11.33% |
| Return YTD | -16.37% | -17.42% |
| Technical condition | ||
| Technical score | 73 | 68 |
| RS rating (1-99) | 56.00 | 52.00 |
| % vs 200-DMA | -0.95% | +0.34% |
| RSI (14) | 67.34 | 65.32 |
| % from 52-week high | -18.51% | -19.03% |
