Reliance Communications Limited
NSE: RCOMTelecom - Cellular & Fixed line servicesTrade-to-trade true
Share price
₹0.85
0.00% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
18
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹235 Cr
P/E ratio
—
P/B ratio
-0.0
ROCE
—
ROE
—
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales fell 11.6% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from -1.8% to -54% over the last two years.
Whether it grew faster than its sector
It grew -10.0% a year against a sector median of 9.8% — 19.8 percentage points slower.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Reliance Communications Limited — this one | 26%/yr | — | — |
| Bharti Airtel | 45%/yr | 35.2× | ₹0.78 |
| Vodafone Idea | 6%/yr | — | — |
| Bharti Hexacom Limited | 46%/yr | 42.0× | ₹0.91 |
| Tata Communications Limited | -15%/yr | 45.4× | — |
| Tata Teleservices (Maharashtra) Limited | 7%/yr | 169.2× | ₹24.2 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Telecom - Cellular & Fixed line services), it ranks 7 of 7 on growth, 7 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
It is losing money on the capital in the business, so there is no advantage to measure.
Whether its growth pays for itself
Yes — Over the last five years it made ₹27 crore of cash from the business, spent ₹40 crore on plant and equipment, and returned ₹221 crore to lenders and shareholders. It has not made a profit over 12 years.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
3 of 7 checks clear · 43%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 13 Aug 2026 · Consolidated · Unaudited
Revenue
₹74 Cr
Net profit
-₹809 Cr
Net margin
-1093.2%
EPS
₹-1.16
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹235 Cr
- Prev close
- ₹0.85
- 52w High
- ₹1.1
- 52w Low
- ₹0.8
- Enterprise value
- ₹47,007 Cr
- Beta
- —
- Price CAGR 1y
- -42.0%
- Price CAGR 3y
- -20.0%
- Price CAGR 5y
- -24.0%
- Price CAGR 10y
- -33.0%
Ratios
- Return on assets
- -30.6%
- PEG ratio
- —
- P/E ratio
- —
- P/B ratio
- -0.0
- EV / EBITDA
- —
- Industry P/E
- 41.5
- ROCE
- —
- ROCE 5y average
- —
- ROE
- —
- Debt / Equity
- —
- Interest coverage
- -251.7
- Dividend yield
- 0.0%
- ROE 3y average
- —
- ROE last year
- —
Annual P&L
- Annual revenue
- ₹314 Cr
- Annual profit
- -₹11,125 Cr
- Operating margin
- -61.0%
- Net profit margin
- -3543.0%
- EBITDA margin
- -60.8%
- Sales growth 3y
- -13.1%
- Sales growth 5y
- -16.2%
- Profit growth 3y
- 26.0%
- Profit growth 5y
- 14.0%
- EPS
- ₹-40.2
- Sales growth TTM
- -12.0%
- Profit growth TTM
- -87.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹74 Cr
- Profit latest quarter
- -₹809 Cr
- YoY quarterly sales growth
- -10.8%
- YoY quarterly profit growth
- —
- OPM latest quarter
- 27.0%
Balance Sheet
- Book Value
- —
- Face Value
- ₹5.0
- Total debt
- ₹47,212 Cr
- Total cash
- ₹440 Cr
- Borrowings
- ₹47,212 Cr
- Reserves / Equity
- -75.2
Cash Flow
- Operating cash flow
- -₹14 Cr
- Free cash flow
- -₹14 Cr
- FCF yield
- -24.7%
- Net cash flow
- -₹19 Cr
Shareholding
- Promoter holding
- 0.8%
- FII holding
- 0.1%
- DII holding
- 4.3%
- Public holding
- 94.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Bharti Airtel | 1,810.50 | 36.2 | 11,30,044 | 1.33 | 10,011.6 | 40.8 | 58,539.1 | 18.4 | 17.6 |
| Vodafone Idea | 13.21 | 1,43,121 | 0.00 | -3,754.0 | 18.9 | 11,689.0 | 6.0 | -1.7 | |
| Bharti Hexacom | 1,386.80 | 37.5 | 69,340 | 1.30 | 482.4 | 23.2 | 2,509.9 | 10.9 | 21.4 |
| Tata Comm | 1,681.80 | 46.1 | 47,967 | 1.04 | 129.7 | -25.4 | 6,582.8 | 10.4 | 14.6 |
| Tata Tele. Mah. | 34.18 | 6,688 | 0.00 | -72.2 | 77.5 | 301.6 | 6.1 | 55.6 | |
| M T N L | 23.28 | 1,467 | 0.00 | -842.4 | 10.7 | 216.9 | 25.9 | -9.3 | |
| Reliance Communi | 0.86 | 238 | 0.00 | -809.0 | 61.8 | 74.0 | -10.8 | ||
| Median | 34.18 | 37.5 | 47,967 | 0.00 | -72.2 | 23.2 | 2,509.9 | 10.4 | 16.1 |
Competes with: Bharti Airtel, Bharti Hexacom Limited, Mahanagar Telephone Nigam Limited, Tata Communications Limited, Tata Teleservices (Maharashtra) Limited, Vodafone Idea
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 100 | 97 | 94 | 92 | 97 | 88 | 87 | 87 | 83 | 87 | 63 | 81 | 74 |
| Expenses | 91 | 117 | 92 | 94 | 83 | 86 | 118 | 85 | 85 | 141 | 95 | 186 | 54 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | ||||||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | ||||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | ||||||||
| Employee Cost | 9 | 7 | 10 | 6 | 8 | ||||||||
| Other Expenses | 76 | 134 | 85 | 176 | 46 | ||||||||
| Operating Profit | 9 | -20 | 2 | -2 | 14 | 2 | -31 | 2 | -2 | -54 | -32 | -105 | 20 |
| OPM % | 9 | -21 | 2.10 | -2.20 | 14 | 2.30 | -36 | 2.30 | -2.40 | -62 | -51 | -130 | 27 |
| Other Income | -1,930 | -989 | -2,017 | -2,077 | -2,192 | -2,249 | -2,309 | -2,458 | -2,518 | -2,608 | -2,689 | -2,957 | -790 |
| Exceptional items (within Other Income) | 0 | 1 | 0 | -179 | 468 | ||||||||
| Interest | 12 | 11 | 14 | 10 | 12 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Depreciation | 32 | 34 | 31 | 30 | 30 | 28 | 28 | 31 | 29 | 28 | 29 | 26 | 26 |
| Profit before tax | -1,965 | -1,054 | -2,060 | -2,119 | -2,220 | -2,286 | -2,379 | -2,498 | -2,560 | -2,701 | -2,761 | -3,099 | -807 |
| Tax % | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Net Profit | -1,965 | -1,060 | -2,060 | -2,127 | -2,220 | -2,286 | -2,379 | -2,502 | -2,560 | -2,701 | -2,767 | -3,097 | -809 |
| EPS in Rs | -7.11 | -3.83 | -7.45 | -7.69 | -8.03 | -8.27 | -8.60 | -9.05 | -9.26 | -9.77 | -10 | -11 | -2.93 |
| Diluted EPS in Rs | -9.32 | -9.84 | -10 | -11 | -2.94 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24,787 | 25,594 | 6,554 | 4,593 | 4,015 | 1,685 | 760 | 556 | 479 | 383 | 358 | 314 | 305 |
| Expenses | 17,593 | 18,342 | 6,937 | 27,673 | 8,771 | 33,771 | 6,378 | 618 | 498 | 394 | 369 | 505 | 476 |
| Material Cost | 0 | ||||||||||||
| Change in Inventories | 0 | ||||||||||||
| Purchases of Stock-in-Trade | 0 | ||||||||||||
| Employee Cost | 32 | ||||||||||||
| Other Expenses | 470 | ||||||||||||
| Operating Profit | 7,194 | 7,252 | -383 | -23,080 | -4,756 | -32,086 | -5,618 | -62 | -19 | -11 | -11 | -191 | -171 |
| OPM % | 29 | 28 | -6 | -502 | -118 | -1,904 | -739 | -11 | -4 | -2.90 | -3.10 | -61 | -56 |
| Other Income | 324 | 388 | 86 | 96 | 975 | -10,161 | 19 | -6,378 | -14,585 | -7,013 | -9,211 | -10,774 | -9,044 |
| Exceptional items (within Other Income) | -179 | ||||||||||||
| Interest | 2,755 | 2,924 | 255 | 186 | 192 | 62 | 48 | 47 | 47 | 47 | 46 | 44 | 44 |
| Depreciation | 3,817 | 4,484 | 821 | 721 | 820 | 354 | 155 | 151 | 136 | 127 | 117 | 111 | 109 |
| Profit before tax | 946 | 232 | -1,373 | -23,891 | -4,793 | -42,663 | -5,802 | -6,638 | -14,787 | -7,198 | -9,385 | -11,120 | -9,368 |
| Tax % | 34 | -184 | -7 | 0 | 51 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | |
| Net Profit | 623 | 660 | -1,283 | -23,907 | -7,218 | -42,677 | -5,812 | -6,637 | -14,784 | -7,212 | -9,389 | -11,125 | -9,374 |
| EPS in Rs | 2.87 | 2.57 | -5.64 | -86 | -26 | -154 | -21 | -24 | -52 | -26 | -34 | -40 | -34 |
| Diluted EPS in Rs | -41 | ||||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- -36%
- 5 years
- -16%
- 3 years
- -13%
- TTM
- -12%
Compounded profit growth
- 10 years
- —
- 5 years
- 14%
- 3 years
- 26%
- TTM
- -87%
Stock price CAGR
- 10 years
- -33%
- 5 years
- -24%
- 3 years
- -20%
- 1 year
- -42%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,244 | 1,244 | 1,244 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 |
| Reserves | 36,692 | 30,339 | 27,325 | 1,400 | -5,563 | -49,539 | -55,289 | -61,956 | -76,274 | -83,513 | -92,873 | -1,03,948 |
| Borrowings | 39,828 | 46,912 | 49,061 | 47,234 | 48,583 | 45,584 | 45,577 | 45,572 | 47,261 | 47,231 | 47,216 | 47,212 |
| Other Liabilities | 13,520 | 23,031 | 18,431 | 22,044 | 23,126 | 50,564 | 56,145 | 62,538 | 64,393 | 71,448 | 80,694 | 91,691 |
| Minority Interest | -5 | |||||||||||
| Total Liabilities | 91,284 | 1,01,526 | 96,061 | 72,061 | 67,529 | 47,992 | 47,816 | 47,537 | 36,763 | 36,549 | 36,420 | 36,338 |
| Fixed Assets | 65,037 | 69,712 | 70,843 | 20,839 | 9,707 | 3,713 | 3,561 | 3,453 | 3,087 | 2,895 | 2,746 | 2,636 |
| CWIP | 2,688 | 9,840 | 2,890 | 265 | 195 | 193 | 196 | 158 | 69 | 64 | 53 | 53 |
| Investments | 1,395 | 30 | 32 | 32 | 12,033 | 55 | 57 | 50 | 56 | 35 | 36 | 40 |
| Other Assets | 22,164 | 21,944 | 22,296 | 50,925 | 45,594 | 44,031 | 44,002 | 43,876 | 33,551 | 33,555 | 33,585 | 33,609 |
| Total Assets | 91,284 | 1,01,526 | 96,061 | 72,061 | 67,529 | 47,992 | 47,816 | 47,537 | 36,763 | 36,549 | 36,420 | 36,338 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3,158 | 14,106 | -388 | 964 | 374 | 19 | 328 | 119 | -64 | -40 | 26 | -14 |
| Cash from Investing Activity | -3,126 | -14,950 | 812 | -268 | 719 | -355 | -6 | -298 | -175 | 65 | 21 | 47 |
| Cash from Financing Activity | 820 | 436 | -173 | -904 | -868 | -54 | -55 | -51 | -22 | -38 | -58 | -52 |
| Net Cash Flow | 852 | -408 | 251 | -208 | 225 | -390 | 267 | -230 | -261 | -13 | -11 | -19 |
| Free Cash Flow | 662 | -977 | -62 | 393 | 1,064 | 8 | 319 | 84 | -63 | 34 | 26 | -14 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 43 | 181 | 170 | 122 | 106 | 215 | 194 | 219 | 296 | 317 | 358 |
| Cash Conversion Cycle | 72 | 43 | 181 | 170 | 122 | 106 | 215 | 194 | 219 | 296 | 317 | 358 |
| Working Capital Days | -71 | -249 | -1,356 | -617 | -2,170 | -11,297 | -27,797 | -42,478 | -60,032 | -81,876 | -97,056 | -1,09,011 |
| ROCE % | 5 | 4 | -1 | -37 | -7 | -153 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
In the last 1 year the price has not moved enough to draw bricks. Try a longer range.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
1.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
27,315cr
2026-06-30
total loans / revolving facilities outstanding at period end, the base of loan_default_cr
27,315cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
46,772inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Reliance Communications Limited. Open one to see why it matters.
8 Sept, 18:05 IST · Company event · high impact
Reliance Communications Limited has reported a payment default
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Telecommunication
- Industry
- Telecom - Cellular & Fixed line services
- Classification
- Telecommunication › Telecom - Cellular & Fixed line services
Business segments
- India Operation · 99%
- Global Operation · 1%
News impact
Big market events that reach Reliance Communications Limited, and how the effect spreads.
15 Sept, 20:06 IST · Market event · high impact
Reliance Communications’ Creditors request ED to release real estate properties worth ₹7,000 crore
Reliance Communications' lenders asked the ED to free Rs 7,000 crore of attached property so it can be sold in the bankruptcy process, which could help RCOM's beaten-down shares and its lender banks recover more money.
Who it hits first
- Reliance Communications (RCOM), a bankrupt former telecom operator, could see Rs 7,000 crore of its attached real-estate properties freed for sale after its lenders (the committee of creditors, or CoC — the banks RCOM owes money to) formally asked the Enforcement Directorate (ED — the agency that seizes property in money-laundering probes) to release them.
- If the ED agrees, the money from selling these properties flows into RCOM's bankruptcy resolution, meaning lenders recover more of their dues — and RCOM's listed shares, a Rs 1.06 penny stock that trades purely as a bet on resolution money, could jump on the headline.
- Nothing is agreed yet: the lenders' committee meets this Friday to weigh options after the Supreme Court's spectrum ruling went against RCOM's interests and its review plea was dismissed, and the ED often contests such releases in court for months.
Who may gain
- RCOM's shareholders, who own what is effectively a lottery ticket on bankruptcy proceeds — every extra rupee recovered for lenders lifts the odds that something trickles to equity, though equity is paid last.
- RCOM's lender banks (the CoC consortium of public-sector-led lenders, not named in the article), which would split the Rs 7,000 crore of sale proceeds if the ED releases the properties.
- No operating telecom company benefits: RCOM runs no mobile network, so Bharti Airtel, Vodafone Idea and others gain no customers, spectrum or pricing power from this.
Along the supply chain
Downstream
No downstream effect: RCOM has no phone subscribers or enterprise customers left to serve or strand, so nobody downstream gains or loses from this asset-release request.
Upstream
No upstream effect: RCOM has no network to build or run, so it places no orders with equipment makers, tower companies or service vendors — there is no supplier chain to disrupt or stimulate.
Where demand moves
Business
No business demand moves: RCOM buys nothing and sells nothing as an operating company, so no supplier gains or loses orders and no customer faces any gap — the only 'demand' created is speculative buying of RCOM's own penny shares.
Capital
A small pool of speculative money may chase RCOM's Rs 1 stock on the headline, but at about Rs 28 lakh of daily trading value it absorbs almost nothing — there is no rotation out of or into other telecom or bank stocks, and lender-bank shares are too large for a contingent Rs 7,000 crore (split across the consortium, and only if the ED agrees) to move them.
How it spreads across sectors
Financial Services
Mildly positive in theory for RCOM's lender banks, which would recover more if the ED releases Rs 7,000 crore of property — but the sum is split across the consortium, is contingent on ED and court approval, and is small next to the banks' balance sheets, so no bank stock is expected to move on this alone.
Telecommunication
Neutral for the industry: this is the bankruptcy estate of a defunct operator being fought over, not a market event — subscriber shares, tariffs and spectrum holdings of Jio, Bharti Airtel and Vodafone Idea are untouched.
Commodity angle
Cc skip reason
no_commodity_link
When it plays out
Immediate
In the next 1-7 days RCOM's shares will likely jump on the headline (thin penny stocks often swing several percent on such news), and all eyes turn to the lenders' Friday meeting for signals on how hard they will push the ED.
Medium term
Over 1-6 months, either the properties are released and auctioned (recoveries flow to lenders, vindicating the rally) or the ED refuses and litigates (RCOM gives back its gains and the resolution drags on) — the stock tracks legal headlines, not earnings.
Short term
Over 1-4 weeks, watch for any ED response or court filing on the release request, plus any statement from the resolution professional on timelines — silence or opposition would deflate the stock back.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 14 Aug 2013 | unspecified | ₹0.25 |
|---|---|---|
| 23 Aug 2012 | unspecified | ₹0.25 |
| 15 Sep 2011 | unspecified | ₹0.5 |
| 13 Sep 2010 | unspecified | ₹0.85 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.