MarketFriction

Reliance Communications Ltd

NSE RCOM · BSE 532712 · Telecom - Cellular & Fixed line services
₹0.86 +2.38%
NSE close2026-10-01
52 week range0.75 - 1.51
Market cap₹235 Cr.
Insolvency Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales979492978887878387638174
Expenses1179294838611885851419518654
Operating Profit-202-2142-312-2-54-32-10520
OPM %-21%2.1%-2.2%14%2.3%-36%2.3%-2.4%-62%-51%-130%27%
Other Income-989-2,017-2,077-2,192-2,249-2,309-2,458-2,518-2,608-2,689-2,957-790
Interest111410121111111111111111
Depreciation343130302828312928292626
Profit before tax-1,054-2,060-2,119-2,220-2,286-2,379-2,498-2,560-2,701-2,761-3,099-807
Tax %1%0%0%0%0%0%0%0%0%0%-0%0%
Net Profit-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-3.83-7.45-7.69-8.03-8.27-8.60-9.05-9.26-9.77-10.01-11.20-2.93
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales25,5946,5544,5934,0151,685760556479383358314305
Expenses18,3426,93727,6738,77133,7716,378618498394369505476
Operating Profit7,252-383-23,080-4,756-32,086-5,618-62-19-11-11-191-171
OPM %28%-6%-502%-118%-1,904%-739%-11%-4.0%-2.9%-3.1%-61%-56%
Other Income3888696975-10,16119-6,378-14,585-7,013-9,211-10,774-9,044
Interest2,9242551861926248474747464444
Depreciation4,484821721820354155151136127117111109
Profit before tax232-1,373-23,891-4,793-42,663-5,802-6,638-14,787-7,198-9,385-11,120-9,368
Tax %-184%-7%0%51%0%0%-0%-0%0%0%0%
Net Profit660-1,283-23,907-7,218-42,677-5,812-6,637-14,784-7,212-9,389-11,125-9,374
EPS in Rs2.57-5.64-86.20-26.06-154.30-20.94-23.94-52.43-26.08-33.95-40.23-33.91
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-36%-16%-13%-12%
Compounded Profit Growth%14%26%-87%
Stock Price CAGR-33%-23%-21%-38%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,2441,2441,2441,3831,3831,3831,3831,3831,3831,3831,3831,383
Reserves36,69230,33927,3251,400-5,563-49,539-55,289-61,956-76,274-83,513-92,873-103,948
Borrowings39,82846,91249,06147,23448,58345,58445,57745,57247,26147,23147,21647,212
Other Liabilities13,52023,03118,43122,04423,12650,56456,14562,53864,39371,44880,69491,691
Total Liabilities91,284101,52696,06172,06167,52947,99247,81647,53736,76336,54936,42036,338
Fixed Assets65,03769,71270,84320,8399,7073,7133,5613,4533,0872,8952,7462,636
CWIP2,6889,8402,89026519519319615869645353
Investments1,39530323212,03355575056353640
Other Assets22,16421,94422,29650,92545,59444,03144,00243,87633,55133,55533,58533,609
Total Assets91,284101,52696,06172,06167,52947,99247,81647,53736,76336,54936,42036,338
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,15814,106-38896437419328119-64-4026-14
Cash from Investing Activity-3,126-14,950812-268719-355-6-298-175652147
Cash from Financing Activity820436-173-904-868-54-55-51-22-38-58-52
Net Cash Flow852-408251-208225-390267-230-261-13-11-19
Free Cash Flow662-977-623931,064831984-633426-14
CFO/OP50%197%225%-3%-3%-1%-2%-240%384%382%-109%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7243181170122106215194219296317358
Inventory Days
Days Payable
Cash Conversion Cycle7243181170122106215194219296317358
Working Capital Days-71-249-1,356-617-2,170-11,297-27,797-42,478-60,032-81,876-97,056-109,011
ROCE %5%4%-1%-37%-7%-153%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters1.85%1.85%1.85%1.85%1.85%1.85%0.78%0.78%0.78%0.78%0.78%0.78%
FIIs0.11%0.11%0.11%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
DIIs4.40%4.40%4.39%4.39%4.38%4.38%4.38%4.38%4.38%4.38%4.38%4.32%
Government0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public92.83%92.84%92.84%92.90%92.90%92.89%93.96%93.97%93.97%93.96%93.97%94.04%
Others0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%
No. of Shareholders15,93,21115,86,38115,74,90115,73,90315,67,86115,61,40015,63,85415,57,61215,67,67215,73,32715,76,65315,78,512

Fundamentals

Market Cap₹ 235 Cr.
Current Price₹ 0.86
Book Value₹ -371
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)-87%
Consolidated figures.
Valuation
Market capRs 235 Cr
Enterprise valueRs 47,007 Cr
Price to book-0.00x
Price to sales0.77x
EV / sales154.12x
Earnings yield-3985.71%
P/B, 3-year average-0.01x
P/B, 5-year average-0.01x
Profitability
Operating margin (excl. other income)-60.83%
Operating margin (incl. other income)-3492.04%
EBITDA margin-3021.31%
Pre-tax margin-3071.48%
Net profit margin-3073.44%
Net margin, latest quarter-1093.24%
ROE11.47%
ROA-30.58%
ROE, 3-year average10.49%
ROA, 3-year average-25.33%
ROE, 5-year average12.89%
ROA, 5-year average-24.85%
Tax rate-0.04%
Other income / net worth10.50%
Growth
Sales growth (latest year)-12.29%
Sales CAGR, 3 years-13.13%
Sales CAGR, 5 years-16.20%
Sales growth QoQ-8.64%
Sales growth YoY (latest quarter)-10.84%
Per share
EPS (TTM)Rs -34.28
EPS (latest quarter)Rs -2.96
EPS, 3-year averageRs -30.01
EPS, 5-year averageRs -34.10
Book value per shareRs -375.04
Sales per shareRs 1.12
Cash flow per shareRs -0.05
Free cash flow per shareRs -0.05
Efficiency
Asset turnover0.01x
Fixed asset turnover0.12x
Inventory turnover0.00x
Debtor days358 days
Debtors turnover1.02x
Cash conversion cycle358 days
Working capital days-109011 days
Leverage
Total debtRs 47,212 Cr
Cash and bankRs 440 Cr
Net debtRs 46,772 Cr
Debt to equity-0.46x
Interest coverage-211.91x
Owners' fund to total sources-282.25%
Debt to assets129.92%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs 47 Cr
Cash from Financing Activity (latest year)Rs -52 Cr
Net Cash Flow (latest year)Rs -19 Cr
Free cash flow (latest year)Rs -14 Cr
FCFE (approx.: FCF + change in debt)Rs -18 Cr
Statement figures
Net sales (TTM)Rs 305 Cr
Net sales (latest year)Rs 314 Cr
Sales (latest quarter)Rs 74 Cr
Operating profit excl. other income (latest year)Rs -191 Cr
Operating profit (latest quarter)Rs 20 Cr
Other income (TTM)Rs -9,044 Cr
EBITDA (TTM)Rs -9,215 Cr
PBDT (TTM)Rs -9,259 Cr
Profit before tax (TTM)Rs -9,368 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs -9,374 Cr
Net profit (latest year)Rs -11,125 Cr
Net profit (latest quarter)Rs -809 Cr
Depreciation (TTM)Rs 109 Cr
Depreciation (latest quarter)Rs 26 Cr
Interest (TTM)Rs 44 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 505 Cr
Total income (latest year)Rs -10,460 Cr
Share capitalRs 1,383 Cr
ReservesRs -103,948 Cr
Shareholders' fundsRs -102,565 Cr
Total assetsRs 36,338 Cr
Net blockRs 2,636 Cr
Capital work in progressRs 53 Cr
InvestmentsRs 40 Cr
ReceivablesRs 308 Cr
InventoryRs 2 Cr
Other liabilitiesRs 91,691 Cr
Shares outstanding (crore)273.48
Ownership
Promoter holding0.78% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodRCOMNifty 50Difference
1 week-7.5%-2.8% -4.7 pts
1 month+6.2%-6.8% +13.0 pts
3 months-4.4%-7.6% +3.2 pts
6 months+13.2%+0.4% +12.8 pts
1 year-38.6%-9.9% -28.7 pts
2 years-47.9%-13.6% -34.3 pts
3 years-50.9%+14.2% -65.0 pts
5 years-71.8%+27.9% -99.7 pts

Red flags

F-score 2 of 8
seriousNegative equity Shareholders' equity is negative
seriousInsolvency process Insolvency process 2026-09-10: Reliance Communications Limited has informed the Exchange about Corporate Insolvency Resolution Process
lookRepeated losses Net loss in each of the last two years
lookRegulator order or action Regulator order or action 2026-08-22: Reliance Communications Limited has informed the Exchange about Action(s) taken or orders passed
lookOn NSE surveillance On NSE surveillance: Insolvency
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹74 Cr -10.8% vs Jun 2025. Net loss ₹809 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2018-09-12 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-08-14Annual General Meeting/Dividend Re 0.25/- Per Equity Share
2012-08-23Annual General Meeting/ Dividend Rs 0.25 Per Share
2011-09-15Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-13Annual General Meeting And Dividend Re.0.85 Per Share
2009-09-16Annual General Meeting
2009-08-04Int Div-Re.0.80 Per Sharepurpose Revised
2008-09-19Agm/Dividend - 15%
2007-07-05Agm/Dividend-10%
DateTypeWhat it says
2026-09-10Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-09-10Regulatory actionAction(s) initiated or orders passed
2026-09-08Fraud/Default/ArrestFraud/Default/Arrest
2026-08-26Regulatory actionAction(s) initiated or orders passed
2026-08-22Board meeting outcomeReliance Communications Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-22Regulatory actionAction(s) taken or orders passed
2026-08-21Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-20Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-19General UpdatesGeneral Updates
2026-08-15General UpdatesGeneral Updates
2026-08-13General UpdatesGeneral Updates
2026-08-12Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-06Regulatory actionAction(s) taken or orders passed
2026-07-09Disclosure under SEBI TakeovRWTIPL Industries Pvt  Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-07-07Defaults on Payment of InterDisclosure in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019 /140 dated November 21, 2019
2026-06-24Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-06-18General UpdatesGeneral Updates
2026-06-10Regulatory actionAction(s) initiated or orders passed
2026-06-09Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-06-04General UpdatesGeneral Updates
2026-05-29Board meeting outcomeReliance Communications Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Corporate Insolvency ResolutCorporate Insolvency Resolution Process : COC Meeting to be held on 27/05/2026
2026-05-18ResignationResignation of Smt. Grace Thomas as Non- Executive Non Independent Director of the company w.e.f. May 14, 2026.
2026-05-18ResignationResignation of Director/KMP/SMP
2026-05-10General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-05-07NCLTEricsson India Pvt Ltd Vs Reliance Communications Ltd.
2021-04-28NCLTEricsson India Pvt Ltd Vs Reliance Communications Ltd.
2021-03-16NCLATAnish Niranjan Nanavaty Resolution Professional Reliance Communications Infrastructure Limited VS Patrimoine Expo Private Limited & Ors
2021-02-05NCLATAnish Niranjan Nanavaty Resolution Professional Reliance Communications Infrastructure Limited VS Patrimoine Expo Private Limited & Ors
2021-01-28NCLTEricsson India Pvt Ltd Vs Reliance Communications Ltd
2021-01-20NCLATAnish Niranjan Nanavaty Resolution Professional Reliance Communications Infrastructure Limited VS Patrimoine Expo Private Limited & Ors
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)Insolvency Resolution Process(IRP)

Quick answers

What is the market cap of Reliance Communications Ltd?

Reliance Communications Ltd (RCOM) has a market capitalisation of Rs 235 Cr. at the 2026-10-01 close.

What were Reliance Communications Ltd's latest quarterly results?

In the Jun 2026 quarter, Reliance Communications Ltd sales was Rs 74 Cr (-10.8% vs Jun 2025) with a net loss of Rs 809 Cr.

What is the 52-week high and low of Reliance Communications Ltd?

The 52-week high is Rs 1.51 and the 52-week low is Rs 0.75.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03