FUNDAMENTAL ANALYSIS OF

PRESENTED BY :SANTOSH KUMAR MISHRA

The Reliance group, founded by Dhirubhai H Ambani (1932-2002), is India’s largest private sector enterprise, with businesses in the energy and material value chain.

The company is India’s largest petrochemical firm .

SUBSIDIARYReliance Petroleum Limited (RPL)Reliance Life Sciencesis a research-driven, biotechnology-led, life sciences organizationReliance Industrial Infrastructure Limited (RIIL) Reliance Institute of Life Sciences (RILS) Reliance RetailRelicordReliance Logistics (P) LimitedReliance Clinical Research Services (RCRS) Reliance SolarReliance financial services –coming soon

Awards & Recognition International Refiner of the Year in 2005 at the 23rd Annual

Hart's World Refining and Fuels Conference.

Awards for managers Mukesh D. Ambani received the United States of America-India Business

Council (USIBC) leadership award for "Global Vision" 2007 in Washington in July 2007.

Mukesh D. Ambani was conferred the Asia Society Leadership Award by the Asia Society, Washington, USA, May 2004.

Mukesh D. Ambani ranked 13th in Asia's Power 25 list of The Most Powerful

People in Business published by Fortune magazine, August 2004.

Mukesh D. Ambani is Economic Times Business Leader of the Year.

MISSION & VISION

“Continuously innovate to remain Partners in human progress by Harnessing science & technology in the petrochemicals domain”

FINANCIAL HIGHLIGHTS

09-10

09-08

08-07

07-06

06-05

05-04

04-03

03-02

02-01

01-00

Turnover

200,400

146,328

139,269

118,354

89,124 73,164 56,247 50,096 45,404 23,024

Total Income

202,860

148,388

144,898

118,832

89,807 74,614 57,385 51,097 46,186 23,407

Profit After Tax

16,236 15,309 19,458 11,943 9,069 7,572 5,160 4,104 3,243 2,646

Equity Dividend %

70 130 130 110 100 75 52.5 50 47.5 42.5

PARTICULARS AMOUNT Reason for change

TOAL INCOME 243432 Robustdemand& increased production

EBDIT 39649 Economic scale of production

DEPRICIATION,INTEREST & TAX

20169 Increase in taxation

NET PROFIT AFTER TAX 19480 Increase in marginEQUITY 3273  EPS=PAT/EQUITY     =19480/3273 59.51  

Projected Profit & loss a/c

CALCULATION OF INTRINSIC VALUE     Projected P/E ratio=(Industry P/E + Company P/E )/2

=( 18.84+16.49)/2 = 17.66

  Intrinsic Value= projected EPS X Projected P/E Ratio

= 59.51X17.66 = 1051

  CMP = 1002.27 as on 23/03/2011

CONCLUSION The intrinsic value of the stock is Rs.1051 and current market price of the stock is Rs.1002.27 .Therefore keeping range of +10% & -10%, it is recommended that an investor should buy stock and should hold it because current stock price is below the intrinsic value of the stock.