RELINFRA

Current Price & Key Metrics Recent price: about ₹98–₹128 range in 2026 depending on date and volatility. 52-week range: approx ₹114 – ₹423. Market cap: ₹4,000–₹5,400 crore. Valuation metrics P/E: 0.6 – 1 (extremely low) P/B: 0.18 – 0.35 ROE: 24–34% (recent improvement) Positive Factors (1) Debt reduction The company reduced about ₹3,300 crore debt and reported zero standalone bank debt in FY25. This significantly improves balance-sheet strength. (2) Profit turnaround Reported ₹4,387 crore profit in Q4 FY25, reversing earlier losses. (3) Asset monetization and restructuring Recovery of legacy receivables and settlement of debts improved net worth and liquidity. Negative Factors (1) Legal and regulatory risks Investigations into the broader Anil Ambani group have periodically pressured the stock. (2) Weak core business visibility Engineering & construction order book is relatively small (around ₹900 crore legacy backlog). (3) High volatility Beta above 2, meaning the stock moves twice as much as the market.