Mukesh Ambani's Largest Conglomerate Completes Acquisition of Nauyaan Shipyard With Stake of 74 per cent for Rs 382.73 Crore

With a PE ratio of 25, the company trades at a premium compared to the industry PE of 22. The company has a ROCE of 9.61 per cent and a ROE of 9.21 per cent.

Reliance Industries Ltd has successfully completed the acquisition of a 74 per cent equity stake in Nauyaan Shipyard Private Limited through its step-down wholly-owned subsidiary, Nauyaan Tradings Private Limited. The acquisition was finalised for an aggregate consideration of Rs 382.73 crore, making Nauyaan Shipyard a step-down subsidiary of Reliance. Prior to this acquisition, Nauyaan Tradings had extended an unsecured loan of Rs 93.66 crore to Nauyaan Shipyard on an arm's-length basis. This strategic move is expected to enhance Reliance's capabilities in the shipyard sector, aligning with its broader business objectives. The necessary applications for regulatory approvals are underway to ensure compliance with the agreements between Nauyaan Shipyard and relevant authorities.

Recently, DP World and Reliance Industries have introduced a rail-based logistics solution for petrochemical transport, shifting from road to rail. The new route connects Reliance’s Jamnagar plant to DP World’s ICD in Ahmedabad and onward to Mundra Port, enhancing efficiency on the Ahmedabad-Jamnagar-Mundra corridor.

As of March 21, 2025, the stock price of Reliance Industries Ltd stands at Rs 1,276.45. The stock has a 52-week high of Rs 1,601.05 and a 52-week low of Rs 1,161.7. Reliance Industries Ltd has a market capitalisation of Rs 17,16,649 crore. The stock has delivered a 1-year return of -12.01 per cent and a 5-year return of 167 per cent.

Reliance Industries Limited, founded by Dhirubhai Ambani and currently led by Mukesh Ambani, is a diversified conglomerate with a strong presence in various sectors. Its oil-to-chemicals segment, contributing approximately 57 per cent of revenues, is a key driver, with a refining capacity of 1.4 million barrels per day. The company also boasts a robust retail segment, operating around 15,200 stores across India, and a digital services business under Jio, which is the largest digital platform in India. Reliance's strategic acquisitions and expansions have bolstered its market position, making it a significant player in the Indian economy. The company's diverse portfolio, including oil and gas exploration, media, and entertainment, underscores its comprehensive approach to growth and innovation.

In the Quarterly Results of December 2024, the company reported a revenue of Rs 2,39,986 crore, reflecting a growth of 6.62 per cent YoY from Rs 2,25,086 crore in December 2023. The operating profit stood at Rs 43,789 crore, registering a growth of 7.71 per cent from Rs 40,656 crore in the previous year. The profit after tax (PAT) was Rs 18,540 crore, marking a 7.38 per cent increase from Rs 17,265 crore in December 2023.

In FY24, the company posted a revenue of Rs 8,99,041 crore, showing a growth of 2.58 per cent from Rs 8,76,396 crore in FY23. The net profit for the year stood at Rs 69,621 crore, up by 4.38 per cent from Rs 66,702 crore in the previous financial year.

With a PE ratio of 25, the company trades at a discount compared to the industry PE of 22. The company has a ROCE of 9.61 per cent and a ROE of 9.21 per cent.

Investors must keep this index heavyweight Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.