Reliance Defense Share Price, a subsidiary of the Indian conglomerate Reliance Group, has been a significant player in the defense sector, catering to both domestic and international markets. As with any publicly traded company, its share price is subject to various factors ranging from industry trends to company-specific developments and macroeconomic conditions. In this article, we delve into the dynamics influencing the Reliance Defense share price.
Industry Outlook
The defense sector is inherently influenced by geopolitical tensions, government policies, and technological advancements. In recent years, rising global tensions and increasing defense budgets in key economies have provided a favorable backdrop for companies operating in this space. Reliance Defense has capitalized on this trend, securing contracts and partnerships to bolster its position in the market.
Reliance Defense Share Price: These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
| Ex-Date | Type | Description | Record Date | Ratio |
| 15-Feb-2024 | BC | EGM 07/03/2024 Board Meeting Results of the Meeting held on 13.02.2024 (As Per BSE Announcement dated on 13.02.2024) Intimation of Notice of Extra Ordinary General Meeting of Reliance Naval | 07-Mar-2024 | |
| 07-Feb-2024 | BC | Reliance Naval And Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2024 inter alia to consider and approve Board meeting is scheduled t | 13-Feb-2024 | |
| 30-Dec-2023 | BC | Constitution of Committees | 30-Dec-2023 | |
| 16-Dec-2023 | BC | Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Appointment of Independent Director | 16-Dec-2023 | |
| 14-Dec-2023 | BC | Intimation pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 With reference to above, please note that the Board of Directors of the Company, at | 14-Dec-2023 |
Peer Comparison
These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
| Scrip Name | Price | Daily Change | M.Cap (Cr) | 1 Year Returns % | P/E (TTM) | PB Ratio |
| Reliance Naval & Engineering Ltd
|
2.27 | +0.00 | 167.43 | -23.31 | 0.00 | -0.01 |
| Mazagon Dock Shipbuilders Ltd
|
1,837.35 | -22.25 | 37,506.27 | 163.85 | 24.85 | 7.85 |
| Inducto Steel Ltd
|
59.33 | +0.00 | 23.85 | 108.18 | 37.55 | 0.55 |
| Garware Marine Industries Ltd
|
12.37 | -0.65 | 7.51 | 61.74 | 0.00 | 0.74 |
| Hariyana Ship Breakers Ltd
|
88.15 | +1.60 | 53.40 | 31.18 | 7.75 | 0.37 |
| Knowledge Marine & Engineering Works Ltd
|
1,367.00 | +141.35 | 1,323.82 | 23.30 | 28.41 | 10.11 |
Income Sheet : Reliance Defense Share Price
These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
| Column | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 |
| Gross Sales | 0.00 | 0.40 | 0.68 | 2.08 | 0.79 | 2.37 |
| Excise Duty | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Sales | 0.00 | 0.40 | 0.68 | 2.08 | 0.79 | 2.37 |
| Other Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income | 0.16 | 0.70 | 1.33 | 2.41 | 4.40 | 3.89 |
| Total Income | 0.16 | 1.10 | 2.01 | 4.49 | 5.19 | 6.26 |
| Total Expenditure | 4.67 | 13.88 | 9.02 | 26.41 | 9.90 | 9.66 |
| PBIDT | -4.51 | -12.78 | -7.01 | -21.92 | -4.71 | -3.40 |
| Interest | 4.17 | 508.33 | 503.23 | 497.77 | 492.57 | 503.31 |
| PBDT | -8.68 | -521.11 | -510.24 | -519.69 | -497.28 | -506.71 |
| Depreciation | 16.86 | 17.18 | 17.18 | 17.03 | 18.26 | 18.62 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reported Profit After Tax | -25.54 | -538.29 | -527.42 | -536.72 | -515.54 | -525.33 |
| Extra-ordinary Items | 0.00 | 0.00 | -0.10 | 0.00 | 0.00 | 1.66 |
| Adjusted Profit After Extra-ordinary item | -25.54 | -538.29 | -527.32 | -536.72 | -515.54 | -526.99 |
Reliance Defense Share Price |
||||||
| EPS (Unit Curr.) | -0.35 | -7.30 | -7.15 | -7.28 | -6.99 | -7.12 |
| EPS (Adj) (Unit Curr.) | -0.35 | -7.30 | -7.15 | -7.28 | -6.99 | -7.12 |
| Calculated EPS (Unit Curr.) | -0.35 | -7.30 | -7.15 | -7.28 | -6.99 | -7.12 |
| Calculated EPS (Adj) (Unit Curr.) | -0.35 | -7.30 | -7.15 | -7.28 | -6.99 | -7.12 |
| Calculated EPS (Ann.) (Unit Curr.) | -1.39 | -29.19 | -28.60 | -29.11 | -27.96 | -28.49 |
| Calculated EPS (Adj) (Ann.) (Unit Curr.) | -1.39 | -29.19 | -28.60 | -29.11 | -27.96 | -28.49 |
| Book Value (Unit Curr.) | ||||||
| Dividend (%) | ||||||
| Equity | 737.59 | 737.59 | 737.59 | 737.59 | 737.59 | 737.59 |
| Reserve & Surplus | ||||||
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Public Shareholding (No. Of Shares) | ||||||
| Public Shareholding (% in Equity) | ||||||
| Pledged/Encumbered – No. of Shares | ||||||
| Pledged/Encumbered – % in Total Promoters Holding | ||||||
| Pledged/Encumbered – % in Total Equity | ||||||
| Non Encumbered – No. of Shares | ||||||
| Non Encumbered – % in Total Promoters Holding | ||||||
| Non Encumbered – % in Total Equity | ||||||
| PBIDTM(%) | 0.00 | -3195.00 | -1030.88 | -1053.85 | -596.20 | -143.46 |
| PBDTM(%) | 0.00 | -130277.50 | -75035.29 | -24985.10 | -62946.84 | -21380.17 |
| PATM(%) | 0.00 | -134572.50 | -77561.76 | -25803.85 | -65258.23 | -22165.82 |
Balance Sheet : Reliance Defense Share Price
These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
| Column | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 |
| SOURCES OF FUNDS : | ||||||
| Share Capital | 748.94 | 748.05 | 747.15 | 736.21 | 736.21 | 736.21 |
| Reserves Total | -12617.11 | -10995.85 | -514.69 | 434.27 | 958.40 | 1485.68 |
| Equity Share Warrants | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity Application Money | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Shareholders Funds | -11868.17 | -10247.80 | 232.46 | 1170.48 | 1694.61 | 2221.89 |
| Secured Loans | 3548.01 | 2477.01 | 2190.56 | 6820.33 | 6576.76 | 5610.04 |
| Unsecured Loans | 8637.18 | 8428.69 | 7678.20 | 1932.87 | 1080.70 | 721.85 |
| Total Debt | 12185.19 | 10905.70 | 9868.76 | 8753.20 | 7657.46 | 6331.89 |
| Total Liabilities | 317.02 | 657.90 | 10101.22 | 9923.68 | 9352.07 | 8553.78 |
APPLICATION OF FUNDS : |
||||||
| Gross Block | 6367.02 | 6258.68 | 6258.56 | 6158.27 | 6157.21 | 6139.92 |
| Less : Accumulated Depreciation | 1432.84 | 1358.23 | 1292.66 | 1094.60 | 893.97 | 681.22 |
| Less:Impairment of Assets | 3454.16 | 3454.45 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 1480.02 | 1446.00 | 4965.90 | 5063.67 | 5263.24 | 5458.70 |
| Lease Adjustment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 36.69 | 102.77 | 4486.18 | 4109.63 | 3749.76 | 3419.24 |
| Producing Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 20.50 | 20.50 | 20.87 | 31.07 | 20.97 | 20.87 |
| Current Assets, Loans & Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 494.91 | 622.17 | 698.42 | 775.38 | 610.48 | 307.10 |
| Sundry Debtors | 0.46 | 5.55 | 14.65 | 3.45 | 10.98 | 45.46 |
| Cash and Bank | 15.80 | 55.79 | 175.84 | 117.27 | 156.19 | 207.73 |
| Loans and Advances | 1914.86 | 993.32 | 945.16 | 746.28 | 603.47 | 594.03 |
| Total Current Assets | 2426.02 | 1676.83 | 1834.08 | 1642.38 | 1381.12 | 1154.33 |
| Less : Current Liabilities and Provisions | ||||||
| Current Liabilities | 3380.32 | 2292.61 | 1147.31 | 710.46 | 597.03 | 868.50 |
| Provisions | 344.99 | 351.32 | 469.55 | 674.48 | 701.35 | 613.13 |
| Total Current Liabilities | 3725.31 | 2643.93 | 1616.86 | 1384.94 | 1298.39 | 1481.63 |
| Net Current Assets | -1299.28 | -967.10 | 217.22 | 257.44 | 82.74 | -327.31 |
| Miscellaneous Expenses not written off | ||||||
| Deferred Tax Assets | 379.60 | 220.71 | 0.00 | 207.25 | ||
| Deferred Tax Liability | 34.67 | 88.11 | 50.52 | 532.08 | ||
| Net Deferred Tax | 344.93 | 132.60 | -50.52 | -324.83 | ||
| Total Assets | 237.92 | 602.17 | 10035.11 | 9594.41 | 9066.19 | 8246.67 |
| Contingent Liabilities | 491.80 | 1331.09 | 2500.73 | 2640.06 | 2265.65 | 2347.30 |
Cash Flow
These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
| PARTICULARS | Mar2020 | Mar2019 | Mar2018 | Mar2017 | Mar2016 |
| Cash and Cash Equivalents at Beginning of the year | 50.06 | 76.78 | 35.56 | 43.98 | 25.75 |
| Net Cash from Operating Activities | -1252.97 | -258.45 | -245.22 | -335.11 | -610.26 |
| Net Cash Used In Investing Activities | 41.32 | 81.02 | 34.06 | -100.26 | -22.31 |
| Net Cash Used In Financing Activities | 1177.10 | 150.71 | 252.38 | 426.95 | 650.80 |
| Net Inc./Dec In Cash And Cash Equivalents | -34.55 | -26.72 | 41.22 | -8.42 | 18.23 |
| Cash And Cash Equivalents At End Of The Year | 15.51 | 50.06 | 76.78 | 35.56 | 43.98 |
Share Holding
These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
Promoter Shareholding
0%
FII Shareholding
0.48%
DII Shareholding
7.93%
Public Shareholding
91.59%
About Reliance Naval & Engineering Ltd
Reliance Naval & Engineering Ltd is in the Ship Building sector, having a market capitalization of Rs. 167.43 crores. It has reported a sales of Rs. 0 crores and a net profit of Rs. -25.54 crores for the quarter ended December 2018. The company management includes , Debashis Bir,Venkata Rachakonda,Shiby Jobby,Vishant Shetty,Prabhakar R Patil (Reliance Naval & Engineering Ltd) among others.
Company Performance and Contracts:
Reliance Defense’s share price is closely link to its performance in securing contracts and executing projects. Investors closely monitor the company’s order book, revenue growth, and profitability. Major contract wins, especially those with long-term implications, tend to have a positive impact on the share price. Conversely, setbacks or delays in project execution can lead to investor concerns and downward pressure on the stock.
Government Policies and Regulations:
As a defense contractor, Reliance Defense is subject to stringent government regulations and policies. Changes in defense procurement policies, export regulations, or shifts in government priorities can impact the company’s prospects and, consequently, its share price. Investors keenly observe regulatory developments and their potential implications for the company’s operations and growth trajectory.
Technological Advancements:
Innovation plays a crucial role in the defense sector, with companies constantly striving to develop cutting-edge technologies and solutions. Reliance Defense’s ability to stay ahead of technological advancements and adapt to changing market dynamics is pivotal for its competitiveness and share price performance. Investors assess the company’s R&D efforts, partnerships, and technological capabilities as indicators of future growth potential.
Macroeconomic Factors:
External macroeconomic factors such as economic growth, inflation, interest rates, and currency fluctuations can influence investor sentiment towards Reliance Defense and impact its share price. Economic downturns may lead to government budget cuts, affecting defense spending and project allocations. Conversely, robust economic growth often translates into increased defense budgets and investment opportunities for companies in the sector.
Competitive Landscape:
Reliance Defense operates in a highly competitive environment, facing competition from both domestic and international players. Investors evaluate the company’s market positioning, competitive strengths, and ability to differentiate itself in terms of product offerings, quality, and pricing. Strategic partnerships and collaborations can enhance Reliance Defense’s competitive edge and positively impact its share price.
Investor Sentiment and Market Trends:
Apart from fundamental factors, investor sentiment and market trends also influence Reliance Defense’s share price. Positive news flow, analyst recommendations, and market rumors can drive buying interest and push the stock higher. Conversely, negative sentiment stemming from geopolitical tensions, regulatory issues, or disappointing financial results can lead to selling pressure and downward price movements.
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Conclusion:
The Reliance Defense share price is influence by a myriad of factors, including industry trends, company performance, government policies, technological advancements, macroeconomic conditions, competitive dynamics, and investor sentiment. Investors need to carefully evaluate these factors and their potential impact on the company’s future prospects before making investment decisions. While the defense sector offers growth opportunities, it also entails inherent risks, necessitating a thorough understanding of the market dynamics and diligent risk management strategies.
