Reliance stock: ICRA assigns AAA rating to INR 500.0 billion loans

Published on 10/22/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 revenue reached INR 11.8 trillion. Reliance stock stood at INR 1,198.20 on October 22, 2026, down 0.89 percent versus INR 1,209.00.

ICRA rating and financial scale

ICRA assigned an AAA rating to INR 500.0 billion of Reliance bank loan facilities on October 21, 2026.
Reliance reported FY26 revenue of INR 11.8 trillion and net profit of INR 957.5 billion, up 17.8 percent.
Reliance stock stood at INR 1,198.20 on October 22, 2026, down 0.89 percent from INR 1,209.00.

Reliance, INE002A01018, Illustration mit AI erstellt.

ICRA assigned an AAA rating to Reliance Industries' INR 500.0 billion bank loan facilities on October 21, 2026, according to EquityBulls. The rating action also reaffirmed ratings for Reliance debentures and commercial paper.

Reliance stock was quoted at INR 1,198.20 on the NSE on October 22, 2026, at 11:20 a.m. IST. The price was down 0.89 percent from the prior close of INR 1,209.00, keeping the market response separate from the credit assessment.

What does the rating cover?

The AAA rating applies to newly rated bank loan facilities of INR 500.0 billion, converted from INR 50,000 crore. EquityBulls reported that ICRA cited Reliance's diversified earnings mix and operating income of INR 10.6 trillion in fiscal year 2026.

Revenue and profit set the scale

Reliance's investor-relations materials report consolidated FY26 revenue of INR 11.8 trillion, up 9.8 percent year over year, and net profit of INR 957.5 billion, up 17.8 percent. The same materials put FY26 EBITDA at INR 2.1 trillion, compared with INR 975.8 billion in fiscal year 2021, linking the credit profile to a broader expansion in earnings capacity. These figures are reported by Reliance Industries.

Consensus target stays above the price

MarketScreener lists a consensus target of INR 1,666.00 from 25 analysts and a last close of INR 1,209.00. Relative to the October 22 price of INR 1,198.20, that target is 39.07 percent higher, although the consensus is a valuation reference rather than a guarantee.

Price position on October 22

Reliance stock stood at INR 1,198.20 on the NSE on October 22, 2026, at 11:20 a.m. IST, down 0.89 percent versus the prior close of INR 1,209.00. The credit rating and FY26 figures give investors two separate measures of the company: financing quality and operating scale.

The further course of trading is shown by the continuously updated real-time quote of Reliance stock.