RCOM
Reliance Communications Limited
Telecom operator under Corporate Insolvency Resolution Process
Telecommunication›Telecommunication›Telecom - Services›Telecom - Cellular & Fixed line services
rcom.co.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
Loading price history…
Compare with peers
Loading peers…
What you need to know
Reliance Communications (RCOM) is a telecom company with India and global operations that is being run under the Corporate Insolvency Resolution Process (CIRP), with a monitoring committee overseeing a resolution plan that the NCLT (National Company Law Tribunal) approved on 19 December 2023 and whose implementation is still pending.
Company snapshot
7thBy market cap
Ranked among 7 companies in Telecom - Cellular & Fixed line services.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 107.0% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Global Operation | 1.5% | 4 Cr | 0 Cr | — |
| India Operation | 107.0% | 291 Cr | -82 Cr | — |
| Inter segment Eliminations | — | 0 Cr | 0 Cr | — |
| Others/ Unallocable | — | 0 Cr | 0 Cr | — |
Shares add up to 108% because segment revenues are before inter-segment eliminations.
What we see
- ✗Net margin is negative — the company is spending more than it earns right now.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97 Cr | 94 Cr | 92 Cr | 97 Cr | 88 Cr | 87 Cr | 87 Cr | 83 Cr | 87 Cr | 63 Cr | 81 Cr | 74 Cr |
| Operating expenses (approx.) | 117 Cr | 92 Cr | 94 Cr | 83 Cr | 86 Cr | 118 Cr | 84 Cr | 85 Cr | 141 Cr | 95 Cr | 182 Cr | 54 Cr |
| EBITDA | -20 Cr | 2 Cr | -2 Cr | 14 Cr | 2 Cr | -31 Cr | 3 Cr | -2 Cr | -54 Cr | -32 Cr | -101 Cr | 20 Cr |
| OPM % | -20.6% | 2.1% | -2.2% | 14.4% | 2.3% | -35.6% | 3.4% | -2.4% | -62.1% | -50.8% | -124.7% | 27.0% |
| Other income | 40 Cr | 8 Cr | 12 Cr | 7 Cr | 6 Cr | 7 Cr | 14 Cr | 8 Cr | 7 Cr | 9 Cr | 8 Cr | 8 Cr |
| Interest | 11 Cr | 14 Cr | 10 Cr | 12 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr |
| Depreciation | 34 Cr | 31 Cr | 30 Cr | 30 Cr | 28 Cr | 28 Cr | 31 Cr | 29 Cr | 28 Cr | 29 Cr | 26 Cr | 26 Cr |
| Profit before tax | -1,054 Cr | -2,060 Cr | -2,119 Cr | -2,220 Cr | -2,286 Cr | -2,379 Cr | -2,498 Cr | -2,560 Cr | -2,701 Cr | -2,761 Cr | -3,099 Cr | -807 Cr |
| Tax % | -0.6% | 0.0% | -0.4% | 0.0% | 0.0% | 0.0% | -0.2% | 0.0% | 0.0% | -0.2% | 0.0% | -0.2% |
| Net profit | -1,060 Cr | -2,060 Cr | -2,127 Cr | -2,220 Cr | -2,286 Cr | -2,379 Cr | -2,502 Cr | -2,560 Cr | -2,701 Cr | -2,767 Cr | -3,098 Cr | -809 Cr |
| EPS (₹) | ₹-3.86 | ₹-7.51 | ₹-7.75 | ₹-8.09 | ₹-8.33 | ₹-8.67 | ₹-8.94 | ₹-9.32 | ₹-9.84 | ₹-10.08 | ₹-11.29 | ₹-2.95 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | — | 4,593 Cr | 4,015 Cr | 1,685 Cr | 760 Cr | 556 Cr | 479 Cr | 383 Cr | 358 Cr | 314 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | — | 3,785 Cr | 3,634 Cr | 1,901 Cr | 777 Cr | 618 Cr | 498 Cr | 394 Cr | 369 Cr | 502 Cr | Sign in free for the trailing twelve months |
| EBITDA | — | 808 Cr | 381 Cr | -216 Cr | -17 Cr | -62 Cr | -19 Cr | -11 Cr | -11 Cr | -188 Cr | Sign in free for the trailing twelve months |
| OPM % | — | 17.6% | 9.5% | -12.8% | -2.2% | -11.2% | -4.0% | -2.9% | -3.1% | -59.9% | Sign in free for the trailing twelve months |
| Other income | — | 91 Cr | 179 Cr | 49 Cr | 19 Cr | 28 Cr | 26 Cr | 72 Cr | 33 Cr | 32 Cr | Sign in free for the trailing twelve months |
| Interest | — | 186 Cr | 192 Cr | 62 Cr | 48 Cr | 47 Cr | 47 Cr | 47 Cr | 46 Cr | 44 Cr | Sign in free for the trailing twelve months |
| Depreciation | — | 721 Cr | 820 Cr | 354 Cr | 154 Cr | 151 Cr | 136 Cr | 127 Cr | 117 Cr | 111 Cr | Sign in free for the trailing twelve months |
| Profit before tax | — | -25,814 Cr | -4,800 Cr | -42,772 Cr | -5,853 Cr | -6,772 Cr | -14,787 Cr | -7,198 Cr | -9,385 Cr | -11,120 Cr | Sign in free for the trailing twelve months |
| Tax % | — | 7.4% | -50.4% | 0.2% | 0.7% | 2.0% | 0.0% | -0.2% | -0.0% | -0.0% | Sign in free for the trailing twelve months |
| Net profit | — | -23,907 Cr | -7,218 Cr | -42,677 Cr | -5,812 Cr | -6,637 Cr | -14,784 Cr | -7,212 Cr | -9,389 Cr | -11,125 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | — | ₹-92.29 | ₹-26.26 | ₹-155.49 | ₹-21.10 | ₹-24.12 | ₹-52.83 | ₹-26.28 | ₹-34.36 | ₹-40.54 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | — | — | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,244 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr | 1,383 Cr |
| Reserves | 27,325 Cr | 1,400 Cr | -5,563 Cr | -49,539 Cr | -55,289 Cr | -61,956 Cr | -76,274 Cr | -83,513 Cr | -92,873 Cr | -1,03,948 Cr |
| Borrowings | 32,049 Cr | 36,263 Cr | 31,244 Cr | 30,737 Cr | 45,577 Cr | 45,572 Cr | 47,261 Cr | 47,231 Cr | 47,216 Cr | 47,212 Cr |
| Other liabilities | 38,713 Cr | 35,200 Cr | 40,172 Cr | 65,103 Cr | 55,861 Cr | 62,280 Cr | 64,403 Cr | 71,459 Cr | 80,704 Cr | 91,696 Cr |
| Total liabilities | 99,731 Cr | 74,578 Cr | 67,558 Cr | 48,000 Cr | 47,826 Cr | 47,557 Cr | 36,768 Cr | 36,554 Cr | 36,425 Cr | 36,338 Cr |
| Fixed assets (net) | 49,801 Cr | 16,501 Cr | 7,612 Cr | 2,222 Cr | 2,078 Cr | 1,971 Cr | 1,630 Cr | 1,468 Cr | 1,352 Cr | 1,241 Cr |
| CWIP | 1,909 Cr | 265 Cr | 191 Cr | 193 Cr | 196 Cr | 158 Cr | 69 Cr | 64 Cr | 53 Cr | 53 Cr |
| Investments | 32 Cr | 32 Cr | 12,033 Cr | 55 Cr | 57 Cr | 50 Cr | 56 Cr | 35 Cr | 36 Cr | 40 Cr |
| Loans & advances | — | — | — | — | — | — | 385 Cr | 387 Cr | 385 Cr | 390 Cr |
| Inventories | 235 Cr | 79 Cr | 63 Cr | 32 Cr | 29 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr |
| Trade receivables | 3,251 Cr | 2,133 Cr | 1,346 Cr | 490 Cr | 448 Cr | 295 Cr | 288 Cr | 311 Cr | 311 Cr | 308 Cr |
| Cash & bank | 1,024 Cr | 611 Cr | 832 Cr | 442 Cr | 709 Cr | 479 Cr | 218 Cr | 205 Cr | 194 Cr | 174 Cr |
| Other assets | 43,479 Cr | 54,957 Cr | 45,481 Cr | 44,566 Cr | 44,309 Cr | 44,602 Cr | 34,120 Cr | 34,082 Cr | 34,092 Cr | 34,130 Cr |
| Total assets | 99,731 Cr | 74,578 Cr | 67,558 Cr | 48,000 Cr | 47,826 Cr | 47,557 Cr | 36,768 Cr | 36,554 Cr | 36,425 Cr | 36,338 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | -388 Cr | 964 Cr | 374 Cr | 19 Cr | 328 Cr | 119 Cr | -64 Cr | -39 Cr | 26 Cr | -14 Cr |
| Cash from investing | 812 Cr | -268 Cr | 719 Cr | 5 Cr | -6 Cr | -298 Cr | 8 Cr | 65 Cr | 21 Cr | 47 Cr |
| Cash from financing | -173 Cr | -904 Cr | -868 Cr | -54 Cr | -55 Cr | -51 Cr | -205 Cr | -39 Cr | -58 Cr | -53 Cr |
| Net cash flow | 251 Cr | -208 Cr | 225 Cr | -30 Cr | 267 Cr | -230 Cr | -261 Cr | -13 Cr | -11 Cr | -20 Cr |
| Free cash flow (OCF − Capex) | -4,308 Cr | 373 Cr | 90 Cr | 8 Cr | 319 Cr | 84 Cr | -65 Cr | -39 Cr | 26 Cr | -14 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | -65.1% | — | — | — | — | — | — | — | — |
| ROE % | — | -765.3% | — | — | — | — | — | — | — | — |
| Debtor days | — | 169 | 122 | 106 | 215 | 193 | 219 | 296 | 316 | 357 |
| Inventory days | — | 6 | 6 | 7 | 14 | 1 | 2 | 2 | 2 | 2 |
| Days payable | — | 386 | 330 | 906 | 1967 | 2678 | 2742 | 3498 | 3718 | 4630 |
| Cash conversion cycle | — | -210 | -202 | -793 | -1738 | -2484 | -2521 | -3199 | -3400 | -4271 |
| OCF / EBITDA % | — | 119.3% | 98.2% | — | — | — | — | — | — | — |
| OCF / EBITDA % (3 years) | — | — | — | 139.5% | n.m. | — | — | — | — | — |
| Debt / equity | 1.12 | 13.03 | — | — | — | — | — | — | — | — |
| Current ratio | 0.36 | 0.87 | 0.66 | 0.45 | 0.43 | 0.40 | 0.06 | 0.06 | 0.05 | 0.05 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | — | — |