Brokerages Remain Bullish as Reliance Industries Aims to Double EBITDA, Expand O2C, Retail, and New Energy

Key Points

• Reliance Industries aims to double its EBITDA by 2025.
• The company plans to expand its O2C, retail, and new energy businesses.
• Brokerages remain bullish on Reliance Industries, citing its strong growth prospects.

Introduction

Reliance Industries, India's largest private sector company, has set an ambitious target to double its earnings before interest, taxes, depreciation, and amortization (EBITDA) by 2025. The company plans to achieve this goal by expanding its existing businesses and investing in new growth areas, such as O2C, retail, and new energy. Brokerages remain bullish on Reliance Industries, citing its strong growth prospects.

Reliance Industries' Growth Plans

Reliance Industries is a diversified conglomerate with interests in a wide range of businesses, including oil and gas, petrochemicals, refining, and telecommunications. The company is also a major player in the retail sector, with a presence in both India and the United Arab Emirates. In recent years, Reliance Industries has been expanding its presence in the new energy sector, with investments in solar and wind power projects.

As part of its plans to double its EBITDA, Reliance Industries is planning to expand its O2C, retail, and new energy businesses.

• O2C: Reliance Industries plans to increase its capacity in the O2C segment by setting up new plants and expanding existing ones. The company also plans to invest in new technologies to improve the efficiency of its O2C operations.
• Retail: Reliance Industries plans to expand its retail footprint by opening new stores and launching new brands. The company also plans to invest in e-commerce to grow its online presence.
• New energy: Reliance Industries plans to invest heavily in new energy projects, including solar and wind power projects. The company also plans to develop new technologies for the production and storage of clean energy.

Brokerages Remain Bullish on Reliance Industries

Brokerages remain bullish on Reliance Industries, citing its strong growth prospects. In a recent report, CLSA said that Reliance Industries is "well-positioned to capture the growth opportunities in the Indian economy." The report also said that Reliance Industries is a "defensive play in a volatile market."

Other brokerages that have issued bullish reports on Reliance Industries include:

• Morgan Stanley
• Goldman Sachs
• JPMorgan
• Bank of America Merrill Lynch

Conclusion

Reliance Industries is well-positioned to achieve its goal of doubling its EBITDA by 2025. The company has a strong track record of execution, and its plans for growth are supported by the analysts.

Investors who are looking for a long-term investment with strong growth prospects should consider investing in Reliance Industries.