Religare Enterprises Ltd logo

Religare Enterprises Ltd

RELIGARE NSE

Key Fundamentals

MicrocapInvestment CompanyFinancial Services
Market Cap
₹7,643 Cr
Volatility
Moderate
P/E Ratio
153.34
EBITDA
₹-7,168 Cr
Return on Equity
5.33%
Debt to Equity
0.17
Book Value
₹92.44
EPS
₹0.35
52W High
₹280
52W Low
₹196.51

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

6
  • Stock is trading at 2.65 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 30.6%
  • Company has a low return on equity of 4.47% over last 3 years.
  • Earnings include an other income of Rs.34.8 Cr.

Growth Rate

Revenue Growth
-84.37% ↘
Net Income Growth
-55.95% ↗
Cash Flow Change
4.82% ↗
ROE
-51.28% ↗
ROCE
-49.91% ↗
EBITDA Margin (Avg.)
-13101.73% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Religare Enterprises Ltd is a financial services company with a market cap of ₹8,810 Cr, trading at a PE of 119.4x and PB of 3.01x. The company has delivered strong sales CAGR of 22% over 3 years but reported a TTM profit decline of 31%, with ROE remaining subdued at around 3-4% over recent years.

Bull Case 7
  • Strong 3-year compounded sales growth of 22%, indicating robust revenue expansion in the financial services business
  • 5-year compounded sales growth of 27% demonstrates sustained long-term revenue momentum
  • 3-year compounded profit growth of 71% shows significant earnings recovery from a low base
  • TTM sales growth of 15% indicates continued topline traction in the most recent period
  • Stock CAGR of 18% over 1 year reflects positive market sentiment and re-rating potential
  • 5-year stock CAGR of 14% shows the company has delivered consistent long-term capital appreciation
  • 10-year compounded profit growth of 12% suggests the company has navigated multiple cycles and maintained profitability over the long run
Bear Case 8
  • PE ratio of 119.4x is extremely elevated for a financial services company, implying very high growth expectations are priced in
  • TTM compounded profit declined by 31%, indicating recent earnings deterioration despite revenue growth
  • 3-year average ROE of only 4% (last year 3%) is well below the cost of equity and indicates poor capital efficiency
  • Promoter holding is low at 30.6%, raising concerns about corporate governance and vulnerability to hostile actions
  • Zero dividend yield despite reporting profits suggests lack of shareholder return commitment or need to retain capital for operational reasons
  • Stock is trading at 3.01x book value which is expensive given the low ROE of 4.47%, indicating poor price-to-value alignment
  • 10-year stock CAGR of 0% indicates the company destroyed or delivered no shareholder value over the long term
  • 5-year compounded profit growth of only 17% versus 27% sales growth implies margin compression over the medium term

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Positives 1
  • New MD & CEO at RHDFCL Jun 25

    RHDFCL, a step-down subsidiary, appointed Pavan Kumar Gupta as MD & CEO effective July 01, 2026, bringing 30+ years of housing finance experience to strengthen subsidiary leadership.

Neutral 2
  • RBI approves RFL MD appointment Jun 23

    RBI approved Srinivasan Karthik as Managing Director of Religare Finvest Ltd, a key subsidiary, providing regulatory clarity on leadership.

  • Ashish Dhawan raises stake to 5.42% Jun 22

    Ashish Dhawan increased his holding to 5.42% of diluted capital via market purchases and warrant conversion, signaling investor confidence.

TL;DR: Religare Enterprises is seeing steady leadership consolidation across its subsidiaries, with RBI-approved appointments and experienced hires signaling operational stability. No material headwinds emerged this week. Promoter-level stake increases suggest confidence in the company's trajectory. The near-term outlook is stable, with focus on execution under refreshed subsidiary management.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,285
1,584
1,511
1,856
1,710
1,952
1,668
2,042
1,861
2,077
2,056
2,467
2,353
Expenses
1,147
1,483
1,455
1,833
1,653
1,876
1,730
1,805
1,846
2,010
2,151
2,325
2,402
Operating Profit
138
101
56
23
57
76
-61
237
15
67
-95
143
-49
OPM %
11%
6%
3.7%
1.2%
3.3%
3.9%
-3.7%
12%
0.8%
3.2%
-4.6%
6%
-2.1%
Other Income
18
1
27
249
5
19
2
8
10
12
12
6
5
Interest
26
25
24
18
13
13
5
6
7
10
9
10
15
Depreciation
19
18
18
17
16
15
14
17
13
12
11
12
18
PBT
112
59
41
236
33
67
-79
222
6
57
-103
127
-77
Tax %
17%
32%
18%
23%
18%
-2%
-20%
32%
-42%
20%
-26%
25%
-39%
Net Profit
93
40
34
181
27
69
-63
151
8
46
-77
96
-47
EPS in Rs
1.94
0.78
0.59
3.8
0.55
1.55
-1.3
2.98
0.31
1.17
-1.36
2.47
-0.77
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,128
4,895
3,709
2,675
2,371
2,384
2,513
3,227
4,679
6,266
7,385
8,459
8,954
Expenses
2,006
3,710
1,659
2,841
3,005
2,341
2,235
3,592
4,196
5,898
7,029
8,324
8,888
Operating Profit
2,122
1,184
2,050
-167
-634
43
278
-364
483
368
356
136
66
OPM %
51%
24%
55%
-6%
-27%
1.8%
11%
-11%
10%
6%
4.8%
1.6%
0.7%
Other Income
58
1,012
-316
60
10
-157
17
137
3,473
263
12
34
35
Interest
1,658
1,879
1,840
1,271
854
855
733
750
641
112
63
36
43
Depreciation
37
36
31
30
26
61
59
53
56
72
62
47
52
PBT
485
282
-136
-1,407
-1,504
-1,030
-497
-1,031
3,259
448
243
87
5
Tax %
34%
79%
-10%
-16%
0%
1%
-4%
49%
3%
22%
25%
16%
—
Net Profit
321
61
-124
-1,181
-1,501
-1,038
-478
-1,539
3,169
347
183
73
18
EPS in Rs
8.62
-2.67
-9.77
-58.56
-59.33
-36.12
-19.6
-48.43
95.24
7.06
3.79
2.58
1.51
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
178
178
178
178
217
258
259
319
324
330
331
333
Reserves
3,705
3,660
2,549
1,658
616
-157
-306
-1,301
1,734
2,013
2,185
2,575
Borrowings
16,491
20,247
14,956
9,945
6,717
5,356
4,940
4,878
841
443
233
493
Other Liabilities
5,064
3,344
3,355
2,081
2,023
2,673
3,832
5,467
5,193
6,686
8,480
11,104
Total Liabilities
25,439
27,429
21,038
13,862
9,573
8,130
8,725
9,362
8,092
9,472
11,229
14,506
Fixed Assets
2,128
1,785
103
80
83
175
117
127
196
161
145
136
CWIP
4
4
12
11
14
13
12
2
5
6
8
0
Investments
4,363
2,700
1,983
1,197
1,438
2,023
3,190
3,836
5,094
6,718
8,700
11,203
Other Assets
18,944
22,941
18,940
12,574
8,038
5,919
5,406
5,397
2,797
2,587
2,376
3,166
Total Assets
25,439
27,429
21,038
13,862
9,573
8,130
8,725
9,362
8,092
9,472
11,229
14,506
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-706
-2,154
5,871
5,802
3,555
2,433
1,373
1,596
1,506
1,500
1,572
1,820
Investing
-612
499
2,149
-457
-31
-436
-1,181
-689
-939
-1,348
-1,185
-2,176
Financing
1,094
1,853
-7,696
-6,455
-3,819
-1,743
-314
559
-2,079
-156
-285
690
Net Cash Flow
-224
198
324
-1,110
-295
254
-122
1,466
-1,512
-4
102
334
Free Cash Flow
-732
-2,202
5,847
5,776
3,522
2,410
1,355
1,557
1,466
1,479
1,547
1,809
CFO/OP
-30
-173
287
-3,525
-565
5,635
497
-438
312
407
441
1,342
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52
35
60
42
53
14
28
21
14
8
4
5
Cash Conversion Cycle
52
35
60
42
53
14
28
21
14
8
4
5
Working Capital Days
-326
-257
-187
-250
-224
-267
-264
-387
-275
-291
-334
-289
ROCE %
11%
9%
10%
-1%
-7%
0%
4%
-6%
16%
9%
8%
3%

Shareholding Pattern

As of Jun 2026
Promoters 30.56%
Public 28.24%
Others 22.23%
FIIs 9.64%
DIIs 9.33%
Total 100.00%
  Mar 2021Jun 2021Jul 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
0.31%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
25.67%
25.83%
25.83%
26.27%
30.27%
30.56%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.01%
3.96%
3.96%
3.96%
3.90%
9.89%
7.91%
8.49%
8.01%
8.04%
8.25%
8.10%
7.80%
7.61%
7.85%
9.64%
DIIs
0.00%
0.00%
0.00%
0.36%
0.55%
1.64%
2.00%
2.99%
7.28%
7.54%
7.12%
4.13%
7.86%
8.20%
10.99%
13.43%
13.14%
11.76%
11.62%
10.27%
9.32%
8.52%
9.33%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
35.86%
35.09%
35.09%
33.24%
31.82%
30.87%
30.45%
28.56%
28.14%
29.36%
29.37%
28.07%
29.83%
27.68%
28.09%
27.55%
27.19%
29.06%
29.70%
30.47%
31.07%
28.49%
28.24%
Others
63.84%
64.91%
64.91%
66.39%
67.63%
67.49%
67.55%
64.44%
60.62%
59.14%
59.55%
63.90%
52.42%
56.21%
52.43%
51.02%
51.63%
25.26%
24.75%
25.63%
25.73%
24.87%
22.23%
No. of Shareholders
42,813
63,126
63,126
48,971
52,700
57,189
55,613
55,222
59,752
59,292
57,939
61,535
69,311
84,527
83,050
79,946
80,236
74,213
74,058
85,873
81,959
73,411
72,345

Documents

Frequently Asked Questions about Religare Enterprises Ltd

What does Religare Enterprises Ltd do?
Religare Enterprise Ltd, incorporated in 1984, is a diversified financial services company with presence all over India, operating through its subsidiaries. The Co. provides loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking. REL’s subsidiaries service over 11 lakh cli...
Where is Religare Enterprises Ltd (RELIGARE) listed?
Religare Enterprises Ltd is listed on the Indian stock exchanges. It is listed on NSE: RELIGARE and BSE: 532915. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Religare Enterprises Ltd belong to?
Religare Enterprises Ltd operates in the Financial Services sector within the Investment Company industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Religare Enterprises Ltd?
Religare Enterprises Ltd has a market capitalisation of approximately ₹7643.17 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Religare Enterprises Ltd?
The Price-to-Earnings (PE) ratio of Religare Enterprises Ltd is 153.34. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Religare Enterprises Ltd?
Over the past 52 weeks, Religare Enterprises Ltd has traded between a low of ₹196.51 and a high of ₹280. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Religare Enterprises Ltd?
Religare Enterprises Ltd has a Return on Equity (ROE) of 5.33%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Religare Enterprises Ltd on Tapetide?
On Tapetide, you can view Religare Enterprises Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Religare Enterprise Ltd, incorporated in 1984, is a diversified financial services company with presence all over India, operating through its subsidiaries. The Co. provides loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking. REL’s subsidiaries service over 11 lakh clients from over 1,275 locations having presence in more than 400 cities.[1][2]

Website religare.com
CEO Mr. Pratul Gupta
Employees 11,000
Listed 2007-11-21
Face Value ₹ 10
Issued Size 33,07,54,663

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