Religare Enterprises Ltd

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Religare Enterp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Religare Enterprises Ltd

₹ 226 -2.35%
24 Aug 2:22 p.m.
religare.com BSE: 532915 NSE: RELIGARE
About

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]

Key Points

Services
A)Lending (15% of the revenue in FY21) Lending and Investments, Financial Advisory Services, Distribution of Third-Party Financial Products. The Co. provides SME Finance through Religare Finvest Ltd.(RFL) and Affordable Housing Finance through Religare Housing Development Finance Corporation Ltd.(RHDFCL)
B)Health Insurance (74.5% of the revenue) Offers products in the retail segment for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates through Care Health Insurance Limited (formerly known as Religare Health Insurance Co. Ltd.)[1]
C)Retail Broking (8.5% of the revenue)Broking in Securities and Commodities, Custodial and Depository Operations, PMS, Institutional Equities and Investment Banking Services through Religare Broking Ltd.[2] [3]

Website BSE NSE
  • Market Cap ₹ 7,791 Cr.
  • Current Price ₹ 226
  • High / Low ₹ 285 / 197
  • Stock P/E
  • Book Value ₹ 74.1
  • Dividend Yield 0.00 %
  • ROCE -1.28 %
  • ROE -1.48 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.13 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -48.2% over past five years.
  • Promoter holding is low: 30.6%
  • Company has a low return on equity of -2.10% over last 3 years.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Finance Investment Company

Part of Nifty Smallcap 500 BSE Financial Services Nifty Microcap 250 Nifty Total Market BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
2.11 3.27 3.61 3.23 2.87 3.43 0.04 0.03 0.24 0.88 1.37 1.72 2.52
12.79 16.07 23.61 13.81 17.25 20.47 15.96 8.53 6.87 8.63 13.05 14.97 13.26
Operating Profit -10.68 -12.80 -20.00 -10.58 -14.38 -17.04 -15.92 -8.50 -6.63 -7.75 -11.68 -13.25 -10.74
OPM % -506.16% -391.44% -554.02% -327.55% -501.05% -496.79% -39,800.00% -28,333.33% -2,762.50% -880.68% -852.55% -770.35% -426.19%
6.14 1.77 1.89 3.65 5.27 19.43 5.31 5.55 2.86 6.71 1.02 1.63 1.86
Interest 6.16 6.26 6.44 6.55 6.72 6.43 1.24 1.01 1.74 2.36 0.20 0.19 0.23
Depreciation 1.53 1.39 1.42 1.51 1.41 1.34 1.51 1.19 0.64 0.58 0.57 0.56 0.50
Profit before tax -12.23 -18.68 -25.97 -14.99 -17.24 -5.38 -13.36 -5.15 -6.15 -3.98 -11.43 -12.37 -9.61
Tax % -51.84% 0.00% -0.69% 0.00% -8.06% -274.91% 0.07% 244.47% 0.00% 0.00% -1.05% 0.00% 0.00%
-5.89 -18.68 -25.79 -14.99 -15.84 9.41 -13.37 -17.74 -6.15 -3.97 -11.31 -12.36 -9.62
EPS in Rs -0.18 -0.58 -0.78 -0.45 -0.48 0.28 -0.40 -0.54 -0.19 -0.12 -0.34 -0.37 -0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
114 497 35 57 33 21 114 28 32 23 39 4 6
11 8 30 346 136 194 49 52 56 66 62 44 50
Operating Profit 103 490 5 -290 -102 -174 64 -25 -24 -43 -23 -39 -43
OPM % 91% 98% 13% -508% -307% -845% 57% -88% -76% -185% -60% -931% -669%
0 -279 -7 15 2 -130 5 2 24 2 3 12 11
Interest 194 110 156 57 45 6 4 2 12 25 15 4 3
Depreciation 3 2 0 2 1 1 1 2 3 6 5 2 2
Profit before tax -93 99 -158 -333 -146 -310 64 -27 -15 -72 -41 -34 -37
Tax % 11% 16% 1% -2% 0% 0% 1% -3% -0% -9% -9% -0%
-104 84 -159 -326 -146 -310 64 -26 -15 -65 -38 -34 -37
EPS in Rs -5.80 4.70 -8.93 -18.28 -6.73 -12.02 2.47 -0.82 -0.47 -1.98 -1.14 -1.02 -1.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -38%
5 Years: -48%
3 Years: -49%
TTM: 74%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -34%
Stock Price CAGR
10 Years: -1%
5 Years: 9%
3 Years: 0%
1 Year: -8%
Return on Equity
10 Years: -5%
5 Years: -2%
3 Years: -2%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 178 178 178 178 217 258 259 319 324 330 331 333
Reserves 2,253 2,337 1,679 1,330 1,442 1,252 1,320 1,819 1,823 1,793 1,759 2,134
750 844 1,302 548 381 333 339 93 219 140 44 6
2,578 1,248 892 186 172 383 243 255 42 141 109 100
Total Liabilities 5,759 4,607 4,051 2,243 2,212 2,227 2,161 2,486 2,407 2,405 2,242 2,573
2 1 0 2 1 2 4 15 16 20 11 6
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 5,319 4,338 3,940 2,121 2,112 2,066 1,960 2,284 2,265 2,261 2,206 2,485
438 268 111 119 98 158 198 187 126 124 26 81
Total Assets 5,759 4,607 4,051 2,243 2,212 2,227 2,161 2,486 2,407 2,405 2,242 2,573

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
479 -93 93 -262 -26 -10 -1 -19 -40 -72 73 -102
0 0 -51 493 -86 -53 -63 -311 61 9 59 -277
-552 94 -41 -233 115 60 74 320 11 36 -131 373
Net Cash Flow -73 1 1 -1 3 -3 10 -10 33 -27 2 -6
Free Cash Flow 479 -93 93 -266 -25 -11 -1 -23 -40 -74 73 -102
CFO/OP 467% -18% 2,037% 91% 25% 6% -2% 78% 165% 167% -316% 260%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -2,542 -220 -9,728 -766 -866 -5,391 -607 -2,632 199 -1,329 -860 -7,632
ROCE % 3% 4% 0% -11% -5% -7% 4% -1% -0% -2% -1% -1%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Care Health Insurance Gross Written Premium (GWP)
Rs. Crore

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Care Health Insurance Investment Book (AUM)
Rs. Crore
Care Health Insurance Market Share (SAHI segment)
%
Care Health Insurance Number of Branches
count
Religare Broking Active Clients
thousands
RHDFCL Assets Under Management (AUM)
Rs. Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.67% 25.83% 25.83% 26.27% 30.27% 30.55%
11.75% 9.89% 7.91% 8.49% 8.01% 8.05% 8.25% 8.10% 7.81% 7.61% 7.85% 9.64%
7.84% 7.75% 8.17% 10.99% 13.43% 13.14% 11.76% 11.62% 10.27% 9.33% 8.52% 9.33%
80.41% 82.36% 83.92% 80.51% 78.56% 78.82% 54.32% 54.45% 56.11% 56.79% 53.36% 50.49%
No. of Shareholders 61,53569,31184,52783,05079,94680,23674,21374,05885,87381,95973,41169,935

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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