Religare Enterprises Ltd
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]
- Market Cap ₹ 7,227 Cr.
- Current Price ₹ 219
- High / Low ₹ 281 / 148
- Stock P/E 19.6
- Book Value ₹ 66.8
- Dividend Yield 0.00 %
- ROCE 15.5 %
- ROE -5.39 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 3.28 times its book value
- Earnings include an other income of Rs.3,399 Cr.
* 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
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,873 | 3,762 | 3,361 | 4,128 | 4,895 | 3,709 | 2,675 | 2,371 | 2,384 | 2,513 | 3,227 | 4,679 | 5,776 | |
1,820 | 1,460 | 1,585 | 2,006 | 3,710 | 1,659 | 2,841 | 3,005 | 2,341 | 2,235 | 3,592 | 4,196 | 5,234 | |
Operating Profit | 2,053 | 2,302 | 1,775 | 2,122 | 1,184 | 2,050 | -167 | -634 | 43 | 278 | -364 | 483 | 542 |
OPM % | 53% | 61% | 53% | 51% | 24% | 55% | -6% | -27% | 2% | 11% | -11% | 10% | 9% |
-606 | -777 | 25 | 58 | 1,012 | -316 | 60 | 10 | -157 | 17 | 137 | 3,473 | 3,399 | |
Interest | 1,460 | 1,722 | 1,584 | 1,658 | 1,879 | 1,840 | 1,271 | 854 | 855 | 733 | 750 | 641 | 104 |
Depreciation | 84 | 60 | 34 | 37 | 36 | 31 | 30 | 26 | 61 | 59 | 53 | 56 | 69 |
Profit before tax | -96 | -258 | 182 | 485 | 282 | -136 | -1,407 | -1,504 | -1,030 | -497 | -1,031 | 3,259 | 3,768 |
Tax % | -54% | -87% | 85% | 34% | 79% | 10% | 16% | 0% | -1% | 4% | -49% | 3% | |
-148 | -481 | 27 | 321 | 61 | -124 | -1,181 | -1,501 | -1,038 | -478 | -1,539 | 3,169 | 3,684 | |
EPS in Rs | -14.25 | -37.09 | -4.63 | 8.62 | -2.67 | -9.77 | -58.56 | -59.33 | -36.12 | -19.60 | -48.43 | 95.24 | 110.92 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 12% |
3 Years: | 25% |
TTM: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | 25% |
TTM: | 139% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 48% |
3 Years: | 35% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 149 | 149 | 150 | 178 | 178 | 178 | 178 | 217 | 258 | 259 | 319 | 324 | 328 |
Reserves | 3,489 | 2,970 | 2,982 | 3,705 | 3,660 | 2,549 | 1,658 | 521 | -157 | -306 | -1,301 | 1,734 | 1,873 |
Preference Capital | 56 | 56 | 56 | 25 | 25 | 26 | 0 | 0 | 0 | 0 | 0 | 0 | |
13,984 | 13,365 | 14,017 | 16,466 | 20,222 | 14,929 | 9,945 | 6,717 | 5,356 | 4,940 | 4,878 | 841 | 648 | |
2,722 | 3,811 | 3,976 | 5,089 | 3,369 | 3,382 | 2,081 | 2,119 | 2,673 | 3,832 | 5,467 | 5,193 | 6,262 | |
Total Liabilities | 20,343 | 20,295 | 21,125 | 25,439 | 27,429 | 21,038 | 13,862 | 9,573 | 8,130 | 8,725 | 9,362 | 8,092 | 9,111 |
1,576 | 1,822 | 1,981 | 2,128 | 1,785 | 103 | 80 | 83 | 175 | 117 | 127 | 196 | 185 | |
CWIP | 123 | 4 | 12 | 4 | 4 | 12 | 11 | 14 | 13 | 12 | 2 | 5 | 0 |
Investments | 1,415 | 2,419 | 3,344 | 4,363 | 2,700 | 1,983 | 1,197 | 1,438 | 2,023 | 3,190 | 3,836 | 5,094 | 5,829 |
17,229 | 16,049 | 15,788 | 18,944 | 22,941 | 18,940 | 12,574 | 8,038 | 5,919 | 5,406 | 5,397 | 2,797 | 3,097 | |
Total Assets | 20,343 | 20,295 | 21,125 | 25,439 | 27,429 | 21,038 | 13,862 | 9,573 | 8,130 | 8,725 | 9,362 | 8,092 | 9,111 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,032 | 2,936 | 1,634 | -706 | -2,154 | 5,871 | 5,802 | 3,555 | 2,433 | 1,373 | 1,596 | 1,506 | |
-1,754 | -730 | -403 | -612 | 499 | 2,149 | -457 | -31 | -436 | -1,181 | -689 | -939 | |
3,187 | -2,326 | -1,400 | 1,094 | 1,853 | -7,696 | -6,455 | -3,819 | -1,743 | -314 | 559 | -2,079 | |
Net Cash Flow | 401 | -120 | -169 | -224 | 198 | 324 | -1,110 | -295 | 254 | -122 | 1,466 | -1,512 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 47 | 52 | 52 | 35 | 60 | 42 | 53 | 14 | 28 | 21 | 14 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 46 | 47 | 52 | 52 | 35 | 60 | 42 | 53 | 14 | 28 | 21 | 14 |
Working Capital Days | 308 | 265 | 104 | 56 | 42 | 26 | -118 | -98 | -267 | -264 | -387 | -275 |
ROCE % | 12% | 11% | 11% | 11% | 9% | 10% | -1% | -7% | -0% | 4% | -6% | 16% |
Documents
Announcements
- Announcement Under Regulation 30 Of The SEBI(LODR) Regulations, 2015 3m
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 1d
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
12 Apr - Allotment of equity shares pursuant to exercise of stock options under REL ESOP Plan 2019.
- Quarterly Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount On Loans From Banks / Financial Institutions And Unlisted Debt Securities 6 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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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]