Religare Enterprises Limited (RELIGARE) AI Stock Analysis

• Market Cap: ₹77.43B
• Dividend Yield: N/A
• Average Volume (3M): 55.94K
• Price to Earnings (P/E): 73.7
• Beta (1Y): 0.65
• Revenue Growth: 8.35%
• EPS Growth: -50.99%
• Country: IN
• Employees: 13,000
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.17
• Shares Outstanding: 330,754,670
• 10 Day Avg. Volume: 70,962
• 30 Day Avg. Volume: 55,941
• PEG Ratio: -1.29
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 1.02
• P/FCF Ratio: 4.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹266.00 ▲(13.63% Upside)

Religare Enterprises' overall stock score is driven by strong financial performance, particularly in revenue growth and cash flow management. However, high valuation metrics and neutral technical indicators limit the score. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

The company's robust revenue growth indicates expanding market presence and effective product offerings, supporting long-term business sustainability.

Cash Flow Management

Strong cash generation capabilities ensure the company can fund operations, invest in growth opportunities, and maintain financial flexibility.

Balance Sheet Health

A stable balance sheet with healthy equity and liquidity positions the company well to withstand economic fluctuations and pursue strategic initiatives.

Negative Factors

Profitability Challenges

Low profitability and return on equity suggest inefficiencies that could limit future growth and shareholder returns if not addressed.

Net Profit Margin Decline

Declining net profit margins from rising expenses can pressure overall profitability, necessitating cost management improvements for sustainable growth.

Earnings Volatility

Negative EPS growth reflects earnings volatility, which can undermine investor confidence and affect the company's ability to attract capital.

Religare Enterprises Limited Business Overview & Revenue Model

Company Description

Religare Enterprises Limited operates as an investment company in India and internationally. The company provides broking services in equities, currencies, and commodities; depository participant services; tax information network and income tax permanent account number facilities; and tax deduction at source/tax collection at source filing services, as well as operates as an NSDL-appointed enrolment agency for Aadhaar unique identification number and an AMFI-registered mutual fund distributor. It also offers finance for small and medium enterprises; and housing finance, including home-purchase, home construction, and home improvement loans. In addition, the company provides e-governance and financial advisory services; and issues digital signature certificate. Further, it offers health insurance services to employees of corporates, and individual customers. Additionally, the company provides critical illness, personal accident, top-up coverage, international travel, and maternity insurance products, as well as group health and personal accident insurance. Religare Enterprises Limited was incorporated in 1984 and is based in New Delhi, India.

How the Company Makes Money

Religare Enterprises generates revenue through several key streams. Its primary revenue sources include brokerage fees from retail and institutional clients engaged in stock trading, management fees from its asset management division, and premiums collected from its insurance products. Additionally, the company earns interest income from its lending operations, which involves providing personal loans, business loans, and other financing solutions. Strategic partnerships with financial institutions and technology firms enhance RELIGARE's capabilities and reach, contributing to its overall revenue growth. The company also focuses on enhancing its digital platforms to attract more customers and streamline its service delivery, further bolstering its earnings potential.

Religare Enterprises Limited Financial Statement Overview

Summary

Religare Enterprises shows strong revenue growth and efficient cash flow management, indicating operational resilience. However, challenges with profitability and return on equity may hinder future growth. The balance sheet is stable with adequate liquidity and balanced leverage.

Income Statement

Religare Enterprises has demonstrated robust revenue growth, with a significant increase from 2024 to 2025. The gross profit margin remains high, indicating effective cost management. However, the net profit margin has declined due to increased operating expenses, affecting overall profitability. The EBIT margin showed a positive trend, reflecting improved operational efficiency.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, suggesting balanced leverage. The equity ratio is healthy, indicating a strong equity base relative to total assets. However, the return on equity is low, pointing to inefficiencies in generating returns on shareholder investments. Liquidity appears sufficient with ample cash reserves.

Cash Flow

Cash flow analysis reveals strong operating cash flow, consistent with a positive trend in free cash flow, indicating solid cash generation capabilities. The operating cash flow to net income ratio is favorable, showcasing effective cash management. However, the free cash flow growth rate is modest, suggesting limited growth in cash surplus.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	58.79B	73.18B	61.91B	43.19B	31.89B	24.01B
Gross Profit	51.71B	48.64B	40.74B	36.93B	24.49B	16.81B
EBITDA	3.02B	3.39B	6.10B	39.41B	-2.38B	2.81B
Net Income	1.18B	1.25B	2.33B	869.31M	-15.44B	-5.08B
Balance Sheet
Total Assets	0.00	112.29B	95.77B	80.94B	93.53B	87.26B
Cash, Cash Equivalents and Short-Term Investments	0.00	10.87B	10.72B	7.98B	25.26B	16.20B
Total Debt	0.00	2.33B	4.43B	8.41B	49.37B	49.40B
Total Liabilities	-34.37B	77.92B	64.08B	54.16B	98.85B	84.28B
Stockholders Equity	34.37B	25.16B	23.43B	20.58B	-9.82B	-470.86M
Cash Flow
Free Cash Flow	0.00	15.47B	14.78B	14.66B	15.56B	13.54B
Operating Cash Flow	0.00	15.72B	15.00B	15.06B	15.96B	13.73B
Investing Cash Flow	0.00	-11.85B	-13.48B	-9.39B	-6.89B	-11.81B
Financing Cash Flow	0.00	-2.85B	-1.56B	-20.79B	5.59B	-3.14B

Religare Enterprises Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 234.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELIGARE, the sentiment is Negative. The current price of 234.1 is below the 20-day moving average (MA) of 235.76, below the 50-day MA of 250.14, and below the 200-day MA of 241.99, indicating a bearish trend. The MACD of -6.35 indicates Negative momentum. The RSI at 45.16 is Neutral, neither overbought nor oversold. The STOCH value of 47.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RELIGARE.

Religare Enterprises Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TMB	79 Outperform	₹80.65B	6.64	―	2.16%	7.08%	7.69%
SOUTHBANK	77 Outperform	₹104.68B	7.71	―	1.00%	8.09%	2.68%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RELIGARE	62 Neutral	₹77.43B	73.67	―	―	8.35%	-50.99%
UJJIVANSFB	60 Neutral	₹104.75B	25.09	―	2.78%	6.15%	-64.12%
EQUITASBNK	56 Neutral	₹67.11B	-73.60	―	1.72%	10.02%	-120.18%

Religare Enterprises Limited Corporate Events

Religare Enterprises Opens Special Window for Share Transfer Requests

Religare Enterprises Limited announced a special window for shareholders to re-lodge transfer requests of physical shares that were previously rejected or unattended due to document deficiencies. This initiative, following a SEBI circular, aims to address past administrative issues, potentially improving shareholder satisfaction and operational efficiency.

Religare Enterprises Releases Q2 FY2026 Financial Performance Presentation

Religare Enterprises Limited has released an investor presentation detailing its operational and financial performance for the quarter and half year ending September 30, 2025. The presentation, which is available on the company’s website, is part of the preparations for an upcoming earnings call. This announcement is significant as it provides stakeholders with insights into the company’s recent performance and strategic direction.

Religare Enterprises Confirms SEBI Compliance for Q3 2025

Religare Enterprises Limited announced its compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending September 30, 2025. This compliance, confirmed by KFin Technologies Limited, ensures that the company’s securities dematerialization processes are in line with regulatory standards, potentially enhancing stakeholder confidence in its operational integrity.

Religare’s Subsidiary Faces Confirmed GST Demand and Penalty

Religare Enterprises Limited has announced that its subsidiary, Care Health Insurance Ltd. (CHIL), has received a confirmation from the Joint Commissioner, Common Adjudicating Authority, CGST Commissionerate, Faridabad, regarding a GST demand of ₹35.92 crore, along with a penalty and applicable interest for the period from July 2017 to March 2022. This confirmation follows a directive from the Bombay High Court to reassess a previous order related to industry-wide issues concerning non-payment of GST on co-insurance and re-insurance transactions. The company plans to appeal or consider other actions against this order.