Religare Enterprises Limited (RELIGARE) AI Stock Analysis

• Market Cap: ₹83.31B
• Dividend Yield: N/A
• Average Volume (3M): 66.68K
• Price to Earnings (P/E): 70.9
• Beta (1Y): 0.60
• Revenue Growth: 12.98%
• EPS Growth: -37.79%
• Country: IN
• Employees: 13,000
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.31
• Shares Outstanding: 330,656,680
• 10 Day Avg. Volume: 57,660
• 30 Day Avg. Volume: 66,683
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹287.00
• Price Target Upside: 13.91% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹287.00 ▲(13.91% Upside)

Religare Enterprises demonstrates strong financial performance with robust revenue growth and efficient cash flow management. However, high valuation metrics and challenges in profitability and return on equity present risks. The technical analysis supports a positive trend, but the stock's high P/E ratio suggests it may be overvalued.

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 Limited generates revenue through multiple streams primarily tied to its financial services offerings. The company earns income from interest on loans provided under its lending services, fees and premiums from its health insurance products, and management fees from its asset management division. RELIGARE's growth is also supported by strategic partnerships and collaborations with financial institutions, enhancing its distribution capabilities and product offerings. Additionally, the company may engage in investments and financial advisory services, contributing further to its earnings. Key factors such as market demand for financial products, regulatory changes, and economic conditions also play a significant role in influencing the company's revenue.

Religare Enterprises Limited Financial Statement Overview

Summary

Religare Enterprises demonstrates robust revenue growth and strong cash flow management, which reinforce its operational resilience. However, challenges in profitability and low return on equity present obstacles for future growth. The balance sheet remains 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	59.18B	59.50B	50.45B	36.93B	24.49B	16.81B
Gross Profit	63.16B	59.13B	47.69B	40.97B	29.60B	16.81B
EBITDA	2.73B	3.05B	4.19B	0.00	-3.50B	3.12B
Net Income	1.05B	1.25B	2.33B	30.82B	-15.44B	-5.08B
Balance Sheet
Total Assets	112.29B	112.29B	95.77B	80.94B	93.53B	87.26B
Cash, Cash Equivalents and Short-Term Investments	10.87B	10.87B	10.72B	8.12B	25.26B	16.20B
Total Debt	2.33B	2.33B	4.43B	8.41B	47.94B	49.40B
Total Liabilities	77.92B	77.92B	64.08B	54.16B	98.85B	84.28B
Stockholders Equity	25.16B	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: Neutral
• Last Price: 251.95
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 Neutral. The current price of 251.95 is below the 20-day moving average (MA) of 253.20, below the 50-day MA of 256.93, and above the 200-day MA of 246.58, indicating a neutral trend. The MACD of 0.93 indicates Negative momentum. The RSI at 48.90 is Neutral, neither overbought nor oversold. The STOCH value of 46.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	78 Outperform	₹67.12B	5.59	13.13%	2.59%	9.84%	9.30%
SOUTHBANK	69 Neutral	₹76.09B	5.71	12.89%	1.38%	10.26%	1.35%
RELIGARE	68 Neutral	₹83.31B	70.89	―	―	12.98%	-37.79%
EQUITASBNK	55 Neutral	₹64.62B	-63.11	2.42%	1.76%	13.47%	-115.98%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Religare Enterprises Limited Corporate Events

Religare Broking Limited’s Credit Rating Upgraded by CARE Ratings

Religare Enterprises Limited announced that CARE Ratings Limited has upgraded the credit rating for Religare Broking Limited’s credit facilities. This upgrade reflects improved financial and operational performance, enhancing the company’s market position and potentially benefiting stakeholders by increasing trust and investment opportunities.

Religare Enterprises Strengthens Board with New Appointments

Religare Enterprises Limited has announced the approval from the Reserve Bank of India for the appointment of three new Non-Executive and Non-Independent Directors, namely Mr. Arjun Lamba, Mr. Gurumurthy Ramanathan, and Mr. Suresh Mahalingam. This development, effective from July 08, 2025, is expected to enhance the governance structure of the company, potentially impacting its strategic direction and stakeholder confidence positively.