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Religare Enterprises Limited
(RELIGARE)
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Rating:52Neutral
Price Target:
₹257.00
▼(-0.41% Downside)
Action:Reiterated
Date:08/18/26
The score is held up by improved financial footing and strong cash generation, but is materially pressured by weak technical momentum (price below key moving averages with bearish MACD and low RSI) and a very high P/E valuation, which increases downside risk if profitability does not stabilize.
Positive Factors
Strong Revenue Growth
Strong recent revenue growth indicates improving business momentum across Religare’s financial-services activities. If sustained, expanding revenue can support greater operating scale, strengthen distribution economics, and provide a broader base for rebuilding profitability over the next several quarters.
Negative Factors
Weak Profitability
Negative operating profit and a low net margin show that recent revenue momentum has not yet translated into dependable earnings. Persistently weak profitability could limit internal capital generation, reduce returns on the repaired balance sheet, and make future performance more sensitive to operating costs and credit outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong recent revenue growth indicates improving business momentum across Religare’s financial-services activities. If sustained, expanding revenue can support greater operating scale, strengthen distribution economics, and provide a broader base for rebuilding profitability over the next several quarters.
Read all positive factors
Religare Enterprises Limited (RELIGARE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹85.09B
Dividend Yield0.54%
Average Volume (3M)212.80K
Price to Earnings (P/E)170.9
Beta (1Y)0.33
Revenue Growth17.92%
EPS Growth-57.73%
CountryIN
Employees13,000
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Diversified
Share Statistics
EPS (TTM)1.49
Shares Outstanding332,890,470
10 Day Avg. Volume534,511
30 Day Avg. Volume212,796
Financial Highlights & Ratios
PEG Ratio-2.47
Price to Book (P/B)2.31
Price to Sales (P/S)0.80
P/FCF Ratio2.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Religare Enterprises Limited Business Overview & Revenue Model
Company Description
Religare Enterprises Limited functions as an investment holding company, conducting operations across India and globally. The firm provides a broad spectrum of financial and ancillary services, including brokerage for equities, currencies, and com...
How the Company Makes Money
RELIGARE primarily makes money through income and fees generated by its financial-services businesses held via subsidiaries/associates. Key revenue streams typically include: (1) Lending/financing: net interest income (interest earned on loans and...
Religare Enterprises Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.81B | 84.31B | 73.18B | 61.91B | 43.19B | 31.89B |
| Gross Profit | 68.17B | 67.52B | 48.64B | 40.74B | 36.93B | 24.49B |
| EBITDA | 120.68M | 1.34B | 3.39B | 6.10B | 39.41B | -2.38B |
| Net Income | 495.52M | 859.58M | 1.25B | 2.33B | 869.31M | -15.44B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 145.06B | 112.29B | 95.77B | 80.94B | 93.53B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 17.03B | 10.87B | 10.72B | 7.98B | 25.26B |
| Total Debt | 0.00 | 4.93B | 2.33B | 4.43B | 8.41B | 49.37B |
| Total Liabilities | -38.78B | 106.28B | 77.92B | 64.08B | 54.16B | 98.85B |
| Stockholders Equity | 38.78B | 29.08B | 25.16B | 23.43B | 20.58B | -9.82B |
Cash Flow | ||||||
| Free Cash Flow | 2.47B | 25.80B | 15.47B | 14.78B | 14.66B | 15.56B |
| Operating Cash Flow | 2.55B | 25.93B | 15.72B | 15.00B | 15.06B | 15.96B |
| Investing Cash Flow | -8.46B | -29.04B | -11.85B | -13.48B | -9.39B | -6.89B |
| Financing Cash Flow | 5.11B | 6.45B | -2.85B | -1.56B | -20.79B | 5.59B |
Religare Enterprises Limited Technical Analysis
Positive
258.05
Price Trends
249.96
Positive
242.50
Positive
237.78
Positive
Market Momentum
2.23
Negative
61.20
Neutral
88.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELIGARE, the sentiment is Positive. The current price of 258.05 is above the 20-day moving average (MA) of 238.67, above the 50-day MA of 249.96, and above the 200-day MA of 237.78, indicating a bullish trend. The MACD of 2.23 indicates Negative momentum. The RSI at 61.20 is Neutral, neither overbought nor oversold. The STOCH value of 88.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RELIGARE.
Religare Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹107.24B | 18.54 | ― | 0.88% | -4.46% | -19.71% | |
67 Neutral | ₹124.64B | 11.82 | ― | 2.53% | -2.59% | -5.88% | |
62 Neutral | ₹277.87B | 26.25 | ― | 1.69% | 9.28% | 3.02% | |
60 Neutral | ₹636.66B | 31.94 | ― | 0.57% | 14.81% | -29.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹85.09B | 170.88 | ― | 0.54% | 17.92% | -57.73% | |
49 Neutral | ₹125.89B | 18.73 | ― | 1.08% | 16.27% | 44.44% |
* General Sector Average
IN:RELIGARE
Religare Enterprises Limited
254.65
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0.57%
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IN:JMFINANCIL
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IN:MOTILALOFS
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Religare Enterprises Limited Corporate Events
Religare Says SEBI Order Upheld as SAT Dismisses Appeal
Sep 1, 2026
Religare Enterprises Limited has reported that an appeal filed against a Securities and Exchange Board of India order dated February 14, 2025 has been dismissed by the Securities Appellate Tribunal. The tribunal heard the matter in detail and, thr...
Religare Board Clears Q1 FY27 Results and Elevates Arjun Lamba to MD
Aug 12, 2026
Religare Enterprises Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a limited review by its statutory auditors. The auditors’ report indicates no ...
Religare Board Clears Strong Q1 FY27 Results, Elevates Arjun Lamba to Managing Director
Aug 12, 2026
Religare Enterprises Limited reported that its board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, after a limited review by its statutory auditors, indicating robust performance and ...
Religare Board Clears Q1 FY27 Unaudited Standalone Results After Limited Review
Aug 12, 2026
Religare Enterprises Limited’s board has approved the unaudited standalone financial statements for the quarter ended June 30, 2026, in a meeting held on August 12, 2026. The results have been prepared in line with SEBI’s listing regul...
Religare Extends Rajender Mohan Malla’s Tenure as Non-Executive Chairperson
Jul 8, 2026
Religare Enterprises Limited has announced that its Board has extended the tenure of independent director Rajender Mohan Malla as Non-Executive Chairperson for the quarter from July 1, 2026 to September 30, 2026. The decision continues the company...
Religare injects ₹1.20 billion into Care Health Insurance via rights issue
Jul 8, 2026
Religare Enterprises Limited has increased its stake in its subsidiary Care Health Insurance Limited by subscribing to 7,480,324 equity shares in CHIL’s rights issue. The shares, with a face value of ₹10 and a premium of ₹150, we...
Religare Gains Key Exchange Clearances for Scheme of Arrangement With Religare Finvest
Jul 7, 2026
Religare Enterprises Limited has announced that it has received observation letters from the National Stock Exchange of India Limited and BSE Limited indicating no objection and no adverse observations, respectively, to its proposed scheme of arra...
Religare Housing Finance arm appoints Pavan Kumar Gupta as MD & CEO
Jun 25, 2026
Religare Enterprises Limited has announced that the board of its step-down subsidiary, Religare Housing Development Finance Corporation Limited, has appointed industry veteran Pavan Kumar Gupta as Managing Director and Chief Executive Officer, eff...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.