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Religare Enterprises Limited (IN:RELIGARE)
:RELIGARE
India Market
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Religare Enterprises Limited (RELIGARE) AI Stock Analysis

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IN:RELIGARE

Religare Enterprises Limited

(RELIGARE)

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Neutral 62 (OpenAI - 4o)
Rating:62Neutral
Price Target:
₹266.00
▲(0.62% 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.

Religare Enterprises Limited (RELIGARE) vs. iShares MSCI India ETF (INDA)

Religare Enterprises Limited Business Overview & Revenue Model

Company DescriptionReligare Enterprises Limited (RELIGARE) is a diversified financial services company based in India, primarily engaged in providing various financial solutions through its subsidiaries. The company operates across multiple sectors, including retail broking, asset management, insurance, and lending services. RELIGARE aims to empower individuals and businesses with a comprehensive suite of financial products and services designed to meet their investment, insurance, and financing needs.
How the Company Makes MoneyReligare 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 effective cash flow management, indicating operational resilience. However, challenges in profitability and return on equity could hinder future growth. The balance sheet is stable with adequate liquidity and balanced leverage.
Income Statement
78
Positive
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
65
Positive
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
83
Very Positive
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue72.59B73.81B62.70B36.93B24.49B25.04B
Gross Profit60.49B73.81B62.70B36.93B29.60B25.04B
EBITDA2.25B3.05B4.19B0.00-3.50B3.12B
Net Income974.65M1.25B2.33B30.82B-15.44B-5.08B
Balance Sheet
Total Assets0.00112.29B95.77B80.94B93.53B87.26B
Cash, Cash Equivalents and Short-Term Investments0.0010.87B10.72B7.98B25.26B16.20B
Total Debt0.002.33B4.43B8.41B49.37B49.40B
Total Liabilities-34.37B77.92B64.08B54.16B98.85B84.28B
Stockholders Equity34.37B25.16B23.43B20.58B-9.82B-470.86M
Cash Flow
Free Cash Flow0.0015.47B14.78B14.66B15.56B13.54B
Operating Cash Flow0.0015.72B15.00B15.06B15.96B13.73B
Investing Cash Flow0.00-11.85B-13.48B-9.39B-6.89B-11.81B
Financing Cash Flow0.00-2.85B-1.56B-20.79B5.59B-3.14B

Religare Enterprises Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price264.35
Price Trends
50DMA
254.05
Positive
100DMA
250.78
Positive
200DMA
242.61
Positive
Market Momentum
MACD
2.69
Negative
RSI
56.84
Neutral
STOCH
43.53
Neutral
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 264.35 is above the 20-day moving average (MA) of 258.42, above the 50-day MA of 254.05, and above the 200-day MA of 242.61, indicating a bullish trend. The MACD of 2.69 indicates Negative momentum. The RSI at 56.84 is Neutral, neither overbought nor oversold. The STOCH value of 43.53 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
₹85.46B6.291.09%8.09%2.68%
₹79.09B6.512.20%7.08%7.69%
$18.00B11.429.92%3.81%9.73%1.22%
₹85.93B73.1012.98%-37.79%
₹99.26B22.632.89%6.15%-64.12%
₹64.98B1.76%10.02%-120.18%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:RELIGARE
Religare Enterprises Limited
264.35
19.60
8.01%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
56.97
-12.16
-17.59%
IN:KTKBANK
Karnataka Bank Ltd.
178.50
-30.93
-14.77%
IN:SOUTHBANK
South Indian Bank Limited
36.62
12.72
53.22%
IN:TMB
Tamilnad Mercantile Bank Limited
499.45
67.49
15.62%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
51.84
13.04
33.61%

Religare Enterprises Limited Corporate Events

Religare Enterprises Confirms SEBI Compliance for Q3 2025
Oct 14, 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
Oct 1, 2025

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.

Religare Enterprises Announces 41st AGM Details
Sep 6, 2025

Religare Enterprises Limited announced the publication of a newspaper advertisement regarding its 41st Annual General Meeting (AGM) scheduled for September 29, 2025. This announcement is part of the company’s compliance with the applicable circulars issued by the Ministry of Corporate Affairs, and it was published in both English and Hindi newspapers. The publication of this notice ensures that stakeholders are informed about the AGM, which is a critical event for discussing the company’s performance and future strategies.

Religare Enterprises Schedules 41st AGM with E-Voting Facilities
Sep 6, 2025

Religare Enterprises Limited has announced its 41st Annual General Meeting (AGM) scheduled for September 29, 2025, to be conducted via video conferencing. The company has provided remote e-voting facilities for shareholders to participate in decision-making, with the engagement of KFin Technologies Limited to facilitate the process. The AGM will address key business matters, including the adoption of financial statements, director appointments, and the appointment of statutory auditors. This meeting is significant for stakeholders as it involves crucial resolutions impacting the company’s governance and financial transparency.

Religare Enterprises Announces Virtual AGM for 2025
Sep 5, 2025

Religare Enterprises Limited has announced that its 41st Annual General Meeting (AGM) will be held on September 29, 2025, via video conferencing. The company will distribute the Annual Report and financial statements for the year ending March 31, 2025, electronically to registered members, aligning with regulatory circulars. This move reflects the company’s adaptation to digital communication methods, potentially enhancing stakeholder engagement and operational efficiency.

Religare Enterprises Secures Approval for Convertible Warrants Issuance
Sep 3, 2025

Religare Enterprises Limited has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the issuance of 6,38,29,782 warrants on a preferential basis, which will be convertible into equity shares. This approval, following shareholder consent at an Extraordinary General Meeting, allows the company to raise approximately Rs. 1500 crore, potentially enhancing its financial position and market operations.

Religare Enterprises Announces Key Appointments and Financial Results
Aug 12, 2025

Religare Enterprises Limited announced several key decisions following its board meeting on August 12, 2025. The company approved its un-audited financial results for the quarter ended June 30, 2025, and confirmed the appointment of M/s J C Bhalla & Company as statutory auditors for the next two years, pending shareholder approval. Additionally, M/s PI & Associates were appointed as secretarial auditors for a five-year term. The company also appointed Mr. Pratul Gupta as interim Chief Financial Officer, and approved a letter of assurance for working capital requirements for two non-operational subsidiaries. These developments are expected to strengthen the company’s governance and operational framework, potentially enhancing its market position and stakeholder confidence.

Religare Enterprises Announces Key Appointments and Financial Results
Aug 12, 2025

Religare Enterprises Limited announced the appointment of Mr. Pratul Gupta as the Interim Chief Financial Officer, effective August 12, 2025. The board also approved the un-audited financial results for the quarter ending June 30, 2025, and the appointment of M/s J C Bhalla & Company as statutory auditors for the next two years. Additionally, M/s PI & Associates were appointed as secretarial auditors for a five-year term. The company also issued letters of assurance for working capital requirements to its non-operational subsidiaries.

Religare Enterprises Announces Key Board Decisions and Appointments
Aug 12, 2025

Religare Enterprises Limited announced key updates following its board meeting on August 12, 2025. The board approved the un-audited financial results for the quarter ending June 30, 2025, and appointed M/s J C Bhalla & Company as statutory auditors for the next two years, subject to shareholder approval. Additionally, M/s PI & Associates were appointed as secretarial auditors for a five-year term. The company also appointed Mr. Pratul Gupta as Interim Chief Financial Officer and approved the issuance of a letter of assurance for working capital requirements to its non-operational subsidiaries, MIC Insurance Web Aggregator Private Limited and Religare Care Foundation.

Religare Enterprises Limited Reports EGM Voting Results and Strategic Financial Initiatives
Aug 8, 2025

Religare Enterprises Limited held an Extraordinary General Meeting (EGM) on August 8, 2025, where voting results and the scrutinizer’s report were discussed. The meeting, conducted via video conferencing, included a special resolution for the issuance of warrants convertible into equity shares through preferential allotment. The resolution saw significant participation, with a majority of votes in favor, indicating strong shareholder support for the company’s strategic financial initiatives.

Religare Broking Limited’s Credit Rating Upgraded by CARE Ratings
Jul 29, 2025

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.

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.Date of analysis: Oct 10, 2025