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Religare Enterprises Limited (RELIGARE) AI Stock Analysis
Religare Enterprises Limited
(NSE:RELIGARE)
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.
Religare Enterprises Limited (RELIGARE) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 72.46B
- Dividend Yield
- ―
- Average Volume (3M)
- 226.33K
- Price to Earnings (P/E)
- 142.5
- Beta (1Y)
- 0.41
- Revenue Growth
- 17.92%
- EPS Growth
- -57.73%
- Country
- India
- Employees
- 11,000
- Sector
- General
- Sector Strength
- 55
- Industry
- Insurance - Diversified
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 commod...
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 fi...
Religare Enterprises Limited Financial Statement Overview
Summary
Financials show a recovery profile supported by strong cash generation (cash flow score 78) and improved balance-sheet health (balance sheet score 64). The main drag is volatile and weakening profitability, including negative operating profit in FY2026 and low net margins (income statement score 58), which keeps the overall financial performance in the mid-range despite strong revenue momentum.
Income Statement
58NeutralBalance Sheet
64PositiveCash Flow
78Positive| 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 | 3.41B | 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 | 145.06B | 112.29B | 95.77B | 80.94B | 93.53B |
| Cash, Cash Equivalents and Short-Term Investments | 0 | 17.03B | 10.87B | 10.72B | 7.98B | 25.26B |
| Total Debt | 0 | 4.93B | 2.33B | 4.43B | 2.07B | 47.94B |
| 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
Price Trends
Market Momentum
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 212.45 is below the 20-day moving average (MA) of 217.98, below the 50-day MA of 233.27, and below the 200-day MA of 235.68, indicating a bearish trend. The MACD of -6.76 indicates Negative momentum. The RSI at 37.28 is Neutral, neither overbought nor oversold. The STOCH value of 58.70 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
Overall Rating
IN:ANGELONE79Outperform
IN:IIFLCAPS69Neutral
IN:JMFINANCIL59Neutral
IN:MOTILALOFS54.6Neutral- IN:RELIGARE52Neutral
IN:EDELWEISS46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:ANGELONE | 79Outperform | INR 258.83B | 22.26 | ― | 2.28% | 21.45% | 46.53% |
| IN:IIFLCAPS | 69Neutral | INR 109.58B | 17.74 | ― | 0.86% | 7.60% | 3.87% |
| IN:JMFINANCIL | 59Neutral | INR 103.21B | 9.91 | ― | 3.02% | -2.59% | -5.88% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:MOTILALOFS | 55Neutral | INR 564.99B | 21.02 | ― | 0.64% | 44.44% | 32.75% |
| IN:RELIGARE | 52Neutral | INR 72.50B | 142.52 | ― | ― | 17.92% | -57.73% |
| IN:EDELWEISS | 46Neutral | INR 114.72B | 16.35 | ― | 1.24% | 16.27% | 44.44% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:RELIGARE | Religare Enterprises Limited | 212.45 | -53.90 | -20.24% | |
| IN:ANGELONE | Angel One Limited | 283.00 | 32.69 | 13.06% | |
| IN:EDELWEISS | Edelweiss Financial Services Limited | 121.20 | 7.16 | 6.28% | |
| IN:IIFLCAPS | IIFL Capital Services Ltd | 347.50 | 12.52 | 3.74% | |
| IN:JMFINANCIL | JM Financial Limited | 107.85 | -55.46 | -33.96% | |
| IN:MOTILALOFS | Motilal Oswal Financial Services Limited | 937.00 | -64.37 | -6.43% |
Religare Enterprises Limited Corporate Events
Religare opens special window to dematerialise legacy physical shares
Religare Enterprises Limited has announced that, in line with a recent SEBI circular, a special one-year window has been opened from February 5, 2026 to February 4, 2027 for the transfer and dematerialisation of its physical securities that were sold...
Religare Confirms SEBI Compliance on Securities Dematerialisation for Q2 FY26
Religare Enterprises Limited has reported that it has received a compliance certificate from its registrar and share transfer agent KFin Technologies Limited for the quarter ended September 30, 2026. The certificate confirms adherence to Regulation 7...
Religare Extends Rajender Mohan Malla’s Term as Non-Executive Chairperson
Religare Enterprises Limited has reiterated its governance framework under which the board selects one of its members as chairperson on a rotational basis for each calendar quarter, reflecting a structured approach to board leadership. This model und...
Religare Says SEBI Order Upheld as SAT Dismisses Appeal
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, throug...
Religare Board Clears Q1 FY27 Results and Elevates Arjun Lamba to MD
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 mat...
Religare Board Clears Strong Q1 FY27 Results, Elevates Arjun Lamba to Managing Director
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 str...
Religare Board Clears Q1 FY27 Unaudited Standalone Results After Limited Review
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 regulati...
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: Aug 18, 2026