Religare Enterprises Ltd - Stock Valuation and Financial Performance

BSE: 532915 | NSE: RELIGARE | Finance - Investment | Small Cap

Religare Enterprises Share Price

211.45 -2.50 -1.17%
as on 19-Mar'24 12:00

DeciZen - make an informed investing decision on Religare Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Religare Enterprises stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
7,054.4 Cr.
52-wk low:
135.7
52-wk high:
280.3

Is Religare Enterprises Ltd an attractive stock to invest in?

1. Is Religare Enterprises Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Religare Enterprises Ltd is a below average quality company.

2. Is Religare Enterprises Ltd undervalued or overvalued?

The key valuation ratios of Religare Enterprises Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Religare Enterprises Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Religare Enterprises Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Religare Enterprises:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Religare Enterprises Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)18510812534.6153.72.76.217.82312
YoY Gr. Rt. %--41.3%15.8%-72.4%-56.7%-75.2%-26.6%126%188%29.3%-
Adj EPS (₹ ) -8.7-5.84.7-8.9-18.3-6.7-122.5-0.8-0.3-0.9
YoY Gr. Rt. %-NANA-290%NANANANA-133.2%NA-
BVPS (₹ )135.6136.314110484.572.158.560.96766.264.6
YoY Gr. Rt. %-0.5%3.5%-26.2%-18.8%-14.7%-18.8%4%10.1%-1.3%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)-2.4-1.81.6-3.6-9.8-5.8-13.43-1.2-0.40

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income-20.7%8.9%103.4%29.3%
Adj EPSNANANANA
BVPS-7.7%-4.8%4.2%-1.3%
Share Price -3.4% 46.9% 36.1% 40.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Margins
Net Profit Margin (%)-70.2-95.666.9-460.3-2178.2-3925.401037.9-146.3-45-257.1
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)-6.2-4.63.4-7.3-19.4-9.5-20.24.1-1.4-0.5-1.4

Recent Performance Summary

Total Income has increased 103.42 CAGR in last 3 years

Return on Equity is Poor

Net Profit has declined 0.00 CAGR in last 3 years

Total income growth is poor in last 4 quarters

Latest Financials - Religare Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) -0.9 108.9
TTM Sales (₹ Cr.) 11.8 576
BVPS (₹.) 64.6 67.8
Reserves (₹ Cr.) 1,801 1,906
P/BV 3.31 3.16
PE 0.00 1.97
From the Market
52 Week Low / High (₹) 135.70 / 280.30
All Time Low / High (₹) 17.05 / 703.08
Market Cap (₹ Cr.) 7,054
Equity (₹ Cr.) 329.7
Face Value (₹) 10
Industry PE 44.8

Management X-Ray of Religare Enterprises:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Religare Enterprises

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income2771151263574356111930136
Interest Income18510812535154361823
Other Income 9361159315811312113
Expenditure 3192071191824071812015456146
Interest Expense 223194110156574564212
Operating Expenses 1612925563534344354
Provisions 80101295101161161179
Exceptional Items -81092-1100-170000
Profit Before Tax -122-9399-158-333-146-31064-27-10
Taxes 711161-7000-10
Profit After Tax -129-10484-159-326-146-31064-26-10
Adjusted EPS (₹)-8.7-5.84.7-8.9-18.3-6.7-12.02.5-0.8-0.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital2,0852,4562,5401,8821,5081,5641,5111,5792,1382,142
Share Capital 206203203205178217258259319324
Reserves 1,8802,2532,3371,6771,3301,3471,2521,3201,8191,818
Minority Interest0000000000
Long Term Borrowings2,8962,1461,5911,2273222741122
Current Liabilities 6311,2005391,005734551637505270248
Trade Payables5331511101611187
Short term borrowings014037053854838133333784207
Other Liabilities-5-143-373-552-559-295-349-348-101-213
Total Liabilities 5,6125,8024,6704,1152,5652,4842,1492,0852,4102,392

Assets

Non Current Asset 5,2405,3874,4214,0302,5172,4542,1322,0002,0602,277
Loan Asset 0000000000
Other Non Current Asset 5,2405,3874,4214,0302,5172,4542,1322,0002,0602,277
Current Asset 3714142498548301785350115
Current Investment369022311028655
Other Current Asset36940824085262716756460
Total Assets 5,6125,8024,6704,1152,5652,4842,1492,0852,4102,392

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -67479-9393-262-26-10-1-19-35
Cash Flow From Investing Activity -11600-51493-86-53-63-31143
Cash Flow From Financing Activity 229-55294-41-233115607432025
Net Cash Flow 47-7311-13-310-1033
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)-9-65-9-18-7-122-10
DPS (₹)0000000000
BVPS (₹)136136141104857259616766

Performance Ratios

ROA (%)-2.4-1.81.6-3.6-9.8-5.8-13.43.0-1.2-0.4
ROE (%)-6.2-4.63.4-7.3-19.4-9.5-20.24.1-1.4-0.5
ROCE (%)2.82.96.4-0.1-10.6-5.0-15.73.7-1.20.1

Valuation Parameters

Price/Book(x)2.42.52.02.10.60.40.31.41.92.2

Religare Enterprises Ltd Stock News

Religare Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Religare Enterprises on 19-Mar-2024 12:00 is ₹211.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 12:00 the market cap of Religare Enterprises stood at ₹7,054.4.
The latest P/E ratio of Religare Enterprises as of 19-Mar-2024 12:00 is 0.00.
The latest P/B ratio of Religare Enterprises as of 19-Mar-2024 12:00 is 3.31.
The 52-week high of Religare Enterprises is ₹280.3 and the 52-week low is ₹135.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Religare Enterprises is ₹11.80 ( Cr.) .

About Religare Enterprises Ltd

Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.

The company offers a wide range of investment options and financial services. REL has pan India presence spanning across 1550 locations in 460 cities and towns.

The company has acquired two hundred years old brokerage and investment firm- Hichens, Harrison & Co. plc. This company was founded in 1803 in London. Today this firm is part of REL and renamed as Religare Hichens Harrison plc (RHH). RHH currently operates in 10 countries across the globe.

The company provides various services through its subsidiaries and associate companies namely Religare Securities, Religare Commodities, Religare Realty, Religare Capital Markets, Religare Hichens Harrison, Religare Finvest, Religare Insurance Broking, Religare Arts Initiative, Religare Venture Capital and Religare Asset Management

The company has taken initiatives and formed various companies such as Vistaar Religare Film Fund is a venture between REL and Vistaar Entertainment Ventures to fund films; REL’s Femme Power is an independent financial advisory platform managed by women, for women and BANCINVEST is building a relation with large private and public sector banks to offer online/ offline equities and portfolio management services.

For BANCINVEST the company has partnership with various banks namely Karur Vyas, IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank, Bank of Rajasthan, Vijay Co-operative Bank, etc.

REL has forayed in life insurance by entering into partnership with Aegon which is one of the world's largest life insurance and pension groups. This joint venture has formed a company named as Aegon Religare Life Insurance Company

Products and Services

Retail- Under this it provides products and services in area of equity trading, commodities trading, mutual funds, personal financial services, consumer finance and insurance. It also provides bonds, deposits, IPOs and small saving scheme. The company also has online investment portal www.religareonline.com that makes available all the investment options online.

Wealth- Under this the company provides wealth management services, portfolio management services and advisory services.

Institutional- The company provides range of services such as broking, investment banking and insurance advisory to institutional customers.

Assets Management- The company has acquired Lotus India Asset Management and renamed as Religare Asset management Company.

REL  entered into an IT infrastructure services agreement with IBM for deploying three energy-efficient and green Scalable Modular Data Centers (SMDCs) at a cost of $3.1 million.

Awards

2013•Religare Health Insurance has been awarded the ‘Editor’s Choice Award’ by Finnoviti for ‘Innovation in Product- Care’.

•Religare's  online Investor Education Initiative ‘www.smarterwithmoney.in’ has been conferred with ‘The Futurist Marketing Hall of Fame Award’.

•In Charge – Metals, Energy & Currency Research, Religare Securities Limited was conferred with ‘India’s Best Market Analyst- Commodities Technicals’ Award at ‘Zee India’s best Market Analyst Awards 2013’.

•The Indian Insurance Awards, has awarded AEGON Religare Life Insurance (ARLI) as the ‘E-Business Leader’ under the category of Overall Insurance Industry Awards.

•Religare Health Insurance has been awarded the ‘Technology Innovation in Health Insurance Award’ at the prestigious ‘Indian Insurance Awards - 2013’.

2012

•Religare Finvest Limited has been awarded the Finnoviti 2012 award in the “Innovation in Process” category.

•Religare Securities Limited has been awarded the 'Best Investor Education & Category Enhancement – Currency Broker' at the Bloomberg UTV Financial Leadership Awards.

•Religare Commodities Limited has been awarded the 'Best Commodity Broker' at the Bloomberg UTV Financial Leadership Awards.

2011

•Religare Capital Markets has been adjudged the 'Most Improved Brokerage in the Last 12 Months' by Asia Money Brokers Poll.
•Religare Broking TVC (archery creative) won Silver Abby in the Sound and Design craft category at Goafest 2011.
•Religare Capital Markets Limited has been awarded the coveted Starmine award for the 'Best Brokerage Research House'.
•Religare Commodities Ltd has been awarded the ''The Best Commodity Broker of the year'' at the Bloomberg UTV''s financial Leadership awards.
•Religare Enterprises Ltd presented the the Best Retail Marketing Campaign of the Year 2010 at Asia Retail Congress.
•Religare Enterprises Ltd received the coveted Master Brand Award for 2010 and Best Marketing Campaign of the year at World Brand Congress 2010.

2010
•Religare Securities Limited was awarded the 'Best Broking House with a Global Presence' by Dun and Bradstreet for 2010.
•Religare Tax Plan awarded the first runner up for NDTV mutual fund awards in the Equity Tax plan Category.
•Religare Capital Markets Ltd was awarded Best Deal in the Health Care Category for Acquisition of stake in Parkway Holdings Ltd by Fortis Health Care Ltd in the HealthCare/ Life Sciences Category.
•Religare awarded Greentech HR Excellence Awards, 2010 in 2 categories - Innovation in Recruitment & Technology Excellence in HR.
•Mr. Sunil Godhwani, conferred the ''Indian Business Leader of the Year'' award at the Global Indian Business Meeting hosted by Horasis.

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