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Religare Enterprises Ltd (RELIGARE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

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

Religare Enterprises Share Price

221.60 -3.70 (-1.64%)
As on 30-Apr'26 16:59

Religare Enterprises Ltd (RELIGARE)

BSE: 532915 NSE: RELIGARE
Key Metrics
Market Cap
₹7,377 Cr.
Earnings Per Share (TTM)
₹-1.18
P/E Ratio
0.00
Price to Book (P/B)
2.96
EV/EBITDA
-400.38
Current Price
₹221.6
Return on Capital Employed (ROCE)
-1.18%
Return on Equity (ROE)
-1.78%
Return on Assets (ROA)
-1.62%
Gross NPA(%)
0.00
Book Value per Share
₹74.8
Net NPA(%)
0.00
Dividend Yield
0.00%
Net Interest Income Growth (1 Year)
NA%
Net Interest Income Growth (3 Years)
-183.81%
52-Week Low / High
₹197 / 314
Book Value Growth (1 Year)
-1.63%
Book Value Growth (3 Years)
-1.93%

Check Before You Invest

Q.1 Stock return of Religare Enterprises Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of -2.3% based on the current price.
Q.1 Does its ROIC exceed its WACC?
Religare Enterprises Ltd return on invested capital (ROIC) is -1.22% for FY-2025, is lower than its estimated weighted average cost of capital (WACC) of 13.5%, indicating value erosion.
Q.1 Which industry/sub-sector does Religare Enterprises Ltd belong to?
Religare Enterprises Ltd belongs to the BFSI sector, operating specifically within the Finance - Investment segment.
Q.1 Total Income growth of Religare Enterprises Ltd?
Religare Enterprises Ltd Operating Income growth is -46.86% for FY-2025, which is below its 5-year CAGR of 18.05%, indicating slower growth.
Q.1 Promoter shareholding and pledge status of Religare Enterprises Ltd?
Promoters hold 30.27% of the Religare Enterprises Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 AUM Growth of Religare Enterprises Ltd vs Industry Peers?
Religare Enterprises Ltd AUM CAGR is 0.85%, compared to the 5-year industry median CAGR of 9.45%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Religare Enterprises

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Religare Enterprises stock performance

Key Ratios
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Is Religare Enterprises Ltd an attractive stock to invest in?


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10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)12534.6153.72.76.217.823.811.86.32
YoY Gr. Rt. %--72.4%-56.7%-75.2%-26.6%126%188%33.9%-50.5%-46.9%-
Adj EPS (₹ ) 4.7-8.9-18.3-6.7-122.5-0.8-0.5-2-1.1-1.2
YoY Gr. Rt. %--290%NANANANA-133.2%NANANA-
BVPS (₹ )14110484.572.158.560.96766.364.363.274.8
YoY Gr. Rt. %--26.2%-18.8%-14.7%-18.8%4%10.1%-1%-3.1%-1.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.6-3.6-9.8-5.8-13.43-1.2-0.6-2.7-1.60

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income-28.3%18.1%-29.4%-46.9%
Adj EPS-185.4%NANANA
BVPS-8.5%1.6%-1.9%-1.6%
Share Price -2.3% 21.2% 11.4% 7.6%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Margins
Net Profit Margin (%)66.9-460.3-2178.2-3925.401037.9-146.3-63.4-554.7-600-2270.6
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)3.4-7.3-19.4-9.5-20.24.1-1.4-0.7-3.1-1.8-1.9

Recent Performance Summary

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Latest Financials

Standalone Consolidated
TTM EPS (₹) -1.2 3.1
TTM Sales (₹ Cr.) 1.7 830
BVPS (₹) 74.8 86.4
Reserves (₹ Cr.) 1,782 2,543
P/BV 2.96 2.56
PE 0.00 71.72
From the Market
52 Week Low / High (₹) 197.00 / 314.15
All Time Low / High (₹) 17.05 / 703.08
Market Cap (₹ Cr.) 7,377
Equity (₹ Cr.) 332.9
Face Value (₹) 10
Industry PE 51

Management X-Ray

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 (%)

Valuation of Religare Enterprises - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 12635743561119302572770
Interest Income12535154361824126
Other Income 012951011611611205941
Exceptional Items 11593158113122331564
Expenditure + 119182407181201545627298111
Interest Expense 1101565745642122515
Operating Expenses 9255635343443556455
Provisions 012951011611611205941
Exceptional Items 92-1100-17000000
Profit Before Tax 99-158-333-146-31064-27-15-72-41
Taxes 161-7000-1-0-7-4
Profit After Tax 84-159-326-146-31064-26-15-65-38
Adjusted EPS (₹)4.7-8.9-18.3-6.7-12.02.5-0.8-0.5-2.0-1.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +2,5401,8821,5081,5641,5111,5792,1382,1472,1202,090
Share Capital 203205178217258259319324330331
Reserves 2,3371,6771,3301,3471,2521,3201,8191,8231,7901,759
Short term borrowings3705385483813333378420712435
Long Term Borrowings1,5911,22732227411213130100
Current Liabilities 5391,00573455163750527023815153
Trade Payables3151110161118766
Other Liabilities-373-552-559-295-349-348-101-214-126-41
Total Liabilities 4,6704,1152,5652,4842,1492,0852,4102,3982,4052,242

Assets

Non Current Asset +4,4214,0302,5172,4542,1322,0002,0602,2782,3382,232
Loan Asset 00000000600
Other Non Current Asset 4,4214,0302,5172,4542,1322,0002,0602,2782,2782,232
Current Asset +24985483017853501206710
Current Investment9022311028655520
Other Current Asset240852627167564651510
Total Assets 4,6704,1152,5652,4842,1492,0852,4102,3982,4052,242

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -9393-262-26-10-1-19-40-7273
Cash Flow From Investing Activity 0-51493-86-53-63-31161959
Cash Flow From Financing Activity 94-41-23311560743201136-131
Net Cash Flow 11-13-310-1033-272

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)4.70-8.90-18.30-6.70-122.50-0.80-0.50-2-1.10
DPS (₹)0000000000
BVPS (₹)14110484.572.158.560.96766.364.363.2

Performance Ratios

ROA (%)1.6-3.6-9.8-5.8-13.43.0-1.2-0.6-2.7-1.6
ROE (%)3.4-7.3-19.4-9.5-20.24.1-1.4-0.7-3.1-1.8
ROCE (%)6.4-0.1-10.6-5.0-15.73.7-1.2-0.1-2.0-1.2

Valuation Parameters

Price/Book(x)2.02.10.60.40.31.41.92.23.33.7

Top 5 Mutual Funds Holding

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Religare Enterprises Ltd FAQs

The current trading price of Religare Enterprises on 30-Apr-2026 16:59 is ₹221.6.

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 29-Apr-2026 the market cap of Religare Enterprises stood at ₹7,376.9 Cr

The latest P/E ratio of Religare Enterprises as of 29-Apr-2026 is 0.00.

The latest P/B ratio of Religare Enterprises as of 29-Apr-2026 is 2.96.

The 52-week high of Religare Enterprises is ₹314.1 and the 52-week low is ₹197.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Religare Enterprises is ₹1.73 ( Cr.) .

About Religare Enterprises Ltd

Religare Enterprises (REL) is a diversified financial services group present across three verticals. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking. REL is listed on the BSE (formerly Bombay Stock Exchange) and National Stock Exchange (NSE) in India. As a group, Religare caters to diverse segments of the market from mass retail to affluent, SMEs to mid-size corporates. 

Operating Businesses

  • SME Finance: Religare Finvest is one of the largest NBFC’s in india focused on lending to SME’s.
  • Affordable Housing Finance: Religare Finvest also houses Religare Housing Development Finance Corporation, which is an affordable Housing Finance Company registered with the National Housing Bank. 
  • Health Insurance: Care Health Insurance is one of the fastest growing Standalone Health Insurance companies catering to individuals and institutions. Besides Religare, Union Bank of India and Corporation Bank are also partners.
  • Retail Broking: Religare Broking (RBL) is one of the leading multi-asset class broking and retail distribution platforms with an Omni channel presence. (Commodity broking operated through Religare Commodities, a subsidiary of RBL).

Business area of the company 

The company is a Core Investment Company registered with the Reserve Bank of India (RBI) with a significant presence across various verticals. It offers a comprehensive suite of financial services through its subsidiaries and operating entities, spanning MSME lending, affordable housing finance, health insurance, and retail broking. 

Awards and Accolades

2008

  • Religare Enterprises Ltd: ‘Best IPO Listing’ – Outlook Money NDTV Profit
  • Religare Securities Ltd: ‘LIPPER-STARMINE Award’ for Excellence in Research – Thomson Reuters

2009

  • Religare Enterprises Ltd.: ‘Brand Excellence Award’ in the ‘Banking and Financial services category’ – The World Brand Congress 2009
  • Religare Macquarie Private Wealth Ltd.: ‘Most Exciting New Wealth Management Model’ – Private Banker International (PBI) Global Wealth Awards 2009
  • Religare Capital Markets Ltd.: Institutional equities division was ranked 7th in the ‘Best Local Brokerage’ category and 5th in the ‘Most Improved Brokerage’ category – Asia Money: Brokers Poll 2009
  • Religare Securities Ltd.: ‘Best Broking House-With a Global Presence’ – Dun and Bradstreet Awards 2010
  • Religare Enterprises Ltd.: ‘Best Financial Services Firm’ – Amity Corporate Excellence Award
  • Religare Enterprises Ltd.: ‘Excellence Award’ – Institute of Economic Studies at Indian Habitat Centre
  • AEGON Religare Life Insurance Co. Ltd: The only company to win an award in the ‘Best Integrated Campaign in the Financial Services’ category – Goafest 2009 Abby Awards
  • AEGON Religare Life Insurance Co. Ltd: ‘Gold Award’ in the category ‘Outdoor Media Plan of the Year’ for its debut campaign K.I.L.B.(Kum Insurance Lene ki Bimari) – Outdoor Advertising Convention (OAC) 2009

2010

  • Religare Securities Ltd.: ‘Best Broking House witha Global Presence’ – Dun and Bradstreet Awards 2010
  • Religare Mutual Fund’s Tax Plan: First runnerup for NDTV mutual fund awards in the Equity Tax plan Category
  • Religare Capital Markets Ltd.: Best Deal in theHealth Care Category for Acquisition of stake in Parkway Holdings Ltd byFortis Health Care Ltd.
  • Religare – ‘Greentech HR Excellence Awards 2010’ in 2categories – ‘Innovation in Recruitment & Technology Excellence in HR

2011

  • In Charge- Metals, Energy & Currency Research, Religare Securities Ltd.: Indias Best Market Analyst- Commodities EnergyAward - Zee Indias Best Market Analyst Awards 2011
  • Religare Capital Markets Ltd.: Most Improved Brokerage in the Last 12 Months- Asia Money Brokers Poll 2011
  • Religare Broking TVC (archery creative) Silver Abbyin the Sound and Design Craft Category -Goafest 2011
  • Religare Capital Markets Ltd.: Best Brokerage Research House Award- Starmine Awards 2011
  • Religare Commodities Ltd.: Best Commodity Broker of the year'- Bloomberg UTV''s Financial Leadership Awards 2011
  • Religare Enterprises Ltd.: Best Retail Marketing Campaign of the Year- Asia Retail Congress 2010
  • Religare Enterprises Ltd.: Master Brand AwardandBest Marketing Campaign of the Year- World Brand Congress 2010

2012

  • Religare Finvest Ltd.: Finnoviti 2012 Award for the‘Innovation in Process’ category
  • Religare Securities Ltd.: ‘Best Investor Education& Category Enhancement – Currency Broker’ – Bloomberg UTV FinancialLeadership Awards 2012
  • Religare Commodities Ltd.: ‘Best Commodity Broker’ – BloombergUTV Financial Leadership Awards 2012

2013

  • Religare Health Insurance Co. Ltd.: ‘Editor’s ChoiceAward’ for ‘Innovation in Product- Care’ – Finnoviti 2013
  • In Charge- Metals, Energy & Currency Research,Religare Securities Ltd.: ‘India’s Best Market Analyst- CommoditiesTechnicals’ Award – Zee India’s Best Market Analyst Awards 2013
  • AEGON Religare Life Insurance Co. Ltd.:‘E-Business Leader’ under the ‘Overall Insurance Industry Awards Category’ – IndianInsurance Awards 2013
  • Religare Health InsuranceCo. Ltd.: ‘Technology Innovation in Health Insurance Award’– Indian InsuranceAwards 2013

2014

  • Religare Invesco Asset Management Co. Pvt. Ltd.: ‘Lipper Fund Award 2014’ for ‘the Best Fund in the Mid & the Small Cap-Growth Category’
  • Religare Securities Ltd.: ‘Gold Award’ for ‘the best integrated marketing campaign for internal communications’ – Asian Customer Engagement Forum Awards 2014
  • AEGON Religare Life Insurance Co. Ltd.: ‘E-Business Leader Award’ under the category of ‘Overall Insurance Industry Awards’ – The Indian Insurance Awards 2014
  • Religare Health Insurance Co. Ltd.: ‘Rising Star Insurer Award’ – The India Insurance Awards 2014

2015

  • Religare Securities Ltd: ‘NSDL Star Performer Awards – 2015’ – Top Performer in New Account Opened (Non- Bank Category) – 1st Position and Best Performer in Account Growth Rate
  • Religare Securities Ltd: ‘NSDL Star Performer Awards – 2015’ – Leader in Go Green Initiative
  • Religare Enterprises Ltd.: ‘Hot 50 Brand – 2015’ Award – in the ‘Delhi Brand Summit – 2015’ by Paul Writer
  • Religare Health Insurance Co. Ltd.: ‘FICCI Healthcare Excellence Award – 2015’ under the category ‘Medical Insurance Products’
  • Religare Health Insurance Co. Ltd.: ‘Innovative Social Media Campaign’ under General Insurance category – The India Insurance Awards 2015
  • Religare Commodities Ltd.: ‘Skoch BSE Award For Aspiring India 2015’ under the category ‘Thought Leadership For Commodity Broking’
  • Religare Securities Ltd.: ‘Skoch BSE Award For Aspiring India 2015’ under the category ‘Leveraging Digital and Technology for Business Growth’
  • Religare Commodities Ltd.: ‘ASSOCHAM Excellence Award 2015’ for outstanding contribution to Commodity Markets
  • Religare Health Insurance Co. Ltd.: ‘Best Health Insurance Company Award’ – ABP News BFSI Awards 2015

2016

  • Religare Securities Ltd.: ‘NSDL Star Performer Awards – 2016’ Top Performer in New Account Opened (Non- Bank Category) and Best Performer in Account Growth Rate
  • Religare Health Insurance Co. Ltd.: ‘Social Media Initiative of the Year’ award under the ‘Overall’ category – ‘The India Insurance Awards 2016’
  • Religare Finvest Ltd.: ‘ERM Leadership Awards 2016’ under the category ‘The Most Innovative Risk Management Strategy’
  • Religare Finvest Ltd.: ‘CIBIL Data Quality Award 2016’ under the category ‘Fast and Upcoming’ – outstanding data quality score improvement during the year 2015

2017

  • Religare Securities Ltd.: ‘NSDL Star Performer Awards – 2017’ Top Performer in New Account Opened (Non- Bank Category)
  • Religare Commodities Ltd.: ‘Krishi Pragati Award, 2017’ by NCDEX for ‘Outstanding Contribution’ in NCDEX Agri
  • Religare Commodities Ltd.: ‘Skoch BSE Award – Order of Merit, 2017’ under the category ‘Training and Innovation’
  • Religare Finvest Ltd.: ‘Great Place to Work-Certified™’ by the Great Place to Work Institute
  • Religare Finvest Ltd.: ‘CIBIL Commercial Bureau Data Quality Award 2017’ under the ‘NBFC’ category
  • Religare Finvest Ltd.: ‘Dream Employer of the Year Award’ at ‘Times Ascent World HRD Congress 2017’
  • Religare Finvest Ltd.: ‘Dream Companies to Work For Award’ under the category ‘Financial Services’ – ‘Times Ascent World HRD Congress 2017’
  • Religare Finvest Ltd.: ‘Ranked 50 – Dream Company to Work For’ under the category ‘Overall’ – ‘Times Ascent World HRD Congress 2017’
  • Religare Enterprises Ltd.: ‘Corporate Excellence Award for the Most Iconic Brand of the Year’ at – ‘INBUSH ERA World Summit 2017’ organized by Amity University

2018

  • Religare Broking Ltd.: ‘Regional Retail Member of the Year – North’ – NSE Market Achievers Awards 2018
  • Religare Health Insurance Co. Ltd.: ‘Bancassurance Leader of the Year’ – The Insurance India Summit & Awards 2018
  • Religare Health Insurance Co. Ltd.: ‘Best Claims Service Provider of the Year’ – The Insurance India Summit & Awards 2018
  • Religare Health Insurance Co. Ltd.: ‘Bronze Skoch Award’ in the Micro Insurance Category for ‘Grameen Swaasthya Suraksha’
  • Religare Broking Ltd.: ‘Pension Champion Trophy’ for achieving targets under the National Pension System (NPS) campaign (Non- Bank Category)
  • Religare Health Insurance Co. Ltd.: ‘India’s Most Preferred Travel Insurance Product’ for the Product – Explore ‘India’s Most Preferred Travel & Tourism Brands’

2019

  • Religare Commodities Ltd: ‘Best Broking House – Bullion’ – MCX Awards 2019

2020

  • Care Health Insurance Limited: Silver award for Best Search Marketing Campaign-IAMAI 11th Digital Summit and Awards; Best SEO/SEM Campaigns at Afaqs DIGIES Digital Awards 2020.
  • Religare Commodities Limited: Krishi Pragati Awards 2021.

2021

  • India’s Best Health Insurance Product at Insurance Alerts Awards 2021
  • India’s Best Health Insurance Agents at Insurance Alerts Awards 2021.

2022

  • Smart Insurer of the Year: The Economic Times Insurance Summit & Awards 2022
  • Sales Champion of the Year: The Economic Times Insurance Summit & Awards 2022
  • Best Health Insurance Company of the Year: India Insurance Summit & Awards 2023
  • Certificate of Appreciation 2022 National Pension System: PFRDA
  • Retail Broking: Krishi Pragati Awards 2022 by NCDEX
  • Leading Member -Research 2021 - 2022: MCX
  • Krishi Pragati Awards 2022.

2023

  • Smart Insurer Award at The 10th Annual Insurance Summit & Awards 2023
  • Amiable Insurer Award at The 10th Annual Insurance Summit & Awards 2023
  • Best Health Insurance Company In Rural Sector at the India Insurance Summit & Awards 2024
  • Claims Service Leader of The Year India Insurance Summit & Awards 2024
  • Leading Member - Base Metals MCX Awards 2023
  • Most Preferred Workplace BFSI Marksmen Daily, 2023-2024
  • Appreciation Award - 2023 Home-Pension Fund Regulatory and Development Authority (PFRDA) 2023

2024

  • Overall Achievement Award “SAHI” Category ASSOCHAM 16th Global Insurance Summit & Awards 2024
  • Best Health Insurance Plan “Care Plus” Global Financial Planner’s Summit 2024
  • Smart Insurer Award ET NOW Insurance Summit & Awards 2024
  • Sales Champion Award ET NOW Insurance Summit & Awards 2024

2025

  • Best Claim Settlement Company of the Year India Insurance Summit & Awards 2025
  • Enterprise Security Award Express BFSI Technology Conclave Awards 2025
  • Best Team Project- DevOps Automation (Financial Services) India DevOps Show 2025

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