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RELIGARE · Religare Enterprises Ltd · Investment Services

RELIGARE · Religare Enterprises Ltd · Investment Services

₹232.77+1.7%

As of 06 Nov close

52-week range

52wk low ₹196.5152wk high ₹280

16.9% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Profit declined YoY for 2 straight quarters

Revenue (latest Q)

₹2,309 Cr

Revenue YoY

PAT YoY

-354.9%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.9

P/S (TTM)

1

Sector P/E

12.1

Dividend yield

0.0%

CompanyP/EP/BNet marginROED/EDiv. yield
RELIGARE (this stock)155.92.9+0.6%+1.7%0.170.0%
ICICI Prudential Asset Management Company Ltd47.737.7+56.0%Not available from data source3.22+0.9%
HDFC Asset Management Company39.912.3+69.3%Not available from data source1.86+2.0%
Nippon Life India Asset Management50.116.3+56.4%+34.5%1.36+1.8%

Promoter

stable

FII

rising 3q

MF

5.24% (-0.54pp)

falling 3q

Insider trades

DateInsiderTypeQtyValue
27 Mar 2026Gyan Enterprises Private limitedBUY13,27,000₹29.79 Cr
16 Mar 2026SHIVANI BURMANBUY6,07,456₹13.37 Cr
13 Mar 2026SHIVANI BURMANBUY13,48,803₹29.48 Cr

Bulk/block deals

canonicalSymboldatebuy quantitybuyer countdeal strengthdeal types present
RELIGARE2026-08-3116987901STRONGBULK
RELIGARE2026-08-2818000001STRONGBULK

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptMixed19 Aug 2026
View source filing →

Key takeaway: Religare Enterprises Limited held its Q1 FY27 earnings conference call on August 13, 2026, to discuss its operational and financial performance for the quarter ending June 30, 2026. Management reported a 26% year-on-year revenue growth, reaching INR 2,358 crores, although the company recorded a negative profit after tax of INR 46.9 crores due to different reporting standards. The insurance segment, led by Care Health Insurance, achieved a 37% growth in gross written premium, while the financial services segment faced challenges with a reported loss. Management emphasized ongoing leadership appointments and strategic investments across its businesses, including broking and housing finance. The company is also engaging with the Reserve Bank of India regarding its demerger scheme, which has faced regulatory hurdles. Overall, management expressed a commitment to building a strong foundation for future growth.

The document presented both positive growth metrics and challenges related to profitability and regulatory issues.

Sourced from an exchange-filed transcript, dated 19 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral12 Aug 2026
View source filing →

Key takeaway: Religare Enterprises Limited's investor presentation for the earnings call scheduled on August 13, 2026, provided an overview of the company's operational and financial performance for the quarter ended June 30, 2026. The presentation highlighted a consolidated revenue of Rs. 2,358.4 crore, marking a 26% year-over-year growth, while the profit after tax was reported as a loss of Rs. 46.9 crore. The company noted a significant increase in cash and cash equivalents, which grew by 170% year-over-year to Rs. 378.3 crore. The presentation also detailed the performance of its subsidiaries, including Care Health Insurance, which achieved a gross written premium of Rs. 3,247 crore, reflecting a 37% year-over-year growth. Management emphasized the importance of strong corporate governance and leadership appointments aimed at driving future growth.

The presentation provided a balanced view of financial performance and strategic initiatives without strong positive or negative emphasis.

Sourced from an exchange-filed presentation, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive18 May 2026
View source filing →

Key takeaway: Religare Enterprises Limited held its earnings conference call on May 13, 2026, to discuss its operational and financial performance for the quarter and year ended March 31, 2026. Management reported significant progress in leadership and governance, including the reconstitution of the Board and the appointment of new directors. The company highlighted a total income of INR 8,493 crores for FY '26, with a reported profit after tax of INR 73.16 crores. Key subsidiaries, including Care Health Insurance, reported strong growth, with gross written premiums of INR 11,417 crores. The company announced a proposed demerger to create two focused entities, separating its financial services from health insurance. Management emphasized a commitment to building a scalable and sustainable business, with ongoing efforts to streamline operations and enhance capital availability. The call concluded with a Q&A session addressing shareholder concerns regarding the demerger and future growth strategies.

Management emphasized significant progress and growth across various business segments.

Sourced from an exchange-filed transcript, dated 18 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive12 May 2026
View source filing →

Key takeaway: Religare Enterprises Limited's investor presentation detailed the company's operational and financial performance for the quarter and year ended March 31, 2026. The presentation highlighted a consolidated revenue of approximately Rs. 2,473 crore for Q4 FY26 and a profit after tax (PAT) of around Rs. 96 crore. The health insurance segment, Care Health Insurance Limited, reported a Gross Written Premium (GWP) of approximately Rs. 3,511 crore, reflecting a 29% quarter-on-quarter growth. The financial services segment, Religare Finvest Limited, achieved a PAT of Rs. 89 crore, with a capital adequacy ratio (CRAR) of 261.9%. The presentation also noted a capital raise of Rs. 1,500 crore through a preferential issue and the demerger of the financial services business to enhance focus on distinct segments. Key leadership appointments were made to strengthen governance and operational capabilities across the group.

The presentation emphasized strong financial performance and strategic initiatives.

Sourced from an exchange-filed presentation, dated 12 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed20 Feb 2026
View source filing →

Key takeaway: Religare Enterprises Limited held its Q3 FY '26 earnings conference call on February 16, 2026, to discuss its operational and financial performance. Management provided an overview of the company's diversified financial services, including Care Health Insurance, Religare Broking, Religare Finvest, and Religare Housing Finance. The earnings report indicated a total income of INR 2,067.9 crores for the quarter, up from INR 1,670.2 crores year-on-year, while total expenses were INR 2,171 crores, resulting in a negative profit before tax of INR 103.1 crores. Management highlighted a mixed operating environment but noted stable core performance, supported by a strong capital position. The call also addressed the proposed demerger of financial services and insurance businesses into two independent entities, aimed at unlocking shareholder value and enhancing operational focus. The management emphasized ongoing governance improvements and leadership strengthening across the group.

The document presented both positive developments and challenges faced by the company.

Sourced from an exchange-filed transcript, dated 20 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed15 Feb 2026
View source filing →

Key takeaway: Religare Enterprises Limited's investor presentation, dated February 15, 2026, outlines the company's operational and financial performance for the quarter and year-to-date ending December 31, 2025. The presentation highlights the diverse business segments, including Care Health Insurance, Religare Broking, Religare Finvest, and Religare Housing Development Finance Corporation. Key financial metrics indicate a total income of Rs. 2,067.9 crore for Q3 FY26, up from Rs. 1,670.2 crore in Q3 FY25, although the company reported a net loss of Rs. 76.5 crore for the period. The document also discusses the ongoing reorganization of the financial services business, aiming to create a focused entity for better investor attraction and operational efficiency. Management emphasized the importance of governance and compliance in driving future growth.

The presentation conveyed both growth opportunities and challenges faced by the company.

Sourced from an exchange-filed presentation, dated 15 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26232 pages

Religare Enterprises Limited (REL) is building two focused platforms around financial services and health insurance, aiming to empower customers through financial security and health protection. The company operates as a Core Investment Company (CIC) registered with the Reserve Bank of India, providing strategic direction and long-term capital stewardship across its diversified businesses, including MSME lending, affordable housing finance, retail and institutional broking, and health insurance. REL has undergone a strategic reset, strengthening governance, leadership, and capital allocation, with a focus on disciplined execution and long-term value creation.

  • Building two focused platforms: financial services and health insurance to empower customers through financial security and health protection.
  • Operating as a Core Investment Company (CIC) with strategic direction and long-term capital stewardship across diversified businesses.
  • Strategic reset including strengthened governance, leadership, and capital allocation with a focus on disciplined execution and long-term value creation.

Key takeaway: Religare Enterprises Limited is building two focused platforms around financial services and health insurance, emphasizing strategic direction, governance, and long-term value creation.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 02 Sept 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Auditor Qualification (1 item); Regulatory Action (3 items); Default / Covenant Breach (3 items); Investigation or enforcement mention (6 items)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Auditor Qualification

1 occurrence

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 2 passages
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The Secretarial Auditor noted that the vacancies of Dr. Rashmi Saluja (WTD) and Mr. Nitin Aggarwal (CFO) remained unfilled beyond the stipulated time under LODR, and the Chief Compliance Officer's vacancy was also unfilled. The KMP/SMP hiring was on hold pending RBI approval for management changes.

Regulatory Action

3 occurrences

Recent (last 12 months)

Annual Report02 Sept 2026 (FY2025-26)· 14 passages
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The company and its subsidiary RFL were cooperating with an SEBI investigation initiated in February 2018. SEBI issued directions for adjudication proceedings against certain entities in November 2020, and the company received a Show Cause Notice dated November 17, 2020, alleging violations of multiple SEBI Act sections, regulations, and listing agreement clauses.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 13 passages
View source filing →

The company received an Interim Order cum Show Cause Notice from SEBI referencing reference number WTM/ASB/CFD/CFD-RAC-DCR-1/30516/2024-25.

Annual Report16 Jan 2025 (FY2023-24)· 14 passages
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The company has received an order from SEBI which may be revoked if incorrect information is found, and has filed an appeal against this order with NCLAT, which is pending adjudication.

Default / Covenant Breach

3 occurrences

Recent (last 12 months)

Annual Report02 Sept 2026 (FY2025-26)· 3 passages
View source filing →

The Company defaulted on INR 20,000 lakhs of NCDs issued by OSPL, leading to insolvency proceedings and eventual liquidation, with the amount written off in the Company's books.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 4 passages
View source filing →

Religare Enterprises Ltd. (REL) has initiated Corporate Insolvency Resolution Process (CIRP) against RHC Holding Pvt. Ltd. for a principal amount of ₹99 crores under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on May 13, 2022, but the NCLT proceedings were stayed by NCLAT pending further appeal.

Annual Report16 Jan 2025 (FY2023-24)· 12 passages
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Religare Finvest Limited (RFL) was under a corrective action plan by RBI since 2018 due to past financial irregularities. RFL completed a One Time Settlement (OTS) of ₹2,17,800 Lakh with sixteen secured lenders in March 2023, receiving No-Dues Certificates by May 2023.

Investigation or enforcement mention

6 occurrences

Recent (last 12 months)

Annual Report02 Sept 2026 (FY2025-26)· 4 passages
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REL has not redeemed 15 Lakhs preference shares due on October 31, 2018, with a redemption value of 4,190.28 Lakhs, and is contesting warrants of attachment as Garnishee in a dispute involving SEBI and SFIO investigations. A criminal complaint has been filed with Delhi Police regarding transactions related to these shares.

Concall15 Feb 2026 (FY2025-26)
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The excerpt mentions diversion of funds by erstwhile promoters leading to corporate governance issues.

Concall19 Nov 2025 (FY2025-26)
View source filing →

Religare Enterprises Limited's erstwhile promoters diverted funds, leading to governance issues, asset liability mismatches, high NPA levels, and the company defaulted on payments to lenders.

Concall13 Nov 2025 (FY2025-26)
View source filing →

Religare Finvest Limited (RFL) had diversion of funds by erstwhile promoters leading to corporate governance issues.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 4 passages
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The ED has initiated an investigation (ECIR) based on an FIR registered by EOW. Additionally, Daiichi Sankyo has filed execution proceedings against REL, RCML, and RCMIML, and seeks a forensic audit of the Religare Group Companies.

Annual Report16 Jan 2025 (FY2023-24)· 6 passages
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SBI declared RFL’s account as fraud, but the record was removed from the Central Fraud Registry after court order. RFL filed a writ petition to remove the fraud tag from other banks, and some banks have withdrawn wilful defaulter proceedings against RFL.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report02 Sept 2026 (FY2025-26)· 7 passages
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The company has a contingent liability of ₹4,077.50 Lakhs towards uncalled equity shares capital of RCML.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 8 passages
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The company is involved in various litigation, arbitration, and regulatory investigations and proceedings in the ordinary course of its business, and has disclosed contingent liabilities where the probability of outflow is considered remote or probable but a reliable estimate cannot be made.

Annual Report16 Jan 2025 (FY2023-24)· 7 passages
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The company is involved in various litigation, arbitration, and regulatory investigations as part of its ordinary business operations, and records provisions when it can reliably measure the probable outflow of economic benefits related to specific cases.

Related-Party Transaction

1 occurrence

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)
View source filing →

The company has made loans of 5,909.00 I Lakhs to Key Management Personnel in FY 2024-25, as disclosed in the related party transactions section.

Management & Board Governance

2 occurrences

Recent (last 12 months)

Annual Report02 Sept 2026 (FY2025-26)· 3 passages
View source filing →

Ms. Rashmi Saluja and Mr. Rakesh Asthana were removed as Non-Executive Directors by shareholder approval at the EGM on March 28, 2025, effective April 11, 2025, following a special notice from Religare Enterprises Limited under Section 169 of the Act.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)
View source filing →

The CFO of the company resigned on November 12, 2024, and the company has not yet filed the vacancy of CFO within the required 3 months as per Regulation 26A(2) of SEBI LODR, with the vacancy still persisting as of the certificate signing date.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

14.2% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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