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On 6 Nov 2026, Religare Enterprises was priced at ₹233.44, or 158.8× trailing earnings, and the shares are 17% below their 52-week high. Net profit fell 70% a year over 3 years; its ROE of 3.2% is the lowest among the 7 largest Insurance (Life) peers. ROCE and debt-to-equity are not meaningful for insurers; it trades at 2.67× book value. It is a small-cap company with a market cap of ₹8,048 Cr, ranked 9th of 9 Insurance (Life) companies by market cap; the shares fell 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹226.00
Day high
₹238.25
Day low
₹224.41
Prev. close
₹228.95
Volume
19.1 L

Health check

1 good · 1 fair · 3 to check
  • ReturnsIn line

    −12.8% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/B 2.67 vs peer median 4.35.

  • GrowthShrinking

    Profit −69.7% a year over 3 years.

  • ProfitabilityWeak

    ROE 3.2% vs peer median 12.1%.

  • Balance sheetn/a

    Asset quality (bad loans) isn’t in our data.

  • Red flags2 to check

    Return on equity is low at 3.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Insurance - Life

8 listed peers. Screen the industry

Small cap

₹8,048 Cr, #9 of 9 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹8,976 Cr · profit ₹50 Cr
Market cap
₹8,048 Cr
Small cap
P/E
158.8
Industry 59.7
Price to book
2.67
Peers 4.35
Dividend yield
0.00%
ROE
3.2%
Peers 12.1%
ROCE
n/m
Not meaningful for lenders
Debt to equity
n/m
Not meaningful for lenders
EPS (TTM)
₹1.47
Face value ₹10
OPM (TTM)
0.7%
Net margin 0.6%
Sales growth
n/m
Not meaningful for lenders
Profit growth
−356.1%
Latest quarter vs a year ago
Price to sales
0.90
EV/EBITDA 73.8

Strengths and risks

Strengths

  • Promoter stake up from 26.3% to 31.3%.

Risks to check

  • Return on equity is low at 3.2%.
  • Quarterly profit down 356.1% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Religare Enterprises

Religare Enterprises Limited, through its subsidiaries, provides various financial services in India. It operates through Investment and Financing Activities; Broking Related Activities; E-Governance; and Insurance segments. The company provides small and medium enterprise financing; and housing finance products comprising home-purchase, home construction, and home improvement loans. It also offers broking services in equity, currency, and commodity; and…

Headquarters
New Delhi
Employees
11,000
Sector
Financial Services
ISIN
INE621H01010
Website
religare.com

Price range

52 weeks

₹196.51₹280.00

Today

₹224.41₹238.25
Avg volume (3M)
11.4 L
1-year return
minus 12.8%
From 52-week high
minus 16.6%

Peers · Insurance - Life

Insurer columns

Compare with peersScreen the whole industry
Company
LICILife Insurance Corporation of India394.00minus 3.43%4,98,4108.02.9537.8%16.9%2.54%minus 9.9%
SBILIFESBI Life Insurance Company1,784.00plus 2.82%1,79,00867.48.7213.7%12.8%0.15%minus 12.0%
HDFCLIFEHDFC Life Insurance Company565.30plus 3.95%1,22,78659.76.4711.3%11.8%0.37%minus 26.8%
ICICILIFEICICI Life Insurance438.90plus 2.63%63,69536.24.3512.9%25.5%0.38%minus 29.6%
MFSLMax Financial Services1,284.40plus 0.86%44,327239.27.703.4%−39.5%0.00%minus 20.0%
STARHEALTHStar Health and Allied Insurance Company564.75plus 4.13%33,23031.63.189.5%−3.4%0.00%plus 11.0%
NIVABUPANiva Bupa Health Insurance Company76.08minus 0.89%14,08026.53.6712.1%118.4%0.00%plus 0.5%
RELIGAREReligare Enterprises233.44plus 1.96%8,048158.82.673.2%−69.7%0.00%minus 12.8%
Median of 7 peers–2.63%63,69536.24.3512.1%12.8%0.15%−12.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
1,8862,1142,0652,4332,370
1,8652,0532,1602,2902,419
20.960.9−94.9143−49
1.1%2.9%−4.6%5.9%−2.1%
−4.718.511.55.95
7.39.899.715
12.612.110.811.617.7
9.5––––
5.757.5−103127−76.7
−41.7%20.1%25.8%24.8%38.8%
10.238.8−45.382.2−26.2
0.311.15-1.372.47-0.78

Profit & loss

Yearly, ₹ crore
Profit CAGR 3Y
−69.7%
EPS CAGR 3Y
−69.9%
ROE
3.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,6585,9777,3768,390
–+28.3%+23.4%+13.7%
1,3435,7647,1168,346
3,31521326044.3
71.2%3.6%3.5%0.5%
−2,66316898.8123
62691.135.232.6
56.171.76047.1
3,289230−20.7−0.5
3,25944824387.3
2.8%22.4%24.9%16.2%
3,08223312586
–minus 92.4%minus 46.5%minus 31.0%
94.677.073.782.59

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
324330331333
1,7342,0132,1852,575
758443234493
5,2796,6878,43111,104
8,0949,47411,18014,506
151121116107
0.20.120
5,1006,7248,70511,208
3,1814,0855,4696,483
−339−1,457−3,111−3,292
8,0949,47411,18014,506

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,5061,5001,5231,820
−939−1,348−1,185−2,176
−2,079−156−285690
−1,512−4.353.3334
−40.4−21.4−24.9−12.5
1,4661,4781,4991,807

Shareholding pattern

Source: NSE filings
31.3%
promoters
  • Promoters31.26%
  • Public68.74%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202631.26%68.74%plus 0.70
30 Jun 202630.56%69.44%0.00
4 Jun 202630.56%69.44%plus 0.29
31 Mar 202630.27%69.73%plus 4.00
31 Dec 202526.27%73.73%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you