Religare Enterprises Ltd

BSE: RELIGARE532915ISIN INE621H01010

Financial Services
Investment Company
BSE 1000

Share price

₹224.65+4.70 (+2.14%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹284.85
52W low: ₹197.00
Off 52W high: -21.13%
1M return: +0.40%
3M return: -12.55%
6M return: +0.16%
1Y return: -14.34%
20D avg volume: 3,62,221
50 DMA: ₹232.67
200 DMA: ₹235.19

Key ratios Consolidated

Market cap: ₹7,666 Cr
Current price: ₹224.65
52W high / low: ₹284.85 / ₹197.00
Face value: ₹10.00
P/E: 428.87
P/B: —
EPS (TTM): ₹0.52
Book value / share: —
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.08
Net debt: ₹-287.48 Cr
Interest cover: 3.44
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,353	2,467	2,056	2,064	1,861	2,028	1,664	1,952	1,710	1,856	1,511	1,584
	5.03	5.88	11.55	18.48	10.31	12.83	5.81	19.12	4.88	18.79	26.66	1.19
	2,358	2,473	2,068	2,083	1,872	2,041	1,670	1,971	1,714	1,874	1,537	1,586
	2,435	2,346	2,171	2,025	1,866	1,819	1,749	1,904	1,682	1,868	1,497	1,527
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	324.47	342.30	307.44	295.39	254.35	256.27	288.42	292.90	267.71	291.58	261.63	264.23
	15.01	9.74	8.98	9.76	7.33	5.79	5.12	12.91	13.32	18.42	24.23	25.30
	17.70	11.58	10.79	12.14	12.55	17.35	14.08	14.69	15.89	17.23	17.50	18.30
	1,710	1,442	1,472	1,391	1,317	1,149	1,135	1,194	1,086	977.38	925.60	970.04
	-76.73	127.17	-103.09	57.45	5.73	222.11	-78.90	67.44	32.66	6.06	40.73	58.97
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	230.35	0.00	0.00
	-76.73	127.17	-103.09	57.45	5.73	222.11	-78.90	67.44	32.66	236.41	40.73	58.97
	-29.75	31.52	-26.55	11.52	-2.44	70.81	—	—	—	—	—	—
	-46.98	95.65	-76.54	45.93	8.17	151.30	-63.28	68.49	26.81	180.96	33.58	40.35
	-0.78	2.47	-1.37	1.17	0.31	3.00	-1.30	1.55	0.55	3.80	0.61	0.78
Key metrics
	—	—	—	—	—	—	-59.70	95.04	61.87	272.06	82.46	102.57
	—	—	—	—	—	—	-3.60%	4.90%	3.60%	14.70%	5.50%	6.50%
	-2.00%	3.90%	-3.70%	2.20%	0.40%	7.50%	-3.80%	3.50%	1.60%	9.80%	2.20%	2.50%
	26.40%	21.60%	23.50%	5.80%	8.90%	9.30%	10.20%	23.20%	—	—	—	—
	-675.00%	-36.80%	-21.00%	-32.90%	-69.50%	-16.40%	-288.40%	69.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	8,941	8,459	7,354	6,235	4,676	3,224
	40.94	34.48	42.64	64.47	186.77	148.82
	8,982	8,494	7,397	6,299	4,863	3,372
	8,978	8,407	7,154	6,082	4,894	4,403
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	1,270	1,199	1,105	1,047	928.94	805.25
	43.49	35.81	37.14	93.54	628.07	739.57
	52.21	47.06	62.00	71.70	56.15	53.40
	6,014	5,621	4,564	3,578	2,840	2,232
	4.80	87.26	243.30	217.34	-30.78	-1,031
	0.00	0.00	0.00	230.35	3,289	0.00
	4.80	87.26	243.30	447.69	3,259	-1,031
	-13.26	14.10	59.98	—	—	—
	18.06	73.16	183.32	347.41	3,169	-1,539
	1.49	2.59	3.79	7.13	96.06	-51.33
Key metrics
	—	—	—	612.93	3,943	-237.99
	—	—	—	9.80%	84.30%	-7.40%
	0.20%	0.90%	2.50%	5.60%	67.80%	-47.70%
	19.12%	15.00%	18.00%	33.30%	45.10%	—
	-89.03%	-60.10%	-47.20%	-89.00%	306.00%	—
	—	1,807	1,547	—	—	—
	—	24.88	8.57	—	—	—
	—	0.08	0.04	—	—	—
	—	-287.48	-164.44	—	—	—
Balance sheet
	—	14,506	11,229	—	—	—
	—	588.07	302.67	—	—	—
	—	118.86	84.90	—	—	—
	—	2.35	2.82	—	—	—
	—	106.70	113.87	—	—	—
	—	300.59	138.23	—	—	—
	—	3,878	3,437	—	—	—
Cash flow
	—	1,820	1,572	—	—	—
	—	-2,176	-1,185	—	—	—
	—	689.77	-285.48	—	—	—
	—	12.52	24.89	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2.52	1.73	1.37	0.89	0.24	0.03	0.04	3.43	2.87	3.23	3.61	2.82
	1.86	1.63	1.02	6.71	2.86	5.55	5.31	19.43	5.27	0.19	1.90	1.77
	4.38	3.36	2.39	7.60	3.10	5.58	5.34	22.86	8.13	6.89	5.51	4.60
	14.00	15.72	13.81	11.57	9.25	10.73	18.70	28.23	25.37	21.88	31.48	23.28
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.28	4.62	8.49	3.38	3.31	5.54	8.04	11.97	11.58	6.25	11.59	10.31
	0.23	0.19	0.20	2.36	1.74	1.01	1.24	6.43	6.72	6.55	6.44	6.26
	0.51	0.56	0.57	0.58	0.64	1.19	1.51	1.34	1.41	1.51	1.42	1.39
	3.95	10.23	4.39	5.26	3.56	9.36	7.91	8.76	5.55	7.75	7.36	5.10
	-9.62	-12.37	-11.43	-3.97	-6.15	-5.15	-13.36	-5.37	-17.24	-14.99	-25.97	-18.68
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-9.62	-12.37	-11.43	-3.97	-6.15	-5.15	-13.36	-5.37	-17.24	-14.99	-25.97	-18.68
	0.00	0.00	-0.12	0.00	0.00	12.59	—	—	—	—	—	—
	-9.62	-12.37	-11.31	-3.97	-6.15	-17.74	-13.37	9.41	-15.84	-14.99	-25.79	-18.68
	-0.29	-0.37	-0.34	-0.12	-0.19	-0.54	-0.41	0.29	-0.48	-0.45	-0.76	-0.59
Key metrics
	—	—	—	—	—	—	-10.61	2.40	-9.11	-6.93	-18.11	-11.03
	—	—	—	—	—	—	-26,525.00%	70.00%	-317.40%	-214.60%	-501.70%	-391.10%
	-381.70%	-715.00%	-825.50%	-446.10%	-2,562.50%	-59,133.30%	-33,425.00%	274.30%	-551.90%	-464.10%	-714.40%	-662.40%
	950.00%	5,666.70%	3,325.00%	-74.10%	-91.60%	-99.10%	-98.90%	21.60%	—	—	—	—
	-56.40%	30.30%	15.40%	-142.20%	61.20%	-18.30%	48.20%	150.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	6.51	4.22	6.26	11.78	22.98	17.77
	11.22	12.22	35.56	2.25	35.14	11.79
	17.73	16.44	41.82	25.24	58.12	29.56
	55.10	50.36	82.94	97.12	68.50	56.37
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	25.77	19.80	26.05	37.43	30.01	27.77
	2.98	4.48	15.39	25.41	12.23	2.27
	2.22	2.35	5.44	5.85	3.00	1.77
	23.83	23.44	31.59	23.59	22.77	24.46
	-37.39	-33.92	-41.12	-71.88	-10.38	-26.81
	0.00	0.00	0.00	0.00	0.00	0.00
	-37.39	-33.92	-41.12	-71.88	-10.38	-26.81
	-0.12	-0.12	-3.57	—	—	—
	-37.27	-33.80	-37.54	-65.35	-10.35	-26.01
	-1.12	-1.02	-1.14	-1.98	-0.33	-0.86
Key metrics
	—	—	—	-40.62	4.85	-22.77
	—	—	—	-344.80%	21.10%	-128.10%
	-572.50%	-800.90%	-599.70%	-554.80%	-45.00%	-146.40%
	74.06%	-32.60%	-46.90%	-48.70%	29.30%	—
	—	10.00%	42.60%	-531.40%	60.20%	—
	—	-102.35	72.99	—	—	—
	—	3.02	-1.95	—	—	—
	—	0.00	0.02	—	—	—
	—	-2.10	26.50	—	—	—
Balance sheet
	—	2,573	2,242	—	—	—
	—	2.10	8.50	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	6.26	10.90	—	—	—
	—	0.00	35.00	—	—	—
	—	2,467	2,090	—	—	—
Cash flow
	—	-102.24	73.28	—	—	—
	—	-277.43	59.00	—	—	—
	—	373.27	-130.77	—	—	—
	—	0.11	0.29	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -43.16%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +74.06%
Profit YoY (TTM): -33.82%

Consolidated

Sales CAGR 3Y: +21.84%
Sales CAGR 5Y: —
Profit CAGR 3Y: -71.52%
Profit CAGR 5Y: —
Sales YoY (TTM): +19.12%
Profit YoY (TTM): -89.03%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 31.26%

Quarter	September 2026	June 2026
Promoter %	31.26%	30.56%

Holder	Type	Holding	Previous	Change
PURAN ASSOCIATES PRIVATE LIMITED	Promoter	11.31%	10.40%	+0.91%
VIC ENTERPRISES PRIVATE LIMITED	Promoter	8.48%	8.57%	-0.09%
ASHISH DHAWAN	Public	7.33%	5.24%	+2.09%
M B FINMART PRIVATE LIMITED	Promoter	5.45%	5.51%	-0.06%
ELLIPSIS PARTNERS LLC	Public	4.82%	4.45%	+0.37%
CHANDRAKANTA	Public	4.56%	4.61%	-0.05%
QUICK TRADING AND INVESTMENT ADVISORS LLP	Public	3.24%	3.28%	-0.04%
MILKY INVESTMENT AND TRADING COMPANY	Promoter	2.91%	2.94%	-0.03%
Shivani Burman	Promoter Group	2.73%	2.75%	-0.02%
MOTILAL OSWAL ELSS TAX SAVER FUND	Public	2.19%	—	—
TATA AIG GENERAL INSURANCE COMPANY LIMITED	Public	1.31%	—	—
AKHIL DHAWAN	Public	1.00%	—	—
GYAN ENTERPRISES PVT LTD	Promoter Group	0.38%	0.39%	-0.01%
Vivek Chand Burman	Promoter	0.00%	0.00%	0.00%
DABUR PHARMACEUTICALS LIMITED	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Jio Financial Services Limited	1,46,722	222.20	85.71	—	+122.66% TTM	+4.99% TTM	-26.40%
Aditya Birla Capital Ltd	1,03,935	379.60	22.08	—	+23.75% TTM	+40.82% TTM	+14.46%
Tata Investment Corporation Ltd.	28,551	564.30	71.62	—	+16.36% TTM	+13.32% TTM	-28.21%
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED	25,806	1,374.30	4.29	—	+17.83% TTM	+24.27% TTM	-31.78%
TVS Holdings Limited	24,737	12,226.65	6.36	—	—	—	-19.15%
Maharashtra Scooters Ltd. S	13,510	11,821.25	44.34	—	+0.80% TTM	-14.73% TTM	-19.60%
JSW Holdings Limited	12,153	10,949.00	60.44	—	+54.93% TTM	+61.39% TTM	-35.00%
Religare Enterprises Ltd	7,666	224.65	428.87	—	+19.12% TTM	-89.03% TTM	-14.34%
Pilani Investment And Industries Corporation Limited	4,257	3,845.10	-349.56	—	-14.64% TTM	-119.66% TTM	-26.34%
Nalwa Sons Investment Ltd	2,510	4,886.85	43.58	—	-19.75% TTM	+35.31% TTM	-28.05%
Elcid Investments Ltd.	1,968	98,400.00	12.63	—	+158.70% TTM	+105.15% TTM	-25.95%
Kalyani Investment Company Limited	1,897	4,346.25	46.70	—	+7.07% TTM	+24.09% TTM	-27.33%
Shipping Corporation of India Land and Assets Limited S	1,678	36.03	46.79	1.10%	+19.06% TTM	+118.43% TTM	-27.95%
SUMMIT SECURITIES LTD.	1,450	1,330.00	11.51	—	+29.31% TTM	+24.27% TTM	-41.53%
PNB Gilts Ltd S	1,420	78.90	7.38	—	-2.69% TTM	+7.14% TTM	-12.73%
BELDING INDIA LIMITED S	1,196	826.15	-786.81	-0.10%	-100.00% TTM	-168.02% TTM	—
Jindal Photo Limited	1,170	1,140.20	-18.84	—	+744.30% TTM	-126.89% TTM	-17.04%
Vardhman Holdings Limited	1,092	3,421.00	4.34	—	+0.46% TTM	+1.65% TTM	-17.85%
Industrial & Prudential Inv. Co. Lt	1,020	6,089.00	16.76	—	-28.28% TTM	-3.16% TTM	+1.09%
JINDAL POLY INVESTMENT AND FINANCE COMPANY LIMITED	977	929.60	1.21	—	+3,152.89% TTM	+167.19% TTM	-4.75%
STEL Holdings Limited	970	525.35	49.44	1.60%	+19.92% TTM	+21.64% TTM	+30.05%
Hexa Tradex Limited	836	151.30	-121.40	-0.10%	+0.66% TTM	+70.34% TTM	-13.07%
Welspun Investments and Commercials Ltd. S	695	1,903.00	205.89	—	+38.73% TTM	+0.60% TTM	+43.44%
BEML Land Assets Limited S	690	165.75	-16,575.00	-16.40%	—	+98.79% TTM	-20.73%
VLS Finance Limited	648	210.40	14.17	—	-65.51% TTM	+93.36% TTM	-3.04%

Filings & corporate actions

Recent announcements

Credit Rating Update of subsidiary company4 Nov 2026 · Company Update / General
Credit Rating Update of subsidiary company4 Nov 2026 · Company Update / General
RBI''s approval for Appointment of Director(s) on the Board of the company3 Nov 2026 · Company Update / Change in Management
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 w.r.t CHIL debt Issuance30 Oct 2026 · Company Update / General
Appointment of Ms Dipti Jayesh Khandelwal as Company Secretary & Compliance Officer of the company w.e.f. October 31, 202630 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Copy of Newspaper Publication14 Oct 2026 · Company Update / Newspaper Publication
Certificate under SEBI (Depositories and Participants) Regulations, 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Allotment of 22000 equity Shares pursuant exercise of equal number of options granted under REL ESOP Plan 20197 Oct 2026 · Company Update / Allotment of Equity Shares
Update about appointment in subsidiary6 Oct 2026 · Company Update / General
Intimation of Trading Window Closure28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Re-designation of Mr. Arjun Lamba as Managing Director25 Sep 2026 · Company Update / Change in Management
Copy Scrutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Exchange regarding voting results.25 Sep 2026 · AGM/EGM / AGM
Proceedings of 42nd Annual General Meeting held on September 24, 202624 Sep 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201518 Sep 2026 · Company Update / General
Intimation with respect to establishment of new Corporate Office of the Company18 Sep 2026 · Company Update / General
As per attached disclosure14 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal ELSS Tax Saver Fund4 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Newpaper Publication3 Sep 2026 · Company Update / Newspaper Publication
BRSR for FY 2025-262 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for FY 2025-262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 42nd Annual General Meeting of the Meeting scheduled to be held on September 24, 20262 Sep 2026 · AGM/EGM / AGM
General Updates1 Sep 2026 · Company Update / General
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Care Health Insurance Limited, a material ....1 Sep 2026 · Company Update / General
Newspaper Publication regarding 42nd Annual General Meeting of Religare Enterprises Limited1 Sep 2026 · Company Update / Newspaper Publication
General Intimation About AGM31 Aug 2026 · AGM/EGM / AGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashish Dhawan31 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashish Dhawan28 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
General Updates25 Aug 2026 · Company Update / General
Transcript of earnings call held on Thursday, August 13, 2026 at 04.00 P.M. IST19 Aug 2026 · Company Update / Earnings Call Transcript
Newspaper Advertisement- Special Window for transfer and dematerialisation of physical securities14 Aug 2026 · Company Update / Newspaper Publication
Audio Recording of earnings call held on Thursday, August 13, 2026 at 04.00 P.M. IST13 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication of Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 202613 Aug 2026 · Company Update / Newspaper Publication
Monitoring Agency Report for the quarter ended June 30, 202613 Aug 2026 · Company Update / Monitoring Agency Report
Presentation for earnings call to be held on Thursday, August 13, 2026 at 04.00 P.M. IST12 Aug 2026 · Company Update / Investor Presentation
Un-Audited Standalone Financial Statements of the Company (which have been subjected to Limited Review by the Statutory Auditors) as on June 30, 2026, along with financial results prepared ....12 Aug 2026 · Company Update / General
Religare delivers robust Q1 FY27 performance, strengthens earnings momentum12 Aug 2026 · Company Update / Press Release / Media Release
Appointment of Mr Arjun Lamba as Managing Director of the company w.e.f. August 12, 2026.12 Aug 2026 · Company Update / Change in Management
Outcome of Meeting of Board of Directors of Religare Enterprises Limited12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Un-Audited Financial Results (Standalone & Consolidated) of the Company (which have been subjected to Limited Review by the Statutory Auditors) for the quarter ended June 30, 202612 Aug 2026 · Result / Financial Results
Amendment to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information12 Aug 2026 · Company Update / Code of Conduct under SEBI (PIT) Regulations, 2015

Board meetings

12 Aug 2026 Board Meeting - Financial Results