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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Religare Enterprises Ltd

About the Company - Religare Enterprises Ltd

Religare Enterprises Ltd. is a Public Limited Listed company incorporated on 30/01/1984 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1984PLC146935 and registration number is 146935. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 17.77 Cr. and Equity Capital is Rs. 318.81 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments1407, 14th Floor, Chiranjiv Tower, New Delhi Delhi 110019investorservices@religare.com
http://www.religare.com
Management
NamePosition Held
Dr. Rashmi SalujaExecutive Chairperson
Mr. Malay Kumar SinhaIndependent Director
Mr. Hamid AhmedIndependent Director
Mr. Praveen Kumar TripathiIndependent Director
Mr. Ranjan DwivediIndependent Director
Mrs. Preeti MadanIndependent Director

Religare Enterprises Ltd. Share Price Update

Share PriceValue
Today₹229.80
Previous Day₹232.45

Basic Stock Data of Religare Enterprises Ltd

Market Cap 7,748 Cr.
Current Price 235
High / Low281/130
Stock P/E21.0
Book Value 66.8
Dividend Yield0.00 %
ROCE15.5 %
ROE5.39 %
Face Value 10.0

Data Source: screener.in

Competitors of Religare Enterprises Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Indostar Capital Finance Ltd 2,531 Cr. 186229/10316.2 2330.00 %9.15 %7.46 % 10.0
AD Manum Finance Ltd 55.8 Cr. 74.497.5/40.014.3 85.80.00 %11.2 %8.15 % 10.0
Piramal Enterprises Ltd 20,987 Cr. 9341,140/63013.9 1,2783.34 %2.21 %5.72 % 2.00
Viji Finance Ltd 22.2 Cr. 2.692.91/1.411,110 1.480.00 %4.25 %3.70 % 1.00
Rane Holdings Ltd 1,606 Cr. 1,1251,385/79212.4 5921.51 %11.1 %8.79 % 10.0
Industry Average20.2 Cr239.6211.56182.660.97%7.58%6.76%6.6

Religare Enterprises Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6286137536437958279539511,1641,1651,3961,2851,584
Expenses5575416448071,0589218249231,1171,0201,1491,1471,483
Operating Profit7172109-164-263-941282847145247138101
OPM %11%12%14%-25%-33%-11%13%3%4%12%18%11%6%
Other Income13884935431011933,354181
Interest181180191172190197181189197213292625
Depreciation15141413131414141314141918
Profit before tax-112-114-87-345-373-250-63-75-144-793,55711259
Tax %-3%2%23%14%-8%-0%-826%-1%-22%-22%1%17%32%
Net Profit-115-112-67-296-404-251-588-76-177-963,5179340
EPS in Rs-4.54-4.38-3.46-9.74-13.49-7.84-19.20-2.38-6.49-3.62107.611.940.78

Religare Enterprises Ltd Quarterly Chart

Religare Enterprises Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,8733,7623,3614,1284,8953,7092,6752,3712,3842,5133,2274,6795,431
Expenses1,8201,4601,5852,0063,7101,6592,8413,0052,3412,2353,5924,1964,799
Operating Profit2,0532,3021,7752,1221,1842,050-167-63443278-364483631
OPM %53%61%53%51%24%55%-6%-27%2%11%-11%10%12%
Other Income-606-77725581,012-3166010-157171373,4733,376
Interest1,4601,7221,5841,6581,8791,8401,271854855733750641292
Depreciation84603437363130266159535665
Profit before tax-96-258182485282-136-1,407-1,504-1,030-497-1,0313,2593,649
Tax %-54%-87%85%34%79%10%16%0%-1%4%-49%3%
Net Profit-148-4812732161-124-1,181-1,501-1,038-478-1,5393,1693,554
EPS in Rs-14.25-37.09-4.638.62-2.67-9.77-58.56-59.33-36.12-19.60-48.4395.24106.71
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Religare Enterprises Ltd Profit & Loss Yearly Chart

Cholamandalam Investment & Finance Company Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:12%
3 Years:25%
TTM:36%
Compounded Profit Growth
10 Years:7%
5 Years:15%
3 Years:25%
TTM:139%
Stock Price CAGR
10 Years:-2%
5 Years:66%
3 Years:53%
1 Year:62%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-5%

Religare Enterprises Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital149149150178178178178217258259319324328
Reserves3,4892,9702,9823,7053,6602,5491,658521-157-306-1,3011,7341,873
Preference Capital565656252526000000
Borrowings13,98413,36514,01716,46620,22214,9299,9456,7175,3564,9404,878841648
Other Liabilities2,7223,8113,9765,0893,3693,3822,0812,1192,6733,8325,4675,1936,262
Total Liabilities20,34320,29521,12525,43927,42921,03813,8629,5738,1308,7259,3628,0929,111
Fixed Assets1,5761,8221,9812,1281,7851038083175117127196185
CWIP123412441211141312250
Investments1,4152,4193,3444,3632,7001,9831,1971,4382,0233,1903,8365,0945,829
Other Assets17,22916,04915,78818,94422,94118,94012,5748,0385,9195,4065,3972,7973,097
Total Assets20,34320,29521,12525,43927,42921,03813,8629,5738,1308,7259,3628,0929,111

Religare Enterprises Ltd Reserves and Borrowings Chart

Religare Enterprises Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1,0322,9361,634-706-2,1545,8715,8023,5552,4331,3731,5961,506
Cash from Investing Activity -1,754-730-403-6124992,149-457-31-436-1,181-689-939
Cash from Financing Activity 3,187-2,326-1,4001,0941,853-7,696-6,455-3,819-1,743-314559-2,079
Net Cash Flow401-120-169-224198324-1,110-295254-1221,466-1,512

Religare Enterprises Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days464752523560425314282114
Inventory Days
Days Payable
Cash Conversion Cycle464752523560425314282114
Working Capital Days308265104564226-118-98-267-264-387-275
ROCE %12%11%11%11%9%10%-1%-7%-0%4%-6%16%

Religare Enterprises Ltd Financial Efficiency Indicators Chart

Religare Enterprises Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters0.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs16.46%17.29%18.75%19.31%19.59%18.99%19.60%18.79%18.30%19.48%11.75%9.89%
DIIs6.13%5.24%1.42%1.47%2.38%3.82%5.63%7.18%7.42%7.00%7.84%7.75%
Public77.11%77.47%79.83%79.22%78.03%77.19%74.77%74.02%74.27%73.52%80.41%82.36%
No. of Shareholders42,81363,12648,97152,70057,18955,61355,22259,75259,29257,93961,53569,311

Religare Enterprises Ltd Shareholding Pattern Chart

No. of Religare Enterprises Ltd Shareholders

Religare Enterprises Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Large and Midcap Fund30000002.4867.58
Motilal Oswal ELSS Tax Saver Fund29000002.3765.32
Motilal Oswal Balance Advantage Fund27407287.461.73
Motilal Oswal Focused Fund20222992.5645.55
Motilal Oswal Equity Hybrid Fund8943034.720.14
Motilal Oswal Nifty Microcap 250 Index Fund3405981.347.67
Motilal Oswal Multi Asset Fund2500005.125.63

Religare Enterprises Ltd ROCE Trend

Religare Enterprises Ltd EPS Trend

Religare Enterprises Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)96.06-51.33-19.65-39.55-63.32
Diluted EPS (Rs.)94.67-51.33-19.65-39.62-63.32
Cash EPS (Rs.)99.67-46.58-16.15-37.85-68.00
Book Value[Excl.RevalReserv]/Share (Rs.)82.75-16.6911.487.5348.50
Book Value[Incl.RevalReserv]/Share (Rs.)82.75-16.6911.487.5348.50
Revenue From Operations / Share (Rs.)144.53101.1195.8691.25105.42
PBDIT / Share (Rs.)20.20-7.4611.041.94-28.93
PBIT / Share (Rs.)18.46-9.148.77-0.41-30.12
PBT / Share (Rs.)100.71-32.34-19.17-39.90-69.30
Net Profit / Share (Rs.)97.93-48.26-18.41-40.21-69.18
NP After MI And SOA / Share (Rs.)95.24-48.43-19.60-36.12-59.33
PBDIT Margin (%)13.97-7.3811.512.12-27.44
PBIT Margin (%)12.77-9.039.15-0.45-28.57
PBT Margin (%)69.68-31.98-20.00-43.72-65.74
Net Profit Margin (%)67.75-47.72-19.21-44.06-65.62
NP After MI And SOA Margin (%)65.89-47.89-20.44-39.58-56.28
Return on Networth / Equity (%)149.760.000.00-923.09-154.51
Return on Capital Employeed (%)10.92-19.5410.06-0.61-7.61
Return On Assets (%)38.07-16.50-5.82-11.46-13.43
Long Term Debt / Equity (X)0.000.00-11.925.597.98
Total Debt / Equity (X)0.35-4.92-103.8553.027.98
Current Ratio (X)2.811.111.161.088.41
Quick Ratio (X)2.811.111.161.088.41
Interest Coverage Ratio (X)1.04-0.320.390.05-0.73
Interest Coverage Ratio (Post Tax) (X)0.80-1.080.34-0.02-0.76
Enterprise Value (Cr.)5230.887032.765988.224485.506285.26
EV / Net Operating Revenue (X)1.122.182.411.902.75
EV / EBITDA (X)8.01-29.5520.9189.49-10.01
MarketCap / Net Operating Revenue (X)1.001.290.910.200.27
Price / BV (X)2.28-4.22-48.264.860.76
Price / Net Operating Revenue (X)1.001.290.910.200.27
EarningsYield0.65-0.37-0.22-1.90-2.02

Religare Enterprises Ltd Profitability Ratios (%)

Religare Enterprises Ltd Liquidity Ratios

Religare Enterprises Ltd Liquidity Ratios (%)

Religare Enterprises Ltd Interest Coverage Ratios (X)

Religare Enterprises Ltd Valuation Ratios

Fair Value / Intrinsic Value of Religare Enterprises Ltd

Fair Value: ₹77.12

The stock is overvalued by 67.18% compared to the current price ₹235

*Investments are subject to market risks

Strength and Weakness of Religare Enterprises Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -50.67, which is a positive sign.
  2. The company has higher reserves (1,798.23 cr) compared to borrowings (18.77 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -2.49 and average Dividend Yield of -3.23%.
  2. The stock has a low average ROCE of 5.83%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 38.67, which may not be favorable.
  4. The company has not shown consistent growth in sales (3.08) and profit (-2.77).

Should I Buy Cholamandalam Investment & Finance Company Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Religare Enterprises Ltd:
    1. Net Profit Margin: 67.75%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.92% (Industry Average ROCE: 8.48%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.80
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2.81
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 21.1 (Industry average Stock P/E: 21.86)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.35
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Religare Enterprises Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE