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Last 322.55 INR
Change Today -12.70 / -3.79%
Volume 70.2K
RELG On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

religare enterprises ltd (RELG) Snapshot

Open
330.05
Previous Close
335.25
Day High
339.65
Day Low
316.25
52 Week High
03/4/15 - 412.00
52 Week Low
09/26/14 - 290.25
Market Cap
57.5B
Average Volume 10 Days
47.4K
EPS TTM
8.56
Shares Outstanding
178.3M
EX-Date
03/30/10
P/E TM
37.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for RELIGARE ENTERPRISES LTD (RELG)

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religare enterprises ltd (RELG) Details

Religare Enterprises Limited operates as a diversified financial services company worldwide. The company offers broking services, such as equity broking in cash and derivatives, and depository participant services; currency futures and options broking; commodity broking; institutional brokerage and research services to asset management companies, pension funds, insurance companies, and hedge funds; and commodity trading in physical form, as well as by way of exchange-traded contracts. It also provides various forms of credit to small and medium enterprises, including loans against property, home loans, commercial vehicle and construction equipment loans, and working capital loans, as well as capital markets financing comprising loans against securities, initial public offering financing, employee stock option scheme financing, and promoter financing. In addition, the company offers investment banking services in the areas of mergers and acquisitions advisory services, corporate restructuring advisory services, public equity offerings, convertible bond offerings, institutional placements and private placements, corporate finance, and investment banking advisory services to businesses, private equity firms, other financial institutions, and high net worth individuals. Further, it provides wealth management services, including investment solutions and services, such as mutual funds, fixed income, direct equities and commodities, portfolio management, loans, real estate, insurance, and trust and estate planning services. Additionally the company offers fund-of-fund investment solutions; direct investment funds; asset management services; and health insurance services to individuals and their families, small to medium enterprises, and corporates. The company was incorporated in 1984 and is headquartered in New Delhi, India.

Founded in 1984

religare enterprises ltd (RELG) Top Compensated Officers

Chairman, Managing Director, Chairman of Corp...
Total Annual Compensation: 4.8M
Compensation as of Fiscal Year 2014.

religare enterprises ltd (RELG) Key Developments

Religare Enterprises Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2015

Religare Enterprises Limited reported unaudited standalone and consolidated earnings results for the fourth quarter and audited standalone and consolidated earnings results for the year ended March 31, 2015. For the quarter, the company reported net loss of INR 165.341 million or INR 1.00 basic and diluted loss per share before and after extra ordinary items on income from operations of INR 41.398 million compared to net loss of INR 536.061 million or INR 3.58 basic and diluted loss per share before and after extra ordinary items on income from operations of INR 41.044 million or the corresponding period last year. Profit from operations before other income, finance costs and exceptional items was INR 147.527 million against loss of INR 72.565 million of prior year period. Loss from ordinary activities before tax was INR 128.618 million against INR 491.927 million of prior year period. For the year, the company reported net loss of INR 1,035.068 million or INR 6.15 basic and diluted loss per share before and after extra ordinary items on income from operations of INR 691.414 million compared to net loss of INR 1,294.979 million or INR 9.22 basic and diluted loss per share before and after extra ordinary items on income from operations of 1,574.523 million for the last year. Profit from operations before other income, finance costs and exceptional items was INR 945.987 million against INR 890.641 million of prior year period. Loss from ordinary activities before tax was INR 929.245 million against INR 1,220.956 million of prior year period. For the quarter, on consolidated basis, the company reported net profit of INR 493.966 million or INR 2.71 basic and diluted loss per share before and after extra ordinary items on income from operations of 10,472.209 million compared to net profit of INR 665.826 million or INR 4.31 basic and diluted earnings per share before and after extra ordinary items on income from operations of INR 8,062.455 million for the last year. Profit from operations before other income, finance costs and exceptional items was INR 5,537.296 million against INR 4,727.249 million of prior year period. Profit from ordinary activities before tax was INR 1,309.618 million against INR 1,427.294 million of prior year period. For the year, on consolidated basis, the company reported net profit of INR 1,537.938 million or INR 8.56 diluted earnings per share before and after extra ordinary items on income from operations of 36,547.326 million compared to net loss of INR 692.944 million or INR 5.20 basics and diluted loss per share before and after extra ordinary items on income from operations of INR 30,359.064 million for the last year. Profit from operations before other income, finance costs and exceptional items was INR 20,544.454 million against INR 17,133.970 million of prior year period. Profit from ordinary activities before tax was INR 4,852.064 million against INR 1,825.036 million of prior year period.

Investors Reportedly Eyes Stake In REL

Malvinder Singh and Shivinder Singh, the promoters of Religare Enterprises Limited (BSE:532915) (REL) have put their stake on block, said two people familiar with the development, including an investor who was approached for the deal. The promoters hold 50.93% in REL which is the holding company for all its financial services businesses. "They have been in the market for the last 2-3 months and have been scouting for buyers. But they haven't been able to receive very good response as people don't want to buy the entire gamut of assets but a few selective ones," said the first person mentioned above. The Economic Times reported that Baring Private Equity Asia, Bain Capital Ltd and Multiples Alternate Asset Management Private Limited are in discussion to acquire the promoter stake. We are still awaiting a response from REL. Since the promoters hold a majority in REL, anyone willing to acquire it will need to make an open offer, in keeping with regulations. "They have hired a foreign investment bank to sell their stake and have been meeting with global buyout funds and assessing the valuations they can fetch for the asset," said the second person mentioned above.

Religare Enterprises Denies Any Stake Sale Rumors

Religare Enterprises Limited (BSE:532915) denies the rumors regarding any of the stake sale. Religare spokesperson states, "As the holding company for a large diversified financial services group, Religare Enterprises Limited remains committed to all its businesses; structured around the four core pillars of SME finance, capital markets and wealth management, health insurance and asset management. Each business is unique, well differentiated and is in their respective stages of evolution. We don't have plans to sell any of our assets."

 

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RELG

Industry Average

Valuation RELG Industry Range
Price/Earnings 36.8x
Price/Sales 1.4x
Price/Book 1.5x
Price/Cash Flow 29.4x
TEV/Sales NM Not Meaningful
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