Added to YB: 2026-06-23
Pitch date: 2026-06-19
RELIGARE.NS [bullish]
Religare Enterprises Limited
Author Info
Nine One Capital is an India-focused investment manager. We are value-conscious investors in Indian listed companies. Sign up for the newsletter.
Company Info
Religare Enterprises Limited, through its subsidiaries, provides various financial services in India and internationally.
Market Cap
INR 84.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
48.15
P/E
97.84
EV/Sales
0.96
Sector
Insurance
Category
special_situation
Religare Enterprises: Buying a Hidden Health Insurer at a Discount
RELIGARE.NS: Indian holdco trading Rs8,700cr fully diluted, owns 63.2% of Care Health (India's 2nd-largest standalone health insurer, FY26 economic PBT Rs539cr +38%, path to Rs700-800cr). Demerger of FS biz board-approved; Burmans (Dabur) buying, IRDAI rule change enables reverse merger. SOTP Rs396/sh base case; downside protected at ~Rs10,000cr even if structure persists. Catalysts: demerger (FY27-28 listing), Kedaara 18% Care stake exit, regulatory approval.
Read full article (12 min)