Religare EnterprisesNSE:RELIGARE -0.39%72 Gross Margin % is 65.49% as of Mar. 2026, which is 0% above its 10-year median of 65.34. GuruFocus rates NSE:RELIGARE with a GF Score™ of 72/100 and a GF Value™ of ₹438.07 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 62 Insurance companies, Religare Enterprises ranks better than 80.65% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Religare Enterprises had a gross margin of 65.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Religare Enterprises Gross Margin % Related Terms
Religare Enterprises Gross Margin % Historical Data
* Premium members only.
The historical data trend for Religare Enterprises's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:RELIGARE vs AFL, MET, PRU: Gross Margin % Comparison
For the Insurance - Life subindustry, Religare Enterprises's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Religare Enterprises Gross Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Religare Enterprises's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Religare Enterprises's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Religare Enterprises (NSE:RELIGARE) has a Gross Margin % of 65.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Religare Enterprises and its competitors. This is near median its historical median of 65.34. According to the industry distribution chart, Religare Enterprises ranks #12 out of 62 companies in the Insurance industry, placing it in the top 19.4%.
Is Religare Enterprises' Gross Margin % too high?
Religare Enterprises' current Gross Margin % of 65.49% is near median its 10-year median of 65.34. The Insurance industry median Gross Margin % is 44.73. Religare Enterprises' value of 65.49% is 46.4% above this industry median. Based on the distribution chart, Religare Enterprises ranks #12 out of 62 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Religare Enterprises has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Religare Enterprises' Gross Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, Religare Enterprises ranks #12 out of 62 companies for Gross Margin %. This places Religare Enterprises in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 44.73. Religare Enterprises' value of 65.49% is 46.4% above this benchmark. While the company's 10-year median is 65.34 vs. the industry median of 44.73, Religare Enterprises has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Insurance company?
The median Gross Margin % among Insurance companies is 44.73, based on 62 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Religare Enterprises's current Gross Margin % of 65.49% is 46.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Religare Enterprises and its competitors. For the Insurance industry, the median Gross Margin % is 44.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Religare Enterprises's current Gross Margin % is 65.49%, which is near median its own 10-year median of 65.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Religare Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Religare Enterprises (NSE:RELIGARE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹438.07, compared to a current price of ₹270.45 — trading 38.3% below its estimated fair value. The current Gross Margin % is 65.49%, which is near median its 10-year median of 65.34 and 46.4% above the Insurance industry median of 44.73. Religare Enterprises' overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Religare Enterprises (NSE:RELIGARE), the current Gross Margin % is 65.49% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Religare Enterprises (NSE:RELIGARE) Overvalued in 2026?
Based on GuruFocus' analysis, Religare Enterprises stock appears to be undervalued.
The current stock price of ₹270.45 is trading 38.3% below its estimated GF Value™ of ₹438.07.
GuruFocus considers Religare Enterprises to be Possible Value Trap.
Key valuation signals for NSE:RELIGARE:
Gross Margin %: 65.49% (near median its 10-year median of 65.34)
GF Value™: ₹438.07 vs. price of ₹270.45 (38.3% below fair value)
Industry Position: 46.4% above the Insurance median (#12 of 62)
No single metric tells the full story. See the NSE:RELIGARE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities such as Insurance (Health and Travel - Care Health Insurance Limited), Retail Broking (Religare Broking Limited), SME Finance (NBFC) Religare Finvest Limited, Housing Finance (Affordable) [Religare Housing Development Finance Corporation Limited]. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India and generates the majority of revenue from the domestic market.
72GF Score
Get the complete analysis for NSE:RELIGARE
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:RELIGARE has been successfully added to your 
