Niva Bupa Health Insurance Company Ltd
Incorporated in 2008, Niva Bupa Health Insurance Ltd is a Tech driven leading health insurer in India.[1]
- Market Cap ₹ 14,895 Cr.
- Current Price ₹ 80.7
- High / Low ₹ 109 / 61.0
- Stock P/E 69.8
- Book Value ₹ 20.7
- Dividend Yield 0.00 %
- ROCE 6.75 %
- ROE 7.33 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 40.5% CAGR over last 5 years
Cons
- Stock is trading at 3.94 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 6.13% over last 3 years.
- Earnings include an other income of Rs.155 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Insurance General Insurance
Part of Nifty 500 BSE SmallCap BSE IPO BSE Allcap BSE Financial Services
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1,057 | 1,413 | 2,114 | 3,165 | 4,196 | 5,374 | |
| 1,094 | 1,435 | 2,374 | 3,534 | 4,413 | 5,316 | |
| Operating Profit | -37 | -22 | -260 | -369 | -217 | 58 |
| OPM % | -3% | -2% | -12% | -12% | -5% | 1% |
| 0 | 0 | 90 | 413 | 329 | 155 | |
| Interest | 4 | 6 | 0 | 0 | 0 | 0 |
| Depreciation | 21 | 22 | 27 | 32 | 29 | 0 |
| Profit before tax | -62 | -50 | -197 | 13 | 82 | 214 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| -62 | -50 | -197 | 13 | 82 | 214 | |
| EPS in Rs | 1.17 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 36% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 46% |
| TTM: | 161% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1,126 | 1,350 | 1,409 | 1,511 | 1,700 | 1,827 |
| Reserves | -780 | -773 | -903 | -683 | 351 | 1,949 |
| 0 | 0 | 250 | 250 | 250 | 250 | |
| 891 | 1,322 | 1,983 | 2,799 | 3,891 | 6,453 | |
| Total Liabilities | 1,237 | 1,899 | 2,738 | 3,877 | 6,192 | 10,479 |
| 39 | 46 | 49 | 52 | 58 | 75 | |
| CWIP | 2 | 2 | 1 | 4 | 1 | 0 |
| Investments | 1,067 | 1,622 | 2,401 | 3,366 | 5,458 | 8,175 |
| 129 | 230 | 287 | 455 | 675 | 2,228 | |
| Total Assets | 1,237 | 1,899 | 2,738 | 3,877 | 6,192 | 10,479 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 257 | 338 | 593 | 813 | 1,654 | ||
| -374 | -723 | -829 | -1,882 | -2,348 | ||
| 280 | 374 | 280 | 1,110 | 771 | ||
| Net Cash Flow | 164 | -12 | 43 | 41 | 78 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -270 | -290 | -303 | -282 | -292 | -302 |
| ROCE % | -10% | -30% | 1% | 5% | 7% |
Documents
Announcements
- Closure of Trading Window 17h
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 17h
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 17h
-
Announcement under Regulation 30 (LODR)-Credit Rating
27 Jun - Care Ratings reaffirms CARE AA Stable rating on ₹250 crore NCDs of Niva Bupa.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
26 Jun - Appointment of Mr. Milind Barve as Independent Director for five years from June 26, 2025.
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
Leading Insurance Company[1] Niva Bupa is the 3rd largest and the 2nd fastest growing standalone health insurer (SAHI) in India based on overall health gross direct premium income (GDPI) of Rs 5,494.43 crore in FY24 with an overall market share of 5.1%.