Star Health & Allied Insurance Company Ltd

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Star Health & Allied Insurance Company Ltd

₹ 573 -0.95%
24 Aug - close price
starhealth.in BSE: 543412 NSE: STARHEALTH
About

Star Health & Allied Insurance Ltd (Star) is India’s first Standalone Health Insurance provider and is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21 with leadership in the attractive retail health segment.[1]

Key Points

Market Share - H1FY26[1]
Retail Health Insurance - 32%
Gross Written Premium - Rs 8,332 Cr
As on December 2024, it holds a 44% market share among standalone health insurers (SAHI) and 13% of the overall insurance market.[2]

Website BSE NSE
  • Market Cap ₹ 33,743 Cr.
  • Current Price ₹ 573
  • High / Low ₹ 625 / 417
  • Stock P/E 40.0
  • Book Value ₹ 0.00
  • Dividend Yield 0.00 %
  • ROCE 9.69 %
  • ROE 7.61 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 10.2% over last 3 years.

* 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 BSE 500 Nifty500 Low Volatility 50 Nifty Smallcap 500 BSE Insurance Nifty 500

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
3,293 3,461 3,578 3,688 3,816 4,058 4,146 4,081 4,880 4,378 4,566 4,648 5,522
2,909 3,296 3,191 3,502 3,391 3,912 3,861 4,089 4,292 4,303 4,395 4,500 4,773
Operating Profit 384 165 387 186 425 147 285 -7 588 75 172 148 749
OPM % 12% 4.8% 11% 5% 11% 3.6% 7% -0.2% 12% 1.7% 3.8% 3.2% 14%
0 2 1 3 1 2 2 6 -0 3 2 4 -8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 384 167 388 190 426 149 287 -1 588 78 173 151 742
Tax % 25% 25% 25% 25% 25% 25% 25% -159% 25% 29% 26% 26% 26%
288 125 290 142 319 111 215 1 438 55 128 111 550
EPS in Rs 4.95 2.15 4.95 2.43 5.45 1.89 3.66 0.01 7.45 0.93 2.18 1.89 9.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1,069 1,595 2,012 2,888 3,775 4,987 5,050 10,602 12,096 14,021 16,101 17,825 19,114
1,189 1,439 1,871 2,673 3,565 4,544 6,447 11,962 11,223 12,840 15,180 17,001 17,971
Operating Profit -120 156 141 215 210 443 -1,397 -1,360 873 1,182 921 824 1,143
OPM % -11% 10% 7% 7% 6% 9% -28% -13% 7% 8% 6% 4.6% 6%
0 0 0 0 0 0 -3 7 5 6 12 9 1
Interest 1 2 3 20 0 0 0 0 0 0 0 0 0
Depreciation 19 18 20 23 28 29 46 43 52 59 71 79 0
Profit before tax -140 137 118 171 182 413 -1,446 -1,397 826 1,129 861 754 1,144
Tax % 0% 0% 0% 1% 30% 35% -25% -25% 25% 25% 25% 26%
-140 137 118 170 128 268 -1,086 -1,041 619 845 646 557 844
EPS in Rs -3.87 3.53 2.59 3.73 2.81 5.46 -19.81 -18.08 10.63 14.44 10.99 9.47 14.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 27%
5 Years: 29%
3 Years: 14%
TTM: 11%
Compounded Profit Growth
10 Years: 15%
5 Years: 20%
3 Years: -3%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -2%
1 Year: 29%
Return on Equity
10 Years: 3%
5 Years: 6%
3 Years: 10%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 362 387 456 456 456 491 548 576 582 585 588 588
Reserves -220 -27 334 504 773 1,153 2,947 4,045 4,862 5,799 6,471 6,987
0 0 0 250 250 250 250 720 470 470 470 470
954 1,012 1,423 2,138 3,394 4,233 6,756 8,174 9,313 10,914 13,255 16,019
Total Liabilities 1,096 1,372 2,213 3,347 4,872 6,127 10,501 13,514 15,226 17,768 20,785 24,064
46 62 77 92 85 90 183 113 217 159 357 404
CWIP 12 3 7 5 13 12 19 4 10 16 24 9
Investments 502 807 1,428 2,165 3,030 4,290 6,733 11,373 13,276 15,491 17,703 19,780
535 500 700 1,085 1,744 1,735 3,565 2,024 1,723 2,102 2,701 3,871
Total Assets 1,096 1,372 2,213 3,347 4,872 6,127 10,501 13,514 15,226 17,768 20,785 24,064

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
321 557 776 647 890 56 1,276 1,310 1,379 1,873
-497 -663 -731 -1,006 -2,418 -3,786 -1,097 -1,177 -1,151 -1,067
310 249 333 122 2,613 2,509 -268 23 -4 -31
Net Cash Flow 134 143 379 -237 1,086 -1,221 -89 156 224 775
Free Cash Flow 283 521 746 614 844 -7 1,229 1,187 1,297 1,797
CFO/OP 228% 260% 397% 168% -70% -4% 145% 119% 170% 250%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -255 -179 -191 -196 -260 -238 -397 -258 -255 -249 -261 -286
ROCE % 55% 21% 19% 14% 25% -51% -31% 15% 18% 12% 10%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Number of agents
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Number of branches
count
Number of network hospitals
count
Retail Health Market Share
%
Retail Health Renewal Premium Ratio
%
Banca Partnerships
count
Lives covered
Crore
Net Promoter Score (NPS)
score

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
58.01% 57.94% 57.92% 57.90% 57.70% 57.68% 57.67% 58.04% 58.03% 57.98% 57.98% 58.01%
30.63% 31.01% 26.57% 21.58% 17.65% 17.51% 18.69% 13.89% 13.51% 14.07% 15.06% 16.04%
6.11% 6.11% 11.14% 15.10% 17.05% 16.49% 15.44% 21.08% 21.09% 20.96% 20.31% 19.41%
5.23% 4.96% 4.38% 5.40% 7.60% 8.32% 8.22% 6.97% 7.38% 6.99% 6.66% 6.55%
No. of Shareholders 1,71,4231,83,3431,75,2981,89,3471,96,7782,17,5162,21,6122,03,5632,02,9381,86,4481,79,0671,68,763

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

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