Star Health & Allied Insurance Company Ltd

Star Health Insu Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Star Health & Allied Insurance Company Ltd

₹ 520 0.52%
08 May - 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 ₹ 30,606 Cr.
  • Current Price ₹ 520
  • High / Low ₹ 587 / 366
  • Stock P/E 55.0
  • Book Value ₹ 163
  • Dividend Yield 0.00 %
  • ROCE 8.57 %
  • ROE 6.70 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.20 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.66% 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 Nifty 500 Nifty Smallcap 100 BSE Financial Services BSE 250 SmallCap Index

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
3,131 3,293 3,461 3,578 3,688 3,816 4,058 4,146 4,081 4,233 4,378 4,566 4,648
2,996 2,909 3,296 3,191 3,502 3,391 3,912 3,861 4,089 3,882 4,303 4,395 4,500
Operating Profit 135 384 165 387 186 425 147 285 -7 351 75 172 148
OPM % 4% 12% 5% 11% 5% 11% 4% 7% -0% 8% 2% 4% 3%
1 0 2 1 3 1 2 2 6 1 3 2 4
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 136 384 167 388 190 426 149 287 -1 352 78 173 151
Tax % 25% 25% 25% 25% 25% 25% 25% 25% -159% 25% 29% 26% 26%
102 288 125 290 142 319 111 215 1 263 55 128 111
EPS in Rs 1.75 4.95 2.15 4.95 2.43 5.45 1.89 3.66 0.01 4.47 0.93 2.18 1.89
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
1,069 1,595 2,012 2,888 3,775 4,987 5,050 10,602 12,096 14,021 16,101 17,825
1,189 1,439 1,871 2,673 3,565 4,544 6,447 11,962 11,223 12,840 15,180 17,080
Operating Profit -120 156 141 215 210 443 -1,397 -1,360 873 1,182 921 745
OPM % -11% 10% 7% 7% 6% 9% -28% -13% 7% 8% 6% 4%
0 0 0 0 0 0 -3 7 5 6 11 9
Interest 1 2 3 20 0 0 0 0 0 0 0 0
Depreciation 19 18 20 23 28 29 46 43 52 59 71 0
Profit before tax -140 137 118 171 182 413 -1,446 -1,397 826 1,129 861 754
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
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
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: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -4%
1 Year: 45%
Return on Equity
10 Years: 3%
5 Years: 5%
3 Years: 10%
Last Year: 7%

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 8,990
0 0 0 250 250 250 250 720 470 470 470 490
954 1,012 1,423 2,138 3,394 4,233 6,756 8,174 9,313 10,914 13,255 13,551
Total Liabilities 1,096 1,372 2,213 3,347 4,872 6,127 10,501 13,514 15,226 17,768 20,785 23,619
46 62 77 92 85 90 183 113 217 159 161 287
CWIP 12 3 7 5 13 12 19 4 10 16 24 0
Investments 502 807 1,428 2,165 3,030 4,290 6,733 11,373 13,276 15,491 17,898 21,008
535 500 700 1,085 1,744 1,735 3,565 2,024 1,723 2,102 2,701 2,325
Total Assets 1,096 1,372 2,213 3,347 4,872 6,127 10,501 13,514 15,226 17,768 20,785 23,619

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
-497 -663 -731 -1,006 -2,418 -3,786 -1,097 -1,177 -1,151
310 249 333 122 2,613 2,509 -268 23 -4
Net Cash Flow 134 143 379 -237 1,086 -1,221 -89 156 224
Free Cash Flow 283 521 746 614 844 -7 1,229 1,187 1,297
CFO/OP 228% 260% 397% 168% -70% -4% 145% 119% 170%

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 -44
ROCE % 55% 21% 19% 14% 25% -51% -31% 15% 18% 12% 9%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Lives Covered
Crore

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Retail Health Market Share
%
Network Hospitals
absolute
Number of Licensed Agents
absolute
Number of Branches
absolute
Claims Settled (Annual/YTD)
Million
Average Sum Insured - Retail Fresh
INR Lacs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.26% 58.01% 57.94% 57.92% 57.90% 57.70% 57.68% 57.67% 58.04% 58.03% 57.98% 57.98%
33.09% 30.63% 31.01% 26.57% 21.58% 17.65% 17.51% 18.69% 13.89% 13.51% 14.07% 15.06%
3.08% 6.11% 6.11% 11.14% 15.10% 17.05% 16.49% 15.44% 21.08% 21.09% 20.96% 20.31%
5.56% 5.23% 4.96% 4.38% 5.40% 7.60% 8.32% 8.22% 6.97% 7.38% 6.99% 6.66%
No. of Shareholders 1,69,3581,71,4231,83,3431,75,2981,89,3471,96,7782,17,5162,21,6122,03,5632,02,9381,86,4481,79,067

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls