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

₹ 465 0.29%
13 Dec - 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 Q1FY25[1]
Retail Health Insurance - 31%
Retail Health (among SAHIs) - 55%

Website BSE NSE
  • Market Cap ₹ 27,313 Cr.
  • Current Price ₹ 465
  • High / Low ₹ 648 / 452
  • Stock P/E 31.7
  • Book Value ₹ 119
  • Dividend Yield 0.00 %
  • ROCE 17.7 %
  • ROE 14.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 45.8% CAGR over last 5 years

Cons

  • Stock is trading at 3.89 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 2.83% 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

Sector: Insurance Industry: Finance & Investments

Part of Nifty LargeMidcap 250 Nifty MidSmallcap 400 BSE 400 MidSmallCap Index Nifty Midcap 150 Nifty Total Market

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,702 2,711 2,801 2,891 3,002 3,073 3,131 3,293 3,461 3,578 3,688 3,816 4,058
2,942 3,479 2,918 2,605 2,882 2,793 2,996 2,909 3,296 3,191 3,502 3,391 3,912
Operating Profit -239 -768 -117 286 120 280 135 384 165 387 186 425 147
OPM % -9% -28% -4% 10% 4% 9% 4% 12% 5% 11% 5% 11% 4%
7 0 1 2 1 2 1 0 2 0 3 1 2
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 -232 -768 -116 288 121 282 136 384 167 388 190 426 149
Tax % -27% -25% -29% 26% 23% 25% 25% 25% 25% 25% 25% 25% 25%
-170 -578 -82 213 93 210 102 288 125 290 142 319 111
EPS in Rs -3.08 -10.05 -1.43 3.70 1.61 3.62 1.75 4.95 2.15 4.95 2.43 5.45 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 TTM
1,069 1,595 2,012 2,888 3,775 4,987 5,050 10,602 12,096 14,022 15,141
1,189 1,439 1,871 2,673 3,565 4,544 6,447 11,962 11,223 12,839 13,996
Operating Profit -120 156 141 215 210 443 -1,397 -1,360 873 1,184 1,145
OPM % -11% 10% 7% 7% 6% 9% -28% -13% 7% 8% 8%
0 0 0 0 0 0 -3 7 5 4 7
Interest 1 2 3 20 0 0 0 0 0 0 0
Depreciation 19 18 20 23 28 29 46 43 52 59 0
Profit before tax -140 137 118 171 182 413 -1,446 -1,397 826 1,129 1,152
Tax % 0% 0% 0% 1% 30% 35% -25% -25% 25% 25%
-140 137 118 170 128 268 -1,086 -1,041 619 845 862
EPS in Rs -3.87 3.53 2.59 3.73 2.81 5.46 -19.81 -18.08 10.63 14.44 14.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 41%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 46%
3 Years: 41%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -17%
1 Year: -15%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: 3%
Last Year: 14%

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 Sep 2024
Equity Capital 362 387 456 456 456 491 548 576 582 585 588
Reserves -220 -27 334 504 773 1,153 2,947 4,045 4,862 5,799 6,427
0 0 0 250 250 250 250 720 470 470 470
954 1,012 1,423 2,138 3,394 4,233 6,756 8,174 9,313 10,914 11,236
Total Liabilities 1,096 1,372 2,213 3,347 4,872 6,127 10,501 13,514 15,226 17,768 18,721
46 62 77 92 85 90 183 113 217 369 185
CWIP 12 3 7 5 13 12 19 4 10 16 0
Investments 502 807 1,428 2,165 3,030 4,290 6,733 11,373 13,276 15,280 16,431
535 500 700 1,085 1,744 1,735 3,565 2,024 1,723 2,102 2,105
Total Assets 1,096 1,372 2,213 3,347 4,872 6,127 10,501 13,514 15,226 17,768 18,721

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
321 557 776 647 890 56 1,276 1,310
-497 -663 -731 -1,006 -2,418 -3,786 -1,097 -1,177
310 249 333 122 2,613 2,509 -268 23
Net Cash Flow 134 143 379 -237 1,086 -1,221 -89 156

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
Debtor Days 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
Working Capital Days -255 -179 -191 -196 -260 -238 -397 -258 -255 -249
ROCE % 55% 21% 19% 14% 25% -51% -31% 15% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.90% 58.90% 58.84% 58.63% 58.28% 58.29% 58.26% 58.01% 57.94% 57.92% 57.90% 57.70%
9.91% 9.78% 9.61% 10.31% 35.52% 35.24% 33.09% 30.63% 31.01% 26.57% 21.58% 17.65%
27.44% 27.30% 27.21% 1.46% 1.26% 1.44% 3.08% 6.11% 6.11% 11.14% 15.10% 17.05%
3.75% 4.02% 4.34% 29.58% 4.95% 5.02% 5.56% 5.23% 4.96% 4.38% 5.40% 7.60%
No. of Shareholders 1,91,5081,79,0691,73,8411,74,8171,72,1671,64,9121,69,3581,71,4231,83,3431,75,2981,89,3471,96,778

* 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.

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