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Star Health & Allied Insurance Company Ltd share Price Today

Company details

553.00
573.80
454.80
675.00
6M Return -1.15%
1Y Return -5.46%
Mkt Cap.(Cr) 32,491.99
Volume 454,014
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 454,014

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Steady Q4; strong guidance remains encouraging...
About The Stock

    Star Health is the largest standalone insurer engaged in the health insurance segment with relatively superior market share, operating performance.

    • Star Health is a market leader in the retail health insurance segment with ~34% market share as of March 2023
    • Star Health has 835 branches and 14200+ network hospitals, with a presence in 25 states and five union territories
Q4FY23

    Premium growth remains healthy.

    • GWP up 13.8% YoY to ₹ 4199 crore, NWP up 15.0% & NEP up 11.1% YoY
    • Incurred claims flat YoY, QoQ. Claims ratio was at 65%
    • Combined ratio within guidance at 95.3%; underwriting loss at ₹ 65 crore
    • Net profit was at ₹ 102 crore vs. a loss of ₹ 122 crore YoY

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General Insurance company Star Health and Allied Insurance Company announced Q4FY24 & FY24 results:

Financial Highlights:

- Profit After Tax (PAT): Star Health recorded a stellar PAT of Rs 845 crore in FY24, marking a significant 37% increase from the previous fiscal year.
- Gross Written Premium (GWP): The GWP saw an 18% rise, reaching Rs 15,254 crore in FY24, indicating robust growth in the company's core business operations.
- Q4 Performance: For Q4FY24, PAT stood at Rs 142 crore, a 40% YoY increase, with GWP growing by 18% to Rs 4,968 crore for the same quarter.
- Combined Ratio: The financial year concluded with a combined ratio of 96.7% and improved to 92.7% in Q4FY24.
- Claim Ratio: The FY24 claim ratio was 66.5%, with a Q4 claim ratio at 64.1%.

Operational Performance
- Market Share: In the retail health insurance segment, Star Health maintained its dominant position with a 33% market share. Its market share among general insurance companies rose modestly by 22 basis points to 5.26%.
- Expense of Management Ratio: The company efficiently kept this ratio at 30.7%, below the 35% regulatory requirement.
- Cashless Claims: An enhancement in cashless claims payout was observed, with 87% in FY24 compared to 80% in FY23.

Expansion and Growth
- Distribution Network: The addition of 16,000 agents in Q4FY24 and a total of 75,000 in FY24 expanded the agent count to 7,01,000.
- Phygital Presence: Strategic increments to the company's physical and digital presence include 881 branches and 14,295 network hospitals.

Commenting on the results Anand Roy, MD & CEO of Star Health Insurance said, "We at Star Health made a conscious journey of putting risk-first and growth later, which helped us in carving a path towards sustainable secular growth. We have yet again delivered record profits, which reflects our financial strength and stability, and underscores our competitive advantage and customer-centric approach. Our results demonstrate strengthened fundamentals through our sharpened focus on innovative product offerings and sound claim settlement process. Continuing to consolidate our market leadership, we are now shifting gears towards accelerating growth with profit. Our steady expansion in both volume and profit, showcases the strength of our customer's continued trust in us. We delivered robust growth across all our channels, including agency, bancassurance, and digital. This well positions us to rapidly scale up our business towards a sustained accelerated growth trajectory."

Result PDF

View Other Company Results

Star Health & Allied Insurance Company Ltd shares SWOT Analysis

Strengths (13)

  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (1)

  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (3)

  • Positive Breakout Second Resistance ( LTP > R2)
  • Street Favorite: High Analyst Rating with at least 20% upside
  • High Volume, High Gain

Threats (4)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 545.4
R2 550.9
R3 555.7
Pivot

540.55

S1 535.1
S2 530.3
S3 524.8
EMA SMA
548.0
552.4
556.9
567.1
549.6
552.5
556.0
573.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2024-03-19 540 3574074 NSE
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED Bulk Purchase 2024-03-01 553 3000000 BSE
APIS GROWTH 6 LTD Bulk Sell 2024-03-01 553.01 10000000 BSE
Name Category Shares
LATE JHUNJHUNWALA RAKESH RADHESHYAM PROMOTER 14.16%
REKHA JHUNJHUNWALA PROMOTER 3.05%
SAFECROP INVESTMENTS INDIA LLP PROMOTER 40.4%

OUR RESEARCH VIEW

Investment recommendation
Steady Q4; strong guidance remains encouraging...
Call Date
08 May 2023
Entry Price 600.00
Target Price 700.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Star Health & Allied Insurance Company Ltd Stocks COMPARISON

Financials( in Cr) Star Health & Allied Insurance Company Ltd Life Insurance Corporation of India SBI Life Insurance Company Ltd HDFC Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd
Price 555.15 1,043.70 1,437.00 561.85 584.00
% Change 2.82 -1.11 0.67 0.26 1.14
Mcap Cr 32,491.99 660,140.04 143,910.52 120,850.79 84,131.97
Revenue TTM Cr 12,096.16 784,627.64 80,635.64 70,207.08 49,404.07
Net Profit TTM Cr 618.59 35,996.65 1,720.57 1,368.28 813.49
PE TTM 37.35 16.55 75.44 76.52 97.94
1 Year Return -5.46 80.73 24.87 -0.91 33.78
ROCE 13.32 0.95 0.66 0.62 0.44
ROE 11.05 124.84 14.14 9.60 8.67
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,447.96 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80
Star Health and Allied Insurance Company Limited - Analysts/Institutional Investor Meet/Con. Call Up

May 22, 2024 l NSE Announcement

Star Health and Allied Insurance Company Limited - Disclosure under SEBI Takeover Regulations

May 21, 2024 l NSE Announcement

Star Health And Allied Insurance Company Limited - Analysts/Institutional Investor Meet/Con. Call Up

May 16, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Star Health & Allied Insurance Company Ltd Information

Stock PE (TTM)
37.35
Promoter Holding
57.92%
Book Value
115.0178
ROCE
13.32%
ROE
11.05%
Description
  • Star Health and Allied Insurance Company Limited was incorporated on 17 June, 2005 at Chennai. The Company was granted its Certificate for Commencement of Business on 09 December, 2005 by the RoC. Star Health is India`s first Standalone Health Insurance provider, which has widened its coverage to Health, Personal Accident and Overseas Travel Insurance. It provides policies customised around the needs of individuals, families and companies. These services are provided through a distribution network comprising agents, brokers and the online format. The Company is also prominently engaged in bancassurance on basis of long-standing relationships with banks. Star Health is one of India`s biggest private health insurers with a market share of 15.35% in FY2021-22. The Company has one of the largest health insurance hospital networks in India comprising more than 12,820 hospitals as of 31 March, 2022. The Company offers a range of flexible and comprehensive coverage options for the following insurance types:i. Retail health insurance, which is paid for by private individuals or families, generally through out-ofpocket expenses or private insurance,ii. Group health insurance, which is paid for by employers typically in the form of company health insurance plans that could involve co-payments by the employee,iii. Government health insurance, which is paid for by the government, typically in the form of central or state government health insurance programmes,iv. The Company also offers personal accident and travel insurance, paid for by individuals or families or employers. During the month of December 2021,the company came out with an Rs 6400-crore public issue which comprised of Rs 2000 crore of fresh issue and Rs 4400 crore of offer for sale.The IPO shares were allotted at the price of Rs 900 per share including a premium of Rs 890 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 10 December 2021. In FY 2021-22, the Company increased branch offices and rural branch offices by 20 and 50 respectively, enhancing customer proximity. As of 31st March, 2022, there was a growth in distribution network to 807 health insurance branches across 26 states and 4 Union Territories in India. In 2022-23, the Company`s distribution network reached 835 branches across 25 States and 5 Union Territories. The business added 20 branch offices and 8 rural branches.

Registered Address

1 New Tank St. Valluvarkottam, High Road Nungambakkam, Chennai, Tamil Nadu, 600034

Tel : 91-44-2828 8800
Email : investors:starhealth.in
Website : http://www.starhealth.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543412
NSE Code : STARHEALTH
Book Closure Date (Month) :
BSE Group : A
ISIN : INE575P01011

FAQ’s on Star Health & Allied Insurance Company Ltd Shares

You can buy Star Health & Allied Insurance Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Star Health & Allied Insurance Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 23, 2024 09:24 AM the closing price of Star Health & Allied Insurance Company Ltd was Rs.555.15.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 23, 2024 09:24 AM, the market cap of Star Health & Allied Insurance Company Ltd stood at Rs. 32,491.99.

The latest PE ratio of Star Health & Allied Insurance Company Ltd as of May 23, 2024 09:24 AM is 37.35

The latest PB ratio of Star Health & Allied Insurance Company Ltd as of May 23, 2024 09:24 AM is 0.21

The 52-week high of Star Health & Allied Insurance Company Ltd share price is Rs. 675.00 while the 52-week low is Rs. 454.80

According to analyst recommendations, Star Health & Allied Insurance Company Ltd Share has a "Buy" rating for the long term.

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