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CARE HEALTH INSURANCE LIMITED

  • www.careinsurance.com
  • Sector: Insurance
  • CHRYSEUM SCORE: 7.00/10.00
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    CARE HEALTH INSURANCE LIMITED

    • Sector: Insurance
    • CHRYSEUM SCORE: 7.00/10.00

    Description: Care Health Insurance offers health & travel insurance to individuals, families & corporates.

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    MCap/GDP

    2.30

    AVG MCap / GDP of Peer

    2.06

    Valuation Score

    1.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed peer. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    38.93%

    PAT Growth

    43.94%

    ROE

    13.87%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and the PAT on a 3 year CAGR basis. It also encompasses how the company’s ROE fares when compared to the average ROE of the industry.

    Key Metrics

    Max Score: 1.50

    Solvency Ratio

    1.74

    Combined Ratio

    96.70%

    Key Metrics Score

    1.00

    The Solvency Ratio is compared to the standard 1.5 IRDAI benchmark, higher the ratio, higher the score. Combined Ratio is compared to the company’s key competitors.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹159.00 -1.00 (-0.63%)

As on 09 May, 2025
L 159.00 52 Week Range H 188.00
Company Description : Care Health Insurance offers health & travel insurance to individuals, families & corporates. It is one of the leading Standalone Health Insurance company
Company Overview
  • Name of Company CARE HEALTH INSURANCE LIMITED
  • Sector Insurance
  • ISIN INE119J01011
  • Scrip Code CARE HEALTH
  • CIN U66000DL2007PLC161503
  • Pan No AADCR6281N
  • Face Value 10
  • Price ₹ 159.00
  • No. of Shares outstanding 97.31 Cr.
  • Market Cap ₹ 15,472.68 Cr
Financials
  • Revenue from operations ₹ 356.02 Cr.
  • EBITDA ₹ 410.07 Cr.
  • EBITDA Margin % 115.18%
  • Profit After Tax ₹ 304.89 Cr.
  • PAT Margin % 61.11%
  • EPS 3.13
  • Stock P/E 50.80
  • Book Value Per Share 22.58
  • P/B 7.04
  • Debt/Equity 0.00
Other Key Statistics
  • 52 week High/Low 188.00/159.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 10.66%
  • EBITDA Growth - 3 years 75.79%
  • PAT Growth - 3 years 43.94%
  • EPS Growth - 3 years 43.92%
  • ROE 13.87%
  • ROCE 8.02%
  • Cash Equivalents 95.84
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name Care Health Insurance Limited Star Health & Allied Insurance Company Niva Bupa Health Insurance Company Ltd
Listing Status Unlisted Listed Listed
Gross Direct Premium 6,864.46 15,254.45 5,607.57
Net Premiums Earned 5,328.67 12,938.27 3,811.24
Total Income 5,827.57 27,054.95 4,118.63
Operating Profit 356.02 730.93 188.02
PAT 304.90 845.01 81.85
No. of Shares Outstanding 97.31 58.77 182.70
EPS (in ₹) 3.13 14.38 0.45
Share Capital 972.04 585.28 1,699.54
Total Net Worth 2,197.74 6,628.22 2,981.74
Total Assets 7,112.97 1,743.54 3,232.62
Total Debt 0.00 470.00 250.00
Key Metrics:
CMP* 159.00 359.70 86.73
Market Cap (In Cr.) 15,472.68 21,139.57 15,845.57
Market Cap/Sales 2.66 0.78 3.85
EPS (Earnings Per Share) 3.13 14.38 0.45
BVPS (Book Value Per Share) 22.58 112.79 16.32
P/E 50.80 25.01 192.73
P/BV 7.04 3.19 5.31
Market Cap/Gross Direct Premium 2.55 1.78 2.70
Market Cap/Premium Earned (Net) 3.29 2.10 3.98
Solvency Margin Ratio 1.74 2.21 2.55
*Market Price in ₹ as on 09 May, 2025

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 356.02 643.72 282.97 262.75 278.42
Y-o-Y Revenue Growth -44.69% 127.49% 7.70% -5.63% 6.02%
Other Income 142.88 105.06 58.40 60.11 0.58
Total Income 498.90 748.78 341.37 322.86 279.00
Total Expenses (Excludes Interest and Depreciation) 88.83 420.82 325.82 247.37 213.11
Operating Profit (After deducting Depreciation) 267.19 222.90 -42.85 15.38 65.31
OPM % 75.05 34.63 -15.14 5.85 23.46
EBITDA 410.07 327.96 15.55 75.49 65.89
Depreciation 0.00 0.00 0.00 0.00 0.00
EBIT 410.07 327.96 15.55 75.49 65.89
Interest 0.00 0.00 0.00 0.00 0.00
EBT before Exceptional Items 410.07 327.96 15.55 75.49 65.89
Prior period/Exceptional /Extra Ordinary Items 0.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 410.07 327.96 15.55 75.49 65.89
Tax 105.18 82.12 4.05 -26.74 0.24
Net Profit 304.89 245.84 11.50 102.23 65.65
EPS in Rs 3.13 2.53 0.12 1.05 0.67
EPS Change % 24.02% 2,037.74% -88.75% 55.72% 15.36%
EBITDA Change % 25.04% 2,009.07% -79.40% 14.57% 15.78%
Profit growth 24.02% 2,037.74% -88.75% 55.72% 15.36%
ROCE 8.02% 8.29% 0.57% 3.55% 5.00%
ROE 13.87% 14.05% 0.89% 9.86% 11.22%
Debt / Equity Ratio 0.00 0.00 0.00 0.00 0.00
Sales growth 3Years 10.66%
Sales growth 5Years 6.27%
Dividend per share 0.00

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 972.04 942.23 908.57 841.04 727.95
Reserves 1,197.78 806.94 380.63 196.12 -142.75
Total shareholders' funds 2,197.74 1,749.17 1,289.20 1,037.16 585.20
Borrowings 0.00 0.00 0.00 0.00 0.00
Other Liabilities 2,002.56 1,559.46 1,161.19 791.88 681.19
Total Liabilities 4,915.23 3,772.88 2,690.36 1,880.12 1,414.81
Fixed Assets 41.90 56.18 55.07 47.03 53.06
Capital WIP 0.00 0.00 1.97 1.97 1.47
Investments 6,632.92 5,076.29 3,566.08 2,635.01 1,775.73
Other Assets 301.08 237.30 157.48 126.88 0.00
Total Assets 7,112.97 5,516.39 3,897.27 2,917.28 2,000.24
Cash Equivalents 95.84 99.81 78.69 45.68 55.86
Total Current liability 2,002.56 1,559.46 1,161.19 791.88 681.19
Total Assets -Total Current liabilty 5,110.41 3,956.93 2,736.08 2,125.40 1,319.05

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity 1,048.47 1,029.29 667.51 379.21 334.20
Net Cash from / (used in) Investing Activity -1,167.95 -1,305.71 -787.16 -725.74 -376.77
Net Cash from / (used in) Financing Activity 115.75 295.75 153.16 337.37 58.76
Net Inc/Dec In Cash And Cash Equivalents -3.97 21.13 33.01 -10.18 15.62

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 81.77 84.12%
Non Promoters 15.43 15.88%

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