Star Health & Allied Insurance Share Price
STARHEALTH
Star Health & Allied Insurance Share Price Chart
About Star Health & Allied Insurance
Star Health & Allied Insurance Financials
Market cap ₹27,152 Crs | Open ₹465.75 | Close ₹462.10 |
Circuit range ₹554.50 - ₹369.70 | Day range ₹457.30 - ₹465.75 | Year range ₹452.70 - ₹647.00 |
Volume 5,56,168 | Avg. traded ₹459.24 | Revenue (12m) ₹14,636 Crs |
Star Health and Allied Insurance Company Limited is a private health insurance company headquartered in Chennai. Star Health was founded in 2006. It was the first company in India solely dedicated to health insurance, personal accident and overseas travel insurance coverage.
The market capitalisation of Star Health and Allied Insurance Company Limited is over ₹32,000 crore as of January 8, 2023. Star Health share price has dropped around 6% in the last one year.
Business operations
Star Health Insurance has one of the most extensive networks of medical facilities and testing centres. Through a collaboration with over 14,000 healthcare centres across India, Star Health has solidified its reputation as a health insurance company. The company operates with pre-established agreements with over 10,500 hospitals. In FY23, Star Health handled 1.08 million claims through its network hospitals, with 73.3% processed as cashless transactions.
The company provides innovative health, personal accident and travel insurance products tailored to the requirements of the Indian market. Star Health provides coverage options primarily for retail health, group health, personal accident and overseas travel. These accounted for 92.26%, 6.23%, 1.50% and 0.02% respectively of its total gross written premium (GWP) in FY 23. In addition to its products, the company offers complimentary telehealth consultations with expert in-house doctors.
Star Health has covered more than 17 crore lives since our inception. Its dedicated in-house claim settlement team settles claims totalling over ₹4 crore every hour. The insurance company has over 6.3 lakh agents attending to customer needs across India.
Star Health has been the top performer in the non-public health insurance sector regarding new branch openings since FY18. It operates across 25 states and five Union Territories, with a network supported by 835 branches, 200 in rural areas. It has 369 sales manager stations and 6,468 sales managers.
The company also uses various distribution channels. It has partnered with 85 corporate agents, 37 banks and 48 other entities, along with 469 brokers, 8 web aggregators and 85 insurance marketing firms. Star Health has also established strategic alliances with PSU banks, private banks, rural banks and NBFCs.
The company generated 39% of its revenues from South India, 22% from West India, 30% from North India and 8% from East India in FY3.
Star Health employs 14,750 people as of March 31, 2023 of the total employees.
Financial Highlights
Star Health's total revenue for FY23 stood at ₹13,154 crore. The company’s revenue was up by 13.4%, as compared to ₹11,602 crore in FY22. The net profit after tax for FY23 was ₹619 crore compared to a loss of ₹1,041 crore during the previous year. The company's diluted earnings per share (EPS) stood at ₹10.70 in FY23 compared to -₹18.65 in the previous financial year.
Star Health & Allied Insurance Key indicators
52 week high ₹647.00 | 52 week low ₹452.70 | P/E ratio 31.9 |
P/B ratio 4.04 | ROE 14.36% | ROCE 17.76% |
Dividend yield -- | Debt/Equity ratio 0.07 | EPS 14.44 |
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Analyst ratings:
Analyst ratings:
60%
Hold
10%
Sell
30%
This analysis is based on the reviews of 20 experts in the last 7 days
Star Health & Allied Insurance Fundamentals
Star Health & Allied Insurance Financial Ratios
Operating profit margin5.65% | Net profit margin6.53% |
ROE14.36% | ROA13.16% |
ROCE17.76% |
Quick ratio0.16 | Current ratio0.16 |
Interest coverage0 | Asset turnover2.01 |
Debt to Equity0.07 |
P/E ratio31.9 | P/B ratio4.04 |
EV / EBITDA43.52 | |
Dividend yield0% |
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Revenue statement
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Balance sheet
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Star Health & Allied Insurance Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹462.40 | ₹462.10 | -0.30% |
Mon, Nov 18 2024 | ₹474.00 | ₹463.50 | -2.37% |
Thu, Nov 14 2024 | ₹470.00 | ₹474.75 | |
Wed, Nov 13 2024 | ₹470.00 | ₹466.75 | -1.12% |
Tue, Nov 12 2024 | ₹474.45 | ₹472.05 | -1.49% |
Mon, Nov 11 2024 | ₹478.00 | ₹479.20 | -0.52% |
Fri, Nov 8 2024 | ₹502.00 | ₹481.70 | -3.44% |
Thu, Nov 7 2024 | ₹481.40 | ₹498.85 |