1. Star Health & Allied Insurance
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67% Buy

Star Health & Allied Insurance Share Price

STARHEALTH

₹550.70-₹8.00 (-1.43%) Past Year
₹548.65₹565.00
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Company overview

About

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Market cap

Market Cap Switch₹32,232 Cr

Open

₹558.70

Close

₹558.70

Circuit range

₹670.40 - ₹447.00

Day range

₹548.65 - ₹565.00

Year range

₹454.80 - ₹675.00

Volume

3,45,110

Avg. traded

₹554.37

Revenue (12m)

₹13,056 Cr

Star Health & Allied Insurance

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.

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Star Health & Allied Insurance Key indicators

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52 week high

₹675.00

52 week low

₹454.80

P/E ratio

40.79

P/B ratio

4.67

ROE

12.42%

ROCE

14.83%

Dividend yield

--

Debt/Equity ratio

0.09

EPS

10.63

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

67%

Hold

0%

Sell

33%

This analysis is based on the reviews of 18 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

6.27%

Net profit margin

5.49%

ROE

12.42%

ROA

10.97%

ROCE

14.83%

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Star Health & Allied Insurance Shareholder returns

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1 day

-1.43%

1 week

-1.26%

1 month

+0.15%

3 months

-0.91%

1 year

-8.21%

3 years

-39.27%

5 years

-39.27%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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No data available at the moment

Star Health & Allied Insurance Share Price history

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DayOpenCloseDay’s change
Fri, Apr 12 2024
₹558.70
₹550.70
-1.45%
Wed, Apr 10 2024
₹554.50
₹558.70
+0.75%
Tue, Apr 9 2024
₹571.45
₹561.80
-1.72%
Mon, Apr 8 2024
₹565.65
₹563.35
-0.41%
Fri, Apr 5 2024
₹561.35
₹563.75
+0.43%
Thu, Apr 4 2024
₹566.40
₹557.70
-1.56%
Wed, Apr 3 2024
₹565.00
₹560.05
-0.88%
Tue, Apr 2 2024
₹556.80
₹559.45
+0.47%

Shareholding info

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Promoters (57.94%)

Mutual Funds (3.61%)

Retail and other (4.96%)

Foreign institutions-FII (31.01%)

Other domestic institutions (2.49%)

Promoters

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Events

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Frequently asked questions