Niva Bupa Health Insurance Company Ltd.
•₹ 82.62-0.31%
2026-08-21
PROS
- Latest quarter profit grew 92.9% YoY, showing strong momentum
- Institutional investors have been accumulating - FII+DII up 2.4pp
- Attractively priced for its growth - PEG of 0.8
- Company converts assets efficiently - asset turnover of 1.8x
CONS
- Company is loss-making at the operating / net level
- Promoter holding has decreased over last 2 years: -44.2pp
- Company has a low return on equity of 6.1% over last 3 years
- Free cash flow has been persistently negative
- Operating margins have contracted to -7.7% from 13.2%
- Effective tax rate is unusually low at 0.0% - earnings may be flattered
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LICI | 421.00 | 8.86 | 532564.81 | 2.38 | 135866.90 | 23.98 | 1276231.60 | 6.69 | 37.75 | -76.97 |
| 2. | SBILIFE | 1780.95 | 0.00 | 178691.54 | 0.15 | 7249.30 | 21.97 | 200782.10 | 16.88 | 14.15 | -127.01 |
| 3. | HDFCLIFE | 541.20 | 59.53 | 117574.35 | 0.39 | 611.19 | 11.46 | 16727.63 | 15.05 | 10.01 | -98.79 |
| 4. | ICICIGI | 1629.00 | 0.00 | 81372.99 | 0.83 | 4031.70 | 439.66 | 59500.40 | 1058.48 | 23.62 | -10.35 |
| 5. | ICICIPRULI | 503.00 | 0.00 | 72975.84 | 0.33 | 623.91 | 61.94 | 19180.08 | 17.17 | 11.82 | 79.46 |
| 6. | GICRE | 359.80 | 7.11 | 63123.31 | 3.68 | 1743.67 | -31.10 | 11097.77 | -1.56 | 21.11 | -10.45 |
| 7. | STARHEALTH | 575.55 | 0.00 | 33878.23 | 0.00 | 549.73 | 109.40 | 4917.20 | 24.86 | 9.70 | 2.89 |
| 8. | NIACL | 183.10 | 39.22 | 30174.88 | 0.82 | -2391.50 | -695.39 | 97472.80 | 934.31 | 5.44 | -24.14 |
| 9. | GODIGIT | 256.60 | 0.00 | 23728.77 | 0.00 | 86.39 | -37.55 | 2006.96 | 7.61 | 13.56 | -15.23 |
| 10. | NIVABUPA | 83.05 | 0.00 | 15357.89 | 0.00 | 137.80 | 250.70 | 2273.72 | 86.37 | 3.75 | -0.22 |
| 11. | CANHLIFE | 151.45 | 0.00 | 14387.75 | 0.26 | 281.40 | 1101.54 | 20475.20 | 1138.35 | 8.35 | -112.52 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 900 | 950 | 1,218 | 1,018 | 1,213 | 1,136 | 1,527 | 1,220 | 1,422 | 1,454 | 1,972 | 2,274 | |
| 1,027 | 1,071 | 1,215 | 1,228 | 1,387 | 1,282 | 1,420 | 1,464 | 1,627 | 1,705 | 1,773 | 2,288 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 119 | 126 | 154 | 191 | 187 | 159 | 99 | 153 | 170 | 164 | 143 | 198 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -8 | 5 | 157 | -19 | 13 | 13 | 206 | -91 | -35 | -88 | 341 | 184 | |
| Tax % | -0.00% | 0.00% | 0.00% | -0.00% | 0.00% | 0.00% | 0.00% | -0.00% | -0.00% | -0.00% | -1.16% | 25.00% |
| Net Profit | -8 | 5 | 157 | -19 | 13 | 13 | 206 | -91 | -35 | -88 | 345 | 138 |
| -0 | 0 | 1 | -0 | 0 | 0 | 1 | -0 | -0 | -0 | 2 | 0 | |
| Equity Capital | 1,579 | 1,699 | 1,700 | 1,700 | 1,718 | 1,827 | 1,827 | 1,845 | 1,846 | 1,847 | 1,847 | 1,849 |
| Reserves | -494 | 193 | 350 | 332 | 347 | 1,042 | 1,231 | 1,143 | 1,110 | 1,024 | 1,372 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 1,579 | 1,699 | 1,700 | 1,700 | 1,718 | 1,827 | 1,827 | 1,845 | 1,846 | 1,847 | 1,847 | 1,849 |
| Reserves | -494 | 193 | 350 | 332 | 347 | 1,042 | 1,231 | 1,143 | 1,110 | 1,024 | 1,372 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Sep 2023
- 900
- 1,027
- Operating Profit
- —
- OPM %
- —
- Other Income
- 119
- Interest
- 0
- Depreciation
- 0
- -8
- Tax %
- -0.00%
- Net Profit
- -8
- -0
- Equity Capital
- 1,579
- Reserves
- -494
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,579
- Reserves
- -494
- Promoter Pledge %
- 0.00%
Dec 2023
- 950
- 1,071
- Operating Profit
- —
- OPM %
- —
- Other Income
- 126
- Interest
- 0
- Depreciation
- 0
- 5
- Tax %
- 0.00%
- Net Profit
- 5
- 0
- Equity Capital
- 1,699
- Reserves
- 193
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,699
- Reserves
- 193
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,218
- 1,215
- Operating Profit
- —
- OPM %
- —
- Other Income
- 154
- Interest
- 0
- Depreciation
- 0
- 157
- Tax %
- 0.00%
- Net Profit
- 157
- 1
- Equity Capital
- 1,700
- Reserves
- 350
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,700
- Reserves
- 350
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,018
- 1,228
- Operating Profit
- —
- OPM %
- —
- Other Income
- 191
- Interest
- 0
- Depreciation
- 0
- -19
- Tax %
- -0.00%
- Net Profit
- -19
- -0
- Equity Capital
- 1,700
- Reserves
- 332
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,700
- Reserves
- 332
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,213
- 1,387
- Operating Profit
- —
- OPM %
- —
- Other Income
- 187
- Interest
- 0
- Depreciation
- 0
- 13
- Tax %
- 0.00%
- Net Profit
- 13
- 0
- Equity Capital
- 1,718
- Reserves
- 347
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,718
- Reserves
- 347
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,136
- 1,282
- Operating Profit
- —
- OPM %
- —
- Other Income
- 159
- Interest
- 0
- Depreciation
- 0
- 13
- Tax %
- 0.00%
- Net Profit
- 13
- 0
- Equity Capital
- 1,827
- Reserves
- 1,042
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,827
- Reserves
- 1,042
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,527
- 1,420
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 0
- Depreciation
- 0
- 206
- Tax %
- 0.00%
- Net Profit
- 206
- 1
- Equity Capital
- 1,827
- Reserves
- 1,231
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,827
- Reserves
- 1,231
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,220
- 1,464
- Operating Profit
- —
- OPM %
- —
- Other Income
- 153
- Interest
- 0
- Depreciation
- 0
- -91
- Tax %
- -0.00%
- Net Profit
- -91
- -0
- Equity Capital
- 1,845
- Reserves
- 1,143
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,845
- Reserves
- 1,143
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,422
- 1,627
- Operating Profit
- —
- OPM %
- —
- Other Income
- 170
- Interest
- 0
- Depreciation
- 0
- -35
- Tax %
- -0.00%
- Net Profit
- -35
- -0
- Equity Capital
- 1,846
- Reserves
- 1,110
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,846
- Reserves
- 1,110
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,454
- 1,705
- Operating Profit
- —
- OPM %
- —
- Other Income
- 164
- Interest
- 0
- Depreciation
- 0
- -88
- Tax %
- -0.00%
- Net Profit
- -88
- -0
- Equity Capital
- 1,847
- Reserves
- 1,024
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,847
- Reserves
- 1,024
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,972
- 1,773
- Operating Profit
- —
- OPM %
- —
- Other Income
- 143
- Interest
- 0
- Depreciation
- 0
- 341
- Tax %
- -1.16%
- Net Profit
- 345
- 2
- Equity Capital
- 1,847
- Reserves
- 1,372
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,847
- Reserves
- 1,372
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,274
- 2,288
- Operating Profit
- —
- OPM %
- —
- Other Income
- 198
- Interest
- 9
- Depreciation
- 0
- 184
- Tax %
- 25.00%
- Net Profit
- 138
- 0
- Equity Capital
- 1,849
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,849
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,121 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,394 | |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 3 | 0 | 0 | 0 | 7 | 6 | 3 | 13 | 1 | 675 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -4 | 23 | -48 | -62 | -50 | -197 | 13 | 82 | 214 | 127 | 402 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 10 |
| Net Profit | -4 | 23 | -48 | -62 | -50 | -197 | 13 | 82 | 214 | 131 | 360 |
| EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | 0 | -0 | -1 | -0 | -1 | 0 | 0 | 1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | 0 | -0 | -1 | -0 | -1 | 0 | 0 | 1 | 1 | — |
Mar 2017
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -4
- Tax %
- 0
- Net Profit
- -4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2018
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 23
- Tax %
- 0
- Net Profit
- 23
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -48
- Tax %
- 0
- Net Profit
- -48
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -62
- Tax %
- 0
- Net Profit
- -62
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2021
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -50
- Tax %
- 0
- Net Profit
- -50
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 0
- -197
- Tax %
- 0
- Net Profit
- -197
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2023
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 0
- 13
- Tax %
- 0
- Net Profit
- 13
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 82
- Tax %
- 0
- Net Profit
- 82
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2025
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 13
- Interest
- 0
- Depreciation
- 0
- 214
- Tax %
- 0
- Net Profit
- 214
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2026
- 0
- 0
- Operating Profit
- 0
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 127
- Tax %
- -3
- Net Profit
- 131
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 7,121
- 7,394
- Operating Profit
- —
- OPM %
- —
- Other Income
- 675
- Interest
- 9
- Depreciation
- 0
- 402
- Tax %
- 10
- Net Profit
- 360
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 118%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -3%
RETURN ON EQUITY
- 10 Years:
- -6%
- 5 Years:
- -3%
- 3 Years:
- 6%
- Last Year:
- 4%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 926 | 926 | 981 | 1,126 | 1,350 | 1,409 | 1,511 | 1,700 | 1,827 | 1,847 |
| -693 | -670 | -719 | -780 | -773 | -901 | -680 | 350 | 1,231 | 1,366 | |
| -233 | -256 | -262 | -346 | -577 | -507 | -831 | 251 | 250 | 239 | |
| Total Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,301 | 3,308 | 3,452 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 32 | 37 | 30 | 39 | 46 | 49 | 52 | 58 | 66 | 85 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 9 | 3 |
| Cash & Bank | 18 | 28 | 30 | 19 | 30 | 59 | 102 | 143 | 220 | 159 |
| -50 | -65 | -60 | -58 | -76 | -108 | -154 | 2,099 | 3,012 | 3,205 | |
| Total Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,301 | 3,308 | 3,452 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250 | 250 | 250 |
| Net Working Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contingent Liabilities | 8 | 25 | 36 | 37 | 36 | 38 | 47 | 99 | 389 | 489 |
| Book Value per Share | 2.52 | 2.76 | 2.68 | 3.07 | 4.27 | 3.60 | 5.50 | 12.06 | 16.74 | 17.39 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250 | 250 | 250 |
| Net Working Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contingent Liabilities | 8 | 25 | 36 | 37 | 36 | 38 | 47 | 99 | 389 | 489 |
| Book Value per Share | 2.52 | 2.76 | 2.68 | 3.07 | 4.27 | 3.60 | 5.50 | 12.06 | 16.74 | 17.39 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 926
- -693
- -233
- Total Liabilities
- 0
- 32
- Capital Work in Progress
- 0
- Cash & Bank
- 18
- -50
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 8
- Book Value per Share
- 2.52
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 8
- Book Value per Share
- 2.52
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 926
- -670
- -256
- Total Liabilities
- 0
- 37
- Capital Work in Progress
- 0
- Cash & Bank
- 28
- -65
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 25
- Book Value per Share
- 2.76
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 25
- Book Value per Share
- 2.76
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 981
- -719
- -262
- Total Liabilities
- 0
- 30
- Capital Work in Progress
- 0
- Cash & Bank
- 30
- -60
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 36
- Book Value per Share
- 2.68
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 36
- Book Value per Share
- 2.68
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 1,126
- -780
- -346
- Total Liabilities
- 0
- 39
- Capital Work in Progress
- 0
- Cash & Bank
- 19
- -58
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 37
- Book Value per Share
- 3.07
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 37
- Book Value per Share
- 3.07
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 1,350
- -773
- -577
- Total Liabilities
- 0
- 46
- Capital Work in Progress
- 0
- Cash & Bank
- 30
- -76
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 36
- Book Value per Share
- 4.27
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 36
- Book Value per Share
- 4.27
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 1,409
- -901
- -507
- Total Liabilities
- 0
- 49
- Capital Work in Progress
- 0
- Cash & Bank
- 59
- -108
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 38
- Book Value per Share
- 3.60
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 38
- Book Value per Share
- 3.60
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 1,511
- -680
- -831
- Total Liabilities
- 0
- 52
- Capital Work in Progress
- 0
- Cash & Bank
- 102
- -154
- Total Assets
- 0
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 47
- Book Value per Share
- 5.50
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 0
- Contingent Liabilities
- 47
- Book Value per Share
- 5.50
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 1,700
- 350
- 251
- Total Liabilities
- 2,301
- 58
- Capital Work in Progress
- 1
- Cash & Bank
- 143
- 2,099
- Total Assets
- 2,301
- Total Debt
- 250
- Net Working Capital
- 0
- Contingent Liabilities
- 99
- Book Value per Share
- 12.06
- Face Value
- 10.00
- Total Debt
- 250
- Net Working Capital
- 0
- Contingent Liabilities
- 99
- Book Value per Share
- 12.06
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 1,827
- 1,231
- 250
- Total Liabilities
- 3,308
- 66
- Capital Work in Progress
- 9
- Cash & Bank
- 220
- 3,012
- Total Assets
- 3,308
- Total Debt
- 250
- Net Working Capital
- 0
- Contingent Liabilities
- 389
- Book Value per Share
- 16.74
- Face Value
- 10.00
- Total Debt
- 250
- Net Working Capital
- 0
- Contingent Liabilities
- 389
- Book Value per Share
- 16.74
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 1,847
- 1,366
- 239
- Total Liabilities
- 3,452
- 85
- Capital Work in Progress
- 3
- Cash & Bank
- 159
- 3,205
- Total Assets
- 3,452
- Total Debt
- 250
- Net Working Capital
- 0
- Contingent Liabilities
- 489
- Book Value per Share
- 17.39
- Face Value
- 10.00
- Total Debt
- 250
- Net Working Capital
- 0
- Contingent Liabilities
- 489
- Book Value per Share
- 17.39
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 15 | 94 | 107 | 257 | 338 | 593 | 813 | 1,654 | 905 | |
| Cash from Investing | -24 | -43 | -120 | -303 | -374 | -761 | -829 | -1,882 | -2,348 | -961 |
| Cash from Financing | 28 | 0 | 55 | 145 | 280 | 374 | 280 | 1,110 | 771 | -5 |
| 12 | -28 | 29 | -51 | 164 | -49 | 43 | 41 | 78 | -62 | |
| Free Cash Flow | -13 | -4 | 86 | 80 | 241 | 310 | 560 | 779 | 1,615 | 861 |
| OCF / Net Profit | -2.29 | 0.66 | -1.95 | -1.74 | -5.17 | -1.72 | 47.25 | 9.93 | 7.75 | 6.92 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 392 | 714 | 1,277 | 1,970 | 3,504 | 4,123 |
| OCF / Net Profit | -2.29 | 0.66 | -1.95 | -1.74 | -5.17 | -1.72 | 47.25 | 9.93 | 7.75 | 6.92 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 392 | 714 | 1,277 | 1,970 | 3,504 | 4,123 |
Mar 2017
- 8
- Cash from Investing
- -24
- Cash from Financing
- 28
- 12
- Free Cash Flow
- -13
- OCF / Net Profit
- -2.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.29
- Cumulative 5-Year FCF
- 0
Mar 2018
- 15
- Cash from Investing
- -43
- Cash from Financing
- 0
- -28
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- 0
Mar 2019
- 94
- Cash from Investing
- -120
- Cash from Financing
- 55
- 29
- Free Cash Flow
- 86
- OCF / Net Profit
- -1.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.95
- Cumulative 5-Year FCF
- 0
Mar 2020
- 107
- Cash from Investing
- -303
- Cash from Financing
- 145
- -51
- Free Cash Flow
- 80
- OCF / Net Profit
- -1.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.74
- Cumulative 5-Year FCF
- 0
Mar 2021
- 257
- Cash from Investing
- -374
- Cash from Financing
- 280
- 164
- Free Cash Flow
- 241
- OCF / Net Profit
- -5.17
- Cumulative 5-Year FCF
- 392
- OCF / Net Profit
- -5.17
- Cumulative 5-Year FCF
- 392
Mar 2022
- 338
- Cash from Investing
- -761
- Cash from Financing
- 374
- -49
- Free Cash Flow
- 310
- OCF / Net Profit
- -1.72
- Cumulative 5-Year FCF
- 714
- OCF / Net Profit
- -1.72
- Cumulative 5-Year FCF
- 714
Mar 2023
- 593
- Cash from Investing
- -829
- Cash from Financing
- 280
- 43
- Free Cash Flow
- 560
- OCF / Net Profit
- 47.25
- Cumulative 5-Year FCF
- 1,277
- OCF / Net Profit
- 47.25
- Cumulative 5-Year FCF
- 1,277
Mar 2024
- 813
- Cash from Investing
- -1,882
- Cash from Financing
- 1,110
- 41
- Free Cash Flow
- 779
- OCF / Net Profit
- 9.93
- Cumulative 5-Year FCF
- 1,970
- OCF / Net Profit
- 9.93
- Cumulative 5-Year FCF
- 1,970
Mar 2025
- 1,654
- Cash from Investing
- -2,348
- Cash from Financing
- 771
- 78
- Free Cash Flow
- 1,615
- OCF / Net Profit
- 7.75
- Cumulative 5-Year FCF
- 3,504
- OCF / Net Profit
- 7.75
- Cumulative 5-Year FCF
- 3,504
Mar 2026
- 905
- Cash from Investing
- -961
- Cash from Financing
- -5
- -62
- Free Cash Flow
- 861
- OCF / Net Profit
- 6.92
- Cumulative 5-Year FCF
- 4,123
- OCF / Net Profit
- 6.92
- Cumulative 5-Year FCF
- 4,123
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -0.04 | 0.25 | -0.49 | -0.55 | -0.37 | -1.40 | 0.08 | 0.48 | 1.17 | 0.71 |
| Book Value (₹) | 2.52 | 2.76 | 2.68 | 3.07 | 4.27 | 3.60 | 5.50 | 12.06 | 16.74 | 17.39 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.04 | 0.25 | -0.49 | -0.55 | -0.37 | -1.40 | 0.08 | 0.48 | 1.17 | 0.71 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 15.63% | 19.13% | 13.00% | 13.93% | 10.86% | 2.57% | 13.18% | -5.15% | -5.10% | -7.69% |
| Net Margin % | -0.68% | 3.97% | -7.34% | -7.32% | -4.32% | -11.21% | 0.47% | 2.15% | 4.36% | 2.16% |
| ROE % | -1.66% | 9.34% | -18.67% | -20.24% | -10.78% | -36.26% | 1.87% | 5.68% | 8.36% | 4.17% |
| ROCE % | -1.66% | 9.34% | -18.67% | -20.24% | -10.78% | -29.46% | 1.36% | 4.84% | 7.62% | 3.75% |
| -1.66% | 9.34% | -18.67% | -20.23% | -10.78% | -29.50% | 1.37% | 4.84% | 7.61% | 3.87% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.12x | 0.08x | 0.08x |
| Interest Coverage (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| 0.13x | 0.21x | 0.21x | 0.14x | 0.17x | 0.14x | 0.16x | 0.17x | 0.23x | 0.19x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 38.46% | 5.80% | 14.52% | 27.54% | 36.83% | 52.28% | 51.94% | 43.13% | 28.42% | 23.97% |
| Operating Profit Growth % | 204.42% | 29.50% | -22.18% | 36.67% | 6.66% | -63.92% | 678.44% | -46.42% | -4.25% | -133.45% |
| Net Profit Growth % | 94.63% | 721.22% | -311.85% | -27.21% | 19.19% | -295.11% | 106.38% | 552.66% | 160.87% | -38.75% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 480.14% | 142.67% | -39.43% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 66.75x | 99.05x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.66x | 4.03x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.61x | 79.33x | -216.63x |
Mar 2017
- EPS (₹)
- -0.04
- Book Value (₹)
- 2.52
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.04
- Operating Margin %
- 15.63%
- Net Margin %
- -0.68%
- ROE %
- -1.66%
- ROCE %
- -1.66%
- -1.66%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.13x
- Revenue Growth %
- 38.46%
- Operating Profit Growth %
- 204.42%
- Net Profit Growth %
- 94.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.25
- Book Value (₹)
- 2.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.25
- Operating Margin %
- 19.13%
- Net Margin %
- 3.97%
- ROE %
- 9.34%
- ROCE %
- 9.34%
- 9.34%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.21x
- Revenue Growth %
- 5.80%
- Operating Profit Growth %
- 29.50%
- Net Profit Growth %
- 721.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -0.49
- Book Value (₹)
- 2.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.49
- Operating Margin %
- 13.00%
- Net Margin %
- -7.34%
- ROE %
- -18.67%
- ROCE %
- -18.67%
- -18.67%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.21x
- Revenue Growth %
- 14.52%
- Operating Profit Growth %
- -22.18%
- Net Profit Growth %
- -311.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -0.55
- Book Value (₹)
- 3.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.55
- Operating Margin %
- 13.93%
- Net Margin %
- -7.32%
- ROE %
- -20.24%
- ROCE %
- -20.24%
- -20.23%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.14x
- Revenue Growth %
- 27.54%
- Operating Profit Growth %
- 36.67%
- Net Profit Growth %
- -27.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.37
- Book Value (₹)
- 4.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.37
- Operating Margin %
- 10.86%
- Net Margin %
- -4.32%
- ROE %
- -10.78%
- ROCE %
- -10.78%
- -10.78%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.17x
- Revenue Growth %
- 36.83%
- Operating Profit Growth %
- 6.66%
- Net Profit Growth %
- 19.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -1.40
- Book Value (₹)
- 3.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.40
- Operating Margin %
- 2.57%
- Net Margin %
- -11.21%
- ROE %
- -36.26%
- ROCE %
- -29.46%
- -29.50%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.14x
- Revenue Growth %
- 52.28%
- Operating Profit Growth %
- -63.92%
- Net Profit Growth %
- -295.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.08
- Book Value (₹)
- 5.50
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.08
- Operating Margin %
- 13.18%
- Net Margin %
- 0.47%
- ROE %
- 1.87%
- ROCE %
- 1.36%
- 1.37%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.16x
- Revenue Growth %
- 51.94%
- Operating Profit Growth %
- 678.44%
- Net Profit Growth %
- 106.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.48
- Book Value (₹)
- 12.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.48
- Operating Margin %
- -5.15%
- Net Margin %
- 2.15%
- ROE %
- 5.68%
- ROCE %
- 4.84%
- 4.84%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 0.00x
- 0.17x
- Revenue Growth %
- 43.13%
- Operating Profit Growth %
- -46.42%
- Net Profit Growth %
- 552.66%
- 480.14%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 9.61x
Mar 2025
- EPS (₹)
- 1.17
- Book Value (₹)
- 16.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.17
- Operating Margin %
- -5.10%
- Net Margin %
- 4.36%
- ROE %
- 8.36%
- ROCE %
- 7.62%
- 7.61%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 0.00x
- 0.23x
- Revenue Growth %
- 28.42%
- Operating Profit Growth %
- -4.25%
- Net Profit Growth %
- 160.87%
- 142.67%
- P/E (x)
- 66.75x
- P/B (x)
- 4.66x
- Dividend Yield %
- 0.00%
- 79.33x
Mar 2026
- EPS (₹)
- 0.71
- Book Value (₹)
- 17.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.71
- Operating Margin %
- -7.69%
- Net Margin %
- 2.16%
- ROE %
- 4.17%
- ROCE %
- 3.75%
- 3.87%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 0.00x
- 0.19x
- Revenue Growth %
- 23.97%
- Operating Profit Growth %
- -133.45%
- Net Profit Growth %
- -38.75%
- -39.43%
- P/E (x)
- 99.05x
- P/B (x)
- 4.03x
- Dividend Yield %
- 0.00%
- -216.63x
Documents
Announcements
- Credit Rating
2026-08-20 - Niva Bupa Health Insurance Company Limited has informed the Exchange about Credit Rating
- Action(s) taken or orders passed
2026-08-20 - Niva Bupa Health Insurance Company Limited has informed the Exchange about receipt of the Order from the Insurance Regulatory and Development Authority of India
Annual Reports
Credit Ratings
- Credit Rating
2026-08-20 - Niva Bupa Health Insurance Company Limited has informed the Exchange about Credit Rating
- Credit Rating- New
2026-07-15 - Niva Bupa Health Insurance Company Limited has informed the Exchange about Issuer Rating assigned by the ICRA Limited
- Credit Rating
2026-06-23 - Niva Bupa Health Insurance Company Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jul 2026
May 2026