Star Health and Allied Insurance Company Ltd - Stock Valuation and Financial Performance

BSE: 543412 | NSE: STARHEALTH | Insurance | Mid Cap

Star Health and Allied Share Price

551.15 -6.85 -1.23%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Star Health and Allied

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Star Health and Allied Insurance Company stock performance -

mw4me loader
P/E Ratio (SA):
40.05
Market Cap:
32,220.8 Cr.
52-wk low:
477
52-wk high:
675

Is Star Health and Allied Insurance Company Ltd an attractive stock to invest in?

1. Is Star Health and Allied Insurance Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Star Health and Allied Insurance Company Ltd is a good quality company.

2. Is Star Health and Allied Insurance Company Ltd undervalued or overvalued?

The key valuation ratios of Star Health and Allied Insurance Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Star Health and Allied Insurance Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Star Health and Allied Insurance Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Star Health and Allied:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Star Health and Allied Insurance Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%0%0%0%-289.1%104%-
Value Creation
Index
NANANANANANANANA-26.78.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000000000
Sales YoY Gr.-NANANANANANANANANA-
Adj EPS -2.8-3.93.52.63.745.4-19.8-18.110.613.8
YoY Gr.-NANA-26.6%44%8%33.3%-468.9%NANA-
BVPS (₹) 5.73.99.317.321.125.138.863.978.793.4118.1
Adj Net
Profit
-93.3-140137118170183263-1,086-1,041619804
Cash Flow from Ops. 76.914712632155777664789055.61,276-
Debt/CF from Ops. 00000000130.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS NA23.3%25.6%NA
BVPS36.5%34.7%34%18.7%
Share Price - - - -8.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0000000000-
Op. Profit
Mgn %
0000000000-
Net Profit
Mgn %
0000000000-
Debt to
Equity
000000000.20.1-
Working Cap
Days
00000000000
Cash Conv.
Cycle
0000000000-107

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.00%

Net Profit is growing at healthy rate in last 3 years 25.56%

Sales growth is good in last 4 quarters at 13.49%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Star Health and Allied Insurance Company Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 -
TTM Sales (₹ Cr.) 12,455 -
BVPS (₹.) 118.1 -
Reserves (₹ Cr.) 6,318 -
P/BV 4.67 -
PE 40.05 -
From the Market
52 Week Low / High (₹) 477.00 / 674.95
All Time Low / High (₹) 451.10 / 940.00
Market Cap (₹ Cr.) 32,221
Equity (₹ Cr.) 584.6
Face Value (₹) 10
Industry PE 21.9

Management X-Ray of Star Health and Allied:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Star Health and Allied

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income From Investments11918385980124173313333
Other Income 0000000086
Expenses0213017263832104133217
Profit Before Tax-93-140137118171267406-1,446-1,397826
Tax 0000184143-360-356208
Adjustments 0000000000
Net Profit -93-140137118170183263-1,086-1,041619
Adjusted EPS (₹)-2.80-3.873.532.593.734.035.37-19.81-18.0810.63
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Share Capital 334362387456456456491548576582
Reserve and Surplus-144-220-273345046871,4132,9513,9534,848
Fair Value A/C0000001-3119
Borrowings 0000000000
Policy Holders Fund 0000002-41614
Funds For Appropriations0000000000
Total Liabilities 1901423607891,2101,7432,1573,7425,3515,927

Assets

Investment0000000000
Loans0000000000
Total Net block 5446627792859080113101
Total Assets 1901423607891,2101,7432,1573,7425,3515,927

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 77147126321557776647890561,276
PBT 0000000000
Adjustment 771391303584978161,6182,2191,7783,331
Changes in Working Capital 211-00-37-27-11-13-26-20
Tax Paid -2-2-4-3697-12-960-1,316-1,696-2,035
Cash Flow From Investing Activity -70-216-192-497-663-731-1,006-2,418-3,786-1,097
Capex -17-17-24-38-36-31-34-46-63-47
Net Investments -87-237-227-543-759-881-1,233-2,741-4,387-1,816
Others 34395985132180261369664766
Cash Flow From Financing Activity 992813102493331222,6132,509-268
Net Proceeds from Shares 9928131003501472,6452,09561
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-17-26-26-27-74
Dividend Paid 0000000000
Others 000024900-6441-254
Net Cash Flow 162414134143379-2371,086-1,221-89
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)
ROCE (%)
Asset Turnover Ratio2.926.146.033.332.742.482.41.572.162
PAT to CFO Conversion(x)N/AN/A0.922.723.284.242.46N/AN/A2.06
Working Capital Days
Receivable Days0000000000
Inventory Days0000000000
Payable Days0000000000

Star Health and Allied Insurance Company Ltd Stock News

Star Health and Allied Insurance Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Star Health and Allied on 12-Apr-2024 16:59 is ₹551.1.
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 12-Apr-2024 16:59 the market cap of Star Health and Allied stood at ₹32,220.8.
The latest P/E ratio of Star Health and Allied as of 12-Apr-2024 16:59 is 40.05.
The latest P/B ratio of Star Health and Allied as of 12-Apr-2024 16:59 is 4.67.
The 52-week high of Star Health and Allied is ₹675.0 and the 52-week low is ₹477.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Star Health and Allied is ₹12,455 ( Cr.) .

About Star Health and Allied Insurance Company Ltd

Star Health and Allied Insurance Company is and continues to be the largest private health insurer in India. The company offers a range of flexible and comprehensive coverage options primarily for retail health, group health, personal accident and overseas travel. Its products target a variety of customer segments, including individuals, families, students, senior citizens, as well as persons with preexisting medical conditions across the broader middle market customer segment. Its products include family floater products, in which the sum insured covers the entire family on the payment of a single annual premium; individual products, which are tailored to the needs of the individual; and specialized products, which focus on customers with pre-existing conditions after taking into account the associated risks. It developed these specialized products through its innovation-driven product development process and analysis of market demand and coverage gaps using its market leading claims processing experience of approximately 6.7 million claims processed since its inception until September 30, 2021. It distributes its health insurance policies primarily through individual agents.

The company has invested in advanced technologies to develop a flexible and integrated information technology platform across its business processes, including omni-channel applications, such as its agent application, STAR ATOM, which assists agents to complete the policy sales process remotely in an effective and efficient manner, and its customer self-service application, STAR POWER, which enables it to deliver, in a consistent and personalized way, a customer experience that meets customers' insurance needs through a seemingly single channel regardless of customer entry points. It has also actively focused on streamlining the underwriting and claims processes for its customers through its proprietary information systems that it has developed in-house.

Business area of the company

The company is providing sterling services in health, personal accident and overseas travel insurance etc. It has excellent products to cater everybody, be it individuals, families or corporates. It work directly as well as through various channels like agents, brokers, online etc.

Awards, accreditations and recognitions

  • 2014: Awarded the “Claim Leader- Health Insurance” at the Indian Insurance Awards.
  • 2015: Awarded the “Best Product Innovation Health Insurance” at the Indian Insurance Awards.
  • 2015: Awarded the “Best Health Insurance provider of the year 2015” at the Business TodayMoney Today Financial Awards.
  • 2015: Awarded the “Health Insurance Company of the Year” at the Indian Insurance Awards.
  • 2016: Recognised as one of “Top 25 Most Innovative Companies” at the CII Industrial Innovation Awards 2016.
  • 2016: Awarded the “Best Health Insurer 2016” at the Outlook Money Awards 2016.
  • 2016: Awarded the “Most Innovative Service Provider of the Year” at the World HRD Congress, Singapore.
  • 2017: Awarded the “NIM CARE W.H.O Award of Excellence” from the President of India.
  • 2017: Awarded the “Best Health Insurance provider of the year 2016” award at the Business TodayMoney Today Financial Awards.
  • 2018: Awarded the Health Insurance Provider of the Year 2018 silver award at the Outlook Money Awards.
  • 2018: Awarded the “Best Health Insurance Provider of the Year 2018” award at the Business Today-Money Today Financial Awards 2018 – 2019.
  • 2018: Awarded the “Most Valuable and Admirable Health Insurer” at the Pharmaceutical Leadership Summit and Awards 2018.
  • 2018: Awarded the “Health Insurance Company of the Year” award at the Insurance India Summit and Awards 2018.
  • 2019: Awarded the “Health Insurance Company of the year 2019” at the India Insurance Summit and Awards 2020;
  • 2019: Awarded the “Best Health Insurance Provider of the Year 2019” at the Business TodayMoney Today awards.
  • 2019: Awarded the Vajra Award for recognition of overall performance in labour welfare for the year 2018 by the State Government of Kerala.
  • 2020: Recognised as India’s leading health insurance company at the Dun & Bradstreet BFSI Summit & Awards, 2020.
  • 2021: Awarded “Dream Companies to Work for Insurance- Private Sector” at the World HRD Congress.
  • 2021: Awarded under the category of “Most Innovative New Product Launches or Customer Propositions” at the 13th Global Insurance E-Summit and Award by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
  • 2021: Awarded “India's Best Health Insurance Company selected by Democratic Process (voting)” by Insurance Alertss.

Major events and milestones

  • 2006: Incorporated as the first standalone health insurance company in India.
  • 2007: Introduced online in-house claim settlement without TPA.
  • 2007: Launched Senior Citizen Red Carpet policy (Star Medi Gold).
  • 2007: Launched Star Super Surplus insurance policy.
  • 2007: Launched Star HIV Care Insurance policy.
  • 2008: Initiated involvement of doctors and specialists in claim settlement and in underwriting.
  • 2019: Investment by Safecrop India Investments LLP, WestBridge AIF I and Rakesh Jhunjhunwala, our present Promoters.
  • 2020: Started providing telemedicine facility to customers.
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