Star Health & Allied Insurance Company Ltd
NSE: STARHEALTH BSE: 543412Finance
Star Health & Allied Insurance Ltd (Star) is India’s first Standalone Health Insurance provider and is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21 with leadership in the attractive retail health segment.[1]
₹496
52W: ₹413 — ₹587
PE 52.4 · Book ₹163 · +204% vs bookMarket Cap₹29,188 Cr
Stock P/E52.4Price to Earnings
ROCE8.57%Return on Capital
ROE6.7%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is almost debt free.
Weaknesses
- −Stock is trading at 3.06 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 9.66% over last 3 years.
Shareholding Pattern
Promoters57.98%
FIIs15.06%
DIIs20.31%
Public6.66%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 57.9% | 57.7%▼0.2 | 57.68%▼0.0 | 57.67%▼0.0 | 58.04%▲0.4 | 58.03%▼0.0 | 57.98%▼0.1 | 57.98% |
| FIIs | 21.58% | 17.65%▼3.9 | 17.51%▼0.1 | 18.69%▲1.2 | 13.89%▼4.8 | 13.51%▼0.4 | 14.07%▲0.6 | 15.06%▲1.0 |
| DIIs | 15.1% | 17.05%▲2.0 | 16.49%▼0.6 | 15.44%▼1.0 | 21.08%▲5.6 | 21.09%▲0.0 | 20.96%▼0.1 | 20.31%▼0.7 |
| Public | 5.4% | 7.6%▲2.2 | 8.32%▲0.7 | 8.22%▼0.1 | 6.97%▼1.3 | 7.38%▲0.4 | 6.99%▼0.4 | 6.66%▼0.3 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,578 | 3,688 | 3,816 | 4,058 | 4,146 | 4,081 | 4,233 | 4,378 | 4,566 | 4,648 |
| Expenses | 3,191 | 3,502 | 3,391 | 3,912 | 3,861 | 4,089 | 3,882 | 4,303 | 4,395 | 4,500 |
| Operating Profit | 387 | 186 | 425 | 147 | 285 | -7 | 351 | 75 | 172 | 148 |
| OPM % | 11% | 5% | 11% | 4% | 7% | 0% | 8% | 2% | 4% | 3% |
| Net Profit | 290 | 142 | 319 | 111 | 215 | 1 | 263 | 55 | 128 | 111 |
| EPS ₹ | 4.95 | 2.43 | 5.45 | 1.89 | 3.66 | 0.01 | 4.47 | 0.93 | 2.18 | 1.89 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹17,825Cr, up 10.7% YoY. OPM at 4%.
Debt Position
Borrowings at ₹490Cr. Debt-to-equity ratio: 0.05x. Healthy balance sheet.
Institutional Flow
DIIs: 20.31% (+17.23pp change). FIIs: 15.06% (-18.03pp change). Promoters hold 57.98%.
Margin & Efficiency
ROCE improving from 0% (Mar 2015) to 9% (Mar 2026). Working capital days: -44.
Valuation
PE 52.4x with 8.57% ROCE. Price is 204% above book value of ₹163. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3m - Analyst meeting with Yes Securities on May 21, 2026, at Mumbai India Manthan Conference.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d - Star Health and Allied Insurance Company Limited has informed regarding newspaper publication of Postal Ballot Notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 May - Postal ballot notice for director continuation, promoter reclassification, and FY2026-27 remuneration approvals; voting May 18-June 16.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 May
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 May - Star Health and Allied Insurance Company Limited has informed regarding transcripts of the Earnings Call dated April 29, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse