| Annual Financials | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 2,159 | 3,223 | 4,336 | 5,530 | 5,886 |
| Expenses | 2,329 | 3,179 | 4,225 | 5,292 | 5,793 |
| EBITDA | -170 | 45 | 111 | 238 | 93 |
| Operating Profit % | -10 % | -1 % | -1 % | 1 % | -10 % |
| Depreciation | 27 | 32 | 29 | 25 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -197 | 13 | 82 | 214 | 93 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -197 | 13 | 82 | 214 | 93 |
| EPS in ₹ | -1.42 | 0.09 | 0.51 | 1.22 | 0.50 |
Niva Bupa Health Insurance Company
Niva Bupa Health Insurance Company
76.40
+2.34
(3.16%)
Q1 Quarterly Results are out. Check out the updated financials1 day ago
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Key Fundamentals
Market Cap
14,101.20 Cr
EPS
1.22
PE Ratio
152.82
Dividend Yield
0.00 %
Industry
Insurance 52 Week High
109.34
52 Week Low
68.54
PB Ratio
3.71
Debt to Equity
0.42
Sector
General Insurance Analyst Rating and Forecast
- By Refinitiv from9 analysts
Actual
Company News
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Niva Bupa Health Insurance Company Limited announced its Q2 FY26 performance with Profit After Tax (IFRS) more than doubling to ₹62 crore from ₹24 crore in Q2 FY25. Retail Health Gross Written Premium (GWP) grew 24.5% year-over-year. The company reported overall GWP of ₹2,108 crore on a without 1/n basis and ₹1,843 crore on a with 1/n basis for Q2 FY26. For H1 FY26, the company recorded ₹3,983 crore GWP (without 1/n) and ₹3,475 crore (with 1/n). The Combined Insurance Service Ratio (IFRS) improved to 103.1%, an improvement of 141 basis points from Q2 FY25. Claims Settlement Ratio reached 95.2% and Solvency Ratio improved to 2.85x. The company covers 23.14 million lives with a Net Promoter Score of 57. Distribution channels showed Individual Agency contributing 31%, Brokers 27%, Bancassurance 20%, Direct business 10%, and Corporate Agents 11% with the fastest year-over-year growth of 44%.
Niva Bupa Health Insurance Company achieved 22.9% year-on-year growth in Gross Written Premium, reaching ₹3,983 crore (without 1/n) and ₹3,475 crore (with 1/n) for H1 FY2026. The company's IFRS Profit After Tax increased to ₹132 crore compared to ₹60 crore in H1 FY2025. Combined Insurance Service Ratio improved to 103.1% from 104.2% in the previous year. Retail Health market share stands at 9.9% for H1 FY2026. The company launched ReAssure 3.0, India's first truly unlimited health insurance plan, and reported a Weighted Episodal NPS of 57, showing a 2-point improvement over FY2025. The company operates through 209 branches with 209,699 individual agents and maintains a network of 10,507 hospitals.
Niva Bupa Health Insurance Company Limited filed a statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offering. The company raised gross proceeds of INR 800 crores through the public issue with allotment date of November 12, 2024. The funds were designated for augmentation of capital base to maintain and strengthen solvency levels. For the quarter ended September 30, 2025, the company reported nil amount utilized and confirmed no deviation from the original allocation of INR 800 crores. The statement was reviewed by the Audit Committee in its meeting held on November 3, 2025.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
2,040.00 | #1 1,01,477.90 | 36.27 | 24,000.80 | 16.45 | 2,508 | 18.08 | 63.61 | |
375.85 | 65,939.10 | #1 7.72 | #1 49,924.60 | 7.53 | #1 6,974 | #1 80.67 | 46.45 | |
360.25 | 33,262.30 | 65.49 | 9,695.50 | 12.54 | 425 | 51.51 | 53.74 | |
182.22 | 30,029.90 | 25.17 | 43,634.00 | 0.32 | 972 | 65.38 | 35.58 | |
488.55 | 28,724.30 | 53.86 | 16,113.00 | 14.87 | 646 | -50.67 | 56.19 | |
76.40 | #6 14,101.20 | #6 152.82 | #6 5,529.70 | #1 27.52 | #6 214 | #6 -371.54 | 46.48 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
27.52 %
Net Income Growth
161.00 %
Cash Flow Change
103.55 %
ROE
106.20 %
ROCE
31.84 %
EBITDA Margin (Avg.)
67.70 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,782 | 1,078 | 2,301 | 3,308 |
| Fixed Assets | 49 | 52 | 58 | 66 |
| Current Assets | 287 | 455 | 675 | 1,510 |
| Capital Work in Progress | 1 | 4 | 1 | 9 |
| Investments | 2,401 | 3,366 | 5,458 | 8,175 |
| Other Assets | -669 | -2,344 | -3,216 | -4,943 |
| Total Liabilities | 1,782 | 1,078 | 2,301 | 3,308 |
| Current Liabilities | 1,983 | 2,799 | 3,891 | 6,452 |
| Non Current Liabilities | 250 | 250 | -682 | -469 |
| Total Equity | 1,532 | 828 | 2,983 | 3,776 |
| Reserve & Surplus | 125 | -680 | 1,282 | 1,950 |
| Share Capital | 1,409 | 1,511 | 1,700 | 1,827 |
Cash Flow
| Cash Flow | 2017 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 4 | 164 | -12 | 43 | 41 | 78 |
| Investing Activities | -32 | -374 | -723 | -829 | -1,882 | -2,348 |
| Operating Activities | 8 | 257 | 338 | 593 | 813 | 1,654 |
| Financing Activities | 28 | 281 | 374 | 280 | 1,110 | 771 |
Share Holding
| % Holding | Jun 2024 | Nov 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 62.94 % | 55.98 % | 55.98 % | 55.98 % | 55.43 % | 55.41 % |
| FIIs | 0.00 % | 8.63 % | 8.85 % | 8.90 % | 10.76 % | 10.72 % |
| DIIs | 0.00 % | 9.57 % | 9.83 % | 9.70 % | 15.06 % | 15.31 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 4.71 % | 4.43 % | 4.23 % | 5.44 % | 5.40 % |
| Others | 37.06 % | 21.12 % | 20.92 % | 21.19 % | 13.30 % | 13.17 % |
| No of Share Holders | 86 | 1,60,440 | 1,46,255 | 1,36,017 | 1,54,883 | 1,58,550 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 31 Mar 2022 |  Change Of Name | NA | 31 Mar 2022 | 0.00 | 0.00 |
| 25 Nov 2024 |  Quarterly Result Announcement | NA | 25 Nov 2024 | 73.95 | 73.72 |
| 04 Feb 2025 | Quarterly Result Announcement | NA | 04 Feb 2025 | 76.34 | 81.17 |
| 07 May 2025 | Quarterly Result Announcement | NA | 07 May 2025 | 82.33 | 80.85 |
| 31 Jul 2025 | Quarterly Result Announcement | NA | 31 Jul 2025 | 86.84 | 85.17 |
| 26 Aug 2025 |  Annual General Meeting | NA | 26 Aug 2025 | 85.17 | 83.96 |
| 03 Nov 2025 | Quarterly Result Announcement | NA | 03 Nov 2025 | 74.63 | 75.41 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation2 days ago
2 days agoStatement Of Deviation Or Variation For Quarter Ended September 20252 days ago
2 days agoBoard Meeting Outcome for Outcome Of The Board Meeting Held On November 03 20252 days ago
2 days agoShareholder Meeting / Postal Ballot-Notice of Postal Ballot2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation8 days ago
8 days agoBoard Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended September 30 20258 days ago
8 days agoCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Oct 13, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 01, 2025
Oct 01, 2025Closure of Trading WindowSep 30, 2025
Sep 30, 2025Disclosure Under Regulation 30 For Receipt Of Approval From IRDAI For The Appointment Of Mr. Milind Gajanan Barve As The Chairman Of The Board Of DirectorsSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-CessationAug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 27, 2025
Aug 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 27, 2025
Aug 27, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Aug 01, 2025Grant Of Stock OptionsAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 31, 2025
Jul 31, 2025Letter To Shareholders Regarding Notice Of The 17Th Annual General MeetingJul 31, 2025
Jul 31, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 31, 2025
Jul 31, 2025Reg. 34 (1) Annual Report.Jul 31, 2025
Jul 31, 2025Notice Of 17Th AGM Scheduled To Be Held On Tuesday August 26 2025 At 02:30 P.M.(IST) Through VC/OAVMJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 31, 2025
Jul 31, 2025Statement Of Deviation/Variation- Quarter Ended June 30 2025Jul 31, 2025
Jul 31, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On July 31 2025Jul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 24, 2025
Jul 24, 2025Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter Ended June 30 2025.Jul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorJul 21, 2025
Jul 21, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Jul 14, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 03, 2025
Jul 03, 2025Closure of Trading WindowJun 30, 2025
Jun 30, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJun 30, 2025
Jun 30, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJun 30, 2025
Jun 30, 2025Announcement under Regulation 30 (LODR)-Credit RatingJun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 14, 2025
Jun 14, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorJun 09, 2025
Jun 09, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 05, 2025
Jun 05, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 04, 2025
Jun 04, 2025Reporting Of Sale Of SharesJun 03, 2025
Jun 03, 2025Mutual Fund Holdings
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RSI(14)
Neutral 46.48
ATR(14)
Volatile 2.05
STOCH(9,6)
Neutral 41.22
STOCH RSI(14)
Overbought 88.99
MACD(12,26)
Bullish 0.15
ADX(14)
Strong Trend 27.24
UO(9)
Bearish 51.45
ROC(12)
Downtrend And Accelerating -2.03
WillR(14)
Neutral -32.10
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