Niva Bupa Health Insurance Company Limited
₹77.08
As of Sun 8 Nov 2026, 12:00 UTC
NSE:NIVABUPA
Financials
Country
India
PE (Fwd)
•••
TSR 10Y CAGR
—
Div yield
—
ROE
12.13%
Insurance (Life)
Beta (5Y)
0.39
PE TTM
33.08
TSR TTM
2.69%
Mkt cap
₹142.6B
Combined
—
SE Grade™
★☆☆
Value
★☆☆
Quality
★☆☆
Moat
★★★
Consensus
Reference
₹89
₹68
15.10%
(11.35%)
Hold
6|8|3|0|4
3Q26
4Q26
1Q27
2Q27
Earnings per share
₹
1.27
1.29
1.23
1.21
19.97%
15.33%
7.45%
1.76%
Revenue
₹B
7.967
8.383
8.282
8.358
20.60%
20.41%
12.53%
8.72%
TTM
FYE 31 Mar
INR
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
FY2027E
Trend
5Y
10Y
Peers
15.63
Revenue
₹B
16.25
17.15
17.97
18.86
19.96
21.09
22.48
24.13
25.67
27.55
16.57
6.66%
6.23%
70
27.31
Revenue growth
%
12.62
13.33
10.95
8.56
6.06
4.87
2.45
4.86
1.94
1.04
3.20
2.45
5.47
90
12.74
Combined R.
%
80.83
80.22
80.08
80.78
79.99
81.48
79.13
81.57
81.96
79.61
22.31
81.48
80.50
47
19.31
Operating margin
%
14.92
14.45
14.87
13.85
13.62
13.19
15.70
13.32
13.87
15.50
22.47
13.87
14.16
91
6.68
Net margin
%
22.02
20.82
21.87
21.39
22.95
20.65
19.56
21.95
21.73
20.49
5.87
20.65
21.56
70
34.44
P/E ratio (avg)
x
24.30
28.10
32.44
38.54
40.47
41.81
43.17
47.91
48.96
55.84
18.39
47.91
41.14
74
25.00
P/TBV
x
18.92
16.91
16.89
17.15
16.88
16.48
15.52
15.13
16.53
18.03
29.33
16.48
16.88
92
20.89
P/B
x
14.71
14.92
13.41
11.85
12.87
11.01
11.68
10.68
10.34
9.298
31.40
10.68
11.76
36
10.59
Prem. grth
%
11.61
14.04
14.94
12.72
13.87
13.31
10.74
9.96
7.80
5.78
26.48
9.96
12.16
9
29.31
Invest. yld
%
16.80
19.21
16.64
18.06
19.10
16.77
17.06
18.08
18.17
20.52
8.14
18.08
18.07
24
14.83
BVPS grth
%
5.12
2.68
1.29
2.03
1.93
3.66
0.69
0.93
0.40
1.96
12.73
0.93
1.95
45
24.05
Return on equity
%
16.03
18.23
17.42
14.53
12.12
15.07
15.48
13.28
11.21
11.01
8.75
13.28
14.80
47
14.75
Return on assets
%
11.58
11.22
12.84
13.44
10.56
7.77
7.36
5.03
5.01
3.35
11.05
5.03
9.16
95
1.72
EPS
₹
2.48
2.72
2.98
3.20
3.60
3.91
3.89
3.92
4.27
4.19
1.85
3.08%
5.27%
—
5.58
EPS growth
%
27.09
27.57
28.85
31.80
29.92
31.56
33.02
31.29
29.61
27.95
10.48
31.29
29.76
50
9.03
Bookvalue per sh
₹
15.35
15.38
17.57
18.87
19.18
18.89
20.76
23.22
23.76
23.23
9.19
3.91%
5.84%
—
3.55
TBV/sh
₹
5.94
6.65
6.68
6.23
6.43
5.99
6.76
6.79
6.31
6.12
7.08
(0.97%)
1.48%
—
1.70
Dividend per sh
₹
9.32
9.67
9.82
11.50
10.89
10.32
10.16
11.87
13.55
15.53
7.70
7.36%
6.26%
—
13.12
Div yield (avg)
%
26.81
26.75
28.11
25.32
24.78
24.95
27.03
29.14
30.55
30.64
6.13
29.14
26.92
93
23.25
Payout ratio
%
21.91
24.33
24.40
26.11
24.69
23.02
25.22
27.85
29.85
27.00
23.45
27.00
24.95
55
1.814
Shares (diluted)
B
2.031
2.032
1.895
1.752
1.885
2.064
1.882
1.820
1.730
1.543
1.850
(3.93%)
(2.56%)
27
26.52
Buyback yield
%
21.62
22.73
22.98
23.79
24.17
25.20
24.32
23.76
25.81
25.84
23.80
25.20
23.98
23
0.744
D/E ratio
x
0.956
0.926
0.932
1.086
1.052
1.081
1.214
1.356
1.562
1.733
0.824
1.356
1.084
67
22.53
Assets
₹B
49.85
53.59
57.95
63.41
67.56
71.29
81.49
87.29
99.27
105.4
18.59
9.30%
8.88%
61
2.615
LT debt
₹B
10.53
10.59
9.997
10.90
11.22
12.42
12.08
12.12
12.79
11.68
21.06
0.81%
1.75%
86
Peers (US$1.494B)
Cap (US$)
PE
Star Health and Allied…
3.533B
38.90x
Canara HSBC Life…
1.235B
87.18x
Religare Enterprises…
916.4M
156.6x
Wüstenrot & Württember…
1.390B
9.167x
Capital
TTM
5Y
10Y
Leverage
x
0.462
(0.787)
(0.633)
EBIT/Int
x
3.991
0.328
0.335
Own earn
%
—
—
—
Sh yield
%
39.65
52.89
50.62
Owners
Insiders/Inst
%
14.91
49.83
Short interest
%
1.87
SBC / revenue
%
5.73
Record
10Y
Profitable years
10/10
Revenue growth years
10/10
EPS growth years
10/10
Dividend streak
yrs
17
Op margin range
%
13–16
$1 test
x
—
Incr. ROIC
%
—
Niva Bupa Health Insurance Company Limited provides health insurance products in India.
Growth vs revenue
Latest
Trend
10Y CAGR
Rel growth
Revenue
₹27.55B
6.23%
1.00×
Claims and benefits
₹14.09B
6.14%
0.99×
Total costs
₹20.18B
6.14%
0.99×
Revenue mix
Share
Trend
Premiums
87.99%
Other
7.41%
Investment income
4.60%
Reinvestment returns
10Y median
Trend
Retention rate
76.29%
Return on capital
19.84%
Spread over hurdle
n/m
-