Care Health Insurance Ltd (Religare)

₹2,100 - ₹3,500

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	983	Visit
★★★★☆	₹2,600	434	Visit
★★★★★☆	₹2,700	351	Visit
★★★★★☆	₹2,800	222	Visit
★★★★☆☆	₹2,900	148	Visit

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★★★★☆

LTP:₹2,100

Min Qty:256

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★★★★☆

LTP:₹2,600

Min Qty:381

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★★★★★☆

LTP:₹2,700

Min Qty:956

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★★★★★☆

LTP:₹2,800

Min Qty:683

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★★★★☆☆

LTP:₹2,900

Min Qty:100

Strengths & Weaknesses

Strengths

Experienced senior management: A team of seasoned professionals in insurance, risk, actuarial, and finance leads the company. Their extensive experience, combined with the strategic guidance of the board and promoters, greatly benefits the company.

Enhancing competitive standing in industry: The company's gross direct premium grew by 52% in fiscal 2022 to Rs 3,881 crore and sustained a 38% increase in the first nine months of 2023.

Strong risk management and high-quality investments: Care Health's robust risk management framework addresses various risks, including insurance, strategic, operational, investment, and cyber security.

Weaknesses

Only one product: As a standalone health insurer, Care Health faces inherent monoline risks compared to general insurers.

Underwriting performance can improve: Care Health's underwriting performance showed room for improvement in fiscal 2022, with a combined ratio increasing to 103.3% from 92.9% in the previous year. The underwriting deficit amounted to Rs 304 crore, compared to a surplus of Rs 28 crore in the prior fiscal.

Balance Sheet	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	974.18	972.04	942.23	908.57	841.04	727.95	688.55
Reserves	1397.97	1225.70	801.29	380.18	289.44	53.03	12.33
Total Equity	2372.15	2197.74	1743.52	1288.74	1130.49	780.98	700.88
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Sources of Funds	2372.15	2197.74	1743.52	1288.74	1130.49	780.98	700.88
Investments	8399.44	6632.92	5076.28	3566.08	2635.01	1775.73	1301.66
Loans	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Assets	33.85	41.90	56.18	55.07	49.00	54.52	56.41
Deferred Tax Asset	44.02	41.23	46.81	39.95	42.16	0.00	0.00
Cash and Bank Balances	193.46	95.85	99.81	78.69	45.68	55.86	40.24
Other Assets	350.12	301.08	237.31	157.48	210.28	114.13	173.49
Sub Total (A)	543.58	396.92	337.12	236.17	255.96	169.99	213.73
Current Liabilities	3343.10	2002.56	1559.45	1161.19	847.29	681.19	544.07
Provisions	3305.64	2912.67	2213.42	1529.17	1097.68	733.63	588.05
Sub Total (B)	6648.74	4915.23	3772.88	2690.36	1944.97	1414.81	1132.12
Net Current Assets (A-B)	-6105.16	-4518.31	-3435.76	-2454.19	-1689.01	-1244.83	-918.39
Debit Bal P/L	0.00	0.00	0.00	81.84	93.33	195.56	261.21
Total Application of Funds	2372.15	2197.74	1743.52	1288.74	1130.49	780.98	700.88

Profit & Loss	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Net Earned Premium	6347.22	5328.67	3932.04	2510.84	1729.47	1508.45	1091.20
Growth %	19%	35.52%	56.60%	45.18%	14.65%	38.24%	0
Expenses	1237.58	1265.78	1329.36	1077.92	728.20	667.85	558.30
Growth %	-2%	-4.78%	23.33%	48.03%	9.04%	19.62%	0
Operating Profit	5109.64	4062.89	2602.68	1432.92	1001.27	840.60	532.90
Op. Profit Margin %	81%	76.25%	66.19%	57.07%	57.89%	55.73%	48.84%
Other Income	551	491.69	284.17	190.65	166.06	119.52	95.27
Net Incurred Claims	4,096	3074.27	2116.18	1633.73	953.82	891.94	602.67
Net Commision	1356.8	1070.24	442.71	110.17	26.61	-22.17	-31.42
Premium Deficiency	0	0	0	-135.88	111.42	24.46	0
Profit Before Tax	208.20	410.07	327.96	15.55	75.48	65.89	56.92
Tax	53	105.17	82.12	4.05	26.74	0.24	0
Tax %	25%	25.65%	25.04%	26.05%	35.43%	0.36%	0.00%
Profit After Tax	155.18	304.90	245.84	11.50	102.22	65.65	56.92
Growth %	-49%	24.02%	2037.74%	-88.75%	55.70%	15.34%	0
PAT %	2%	5.72%	6.25%	0.46%	5.91%	4.35%	5.22%
Diluted EPS	1.6	3.18	2.64	0.13	1.24	0.90	0.86

Shareholding Pattern

Color	Shareholder	Holding
	Religare Enterprise Limited	62.84%
	Trishikhar Ventures LLP	15.82%
	Union Bank of India	5.27%
	Others	16.06%

Fundamentals

Quick Insights

Experienced senior management: A team of seasoned professionals in insurance, risk, actuarial, and finance leads the company. Their extensive experience, combined with the strategic guidance of the board and promoters, greatly benefits the company.
Enhancing competitive standing in industry: The company's gross direct premium grew by 52% in fiscal 2022 to Rs 3,881 crore and sustained a 38% increase in the first nine months of 2023.
Strong risk management and high-quality investments: Care Health's robust risk management framework addresses various risks, including insurance, strategic, operational, investment, and cyber security.

Market Cap₹15,075.69 Cr

PE Ratio50.31

EPS3.18

Dividend Yield0%

Book Value₹71.7

Debt/Equity0.00

Price/Book2.23

Industry PE0

Sales644

Profit After Tax245.8

ISININE119J01011

SectorHealth Insurance

About Company

Established in 2007, Care Health Insurance Company Ltd (Care Health) is a standalone health insurer in India, offering health, travel, and personal accident insurance services to corporate employees, individuals, and small to medium enterprises.

It received the 'Claims Service Leader of the Year' and 'Best Health Insurance Company in Rural Sector' awards at the India Insurance Summit & Awards 2024 and ‘Best Health Insurance Product’ as well as ‘Best Health Insurance Agents’ awards at the Insurance Alertss Awards, 2021

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	35	Visit
★★★★☆	₹2,600	40	Visit
★★★★★☆	₹2,700	546	Visit
★★★★★☆	₹2,800	333	Visit
★★★★☆☆	₹2,900	127	Visit

Quick Insights

Experienced senior management: A team of seasoned professionals in insurance, risk, actuarial, and finance leads the company. Their extensive experience, combined with the strategic guidance of the board and promoters, greatly benefits the company.
Enhancing competitive standing in industry: The company's gross direct premium grew by 52% in fiscal 2022 to Rs 3,881 crore and sustained a 38% increase in the first nine months of 2023.
Strong risk management and high-quality investments: Care Health's robust risk management framework addresses various risks, including insurance, strategic, operational, investment, and cyber security.

Market Cap₹15,075.69 Cr

PE Ratio50.31

EPS3.18

Dividend Yield0%

Book Value₹71.7

Debt/Equity0.00

Price/Book2.23

Industry PE0

Sales644

Profit After Tax245.8

ISININE119J01011

SectorHealth Insurance

About Company

Strengths

Enhancing competitive standing in industry: The company's gross direct premium grew by 52% in fiscal 2022 to Rs 3,881 crore and sustained a 38% increase in the first nine months of 2023.

Weaknesses

Only one product: As a standalone health insurer, Care Health faces inherent monoline risks compared to general insurers.

Annual Reports

FY 2023-24 FY 2022-23 FY 2021-22 FY 2020-21 FY 2019-20 FY 2018-19

Balance Sheet	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	974.18	972.04	942.23	908.57	841.04	727.95	688.55
Reserves	1397.97	1225.70	801.29	380.18	289.44	53.03	12.33
Total Equity	2372.15	2197.74	1743.52	1288.74	1130.49	780.98	700.88
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Sources of Funds	2372.15	2197.74	1743.52	1288.74	1130.49	780.98	700.88
Investments	8399.44	6632.92	5076.28	3566.08	2635.01	1775.73	1301.66
Loans	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Assets	33.85	41.90	56.18	55.07	49.00	54.52	56.41
Deferred Tax Asset	44.02	41.23	46.81	39.95	42.16	0.00	0.00
Cash and Bank Balances	193.46	95.85	99.81	78.69	45.68	55.86	40.24
Other Assets	350.12	301.08	237.31	157.48	210.28	114.13	173.49
Sub Total (A)	543.58	396.92	337.12	236.17	255.96	169.99	213.73
Current Liabilities	3343.10	2002.56	1559.45	1161.19	847.29	681.19	544.07
Provisions	3305.64	2912.67	2213.42	1529.17	1097.68	733.63	588.05
Sub Total (B)	6648.74	4915.23	3772.88	2690.36	1944.97	1414.81	1132.12
Net Current Assets (A-B)	-6105.16	-4518.31	-3435.76	-2454.19	-1689.01	-1244.83	-918.39
Debit Bal P/L	0.00	0.00	0.00	81.84	93.33	195.56	261.21
Total Application of Funds	2372.15	2197.74	1743.52	1288.74	1130.49	780.98	700.88

Profit & Loss	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Net Earned Premium	6347.22	5328.67	3932.04	2510.84	1729.47	1508.45	1091.20
Growth %	19%	35.52%	56.60%	45.18%	14.65%	38.24%	0
Expenses	1237.58	1265.78	1329.36	1077.92	728.20	667.85	558.30
Growth %	-2%	-4.78%	23.33%	48.03%	9.04%	19.62%	0
Operating Profit	5109.64	4062.89	2602.68	1432.92	1001.27	840.60	532.90
Op. Profit Margin %	81%	76.25%	66.19%	57.07%	57.89%	55.73%	48.84%
Other Income	551	491.69	284.17	190.65	166.06	119.52	95.27
Net Incurred Claims	4,096	3074.27	2116.18	1633.73	953.82	891.94	602.67
Net Commision	1356.8	1070.24	442.71	110.17	26.61	-22.17	-31.42
Premium Deficiency	0	0	0	-135.88	111.42	24.46	0
Profit Before Tax	208.20	410.07	327.96	15.55	75.48	65.89	56.92
Tax	53	105.17	82.12	4.05	26.74	0.24	0
Tax %	25%	25.65%	25.04%	26.05%	35.43%	0.36%	0.00%
Profit After Tax	155.18	304.90	245.84	11.50	102.22	65.65	56.92
Growth %	-49%	24.02%	2037.74%	-88.75%	55.70%	15.34%	0
PAT %	2%	5.72%	6.25%	0.46%	5.91%	4.35%	5.22%
Diluted EPS	1.6	3.18	2.64	0.13	1.24	0.90	0.86

Shareholding Pattern

Color	Shareholder	Holding
	Religare Enterprise Limited	62.84%
	Trishikhar Ventures LLP	15.82%
	Union Bank of India	5.27%
	Others	16.06%

Board of Directors

Mr. Anuj GulatiManaging Director & CEO

Mr. Pankaj GuptaChief Finance Officer

Mr. Ajay Shah Chief Marketing Officer

Mr. Manish Dodeja Chief Risk Officer

Mr. Kartikeya Dhruv KajiNon-Executive Director

Mr. Sunish SharmaNon-Executive Director

Senior Management

No senior management information available.