Niva Bupa Health Insurance Company Limited
Niva Bupa Health Insurance Company Limited (Niva Bupa) is an Indian health insurance company, founded in 2008. It is headquartered in New Delhi, India. Niva Bupa Health Insurance Company Ltd. (formerly known was Max Bupa Health Insurance Company Limi...
Key Metrics
EPS
0.48
Current ratio
0.17
Debt/Equity
2.02
Debt/EBITDA
37.22
Interest coverage ratio
-
Operating Cashflow to total debt
0.22
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Significant increase in the market share in the overall health insurance segment.
Significant improvement in the profitability metrics.
Strong shareholder support and experienced management team
Healthy solvency ratio
Growth in scale of operations with improving market share
Adequate systems and controls
Liquidity: Adequate
Cons
Weakness in the capitalisation profile, with solvency going below 1.8x.
Modest profitability, though improving
Single line of business
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About Niva Bupa Health Insurance Company Limited bond.
This comprehensive profile covers key factual information about Niva Bupa Health Insurance Company Limited. Niva Bupa Health Insurance Company Limited (Niva Bupa) is an Indian health insurance company, founded in 2008. It is headquartered in New Delhi, India. Niva Bupa Health Insurance Company Ltd. (formerly known was Max Bupa Health Insurance Company Limited) is a joint venture between Fettle Tone LLP (an affiliate of True North Fund VI LLP), an Indian private equity firm, and the UK based healthcare services expert, Bupa Singapore Holdings Pte. Limited. The company is regulated by the Insurance Regulatory and Development Authority of India (IRDAI). EPS in Mar-2024 was 0.48. Current ratio in Mar-2024 was 0.17. Debt/Equity in Mar-2024 was 2.02. Debt/EBITDA in Mar-2024 was 37.22. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.22. Total revenue for Mar-2025 (E) was ₹4641.24. Net income for Mar-2025 (E) stood at ₹28.88. Total assets as of Mar-2024 were ₹6,191.88. Operating cash flow for Mar-2024 was ₹812.53. Peers and comparison entities consist of Niva Bupa Health Insurance Company Limited, Life Insurance Corporation Of India, Bajaj Finserv Limited, SBI Life Insurance Company Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Significant increase in the market share in the overall health insurance segment.; Significant improvement in the profitability metrics.; Strong shareholder support and experienced management team; Healthy solvency ratio; Growth in scale of operations with improving market share; Adequate systems and controls; Liquidity: Adequate. Key risks include: Weakness in the capitalisation profile, with solvency going below 1.8x.; Modest profitability, though improving; Single line of business. Leadership team details include Dhiresh Rustogi (Director and Chief Technology Officer, joined in September 2023. He has a bachelor's degree in chemical engineering from the Indian Institute of Technology, Kharagpur.), Dinesh Kumar Mittal (Independent Director and Chairman of the Audit Committee), Pradeep Pant (Independent Director on the Audit Committee), David Martin Fletcher (Non-Executive Director on the Audit Committee), Maninder Singh Juneja (Non-Executive Director and Chairman of the Investment Committee), Penelope Ruth Dudley (Non-Executive Director on the Investment Committee). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.