Star Health And Allied Insurance Company Limited
Star is a PAN-India-based standalone health insurance company headquartered at Chennai, licensed by IRDA in 2006. Star is a public listed company with major shareholders being Safecrop Investments India LLP (WestBridge Capital - holding 40.40%) and (...
Key Metrics
EPS
14.53
Current ratio
0.12
Debt/Equity
1.73
Debt/EBITDA
7.95
Interest coverage ratio
-
Operating Cashflow to total debt
0.14
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Leading market position in retail health insurance space
Comfortable solvency margins; supported by demonstrated ability to raise growth capital
Improving profitability
Liquidity: Strong
Cons
Single line of business
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About Star Health And Allied Insurance Company Limited bond.
This comprehensive profile covers key factual information about STAR HEALTH AND ALLIED INSURANCE COMPANY LIMITED. Star is a PAN-India-based standalone health insurance company headquartered at Chennai, licensed by IRDA in 2006. Star is a public listed company with major shareholders being Safecrop Investments India LLP (WestBridge Capital - holding 40.40%) and (Late) Rakesh Jhunjhunwala & family (holding 17.21%). Star is a leading SAHI with a market share (based on GDP of SAHI players) of 46% and market share (including GDP of SAHI and GI players) of 13% in December 2023. Star product offerings are retail and group health insurance cover (it has about 65 products in health portfolio), personal accident cover, and travel insurance cover. However, the company is retail focused with retail business accounting to 93% of total GWP in 9MFY24. The company has a PAN India presence via its branch network of 877 as on December 31, 2023 [PY.: 835]. The company has a base of 6.84 lakh individual agents/sales force contributing to 82% of GWP in 9MFY24, and 48 channels partners. The company also has tie-ups with 14,203 hospitals in FY23, 67% (as % of total claims) are agreed network hospitals (ANH). EPS in Mar-2024 was 14.53. Current ratio in Mar-2024 was 0.12. Debt/Equity in Mar-2024 was 1.73. Debt/EBITDA in Mar-2024 was 7.95. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.14. Total revenue for Mar-2025 was ₹15864.92. Net income for Mar-2025 stood at ₹3589.39. Total assets as of Mar-2024 were ₹17767.74. Operating cash flow for Mar-2024 was ₹1,309.96. Peers and comparison entities consist of STAR HEALTH AND ALLIED 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: Leading market position in retail health insurance space ; Comfortable solvency margins; supported by demonstrated ability to raise growth capital; Improving profitability; Liquidity: Strong. Key risks include: Single line of business. Leadership team details include Amitabh Jain (Chief Operating Officer), Anand Roy (Managing Director & CEO), Aneesh Srivastava (Chief Investment Officer), Anisha Motwani (Independent Director), Berjis Desai (Independent Director), Biju Menon (Chief Business Officer), Chandrashekhar Dwivedi (Actuary), Deepak Ramineedi (Non Executive & Nominee Director), Himanshu Walia (Chief Marketing Officer), Jayashree Sethuraman (Company Secretary & Compliance Officer), Kapil Punwani (Chief Risk Officer), Nilesh Kambli (Chief Financial Officer), Rajeev Agarwal (Independent Director), Rajni Sekhri Sibal (Independent Director), Rohit Bhasin (Independent Director), Sriharsha Anant Achar (Chief Human Resource Officer), Sumir Chadha (Non Executive & Nominee Director), Utpal Sheth (Non Executive & Nominee Director), Vikas Sharma (Chief Distribution Officer), Vishwajeet Mohnot (Chief Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.