Star health share price

The exit from Star Health comes over a month after he stepped down as its CEO. He resigned from the post on 4 May, and was replaced by Anand Roy, who was already serving as the company's managing director. Jagannathan was held the charge of non-executive chairman till he resigned from the company's board on June 10. Jagannathan, after attaining superannuation from the United India Insurance as its Chairman and Managing Director, founded Star Health and Allied Insurance with the backing of Dubai-based ETA Group. Star Health and Allied Insurance reported ₹102 crore net profit for the fourth quarter ended March 2023. The standalone health insurer had booked a loss of ₹82 in the January-March quarter of the preceding fiscal. The insurer collected gross written premium (GWP) of ₹4,199 crore in the quarter against ₹3,689 crore in the year-ago period, it said in a regulatory filing. The net premium income increased to ₹19,426.57 crore compared to ₹14,289.66 crore. For the entire 2022-23, profit after tax (PAT) stood at ₹619 crore against a loss of ₹1,041 crore in FY22. "During the year ended March 31, 2023, the company pursuant to the approval received from the Insurance Regulatory and Development Authority of India (Irdai) has exercised Call Option and redeemed the Subordinated debenture in full on September 6, 2022, and October 29, 2022, amounting to ₹200 crore and ₹50 crore, respectively, including interest thereon," the insurer said. The corresponding debenture redemption res...

When close to half the companies in the Insurance industry in India have price-to-sales ratios (or "P/S") below 1.5x, you may consider Star Health and Allied Insurance Company Limited ( NSEI:STARHEALTH Price to Sales Ratio vs Industry June 9th 2023 How Star Health and Allied Insurance Has Been Performing With revenue growth that's superior to most other companies of late, Star Health and Allied Insurance has been doing relatively well. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason. If you'd like to see what analysts are forecasting going forward, you should check out our free report on Star Health and Allied Insurance. What Are Revenue Growth Metrics Telling Us About The High P/S? There's an inherent assumption that a company should outperform the industry for P/S ratios like Star Health and Allied Insurance's to be considered reasonable. Taking a look back first, we see that the company managed to grow revenues by a handy 14% last year. Pleasingly, revenue has also lifted 143% in aggregate from three years ago, partly thanks to the last 12 months of growth. So we can start by confirming that the company has done a great job of growing revenues over that time. Shifting to the future, estimates from the analysts covering the company suggest revenue should grow by 22% each year over the next three years. With the industry only predi...

Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health and group health segments which accounted for 89.3% and 10.7% of the company's total GWP in Fiscal 2021 respectively. The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of Sep 31, 2021, its network distribution includes 779 health insurance branches across 25 states and 5 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals. Competitive strengths • Largest private health insurance company in India with leadership in the attractive retail health segment. • Largest network distribution in the health insurance industry. • Diversified product suite with a focus on innovation and specialized products. • Strong risk management with superior claims ratio and quality customer services. • Demonstrated track record of operating and financial performance. Star Health IPO Details IPO Date Nov 30, 2021 to Dec 2, 2021 Listing Date Dec 10, 2021 Face Value ₹10 per share Price ₹870 to ₹900 per share Lot Size 16 Shares Total Issue Size [.] shares (aggregating up to ₹7,249.18 Cr) Fresh Issue [.] shares (aggregating up to ₹2,000.00 Cr) Offer for Sale 58,324,225 shares of ₹10 (aggregating up to ₹5,24...

ICICI Securities has buy call on Star Health and Allied Insurance Company with a target price of Rs 806. The current market price of Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 36574.43 Crore) operating in Financial Services sector. Financials For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 2711.01 Crore, up .07 % from last quarter Total Income of Rs 2709.24 Crore and up 77.07 % from last year same quarter Total Income of Rs 1531.07 Crore. Company reported net profit after tax of Rs -578.37 Crore in latest quarter. Star Health Insurance (STAR) is the leading health insurance player in India with 14%/32% market share in total/retail health insurance segment as of 10MFY22. A strong network of 0.53mn agents, >12,000 hospitals and 737 branches as of 9MFY22 makes STAR a dominant franchise in Indian health insurance with significant entry barriers. This is further complemented by healthy financials (18% PAT CAGR over FY16-FY20 and average RoE of 15.5% over FY18-FY20) and strong management. While FY21/FY22 have been impacted by covid, the brokerage sees good prospects for >20% premium CAGR in Indian health insurance space till FY30 on the back of: 1) structural under-penetration, 2) increasing consumer awareness and 3) rising affordability. It sees STAR well placed to be one of the biggest beneficiaries of the same.

Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Revenue From Operation 2621.17 2687.05 2794.78 2867.24 2912.52 Total Expenditure 2917.94 2604.84 2881.97 2792.64 2995.99 Other Income 181.01 205.77 207.84 207.13 219.52 Interest 0 0 0 0 0 Depreciation 0 0 0 0 0 Profit Before Tax -115.76 287.98 120.65 281.73 136.05 Tax -33.72 74.74 27.55 71.26 34.26 Net Profit -82.04 213.24 93.1 210.47 101.79 Adjusted EPS (Rs) -1.43 3.7 1.61 3.62 1.75 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Revenue From Operation 138.41 229.31 330.3 -1481.11 -1581.97 Income From Investments 59.17 80.13 123.92 173.16 313.26 Other Income 0 0.12 0.16 0.32 8.1 Expenses 26.38 38.47 32.14 103.63 133.41 Provision 0 4 15.52 0.19 0.78 Profit Before Tax 171.2 267.09 406.21 -1445.81 -1396.64 Tax 1.05 83.67 142.9 -360.09 -355.97 Net Profit 170.15 183.42 263.3 -1085.71 -1040.67 Adjusted EPS (Rs) 3.73 4.03 5.37 -19.81 -18.08 Balance Sheet (All Figures are in Crores.) Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sources of funds Share Capital 455.58 455.58 490.64 548.09 575.52 Reserve and Surplus 504.01 687.43 1413.16 2951.25 3952.85 Fair Value A/C 0 0 1.3 -3.1 10.54 Borrowings 0 0 0 0 0 Policy Holders Fund 250 600 251.78 245.8 811.82 Funds For Appropriations 0 0 0 0 0 Total Liabilities 1209.59 1743.01 2156.89 3742.04 5350.74 Application of funds Investment 2164.72 3030.1 4289.95 6836.69 11373.43...

Meeting Date Announced on Purpose Details Apr 28, 2023 Apr 03, 2023 Board Meeting Audited Results Mar 23, 2023 Feb 14, 2023 POM - Jan 31, 2023 Jan 10, 2023 Board Meeting Quarterly Results Nov 09, 2022 Oct 25, 2022 Board Meeting Quarterly Results Jul 29, 2022 Jul 19, 2022 Board Meeting Quarterly Results • About Star Health Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 30,546.79 Crore) operating in Financial Services sector. Star Health and Allied Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned, Interest & Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2022. For the quarter ended 31-03-2023, the company has reported a Standalone Total Income of Rs 3,132.04 Crore, up 1.88 % from last quarter Total Income of Rs 3,074.37 Crore and up 11.77 % from last year same quarter Total Income of Rs 2,802.18 Crore. Company has reported net profit after tax of Rs 101.79 Crore in latest quarter. The company’s top management includes Mr.Venkatasamy Jagannathan, Mr.Anand Shankar Roy, Dr.Subbarayan Prakash, Mr.Deepak Ramineedi, Mr.Sumir Chadha, Mr.Utpal Hemendra Sheth, Ms.Anisha Motwani, Mr.Berjis Minoo Desai, PadmashriKaarthikeyan Devarayapuram Ramasamy, Mr.Rajeev Krishnamuralilal Agarwal, Mr.Rajni Sekhri Sibal, Mr.Rohit Bhasin, Mr.Nilesh Kambli, Ms.Jayashree Sethuraman, Mr.V Jayaprakash, Mr.Kapil Punwani. Company has V Sankar Aiyar & Co. as its auditor...

Star Health and Allied Insurance Company Ltd is an India-based health insurance services. The Company provides services in health, personal accident, and overseas travel insurance. Its product categories include health insura nce, accident insurance, and travel insurance. The Company’s products include Star Travel Protect Insurance Policy, Star Student Travel Protect Insurance Policy, Accident Trauma Care Insurance Policy (Individual), Star Net Plus, Classic Group Health Insurance, Star Cardiac Care Insurance Policy, Star Group Criticare Gold, Star Group Health Insurance Policy For Bank Customers, Star Group Criticare Platinum, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana(ABPMJAY) - Government of Puducherry, Star Micro Rural and Farmers Care, Star Hospital Cash Insurance Policy, Star Comprehensive Insurance Policy, Young Star Insurance Policy, Family Accident Care Insurance Policy, Star Group Health Insurance Policy Gold (For Bank Customers), and Star Group Top-up.