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Unlisted Shares
Care Health Essentials
As of July 27, 2024, Care Health Insurance, Unlisted Shares are trading at ₹185.00 per share, with a 52-week high of ₹210 and 52-week low of ₹178. The minimun lot size is 1025 shares, and the shares are traded on NSDL and CDSL.
ISIN
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The numbers are allocated by a country's respective national numbering agency (NNA).
Face Value
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total Share
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
Total Income
Gross income refers to the total income earned by an individual on a pay check before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
Profit After Tax
It is the final profit left over after subtracting all operating and non operating items from net revenue.
EPS
It is the profit allocated to each outstanding share of common stock.
P/E
It is a valuation parameter that measures the company's current share price relative to its per-share earnings. Generally, high P/E is Overvalued & low P/E is Undervalued.
P/B
It shows the relationship between the current price and the book value of each share. A lower P/B ratio can mean that the stock is undervalued.
Market Capitalisation
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding shares.
Enterprise Value
It measures companys total value, which includes market capitalization, debt and excludes cash.
Book Value
It calculates the per share value of a company based on its equity available to common shareholders
Intrinsic Value
Intrinsic value is the anticipated value of a company or stock determined through fundamental analysis. It is also referred to as the price a rational investor is willing to pay for an investment, given its level of risk.
Earnings Yield
Sector
A sector is an area in which businesses share the same or a related product or service. It can also be known as an industry or market that shares common operating characteristics
Sub-sector
Subsectors are the divisions of a sector. They are areas that vary from the rest of the sector substantially enough to justify creating a plan just for the subsector.
Category
Category is defined as a class or division of things regarded as having particular shared characteristics.
Cashflow - Operations
It indicates the amount of money a company brings in from its ongoing and regular operations over a fixed period of time.
Cashflow - Financing
It shows the net flows of cash that are used to fund the company, which include transactions involving debt, equity, and dividends.
Care Health Growth
Compounded Sales Growth
1 Year
3 Year
6 Year
Compounded Profit Growth
1 Year
3 Year
6 Year
Return On Equity
2018
2021
2023
Highlights
- Growing Top and Bottomline: Over the past five years, the company's revenue increased at a compound annual growth rate (CAGR) of 450%, while its net profit grew at a CAGR of 272.15%. In FY23, revenue grew by 53.31%, and net profit grew by 2039.6%.
- Increasing Gross Direct Premium: In FY23, the company became the second-largest standalone health insurer (SAHI) in terms of Gross Direct Premium, with a growth of 32.48% to Rs. 5237.69 Cr.
- Growing AUM: Over the last five years, the company's assets under management have grown at a compound annual growth rate of 31.23%. In FY23, the assets under management grew by 38.54%.
- Prominent Investors: Care Health has Religare Enterprise Ltd as the major shareholder (64.98%), followed by Kedaara Capital Ltd (16.36%) and Union Bank of India (5.45%).
- Investment Thesis: The company's operating profitability has improved with a combined ratio of 92.27%, and it is becoming a major player among standalone health insurers. However, its valuation appears to be relatively overpriced as compared to its peers. It is currently trading at a P/E of 70.9x, which is higher than the average P/E of its peers, which is 48.4x. Moreover, the company's P/B ratio is also trading at a higher value of 11.7x as compared to the average P/B ratio of its peers, which is 4.3x.
- Potential Governance Red Flag: The company issued ESOPs worth Rs. 250 Cr. to the non-executive director Dr. Rashmi Saluja without informing the shareholders of the parent company Religare. (Source Economic Times, dated 17 Nov 2023)
Business Rating
Managment
Accounting Practice
Profatibility
Solvency
Growth
Valuation
Overall Ratings
Recommendation
Our Team
Mr. Anuj Gulati
( Managing director & CEO )
“A good health index is the fulcrum for a progressive and productive society. We look forward to initiatives that will help facilitate access to quality healthcare for all stratas of the population. Since health insurance is an effective healthcare financing tool, it will be beneficial to have programs that drive health insurance enrolment and therefore address the challenges of under-penetration and inadequate coverage.”
“A good health index is the fulcrum for a progressive and productive society. We look forward to initiatives that will help facilitate access to quality healthcare for all stratas of the population. Since health insurance is an effective healthcare financing tool, it will be beneficial to have programs that drive health insurance enrolment and therefore address the challenges of under-penetration and inadequate coverage.”
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, Min. Investment: ₹