RATING

RECOMMENDATION

Sell

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Sell

Business Type

Traditional Business

RATING

RECOMMENDATION

Sell

Business Type

Traditional Business

  • Care Health Growth

Get detailed information about the Care Health Share Price. In this research report, you will get to know about Care Health Pre IPO data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Care Health Revenue Growth

Growth in %

  • 16.46%

    1 Year

  • 42.40%

    3 Year

  • 46.03%

    5 Year

Revenue of the company has witnessed an increase in FY21, on account of increase in total premium due to increase in customer size base. The pandemic has created huge awareness among people for health insurance and life insurance, which led to increase in demand for the company. The retail health segment of the company grew by a significant 35% (excluding one-time Ayushman Bharat program premium of Rs. 413 crores in FY20). This is notwithstanding the fact that travel insurance business was completely muted for the entire year for obvious reasons. Total growth written premium of the company has also increased to 2,588.02Cr.

Care Health Net Profit Growth(PAT)

Growth in %

  • 55.71%

    1 Year

  • NA

    3 Year

  • NA

    5 Year

Net profit of the company is rising from past 6 years, even premium of the company has increased by 14.65%, but total claims of the company has also seen a increase of 6.94% and has reached to 953.82 Cr. Despite this company has seen good jump in its profit.

A key focus area of the company is continuous strengthening of distribution footprint and it has made notable progress by fostering new multi-level distribution partnerships as well as through its own branches. 

Care Health EPS Growth

Growth in %

  • 37.78%

    1 Year

  • NA

    3 Year

  • NA

    5 Year

  • Care Health Book Value Growth

Growth in %

  • 28.99%

    1 Year

  • 19.54%

    3 Year

  • 15.00%

    5 Year

Book Value of the company is constantly increasing, the company has issued some new shares, and has also created a reserve for employee stock option expenses amounting to Rs.11.16 crores during the financial year 2020-21 and have transferred Rs.17.85 crores to Securities Premium against the exercise of shares. 

Care Health EBITDA Growth

Growth in %

  • 14.56%

    1 Year

  • NA

    3 Year

  • NA

    5 Year

Care Health Operating Profit Growth

Growth in %

  • 14.56%

    1 Year

  • NA

    3 Year

  • NA

    5 Year

Operating profit of the company is rising from past years despite the rise in expenses, organization also continued to stay the path on all its key operating principles of quality servicing, efficiency-driven technology deployment, customer-first approach and sustainable business growth. Resultantly, your Company’s turnover grew from Rs.2,409 cr. in FY 19-20 to Rs.2,588 cr. this fiscal, with due adherence to solvency and sustainability parameters.

Care Health Asset Growth

Growth in %

  • 40.23%

    1 Year

  • 29.51%

    3 Year

  • 28.53%

    5 Year

Total assets of the company has increased due to increase in long term investment and loans and advances. The company is trying to utilise more and more of its income earned in form of investments in government bonds and infrastructure and housing.

Care Health Cash Flow from Operations

Growth in %

  • 13.47%

    1 Year

  • 23.28%

    3 Year

  • 94.86%

    5 Year

Cash flow from operating activities of the company has increased due to increase in total premium received and decrease in payments of claims in comparison to previous year.

  • Care Health Sector Specific Ratios

Care Health Net incurred claim

Growth in %

  • 6.94 %

    1 Year

  • 39.26 %

    3 Year

  • 42.08 %

    5 Year

Claims done by the clients of the company are increasing, during covid, there was a sudden jump in claims incurred, which made company to increase its reserves for claims, this also reduced the net income of the company. 

Care Health Net incurred claims to net written premiums

Growth in %

  • -6.73 %

    1 Year

  • -2.75 %

    3 Year

  • -0.74 %

    5 Year

Net claims of the company is continuously increasing but at the same time premium earned are also increasing, this led to fall in net Net incurred claims to net written premiums. This is a positive sign for the company, as they have to pay less on premium earned per rupee, while they are trying to utilize those funds efficiently.

Care Health Net written premium

Growth in %

  • 14.65 %

    1 Year

  • 36.52 %

    3 Year

  • 43.15 %

    5 Year

It is the premium earned by the company net of reinsurance premiums paid to third party. It is continuously increasing, however, it saw a significant spike in FY20 due to the pandemic, as more people became aware of the necessity of health insurance, resulting in an increase in the company's income.

  • Care Health Solvency Ratios

Care Health D/E Ratio

The company hasn't taken any debt over the last 5 years. This tells company is debt free, and makes it safe but at the same time it reduces the opportunity for financial leverage.

Care Health Current Ratio

Current ratio of the company is rising due to increase in current investments while current liability is also increasing due to reinsurance done by the company and agent balance the company have.  But current assets are increase at higher rate which led to constant increase in current ratio of the company.

Care Health Quick Ratio

Care Health Interest Coverage Ratio

The company doesn't have any debt hence they don't need to pay interest. This makes company safe

  • Care Health Operating Efficiency

Operating efficiency of the company is quite not good this suggest company is earning from premium but have to pay a lot in claims and commissions,  it also has to pay for reassurance which reduces its operating efficiency.

Care Health Operating Profit EBIT Margin(OPM)

Care Health Profit Before Tax Margin (PBT Margin)

Care Health Profit After Tax Margin (PAT Margin)

  • Care Health Profitablity Ratio

Care Health Return on Equity(RoE)

ROE of the company has increased by 20.7% in FY21, company has increased its equity due to issuance of some new shares and has seen a  increase in share premium received, simultaneously they were able to generate optimum returns on the same.

Care Health Return on Capital Employed(RoCE)

ROCE of the company has seen a slight decrease, as equity and unexpired risk for claims has increased which made company to increase its reserves and led to increase in capital employed, while  returns generated on them didn't increase to that extent, this led to slight decrease in ROCE as compared to previous year.

Care Health Return to Assets (RoA)

In FY21, ROA of the company has increased by 18.9%, company has utilized a lot of the amount earned in investments and has generated good returns from them. This suggest company is utilizing its assets properly and able to generate optimum returns on its assets.

  • Care Health Valuation Ratios

Care Health Earning Yield