Star Health & Allied Insurance Co. Ltd. (STARHEALTH) AI Stock Analysis

• Market Cap: ₹287.26B
• Dividend Yield: N/A
• Average Volume (3M): 42.40K
• Price to Earnings (P/E): 53.9
• Beta (1Y): 0.81
• Revenue Growth: 28.04%
• EPS Growth: -38.44%
• Country: IN
• Employees: 15,913
• Sector: Healthcare
• Sector Strength: 45
• Industry: Insurance - Diversified
• EPS (TTM): 0.90
• Shares Outstanding: 588,049,870
• 10 Day Avg. Volume: 41,268
• 30 Day Avg. Volume: 42,396
• PEG Ratio: -1.33
• Price to Book (P/B): 2.88
• Price to Sales (P/S): 1.27
• P/FCF Ratio: 15.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹565.00 ▲(13.93% Upside)

Star Health & Allied Insurance Co. Ltd. demonstrates strong financial performance with consistent revenue growth and improved profitability, which is the most significant factor in its score. The technical analysis indicates a strong upward trend, though caution is advised due to overbought signals. The high P/E ratio suggests the stock is overvalued, which could limit future gains. The absence of earnings call data and corporate events means these factors do not influence the score.

Star Health & Allied Insurance Co. Ltd. Business Overview & Revenue Model

Company Description

Star Health & Allied Insurance Co. Ltd. (STARHEALTH) is a prominent health insurance provider in India, specializing in offering a wide range of health insurance products and services. Established with the vision to provide affordable and accessible health coverage, the company caters to individual customers, families, and corporate clients. STARHEALTH's core offerings include health insurance policies, critical illness plans, personal accident covers, and specialized insurance products tailored for senior citizens and maternity needs. The company focuses on enhancing customer experience through innovative solutions and a robust network of healthcare providers.

How the Company Makes Money

Star Health & Allied Insurance Co. Ltd. generates revenue primarily through the sale of insurance premiums collected from policyholders. The company offers a variety of health insurance products, and the premiums collected form a significant portion of its income. Additionally, STARHEALTH earns money through investment income generated by investing the premiums in various financial instruments, such as stocks, bonds, and mutual funds. The company also benefits from partnerships with healthcare providers and hospitals, which may lead to increased customer acquisition and retention. Furthermore, STARHEALTH may leverage regulatory incentives and government health initiatives to expand its reach and enhance profitability.

Star Health & Allied Insurance Co. Ltd. Financial Statement Overview

Summary

Star Health & Allied Insurance Co. Ltd. presents a strong financial position with consistent revenue growth and improving profitability metrics. The company has successfully reduced leverage, enhanced equity returns, and maintained solid cash flows, indicating financial stability and operational efficiency. While past challenges were evident in initial years, the recent improvements signal a positive trajectory for future performance.

Income Statement

Star Health & Allied Insurance Co. Ltd. has demonstrated a solid growth trajectory with Total Revenue increasing consistently over the years, from 2020 to 2025. The Gross Profit Margin remains strong at 100% consistently, indicating excellent cost management. Net Profit Margin has improved significantly from negative in 2021 to positive 4.01% in 2025, showcasing a successful turnaround. The EBIT and EBITDA margins have also improved, reflecting better operational efficiency. However, the initial years saw negative EBIT and EBITDA, indicating past challenges.

Balance Sheet

The company maintains a healthy Debt-to-Equity Ratio, declining from 0.15 in 2020 to 0.07 in 2025, demonstrating reduced leverage and improved financial stability. The Return on Equity has turned positive in recent years, reaching 9.08% in 2025, indicating effective use of shareholder capital. The Equity Ratio remains strong, showcasing a stable financial structure. However, initial high leverage in past years posed risks.

Cash Flow

Star Health has shown robust cash flow management with Operating Cash Flow consistently exceeding Net Income, indicating strong cash-generating abilities. The Free Cash Flow has exhibited growth, reflecting efficient capital expenditure management. The Operating Cash Flow to Net Income Ratio is stable, supporting a strong liquidity position. However, fluctuations in cash from investing activities in earlier years hint at past challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	169.05B	164.88B	144.13B	122.41B	106.02B	57.75B
Gross Profit	141.49B	138.61B	121.61B	104.13B	91.10B	44.64B
EBITDA	7.87B	9.98B	12.68B	9.67B	-13.05B	-13.72B
Net Income	5.89B	6.46B	8.45B	6.19B	-10.41B	-10.86B
Balance Sheet
Total Assets	209.38B	207.85B	180.54B	163.58B	152.79B	112.26B
Cash, Cash Equivalents and Short-Term Investments	0.00	6.58B	13.68B	10.49B	12.11B	21.02B
Total Debt	4.70B	4.70B	4.70B	4.70B	7.20B	2.50B
Total Liabilities	132.71B	136.72B	113.23B	97.69B	88.83B	70.09B
Stockholders Equity	76.67B	71.12B	67.32B	65.89B	63.96B	42.17B
Cash Flow
Free Cash Flow	0.00	12.96B	11.86B	12.29B	-340.86M	8.19B
Operating Cash Flow	0.00	13.79B	13.10B	12.76B	290.43M	8.65B
Investing Cash Flow	0.00	-11.51B	-11.77B	-10.97B	-37.86B	-24.18B
Financing Cash Flow	0.00	-42.00M	229.73M	-2.68B	25.36B	26.39B

Star Health & Allied Insurance Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 495.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STARHEALTH, the sentiment is Neutral. The current price of 495.9 is below the 20-day moving average (MA) of 496.79, above the 50-day MA of 478.70, and above the 200-day MA of 429.85, indicating a neutral trend. The MACD of 6.14 indicates Positive momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 24.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:STARHEALTH.

Star Health & Allied Insurance Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MARKSANS	70 Neutral	₹85.67B	24.36	―	0.42%	14.80%	1.35%
HCG	67 Neutral	₹107.77B	287.35	―	―	17.58%	-38.20%
STARHEALTH	66 Neutral	₹287.26B	53.86	―	―	28.04%	-38.44%
MEDANTA	65 Neutral	₹335.69B	62.80	―	0.04%	15.78%	15.01%
APLLTD	60 Neutral	₹177.69B	28.01	―	1.22%	11.42%	-1.91%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Star Health & Allied Insurance Co. Ltd. Corporate Events

Star Health Insurance’s Rating Affirmed at ‘IND AA+’ with Stable Outlook

Star Health and Allied Insurance Company Limited has had its rating affirmed at ‘IND AA+’ with a stable outlook by India Ratings and Research, highlighting its strong market leadership, robust underwriting practices, and differentiated operating model. The company maintains a 33% share of the retail health insurance market in India and reported a gross written premium of ₹16,781 crore for FY25. With a solvency ratio of 2.21x, Star Health’s financial resilience is supported by its operational model, which includes a large team of in-house doctors and efficient claims processing systems. The reaffirmation underscores Star Health’s role as a trusted partner in India’s healthcare ecosystem and its commitment to expanding access to quality healthcare protection.

Star Health & Allied Insurance Holds 20th AGM Virtually

Star Health & Allied Insurance Co. Ltd. conducted its 20th Annual General Meeting (AGM) on September 23, 2025, through video conferencing. The meeting was chaired by Mr. Rajeev Kher, with the presence of key management personnel, board members, and auditors. The AGM adhered to regulatory guidelines and allowed members to inspect statutory registers electronically. The meeting facilitated discussions on the company’s operations and future strategies, with speeches from the Chairperson and the Managing Director & CEO.

Star Health & Allied Insurance Announces Postal Ballot Results

Star Health & Allied Insurance Co. Ltd. announced the results of its postal ballot, which sought member approval for business matters through an e-voting process. The scrutinizer’s report, prepared by M/s Irshad and Associates, confirmed the completion of the voting process in compliance with relevant regulations, ensuring transparency and fairness. This announcement underscores the company’s commitment to regulatory compliance and stakeholder engagement, potentially enhancing its reputation and operational transparency.