About
Niva Bupa Health Insurance Company Limited provides health insurance products in India. It offers health insurance plans, such as individual, family, NRIs, senior citizens, personal accident, critical illness, disease-specific, hospital cash, and maternity insurance; travel insurance plans, including international and studying abroad insurance; and corporate insurance plans comprising group and start up health, group personal accident, and OPD coverage, as well as group health insurance claim process. The company was formerly known as Max Bupa Health Insurance Company Limited and changed its name to Niva Bupa Health Insurance Company Limited in July 2021. The company was incorporated in 2008 and is based in Gurugram, India. Niva Bupa Health Insurance Company Limited operates as a subsidiary of Bupa Singapore Holdings Pte. Ltd.
Key Metrics
as of Sep 2026Market Cap14,814 Cr
P/E85.00
Div Yield0.00 %
Book Value₹0.00
52w High₹91.40
52w Low₹67.50
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,471.00 | 2,251.00 | 1,611.00 | 1,574.00 | 1,932.00 | 1,671.00 | 1,258.00 | 1,321.00 | 1,124.00 | 1,316.00 | 1,026.00 | 969.00 |
| Expenses | 2,287.00 | 2,069.00 | 1,705.00 | 1,627.00 | 1,834.00 | 1,420.00 | 1,282.00 | 1,387.00 | 1,228.00 | 1,215.00 | 1,071.00 | 1,027.00 |
| Operating Profit | 184.00 | 182.00 | -94.00 | -53.00 | 98.00 | 251.00 | -24.00 | -66.00 | -103.00 | 100.00 | -46.00 | -58.00 |
| OPM % | 7.00 | 8.00 | -6.00 | -3.40 | 5.00 | 15.00 | -1.90 | -5.00 | -9.00 | 8.00 | -4.40 | -6.00 |
| Other Income | 0.00 | -1.00 | 7.00 | 18.00 | 0.00 | -45.00 | 37.00 | 79.00 | 84.00 | 57.00 | 50.00 | 50.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 184.00 | 181.00 | -88.00 | -35.00 | 98.00 | 206.00 | 13.00 | 13.00 | -19.00 | 157.00 | 5.00 | -8.00 |
| Tax % | 25.00 | 12.00 | 0.00 | 0.00 | 27.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 138.00 | 159.00 | -88.00 | -35.00 | 71.00 | 206.00 | 13.00 | 13.00 | -19.00 | 157.00 | 5.00 | -8.00 |
| EPS in Rs | 0.75 | 0.86 | -0.47 | -0.19 | 0.39 | 1.13 | 0.07 | — | — | — | — | — |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,695.00 | 5,374.00 | 4,115.00 | 2,853.00 | 1,877.00 | 1,413.00 | 1,057.00 | 851.00 |
| Expenses | 6,534.00 | 5,292.00 | 4,228.00 | 3,183.00 | 2,328.00 | 1,435.00 | 1,094.00 | 880.00 |
| Operating Profit | 160.00 | 83.00 | -113.00 | -330.00 | -451.00 | -22.00 | -37.00 | -29.00 |
| OPM % | 2.40 | 1.50 | -2.70 | -12.00 | -24.00 | -1.50 | -3.50 | -3.40 |
| Other Income | 2.00 | 155.00 | 224.00 | 374.00 | 281.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 4.00 | 3.00 |
| Depreciation | 36.00 | 25.00 | 29.00 | 32.00 | 27.00 | 22.00 | 21.00 | 16.00 |
| Profit before tax | 127.00 | 214.00 | 82.00 | 13.00 | -197.00 | -50.00 | -62.00 | -48.00 |
| Tax % | -3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 131.00 | 214.00 | 82.00 | 13.00 | -197.00 | -50.00 | -62.00 | -48.00 |
| EPS in Rs | 0.71 | 1.17 | — | — | — | — | — | — |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,847.00 | 1,827.00 | 1,700.00 | 1,511.00 | 1,409.00 | 1,350.00 | 1,126.00 | 981.00 |
| Reserves | 1,939.00 | 1,949.00 | 351.00 | -683.00 | -903.00 | -773.00 | -780.00 | -719.00 |
| Borrowings | 250.00 | 250.00 | 250.00 | 250.00 | 250.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 7,240.00 | 5,735.00 | 3,891.00 | 2,799.00 | 1,983.00 | 1,322.00 | 891.00 | 737.00 |
| Total Liabilities | 11,276.00 | 9,760.00 | 6,192.00 | 3,877.00 | 2,738.00 | 1,899.00 | 1,237.00 | 1,000.00 |
| Fixed Assets | 85.00 | 66.00 | 58.00 | 52.00 | 49.00 | 46.00 | 39.00 | 30.00 |
| CWIP | 3.00 | 9.00 | 1.00 | 4.00 | 1.00 | 2.00 | 2.00 | 2.00 |
| Investments | 9,670.00 | 8,175.00 | 5,458.00 | 3,366.00 | 2,401.00 | 1,622.00 | 1,067.00 | 816.00 |
| Other Assets | 1,518.00 | 1,510.00 | 675.00 | 455.00 | 287.00 | 230.00 | 129.00 | 152.00 |
| Total Assets | 11,276.00 | 9,760.00 | 6,192.00 | 3,877.00 | 2,738.00 | 1,899.00 | 1,237.00 | 1,000.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 905.00 | 1,654.00 | 813.00 | 593.00 | 338.00 | 257.00 |
| Cash from Investing Activity | -961.00 | -2,348.00 | -1,882.00 | -829.00 | -723.00 | -374.00 |
| Cash from Financing Activity | -5.00 | 771.00 | 1,110.00 | 280.00 | 374.00 | 280.00 |
| Net Cash Flow | -62.00 | 78.00 | 41.00 | 43.00 | -12.00 | 164.00 |
| Free Cash Flow | 857.00 | 1,614.00 | 780.00 | 555.00 | 309.00 | 229.00 |
| CFO/OP % | 577.00 | 2,000.00 | -720.00 | -180.00 | -75.00 | -1,180.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Days | -354.00 | -351.00 | -298.00 | -313.00 | -341.00 | -290.00 | -270.00 | -264.00 |
| ROCE % | 3.00 | 7.00 | 5.00 | 1.00 | -30.00 | -10.00 | -19.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update21 Aug from icra
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Rating update16 Jul from icra
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Rating update26 Jun from care
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Rating update27 Jun 2025 from care
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Rating update2 Jul 2024 from care
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Rating update3 Jan 2024 from care