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Care Health Insurance Ltd (Religare)

Sell
Market Cap ₹17,526Cr. Stock P/E 71.3
Current Price ₹170 Book Value ₹18.5
Lot Size 1000 52W Low
52W High Demat Account NSDL\CDSL
EPS 2.61 ISIN INE119J01011
Debt to Equity 0 Valuation ⭐⭐⭐⭐
Face Value 10 No. of Shares 94.22
Current Price : ₹170
Price History

Description

Buy Price Minimum Quantity Amount
₹153 1000 ₹ 153000

Sell Price Minimum Quantity Amount
₹ 170 1000 ₹ 170000

Company Overview:

Industry: Insurance

Incorporation Year: 2007

Website: https://www.careinsurance.com/

Care Health Insurance Limited

Care Health Insurance Limited, formerly known as Religare Health Insurance, is a prominent health insurance company in India. It is part of the larger Care Enterprises group, which also has interests in healthcare services. As of the latest information, Care Health Insurance is privately held and its shares are not publicly traded. Here’s a detailed overview:

Company Overview:

  • Name: Care Health Insurance Limited
  • Industry: Health Insurance
  • Founded: 2012
  • Headquarters: Mumbai, India
  • Ownership: A part of the Care Enterprises group

Business Model:

  • Health Insurance: Care Health Insurance offers a variety of health insurance products, including individual and family health plans, critical illness plans, and top-up plans.
  • Coverage: Their products cover a wide range of medical expenses, including hospitalization, surgeries, and pre-and post-hospitalization costs.

Geographical Presence:

  • Domestic: The Company operates across India with a network of branches and partner hospitals.

Ownership and Structure:

  • Parent Company: Care Health Insurance is a subsidiary of Care Enterprises, which is involved in various sectors including healthcare and insurance.
  • Private Status: As a private company, Care Health Insurance does not have its shares listed on public stock exchanges.

Recent Developments:

  • Brand Evolution: The company rebranded from Religare Health Insurance to Care Health Insurance in 2020, reflecting its evolution and strategic focus.
  • Expansion: Care Health Insurance has been expanding its product offerings and distribution network to capture a larger market share in the health insurance sector.

Financial Information:

  • Private Status: Detailed financial data for Care Health Insurance is typically not publicly disclosed. Financial performance information may be available through the parent company’s releases or industry reports.
  • Performance: The financial performance of Care Health Insurance can be influenced by broader trends in the health insurance industry and the performance of the parent company.

Investment Opportunities:

    • Private Equity: Investment opportunities in Care Health Insurance would generally be through private equity or venture capital channels rather than public stock markets.
    • Parent Company Investments: For those interested in investing in companies related to Care Health Insurance, examining opportunities within Care Enterprises or related entities might be an option.

Announcement and News

IRDAI fines Care Health Insurance Rs 1 cr, asks to cancel ESOPs issued to Rashmi Saluja

The insurance regulator, in its order dated July 23, stated that the options were granted against its directions and guidelines.

Sundaram Finance to offer Care Health Insurance products to customers

Sundaram Finance Ltd would provide health insurance solutions of Care Health through its extensive network.

Financial Data (IN CR.)

 

YEAR 2023 2022 2021
NET SALES 748.8 341.4 322
TOTAL INCOME 748.8 341.4 322.9
NET PROFIT 245.8 11.5 102.2
SHAREHOLDERS FUND 1743.5 1289.2 1132.2
TOTAL ASSETS 1743.5 1288.7 1130.5
EPS 2.61 0.13 1.22

 

Financial Docs

Type Period/Date Document
Annual Report 2023-24
Download
Annual Report 2022-23
Download
Annual Report 2021-22
Download
Annual Report 2020-21
Download

Profit and Loss (IN CR.)

 

Mar 2022 Mar 2023 Mar 2024
GWP 3880 5141 6864
NEP 3088 4590 6047
Operating Profit 283.6 645 356
Other Revenue 2 414 81
Operating Expenses 1070 1322 1178
Other Expenses 0 0 0
Other Income 325 420 89
Total Revenue 2961.6 4525 5678
Profit After Tax 11 245 305
EPS in Rs 0.12 2.6 3.14
Tax 4 82 105

Balance Sheet (IN Cr.)

 

Mar 2022 Mar 2023 Mar 2024
Share Capital 908.5 942 972
Reserves & Surplus 380 806 1198
Current Liabilities 1161 1559 2002
Other Liabilities 0 -6 27
Total Liabilities 3978.5 5514 7112
Fixed Assets 94 56 42
Cash & Balances 78 99 96
Investments- Shareholder 1105 1921 2130
Advances -Other Assets 250 283 342
Total Assets 3987 5514 7112

Shareholding Pattern

 

Mar 2022 Mar 2023 Mar 2024
Religare Interprises Limited 65.46% 64.98% 62.98%
Trishikhar Ventures LLP 16.48% 16.36% 15.86%
Union Bank Of India 5.65% 5.45% 5.29%
Public 12.41% 13.21% 15.86%
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