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Niva Bupa Health Insurance Company share price & results

Niva Bupa Health Insurance Company Limited· Financial Services

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

One of India's leading standalone health insurers, selling retail, group, and PA & travel health cover.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue2,471 ₹ crore+27.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin7.0 %+2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit138 ₹ crore+94.4% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity4.60 %−3.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin12.79 %−17.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)27.90 %−6.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.

Niva Bupa Health Insurance Company Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (4 achieved, 1 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Expense of Management (EOM) Limit36% by next financial year (FY26)
Call transcript, Q3 FY25 · 4 Feb 2025		Q3 FY25Q1 FY27:Promise timeline has passed; status remains achieved. Q1 FY27 EoM was 35.2%, comfortably within the allowable limit.
Call transcript, Q1 FY27 · 30 Jul 2026		Achieved
Common Rate Empanelled Hospitals5,000 in the next 6 to 9 months
Call transcript, Q3 FY26 · 29 Jan 2026		Q3 FY26Q1 FY27:Missed. The target was 5,000 hospitals in 4-5 months from Q4 FY26. The company reported 'over 1,000' hospitals in its PPN, a significant decrease from the 2,500 reported in the previous quarter.
Call transcript, Q1 FY27 · 30 Jul 2026		Missed
Steady-state Combined Ratio (IFRS)97-98%
Call transcript, Q3 FY25 · 4 Feb 2025		Q3 FY25Q1 FY27:Original promise remains superseded by the new 99% target for FY29. Q1 FY27 CISR was 100.2%, showing progress towards the revised target.
Call transcript, Q1 FY27 · 30 Jul 2026		Revised Down

Source: Inve Guidance Tracker for Niva Bupa Health Insurance Company Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Niva Bupa Health Insurance Company Limited's 11 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹70.88 −1.46% · −₹1.05

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −4.6% 1Y

₹70.0₹75.0₹80.0₹85.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 3 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 8 May 2026Q1 FY27 — 30 Jul 2026

1Y: ₹74.3 on 24 Oct 2025 → ₹70.88. High ₹88.36 (15 Jul 2026), low ₹68.4 (23 Mar 2026).

Previous close
₹71.93
Market cap
₹13.1k Cr
52-week range
₹68.4 – ₹88.36
One year
−4.97%
Price to earnings (TTM to Jun 2026)
75.33×
Return on equity (TTM to Jun 2026)
4.60%

Overview

Symbol
NSE:NIVABUPA
Exchange
NSE
Currency
INR

What Niva Bupa Health Insurance Company Limited does

Based on the company's own presentations, annual report and earnings calls.

Niva Bupa Health Insurance Company Limited is a standalone health insurer (IRDAI Registration No. 145) that underwrites retail health, group health, and personal accident & travel insurance policies across India. It sources business through a multi-channel network of individual agents, bancassurance and other corporate agent tie-ups, and insurance brokers (including Policybazaar), and settles claims via a network of empanelled hospitals offering cashless treatment. The company also runs a digital health and wellness ecosystem (mobile app, teleconsultation, diagnostics booking, ambulance and home-care services) alongside its core insurance products. It began operations in FY2010 as a joint venture between Max India and Bupa, and was rebranded to Niva Bupa Health Insurance in July 2021 after Max India's exit.

Segments

  • Retail Health
  • Group Health
  • PA & Travel
Active lives insured
25.2 million (FY2026)
Individual agents
238,517 (FY2026)
Network hospitals (cashless)
10,566 (FY2026)
Branches
210 (FY2026)
Preferred Partner Network (PPN) hospitals
49 (FY2026)
Insurance brokers on panel
593, incl. Policybazaar (FY2026)
Founded 2008Headquarters Gurugram, Haryana, India (Corporate Office; Registered Office in New Delhi)Employees 10,191 (FY2026) Company website

How the price took the results

close before → close after

Q1 FY27
+0.2%
30 Jul
Q4 FY26
+1.6%
8 May
Q3 FY26
+1.4%
29 Jan
Q2 FY26
−1.3%
3 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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