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NIVABUPA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.3

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.3

Stock Code NIVABUPA Market Cap 13,239 Cr. Current Price 71.6 ₹ High / Low 95.2 ₹
Book Value 20.6 ₹ Dividend Yield 0.00 % ROCE 7.45 % ROE 8.18 %
Face Value 10.0 ₹ DMA 50 74.9 ₹ DMA 200 77.5 ₹ Chg in FII Hold -0.41 %
Chg in DII Hold 0.73 % PAT Qtr -87.6 Cr. PAT Prev Qtr -35.3 Cr. RSI 39.2
MACD -1.46 Volume 26,12,947 Avg Vol 1Wk 60,13,904 Low price 61.0 ₹
High price 95.2 ₹ Debt to equity 0.07 52w Index 30.9 % Qtr Profit Var -762 %
EPS -0.03 ₹ Industry PE 33.4

📊 Financials

  • Revenue & Profitability: PAT worsened from -₹35.3 Cr. to -₹87.6 Cr., showing deep losses. EPS at -₹0.03 reflects negative earnings.
  • Margins & Returns: ROCE (7.45%) and ROE (8.18%) are weak, reflecting poor efficiency and profitability.
  • Debt: Debt-to-equity ratio of 0.07 indicates low leverage, ensuring manageable risk.
  • Cash Flow: Weak due to sustained losses, though low debt provides some cushion.

💹 Valuation

  • P/E Ratio: Not applicable due to negative earnings.
  • P/B Ratio: ~3.47 (Price ₹71.6 / Book Value ₹20.6) → Expensive on book value basis.
  • PEG Ratio: Not meaningful due to negative earnings.
  • Intrinsic Value: Current price reflects distress valuation, with limited upside unless profitability improves.

🏢 Business Model & Competitive Advantage

  • Niva Bupa operates in health insurance, benefiting from rising demand for healthcare coverage in India.
  • Competitive advantage lies in brand recognition and distribution network, but profitability remains a challenge.
  • No dividend yield, reflecting reinvestment focus and losses.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive only near ₹60–65 range (close to 52W low of ₹61.0), given current losses.
  • Long-Term Holding: High-risk investment. Suitable only for speculative investors betting on turnaround. Conservative investors should avoid until profitability stabilizes.


✅ Positive

  • Low debt-to-equity ratio (0.07) ensures financial safety.
  • DII holdings increased (+0.73%), showing domestic institutional support.
  • Health insurance industry has long-term growth potential.

⚠️ Limitation

  • Negative earnings and weak ROCE/ROE.
  • No dividend yield reduces attractiveness for income investors.
  • P/B ratio (~3.47) is expensive relative to fundamentals.

📉 Company Negative News

  • PAT worsened significantly compared to previous quarter.
  • FII holdings reduced (-0.41%), showing cautious foreign sentiment.
  • MACD at -1.46 indicates bearish technical momentum.

📈 Company Positive News

  • DII holdings increased (+0.73%), reflecting domestic institutional confidence.
  • RSI at 39.2 indicates oversold territory, potential for rebound.

🏭 Industry

  • Health insurance industry benefits from rising healthcare costs, government initiatives, and increasing awareness.
  • Industry PE at 33.4 suggests peers are profitable, highlighting Niva Bupa’s relative weakness.

🔎 Conclusion

  • Niva Bupa is currently loss-making with weak fundamentals and negative return ratios.
  • Valuation above book value reflects market optimism, but profitability challenges limit upside.
  • Best strategy: Avoid aggressive buying. Speculative investors may accumulate near ₹60–65 range, while long-term conservative investors should wait for profitability improvement.

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