STAR HEALTH & AL INS CO L (STARHEALTH) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+1.05%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 16.0%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 7.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹534.61

200-Day DMA ● Overlay

₹495.83

14-Day RSI ● Overlay

55.7 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹31,677 Cr

Large cap

Stock P/E (TTM) Valuation

37.6x

Price / EPS

Book Value (₹) Assets

₹129.0

P/B: 4.2x

ROE (%) Quality

7.6%

Net Profit / Equity

ROCE (%) Efficiency

9.7%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

0.06x

Low Debt

EPS (TTM) Per Share

₹14.34

Trailing 12M

OPM (%) Spread

6.0%

EBITDA Margin

Free Cash Flow Cash

₹1,797 Cr

CFO - Capex

About STAR HEALTH & AL INS CO L

STAR HEALTH & AL INS CO L (STARHEALTH) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 4.3% × Turnover: 0.85x × Leverage: 1.06x = ROE: 7.61%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.06.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 7.6%).
• Company does not currently distribute regular cash dividends.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹19,114 Cr

Latest PAT

₹844.00 Cr

EPS (TTM)

₹14.34

OPM %

6.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹4,444 Cr	₹4,635 Cr	₹4,874 Cr	₹5,065 Cr
Operating Profit (EBITDA)	₹239.98 Cr	₹268.84 Cr	₹302.19 Cr	₹334.30 Cr
OPM %	5.4%	5.8%	6.2%	6.6%
Interest Expense	₹19.20 Cr	₹21.51 Cr	₹24.18 Cr	₹26.74 Cr
Depreciation	₹28.80 Cr	₹32.26 Cr	₹36.26 Cr	₹40.12 Cr
Profit before Tax (PBT)	₹191.98 Cr	₹215.07 Cr	₹241.75 Cr	₹267.44 Cr
Net Profit (PAT)	₹143.98 Cr	₹161.30 Cr	₹181.31 Cr	₹200.58 Cr
EPS in ₹	₹3.42	₹3.57	₹3.76	₹3.90

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹7,263 Cr	₹8,219 Cr	₹9,366 Cr	₹10,704 Cr	₹12,233 Cr	₹13,189 Cr	₹14,144 Cr	₹16,438 Cr	₹17,776 Cr	₹18,732 Cr	₹19,114 Cr	₹19,879 Cr
Expenses	₹6,682 Cr	₹7,562 Cr	₹8,617 Cr	₹9,848 Cr	₹11,254 Cr	₹12,134 Cr	₹13,013 Cr	₹15,123 Cr	₹16,354 Cr	₹17,233 Cr	₹17,585 Cr	₹18,288 Cr
Operating Profit	₹581.07 Cr	₹657.52 Cr	₹749.27 Cr	₹856.31 Cr	₹978.64 Cr	₹1,055 Cr	₹1,132 Cr	₹1,315 Cr	₹1,422 Cr	₹1,499 Cr	₹1,529 Cr	₹1,590 Cr
OPM %	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%
Interest	₹40.67 Cr	₹46.03 Cr	₹52.45 Cr	₹59.94 Cr	₹68.50 Cr	₹73.86 Cr	₹79.21 Cr	₹92.05 Cr	₹99.55 Cr	₹104.90 Cr	₹107.04 Cr	₹111.32 Cr
Depreciation	₹69.73 Cr	₹78.90 Cr	₹89.91 Cr	₹102.76 Cr	₹117.44 Cr	₹126.61 Cr	₹135.79 Cr	₹157.80 Cr	₹170.65 Cr	₹179.82 Cr	₹183.49 Cr	₹190.83 Cr
Profit before Tax	₹522.97 Cr	₹591.77 Cr	₹674.34 Cr	₹770.68 Cr	₹880.78 Cr	₹949.58 Cr	₹1,018 Cr	₹1,184 Cr	₹1,280 Cr	₹1,349 Cr	₹1,376 Cr	₹1,431 Cr
Net Profit	₹392.23 Cr	₹443.83 Cr	₹505.75 Cr	₹578.01 Cr	₹660.58 Cr	₹712.18 Cr	₹763.79 Cr	₹887.65 Cr	₹959.90 Cr	₹1,012 Cr	₹1,032 Cr	₹1,073 Cr
EPS in Rs	5.60	6.33	7.22	8.25	9.42	10.16	10.90	12.66	13.70	14.43	14.73	15.32

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹332.61 Cr	₹380.12 Cr	₹446.65 Cr	₹522.67 Cr	₹598.70 Cr	₹665.22 Cr	₹722.24 Cr	₹798.26 Cr	₹864.78 Cr	₹921.80 Cr	₹950.31 Cr
Reserves & Surplus	₹4,324 Cr	₹4,942 Cr	₹5,806 Cr	₹6,795 Cr	₹7,783 Cr	₹8,648 Cr	₹9,389 Cr	₹10,377 Cr	₹11,242 Cr	₹11,983 Cr	₹12,354 Cr
Borrowings (Debt)	₹259.43 Cr	₹296.50 Cr	₹348.38 Cr	₹407.68 Cr	₹466.98 Cr	₹518.87 Cr	₹563.34 Cr	₹622.64 Cr	₹674.53 Cr	₹719.00 Cr	₹741.24 Cr
Total Liabilities	₹8,315 Cr	₹9,503 Cr	₹11,166 Cr	₹13,067 Cr	₹14,967 Cr	₹16,630 Cr	₹18,056 Cr	₹19,957 Cr	₹21,620 Cr	₹23,045 Cr	₹23,758 Cr
Fixed Assets	₹3,991 Cr	₹4,561 Cr	₹5,360 Cr	₹6,272 Cr	₹7,184 Cr	₹7,983 Cr	₹8,667 Cr	₹9,579 Cr	₹10,377 Cr	₹11,062 Cr	₹11,404 Cr
Total Assets	₹8,315 Cr	₹9,503 Cr	₹11,166 Cr	₹13,067 Cr	₹14,967 Cr	₹16,630 Cr	₹18,056 Cr	₹19,957 Cr	₹21,620 Cr	₹23,045 Cr	₹23,758 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹741.24 Cr	₹844.19 Cr	₹988.32 Cr	₹1,112 Cr	₹1,277 Cr	₹1,400 Cr	₹1,544 Cr	₹1,750 Cr	₹1,894 Cr	₹2,018 Cr	₹2,059 Cr
Cash from Investing (CFI)	-₹459.57 Cr	-₹523.40 Cr	-₹612.76 Cr	-₹689.35 Cr	-₹791.48 Cr	-₹868.08 Cr	-₹957.44 Cr	-₹1,085 Cr	-₹1,174 Cr	-₹1,251 Cr	-₹1,277 Cr
Cash from Financing (CFF)	-₹237.20 Cr	-₹270.14 Cr	-₹316.26 Cr	-₹355.80 Cr	-₹408.51 Cr	-₹448.04 Cr	-₹494.16 Cr	-₹560.05 Cr	-₹606.17 Cr	-₹645.70 Cr	-₹658.88 Cr
Free Cash Flow (FCF)	₹373.59 Cr	₹425.47 Cr	₹498.11 Cr	₹560.38 Cr	₹643.40 Cr	₹705.66 Cr	₹778.30 Cr	₹882.08 Cr	₹954.72 Cr	₹1,017 Cr	₹1,038 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10.1%	10.5%	10.9%	11.3%	11.7%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹219.01 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹554.00

DCF Fair Value

₹219.01

Graham Number

₹204.01

Margin of Safety

-61.7%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹219.01

Premium / Overvalued (Margin: -61.7%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹213	₹211	₹209	₹207
10%	₹217	₹215	₹213	₹211
12%	₹221	₹219	₹217	₹215
14%	₹225	₹223	₹221	₹219

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹219	Fairly Valued
Benjamin Graham Number	₹204	Market Priced
Historical Sector P/E	₹315	Premium
EV / EBITDA Multiplier	₹582	In-Line
Free Cash Flow Yield Model	₹543	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

4.71 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.06x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 6.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

58.01%

FIIs (Foreign)

16.04%

DIIs (Domestic)

19.41%

Government

0.15%

Public / Retail

6.55%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	58.49%	58.37%	58.25%	58.13%	58.01%	57.89%	57.77%	57.65%
• Promoter & Promoter Group Family Trusts	27.84%	27.84%	27.84%	27.84%	27.84%	27.84%	27.84%	27.84%
• Operating Holding Companies & LLPs	22.04%	22.04%	22.04%	22.04%	22.04%	22.04%	22.04%	22.04%
• Key Executive Promoters (Individual)	8.12%	8.12%	8.12%	8.12%	8.12%	8.12%	8.12%	8.12%
+ FIIs (Foreign Portfolio)	15.75%	15.82%	15.90%	15.97%	16.04%	16.11%	16.18%	16.26%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	19.22%	19.27%	19.31%	19.36%	19.41%	19.46%	19.51%	19.55%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	6.39%	6.39%	6.39%	6.39%	6.39%	6.39%	6.39%	6.39%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Healthcare & Pharma.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

STARHEALTH Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

STARHEALTH Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

STARHEALTH Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹709.12

Accelerated market share capture in Healthcare & Pharma, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹620.48

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 38x P/E.

🐻 Bear Case (15%) -12.0%

₹487.52

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Healthcare & Pharma)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:17 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ STAR HEALTH & AL INS CO L (STARHEALTH)	Target Stock	₹554.00	+1.05%	37.6x	7.6%	9.7%	0.06	₹31,677 Cr
Sun Pharmaceutical Industries Ltd (SUNPHARMA)	Specialty Pharma & Generics	₹1,902.30	-0.12%	34.2x	16.0%	20.5%	0.06	₹4.32 Lakh Cr
Divis Laboratories Ltd (DIVISLAB)	API & Custom Synthesis	₹11,367.00	-1.72%	82.4x	16.5%	22.0%	0.00	₹2.46 Lakh Cr
Torrent Pharmaceuticals Ltd (TORNTPHARM)	Sector Peer	₹4,761.00	-0.40%	86.1x	27.6%	19.8%	1.69	₹1.81 Lakh Cr
Apollo Hospitals Enterprise Ltd (APOLLOHOSP)	Hospital Chains & Apollo 24/7	₹8,604.00	+0.64%	53.9x	21.2%	17.4%	0.90	₹1.13 Lakh Cr
LAURUS LABS Ltd (LAURUSLABS)	Healthcare & Pharma Operations	₹2,429.00	-1.02%	99.7x	18.3%	17.8%	0.48	₹1.09 Lakh Cr
Cipla Ltd (CIPLA)	Respiratory & Generic Medicine	₹1,419.90	+1.15%	30.2x	11.6%	15.5%	0.02	₹1.08 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:17:15 IST	✓ Live Sync
Financial Statements (10Y)	STAR HEALTH & AL INS CO L Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

Save to Your Watchlist

TickerPulse Academy

STAR HEALTH & AL INS CO L

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About STAR HEALTH & AL INS CO L

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Healthcare & Pharma)

Metric Explainer

Stock DNA Methodology

Document Title