Niva Bupa: Health Insurance Ka Rising Star?
Aaj kal health insurance kaafi important ho gaya hai, aur issi beech Niva Bupa ek shining star banke ubhar raha hai. FY20 se FY25 ke beech, inhone kareeb 40% CAGR ki growth dekhi hai health insurance premiums mein. Matlab, log inpe trust kar rahe hain aur apna health insurance inhi se le rahe hain. Aage chalke, Niva Bupa ke assets under management aur growth se unke margins aur earnings bhi badhne ki ummeed hai. Experts predict kar rahe hain ki FY25 se FY27 ke beech, inka IFRS PAT CAGR 53% tak pahunch sakta hai. Yeh toh kamaal ki baat hai!
Growth Ka Raaz Kya Hai?
Niva Bupa ka growth ka raaz hai unka diversified channel. Isse unka loss ratio bhi improve hota hai, khaaskar jab industry mein sabhi players, including Niva, price hikes kar chuke hain. ICICI Securities ne toh Niva Bupa ko “Buy” rating de di hai, aur target price bhi Rs 90 rakha hai, based on FY27E earnings per share of Rs 2.6 (IFRS).
Past Performance Bhi Shaandaar
Niva Bupa ka past performance bhi dekhne layak hai. FY20 se FY24 ke beech, inka gross written premium CAGR 46% raha hai. FY23 mein yeh profitable ho gaye, aur FY24 mein toh inhone Rs 819 million ka PAT report kiya. Inke products mein retail health 68.5%, group health 30% aur personal accident segment thoda sa hai. Market share ki baat karein toh, retail market share FY19 mein 4% se badhkar FY24 mein 9.1% ho gaya hai. Overall market share bhi 0.6% se 1.9% ho gaya hai.
Strong Financials Aur Future Growth
Niva Bupa ka investment management approach kaafi conservative hai, jisse unka balance bana rehta hai yield enhancement aur liquidity management ke beech. Inka solvency ratio bhi strong hai, 303% pe. Overall, Niva Bupa ka future kaafi bright lag raha hai, aur yeh dekhna interesting hoga ki woh future mein kaise perform karte hain.
