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Niva Bupa Health Insurance Company (NIVABUPA) Fair Value & Analysis

Financial Services · IN · Market cap ₹160B

NB Niva Bupa Health Insurance Company NIVABUPA · NSE
Price₹86.62
Fair Value₹14.14
Upside-83.7%
Quality59/100
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Evidence: Medium Range ₹10.61 – ₹17.68

Fair value as of: Jul 3, 2026

From 20 valuation models · updated today

Share price +3.1% over the past month.

Price vs Fair Value (12 months)

₹91.00 ₹68.40 Fair Value ₹14.14 Jul 2025 Jul 2026

12‑month range ₹68.40 – ₹91.00 · fair‑value band ₹10.61 – ₹17.68 · the ₹86.62 price screens above the ₹14.14 fair value. As of Jul 3, 2026.

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Analysis

Niva Bupa Health Insurance Company (NIVABUPA) currently trades at ₹86.62, while our model-based Fair Value estimate is ₹14.14 — implying the stock looks roughly 83.7% overvalued today. We read business quality at 59/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Niva Bupa Health Insurance Company generated revenue of ₹84.4B at a net margin of 4.3%. Revenue grew 26.8% year over year. It earns a return on equity of 10.7%. Net debt stands at ₹913M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹84.4B
Revenue growth (YoY) +26.8%
Net margin 4.3%
Return on equity 10.7%
Free cash flow ₹8.6B FY2026
P/E ratio 122.0
More key figures
Operating margin 8.5%
EPS (TTM) ₹0.7100
EPS growth (YoY) +90.2%
Net debt ₹913M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Niva Bupa Health Insurance Company Limited provides health insurance products in India. It offers health insurance plans, such as individual, family, NRIs, senior citizens, personal accident, critical illness; travel insurance, including international and studying abroad insurance plans; and corporate insurance comprising group and start up health, group personal accident and OPD coverage, and group health insurance claim process. The company was formerly known as Max Bupa Health Insurance Company Limited and changed its name to Niva Bupa Health Insurance Company Limited in July 2021. The company was founded in 1947 and is based in Gurugram, India. Niva Bupa Health Insurance Company Limited is a subsidiary of Bupa Singapore Holdings Pte. Ltd.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Niva Bupa Health Insurance Company reported revenue of ₹66.9B in FY2026 versus ₹18.4B in FY2022, a compound +38.1%/yr. Reported net income was ₹1.3B in FY2026.

Revenue +38.1%/yr
FY22 ₹18.4B
FY23 ₹28.0B
FY24 ₹44.3B
FY25 ₹56.9B
FY26 ₹66.9B
Net income
FY22 −₹2.0B
FY23 ₹125M
FY24 ₹819M
FY25 ₹2.1B
FY26 ₹1.3B

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Frequently asked questions

Is Niva Bupa Health Insurance Company (NIVABUPA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹14.14 versus a price of ₹86.62 — about −84% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NIVABUPA?
Our model-based fair value for Niva Bupa Health Insurance Company is ₹14.14 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹86.62.
What is the quality score of NIVABUPA?
Niva Bupa Health Insurance Company has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Niva Bupa Health Insurance Company (NIVABUPA)?
Niva Bupa Health Insurance Company reported trailing-twelve-month revenue of about ₹84.4B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of NIVABUPA?
The net profit margin of Niva Bupa Health Insurance Company is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.