Shikhar Insurance Co. Ltd.

Non Life InsuranceHigh Cap

NPR 609.00

NPR -3-0.49%

09:12 AM NPT · May 15, 2026

Est. March 2004 · Thapathali, Kathmandu, Bagmati Province, Nepal · CEO: Mr. Dip Prakash Panday

Shikhar Insurance Company Limited is one of Nepal’s leading non-life (general) insurance providers, renowned for its robust market presence, strong customer trust, and consistent financial performance. Licensed by the Nepal Insurance Authority, the company delivers comprehensive risk-management solutions to individuals, businesses, and institutions across the country. Since its establishment, Shikhar Insurance has built a reputation for innovation, efficient claim settlement, and customer-centric insurance services. Headquartered in Kathmandu, Shikhar Insurance offers an extensive portfolio of general insurance products including motor, fire and property, marine and transit, engineering and contractor’s all-risk, aviation, agriculture and livestock, medical and personal accident, travel, and miscellaneous commercial insurance. The company is widely recognized for its rapid underwriting processes, strong agent network, digital policy platforms, and highly professional management. As one of the strongest insurers in Nepal in terms of gross written premium and market share, Shikhar Insurance Company Limited continues to set benchmarks in governance, transparency, and service excellence. With a nationwide presence and a commitment to innovation, the company plays a crucial role in strengthening Nepal’s insurance ecosystem and supporting economic resilience.

shikharinsurance.com/

Trading

Open

622.90

High

622.90

Low

609.00

Prev Close

612.00

Volume

3,233

Turnover

Rs 1,975,674.8

Txns

Valuation · Q2 FY25/26

EPS Ann.

-3.06

EPS TTM

5.15

BVPS

196.64

P/E Ann.

-199.02

P/E TTM

118.25

Graham #

N/A

Capital

Mkt Cap

17.8 Arab

Total

2.92 Crore

Public

1.43 Crore

Promoter

1.49 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Very Strong

Momentum

RSI (14)

31.23

ADX

59.42

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

618.31

SMA 50

638.9

Bands & Channels

BB Width %

4.68%

Volume & Flow

OBV

677,218

Flow Analysis

[ Live 2026-05-14 ]

Total Buy

26,734

Shares Bought

Total Sell

26,734

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 52%

Distribution 48%

Accumulators

Quantity

8,274

Amount

5,083,077

Avg Rate

614.34

Rank

Brokers

#69#66#74#41

Distributors

Quantity

7,649

Amount

4,680,105

Avg Rate

611.86

Rank

#10

Brokers

#47#49#51

Net Flow Impact:

+625units

(Rs. 402,972)

Net Flow by Timeframe

SICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 37,948 ]

Buy Side

Total: 18,372

Broker

QTY

AVG

NET

3,552

616.96

+3,552

13.3%

1,798

611.39

+1,288

6.7%

1,500

612.16

+1,460

5.6%

1,430

611.73

+240

5.3%

1,424

613.85

+1,206

5.3%

1,173

611.57

+138

4.4%

1,120

610.93

+923

4.2%

985

615.06

+935

3.7%

983

611.50

+808

3.7%

960

621.07

+617

3.6%

822

613.81

+757

3.1%

752

611.55

+401

2.8%

636

614.62

+636

2.4%

620

610.27

+620

2.3%

617

611.88

+487

2.3%

Sell Side

Total: 19,576

Broker

QTY

AVG

NET

3,360

610.72

-3,360

12.6%

2,239

611.06

-2,107

8.4%

2,228

612.62

-1,262

8.3%

2,050

614.60

-1,975

7.7%

1,703

617.63

-501

6.4%

1,526

610.16

-1,526

5.7%

1,417

612.63

-1,417

5.3%

1,007

613.94

-722

3.8%

879

611.57

-218

3.3%

627

614.91

-583

2.4%

596

611.50

-346

2.2%

591

616.29

-561

2.2%

512

613.53

-488

1.9%

478

615.42

-301

1.8%

363

619.15

-353

1.4%

Financial Fundamentals

Financial Metric	FY25/26 Q2	FY24/25 Q2	FY23/24 Q2	FY22/23 Q2	Growth %
Assets
Goodwill & Intangible Assets	11,237,857	9,166,371	8,761,796	0	+22.60%
Property and Equipment	744,977,216	726,091,480	800,136,245	252,665,101	+2.60%
Investment Properties	75,352,831	78,427,771	0	0	-3.92%
Deferred Tax Assets	65,041,531	66,576,386	85,165,804	0	-2.31%
Investment in Subsidiaries	0.00	0.00	0.00	0	-
Investment in Associates	241,177,681	163,611,239	72,891,606	0	+47.41%
Investments	4,669,214,930	4,621,128,738	4,406,385,721	1,210,091,997	+1.04%
Loans	0.00	0.00	0.00	0.00	-
Reinsurance Assets	6,739,175,098	5,790,172,270	4,110,393,089	0	+16.39%
Current Tax Assets	105,684,313	154,489,421	60,160,499	0	-31.59%
Insurance Receivables	1,038,371,369	918,541,205	801,044,629	0	+13.05%
Other Financial Assets	928,698,984	979,237,523	745,205,831	0	-5.16%
Other Assets	1,139,002,537	512,963,808	395,317,181	5,343,669,273	+122.04%
Cash and Cash Equivalent	55,539,277	78,614,890	195,088,713	106,320,795	-29.35%
Total Assets	15,813,473,624	14,099,021,102	11,680,551,114	6,912,747,166	+12.16%
Equity
Share Capital	2,923,099,000	2,654,947,300	2,654,947,300	2,286,081,200	+10.10%
Share Application Money Pending Allotment	0.00	0.00	0.00	160927298.00	-
Share Premium	0.00	0.00	0.00	0	-
Catastrophe Reserves	2,078,805,383	1,967,173,033	1,789,688,253	130,890,349	+5.67%
Retained Earnings	165,757,550	400,744,099	314,979,148	810,075,558	-58.64%
Other Equity	580,366,945	608,590,760	527,671,845	1,531,980,207	-4.64%
Total Equity	5,748,028,878	5,631,455,192	5,287,286,546	4,919,954,612	+2.07%
Liabilities
Insurance & Contract Liabilities
Provisions	183,969,248	193,597,224	168,411,894	1,493,060,678	-4.97%
Gross Insurance Contract Liabilities	8,934,009,835	7,354,957,318	5,640,592,014	0	+21.47%
Insurance Payable	101,041,250	363,169,582	127,931,088	0	-72.18%
Other Financial Liabilities	120,592,488	116,451,696	81,190,543	0	+3.56%
Other Liabilities	369,630,437	439,390,090	375,139,030	499,731,877	-15.88%
Taxes & Funding
Deferred Tax Liabilities	0.00	0.00	0.00	0	-
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	356,201,486	0	0	0	-
Total Liabilities	10,065,444,744	8,467,565,910	6,393,264,569	1,992,792,555	+18.87%
Total Equity and Liabilities	15,813,473,622	14,099,021,102	11,680,551,115	6,912,747,167	+12.16%

Sector Peers — Non Life Insurance (24)

Peer Comparison

Non Life Insurance SECTOR — NEPAL

2025/2026 Q2

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	BVPS	C/D Ratio%	EPS (Annu.)	EPS (TTM)	Graham's No.	Int. Rate Spread%	NIM%	NPL%	NPM%	P/B	P/E (Annu.)	PEG	P/E (Latest)	P/E (TTM)	P/S	ROA (Annu.)%	ROA (TTM)%	ROE (Annu.)%	ROE (TTM)%
AIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
HEI	531	-5.53	-1.03%	-	0.24	209.67	-	1.26	15.53	270.67	-	0%	-	1.14%	4.81	400	0	392.86	31.87	18.39	0.26%	3.41%	0.6%	7.49%
HGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	422	+1.01	+0.24%	-	0.14	176.25	-	-11.96	1.34	72.9	-	0%	-	-19.8%	4.75	-35.03	0	-35.09	313.21	27.77	-2.74%	0.3%	-6.5%	0.73%
IGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NICL	480	-5	-1.03%	-	0.19	166.91	-	0.39	9.24	186.28	-	0%	-	0.69%	5.97	1,277.18	0	1,256.41	53.03	35.72	0.12%	3.2%	0.24%	6.03%
NIL	610	-1.28	-0.21%	-	0.17	229.19	-	0.8	15.07	278.77	-	0%	-	1.06%	5.39	772.5	0	753.75	40.01	32.92	0.18%	3.39%	0.36%	6.84%
NLG	567	-6.89	-1.2%	-	0.18	163.55	-	0.86	3.81	118.41	-	0%	-	1.41%	8.31	790.58	0	779.42	175.93	44.58	0.24%	1.1%	0.6%	2.65%
NMIC	1,007.9	+7.9	+0.79%	-	0.14	101.65	-	3.61	1.99	67.46	-	0%	-	21.06%	24.4	343.49	0.09	362.88	658.29	289.04	3.02%	1.67%	4.18%	2.31%
PIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PRIN	650	-3.99	-0.61%	-	0.14	202.27	-	14.85	12.88	242.11	-	0%	-	25.88%	12.78	43.5	0	47.35	54.6	180.2	3.56%	3.12%	7.52%	6.54%
RBCL	15,400	+500.62	+3.36%	-	0.04	6,461.26	-	132.96	96.84	3,752.12	-	0%	-	32.6%	4.6	111.69	0	112.82	154.89	145.67	1.42%	1.04%	2.08%	1.51%
SALICO	586.4	+3.38	+0.58%	-	0.19	227.43	-	2.85	14.29	270.42	-	0%	-	2.33%	5.28	210.53	0	208.42	41.57	19.7	0.44%	2.23%	1.2%	6.04%
SGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SGIC	455.9	-3.12	-0.68%	-	0.1	145.61	-	-8.92	6.18	142.29	-	0%	-	-18.98%	6.62	-54.02	0	-52.35	75.57	41.01	-1.98%	1.37%	-6.2%	4.29%
SIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SPIL	700.7	-9.37	-1.32%	-	0	241.32	-	-12.72	11.03	244.72	-	0%	-	-15,930.16%	5.94	-56.35	0	-54	62.28	35,840	-1.8%	1.56%	-4.8%	4.17%
UAIL	441.9	+1.01	+0.23%	-	0.21	171.7	-	-9.23	1.74	81.99	-	0%	-	-13.63%	5.22	-48.59	0	-49.47	262.41	26.5	-2.86%	0.53%	-5.48%	1.03%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,821.07	39.9	-0.07%	-	0.145	708.07	-	9.56	15.83	477.34	-	0%	-	-1,324.7%	7.839	312.957	0.008	310.25	160.305	3,058.458	-0.01%	1.91%	-0.52%	4.14%
MED	576.7	-2.2	-0.41%	-	0.155	189.26	-	0.83	10.14	214.2	-	0%	-	1.1%	5.665	161.11	0	160.62	68.925	38.365	0.21%	1.62%	0.48%	4.23%
MAX	15,400	500.62	3.36%	-	0.24	6,461.26	-	132.96	96.84	3,752.12	-	0%	-	32.6%	24.4	1,277.18	0.09	1,256.41	658.29	35,840	3.56%	3.41%	7.52%	7.49%
MIN	422	-9.37	-1.32%	-	0	101.65	-	-12.72	1.34	67.46	-	0%	-	-15,930.16%	4.6	-56.35	0	-54	31.87	18.39	-2.86%	0.3%	-6.5%	0.73%