Shikhar Insurance Co. Ltd.

Non Life InsuranceHigh Cap

NPR 618.00

NPR +2.9+0.47%

09:13 AM NPT · Jun 26, 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

617.00

High

624.90

Low

616.00

Prev Close

615.10

Volume

7,909

Turnover

Rs 4,890,882.7

Txns

Valuation · Q3 FY25/26

EPS Ann.

3.03

EPS TTM

5.36

BVPS

189.60

P/E Ann.

203.96

P/E TTM

115.30

Graham #

113.69

Capital

Mkt Cap

18.06 Arab

Total

2.92 Crore

Public

1.43 Crore

Promoter

1.49 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Strong Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Very Strong

Momentum

RSI (14)

24.27

ADX

43.59

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

632.44

SMA 50

624.22

Bands & Channels

BB Width %

7.87%

Volume & Flow

OBV

732,285

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

29,545

Shares Bought

Total Sell

29,545

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 50%

Distribution 50%

Accumulators

Quantity

9,962

Amount

6,142,250

Avg Rate

616.57

Rank

Brokers

#13#53#36

Distributors

Quantity

10,163

Amount

6,277,228

Avg Rate

617.65

Rank

Brokers

#1#39#45

Net Flow Impact:

-201units

(Rs. -134,978)

Net Flow by Timeframe

SICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 42,923 ]

Buy Side

Total: 19,885

Broker

QTY

AVG

NET

5,000

616.25

+4,800

16.9%

3,327

617.14

+3,327

11.3%

1,957

627.68

+608

6.6%

1,635

616.38

+1,455

5.5%

1,146

616.37

+1,146

3.9%

1,000

627.08

+1,000

3.4%

972

619.91

+151

3.3%

861

615.40

+861

2.9%

708

622.78

+268

2.4%

603

617.13

+497

2.0%

600

617.53

+600

2.0%

550

614.39

+540

1.9%

522

619.46

+522

1.8%

504

620.08

+329

1.7%

500

626.00

+500

1.7%

Sell Side

Total: 23,038

Broker

QTY

AVG

NET

5,724

616.26

-5,724

19.4%

2,718

621.56

-1,681

9.2%

2,244

617.05

-31

7.6%

1,794

621.09

-1,514

6.1%

1,721

616.14

-1,686

5.8%

1,657

619.77

-858

5.6%

1,449

618.55

-1,001

4.9%

1,148

621.05

-539

3.9%

966

622.00

-554

3.3%

750

616.98

-680

2.5%

723

614.33

-723

2.5%

676

616.67

-451

2.3%

542

617.92

-542

1.8%

495

619.80

-415

1.7%

431

626.04

-431

1.5%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Assets
Goodwill & Intangible Assets	10,924	8,924	8,849	0	+22.41%
Property and Equipment	764,485	720,775	804,197	0	+6.06%
Investment Properties	74,840	78,428	0	0	-4.57%
Deferred Tax Assets	53,280	63,764	84,110	0	-16.44%
Investment in Subsidiaries	0.00	0.00	0.00	0	-
Investment in Associates	241,178	163,611	72,892	0	+47.41%
Investments	4,716,317	4,803,320	4,524,231	0	-1.81%
Loans	0.00	0.00	0.00	0	-
Reinsurance Assets	6,370,512	5,129,082	4,402,768	0	+24.20%
Current Tax Assets	103,579	159,072	67,510	0	-34.89%
Insurance Receivables	965,776	786,765	860,309	0	+22.75%
Other Financial Assets	986,419	973,482	924,034	0	+1.33%
Other Assets	1,067,204	453,181	435,080	0	+135.49%
Cash and Cash Equivalent	67,356	152,363	125,393	0	-55.79%
Total Assets	15,421,871	13,492,767	12,309,372	0	+14.30%
Equity
Share Capital	3,101,568	2,923,099	2,654,947	0	+6.11%
Share Application Money Pending Allotment	0.00	0.00	0.00	0	-
Share Premium	0.00	0.00	0.00	0	-
Catastrophe Reserves	164,683	155,990	135,135	0	+5.57%
Retained Earnings	53,681	162,348	261,177	0	-66.93%
Other Equity	2,560,666	2,482,169	2,245,158	0	+3.16%
Total Equity	5,880,597	5,723,607	5,296,416	0	+2.74%
Liabilities
Insurance & Contract Liabilities
Provisions	189,765	201,412	187,414	0	-5.78%
Gross Insurance Contract Liabilities	8,333,739	6,787,089	5,773,505	0	+22.79%
Insurance Payable	148,980	245,933	219,062	0	-39.42%
Other Financial Liabilities	114,058	131,768	344,677	0	-13.44%
Other Liabilities	384,031	375,957	418,297	0	+2.15%
Taxes & Funding
Deferred Tax Liabilities	0.00	0.00	0.00	0	-
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	370,701	27,000	70,000	0	+1272.97%
Total Liabilities	9,541,274	7,769,160	7,012,956	0	+22.81%
Total Equity and Liabilities	15,421,871	13,492,767	12,309,372	0	+14.30%

Sector Peers — Non Life Insurance (24)

Peer Comparison

Non Life Insurance SECTOR — NEPAL

2025/2026 Q3

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	Book Value Per Share	Combined Expense Ratio	Commission Income Ratio	Debt to Equity	EPS (Annualized)	EPS (TTM)	First Policy	Graham's Number	Investment Yield	Loss Ratio	Management Expense Ratio	Net Profit Margin	P/B	P/E (Annualized)	P/E (TTM)	Policy Retention	P/S	Retained Risk	ROA (Annualized)	ROA (TTM)%	ROE (Annualized)	ROE (TTM)%
AIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
HEI	538	0	0%	0.01	0.24	205.28	82.75	25.3	1.3	5.9	12.42	77.34	239.51	2.53	82.49	25.56	5.71	3.4	88.64	45.49	24.47	9.01	48.55	1.39	2.92%	2.89	6.1%
HGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	439.9	+1.01	+0.23%	0.01	0.16	182.72	95.09	35.23	1.64	0.02	3.31	70.23	116.65	3.18	100.23	30.09	0.02	3.23	22,150	139.18	28.29	11.49	39.26	-	0.77%	-	1.79%
IGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NICL	516.5	-2.49	-0.48%	0.01	0.19	169.84	82.76	20.81	0.72	5.55	9.57	78.51	191.23	3.02	74.12	29.45	9.75	3.93	90.29	58.83	22.45	15.68	52.66	1.89	3.28%	3.56	6.14%
NIL	620	+4	+0.65%	0.02	0.2	219.08	78.07	23.25	1.01	7.89	12.46	64.86	247.83	2.16	73.58	27.74	9.73	3.9	81.12	52.66	36.01	14.05	57.72	1.91	3.02%	3.81	6.03%
NLG	594.9	-4.98	-0.83%	0.02	0.18	165.73	86.22	55.25	1.19	1.74	2.72	67.77	100.71	4.03	103.55	37.92	2.66	5.05	360.98	237.87	36.01	17.12	26.17	0.47	0.74%	1.07	1.67%
NMIC	973	+5.8	+0.6%	0.01	0.12	100.17	114.99	31.59	0.72	4.54	3.56	98.24	89.57	3.44	66.29	80.29	25.7	15.9	263.19	299.94	2.1	120.42	40.05	2.96	2.32%	4.51	3.54%
PIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PRIN	680.1	-7.91	-1.15%	0.01	0.14	209.55	36.47	29.58	1.15	16.58	13.12	57.22	248.72	5.9	30.1	35.95	28.41	4.42	41.86	53.58	37.14	21.14	47.28	3.88	3.07%	8.12	6.42%
RBCL	14,645	+216.43	+1.5%	0.04	0.04	6,524.1	106.34	105.37	0.46	144.49	120.36	47.81	4,203.32	2.22	119.43	92.28	39.07	3.18	107.62	127.2	8.17	74.76	17.04	1.55	1.28%	2.24	1.87%
SALICO	612.5	+17.49	+2.94%	0.02	0.18	233.64	89.86	23.94	1.43	6.77	10.85	-	238.82	3.1	85.75	28.05	6.4	3.46	89.66	59.45	-	10.2	49.56	1.12	1.8%	2.8	4.49%
SGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SGIC	473	+1.7	+0.36%	0.01	0.13	153.04	71.52	51.92	1.7	3.19	7.82	56.24	164.1	2.36	80.18	43.26	5.67	4.3	154.83	64.07	40.71	15.65	27.09	0.75	1.85%	2.12	5.2%
SIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SPIL	705	+8.02	+1.15%	0.02	0.13	250.04	106.28	24.95	2.04	1.91	10.68	59.15	245.12	3.1	98.24	32.99	2.08	4.02	394.76	69.35	36.57	14.68	48.17	0.27	1.55%	0.73	4.15%
UAIL	456	-4	-0.87%	0.01	0.22	174.73	100.65	16.72	0.94	-4.03	1.32	87.54	72.04	2.18	85.94	31.43	-5.52	3.57	-116.1	362.12	22.41	11.41	46.63	-1.2	0.39%	-2.32	0.76%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,771.16	19.59	0.34%	0.02	0.161	715.66	87.58	36.99	1.19	16.21	17.35	69.54	513.14	3.1	83.33	41.25	10.81	4.863	1,975.57	130.812	26.76	27.968	41.68	1.36	1.92%	2.68	4.01%
MED	603.7	1.35	0.3%	0.01	0.17	194	88.04	27.44	1.17	5.05	10.13	67.77	215.02	3.06	84.12	32.21	6.06	3.915	98.96	66.71	28.29	15.165	46.96	1.39	1.83%	2.8	4.32%
MAX	14,645	216.43	2.94%	0.04	0.24	6,524.1	114.99	105.37	2.04	144.49	120.36	98.24	4,203.32	5.9	119.43	92.28	39.07	15.9	22,150	362.12	40.71	120.42	57.72	3.88	3.28%	8.12	6.42%
MIN	439.9	-7.91	-1.15%	0.01	0.04	100.17	36.47	16.72	0.46	-4.03	1.32	47.81	72.04	2.16	30.1	25.56	-5.52	3.18	-116.1	45.49	2.1	9.01	17.04	-1.2	0.39%	-2.32	0.76%