Shikhar Insurance Co. Ltd.

Non Life InsuranceHigh Cap

NPR 610.00

NPR -6-0.97%

08:08 AM NPT · May 14, 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

625.00

High

633.30

Low

610.00

Prev Close

616.00

Volume

4,328

Turnover

Rs 2,669,487.6

Txns

Valuation · Q2 FY25/26

EPS Ann.

-3.06

EPS TTM

5.15

BVPS

196.64

P/E Ann.

-199.35

P/E TTM

118.45

Graham #

N/A

Capital

Mkt Cap

17.83 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)

34.32

ADX

60.01

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

619.31

SMA 50

639.95

Bands & Channels

BB Width %

4.96%

Volume & Flow

OBV

684,758

Flow Analysis

[ Live 2026-05-13 ]

Total Buy

24,811

Shares Bought

Total Sell

24,811

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 35%

Distribution 65%

Accumulators

Quantity

5,568

Amount

3,408,858

Avg Rate

612.22

Rank

#11

Brokers

#10#66#41#5

Distributors

Quantity

10,227

Amount

6,249,446

Avg Rate

611.07

Rank

Brokers

#47#49#42

Net Flow Impact:

-4,659units

(Rs. -2,840,588)

Net Flow by Timeframe

SICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 33,906 ]

Buy Side

Total: 14,693

Broker

QTY

AVG

NET

1,768

612.00

+1,738

7.1%

1,500

612.16

+1,460

6.0%

1,286

614.25

+1,120

5.2%

1,196

612.13

+129

4.8%

1,100

610.82

+991

4.4%

1,014

610.13

+1,014

4.1%

950

610.81

+755

3.8%

832

614.20

+832

3.4%

822

613.81

+819

3.3%

760

614.35

+760

3.1%

760

608.30

+760

3.1%

747

611.36

+657

3.0%

702

610.60

+119

2.8%

636

614.62

+636

2.6%

620

610.27

+620

2.5%

Sell Side

Total: 19,213

Broker

QTY

AVG

NET

3,747

612.34

-2,848

15.1%

3,360

610.72

-3,360

13.5%

3,120

609.93

-3,050

12.6%

2,053

610.30

-255

8.3%

1,550

614.14

-1,325

6.3%

1,019

613.64

-206

4.1%

952

613.46

-717

3.8%

879

611.57

-395

3.5%

627

614.91

-583

2.5%

545

610.95

-285

2.2%

339

615.03

-339

1.4%

300

616.00

-300

1.2%

256

613.07

-221

1.0%

238

615.42

-63

1.0%

228

611.50

-1

0.9%

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	528	-1.7	-0.32%	-	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	420.5	-4.51	-1.06%	-	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	485.2	-7.29	-1.48%	-	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	611	+0.98	+0.16%	-	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	568	-7.02	-1.22%	-	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	998	-17.98	-1.77%	-	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	645	-8.83	-1.35%	-	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	15,031	-469.67	-3.03%	0.04	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	581.1	-7.89	-1.34%	-	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	454.8	-7.21	-1.56%	-	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	709	-5	-0.7%	-	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	438.5	-2.51	-0.57%	-	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	1,789.18	-44.88	-1.19%	0.04	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	574.55	-7.11	-1.28%	0.04	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	15,031	0.98	0.16%	0.04	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	420.5	-469.67	-3.03%	0.04	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%