Shikhar Insurance Co. Ltd.

Non Life InsuranceHigh Cap

NPR 532.60

NPR -1.4-0.26%

09:14 AM NPT · Nov 6, 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

532.10

High

545.00

Low

531.20

Prev Close

534.00

Volume

2,805

Turnover

Rs 1,506,251.3

Txns

Valuation · Q4 FY25/26

EPS Ann.

4.19

EPS TTM

4.19

BVPS

191.95

P/E Ann.

127.11

P/E TTM

127.11

Graham #

134.52

Capital

Mkt Cap

16.5 Arab

Total

3.1 Crore

Public

1.52 Crore

Promoter

1.58 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Weak

Momentum

RSI (14)

41.22

ADX

12.19

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

537.33

SMA 50

553.43

Bands & Channels

BB Width %

4.17%

Volume & Flow

OBV

615,277

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

23,404

Shares Bought

Total Sell

23,404

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 40%

Distribution 60%

Accumulators

Quantity

6,478

Amount

3,461,153

Avg Rate

534.29

Rank

#11

Brokers

#6#38#4#49

Distributors

Quantity

9,620

Amount

5,124,578

Avg Rate

532.70

Rank

#11

Brokers

#42#63#14

Net Flow Impact:

-3,142units

(Rs. -1,663,425)

Net Flow by Timeframe

SICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 33,807 ]

Buy Side

Total: 14,322

Broker

QTY

AVG

NET

1,972

533.76

+1,522

8.4%

1,760

534.34

+1,760

7.5%

1,500

535.60

+700

6.4%

1,437

533.48

+1,437

6.1%

1,309

535.92

+1,297

5.6%

1,174

531.19

+1,174

5.0%

1,000

535.00

+990

4.3%

837

533.02

+837

3.6%

580

530.31

+299

2.5%

512

533.10

+34

2.2%

504

532.40

+504

2.1%

500

532.00

+500

2.1%

500

544.17

+116

2.1%

390

533.86

+390

1.7%

347

537.24

+347

1.5%

Sell Side

Total: 19,485

Broker

QTY

AVG

NET

6,145

532.84

-4,608

26.3%

2,035

535.40

-135

8.7%

1,920

532.99

-1,920

8.2%

1,738

536.96

-1,342

7.4%

1,648

535.54

-927

7.0%

1,555

531.81

-1,445

6.6%

1,123

530.71

-903

4.8%

677

534.88

-392

2.9%

533

534.37

-533

2.3%

473

536.25

-173

2.0%

410

536.10

-315

1.8%

400

535.46

-50

1.7%

329

530.12

-243

1.4%

265

530.00

-265

1.1%

234

534.50

-234

1.0%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Assets
Goodwill & Intangible Assets	10,412	8,538	8,008	0	+21.95%
Property and Equipment	748,439	755,842	814,034	0	-0.98%
Investment Properties	74,840	76,378	0	0	-2.01%
Deferred Tax Assets	47,561	65,126	76,565	0	-26.97%
Investment in Subsidiaries	0.00	0.00	0.00	0	-
Investment in Associates	241,178	163,611	72,892	0	+47.41%
Investments	4,761,841	4,795,639	4,615,391	0	-0.70%
Loans	0.00	0.00	0.00	0	-
Reinsurance Assets	6,204,618	5,097,178	3,869,265	0	+21.73%
Current Tax Assets	109,684	159,306	156,579	0	-31.15%
Insurance Receivables	1,009,601	1,245,161	609,545	0	-18.92%
Other Financial Assets	878,420	863,231	701,380	0	+1.76%
Other Assets	1,097,999	503,889	491,343	0	+117.90%
Cash and Cash Equivalent	73,283	70,583	148,949	0	+3.82%
Total Assets	15,257,874	13,804,481	11,563,951	0	+10.53%
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	167,658	160,774	141,272	0	+4.28%
Retained Earnings	79,867	211,758	315,186	0	-62.28%
Other Equity	621,667	2,520,463	2,320,317	0	-75.34%
Total Equity	5,953,455	5,816,094	5,431,722	0	+2.36%
Liabilities
Insurance & Contract Liabilities
Provisions	101,061	228,768	200,573	0	-55.82%
Gross Insurance Contract Liabilities	7,947,300	6,511,336	5,155,305	0	+22.05%
Insurance Payable	313,833	195,536	225,024	0	+60.50%
Other Financial Liabilities	154,435	550,207	178,176	0	-71.93%
Other Liabilities	442,790	404,420	346,151	0	+9.49%
Taxes & Funding
Deferred Tax Liabilities	0.00	0.00	0.00	0	-
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	345,000	98,119	27,000	0	+251.61%
Total Liabilities	9,304,419	7,988,387	6,132,229	0	+16.47%
Total Equity and Liabilities	15,257,874	13,804,481	11,563,951	0	+10.53%

Sector Peers — Non Life Insurance (24)

Peer Comparison

Non Life Insurance SECTOR — NEPAL

2025/2026 Q4

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	444.3	+0.89	+0.2%	0.01	0.28	213.94	66.69	27.07	1.01	13.51	13.51	79.16	255.01	3.29	69.35	24.41	11.16	2.43	38.49	35.75	26.41	4.3	45.76	3.18	3.18%	6.37	6.37%
HGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	389.2	-4.29	-1.09%	0.01	0.18	179.53	91.69	40.8	1.65	0.13	0.13	72.18	22.92	4.14	100.81	31.68	0.17	2.5	3,453.85	3,138.46	29.76	6.04	33.11	0.03	0.03%	0.07	0.07%
IGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NICL	435.6	-3.38	-0.77%	0.01	0.22	176.85	84.49	19.84	0.7	5	5	78.8	141.05	3.77	76.74	27.59	8.19	2.9	102.58	93.38	21.95	8.39	51.86	1.79	1.79%	3.08	3.08%
NIL	517.1	-2.39	-0.46%	0.01	0.22	226.33	75.01	18.22	0.94	10.4	10.4	66.61	230.13	2.98	66.7	26.53	11.3	2.7	58.65	51.49	34.99	6.63	58.82	2.49	2.49%	4.63	4.63%
NLG	495	+2.02	+0.41%	0.01	0.21	166.36	86.02	36.64	1.04	2.17	2.17	68.57	90.13	5.27	91.42	31.24	3.14	3.35	257.14	244.24	35.35	8.11	28.8	0.64	0.64%	1.28	1.28%
NMIC	775	-4.99	-0.64%	0.01	0.23	106.36	73.15	30.81	0.49	5.68	5.68	98.27	116.59	4.97	45.97	57.99	16.53	8.37	156.67	148.77	2,035.6	25.91	41.8	3.87	3.87%	5.51	5.51%
PIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PRIN	585.9	+0.88	+0.15%	0.01	0.14	193	41.17	29.73	1.08	13.33	13.33	59.09	240.59	6.45	34.87	36.03	24.37	3.46	50.12	45.23	37.84	12.22	39.73	3.41	3.41%	7.08	7.08%
RBCL	14,200	+469.58	+3.42%	0.04	0.04	6,407.05	70.88	96.13	0.45	129.18	129.18	52.63	4,315.37	2.52	76.41	90.6	37.76	2.32	115.18	105.86	9.59	43.5	15.63	1.4	1.4%	2	2%
SALICO	523	+3.48	+0.67%	0.01	0.23	232.72	81.06	23.27	1.06	11.94	11.94	53.84	250.04	3.98	79.83	24.5	9.62	2.6	50.67	45.64	81.07	4.88	49.14	2.25	2.25%	5.06	5.06%
SGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SGIC	387.4	+0.31	+0.08%	0.01	0.17	147.33	64.76	54.71	1.65	5.76	5.76	57.52	138.18	3.01	78.87	40.6	9.09	3.18	81.42	69.24	41.03	7.4	30.52	1.52	1.52%	3.94	3.94%
SIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SPIL	607	+3.08	+0.51%	0.02	0.17	260.26	84.04	24.47	1.78	11.65	11.65	60.08	261.19	3.98	76.37	32.14	10.54	2.85	63.61	54.51	36.13	6.71	49.06	1.82	1.82%	4.35	4.35%
UAIL	361.5	+0.51	+0.14%	0.01	0.22	188.01	79.81	24.68	1.08	2.73	2.73	88.01	107.46	2.63	72.74	31.75	3.49	2.3	158.61	139.93	16.79	5.54	44.37	0.76	0.76%	1.49	1.49%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,643.42	38.81	0.22%	0.01	0.193	708.15	74.9	35.53	1.08	17.62	17.62	69.56	514.06	3.92	72.51	37.92	12.11	3.247	382.25	347.708	200.54	11.636	40.72	1.93	1.93%	3.74	3.74%
MED	506.05	0.69	0.15%	0.01	0.215	190.51	77.41	28.4	1.05	8.08	8.08	67.59	185.59	3.88	76.39	31.72	10.08	2.775	92	81.31	35.17	7.055	43.08	1.81	1.81%	4.15	4.15%
MAX	14,200	469.58	3.42%	0.04	0.28	6,407.05	91.69	96.13	1.78	129.18	129.18	98.27	4,315.37	6.45	100.81	90.6	37.76	8.37	3,453.85	3,138.46	2,035.6	43.5	58.82	3.87	3.87%	7.08	7.08%
MIN	361.5	-4.99	-1.09%	0.01	0.04	106.36	41.17	18.22	0.45	0.13	0.13	52.63	22.92	2.52	34.87	24.41	0.17	2.3	38.49	35.75	9.59	4.3	15.63	0.03	0.03%	0.07	0.07%