Shikhar Insurance Co. Ltd.

Non Life InsuranceHigh Cap

NPR 552.00

NPR -6-1.08%

09:14 AM NPT · Sep 24, 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

564.90

High

564.90

Low

545.00

Prev Close

558.00

Volume

12,307

Turnover

Rs 6,763,987.8

Txns

Valuation · Q4 FY25/26

EPS Ann.

4.19

EPS TTM

4.19

BVPS

191.95

P/E Ann.

131.74

P/E TTM

131.74

Graham #

134.52

Capital

Mkt Cap

16.14 Arab

Total

2.92 Crore

Public

1.43 Crore

Promoter

1.49 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Very Strong

Momentum

RSI (14)

59.88

ADX

44.2

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

558.86

SMA 50

593.35

Bands & Channels

BB Width %

17.07%

Volume & Flow

OBV

665,710

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

28,235

Shares Bought

Total Sell

28,235

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 55%

Distribution 45%

Accumulators

Quantity

14,806

Amount

8,208,038

Avg Rate

554.37

Rank

Brokers

#17#58#42#14

Distributors

Quantity

12,125

Amount

6,687,327

Avg Rate

551.53

Rank

Brokers

#59#57

Net Flow Impact:

+2,681units

(Rs. 1,520,711)

Net Flow by Timeframe

SICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 48,129 ]

Buy Side

Total: 22,905

Broker

QTY

AVG

NET

5,625

553.59

+5,098

19.9%

4,360

551.47

+3,428

15.4%

2,905

554.82

+2,872

10.3%

1,916

562.60

+1,721

6.8%

1,500

555.73

+1,500

5.3%

1,224

561.71

+1,094

4.3%

1,010

550.00

+944

3.6%

870

559.00

+690

3.1%

679

571.70

+679

2.4%

600

555.79

+600

2.1%

600

559.87

+600

2.1%

500

552.30

+179

1.8%

500

565.00

+500

1.8%

320

558.03

+320

1.1%

296

571.84

+296

1.1%

Sell Side

Total: 25,224

Broker

QTY

AVG

NET

9,483

550.68

-9,127

33.6%

3,208

562.56

-2,048

11.4%

2,642

554.59

-2,198

9.4%

2,112

558.61

-2,012

7.5%

1,383

561.29

-1,294

4.9%

1,220

564.45

-1,197

4.3%

1,150

564.61

-1,125

4.1%

839

560.62

-816

3.0%

640

550.12

-630

2.3%

579

562.82

-232

2.0%

484

557.66

-450

1.7%

452

572.46

-442

1.6%

418

551.28

-287

1.5%

364

567.74

-87

1.3%

250

558.15

-24

0.9%

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	473	-1.71	-0.36%	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	393	+0.71	+0.18%	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	456	-2.98	-0.65%	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	529.8	-3.2	-0.6%	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	512	-6.01	-1.16%	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	821.8	-8.22	-0.99%	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	592	-9.87	-1.64%	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	14,000	+198.74	+1.44%	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	533	-7.02	-1.3%	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	385.1	-1.9	-0.49%	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	623	-6.99	-1.11%	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	371.9	+1.89	+0.51%	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	1,640.88	12.79	-0.51%	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	520.9	-3.09	-0.63%	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	14,000	198.74	1.44%	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	371.9	-9.87	-1.64%	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%