Shikhar Insurance Co. Ltd.

Non Life InsuranceHigh Cap

NPR 609.10

NPR -7.8-1.26%

09:14 AM NPT · Aug 7, 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

610.10

High

614.00

Low

609.00

Prev Close

616.90

Volume

10,149

Turnover

Rs 6,192,593.7

Txns

Valuation · Q3 FY25/26

EPS Ann.

3.03

EPS TTM

5.36

BVPS

189.60

P/E Ann.

201.02

P/E TTM

113.64

Graham #

113.69

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

Sell

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Weak

Momentum

RSI (14)

28.35

ADX

15.1

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

619.3

SMA 50

624.37

Bands & Channels

BB Width %

6.69%

Volume & Flow

OBV

708,235

Flow Analysis

[ Live 2026-08-07 ]

Total Buy

30,501

Shares Bought

Total Sell

30,501

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 51%

Distribution 49%

Accumulators

Quantity

14,771

Amount

9,104,542

Avg Rate

616.38

Rank

Brokers

#85#100#45

Distributors

Quantity

14,409

Amount

8,826,782

Avg Rate

612.59

Rank

Brokers

#96#8#58

Net Flow Impact:

+362units

(Rs. 277,760)

Net Flow by Timeframe

SICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 48,452 ]

Buy Side

Total: 24,445

Broker

QTY

AVG

NET

6,792

616.96

+6,792

22.3%

100

5,082

616.11

+5,082

16.7%

2,897

615.50

+2,231

9.5%

2,500

610.00

+2,123

8.2%

1,615

619.98

+1,265

5.3%

946

611.47

+226

3.1%

838

612.98

+579

2.8%

822

612.15

+532

2.7%

700

609.87

+585

2.3%

600

610.30

+589

2.0%

412

613.97

+400

1.4%

338

610.77

+128

1.1%

313

610.16

+163

1.0%

300

610.17

+300

1.0%

290

609.48

+290

0.9%

Sell Side

Total: 24,007

Broker

QTY

AVG

NET

8,119

610.10

-8,119

26.6%

3,311

616.52

-1,999

10.9%

2,979

615.00

-2,979

9.8%

2,135

619.08

-1,872

7.0%

1,000

618.00

-935

3.3%

985

618.00

-985

3.2%

931

620.03

-418

3.0%

802

617.20

-548

2.6%

705

618.54

-606

2.3%

685

618.77

-685

2.3%

657

617.96

-587

2.1%

512

617.86

-512

1.7%

410

613.34

-105

1.3%

390

617.51

-209

1.3%

386

607.28

-386

1.3%

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	534	-3.01	-0.56%	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	430	+0.99	+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	499	-1	-0.2%	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	615.9	+0.8	+0.13%	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	570	+3.01	+0.53%	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	910	-3.01	-0.33%	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	666	-4.49	-0.67%	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	14,210	-90.09	-0.63%	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	589	+2.99	+0.51%	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	452	-4.29	-0.94%	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	690	+3.02	+0.44%	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	440.7	-0.71	-0.16%	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	1,717.22	-7.98	-0.14%	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	579.5	-0.85	-0.18%	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	14,210	3.02	0.53%	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	430	-90.09	-0.94%	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%