Himalayan Reinsurance Limited (HRL) Share Price & Fundamentals

Himalayan Reinsurance (HRL) share price is Rs. 517.20, down 0.54% on 2026-09-22. Open Rs. 520.00. High Rs. 531.00. Low Rs. 515.10. Volume 57,192.

Himalayan Reinsurance Limited is a NEPSE-listed company (HRL), Others sector. Revenue: Rs. 636.94 Crore. Net loss: Rs. 234.6 Crore. Net worth: Rs. 1,538.53 Crore.

About Himalayan Reinsurance Limited

Himalayan Reinsurance Limited is Nepal's private-sector reinsurer, licensed and regulated by the Nepal Insurance Authority and headquartered at Lalita Bhawan, Maharajgunj, Kathmandu. It began underwriting in 2078 and writes treaty and facultative reinsurance across life and non-life lines, accepting business from 52 countries. The company is backed by two of Nepal's largest government banks alongside major Nepalese business groups, with roughly 30% in public hands following its IPO, and carries an AM Best B+ and ICRA-A rating.

Himalayan Reinsurance Limited (HRL) has 10,86,80,000 shares outstanding.

Company website: himalayanre.com.

HRL key metrics

Market Cap	Rs. 5,620.93 Crore
P/E Ratio	43.00
EPS	Rs. 12.03
Loss Per Share (TTM)	Rs. 21.59
Book Value	Rs. 141.57
Dividend Yield	0.00%
Face Value	Rs. 100.00
52 Week High	Rs. 950.00
52 Week Low	Rs. 485.00

HRL strengths

What Himalayan Reinsurance Limited's own accounts show in its favour, graded against the rest of its sector.

Can settle its short term bills 6.88x over, so it is unlikely to run short of cash. (Liquidity)
Keeps 94.4% of every sale after paying to make the product, leaving room for running costs and profit. (Margins)
Shareholders' stake in the company grew 93.6% over the year, so value is building up. (Shareholder Returns)
71.9% of everything it owns was paid for by shareholders rather than borrowed. (Leverage & Solvency)
What the company owns grew 65.7%, which usually means it is investing to get bigger. (Growth)
Buildings and machinery are a modest 0.5% of assets, so it is not tied to heavy fixed costs. (Efficiency)

HRL weaknesses

What the same accounts show against it. Both lists are computed from the filed figures, not opinion, and are not advice.

Operating margin is -60.4%, so running costs take too much of what the core business earns. (Margins)
Net profit margin is -31.8%, less than most of its peers keep once every cost is paid. (Margins)
EBIT margin is -46.8%, below what most of its peers earn before interest and tax. (Profitability)
Interest cover is -1902.63x, so a bad year could make loans hard to service. (Leverage & Solvency)
Profit moved -268.4% on last year, so earnings are not building up. (Growth)
Sales moved -7.2% on last year, so the business is not winning new custom. (Growth)
Every rupee of assets brings in only 0.25x of sales, so its assets generate little trade. (Efficiency)
Past profits are 3.3% of shareholder funds, so little has been kept in the business. (Shareholder Returns)
Return on shareholders' money is 8.5%, less than most savers would expect. (Profitability)
Return on the money tied up in the business is 8.4%, so capital is not working hard. (Profitability)
Cash is only 2.9% of what it owns, so there is little spare for a surprise. (Liquidity)
Return on everything it owns is 6.1%, so its assets are sitting relatively idle. (Profitability)

HRL Q4 2082/83 results

In Q4 2082/83 Himalayan Reinsurance Limited reported a loss of Rs. 230.12 crore and revenue from operations of Rs. 205.55 crore. Profit in Q3 2082/83 was a loss of Rs. 69.47 crore. The loss widened 231.26% on the previous quarter. Revenue from operations grew 101.03% on the previous quarter. Profit in Q4 2081/82, the same quarter a year earlier, was Rs. 41.62 crore. Profit turned from a profit to a loss on the same quarter last year. Revenue from operations fell 14.24% on the same quarter last year.

HRL annual results 2082/83

For the financial year 2082/83 Himalayan Reinsurance Limited reported a net loss of Rs. 234.6 crore, revenue from operations of Rs. 636.94 crore and net worth of Rs. 1,538.53 crore. Net profit in 2081/82 was Rs. 139.35 crore. Net profit turned from a profit to a loss on the year. Revenue from operations fell 7.18% on the year.

HRL profit and loss for 2082/83

In the financial year 2082/83, Himalayan Reinsurance Limited reported revenue from operations of Rs. 636.94 crore, gross profit of Rs. 601.56 crore, operating profit of Rs. 345.08 crore, profit before tax of Rs. 345.26 crore and net profit for the year of Rs. 234.6 crore.

Reported under gross profit: cost of sales of Rs. 35.38 crore. Reported under operating profit: other income of Rs. 100.88 crore, selling and distribution expenses of Rs. 145.76 crore, administrative expenses of Rs. 419.7 crore, employee benefit expenses of Rs. 18.47 crore, depreciation and amortisation of Rs. 4.74 crore and other operating expenses of Rs. 458.86 crore. Reported under profit before tax: finance costs of Rs. 0.18 crore. Reported under net profit for the year: current tax of Rs. 110.66 crore.

HRL profit and loss for 2081/82

In the financial year 2081/82, Himalayan Reinsurance Limited reported revenue from operations of Rs. 686.24 crore, gross profit of Rs. 637.87 crore, operating profit of Rs. 196.24 crore, profit before tax of Rs. 196.1 crore and net profit for the year of Rs. 139.35 crore.

Reported under gross profit: cost of sales of Rs. 48.36 crore. Reported under operating profit: other income of Rs. 138.38 crore, selling and distribution expenses of Rs. 147.09 crore, administrative expenses of Rs. 22.91 crore, employee benefit expenses of Rs. 38.98 crore, depreciation and amortisation of Rs. 3.75 crore and other operating expenses of Rs. 367.28 crore. Reported under profit before tax: finance costs of Rs. 0.14 crore. Reported under net profit for the year: current tax of Rs. 56.75 crore.

HRL profit and loss for 2080/81

In the financial year 2080/81, Himalayan Reinsurance Limited reported revenue from operations of Rs. 543.12 crore, gross profit of Rs. 262.24 crore, operating profit of Rs. 175.13 crore, profit before tax of Rs. 175.08 crore and net profit for the year of Rs. 130.73 crore.

Reported under gross profit: cost of sales of Rs. 280.88 crore. Reported under operating profit: other income of Rs. 117.4 crore, selling and distribution expenses of Rs. 141.99 crore, administrative expenses of Rs. 10.08 crore, employee benefit expenses of Rs. 33.09 crore, depreciation and amortisation of Rs. 3.53 crore and other operating expenses of Rs. 15.81 crore. Reported under profit before tax: finance costs of Rs. 0.34 crore and other items of Rs. 0.29 crore. Reported under net profit for the year: current tax of Rs. 44.36 crore.

HRL balance sheet for 2080/81

In the financial year 2080/81, Himalayan Reinsurance Limited reported total non-current assets of Rs. 1,716.8 crore, total current assets of Rs. 423.62 crore, total equity of Rs. 1,538.53 crore, total non-current liabilities of Rs. 540.34 crore and total current liabilities of Rs. 61.55 crore.

Reported under total non-current assets: property, plant and equipment of Rs. 10.14 crore, intangible assets of Rs. 4 crore, deferred tax assets of Rs. 13.08 crore, investment in quoted shares of Rs. 22.98 crore, investment in subsidiaries of Rs. 0 crore and other financial assets of Rs. 1,666.6 crore. Reported under total current assets: trade receivables of Rs. 172.78 crore, cash and cash equivalents of Rs. 62.17 crore, advances of Rs. 29.8 crore and other current assets of Rs. 158.86 crore. Reported under total equity: share capital of Rs. 1,040 crore, share premium reserve of Rs. 312.27 crore, reserve and surplus of Rs. 116.41 crore, retained earnings of Rs. 51.43 crore, other equity of Rs. 13.52 crore and non-controlling interest of Rs. 4.9 crore. Reported under total non-current liabilities: provisions of Rs. 1.64 crore and other non-current liabilities of Rs. 538.7 crore. Reported under total current liabilities: trade payables of Rs. 11.1 crore, other current liabilities of Rs. 40.69 crore and income tax liabilities (net) of Rs. 9.77 crore.

HRL balance sheet for 2079/80

In the financial year 2079/80, Himalayan Reinsurance Limited reported total non-current assets of Rs. 986.85 crore, total current assets of Rs. 304.8 crore, total equity of Rs. 794.83 crore, total non-current liabilities of Rs. 451.83 crore and total current liabilities of Rs. 45 crore.

Reported under total non-current assets: property, plant and equipment of Rs. 6.49 crore, intangible assets of Rs. 1.3 crore, deferred tax assets of Rs. 0.98 crore, investment in quoted shares of Rs. 22.69 crore, investment in subsidiaries of Rs. 0 crore and other financial assets of Rs. 955.39 crore. Reported under total current assets: trade receivables of Rs. 154.57 crore, cash and cash equivalents of Rs. 9.5 crore, advances of Rs. 57.49 crore and other current assets of Rs. 83.24 crore. Reported under total equity: share capital of Rs. 700 crore, share premium reserve of Rs. 0 crore, reserve and surplus of Rs. 50.25 crore, retained earnings of Rs. 42.76 crore, other equity of Rs. 1.82 crore and non-controlling interest of Rs. 0 crore. Reported under total non-current liabilities: provisions of Rs. 1.64 crore and other non-current liabilities of Rs. 450.19 crore. Reported under total current liabilities: trade payables of Rs. 2 crore, other current liabilities of Rs. 29.52 crore and income tax liabilities (net) of Rs. 13.47 crore.

HRL cash flow for 2080/81

In the financial year 2080/81, Himalayan Reinsurance Limited reported opening cash & cash equivalents of Rs. 9.5 crore, net cash from operating activities of Rs. 108.4 crore, net cash from investing activities of Rs. 823.84 crore, net cash from financing activities of Rs. 768.11 crore, net change in cash of Rs. 52.67 crore and closing cash & cash equivalents of Rs. 62.17 crore.

Reported under net cash from operating activities: income tax paid of Rs. 15.53 crore and other operating adjustments of Rs. 123.93 crore. Reported under net cash from investing activities: purchase of property, plant and equipment of Rs. 6.2 crore, purchase of investments of Rs. 1,089.81 crore, interest received of Rs. 115.01 crore and other investing activities of Rs. 157.16 crore. Reported under net cash from financing activities: interest paid of Rs. 0.11 crore and other financing activities of Rs. 768.23 crore.

HRL cash flow for 2079/80

In the financial year 2079/80, Himalayan Reinsurance Limited reported opening cash & cash equivalents of Rs. 9.4 crore, net cash from operating activities of Rs. 231.61 crore, net cash from investing activities of Rs. 231.5 crore, net change in cash of Rs. 0.11 crore and closing cash & cash equivalents of Rs. 9.5 crore.

Reported under net cash from operating activities: income tax paid of Rs. 0.98 crore and other operating adjustments of Rs. 232.59 crore. Reported under net cash from investing activities: purchase of property, plant and equipment of Rs. 2 crore, purchase of investments of Rs. 631.7 crore, interest received of Rs. 80.71 crore and other investing activities of Rs. 941.91 crore.

HRL quarterly for Q4 2082/83

In the quarter Q4 2082/83, Himalayan Reinsurance Limited reported revenue from operations of Rs. 205.55 crore, gross profit of Rs. 197.6 crore, operating profit of Rs. 327.26 crore, profit before tax of Rs. 327.28 crore and net profit for the year of Rs. 230.12 crore.

Reported under gross profit: cost of sales of Rs. 7.95 crore. Reported under operating profit: other income of Rs. 29.97 crore, selling and distribution expenses of Rs. 40.68 crore, administrative expenses of Rs. 402.22 crore, employee benefit expenses of Rs. 3.58 crore, depreciation and amortisation of Rs. 1.17 crore and other operating expenses of Rs. 107.19 crore. Reported under profit before tax: finance costs of Rs. 0.02 crore. Reported under net profit for the year: current tax of Rs. 97.17 crore.

HRL quarterly for Q3 2082/83

In the quarter Q3 2082/83, Himalayan Reinsurance Limited reported revenue from operations of Rs. 102.25 crore, gross profit of Rs. 79.87 crore, operating profit of Rs. 124.53 crore, profit before tax of Rs. 124.58 crore and net profit for the year of Rs. 69.47 crore.

Reported under gross profit: cost of sales of Rs. 22.38 crore. Reported under operating profit: other income of Rs. 21.13 crore, selling and distribution expenses of Rs. 26.9 crore, administrative expenses of Rs. 5.77 crore, employee benefit expenses of Rs. 7.06 crore, depreciation and amortisation of Rs. 1.17 crore and other operating expenses of Rs. 198.76 crore. Reported under profit before tax: finance costs of Rs. 0.05 crore. Reported under net profit for the year: current tax of Rs. 55.11 crore.

HRL quarterly for Q2 2082/83

In the quarter Q2 2082/83, Himalayan Reinsurance Limited reported revenue from operations of Rs. 217.3 crore, gross profit of Rs. 222.99 crore, operating profit of Rs. 72.67 crore, profit before tax of Rs. 72.61 crore and net profit for the year of Rs. 40.19 crore.

Reported under gross profit: cost of sales of Rs. 5.68 crore. Reported under operating profit: other income of Rs. 24.94 crore, selling and distribution expenses of Rs. 52.69 crore, administrative expenses of Rs. 6.01 crore, employee benefit expenses of Rs. 13.26 crore, depreciation and amortisation of Rs. 1.36 crore and other operating expenses of Rs. 101.95 crore. Reported under profit before tax: finance costs of Rs. 0.06 crore. Reported under net profit for the year: current tax of Rs. 32.42 crore.

HRL quarterly for Q1 2082/83

In the quarter Q1 2082/83, Himalayan Reinsurance Limited reported revenue from operations of Rs. 111.83 crore, gross profit of Rs. 101.1 crore, operating profit of Rs. 34.04 crore, profit before tax of Rs. 33.99 crore and net profit for the year of Rs. 24.79 crore.

Reported under gross profit: cost of sales of Rs. 10.73 crore. Reported under operating profit: other income of Rs. 24.83 crore, selling and distribution expenses of Rs. 25.5 crore, administrative expenses of Rs. 5.7 crore, employee benefit expenses of Rs. 8.69 crore, depreciation and amortisation of Rs. 1.05 crore and other operating expenses of Rs. 50.96 crore. Reported under profit before tax: finance costs of Rs. 0.04 crore. Reported under net profit for the year: current tax of Rs. 9.2 crore.

HRL Profit & Loss

Values in Rs. Crore unless stated otherwise.

Particulars	2082/83	2081/82	2080/81	2079/80
Revenue from Operations	637	686	543	299
Gross Profit	602	638	262	112
Cost of Sales	-35.4	-48.4	-281	-187
Operating Profit	-345	196	175	87.6
Other Income	101	138	117	97.9
Selling and Distribution Expenses	-146	-147	-142	-83.6
Administrative Expenses	-420	-22.9	-10.1	-6.8
Employee Benefit Expenses	-18.5	-39.0	-33.1	-20.6
Depreciation and Amortisation	-4.7	-3.7	-3.5	-2.2
Other Operating Expenses	-459	-367	-15.8	-8.8
Profit Before Tax	-345	196	175	87.5
Finance Costs	-0.18	-0.14	-0.34	-0.31
Other Items	Not reported	Not reported	0.29	0.19
Net Profit for the Year	-235	139	131	64.9
Current Tax	111	-56.8	-44.4	-22.6

HRL Balance Sheet

Values in Rs. Crore unless stated otherwise.

Particulars	2080/81	2079/80
Total Non-Current Assets	1,717	987
Property, Plant and Equipment	10.1	6.5
Intangible Assets	4.0	1.3
Deferred Tax Assets	13.1	0.98
Investment in Quoted Shares	23.0	22.7
Investment in Subsidiaries	0.00	0.00
Other Financial Assets	1,667	955
Total Current Assets	424	305
Trade Receivables	173	155
Cash and Cash Equivalents	62.2	9.5
Advances	29.8	57.5
Other Current Assets	159	83.2
Total Equity	1,539	795
Share Capital	1,040	700
Share Premium Reserve	312	0.00
Reserve and Surplus	116	50.2
Retained Earnings	51.4	42.8
Other Equity	13.5	1.8
Non-Controlling Interest	4.9	0.00
Total Non-Current Liabilities	540	452
Provisions	1.6	1.6
Other Non-Current Liabilities	539	450
Total Current Liabilities	61.6	45.0
Trade Payables	11.1	2.0
Other Current Liabilities	40.7	29.5
Income Tax Liabilities (Net)	9.8	13.5

HRL Cash Flow

Values in Rs. Crore unless stated otherwise.

Particulars	2080/81	2079/80
Opening Cash & Cash Equivalents	9.5	9.4
Net Cash from Operating Activities	108	232
Income Tax Paid	-15.5	-0.98
Other Operating Adjustments	124	233
Net Cash from Investing Activities	-824	-232
Purchase of Property, Plant and Equipment	-6.2	-2.0
Purchase of Investments	-1,090	632
Interest Received	115	80.7
Other Investing Activities	157	-942
Net Cash from Financing Activities	768	Not reported
Interest Paid	-0.11	Not reported
Other Financing Activities	768	Not reported
Net Change in Cash	52.7	0.11
Closing Cash & Cash Equivalents	62.2	9.5

HRL Quarterly Results

Values in Rs. Crore unless stated otherwise.

Particulars	Q4 2082/83	Q3 2082/83	Q2 2082/83	Q1 2082/83	Q4 2081/82	Q3 2081/82	Q2 2081/82	Q1 2081/82
Revenue from Operations	206	102	217	112	240	196	144	107
Gross Profit	198	79.9	223	101	220	189	137	92.4
Cost of Sales	-7.9	-22.4	5.7	-10.7	-19.9	-7.2	-7.2	-14.2
Operating Profit	-327	-125	72.7	34.0	48.7	46.4	64.9	36.2
Other Income	30.0	21.1	24.9	24.8	35.6	27.4	42.4	33.0
Selling and Distribution Expenses	-40.7	-26.9	-52.7	-25.5	-48.8	-44.2	-29.5	-24.7
Administrative Expenses	-402	-5.8	-6.0	-5.7	-7.1	-5.7	-4.6	-5.4
Employee Benefit Expenses	-3.6	7.1	-13.3	-8.7	-10.7	-8.9	-11.0	-8.5
Depreciation and Amortisation	-1.2	-1.2	-1.4	-1.0	-0.96	-0.95	-0.88	-0.96
Other Operating Expenses	-107	-199	-102	-51.0	-139	-110	-68.4	-49.7
Profit Before Tax	-327	-125	72.6	34.0	48.8	46.3	64.9	36.1
Finance Costs	-0.02	-0.05	-0.06	-0.04	0.04	-0.06	-0.04	-0.09
Net Profit for the Year	-230	-69.5	40.2	24.8	41.6	36.7	38.6	22.5
Current Tax	97.2	55.1	-32.4	-9.2	-7.1	-9.6	-26.3	-13.6

Himalayan Reinsurance share price history

Over the last 15 trading sessions HRL closed between Rs. 499.90 and Rs. 549.00, finishing at Rs. 517.20 on 2026-09-22 against Rs. 549.00 on 2026-08-26.

Date	Open	High	Low	Close	Volume
2026-09-22	520.00	531.00	515.10	517.20	57,192
2026-09-18	519.00	522.00	516.00	520.00	45,942
2026-09-17	520.00	536.00	516.70	519.00	49,239
2026-09-16	525.00	537.00	513.00	520.10	59,164
2026-09-15	542.00	542.00	525.00	530.00	1,14,291
2026-09-14	505.00	521.00	500.00	516.90	47,769
2026-09-11	485.00	507.00	485.00	503.90	52,280
2026-09-10	487.10	503.00	487.10	499.90	62,893
2026-09-09	516.00	517.00	502.10	502.10	49,983
2026-09-07	520.00	521.90	514.00	516.00	50,365
2026-09-03	515.00	524.00	515.00	519.90	41,825
2026-09-02	490.20	519.40	490.20	519.00	38,965
2026-09-01	520.00	525.00	504.00	516.00	55,431
2026-08-31	537.40	537.40	506.00	515.00	95,707
2026-08-26	556.09	559.00	545.10	549.00	82,424

HRL share price by year

2026, between Rs. 485.00 and Rs. 950.00, 2025, between Rs. 747.46 and Rs. 1,139.90 and 2024, between Rs. 284.50 and Rs. 1,014.35.

Year	Low (Rs.)	High (Rs.)	Sessions
2026	485.00	950.00	168
2025	747.46	1,139.90	225
2024	284.50	1,014.35	227

Himalayan Reinsurance share price returns

At Rs. 517.20 on 2026-09-22, HRL is down 2.42% over 1 week, down 8.46% over 1 month, down 12.93% over 3 months, down 41.36% over 6 months and down 40.86% over 1 year. Each return compares that close with the last close on or before the same date in the earlier period.

Period	Return	From price (Rs.)	From date
1 week	-2.42%	530.00	2026-09-15
1 month	-8.46%	565.00	2026-08-21
3 months	-12.93%	594.00	2026-06-24
6 months	-41.36%	882.00	2026-03-26
1 year	-40.86%	874.55	2025-09-21

HRL floorsheet for 2026-09-22

HRL traded 488 times on 2026-09-22, moving 53,946 shares for Rs. 2.8 crore of turnover. Trades went through between Rs. 500.60 and Rs. 531.00.

Largest buyers by volume: broker 34, Vision Securities Pvt.Limited on 6,024 shares across 18 trades, broker 45, Imperial Securities Co. Limited on 5,425 shares across 32 trades, broker 90, Sajilo Broker Limited on 4,257 shares across 18 trades, broker 60, Nagarik Stock Dealer Company Ltd. on 4,000 shares across 2 trades, broker 6, Agrawal Securities Pvt. Limited on 2,740 shares across 28 trades, broker 58, Naasa Securities Co. Ltd. on 2,187 shares across 38 trades, broker 57, Arya Tara Investment And Securities Pvt. Ltd. on 2,137 shares across 14 trades, broker 44, Dynamic Money Managers Securities Pvt.Ltd on 1,998 shares across 36 trades, broker 42, Sani Securities Company Limited on 1,961 shares across 25 trades and broker 26, Asian Securities Pvt. Limited on 1,820 shares across 22 trades.

Largest sellers by volume: broker 19, Nepal Investment & Securities Trading Pvt. Limited on 6,215 shares across 13 trades, broker 58, Naasa Securities Co. Ltd. on 5,307 shares across 64 trades, broker 84, Milky Way Share Broker Company Ltd on 5,000 shares across 13 trades, broker 60, Nagarik Stock Dealer Company Ltd. on 3,689 shares across 3 trades, broker 35, Kohinoor Investment and Securities Pvt.Ltd on 3,596 shares across 30 trades, broker 45, Imperial Securities Co. Limited on 3,533 shares across 29 trades, broker 90, Sajilo Broker Limited on 3,203 shares across 15 trades, broker 42, Sani Securities Company Limited on 3,161 shares across 35 trades, broker 50, Crystal Kanchenjunga Securities Pvt.Ltd on 2,370 shares across 15 trades and broker 34, Vision Securities Pvt.Limited on 2,203 shares across 34 trades.

HRL dividend history: bonus shares and cash dividend

Himalayan Reinsurance Limited most recently declared a 4.5% bonus share issue for 2080/2081, announced on 2025-05-18. Percentages are of paid up value. Declared, not necessarily paid: a dividend is subject to the annual general meeting approving it.

Financial year	Bonus share	Cash dividend	Announced
2080/2081	4.5%		2025-05-18
2079/2080	4%		2024-02-08

For 2080/2081 Himalayan Reinsurance Limited declared a 4.5% bonus share issue, announced on 2025-05-18.

For 2079/2080 Himalayan Reinsurance Limited declared a 4% bonus share issue, announced on 2024-02-08.

HRL general meetings

Annual and special general meetings Himalayan Reinsurance Limited has called. A dividend is declared by the board and approved at the AGM.

4th AGM for 2080/2081: on 2025-06-08, at Nepal Pragya Pratisthan, Kamaladi, Kathmandu (11:00 AM)
3rd AGM for 2079/2080: on 2024-03-03, at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu (11:00 AM)
SGM for 2078/2079: on 2022-06-10, at Aloft Hotel, Thamel, Kathmandu (2:00 PM)

4 years of annual statements and 8 quarters of results for HRL, with charts and peer comparison, are free on NepView.

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