# HEI vs NICL

[HEI](https://nepse.link/stocks/HEI) (Himalayan Everest Insurance Limited) and [NICL](https://nepse.link/stocks/NICL) (Nepal Insurance Co. Ltd.) are two of the most traded Non Life Insurance stocks on NEPSE. Their numbers side by side, as of 2026-11-06, with results from q4 FY 082/083.

HEI is ahead of NICL on all 6 measures below. None of this is a recommendation; it is what the latest numbers say. HEI is the bigger company by market value (Rs 1,110.82 crore), 1.0 times NICL (Rs 1,110.16 crore).

## Which is ahead on each measure

- HEI is cheaper on P/E (32.9 against 87.1 for NICL).
- HEI is cheaper on price to book (2.1 against 2.5 for NICL).
- HEI has done better over a year (-7.9% against -16.0% for NICL).
- HEI declared the bigger latest dividend (8.00% for 081/082).
- HEI earns more on its equity (ROE 6.32% against 0.03%).
- HEI grew its net profit faster against the same quarter last year (-36.5% against -59.7% for NICL).

## HEI and NICL side by side

| Measure | HEI | NICL |
| --- | --- | --- |
| Last close | Rs 444.30 | Rs 435.60 |
| Change, 1 month | -0.13% | -2.77% |
| Change, 1 year | -7.86% | -16.00% |
| EPS | Rs 13.51 | Rs 5.00 |
| P/E | 32.9 | 87.1 |
| Book value per share | Rs 213.94 | Rs 176.85 |
| Price to book | 2.08 | 2.46 |
| ROE | 6.32% | 0.03% |
| Net profit growth, same quarter last year | -36.5% | -59.7% |
| Latest dividend | 8.00% (081/082) | 6.32% (081/082) |
| Market value | Rs 1,110.82 crore | Rs 1,110.16 crore |
| Average daily turnover, 30 days | Rs 1.23 crore | Rs 0.39 crore |

## Do they move together?

Over the last year their daily returns had a correlation of 0.59 (1 means they move in step, 0 means unrelated). That is moderate: they often move the same way, but not always.

## More Non Life Insurance comparisons

- [HEI vs NLG](https://nepse.link/stocks/compare/HEI-vs-NLG)
- [HEI vs PRIN](https://nepse.link/stocks/compare/HEI-vs-PRIN)
- [HEI vs UAIL](https://nepse.link/stocks/compare/HEI-vs-UAIL)
- [NICL vs NLG](https://nepse.link/stocks/compare/NICL-vs-NLG)
- [NICL vs PRIN](https://nepse.link/stocks/compare/NICL-vs-PRIN)
- [NICL vs UAIL](https://nepse.link/stocks/compare/NICL-vs-UAIL)
- [Every Non Life Insurance stock](https://nepse.link/stocks/sector/non-life-insurance)

Data from the Nepal Stock Exchange, refreshed four times a day by [nepse.link](https://nepse.link/about). Prices are adjusted for bonus and right shares. Not investment advice.