# HRL vs NRIC

[HRL](https://nepse.link/stocks/HRL) (Himalayan Reinsurance Limited) and [NRIC](https://nepse.link/stocks/NRIC) (Nepal Reinsurance Company Limited) are two of the most traded Others stocks on NEPSE. Their numbers side by side, as of 2026-11-06, with results from q4 FY 082/083.

HRL is ahead of NRIC on 3 of the 5 measures below. None of this is a recommendation; it is what the latest numbers say. NRIC is the bigger company by market value (Rs 11,878.64 crore), 2.2 times HRL (Rs 5,515.51 crore).

## Which is ahead on each measure

- HRL is cheaper on price to book (4.4 against 8.1 for NRIC).
- NRIC has done better over a year (-34.4% against -37.7% for HRL).
- NRIC declared the bigger latest dividend (5.00% for 079/080).
- HRL earns more on its equity (ROE -18.49% against -52.99%).
- HRL grew its net profit faster against the same quarter last year (-268.0% against -1165.3% for NRIC).

## HRL and NRIC side by side

| Measure | HRL | NRIC |
| --- | --- | --- |
| Last close | Rs 507.50 | Rs 885.00 |
| Change, 1 month | +3.00% | +10.76% |
| Change, 1 year | -37.73% | -34.44% |
| EPS | Rs -21.50 | Rs -57.87 |
| P/E | -23.6 | -20.3 |
| Book value per share | Rs 115.58 | Rs 109.02 |
| Price to book | 4.39 | 8.12 |
| ROE | -18.49% | -52.99% |
| Net profit growth, same quarter last year | -268.0% | -1165.3% |
| Latest dividend | 4.74% (080/081) | 5.00% (079/080) |
| Market value | Rs 5,515.51 crore | Rs 11,878.64 crore |
| Average daily turnover, 30 days | Rs 5.30 crore | Rs 2.69 crore |

## Do they move together?

Over the last year their daily returns had a correlation of 0.76 (1 means they move in step, 0 means unrelated). That is high: holding both adds little diversification.

## More Others comparisons

- [HRL vs NTC](https://nepse.link/stocks/compare/HRL-vs-NTC)
- [HRL vs PURE](https://nepse.link/stocks/compare/HRL-vs-PURE)
- [HRL vs TTL](https://nepse.link/stocks/compare/HRL-vs-TTL)
- [NRIC vs NTC](https://nepse.link/stocks/compare/NRIC-vs-NTC)
- [NRIC vs PURE](https://nepse.link/stocks/compare/NRIC-vs-PURE)
- [NRIC vs TTL](https://nepse.link/stocks/compare/NRIC-vs-TTL)
- [Every Others stock](https://nepse.link/stocks/sector/others)

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.