Himalayan Everest Insurance Earns Rs. 40.06 Crores | EPS At Rs. 17.41 [Q4 Report]
August 15, 2023 | Investopaper
Himalayan Everest Insurance Limited (HEI) has reported a 185 percent rise in net profit after the meger. As per the unaudited fourth quarterly report, the insurance has posted a net profit of Rs 40.06 crores in net profit in the last fiscal year 2079/80. In the previous year 2078/79, such profit stood at Rs 14.06 crores during the same period.
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As of Ashad’s end 2080 BS, HEI has a paid-up capital of Rs. 220.15 crores with Rs. 69.08 crores in reserve and surplus. The company has collected Rs. 335.39 crores in total premium.
The quarterly report is summarized in the table below:
Himalayan Everest Insurance (HEI): Q4 Report Summary, FY 2079/80
| Financial Indicators | F.Y. 2079/80 | F.Y. 2078/79 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 230.15 | 242.81 | -5.21 |
| Reserve & Surplus (Rs. ‘crores’) | 69.08 | 42.31 | 63.27 |
| Insurance Fund (Rs. ‘crores’) | 129.47 | 109.44 | 18.30 |
| Total Investments (Rs. ‘crores’) | 464.22 | 396.91 | 16.96 |
| Total Premium (Rs. ‘crores’) | 335.39 | 327.66 | 2.36 |
| Net Premium (Rs. ‘crores’) | 117.75 | 85.06 | 38.43 |
| Net Claim (Rs. ‘crores’) | 60.15 | 58.37 | 3.05 |
| Total Outstanding Claim (Rs. ‘crores’) | 189.74 | 100.68 | 88.46 |
| Net Profit (Rs. ‘crores’) | 40.06 | 14.06 | 184.92 |
| Management Expenses (Rs. ‘crores’) | 47.78 | 42.69 | 11.92 |
| Number Of Policies | 211,912 | 213,030 | -0.52 |
| Earnings Per Share (Rs.) | 17.41 | ||
| Networth Per Share (Rs.) | 188.68 | ||
| Market Price Per Share (Rs.) [Ashad end, 2080 BS] | 460 | ||
| P/E Ratio | 26.42 |
Source: Unaudited Q4 Report, FY 2079/80
Note:
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2079 BS. At current, the numbers may vary.
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