Shikhar Insurance Earns Net Profit Of Rs 40.31 Crores | EPS At Rs. 15.19 [Q4 Report]
August 15, 2023 | Investopaper
Shikhar Insurance Company Limited (SICL) has reported the growth in the net profit by 46 percent in the fiscal year 2079/80. The company earned a net profit of Rs. 40.31 crores, up from Rs. 27.50 crores of the previous fiscal year.
In the fiscal year 2079/80, SICL has the total premium collection of Rs 531.61 crores, up from Rs. 487.58 crores of the previous fiscal year. Likewise, the net premium has increased by 25 percent to Rs 159.2 crores.
Similarly, the net claim has inclined by 1.76 percent to Rs 105.9 crores while the outstanding claim of the insurance has surged to Rs 277.25 crores.
As of Ashad’s end 2080 BS, Shikhar Insurance has a paid-up capital of Rs. 265.49 crores. The company has a reserve of Rs. 59.69 crores while the insurance fund is at Rs. 153.74 crores. The company has made a total investment of Rs. 418.56 crores.
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Shikhar Insurance (SICL)- Major Financial Indicators For FY 2079/80
Paid-up Capital: Rs 265.49 Crores
Reserve & Surplus: Rs 59.69 Crores
Insurance Fund: Rs 153.74 Crores
Total Investments: Rs 418.56 Crores
Total Premium: Rs 531.61 Crores
Net Premium: Rs 159.2 Crores
Net Claim: Rs 105.9 Crores
Total Outstanding Claim: Rs 277.25 Crores
Net Profit: Rs 40.31 Crores
Management Expenses: Rs 75.89 Crores
Number Of Policies: 298,066
Earnings Per Share (EPS): Rs 15.19
Networth Per Share: Rs 185.89
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The fourth-quarter report of Shikhar Insurance is also summarized in the table below:
Shikhar Insurance Company Limited (SICL): Report Summary, FY 2079/80
| Financial Indicators | F.Y. 2079/80 | F.Y. 2078/79 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 265.49 | 228.6 | 16.14 |
| Reserve & Surplus (Rs. ‘crores’) | 59.69 | 78.43 | -23.89 |
| Insurance Fund (Rs. ‘crores’) | 153.74 | 133.58 | 15.09 |
| Total Investments (Rs. ‘crores’) | 418.56 | 400.1 | 4.61 |
| Total Premium (Rs. ‘crores’) | 531.61 | 487.58 | 9.03 |
| Net Premium (Rs. ‘crores’) | 159.2 | 127.1 | 25.26 |
| Net Claim (Rs. ‘crores’) | 105.9 | 104.07 | 1.76 |
| Total Outstanding Claim (Rs. ‘crores’) | 277.25 | 216.66 | 27.97 |
| Net Profit (Rs. ‘crores’) | 40.31 | 27.5 | 46.58 |
| Management Expenses (Rs. ‘crores’) | 75.89 | 67.05 | 13.18 |
| Number Of Policies | 298,066 | 262,598 | 13.51 |
| Earnings Per Share (Rs.) | 15.19 | ||
| Networth Per Share (Rs.) | 185.89 | ||
| Market Price Per Share (Rs.) [Ashad end, 2080 BS] | 845 | ||
| P/E Ratio | 55.63 |
Source: Unaudited Q4 Report, FY 2079/80
Note:
The above figures are based on the un-audited 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.
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