Shikhar Insurance profit grows; Net Premium falls

Shikhar Insurance has reported the growth in the net profit by 18 percent in the fourth quarter of the fiscal year 2075/76. The insurance earned a profit of Rs. 47.30 crores. In the previous fiscal year, the profit stood at Rs. 39.93 crores.

The net profit has grown despite a slight fall in the net premium income to Rs. 156.34 crores. However, the total premium collection increased by 5 percent to Rs. 351.93 crores. The net claim has increased by almost 22 percent. The company paid a net claim amount of Rs. 111.40 crores, up from Rs. 91.48 crores of the previous year. Similarly, the outstanding claim has climbed by 24 percent to Rs. 81.17 crores.

The paid-up capital stands at Rs. 105.73 crores. Likewise, the company has a reserve of Rs. 45.71 crores, up by 115 percent from the previous year. Also, the insurance fund is at Rs. 105.73 crores. Until the fourth quarter of 2075/76, Shikhar Insurance has made a total investment of Rs. 300.61 crores.

EPS stands at satisfactory Rs. 44.73. Similarly, the net-worth per share is Rs. 250.17. The stock of Shikhar Insurance was trading at Rs. 771 at the end of the fiscal year 2075/76. At this price, the p/e ratio stands at Rs. 17.24.

The fourth-quarter report of Shikhar Insurance is summarized in the table below:

Shikhar Insurance Fourth Quarter, 2075/76

HEADINGS 4TH QTR, 2075/76 4TH QTR, 2074/75 PERCENT CHANGE
Paid-up Capital (Rs. ‘crores’) 105.73 105.73 0.00
Reserve & Surplus (Rs. ‘crores’) 45.71 21.26 115.00
Insurance Fund  (Rs. ‘crores’) 105.73 82.88 27.57
Total Investments  (Rs. ‘crores’) 300.61 253.34 18.66
Total Premium (Rs. ‘crores’) 351.93 333.68 5.47
Net Premium  (Rs. ‘crores’) 156.34 159.20 -1.80
Net Claim (Rs. ‘crores’) 111.40 91.48 21.78
Total Outstanding Claim (Rs. ‘crores’) 81.17 65.42 24.08
Net Profit  (Rs. ‘crores’) 47.30 39.93 18.46
Earnings Per Share (Rs.) 44.73
Networth Per Share (Rs.) 250.17
Market Price (Rs.) [Ashad 31, 2076] 771
P/E Ratio [ based on the price of Ashad 31] 17.24

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