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.


You May Also Like:

Dividend History Of Shikhar Insurance Company Limited (SICL)


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


You May Also Like:

Best Non-Life Insurance Companies In Nepal

Why You Should Invest In The Insurance Stocks?


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.

Note: If you want to see the reports of other companies, Click Here.

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!