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Does the leading non-life Shikhar Insurance financial performance reached its saturation point? Know about the Q3 financial report

Tue, May 14, 2019 6:21 AM on Financial Analysis, Stock Market, Latest,
-ShareSansar

Shikhar Insurance Company (SICL) has earned a net profit of Rs 33.62 crore till the third quarter (Q3) of the fiscal year 2075/76 with meager 8.43% growth.

As per the unaudited report for the third quarter published today, the net earnings from premium increased by just 1.20% to Rs 1.24 arba till Q3 from Rs 1.22 arba in the corresponding quarter of last FY 2074/75.

The claims payment (net) rises by 33.03% to Rs 74.10 crore till Q3. The company has managed to hike its number of policyholders by 0.14% to 2.15 lakhs.

SICL's has a paid-up capital of Rs 1.05 arba with reserve of Rs 41.09 crore. Likewise, the company’s insurance fund has increased to Rs 1.01 arba from Rs 79.04 crore in the corresponding quarter.

Its annualized EPS stands at Rs 42.40, net worth per share at Rs 240.28 and quarter end P/E ratio at 20.89 times.

Shikhar Insurance yet to announce the dividend for fiscal year 2074/75.

Click Here for Q3 Report:

Major Highlights:

Particulars (In Rs '000)

Shikhar Insurance

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

1,057,310.60

1,057,310.60

0.00%

Reserve and Surplus

410,913.69

182,038.62

125.73%

Insurance Fund

1,019,313.03

790,437.95

28.96%

Contingent Fund

52,957.53

52,957.53

0.00%

Net Premium

1,243,622.86

1,228,859.58

1.20%

Re-Insurance Income

282,433.55

257,706.04

9.60%

Income from Investment, Loan and others

135,506.67

109,471.55

23.78%

Claim Payment (Net)

741,071.55

557,089.41

33.03%

Agent Commission

25,277.08

24,813.24

1.87%

Gross Profit

486,199.42

450,828.00

7.85%

Net Profit

336,242.54

310,106.01

8.43%

No of Policies

215,905.00

215,602.00

0.14%

Annualized EPS (In Rs.)

42.40

39.11

8.43%

Net Worth per Share (In Rs.)

240.28

196.99

21.98%

Qtr End PE Ratio

20.89

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