NLG posts 12.76% growth in Net Profits; P/E Ratio fall to 22.87

NLG Insurance Company Limited posted its fourth quarter report for FY 74/75 today. The company posted a net profit of Rs.26.05 Crore this year against a net profit of Rs.23.10 Crore posted last year marking a growth of 12.76% in the net profit of the company.

The paid up capital of the company stands at Rs.64.04 Crore which increased by 25% as compared to previous year. The company had a paid up capital of Rs.51.23 Crore last year. The reserves and surplus also show an increase of mere 1.56% currently standing at Rs.14.05 Crore as compared to Rs.13.83 Crore posted last year. The investment of the company standing at Rs.29.86 Crore fell by almost Rs.5 Crore marking a decrease of 12.95% in the investment.

Other key financials post by the company stand as follows:

• Earnings per Share is Rs.40.67 which was Rs.47.54 previous year.
• P/E ratio is 22.87 against last year’s P/E ratio which was 31.25.
• Net worth per Share is Rs.239.68 which was Rs.251.91 last year.

These indicators suggest that despite the fall in EPS and Net worth per share, that insurance company has had a decent performance as compared to the report posted last year. A growth of 12.76% in the net profits is a strong indicator of company’s decent performance. After an increase of 25% in the paid up capital, the company saw a fall of 14.45% in the EPS and a fall of 4.85% in the Net worth per Share.