Shikhar Insurance Q4 financials: earnings rises by 18.46% with EPS of Rs 44.73 and Qtr end PE stands at 17.24 times

Wed, Aug 21, 2019 7:58 AM on Financial Analysis, Latest, Stock Market,
Shikhar In...

Shikhar Insurance Company Limited (SICL) net profit has increased by 18.46% in the fourth quarter of the fiscal year 2075/76. The company earnings have increased from Rs 39.92 crore in the corresponding quarter to Rs 47.29 crore in the Q4 of the FY 2075/76.

The net earnings from premium decreased by meager 1.80% to Rs 1.56 arba till Q4 of FY 75/76 from Rs 1.59 arba in the corresponding quarter. The company has earned Rs 15.47 crore from investment, loans and others headings and its reinsurance income stands at Rs 49.66 crore.

The company net claim payment increased by 21.78% to Rs 1.11 arba and its pending claim amount stands at Rs 81.16 crore for which company has made provisions of Rs 30 crore till Q4.

The company’s number of policy increased from 3.02 lakh in the corresponding quarter to 3.03 lakh in Q4.

As per the unaudited report for the fourth quarter published today, Shikhar Insurance has a paid up capital of Rs 1.05 arba with a reserve and surplus of Rs 45.70 crore. It has Rs 1.05 arba in insurance fund and Rs 7.33 crore in contingent fund.

It's EPS and net worth per share stands at Rs 44.73 and Rs 250.17. The quarter end P/E ratio of the company is at 17.24 times.

Click here for Q4 report:

Major Highlights:

Particulars (In Rs '000)

Shikhar Insurance

Q4 2075/76

Q4 2074/75

Difference

Paid Up Capital

1,057,311

1,057,311

0.00%

Reserve and Surplus

457,087

212,597

115.00%

Insurance Fund

1,057,311

828,819

27.57%

Contingent Reserve

73,390

73,390

0.00%

Gross Premium

3,519,340

3,336,777

5.47%

Net Premium

1,563,398

1,591,979

-1.80%

Re-Insurance Income

496,634

382,913

29.70%

Income from Investment, Loan and others

154,785

115,121

34.45%

Claim Payment (Net)

1,114,014

914,760

21.78%

Agent Commission

34,916

34,316

1.75%

Gross Profit

642,231

595,666

7.82%

Net Profit

472,981

399,275

18.46%

No of Policies

303,591

302,434

0.38%

EPS (In Rs.)

44.73

37.76

18.46%

Net Worth per Share (In Rs.)

250.17

205.44

21.78%

Qtr End PE Ratio

17.24

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