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SHRIRAM LIFE INSURANCE COMPANY LIMITED

  • www.shriramlife.com
  • Sector: Insurance
  • CHRYSEUM SCORE: 9.00/10.00
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    SHRIRAM LIFE INSURANCE COMPANY LIMITED

    • Sector: Insurance
    • CHRYSEUM SCORE: 9.00/10.00

    Description: Shriram Life Insurance Company Limited is involved in the business of Life Insurance

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    MCap/GDP

    1.79

    AVG MCap / GDP of Peer

    1.98

    Valuation Score

    2.50

    The Valuation Score depicts if the company is available at a discount when compared to its listed peer. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    20.22%

    PAT Growth

    14.15%

    ROE

    17.47%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and the PAT on a 3 year CAGR basis. It also encompasses how the company’s ROE fares when compared to the average ROE of the industry.

    Key Metrics

    Max Score: 1.50

    Solvency Ratio

    2.06

    Combined Ratio

    0.00%

    Key Metrics Score

    1.50

    The Solvency Ratio is compared to the standard 1.5 IRDAI benchmark, higher the ratio, higher the score. Combined Ratio is compared to the company’s key competitors.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹350.00 0.00 (0.00%)

As on 13 Sep, 2024
L 350.00 52 Week Range H 350.00
Company Description : Shriram Life Insurance Company Limited is involved in the business of Life Insurance. It is a subsidiary of the Shriram Group which is one of the leading corporate houses in India
Company Overview
  • Name of Company SHRIRAM LIFE INSURANCE COMPANY LIMITED
  • Sector Insurance
  • ISIN INE227H01016
  • Scrip Code SHRIRAM LIFE
  • CIN U66010TG2005PLC045616
  • Pan No AACCK8280B
  • Face Value 10
  • Price ₹ 350.00
  • No. of Shares outstanding 17.94 Cr.
  • Market Cap ₹ 6,278.13 Cr
Financials
  • Revenue from operations ₹ 168.83 Cr.
  • EBITDA ₹ 166.06 Cr.
  • EBITDA Margin % 98.36%
  • Profit After Tax ₹ 157.95 Cr.
  • PAT Margin % 93.56%
  • EPS 8.81
  • Stock P/E 39.73
  • Book Value Per Share 50.40
  • P/B 6.94
  • Debt/Equity 0.00
Other Key Statistics
  • 52 week High/Low 350.00/350.00
  • Dividend Per Share 6.13
  • Dividend Yield 0.02
  • Sales Growth - 3 years 13.16%
  • EBITDA Growth - 3 years 14.35%
  • PAT Growth - 3 years 14.15%
  • EPS Growth - 3 years 14.17%
  • ROE 17.47%
  • ROCE 1.45%
  • Cash Equivalents 304.63
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name Shriram Life Insurance SBI Life Insurance
Listing Status Unlisted Listed
Gross Written Premium 3,507.54 81,430.00
Net Premiums Earned 3,499.29 80,590.00
Total Income 4,340.39 132,050.00
PAT 157.95 1,893.78
No. of Shares Outstanding 17.94 100.16
EPS (in ₹) 8.81 18.91
Share Capital 179.17 1,001.47
Total Net Worth 904.00 14,908.56
Total Assets 11,851.68 393,782.99
Cash and Bank Balance 304.63 4,745.89
Key Metrics:
CMP* 350.00 1,870.25
Market Cap (In Cr.) 6,278.13 187,324.24
Market Cap/Sales 1.45 1.42
EPS (Earnings Per Share) 8.81 18.91
BVPS (Book Value Per Share) 50.40 148.85
P/E 39.73 98.90
P/BV 6.94 12.56
Market Cap/Gross Written Premium 1.79 2.17
Market Cap/Net Premiums Earned 1.79 2.20
Solvency Ratio 2.06 1.96
ROE 17.47% 12.70%
ROA 1.33% 0.48%
*Market Price in ₹ as on 13 Sep, 2024

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 168.83 167.43 97.10 116.51 111.57
Y-o-Y Revenue Growth 0.84% 72.43% -16.66% 4.43% -11.44%
Other Income 0.00 0.00 0.00 0.61 0.08
Total Income 168.83 167.43 97.10 117.12 111.65
Total Expenses (Excludes Interest and Depreciation) 2.77 4.07 84.10 6.06 85.39
Operating Profit (After deducting Depreciation) 166.06 163.36 13.00 110.45 26.18
OPM % 98.36 97.57 13.39 94.80 23.47
EBITDA 166.06 163.36 13.00 111.06 26.26
Depreciation 0.00 0.00 0.00 0.00 0.00
EBIT 166.06 163.36 13.00 111.06 26.26
Interest 0.00 0.00 0.00 0.00 0.00
EBT before Exceptional Items 166.06 163.36 13.00 111.06 26.26
Prior period/Exceptional /Extra Ordinary Items 0.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 166.06 163.36 13.00 111.06 26.26
Tax 8.11 7.36 10.46 4.86 -9.05
Net Profit 157.95 156.00 2.54 106.20 35.31
EPS in Rs 8.81 8.70 0.14 5.92 1.97
EPS Change % 1.21% 6,114.29% -97.64% 200.51% -43.71%
EBITDA Change % 1.65% 1,156.54% -88.29% 322.92% -51.32%
Profit growth 1.25% 6,034.76% -97.61% 200.76% -43.30%
ROCE 1.45% 1.78% 0.17% 1.67% 0.51%
ROE 17.47% 19.58% 0.36% 14.08% 5.75%
Debt / Equity Ratio 0.00 0.00 0.00 0.00 0.00
Sales growth 3Years 13.16%
Sales growth 5Years 6.03%
Dividend per share 6.13 6.00 2.47

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 179.17 177.85 177.65 176.39 175.73
Reserves 724.83 618.87 523.13 577.66 437.99
Total shareholders' funds 904.00 796.72 700.78 754.05 613.72
Borrowings 0.00 0.00 0.00 0.00 0.00
Other Liabilities 10,091.53 8,172.58 6,744.27 5,612.09 4,299.93
Total Liabilities 10,781.64 8,630.07 7,262.21 6,200.57 4,772.37
Fixed Assets 50.87 49.24 52.60 65.18 68.54
Capital WIP 0.00 0.00 0.00 0.00 0.00
Investments 10,761.53 8,582.96 7,213.30 5,761.07 4,367.61
Other Assets 1,014.22 872.57 852.22 858.10 775.90
Total Assets 11,851.68 9,489.51 7,985.41 6,954.63 5,386.09
Cash Equivalents 304.63 224.37 217.28 196.01 115.25
Total Current liability 388.69 307.60 414.20 322.89 233.95
Total Assets -Total Current liabilty 11,462.99 9,181.91 7,571.21 6,631.74 5,152.14

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity 1,516.31 915.51 980.23 1,232.62 764.02
Net Cash from / (used in) Investing Activity -1,370.09 -855.07 -887.73 -1,153.46 -785.01
Net Cash from / (used in) Financing Activity -65.70 -53.35 -71.23 1.59 -10.23
Net Inc/Dec In Cash And Cash Equivalents 80.52 7.09 21.27 80.75 -31.22

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 17.50 97.56%
Non Promoters 0.44 2.44%

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