Buy SBI Life Insurance Company, target price Rs 1630 : Emkay Global Financial Services

Emkay Global Financial Services has buy call on SBI Life Insurance Company with a target price of Rs 1630. The current market price of SBI Life Insurance Company is Rs 1296.8.

SBI Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 129557.60 Crore) operating in Financial Services sector.

SBI Life Insurance Company key Products/Revenue Segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 27728.46 Crore, up 475.60 % from last quarter Total Income of Rs 4817.29 Crore and up 8.12 % from last year same quarter Total Income of Rs 25646.26 Crore. Company has reported net profit after tax of Rs 376.74 Crore in latest quarter.

The company’s top management includes Mr.Dinesh Kumar Khara, Mr.Mahesh Kumar Sharma, Ms.Usha Sangwan, Dr.Tejendra Mohan Bhasin, Mr.Narayan K Seshadri, Mr.Deepak Amin, Mr.Shobinder Duggal, Mr.Ashwini Kumar Tewari. Company has S K Patodia & Associates as its auditors. As on 31-12-2022, the company has a total of 100 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 55.45 per cent stake in the company as of December quarter while FIIs owned 0 per cent and DIIs 14.93 per cent.