Buy SBI Life Insurance, target price Rs 1670: Emkay Global

Emkay Global has buy call on SBI Life Insurance Company with a target price of Rs 1670. The current market price of SBI Life Insurance Company Ltd. is Rs 1247.

Time period given by analyst is one year when SBI Life Insurance Company Ltd. price can reach defined target.

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 124845.36 Crore) operating in Financial Services sector.


SBI Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 376.41 Crore, up 54.58 % from last quarter Total Income of Rs 243.50 Crore and up 22.73 % from last year same quarter Total Income of Rs 306.70 Crore. Company reported net profit after tax of Rs 246.62 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.69 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.47 per cent, DIIs 12.01 per cent.