SBI Life Insurance Company Ltd., included within the 12 months 2000, is a Large Cap firm (having a market cap of Rs 125289.96 Crore) working in Financial Services sector.
SBI Life Insurance Company Ltd. key Products/Revenue Segments embody Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the 12 months ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2022, the corporate reported a Standalone Total Income of Rs 27728.46 Crore, up 475.60 % from final quarter Total Income of Rs 4817.29 Crore and up 8.12 % from final 12 months similar quarter Total Income of Rs 25646.26 Crore. Company reported internet revenue after tax of Rs 376.74 Crore in newest quarter.
Investment Rationale
The brokerage stays constructive on the inventory and keep a BUY ranking with a unchanged Target Price of Rs 1,540/share (2.7x FY24EV), implying an upside potential of twenty-two% from the CMP.
Promoter/FII Holdings
Promoters held 55.48 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 23.9 per cent, DIIs 12.29 per cent.
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