SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85799.22 Crore) operating in Financial Services sector.
Shutterstock.comPromoters held 60.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 7.1 per cent and public and others 6.5 per cent.
Motilal Oswal has given a buy rating to SBI Life with a target price of Rs 1050. The share price moved down by 0.08 per cent from its previous close of Rs 857.70. The stock’s last traded price is Rs 857.
SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85799.22 Crore) operating in Financial Services sector.
Financials For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 113.32 Crore, down 59.85 % from last quarter Sales of Rs 282.23 Crore and up 104.18 % from last year same quarter Sales of Rs 55.50 Crore Company reported net profit after tax of Rs 299.73 Crore in latest quarter.
Investment Rationale SBILIFE is also looking to optimize its product mix in the Protection/Annuity business. This should help VNB margin to further expand to ~22% by FY23E, which should drive 19% CAGR in VNB over FY20-23E. The brokerage expects operating RoEV to remain steady ~18%, while EV clocks 17% CAGR over FY20-23E. It maintains Buy with TP of INR1,050/share (2.7x Sep’22E EV).
Promoter/FII Holdings Promoters held 60.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 7.1 per cent and public and others 6.5 per cent.
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