Neco Insurance shows a hefty growth of 63.32%; EPS stands at Rs 35.77

Neco Insurance has published the 3rd quarter report for the current fiscal year. 

As per the report, the company has earned a hefty net profit of Rs 21.03 crores. The same was Rs 12.88 crores in the corresponding quarter of the previous fiscal year. NIL currently has an EPS of Rs 35.77.

NIL has collected a net premium of Rs 72.08 crore, the same was Rs 58.05 last year. Similarly, the net claims throughout the period amounted to Rs 28.45 crore, up from Rs 14.02 crore in the previous year. The company has 1.97lakh policies, the same was 1.50 lakh last year. 

The insurance company paid a fee of Rs 2.80 crore to the agents. The same amounted to Rs 2.39 crores in the corresponding quarter of the previous fy. 

NIL currently has a paid-up capital of Rs 78.41crore and a general reserve of 30.16 crore. 

The last traded price is Rs 605 .

Major Indicators :

Earning Per Share : Rs 35.77

P/E Ratio               : 15.29 times

Networth per Share: Rs 236.14