| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Shriram General Insurance Co Limited |
|
Particulars |
2023 |
2022 |
2021 |
|
SOURCES OF FUNDS |
|
|
|
|
Share Capital |
2591628 |
2591628 |
2591628 |
|
Stock Option Outstanding Account |
- |
- |
- |
|
Reserves and Surplus |
21850503 |
21100520 |
19111597 |
|
Share Application Money pending allotment |
|
|
- |
|
Fair Value Change Account- Shareholders |
-297946 |
-142523 |
-95299 |
|
Fair Value Change Account- Policyholders |
- |
- |
- |
|
CSR |
- |
- |
- |
|
Deferred Tax Liabilities |
- |
- |
- |
|
Borrowing |
- |
- |
- |
|
Minority Interest |
99219 |
167655 |
263281 |
|
TOTAL |
24243403 |
23717279 |
21871207 |
|
APPLICATION OF FUNDS |
|
|
|
|
Investments-Shareholders |
13027198 |
14836345 |
16963997 |
|
Investments-Policyholders |
99705454 |
93474871 |
88644027 |
|
Loans |
- |
- |
- |
|
Fixed Assets |
547828 |
484066 |
506481 |
|
Deferred Tax Assets |
523639 |
367248 |
345671 |
|
Current Assets: |
|
|
|
|
Cash and Bank Balances |
354253 |
427726 |
310592 |
|
Advances and Other Assets |
5636724 |
5504294 |
5554528 |
|
Sub-Total (A) |
5990977 |
5932020 |
5865120 |
|
Current Liabilities |
82467901 |
81701680 |
79114483 |
|
Provisions |
13083791 |
9675592 |
11339606 |
|
Sub-Total (B) |
95551692 |
91377271 |
90454089 |
|
Net Current Assets (C) = (A - B) |
-89560716 |
-85445251 |
-84588969 |
|
Miscellaneous Expenditure (to the extent not written off or adjusted) |
- |
- |
- |
|
Debit Balance in Profit and Loss Account |
- |
- |
- |
|
TOTAL |
24243403 |
23717279 |
21871207 |
|
Particulars |
2023 |
2022 |
2021 |
|
OPERATING PROFIT/(LOSS) |
4682080 |
7122714 |
6398100 |
|
INCOME FROM INVESTMENTS |
|
|
|
|
Interest, Dividend & Rent – Gross |
780507 |
1075098 |
1088645 |
|
Profit on sale of investments |
234883 |
843626 |
451862 |
|
Less: Loss on sale of investments |
- |
-2450 |
- |
|
Amortization of discount / (premium),Net |
-17603 |
-26717 |
-17210 |
|
OTHER INCOME |
|
|
|
|
Interest on Income Tax Refund |
25871 |
- |
- |
|
TOTAL (A) |
5705739 |
9012272 |
7921397 |
|
PROVISIONS (Other than taxation) |
|
|
|
|
For doubtful debts |
61507 |
88 |
17 |
|
OTHER EXPENSES |
|
|
|
|
Expenses other than those related to Insurance Business |
49702 |
10158 |
7048 |
|
CSR Expenses |
176641 |
184744 |
171627 |
|
(Profit)/Loss on Sale/Write off of Fixed Assets (Net) |
871 |
918 |
13 |
|
Contribution to Policyholders Funds towards excess EOM |
370077 |
- |
|
|
TOTAL (B) |
658797 |
195909 |
178705 |
|
Profit Before Tax (A-B) |
5046942 |
8816363 |
7742692 |
|
Provision for Taxation |
|
|
|
|
Current Tax |
1444262 |
2173420 |
1884659 |
|
Deferred Tax |
-165445 |
-28955 |
-37767 |
|
Earlier year Tax |
21660 |
16997 |
-50032 |
|
Profit After Tax |
3746465 |
6654901 |
5945833 |
|
APPROPRIATIONS |
|
|
|
|
Final dividend paid during the year |
1606809 |
1554977 |
- |
|
Interim dividends paid during the year |
1451311 |
3032204 |
4353934 |
|
Dividend distribution tax |
|
|
|
|
Tax on final dividend |
- |
- |
- |
|
Tax on interim dividend |
- |
- |
- |
|
Transfer to any Reserves or Other Accounts |
|
|
|
|
Balance of profit/ loss brought forward from last year |
20978973 |
18936499 |
17368005 |
|
Less: Minority Share in Profit & Loss |
1271 |
2112 |
2789 |
|
Profit after tax and Minority Interest |
21666047 |
21002107 |
18957114 |
|
Transfer to Capital Reserve on Consolidation |
-5289 |
-23134 |
-20615 |
|
Balance carried forward to Reserve & Surplus account |
21660757 |
20978973 |
18936499 |
|
Earning Per Share (Basic) in Rs. |
14.451 |
25.67 |
22.93 |
|
Earning Per Share (Diluted ) in Rs. |
14.451 |
25.67 |
22.93 |
|
Particulars |
2023 |
2022 |
2021 |
|
Cash flow from operation activities |
|
|
|
|
Premium received from policyholders, including advance receipts and service tax/ GST |
26582403 |
19791524 |
25341651 |
|
Other receipts |
58498 |
29822 |
28837 |
|
Payment to Reinsurers, net of commissions and claims |
-471328 |
-568726 |
-623153 |
|
Payment of Claims |
-13242753 |
-11181042 |
-7573514 |
|
Payment of Commission |
-1278384 |
-1025470 |
-1243864 |
|
Payment of other Operation expenses Net of Misc. income |
-6125818 |
-3979403 |
-4630614 |
|
Preliminary and Preoperative expenses |
- |
- |
- |
|
Income tax paid (Net) |
-814999 |
-2180416 |
-1795682 |
|
Service tax/GST paid |
-4000131 |
-3048095 |
-3914576 |
|
Deposit, advances and staff loans |
-146421 |
-69759 |
791457 |
|
Cash Flow before extraordinary items |
- |
- |
- |
|
Cash Flow after extraordinary items |
- |
- |
- |
|
Net Cash in Flow From Operating Activities(A) |
561067 |
-2231565 |
6380542 |
|
Cash Flow from Investment Activities |
|
|
|
|
Purchase of Fixed Assets |
-111323 |
-25091 |
-7927 |
|
Proceeds from sale of Fixed Assets |
7778 |
1188 |
25 |
|
Purchase of Investments |
-28684013 |
-51841222 |
-90167396 |
|
Advance for Share Purchase |
- |
- |
-212673 |
|
Sale / Maturity of Investments |
20900538 |
53270795 |
38790286 |
|
Rent/Interests/Dividend Received |
7003798 |
7356103 |
6744963 |
|
Investment in money market instruments and in liquid mutual funds (Net) |
3323426 |
-1829817 |
41733232 |
|
Net Cash Out Flow from Investment Activities(B) |
2440204 |
6931956 |
-3119490 |
|
Cash Flow from Financing Activities |
|
|
|
|
Proceeds from issuance of Share Capital |
- |
- |
935394 |
|
Dividend paid including Distribution tax paid |
-3058120 |
-4587181 |
-11336 |
|
Share Application Money |
- |
- |
-932659 |
|
Payment of Dividend |
- |
- |
-4353934 |
|
Interest expenses |
- |
- |
- |
|
Net Cash Flow from Financing Activities ( C ) |
-3058120 |
-4587181 |
-4362536 |
|
Effect of foreign exchange rates on cash and cash equivalents (Net) |
-16623 |
3923 |
9838 |
|
(Decrease)/Increase in Cash and Cash Equivalents during the year |
-73473 |
117134 |
-1091646 |
|
Cash and Cash Equivalent at the beginning of the period |
427726 |
310592 |
1402237 |
|
Cash and Cash Equivalent at the end of the period |
354253 |
427726 |
310592 |
Cash Flow from Operating Activities:
- Premium received from policyholders, including advance receipts and service tax/GST increased from 2021 to 2022, then further increased in 2023.
- Other receipts, payment to reinsurers (net of commissions and claims), payment of claims, payment of commission, payment of other operation expenses (net of misc. income), preliminary and preoperative expenses, income tax paid (net), service tax/GST paid, and deposit, advances, and staff loans show variations across the years.
Net Cash Inflow From Operating Activities (A):
- Net cash inflow from operating activities increased significantly in 2023 compared to 2022, which was negative. In 2021, it was positive but less than in 2023.
Cash Flow from Investment Activities (B):
- There was a significant net cash outflow from investment activities in 2021 and 2022, which turned into a net cash inflow in 2023.
- Notable movements include the purchase and sale/maturity of investments.
Cash Flow from Financing Activities (C):
- There is a net cash outflow from financing activities in all three years, with significant variations.
Effect of Foreign Exchange Rates on Cash and Cash Equivalents:
- The effect of foreign exchange rates on cash and cash equivalents is minor, with a net decrease in 2021 and a net increase in 2022 and 2023.
Decrease/Increase in Cash and Cash Equivalents during the Year:
- There was a decrease in 2021, an increase in 2022, and a decrease again in 2023.
Cash and Cash Equivalent at the End of the Period:
- Cash and cash equivalents decreased from 2022 to 2023 but increased significantly from 2021 to 2022.
|
Particulars |
2023 |
2022 |
2021 |
|
Dividend (final + interim) (In Rs.) |
10.00 |
17.90 |
22.80 |
