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Insurance

SSIC Silver Star Insurance Company Limited

Latest results: FY2013 · Dec 2013

Last close · 31 Aug 2015

Rs 6.34 -1.40%

Annual · FY1998 – FY2013

Silver Star Insurance Company Limited (SSIC) financial ratios

Silver Star Insurance Company Limited earned a net margin of 0.6% in FY2013 against a five-year average of 19.2% (Insurance median 11.2%). Return on equity was 0.3%, compared with a sector median of 14.1%.

FY2013 vs the Insurance median

Net margin
0.6%
Sector median 11.2%
Return on equity (ROE)
0.3%
Sector median 14.1%
Return on assets (ROA)
0.1%
Sector median 3.5%
Debt to equity
3.7%
Sector median 2.4%
Dividend payout ratio
0.0%
Sector median 0.0%

Median of the 29 companies in the sector with the figure for their latest fiscal year.

SSIC financial ratios (annual) (Rs mn)
Rs mn FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 Jan – Dec 2010 FY2009 Jan – Dec 2009 FY2008 Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005 FY2004 Jan – Dec 2004 FY2003 Jan – Dec 2003 FY2002 Jan – Dec 2002 FY2001 Jan – Dec 2001 FY2000 Jan – Dec 2000 FY1999 Jan – Dec 1999 FY1998 Jan – Dec 1998
Profitability
Pre-tax margin 4.4% 21.2% 25.0% 23.7% 27.1% 54.0% 57.7% 53.0% 52.4% 29.7% 24.0% 24.6% 20.6% 11.1% 9.4% 3.2%
Net margin 0.6% 18.7% 25.2% 25.2% 26.5% 49.1% 56.1% 52.5% 51.8% 28.9% 23.9% 20.2% 17.8% 8.0% 6.6% 2.0%
Effective tax rate 87.2% 12.1% (0.7%) (6.4%) 2.1% 9.1% 2.9% 1.0% 1.0% 2.7% 0.5% 17.8% 13.6% 27.9% 30.0% 37.8%
Returns
Return on equity (ROE) 0.3% 7.9% 10.1% 9.8% 10.1% 23.3% 30.5% 28.2% 19.7% 7.4% 5.4% 4.3% 8.9% 6.2% 7.2% —
Return on assets (ROA) 0.1% 4.8% 6.1% 6.2% 6.8% 15.3% 19.6% 17.4% 11.4% 4.1% 2.7% 2.3% 5.0% 3.0% 3.0% —
Leverage
Debt to equity 3.7% 6.1% 6.0% 12.5% 6.3% 6.7% 8.8% 5.7% 14.0% 10.0% 0.0% — — — — —
Debt to capital 3.6% 5.8% 5.7% 11.1% 6.0% 6.3% 8.0% 5.4% 12.3% 9.1% 0.0% — — — — —
Debt to assets 1.8% 3.7% 3.6% 7.6% 4.3% 4.5% 5.6% 3.6% 8.2% 5.7% 0.0% — — — — —
Assets to equity 1.88× 1.67× 1.67× 1.57× 1.49× 1.52× 1.56× 1.62× 1.73× 1.84× 1.97× 1.89× 1.79× 2.08× 2.40× —
Dividends
Dividend payout ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Earnings retention rate 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

SSIC: frequently asked questions

What is SSIC's EPS?

Silver Star Insurance Company Limited reported basic earnings per share of Rs 0.05 for FY2013 (Jan – Dec 2013).

What is SSIC's P/E ratio?

At the closing price of Rs 6.34 on 31 Aug 2015, SSIC trades at a P/E of 134.2× based on EPS of Rs 0.05 (FY2013).

Does SSIC pay dividends?

Silver Star Insurance Company Limited did not declare a cash dividend for FY2013.

What was SSIC's total income and profit in FY2013?

Silver Star Insurance Company Limited reported total income of Rs 254.1 mn and profit attributable to shareholders of Rs 1.4 mn for FY2013 (Jan – Dec 2013).

What is SSIC's book value per share?

Silver Star Insurance Company Limited's book value per share was Rs 17.87 at the end of FY2013. The shares trade at 0.35× book value.

Information only, not investment advice.