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NIL ( Neco Insurance Co. Ltd. ) NEPSE Group A Company

ISIN Number : NPE207A00008

As of Mar 30, 2021
1648.00
26.00
1.60 %
Open
1622
High
1654
Low
1633
Volume
37396
Prev. Close
1622
Bid Price
575 ( 100 )
Ask Price
576 ( 285 )
BASIC CHART
KEY INDICATORS
Market Capitalization
रू 2171.13 करोड
Outstanding Shares
13174320
Book Value
225
PBV
7.32
Stock P/E
41.12
Dividend ( 2076/2077 )
16.32 %
EPS
40.08
PB X PE
301.16
ROE
--
ROA
--
CAR
--
Industrial PE
777.01
Industrial EPS
24.9
52 Weeks High-Low
1900 - 416
Lifetime High-Low
2290 - 100
180 Day Average Price
1508
PROMOTER SHARE VALUE
Neco Insurace Co. Ltd. Promoter ( NILPO )
Open
100.00
High
100.00
Low
100.00
Close
100.00
Classic Tech Red Label
PRICE PERFORMANCE
5 Days ---
1 Month ---
3 Months ---
YTD ---
1 Year ---
5 Years
-20.96%
COMPETITORS
Name chg % Market cap
EIC 2.85 % रू 790.17 करोड
GIC 9.94 % रू 800.45 करोड
LGIL 6.00 % रू 928.28 करोड
NICL 4.87 % रू 942.11 करोड
NRIC 0.14 % रू 11776.8 करोड
SICL 1.71 % रू 2700.9 करोड
MORE ON WEB
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STOCK TRADING STRATEGIES
No strategies are available.
TOP BROKERS (As of - Mar 31, 2021)
Sell Buy
Code Qty Amt Commission (Est) Qty Amt Commission (Est) Total Amount Total Commission
52 --- --- --- --- --- --- रू 0 रू 0
55 --- --- --- --- --- --- रू 0 रू 0
1 --- --- --- --- --- --- रू 0 रू 0
5 --- --- --- --- --- --- रू 0 रू 0
7_RWS --- --- --- --- --- --- रू 0 रू 0
11 --- --- --- --- --- --- रू 0 रू 0
14_RWS --- --- --- --- --- --- रू 0 रू 0
19 --- --- --- --- --- --- रू 0 रू 0
22 --- --- --- --- --- --- रू 0 रू 0
28 --- --- --- --- --- --- रू 0 रू 0

Condensed Consolidated Statement of Financial Position

Particular
This Quarter
77/78 - 2nd Quarter
Previous Quarter
75/76 - 3rd Quarter
Corresponding Previous Year Quarter
Cash and cash equivalent 235,235,000 257,954,000 n/a
Due from Nepal Rastra Bank n/a
Placement with Bank and Financial Institutions n/a
Derivative Financial Instruments n/a
Other Trading Assets n/a
Loan and advances to B/Fis n/a
Loan and advances to Customers n/a
Investment Securities n/a
Current Tax Assets n/a
Investment in Subsidiaries n/a
Investment in Associates n/a
Investment Property n/a
Property and Equipment n/a
Goodwill and Intangible assets n/a
Deferred Tax Assets n/a
Other Assets 1,673,238,000 807,329,000 n/a
Total Assets n/a
Liabilities
Due to bank and Financial Institutions n/a
Due to Nepal Rastra Bank n/a
Derivative Financial Instrument n/a
Deposit from Customers n/a
Borrowings n/a
Current Tax Liabilities n/a
Provisions n/a
Deferred Tax Liabilities n/a
Other Liabilities n/a
Debt securities issued n/a
Subordinated Liabilities n/a
Total Liabilities n/a
Total Liabilities n/a
Equity
Share Capital 1,317,432,000 1,176,278,000 n/a
Share Premium n/a
Retained Earnings n/a
Reserves n/a
Total equity attributable to equity holders n/a
Non-controlling interest n/a
Total Equity n/a
Total Liabilities and Equity n/a

Condensed Consolidated Statement of Profit or Loss

Particular This Quarter Previous Quarter Corresponding Previous Year Quarter
Interest Income n/a
Interest Expense n/a
Net interest Income n/a
Fees and Commission Income n/a
Fees and Commission Expense n/a
Net fee and commission income n/a
Net interest, fee and commission income n/a
Net Trading income n/a
Other Operating Income n/a
Total Operating Income n/a
Impairment charge/(reversal) for loans and other losses n/a
Net Operating Income n/a
Loans and Other Losses n/a
Operating Expenses
Personal Expense n/a
Other Operating Expense n/a
Depreciation and Amortization n/a
Operating Profit n/a
Non operating Income n/a
Non operating expenses n/a
Profit before Income Tax n/a
Income tax Expenses
   Current Tax n/a
   Deferred Tax n/a
Profit/(loss) for the period 264,004,000 251,563,000 n/a

Condensed Consolidated Statement of Comprehensive Income

Particular
This Quarter
77/78 - 2nd Quarter
Previous Quarter
75/76 - 3rd Quarter
Corresponding Previous Year Quarter
Profit/(loss) for the period 264,004,000 251,563,000 n/a
Other Comprehensive Income n/a
Total Comprehensive Income n/a
Basic Earning per share 40 29 n/a
Diluted Earning per share n/a
Profit attributable to:
   Equity holders of the Bank n/a
   Non-controlling interests n/a
Total n/a
Statement of Distributable Profit and Loss
Net Profit for the Quarter ended n/a
1. Appropriations
1.1 Profit required to be appropriated to statutory reserve
a. General Reserve n/a
b. Capital Redemption Reserve n/a
c. Exchange Fluctuation Fund n/a
d. Corporate Social Responsibility Fund n/a
e. Employees Training Fund n/a
f. Other n/a
1.2 Profit required to be transferred to Regulatory Reserve
a. Transfer to Regulatory Reserve n/a
b. Transfer from Regulator Reserve n/a
Net Profit for quarter end available for distribution n/a

Ratios as per NRB Directives

Particular
This Quarter
77/78 - 2nd Quarter
Previous Quarter
75/76 - 3rd Quarter
Corresponding Previous Year Quarter
Capital fund to RWA n/a
Non-Performing Loan (NPL) to Total loan n/a
Total Loan Loss provision to Total NPL n/a
Cost of Funds n/a
Credit to Deposit Ratio n/a
Base Rate n/a
Interest Rate Spread n/a
Net Interest income to total income n/a
Non Interest Income to Operating Cost n/a
Interest Expenses to Interest Income n/a
Shareholder's Equity n/a
Number of Outstanding Share n/a
Net Worth Per Share 225 209 n/a
Earning Per share (EPS Annualized) 40 29 n/a
PE Ratio 32 18 n/a
Price to Book Ratio n/a
Return on Equity (Closing Annualized) n/a
Return on Asset n/a
Market Price High-Low n/a
PEER PERFORMANCE
Companies LTP Intraday 5D % 1M % 3M % YTD % 1Y % Trend
NIL 1648 26 --- --- --- --- ---
EIC 721 20 --- --- --- --- ---
GIC 697 63 --- --- --- --- ---
LGIL 813 46 --- --- --- --- ---
NICL 819 38 --- --- --- --- ---
NRIC 1402 2 --- --- --- --- ---
SICL 1965 33 --- --- --- --- ---
COMPANY INSIGHTS
DIVIDENDS
Fiscal Year Bonus Share Cash Dividend Total Dividend Bonus Dist. Date Right Share Right Dist. Date
1 2076/2077 15.5 % 0.82 % 16.32 % -- -- --
2 2075/2076 -- 8.16 % 8.16 % -- -- --
3 2074/2075 12 % 0.63 % 12.63 % -- -- --
4 2073/2074 10 % 0.52 % 10.52 % -- 2:1 --
5 2072/2073 20 % 1.05 % 21.05 % 2017-06-19 2:1 --
6 2071/2072 15 % 0.79 % 15.79 % 2016-05-19 1:1 Jun 19, 2017
Company Information
Registered Office
Head Office Location : ANAMNAGAR, KATHMANDU, NEPAL
Email : info@necoinsurance.com.np
Phone : 4770127, 4770238, 4770462, 4770583, 4770595
Website : http://www.necoinsurance.com.np
Registered At :
Share Registrar ( RTS )
Name : Neco Insurance Co. Ltd.
Email : info@necoinsurance.com.np
Phone : 4770127, 4770238, 4770462, 4770583, 4770595
Address : ANAMNAGAR, KATHMANDU, NEPAL
Website : http://www.necoinsurance.com.np
Management
Name Designation
Mr. Ashok Kumar Khadka Chief Executive Officer
Mr. Ramesh Kumar Niraula Chairperson
Mr.Keshab Prasad Lamsal Director
Mr. Bhanubhakta Pokhrel Director
Mr. Tirtha Raj Parajuli Director
Mr. Rohit Kumar Bhattarai Independent Director
Mr. Ananda Nepal Director
Mr. Dhurbachandra Gautam Director
About Company

Neco Insurance Co. Ltd.

Neco Insurance Ltd. is a limited liability company registered under the Companies Act, 2021 BS. It was established on 1stPoush, 2051(16th December, 1994). It has been operating general insurance business in Nepal since 17thJestha, 2053 (30th May, 1996) as per the license granted by Insurance Board of Nepal. The registered office of the company is at Anamnagar, Kathmandu and it is operating its business through 27service outlets nationwide.Neco Insurance enjoys a reputation of expertise,stability and strength. Our competitive edge,extensive range of products,wide network,claim servicing capabilities and the ability to provide all possible general insurance solutions under one roof, makes us the most preferred partner for our valued customers. Neco Insurance has been known in the market as being innovative and having a well-established relationship with the various reinsurance markets of the world.

Strategic Objectives

The main objectives of the company are:

To “Make A Visible DIFFERENCE” in insurance market by providing best general insurance servicesnation-wide.

To be the first and final choice of customers of every business segment of the country.

To ensure that all stakeholders achieve a long-term, competitive and stable return.

Capital Structure

The authorized capital of the company is NPR 2000 million. The current paid up and issued capital of the company is NRs. 1,176,278,400.

The shareholding patterns of the company is as under:

Promoters Holding: 60%

Public Holding: 40%

The company is promoted by mainly renowned institutions of the country. Thus, the credibility of the company is not comparable with others in insurance market.

The major promoters of the company are as under:

Rastriya Banijya Bank Ltd.(RBB) - Holds 20% of total share

Mahto Group: Holds 20.24% of total share

Vinayak Group:Holds 12.94% of total share

Fund Management Company Ltd: Holds 4.51% of total share