New India Assurance Company Ltd
NIACLNew India Assurance Company Ltd
NIACL
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 20.65 | 0.99 | 1.13% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.14 | 2.38 | 1.01% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The New India Assurance Co Ltd is an India-based government owned multinational general insurance company whose products include Personal Insurance, Commercial Insurance, Industrial Insurance, Liability Insurance and Social Insurance
Peers
Compare with peersLife Insurance Corporation Of India
Bajaj Finserv Ltd
SBI Life Insurance Company Ltd
HDFC Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 19,277.71 | 22,008.58 | 25,121.26 | 27,702.53 | 31,160.82 | 33,095.49 | 35,915.52 | 41,072.51 | 43,690.98 | 44,294.61 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 42,545.48 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 2,451.07 | 2,235.94 | 2,284.15 | 2,919.14 | 2,709.98 | 4,268.10 | 3,000.28 | 3,079.57 | 3,740.91 | |||||||||||
| Selling & Administrative Expenses | 15,666.99 | 18,505.11 | 19,782.72 | 23,489.83 | 25,645.65 | 25,917.67 | 32,203.03 | 36,235.30 | 37,933.19 | |||||||||||
| Operating & Other expenses | 79.81 | 26.28 | 224.61 | 526.90 | 1,052.80 | 747.30 | 447.95 | 419.01 | 545.81 | |||||||||||
EBITDA | 1,079.84 | 1,241.25 | 2,829.78 | 766.66 | 1,752.39 | 2,162.42 | 264.26 | 1,338.63 | 1,471.07 | 1,749.13 | ||||||||||
| Depreciation/Amortization | 34.41 | 46.97 | 74.49 | 89.66 | 93.36 | 102.67 | 86.65 | 82.18 | 58.96 | — | ||||||||||
| PBIT | 1,045.43 | 1,194.28 | 2,755.29 | 677.00 | 1,659.03 | 2,059.75 | 177.61 | 1,256.45 | 1,412.11 | 1,749.13 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 1,045.43 | 1,194.28 | 2,755.29 | 677.00 | 1,659.03 | 2,059.75 | 177.61 | 1,256.45 | 1,412.11 | 1,749.13 | ||||||||||
| Taxes & Other Items | 84.15 | 148.30 | 532.53 | 72.31 | 216.79 | 419.29 | -16.95 | 208.46 | 295.63 | 387.74 | ||||||||||
| Net Income | 961.28 | 1,045.98 | 2,222.76 | 604.69 | 1,442.24 | 1,640.46 | 194.56 | 1,047.99 | 1,116.48 | 1,361.39 | ||||||||||
| EPS | 6.01 | 6.54 | 13.69 | 3.67 | 8.75 | 9.95 | 1.18 | 6.36 | 6.77 | 8.26 | ||||||||||
| DPS | 3.13 | 3.88 | 4.38 | 1.50 | 0.00 | 0.00 | 0.30 | 0.30 | 1.93 | 2.06 | ||||||||||
| Payout ratio | 0.52 | 0.59 | 0.32 | 0.41 | 0.00 | 0.00 | 0.25 | 0.05 | 0.28 | 0.25 |
Company Updates
Peers & Comparison
FinancialsInsurance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| New India Assurance Company Ltd | 25.18 | 0.99 | 1.13% |
| Life Insurance Corporation Of India | 13.63 | 6.73 | 1.13% |
| Bajaj Finserv Ltd | 30.71 | 2.41 | 0.06% |
| SBI Life Insurance Company Ltd | 78.20 | 9.93 | 0.18% |
Price Comparison
Compare NIACL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding New India Assurance Company Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
LIC MF Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0326% | Percentage of the fund’s portfolio invested in the stock 0.60% | Change in the portfolio weight of the stock over the last 3 months -0.33% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 58/71 (0) |
LIC MF Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0256% | Percentage of the fund’s portfolio invested in the stock 0.70% | Change in the portfolio weight of the stock over the last 3 months -0.30% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 77/90 (-13) |
Motilal Oswal Nifty Midcap 150 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0092% | Percentage of the fund’s portfolio invested in the stock 0.14% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 82/170 (-2) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 6, 2024
Dividend/Share
₹2.06
Ex DateEx Date
Sep 6, 2024
Cash Dividend
Ex DateEx DateSep 8, 2023
Dividend/Share
₹1.93
Ex DateEx Date
Sep 8, 2023
Cash Dividend
Ex DateEx DateAug 25, 2022
Dividend/Share
₹0.30
Ex DateEx Date
Aug 25, 2022
Cash Dividend
Ex DateEx DateJul 18, 2019
Dividend/Share
₹1.50
Ex DateEx Date
Jul 18, 2019
Cash Dividend
Ex DateEx DateJun 27, 2018
Dividend/Share
₹5.00
Ex DateEx Date
Jun 27, 2018
However, total income increased 2.51% year on year (YoY) to Rs 10,134.53 crore in second quarter of FY25. Profit before tax stood at Rs 140.75 crore in September 2024 quarter as against pre-tax loss of Rs 241.99 crore posted in same quarter last year. For the quarter ended September 2024, the gross written premium was at Rs 9,701.71 crore, up 2.22% on YoY basis. Net written premium was at Rs 8,113.87 crore in Q2 of FY25, registering a growth of 2.18% compared to Rs 7940.65 crore posted in same period a year ago. On half year basis, the company's net profit spiked 335.57% to Rs 306.38 crore on 4.07% rise in total income to Rs 19,999.82 crore in H1 FY25 over H1 FY24. Commenting on the Q2 result, Girija Subramanian, CMD said, While the premium growth in the first half has been muted, it was a conscious decision to focus on lines with better profitability which led to the company letting go of a few large renewals where premiums were inadequate. It gives me immense satisfaction that the operating metrics have improved, with loss ratio as well as combined ratio being lower than the same period last year with profit after tax showing a 5x increase. The loss ratio of Health line of business has witnessed some improvement but the loss ratio in Motor line of business has increased due to lack of price increase in the Motor Third Party line of business. Net catastrophic losses in H1 FY25 were around Rs 248 crore. Solvency ratio at 1.81 times remains comfortably above the IRDAI mandated control level solvency margin. The competitive intensity in traditional lines remains high and the company will focus on other segments and channels to drive growth. The company expects the profitability trend to improve in the coming quarters. The New India Assurance Company is the largest non-life insurance company in India headquartered at Mumbai and operates in 28 countries.Powered by Capital Market - Live
Net profit of New India Assurance Company reported to Rs 89.70 crore in the quarter ended September 2024 as against net loss of Rs 176.13 crore during the previous quarter ended September 2023. Sales rose 3.91% to Rs 8567.30 crore in the quarter ended September 2024 as against Rs 8245.13 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales8567.308245.13 4 OPM %1.64-2.99 - PBDT140.75-241.99 LP PBT140.75-241.99 LP NP89.70-176.13 LP Powered by Capital Market - Live
Net profit of New India Assurance Company reported to Rs 71.00 crore in the quarter ended September 2024 as against net loss of Rs 199.99 crore during the previous quarter ended September 2023. Sales rose 3.89% to Rs 8525.48 crore in the quarter ended September 2024 as against Rs 8205.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales8525.488205.90 4 OPM %1.55-3.17 - PBDT136.70-254.41 LP PBT136.70-254.41 LP NP71.00-199.99 LP Powered by Capital Market - Live
New India Assurance Company will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live
New India Assurance Company announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2024.Powered by Capital Market - Live
Total income rose 5.71% year on year (YoY) to Rs 9,865.29 crore in the quarter ended 30 June 2024. Consolidated profit before tax stood at Rs 272.09 crore in June 2024 quarter, down 14.38% from Rs 317.80 crore in same quarter last year. For the quarter ended 30 June 2024, the gross written premium was at Rs 1,188 crore, up 3.43% on YoY basis. Net written premium was at Rs 9,630.09 crore in first quarter of FY25, registering a growth of 4.08% compared to same period a year ago. Commenting on the Q1 result, Girija Subramanian, CMD said: 'The gross written premium growth was muted at 3.74% as the company continued to rationalise its portfolio mix, in favour of lines where profitability is better. The incurred claim ratio was impacted by elevated loss ratio in the Motor segment, especially in the Motor third party segment where no premium increase has been notified yet. Health segment loss ratio was adversely impacted by the government business segment which saw higher incurred claims, primarily due to seasonal factors, and this segment should see improved performance going ahead. Other segments performed well. The net worth of the company has increased from 44,704 Cr in March 2024 to 47,703 Cr in June 2024. Going forward, the company will be focusing on the retail segment and better performance can be expected in the coming quarters.' The New India Assurance Company is the largest non-life insurance company in India headquartered at Mumbai and operates in 28 countries. Powered by Capital Market - Live
Net profit of New India Assurance Company declined 8.04% to Rs 239.31 crore in the quarter ended June 2024 as against Rs 260.23 crore during the previous quarter ended June 2023. Sales rose 7.22% to Rs 8547.37 crore in the quarter ended June 2024 as against Rs 7971.44 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales8547.377971.44 7 OPM %3.154.30 - PBDT272.09317.80 -14 PBT272.09317.80 -14 NP239.31260.23 -8 Powered by Capital Market - Live
Stock that will see action today: 6 August 2024
New India Assurance Company will hold a meeting of the Board of Directors of the Company on 8 August 2024Powered by Capital Market - Live
New India Assurance increases premiums on health insurance by 10%
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.54%, vs industry avg of 11.63%
Decreasing Market Share
Over the last 5 years, market share decreased from 3.26% to 2.95%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 13.05%, vs industry avg of 34.38%