New India Assurance Company Ltd

New India Assura Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

New India Assurance Company Ltd

₹ 214 4.26%
20 Dec - close price
newindia.co.in BSE: 540769 NSE: NIACL
About

New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake.

It was established by Sir Dorabji Tata in 1919 and was nationalised in 1973. Post nationalisation, it became one of 4 subsidiaries of General Insurance Company of India (GIC) but gained autonomy after GIC became a re-insurance company in 1999.[1]

Key Points

Ratios (FY22)
Incurred Claims Ratio - 84%
Commission Ratio - 9%
Expense Ratio - 20%[1]
Adj. Combined Ratio - 97%
Solvency Ratio - 213%[2]
Net Retention Ratio - 81.4%[3]

Website BSE NSE
  • Market Cap ₹ 35,284 Cr.
  • Current Price ₹ 214
  • High / Low ₹ 325 / 169
  • Stock P/E 25.9
  • Book Value ₹ 185
  • Dividend Yield 0.96 %
  • ROCE 0.56 %
  • ROE 1.19 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.16 times its book value
  • Company has been maintaining a healthy dividend payout of 19.5%

Cons

  • The company has delivered a poor sales growth of 9.57% over past five years.
  • Company has a low return on equity of 0.36% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Insurance Industry: Finance & Investments

Part of Nifty 500 Multicap 50:25:25 BSE MidCap BSE CPSE BSE Allcap BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
9,682 9,468 8,504 8,595 11,590 10,558 10,182 9,900 10,567 11,366 11,686 10,418 10,786
9,579 8,875 9,234 8,436 11,556 9,668 10,073 9,557 10,813 10,500 11,252 10,148 10,646
Operating Profit 103 593 -729 158 33 891 109 343 -246 866 434 270 140
OPM % 1% 6% -9% 2% 0% 8% 1% 3% -2% 8% 4% 3% 1%
33 1 59 3 4 17 41 -25 4 0 36 2 1
Interest -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax 136 595 -670 161 38 908 150 318 -242 866 470 272 141
Tax % 2% 17% -18% 19% -12% 18% 4% 16% -19% 18% 34% 14% 48%
146 504 -554 137 53 736 124 261 -175 722 313 243 91
EPS in Rs 0.88 3.05 -3.35 0.81 0.31 4.47 0.77 1.58 -1.07 4.38 1.89 1.45 0.54
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
9,599 10,994 13,354 15,215 20,234 19,798 27,660 28,343 33,066 35,821 41,007 43,676 44,256
12,297 14,403 17,107 18,195 20,692 24,590 27,944 29,406 30,931 35,644 39,728 42,213 42,545
Operating Profit -2,698 -3,409 -3,753 -2,980 -458 -4,793 -284 -1,063 2,136 177 1,279 1,462 1,710
OPM % -28% -31% -28% -20% -2% -24% -1% -4% 6% 0% 3% 3% 4%
3,826 4,392 5,487 4,063 1,704 7,601 1,050 2,816 27 87 60 9 39
Interest 3 2 3 4 6 12 -0 -0 -0 -0 -0 -0 0
Depreciation 43 38 28 34 47 74 90 93 103 87 82 59 0
Profit before tax 1,082 943 1,703 1,045 1,194 2,722 677 1,659 2,060 178 1,256 1,412 1,749
Tax % 16% 15% 19% 11% 14% 20% 11% 13% 21% -0% 16% 23%
928 830 1,412 959 1,050 2,190 610 1,447 1,645 198 1,050 1,120 1,368
EPS in Rs 22.92 20.75 35.40 24.03 26.15 13.29 3.67 8.75 9.95 1.18 6.36 6.77 8.26
Dividend Payout % 19% 27% 21% 26% 30% 33% 41% -0% -0% 25% 5% 28%
Compounded Sales Growth
10 Years: 15%
5 Years: 10%
3 Years: 10%
TTM: 7%
Compounded Profit Growth
10 Years: 16%
5 Years: 25%
3 Years: -42%
TTM: 44%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 16%
1 Year: -2%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 0%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 200 200 200 200 200 412 824 824 824 824 824 824 824
Reserves 15,285 17,387 20,035 19,426 20,484 24,228 23,303 20,721 24,732 24,981 25,040 27,472 29,669
-0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
31,159 36,791 42,726 44,780 49,473 51,094 56,426 55,707 66,914 70,691 72,359 79,829 80,870
Total Liabilities 46,644 54,379 62,961 64,407 70,157 75,734 80,553 77,252 92,470 96,496 98,223 108,125 111,364
212 223 302 350 399 560 561 558 547 563 564 471 486
CWIP -0 20 -0 15 57 33 45 25 16 18 14 20 -0
Investments 31,566 35,711 45,365 44,972 51,907 56,024 59,801 52,029 67,025 71,319 74,360 82,069 88,185
14,866 18,424 17,293 19,069 17,795 19,117 20,147 24,640 24,883 24,597 23,285 25,565 22,693
Total Assets 46,644 54,379 62,961 64,407 70,157 75,734 80,553 77,252 92,470 96,496 98,223 108,125 111,364

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
847 -1,605 -124 425 -1,334 -967 777 -4,052 -5,855 -4,672
-1,345 741 1,340 -494 2,337 2,825 -334 4,900 5,701 6,908
-208 -366 -307 1,125 -476 -300 77 -6 -65 -326
Net Cash Flow -706 -1,229 910 1,056 527 1,558 520 842 -219 1,910

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Inventory Days
Days Payable
Cash Conversion Cycle -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Working Capital Days -544 -568 -549 -533 -447 -506 -421 -486 -471 -469 -436 -435
ROCE % -1% 1% -2% 3% 2% -1% 7% 9% 1% -2% 1%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
85.44% 85.44% 85.44% 85.44% 85.44% 85.44% 85.44% 85.44% 85.44% 85.44% 85.44% 85.44%
0.58% 0.58% 0.60% 0.60% 0.62% 0.65% 0.66% 0.69% 0.77% 0.81% 0.80% 0.86%
12.57% 12.42% 12.16% 11.90% 11.92% 11.93% 11.93% 11.93% 11.71% 11.76% 11.64% 11.28%
1.41% 1.56% 1.80% 2.06% 2.02% 1.98% 1.97% 1.94% 2.09% 1.98% 2.12% 2.43%
No. of Shareholders 1,24,3551,28,2011,31,1471,34,0771,32,7991,32,2021,29,6911,27,0311,26,3661,41,7341,50,9831,56,767

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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