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

₹ 225 1.58%
23 Apr - 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 ₹ 37,039 Cr.
  • Current Price ₹ 225
  • High / Low ₹ 325 / 103
  • Stock P/E 39.8
  • Book Value ₹ 160
  • Dividend Yield 0.86 %
  • ROCE 4.94 %
  • ROE 4.19 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.1%

Cons

  • Company has a low return on equity of 3.89% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8,557 9,157 8,069 9,633 9,430 8,460 8,542 11,541 10,504 10,132 9,840 10,517 11,318
7,896 8,909 7,969 9,536 8,846 9,178 8,398 11,522 9,607 10,013 9,504 10,777 10,449
Operating Profit 661 249 99 96 584 -717 144 19 896 118 336 -260 869
OPM % 8% 3% 1% 1% 6% -8% 2% 0% 9% 1% 3% -2% 8%
1 86 2 33 4 59 4 5 18 41 -25 6 0
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 662 335 102 129 587 -658 148 24 914 159 311 -254 869
Tax % 21% 28% 12% 1% 16% 17% 20% -42% 18% 3% 16% 21% 18%
521 241 89 127 491 -543 118 33 749 155 260 -200 715
EPS in Rs 3.16 1.46 0.54 0.77 2.98 -3.30 0.72 0.20 4.54 0.94 1.58 -1.21 4.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7,875 9,478 10,869 13,235 15,104 19,320 19,692 27,514 30,523 32,831 35,642 40,801 41,806
9,973 11,215 13,151 15,516 18,062 19,844 24,464 27,832 28,852 30,797 35,489 39,539 40,743
Operating Profit -2,099 -1,736 -2,282 -2,281 -2,958 -524 -4,773 -318 1,671 2,034 153 1,262 1,063
OPM % -27% -18% -21% -17% -20% -3% -24% -1% 5% 6% 0% 3% 3%
2,337 2,814 3,241 4,004 4,031 1,738 7,579 1,051 58 102 90 61 22
Interest 7 3 2 3 3 5 9 0 0 0 0 0 0
Depreciation 77 37 33 24 32 45 72 87 91 98 83 78 0
Profit before tax 155 1,038 923 1,695 1,037 1,164 2,725 645 1,639 2,037 160 1,245 1,085
Tax % -16% 15% 14% 19% 10% 13% 19% 10% 13% 21% -3% 15%
179 883 797 1,374 935 1,008 2,201 580 1,418 1,605 164 1,055 930
EPS in Rs 4.48 22.08 19.93 34.36 23.36 25.20 13.36 3.52 8.60 9.74 1.00 6.40 5.65
Dividend Payout % 22% 19% 28% 22% 27% 31% 33% 43% 0% 0% 30% 30%
Compounded Sales Growth
10 Years: 16%
5 Years: 16%
3 Years: 10%
TTM: 7%
Compounded Profit Growth
10 Years: 34%
5 Years: 26%
3 Years: -9%
TTM: 161%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 15%
1 Year: 118%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 200 200 200 200 200 200 412 824 824 824 824 824 824
Reserves 7,531 14,899 16,889 19,557 18,910 19,951 23,738 22,639 20,013 23,921 24,139 24,821 25,469
0 0 0 0 0 0 0 0 0 0 0 0 0
34,534 30,828 36,509 42,383 44,495 49,180 50,756 56,195 55,503 66,675 70,387 71,369 74,739
Total Liabilities 42,266 45,927 53,597 62,140 63,605 69,331 74,906 79,658 76,340 91,420 95,350 97,013 101,032
155 152 158 199 243 2,004 479 474 466 407 421 418 417
CWIP 0 0 20 0 15 57 33 45 25 16 17 13 0
Investments 28,203 31,274 35,350 44,958 44,546 49,734 55,538 59,190 51,379 66,358 70,559 73,511 78,228
13,908 14,500 18,070 16,983 18,801 17,537 18,856 19,949 24,470 24,639 24,352 23,071 22,387
Total Assets 42,266 45,927 53,597 62,140 63,605 69,331 74,906 79,658 76,340 91,420 95,350 97,013 101,032

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
867 -1,558 -155 455 -1,274 -966 751 -4,065 -5,846
-1,324 751 1,393 -580 2,331 2,830 -250 4,870 5,672
-257 -360 -302 1,128 -474 -298 10 0 -49
Net Cash Flow -715 -1,167 936 1,002 584 1,567 511 805 -223

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0 120 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 120 0 0 0 0 0 0
Working Capital Days -582 -565 -576 -554 -535 -466 -506 -422 -450 -473 -470 -437
ROCE % -8% 1% -1% 1% -2% 3% 2% -2% 7% 9% 1% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
0.02% 0.43% 0.58% 0.58% 0.60% 0.60% 0.62% 0.65% 0.66% 0.69% 0.77% 0.81%
13.07% 12.81% 12.57% 12.42% 12.16% 11.90% 11.92% 11.93% 11.93% 11.93% 11.71% 11.76%
1.48% 1.32% 1.41% 1.56% 1.80% 2.06% 2.02% 1.98% 1.97% 1.94% 2.09% 1.98%
No. of Shareholders 1,31,3401,25,3611,24,3551,28,2011,31,1471,34,0771,32,7991,32,2021,29,6911,27,0311,26,3661,41,734

* 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.

Documents

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DRHP

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