New India Assurance Company Ltd
₹ 175
-1.86%
17 Jul
- close price
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
- Market Cap ₹ 28,810 Cr.
- Current Price ₹ 175
- High / Low ₹ 218 / 117
- Stock P/E 20.8
- Book Value ₹ 167
- Dividend Yield 0.86 %
- ROCE 4.55 %
- ROE 4.99 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 1.05 times its book value
- Company has been maintaining a healthy dividend payout of 26.0%
Cons
- The company has delivered a poor sales growth of 8.59% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.25% over last 3 years.
- Earnings include an other income of Rs.888 Cr.
* 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Upcoming result date: 24 July 2026
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,235 | 15,104 | 19,320 | 19,692 | 27,514 | 30,523 | 32,831 | 35,642 | 40,801 | 40,558 | 43,362 | 49,561 | |
| 15,516 | 18,062 | 19,844 | 24,464 | 27,832 | 28,852 | 30,797 | 35,489 | 39,539 | 39,244 | 42,362 | 49,109 | |
| Operating Profit | -2,281 | -2,958 | -524 | -4,773 | -318 | 1,671 | 2,034 | 153 | 1,262 | 1,314 | 999 | 452 |
| OPM % | -17% | -20% | -3% | -24% | -1% | 5% | 6% | 0% | 3% | 3% | 2% | 1% |
| 4,004 | 4,031 | 1,738 | 7,579 | 1,051 | 58 | 102 | 90 | 61 | 188 | 84 | 888 | |
| Interest | 3 | 3 | 5 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 24 | 32 | 45 | 72 | 87 | 91 | 98 | 83 | 78 | 57 | 49 | 79 |
| Profit before tax | 1,695 | 1,037 | 1,164 | 2,725 | 645 | 1,639 | 2,037 | 160 | 1,245 | 1,445 | 1,034 | 1,261 |
| Tax % | 19% | 10% | 13% | 19% | 10% | 13% | 21% | -3% | 15% | 22% | 4% | -10% |
| 1,374 | 935 | 1,008 | 2,201 | 580 | 1,418 | 1,605 | 164 | 1,055 | 1,129 | 988 | 1,384 | |
| EPS in Rs | 34.36 | 23.36 | 25.20 | 13.36 | 3.52 | 8.60 | 9.74 | 1.00 | 6.40 | 6.85 | 6.00 | 8.40 |
| Dividend Payout % | 22% | 27% | 31% | 33% | 43% | 0% | 0% | 30% | 30% | 30% | 30% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 9% |
| 3 Years: | 7% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | -3% |
| 3 Years: | 9% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 15% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 200 | 200 | 200 | 412 | 824 | 824 | 824 | 824 | 824 | 824 | 824 | 824 |
| Reserves | 19,557 | 18,910 | 19,951 | 23,738 | 22,639 | 20,013 | 23,921 | 24,139 | 24,821 | 27,159 | 27,298 | 26,694 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 42,383 | 44,495 | 49,180 | 50,756 | 56,195 | 55,503 | 66,675 | 70,387 | 71,369 | 78,523 | 80,762 | 81,456 | |
| Total Liabilities | 62,140 | 63,605 | 69,331 | 74,906 | 79,658 | 76,340 | 91,420 | 95,350 | 97,013 | 106,506 | 108,884 | 108,974 |
| 199 | 243 | 2,004 | 479 | 474 | 466 | 407 | 421 | 418 | 400 | 462 | 436 | |
| CWIP | 0 | 15 | 57 | 33 | 45 | 25 | 16 | 17 | 13 | 18 | 3 | 10 |
| Investments | 44,958 | 44,546 | 49,734 | 55,538 | 59,190 | 51,379 | 66,358 | 70,559 | 73,511 | 81,311 | 80,053 | 77,054 |
| 16,983 | 18,801 | 17,537 | 18,856 | 19,949 | 24,470 | 24,639 | 24,352 | 23,071 | 24,777 | 28,366 | 31,474 | |
| Total Assets | 62,140 | 63,605 | 69,331 | 74,906 | 79,658 | 76,340 | 91,420 | 95,350 | 97,013 | 106,506 | 108,884 | 108,974 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 867 | -1,558 | -155 | 455 | -1,274 | -966 | 751 | -4,065 | -5,846 | -4,678 | -3,429 | -4,562 | |
| -1,324 | 751 | 1,393 | -580 | 2,331 | 2,830 | -250 | 4,870 | 5,672 | 7,252 | 3,321 | 2,066 | |
| -257 | -360 | -302 | 1,128 | -474 | -298 | 10 | 0 | -49 | -318 | -339 | -297 | |
| Net Cash Flow | -715 | -1,167 | 936 | 1,002 | 584 | 1,567 | 511 | 805 | -223 | 2,256 | -448 | -2,793 |
| Free Cash Flow | 818 | -1,634 | -308 | 240 | -1,373 | -1,030 | 703 | -4,156 | -5,915 | -4,726 | -3,534 | -4,625 |
| CFO/OP | -38% | 53% | 30% | -10% | 258% | -42% | 58% | -2,757% | -435% | -330% | -315% | -1,035% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 120 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 120 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -554 | -535 | -466 | -506 | -422 | -450 | -473 | -470 | -437 | -467 | -467 | -441 |
| ROCE % | 1% | -2% | 3% | 2% | -2% | 7% | 9% | 1% | 5% | 5% | 4% | 5% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Documents
Announcements
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Closure of Trading Window
1d - Trading window closed from 1 July 2026 to 26 July 2026 before Q1 results board meeting.
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Board Meeting Intimation for Notice Of The Board Meeting To Be Held On 24 July 2026.
1d - Board meeting on 24 July 2026 to approve Q1 FY27 unaudited financial results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Jul - PFA the extract of newspaper publication- Submission of notice to equity shareholders of the company regarding transfer of equity shares of the company to IEPF …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Submitted Regulation 74(5) depository certificate for quarter ended 30 June 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jul - PFA the Newspaper advertisement intimating about the 107th AGM of the company to be held on 27th July, 2026 at 11.30 am.
Annual reports
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Financial Year 2026
from bse
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
from bse
Concalls
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May 2026TranscriptPPT REC
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Feb 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptPPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Dec 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptPPT
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Jun 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptPPT
Leading Insurance Company[1]
The company is the largest general insurer in India, consistently leading the market by gross direct premium. It held a 12.6% market share in FY25, which increased to 15.5% in Q1FY26. As of Q1FY26, the company’s AUM stood at 1,00,802 Crs, up from 98,045 Crs as of FY25.