New India Assurance Company Ltd
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]
- Market Cap ₹ 31,449 Cr.
- Current Price ₹ 191
- High / Low ₹ 278 / 135
- Stock P/E 26.3
- Book Value ₹ 0.00
- Dividend Yield 0.94 %
- ROCE 3.56 %
- ROE 3.62 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 22.0%
Cons
- The company has delivered a poor sales growth of 8.98% over past five years.
- Company has a low return on equity of 1.37% over last 3 years.
- Earnings include an other income of Rs.288 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.
Peer comparison
Financial Services Financial Services Insurance General Insurance
Part of BSE 500 BSE PSU Nifty 500 BSE MidCap BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10,994 | 13,354 | 15,215 | 20,234 | 19,798 | 27,660 | 28,343 | 33,066 | 35,821 | 41,007 | 43,676 | 43,571 | 44,872 | |
14,403 | 17,107 | 18,195 | 20,692 | 24,590 | 27,944 | 29,406 | 30,931 | 35,644 | 39,728 | 42,213 | 42,641 | 44,019 | |
Operating Profit | -3,409 | -3,753 | -2,980 | -458 | -4,793 | -284 | -1,063 | 2,136 | 177 | 1,279 | 1,462 | 930 | 853 |
OPM % | -31% | -28% | -20% | -2% | -24% | -1% | -4% | 6% | 0% | 3% | 3% | 2% | 2% |
4,392 | 5,487 | 4,063 | 1,704 | 7,601 | 1,050 | 2,816 | 27 | 87 | 60 | 9 | 93 | 288 | |
Interest | 2 | 3 | 4 | 6 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 38 | 28 | 34 | 47 | 74 | 90 | 93 | 103 | 87 | 82 | 59 | 0 | 0 |
Profit before tax | 943 | 1,703 | 1,045 | 1,194 | 2,722 | 677 | 1,659 | 2,060 | 178 | 1,256 | 1,412 | 1,022 | 1,142 |
Tax % | 15% | 19% | 11% | 14% | 20% | 11% | 13% | 21% | -0% | 16% | 23% | 5% | |
830 | 1,412 | 959 | 1,050 | 2,190 | 610 | 1,447 | 1,645 | 198 | 1,050 | 1,120 | 1,038 | 1,197 | |
EPS in Rs | 20.75 | 35.40 | 24.03 | 26.15 | 13.29 | 3.67 | 8.75 | 9.95 | 1.18 | 6.36 | 6.77 | 6.29 | 7.27 |
Dividend Payout % | 27% | 21% | 26% | 30% | 33% | 41% | 0% | 0% | 25% | 5% | 28% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 7% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | -6% |
3 Years: | 73% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 29% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 2% |
3 Years: | 1% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 200 | 200 | 200 | 200 | 412 | 824 | 824 | 824 | 824 | 824 | 824 | 824 |
Reserves | 17,387 | 20,035 | 19,426 | 20,484 | 24,228 | 23,303 | 20,721 | 24,732 | 24,981 | 25,040 | 27,472 | 28,171 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
36,791 | 42,726 | 44,780 | 49,473 | 51,094 | 56,426 | 55,707 | 66,914 | 70,691 | 72,359 | 79,829 | 80,776 | |
Total Liabilities | 54,379 | 62,961 | 64,407 | 70,157 | 75,734 | 80,553 | 77,252 | 92,470 | 96,496 | 98,223 | 108,125 | 109,771 |
223 | 302 | 350 | 399 | 560 | 561 | 558 | 547 | 563 | 564 | 471 | 538 | |
CWIP | 20 | 0 | 15 | 57 | 33 | 45 | 25 | 16 | 18 | 14 | 20 | 0 |
Investments | 35,711 | 45,365 | 44,972 | 51,907 | 56,024 | 59,801 | 52,029 | 67,025 | 71,319 | 74,360 | 82,069 | 80,942 |
18,424 | 17,293 | 19,069 | 17,795 | 19,117 | 20,147 | 24,640 | 24,883 | 24,597 | 23,285 | 25,565 | 28,290 | |
Total Assets | 54,379 | 62,961 | 64,407 | 70,157 | 75,734 | 80,553 | 77,252 | 92,470 | 96,496 | 98,223 | 108,125 | 109,771 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
847 | -1,605 | -124 | 425 | -1,334 | -967 | 777 | -4,052 | -5,855 | -4,672 | -3,390 | ||
-1,345 | 741 | 1,340 | -494 | 2,337 | 2,825 | -334 | 4,900 | 5,701 | 6,908 | 4,691 | ||
-208 | -366 | -307 | 1,125 | -476 | -300 | 77 | -6 | -65 | -326 | -343 | ||
Net Cash Flow | -706 | -1,229 | 910 | 1,056 | 527 | 1,558 | 520 | 842 | -219 | 1,910 | 958 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | -568 | -549 | -533 | -447 | -506 | -421 | -486 | -471 | -469 | -436 | -435 | -466 |
ROCE % | -1% | 1% | -2% | 3% | 2% | -1% | 7% | 9% | 1% | -2% | 1% | 4% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Aug - New India Assurance Q1 FY26: 13.3K Cr premium, 391 Cr PAT, 15.27% growth, stable combined ratio, credit rating affirmed.
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Increase In Volume
31 Jul - Company clarifies no undisclosed info causing recent volume increase in shares.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Jul - Audio/video link of July 30, 2025 investor/analyst meet shared by New India Assurance.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Jul - Investor Presentation for the quarter ended 30.06.2025
- Financial Results For The Quarter Ended 30.06.2025 29 Jul
Annual reports
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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
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Financial Year 2005
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Financial Year 2004
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Concalls
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Aug 2025Transcript PPT
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Feb 2024Transcript PPT REC
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Dec 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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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.