New India Assurance Company Ltd
₹ 182
-1.63%
29 Jun
12:48 p.m.
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 ₹ 29,911 Cr.
- Current Price ₹ 182
- High / Low ₹ 218 / 117
- Stock P/E 21.2
- Book Value ₹ 210
- Dividend Yield 0.83 %
- ROCE 3.87 %
- ROE 4.44 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.87 times its book value
- Company has been maintaining a healthy dividend payout of 26.7%
Cons
- The company has delivered a poor sales growth of 8.53% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.08% over last 3 years.
- Earnings include an other income of Rs.892 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,354 | 15,215 | 20,234 | 19,798 | 27,660 | 28,343 | 33,066 | 35,821 | 41,007 | 43,285 | 43,354 | 49,782 | |
| 17,107 | 18,195 | 20,692 | 24,590 | 27,944 | 29,406 | 30,931 | 35,644 | 39,728 | 42,017 | 42,552 | 49,441 | |
| Operating Profit | -3,753 | -2,980 | -458 | -4,793 | -284 | -1,063 | 2,136 | 177 | 1,279 | 1,268 | 802 | 341 |
| OPM % | -28% | -20% | -2% | -24% | -1% | -4% | 6% | 0% | 3% | 3% | 2% | 1% |
| 5,487 | 4,063 | 1,704 | 7,601 | 1,050 | 2,816 | 27 | 87 | 60 | 203 | 272 | 892 | |
| Interest | 3 | 4 | 6 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 28 | 34 | 47 | 74 | 90 | 93 | 103 | 87 | 82 | 59 | 51 | 0 |
| Profit before tax | 1,703 | 1,045 | 1,194 | 2,722 | 677 | 1,659 | 2,060 | 178 | 1,256 | 1,412 | 1,022 | 1,233 |
| Tax % | 19% | 11% | 14% | 20% | 11% | 13% | 21% | -0% | 16% | 23% | 5% | -10% |
| 1,412 | 959 | 1,050 | 2,190 | 610 | 1,447 | 1,645 | 198 | 1,050 | 1,120 | 1,038 | 1,417 | |
| EPS in Rs | 35.40 | 24.03 | 26.15 | 13.29 | 3.67 | 8.75 | 9.95 | 1.18 | 6.36 | 6.77 | 6.29 | 8.57 |
| Dividend Payout % | 21% | 26% | 30% | 33% | 41% | 0% | 0% | 25% | 5% | 30% | 29% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 9% |
| 3 Years: | 7% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | -3% |
| 3 Years: | 99% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 16% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 20,035 | 19,426 | 20,484 | 24,228 | 23,303 | 20,721 | 24,732 | 24,981 | 25,040 | 27,472 | 28,171 | 33,812 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 42,726 | 44,780 | 49,473 | 51,094 | 56,426 | 55,707 | 66,914 | 70,691 | 72,359 | 79,150 | 80,776 | 75,713 | |
| Total Liabilities | 62,961 | 64,407 | 70,157 | 75,734 | 80,553 | 77,252 | 92,470 | 96,496 | 98,223 | 107,446 | 109,771 | 110,349 |
| 302 | 350 | 399 | 560 | 561 | 558 | 547 | 563 | 564 | 471 | 533 | 526 | |
| CWIP | 0 | 15 | 57 | 33 | 45 | 25 | 16 | 18 | 14 | 20 | 6 | 0 |
| Investments | 45,365 | 44,972 | 51,907 | 56,024 | 59,801 | 52,029 | 67,025 | 71,319 | 74,360 | 82,069 | 80,942 | 78,166 |
| 17,293 | 19,069 | 17,795 | 19,117 | 20,147 | 24,640 | 24,883 | 24,597 | 23,285 | 24,886 | 28,290 | 31,657 | |
| Total Assets | 62,961 | 64,407 | 70,157 | 75,734 | 80,553 | 77,252 | 92,470 | 96,496 | 98,223 | 107,446 | 109,771 | 110,349 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 847 | -1,605 | -124 | 425 | -1,334 | -967 | 777 | -4,052 | -5,855 | -4,672 | -3,390 | -4,532 | |
| -1,345 | 741 | 1,340 | -494 | 2,337 | 2,825 | -334 | 4,900 | 5,701 | 7,203 | 4,966 | 1,835 | |
| -208 | -366 | -307 | 1,125 | -476 | -300 | 77 | -6 | -65 | -326 | -343 | -297 | |
| Net Cash Flow | -706 | -1,229 | 910 | 1,056 | 527 | 1,558 | 520 | 842 | -219 | 2,206 | 1,234 | -2,994 |
| Free Cash Flow | 795 | -1,683 | -277 | 208 | -1,436 | -1,033 | 728 | -4,148 | -5,928 | -4,723 | -3,496 | -4,597 |
| CFO/OP | -23% | 54% | 27% | -9% | 310% | 66% | 57% | -2,381% | -430% | -341% | -388% | -1,364% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 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 | -549 | -533 | -447 | -506 | -421 | -486 | -471 | -469 | -436 | -439 | -468 | -440 |
| ROCE % | 1% | -2% | 3% | 2% | -1% | 7% | 9% | 1% | -2% | 5% | 4% | 4% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solvency Ratio ratio |
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| Market Share (Based on Gross Direct Premium Income) % ・Standalone data |
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| Net Incurred Claims Ratio (ICR) % |
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| Number of Offices (India) count ・Standalone data |
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| Combined Ratio % |
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Documents
Announcements
- Fixing Of Record Date 25 Jun
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 25Th June, 2O26
25 Jun - Board revised FY2025-26 dividend record date to 10 July 2026 from 4 September 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
25 Jun - Mr. Hari Har Mishra appointed Government Nominee Director on board, effective June 25, 2026.
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Clarification On Price Movement
23 Jun - Company clarified no undisclosed information affecting price or volume.
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Clarification sought from The New India Assurance Company Ltd
22 Jun - Exchange has sought clarification from The New India Assurance Company Ltd on June 22, 2026 with reference to significant movement in price, in order to …
Annual reports
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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
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Financial Year 2005
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Concalls
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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.