New India Assurance Company Ltd

₹ 202 13.23%

19 Jun - 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

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.

Website BSE NSE

Market Cap ₹ 33,341 Cr.
Current Price ₹ 202
High / Low ₹ 215 / 117
Stock P/E 23.6
Book Value ₹ 210
Dividend Yield 0.89 %
ROCE 3.87 %
ROE 4.44 %
Face Value ₹ 5.00

Add ratio to table

Edit ratios

Pros

Company is almost debt free.
Stock is trading at 0.96 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.

Peer comparison

Financial Services Financial Services Insurance General Insurance

Part of BSE 500 BSE PSU Nifty 500 BSE Financial Services BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index BSE Enhanced Value Index Nifty LargeMidcap 250 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty Total Market BSE Capital Markets & Insurance Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	10,182	9,900	10,567	11,366	11,686	10,418	10,786	10,703	11,664	11,719	13,450	12,069	12,544
	10,073	9,557	10,813	10,500	11,252	10,148	10,646	10,605	11,239	11,530	13,524	11,863	12,525
Operating Profit	109	343	-246	866	434	270	140	98	426	189	-74	206	19
OPM %	1%	3%	-2%	8%	4%	3%	1%	1%	4%	2%	-1%	2%	0%
	41	-25	4	0	36	2	1	9	77	202	98	166	427
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	150	318	-242	866	470	272	141	107	502	391	23	372	446
Tax %	4%	16%	-19%	18%	34%	14%	48%	-221%	36%	-0%	14%	-1%	-26%
	124	261	-175	722	313	243	91	349	356	402	55	380	580
EPS in Rs	0.77	1.58	-1.07	4.38	1.89	1.45	0.54	2.12	2.18	2.43	0.33	2.31	3.51
Raw PDF

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:	3%
3 Years:	19%
1 Year:	9%

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

x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
				xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx

Please log in to see hidden values.

Market Share (Based on Gross Direct Premium Income)
% ・Standalone data

Net Incurred Claims Ratio (ICR)
%

Number of Offices (India)
count ・Standalone data

Combined Ratio
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%
	0.66%	0.69%	0.77%	0.81%	0.80%	0.86%	0.84%	0.91%	1.01%	1.01%	1.00%	1.01%
	11.93%	11.93%	11.71%	11.76%	11.64%	11.28%	11.18%	11.20%	11.18%	11.18%	11.15%	11.17%
	1.97%	1.94%	2.09%	1.98%	2.12%	2.43%	2.55%	2.45%	2.37%	2.37%	2.40%	2.39%
No. of Shareholders	1,29,691	1,27,031	1,26,366	1,41,734	1,50,983	1,56,767	1,62,803	1,62,144	1,58,078	1,61,809	1,58,818	1,55,586

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%
	0.13%	0.09%	0.11%	0.03%	0.58%	0.65%	0.81%	0.91%	1.01%
	13.43%	13.50%	13.42%	13.19%	12.42%	11.93%	11.76%	11.20%	11.17%
	1.00%	0.98%	1.04%	1.34%	1.56%	1.98%	1.98%	2.45%	2.39%
No. of Shareholders	1,00,102	97,581	1,01,204	1,18,684	1,28,201	1,32,202	1,41,734	1,62,144	1,55,586

* 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

Announcements

All

Annual reports

DRHP

Credit ratings

Concalls

May 2026

Transcript
PPT REC
Feb 2026
Transcript PPT
Feb 2026

Transcript

AI Summary
PPT
Jan 2026

Transcript

AI Summary
PPT
Nov 2025

Transcript
PPT REC
Aug 2025
Transcript PPT
May 2025
Transcript PPT
Jan 2025
Transcript PPT
Nov 2024
Transcript PPT
Aug 2024
Transcript
PPT
May 2024
Transcript PPT
Feb 2024
Transcript PPT REC
Dec 2023
Transcript PPT
Aug 2023
Transcript PPT
Aug 2023

Transcript

AI Summary
PPT
Jun 2023
Transcript
PPT
Jun 2023
Transcript PPT
May 2023

Transcript

AI Summary
PPT
Feb 2023
Transcript PPT
Feb 2023

Transcript

AI Summary
PPT
Nov 2022

Transcript

AI Summary
PPT
Aug 2022

Transcript

AI Summary
PPT
May 2022

Transcript

AI Summary
PPT
Feb 2022

Transcript

AI Summary
PPT
Nov 2021

Transcript

AI Summary
PPT
Aug 2021

Transcript

AI Summary
PPT
Jun 2021

Transcript

AI Summary
PPT
Jun 2021

Transcript

AI Summary
PPT
Feb 2021

Transcript

AI Summary
PPT
Nov 2020

Transcript

AI Summary
PPT
Oct 2020

Transcript

AI Summary
PPT
Aug 2020

Transcript

AI Summary
PPT
Jul 2020

Transcript

AI Summary
PPT
Feb 2020

Transcript

AI Summary
PPT
Feb 2020

Transcript

AI Summary
PPT
Nov 2019

Transcript

AI Summary
PPT
May 2019

Transcript

AI Summary
PPT
Feb 2019

Transcript

AI Summary
PPT
Nov 2018

Transcript

AI Summary
PPT
Feb 2018

Transcript

AI Summary
PPT
Nov 2017
Transcript
PPT