Life Insurance Corporation of India

•

licindia.inBSE: 543526NSE: LICI

Market Cap₹ 5,13,590 Cr.

Current Price

High / Low₹ 468 / 361

Stock P/E8.5

Book Value₹ 154

Price to Book2.59

Dividend Yield2.46 %

ROCE37.7 %

ROE37.7 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 80.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 48.9%
Company generates healthy free cash flow
Company has a consistent dividend-paying track record
Attractively priced for its growth - PEG of 0.5

CONS

Company is loss-making at the operating / net level
Operating margins have contracted to -72.0% from 9.8%
Growth is decelerating - 3Y profit CAGR (16.9%) trails the 5Y trend (80.8%)
Company's return on assets is weak at 1.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesInsuranceInsurance

Part ofNIFTY MIDCAP 150 NIFTY 500 NIFTY LARGEMID250 NIFTY TOTAL MKT BSE Enhanced Value Index

S.No.	Name
1.	LICI	406.00	8.55	513589.81	2.46	135866.90	23.98	1276231.60	6.69	37.75	-76.97
2.	SBILIFE	1701.00	65.62	170669.76	0.16	7249.30	21.97	200782.10	16.88	14.15	-127.01
3.	HDFCLIFE	525.00	57.75	114060.92	0.40	611.19	11.46	16727.63	15.05	10.01	-98.79
4.	ICICIGI	1474.00	30.33	73641.45	0.92	4031.70	439.66	59500.40	1058.48	23.62	-10.35
5.	ICICIPRULI	473.50	40.79	68715.29	0.35	623.91	61.94	19180.08	17.17	11.82	79.46
6.	GICRE	344.20	6.80	60386.45	3.85	1743.67	-31.10	11097.77	-1.56	22.43	-10.45
7.	STARHEALTH	575.45	40.12	33872.35	0.00	549.73	109.40	4917.20	24.86	9.70	2.89
8.	NIACL	197.50	42.31	32548.00	0.76	-2391.50	-695.39	97472.80	934.31	5.44	-24.14
9.	GODIGIT	250.55	47.07	23179.50	0.00	86.39	-37.55	2006.96	7.61	13.56	-15.23
10.	NIVABUPA	79.44	40.81	14693.58	0.00	137.80	250.70	2273.72	86.37	3.75	-0.22
11.	CANHLIFE	151.85	109.84	14425.75	0.26	281.40	1101.54	20475.20	1138.35	8.35	-112.52

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9,87,552	10,78,768	11,74,319	15,27,673	11,42,302	12,03,257	10,73,023	14,79,172	11,96,184	12,69,300	12,59,882	16,50,672	12,76,232
	18,01,677	19,56,464	20,47,448	23,84,099	20,21,448	22,45,322	19,23,564	22,30,430	21,41,942	23,20,269	22,35,432	26,73,250	22,74,642
Operating Profit	-8,14,124	-8,77,696	-8,73,129	-8,56,426	-8,79,146	-10,42,065	-8,50,541	-7,51,258	-9,45,758	-10,50,969	-9,75,550	-10,22,578	-9,98,410
OPM %	-82.44%	-81.36%	-74.35%	-56.06%	-76.96%	-86.60%	-79.27%	-50.79%	-79.06%	-82.80%	-77.43%	-61.95%	-78.23%
	9,15,250	9,54,445	9,68,282	10,01,980	9,87,229	11,16,008	9,72,670	9,61,711	10,58,326	11,56,386	11,07,882	11,48,422	11,35,433
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	1,10,971	81,255	1,09,278	1,58,104	1,21,909	88,798	1,27,518	2,24,856	1,26,039	1,16,262	1,48,844	1,43,893	1,53,149
Tax %	13.17%	1.20%	13.03%	12.85%	13.36%	12.90%	13.67%	15.25%	13.05%	13.12%	12.98%	-63.10%	11.28%
Net Profit	96,357	80,281	95,040	1,37,791	1,05,617	77,346	1,10,086	1,90,566	1,09,589	1,01,010	1,29,530	2,34,685	1,35,867
	15.23	12.70	14.97	21.79	16.67	12.22	17.40	30.10	17.32	15.97	20.44	37.10	10.74

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	0	54,56,085
	0	0	0	0	0	0	0	0	95,03,592
Operating Profit	0	0	0	0	0	0	0	0	-40,47,507
OPM %	—	—	—	—	—	—	—	—	-74.18%
	0	0	25	111	131	152	173	191	45,48,122
Interest	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0
Profit before Tax	2,642	2,719	2,983	4,165	36,081	41,057	48,351	57,524	5,62,147
Tax %	0.57%	0.30%	0.29%	0.96%	0.23%	0.34%	0.06%	0.12%	-6.93%
Net Profit	2,627	2,710	2,974	4,125	35,997	40,916	48,320	57,453	6,01,092
EPS	0.00	0.00	0.00	0.00	0.00	64.69	76.40	90.83	—
Dividend Payout %	1.60%	1.59%	0.00%	23.00%	—	0.00%	15.71%	22.02%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 81%
3 Years:: 17%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 7%
1 Year:: -8%

RETURN ON EQUITY

10 Years:: —
5 Years:: 63%
3 Years:: 49%
Last Year:: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	100	100	100	6,325	6,325	6,325	6,325	6,325
	886	988	6,805	5,040	40,220	76,767	1,21,484	1,70,661
	2,69,401	2,53,414	4	1	0	0	0	0
	-2,70,387	-2,54,502	-6,908	41,71,169	44,72,322	51,69,160	54,83,780	57,32,545
Total Liabilities	0	0	0	41,82,535	45,18,867	52,52,252	56,11,589	59,09,531
	13,857	13,838	3,326	3,372	3,505	3,672	4,157	4,338
Capital Work in Progress	0	0	0	199	331	403	326	419
Cash & Bank	67,900	63,153	36,078	44,724	45,499	41,824	69,885	72,013
	-81,757	-76,990	-39,404	41,34,240	44,69,532	52,06,353	55,37,221	58,32,761
Total Assets	0	0	0	41,82,535	45,18,867	52,52,252	56,11,589	59,09,531

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32,897	66,710	71,839	6,326	51,135	26,548	-9,721	-26,211
Cash from Investing	8,764	-41,809	1,48,792	12,099	-54,472	-25,826	40,999	34,708
Cash from Financing	-13,700	-18,664	-2,56,125	0	-949	-4,427	-3,794	-7,626
	8,339	-6,106	-26,731	8,316	-902	-3,706	27,484	871

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	96.50	96.50	96.51	96.50	96.50	96.50	96.50	96.50	96.50
	0.19	0.16	0.07	0.10	0.11	0.13	0.20	0.31	0.44
	0.94	1.16	1.26	1.27	1.37	1.35	1.33	1.27	0.99
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	2.37	2.18	2.17	2.12	2.02	2.02	1.96	1.91	2.07

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Clarification - Financial Results

2026-09-09 - The Exchange has sought clarification from Life Insurance Corporation Of India for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-08

General Updates

2026-09-08 - Life Insurance Corporation Of India has informed the Exchange about the Corporation's participation in three Investor Meets/Conferences.

2026-08-31

General Updates

2026-08-31 - Life Insurance Corporation Of India has informed the Exchange about the launch of new products.

2026-08-31

Change in Management

2026-08-31 - Life Insurance Corporation Of India has informed the Exchange about the cessation of Senior Management Personnel.

2026-08-27

General Updates

2026-08-27 - Life Insurance Corporation Of India has informed the Exchange about subscribed for Non-Convertible Debentures for Bajaj Finance Limited.

2026-08-19

Updates

2026-08-19 - Life Insurance Corporation Of India has informed the Exchange regarding 'Post OFS Shareholding Pattern'.

2026-08-18

General Updates

2026-08-18 - Life Insurance Corporation Of India has informed the Exchange about re-designation of Senior Management Personnel.

2026-08-17

General Updates

2026-08-17 - Life Insurance Corporation Of India has informed the Exchange about the Investors' Meet on August 17, 2026 have been attended by the representatives of the Corporation.

2026-08-13

General Updates

2026-08-13 - Corporation has informed the Exchange about their representatives having attended the Investors Meet on August 13, 2026

News

Recent coverage and analyst commentary for LICI

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Life Insurance Corporation of India

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Free 5nance Account

Name

LICI

406.00

8.55

513589.81

2.46

135866.90

23.98

1276231.60

6.69

37.75

-76.97

SBILIFE

1701.00

65.62

170669.76

0.16

7249.30

21.97

200782.10

16.88

14.15

-127.01

HDFCLIFE

525.00

57.75

114060.92

0.40

611.19

11.46

16727.63

15.05

10.01

-98.79

ICICIGI

1474.00

30.33

73641.45

0.92

4031.70

439.66

59500.40

1058.48

23.62

-10.35

ICICIPRULI

473.50

40.79

68715.29

0.35

623.91

61.94

19180.08

17.17

11.82

79.46

GICRE

344.20

6.80

60386.45

3.85

1743.67

-31.10

11097.77

-1.56

22.43

-10.45

STARHEALTH

575.45

40.12

33872.35

0.00

549.73

109.40

4917.20

24.86

9.70

2.89

NIACL

197.50

42.31

32548.00

0.76

-2391.50

-695.39

97472.80

934.31

5.44

-24.14

GODIGIT

250.55

47.07

23179.50

0.00

86.39

-37.55

2006.96

7.61

13.56

-15.23

NIVABUPA

79.44

40.81

14693.58

0.00

137.80

250.70

2273.72

86.37

3.75

-0.22

CANHLIFE

151.85

109.84

14425.75

0.26

281.40

1101.54

20475.20

1138.35

8.35

-112.52

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

9,87,552

10,78,768

11,74,319

15,27,673

11,42,302

12,03,257

10,73,023

14,79,172

11,96,184

12,69,300

12,59,882

16,50,672

12,76,232

18,01,677

19,56,464

20,47,448

23,84,099

20,21,448

22,45,322

19,23,564

22,30,430

21,41,942

23,20,269

22,35,432

26,73,250

22,74,642

Operating Profit

-8,14,124

-8,77,696

-8,73,129

-8,56,426

-8,79,146

-10,42,065

-8,50,541

-7,51,258

-9,45,758

-10,50,969

-9,75,550

-10,22,578

-9,98,410

OPM %

-82.44%

-81.36%

-74.35%

-56.06%

-76.96%

-86.60%

-79.27%

-50.79%

-79.06%

-82.80%

-77.43%

-61.95%

-78.23%

9,15,250

9,54,445

9,68,282

10,01,980

9,87,229

11,16,008

9,72,670

9,61,711

10,58,326

11,56,386

11,07,882

11,48,422

11,35,433

Interest

Depreciation

Profit before Tax

1,10,971

81,255

1,09,278

1,58,104

1,21,909

88,798

1,27,518

2,24,856

1,26,039

1,16,262

1,48,844

1,43,893

1,53,149

Tax %

13.17%

1.20%

13.03%

12.85%

13.36%

12.90%

13.67%

15.25%

13.05%

13.12%

12.98%

-63.10%

11.28%

Net Profit

96,357

80,281

95,040

1,37,791

1,05,617

77,346

1,10,086

1,90,566

1,09,589

1,01,010

1,29,530

2,34,685

1,35,867

15.23

12.70

14.97

21.79

16.67

12.22

17.40

30.10

17.32

15.97

20.44

37.10

10.74

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

54,56,085

95,03,592

Operating Profit

-40,47,507

OPM %

—

-74.18%

111

131

152

173

191

45,48,122

Interest

Depreciation

Profit before Tax

2,642

2,719

2,983

4,165

36,081

41,057

48,351

57,524

5,62,147

Tax %

0.57%

0.30%

0.29%

0.96%

0.23%

0.34%

0.06%

0.12%

-6.93%

Net Profit

2,627

2,710

2,974

4,125

35,997

40,916

48,320

57,453

6,01,092

EPS

0.00

64.69

76.40

90.83

—

Dividend Payout %

1.60%

1.59%

0.00%

23.00%

—

0.00%

15.71%

22.02%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

100

6,325

886

988

6,805

5,040

40,220

76,767

1,21,484

1,70,661

2,69,401

2,53,414

-2,70,387

-2,54,502

-6,908

41,71,169

44,72,322

51,69,160

54,83,780

57,32,545

Total Liabilities

41,82,535

45,18,867

52,52,252

56,11,589

59,09,531

13,857

13,838

3,326

3,372

3,505

3,672

4,157

4,338

Capital Work in Progress

199

331

403

326

419

Cash & Bank

67,900

63,153

36,078

44,724

45,499

41,824

69,885

72,013

-81,757

-76,990

-39,404

41,34,240

44,69,532

52,06,353

55,37,221

58,32,761

Total Assets

41,82,535

45,18,867

52,52,252

56,11,589

59,09,531

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

32,897

66,710

71,839

6,326

51,135

26,548

-9,721

-26,211

Cash from Investing

8,764

-41,809

1,48,792

12,099

-54,472

-25,826

40,999

34,708

Cash from Financing

-13,700

-18,664

-2,56,125

-949

-4,427

-3,794

-7,626

8,339

-6,106

-26,731

8,316

-902

-3,706

27,484

871

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

96.50

96.51

96.50

0.19

0.16

0.07

0.10

0.11

0.13

0.20

0.31

0.44

0.94

1.16

1.26

1.27

1.37

1.35

1.33

1.27

0.99

Government

0.00

Public

2.37

2.18

2.17

2.12

2.02

1.96

1.91

2.07

Life Insurance Corporation of India

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Life Insurance Corporation of India

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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