The New India Assurance Company Ltd.
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ABOUT
AI Sector View
AI GENERATEDFinancial Services
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.
PROS
- Company has a consistent dividend-paying track record
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (69.1% of PBT)
- Recent results are weak - TTM profit is down 16.0% versus prior year
- Company has a low return on equity of 5.3% over last 3 years
- Operating margins have contracted to -23.0% from 7.2%
- Effective tax rate is unusually low at 0.0% - earnings may be flattered
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LICI | 403.70 | 8.50 | 510680.31 | 2.48 | 135866.90 | 23.98 | 1276231.60 | 6.69 | 37.75 | -76.97 |
| SBILIFE | 1695.00 | 65.39 | 170067.75 | 0.16 | 7249.30 | 21.97 | 200782.10 | 16.88 | 14.15 | -127.01 |
| HDFCLIFE | 530.00 | 58.30 | 115147.22 | 0.40 | 611.19 | 11.46 | 16727.63 | 15.05 | 10.01 | -98.79 |
| ICICIGI | 1459.00 | 30.02 | 72892.05 | 0.93 | 4031.70 | 439.66 | 59500.40 | 1058.48 | 23.62 | -10.35 |
| ICICIPRULI | 471.25 | 40.60 | 68388.76 | 0.35 | 623.91 | 61.94 | 19180.08 | 17.17 | 11.82 | 79.46 |
| GICRE | 349.55 | 6.91 | 61325.05 | 3.79 | 1743.67 | -31.10 | 11097.77 | -1.56 | 22.43 | -10.45 |
| STARHEALTH | 562.20 | 39.20 | 33092.42 | 0.00 | 549.73 | 109.40 | 4917.20 | 24.86 | 9.70 | 2.89 |
| NIACL | 198.15 | 42.45 | 32655.12 | 0.76 | -2391.50 | -695.39 | 97472.80 | 934.31 | 5.44 | -24.14 |
| GODIGIT | 255.85 | 48.07 | 23669.82 | 0.00 | 86.39 | -37.55 | 2006.96 | 7.61 | 13.56 | -15.23 |
| NIVABUPA | 79.97 | 41.09 | 14791.61 | 0.00 | 137.80 | 250.70 | 2273.72 | 86.37 | 3.75 | -0.22 |
| CANHLIFE | 151.95 | 109.92 | 14435.25 | 0.26 | 281.40 | 1101.54 | 20475.20 | 1138.35 | 8.35 | -112.52 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,971 | 8,245 | 8,987 | 8,983 | 8,547 | 8,567 | 9,070 | 9,352 | 9,424 | 9,455 | 9,771 | 10,022 | 9,747 | |
| 9,557 | 10,813 | 10,500 | 11,252 | 10,148 | 10,646 | 10,605 | 11,239 | 11,530 | 13,319 | 11,863 | 12,525 | 12,105 | |
| Operating Profit | -1,586 | -2,568 | -1,513 | -2,268 | -1,601 | -2,079 | -1,534 | -1,886 | -2,106 | -3,863 | -2,092 | -2,503 | -2,358 |
| OPM % | -19.89% | -31.14% | -16.84% | -25.25% | -18.73% | -24.26% | -16.91% | -20.17% | -22.34% | -40.86% | -21.41% | -24.97% | -24.19% |
| 1,903 | 2,326 | 2,379 | 2,738 | 1,873 | 2,219 | 1,641 | 2,388 | 2,497 | 3,886 | 2,464 | 2,949 | 2,179 | |
| 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 | 318 | -242 | 866 | 470 | 272 | 141 | 107 | 502 | 391 | 23 | 372 | 446 | -174 |
| Tax % | 16.41% | 19.29% | 17.71% | 34.50% | 14.44% | 47.74% | -220.96% | 35.99% | -0.32% | 13.92% | -1.26% | -26.46% | -37.52% |
| Net Profit | 0 | 0 | 0 | 0 | 243 | 91 | 349 | 356 | 402 | 553 | 380 | 580 | -239 |
| 1.58 | -1.07 | 4.38 | 1.89 | 1.45 | 0.54 | 2.12 | 2.18 | 2.43 | 0.33 | 2.31 | 3.51 | -1.47 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | 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 | 0 | 0 | 38,995 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,811 | |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,815 |
| OPM % | — | — | — | — | — | — | — | — | — | — | -27.74% |
| 218 | 102 | 42 | 55 | 29 | 95 | 65 | 15 | 93 | 892 | 11,478 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 1,163 | 2,624 | 677 | 1,666 | 2,072 | 194 | 1,293 | 1,437 | 1,087 | 1,292 | 668 |
| Tax % | 14.30% | 20.32% | 10.67% | 13.41% | 20.84% | -0.16% | 15.10% | 22.33% | 4.63% | -9.35% | -8.12% |
| Net Profit | 997 | 2,091 | 605 | 1,442 | 1,640 | 195 | 1,097 | 1,116 | 1,037 | 1,412 | 722 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.77 | 6.29 | 8.57 | — |
| Dividend Payout % | 31.09% | 34.48% | 40.87% | 0.00% | 0.00% | 25.41% | — | 30.41% | 28.62% | 17.50% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 6%
- 5 Years:
- -3%
- 3 Years:
- 9%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 4%
- 3 Years:
- 17%
- 1 Year:
- 3%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 4%
- 3 Years:
- 5%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 200 | 412 | 824 | 824 | 824 | 824 | 824 | 824 | 824 | 824 |
| 12,479 | 15,776 | 15,732 | 17,272 | 18,940 | 19,006 | 20,349 | 21,070 | 21,979 | 23,854 | |
| 23,755 | 22,964 | 22,349 | 10,350 | 18,777 | 20,080 | 18,181 | 23,595 | 21,427 | 13,915 | |
| Total Liabilities | 36,434 | 39,151 | 38,905 | 28,446 | 38,541 | 39,909 | 39,353 | 45,489 | 44,230 | 38,593 |
| 374 | 560 | 561 | 558 | 547 | 563 | 564 | 471 | 527 | 513 | |
| Capital Work in Progress | 57 | 33 | 45 | 25 | 16 | 18 | 14 | 20 | 6 | 13 |
| Cash & Bank | 8,126 | 9,182 | 9,709 | 11,267 | 11,787 | 12,629 | 12,410 | 14,320 | 17,710 | 19,290 |
| 27,878 | 29,376 | 28,591 | 16,596 | 26,191 | 26,699 | 26,366 | 30,678 | 25,988 | 18,777 | |
| Total Assets | 36,434 | 39,151 | 38,905 | 28,446 | 38,541 | 39,909 | 39,353 | 45,489 | 44,230 | 38,593 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,914 | 3,621 | 2,010 | 2,820 | 4,897 | -109 | -1,086 | -4,672 | -3,390 | -4,532 | |
| Cash from Investing | 1,793 | -860 | 2,290 | 2,586 | -593 | 4,893 | 5,387 | 7,181 | 3,058 | 1,835 |
| Cash from Financing | -307 | 1,125 | -476 | -300 | 77 | -6 | -65 | -326 | -343 | -297 |
| 1,362 | 690 | 480 | 1,320 | 261 | 836 | -534 | 2,184 | -675 | -2,994 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - The New India Assurance Company Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-09-09 - The New India Assurance Company Limited has informed the Exchange regarding Change in Auditors of the company.
2026-09-09 - The New India Assurance Company Limited has informed the Exchange about General Updates
2026-09-01 - Significant increase in volume has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. The New India Assurance Company Limited has submitted their response.
2026-08-31 - Significant increase in volume has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-08-27 - The New India Assurance Company Limited has informed the Exchange about General Updates
2026-07-31 - The New India Assurance Company Limited has informed the Exchange regarding Cessation of Ms as Chairman & Managing Director of the company w.e.f. July 31, 2026.
2026-07-27 - The New India Assurance Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 27, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-07-24 - The New India Assurance Company Limited has informed the Exchange about Investor Presentation
News
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