The New India Assurance Company Ltd.

•

newindia.co.inBSE: 540769NSE: NIACL

Market Cap₹ 32,655 Cr.

Current Price

High / Low₹ 243 / 117

Stock P/E42.4

Book Value₹ 148

Price to Book0.79

Dividend Yield0.76 %

ROCE5.4 %

ROE5.9 %

Face Value₹ 5

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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 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

Financial ServicesInsuranceInsurance

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT BSE Enhanced Value Index

S.No.	Name
1.	LICI	403.70	8.50	510680.31	2.48	135866.90	23.98	1276231.60	6.69	37.75	-76.97
2.	SBILIFE	1695.00	65.39	170067.75	0.16	7249.30	21.97	200782.10	16.88	14.15	-127.01
3.	HDFCLIFE	530.00	58.30	115147.22	0.40	611.19	11.46	16727.63	15.05	10.01	-98.79
4.	ICICIGI	1459.00	30.02	72892.05	0.93	4031.70	439.66	59500.40	1058.48	23.62	-10.35
5.	ICICIPRULI	471.25	40.60	68388.76	0.35	623.91	61.94	19180.08	17.17	11.82	79.46
6.	GICRE	349.55	6.91	61325.05	3.79	1743.67	-31.10	11097.77	-1.56	22.43	-10.45
7.	STARHEALTH	562.20	39.20	33092.42	0.00	549.73	109.40	4917.20	24.86	9.70	2.89
8.	NIACL	198.15	42.45	32655.12	0.76	-2391.50	-695.39	97472.80	934.31	5.44	-24.14
9.	GODIGIT	255.85	48.07	23669.82	0.00	86.39	-37.55	2006.96	7.61	13.56	-15.23
10.	NIVABUPA	79.97	41.09	14791.61	0.00	137.80	250.70	2273.72	86.37	3.75	-0.22
11.	CANHLIFE	151.95	109.92	14435.25	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
	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

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	85.44	85.44	85.44	85.44	85.44	85.44	85.44	85.44
	0.86	0.84	0.91	1.01	1.01	1.00	1.01	1.02
	11.28	11.18	11.20	11.18	11.18	11.15	11.17	11.17
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.42	2.54	2.45	2.37	2.38	2.41	2.39	2.37

Documents

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

2026-09-11

Change in Director(s)

2026-09-11 - The New India Assurance Company Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-09-09

Change in Auditors

2026-09-09 - The New India Assurance Company Limited has informed the Exchange regarding Change in Auditors of the company.

2026-09-09

General Updates

2026-09-09 - The New India Assurance Company Limited has informed the Exchange about General Updates

2026-09-01

Spurt in Volume

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

Spurt in Volume

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

General Updates

2026-08-27 - The New India Assurance Company Limited has informed the Exchange about General Updates

2026-07-31

Cessation

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

Shareholders meeting

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

Investor Presentation

2026-07-24 - The New India Assurance Company Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for NIACL

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The New India Assurance Company Ltd.

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Free 5nance Account

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

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

Depreciation

Profit before Tax

318

-242

866

470

272

141

107

502

391

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

243

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

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

38,995

49,811

Operating Profit

-10,815

OPM %

—

-27.74%

218

102

892

11,478

Interest

Depreciation

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

6.77

6.29

8.57

—

Dividend Payout %

31.09%

34.48%

40.87%

0.00%

25.41%

—

30.41%

28.62%

17.50%

—

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

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

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

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

-6

-65

-326

-343

-297

1,362

690

480

1,320

261

836

-534

2,184

-675

-2,994

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

85.44

0.86

0.84

0.91

1.01

1.00

1.01

1.02

11.28

11.18

11.20

11.18

11.15

11.17

Government

0.00

2.42

2.54

2.45

2.37

2.38

2.41

2.39

2.37

The New India Assurance Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

The New India Assurance Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI