The New India Assurance Company Ltd.

•

newindia.co.inBSE: 540769NSE: NIACL

Market Cap₹ 33,908 Cr.

Current Price

High / Low₹ 243 / 117

Stock P/E46.1

Book Value₹ 142

Price to Book0.82

Dividend Yield0.73 %

ROCE5.5 %

ROE6.1 %

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 (70.7% of PBT)
Recent results are weak - TTM profit is down 50.4% versus prior year
Company has a low return on equity of 5.4% over last 3 years
Operating margins have contracted to -23.1% from 7.3%
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	407.30	8.58	515234.31	2.46	135866.90	23.98	1276231.60	6.69	37.75	-76.97
2.	SBILIFE	1685.00	65.00	169064.40	0.16	7249.30	21.97	200782.10	16.88	14.15	-127.01
3.	HDFCLIFE	514.35	56.58	111747.11	0.41	611.19	11.46	16727.63	15.05	10.01	-98.79
4.	ICICIGI	1487.00	30.60	74290.94	0.91	4031.70	439.66	59500.40	1058.48	23.62	-10.35
5.	ICICIPRULI	460.00	39.63	66756.14	0.36	623.91	61.94	19180.08	17.17	11.82	79.46
6.	GICRE	350.05	6.92	61412.77	3.79	1743.67	-31.10	11097.77	-1.56	22.43	-10.45
7.	NIACL	205.75	44.08	33907.60	0.73	-2391.50	-695.39	97472.80	934.31	5.44	-24.14
8.	STARHEALTH	571.40	39.84	33633.95	0.00	549.73	109.40	4917.20	24.86	9.70	2.89
9.	GODIGIT	253.50	47.63	23452.42	0.00	86.39	-37.55	2006.96	7.61	13.56	-15.23
10.	NIVABUPA	79.57	40.88	14717.62	0.00	137.80	250.70	2273.72	86.37	3.75	-0.22
11.	CANHLIFE	149.55	108.18	14207.25	0.27	281.40	1101.54	20475.20	1138.35	8.35	-112.52

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	7,919	8,206	8,946	8,957	8,503	8,525	9,033	9,306	9,369	9,399	9,725	9,969	9,683
	9,504	10,777	10,449	11,173	10,115	10,608	10,559	11,167	11,475	13,246	11,812	12,477	12,054
Operating Profit	-1,585	-2,571	-1,503	-2,215	-1,612	-2,083	-1,526	-1,860	-2,106	-3,847	-2,087	-2,508	-2,371
OPM %	-20.02%	-31.33%	-16.80%	-24.73%	-18.96%	-24.43%	-16.90%	-19.99%	-22.48%	-40.93%	-21.46%	-25.16%	-24.48%
	1,896	2,316	2,372	2,735	1,868	2,220	1,643	2,386	2,495	3,916	2,454	2,945	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	311	-254	869	520	255	137	116	526	389	69	367	437	-191
Tax %	16.30%	21.39%	17.70%	31.94%	15.07%	48.06%	-203.58%	34.08%	-0.53%	8.21%	-1.38%	-27.61%	-34.16%
Net Profit	260	-200	715	354	217	71	353	347	391	63	372	558	-257
	1.58	-1.21	4.34	2.15	1.32	0.43	2.14	2.10	2.37	0.38	2.25	3.38	-1.56

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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	38,776
	0	0	0	0	0	0	0	0	0	0	49,589
Operating Profit	0	0	0	0	0	0	0	0	0	0	-10,813
OPM %	—	—	—	—	—	—	—	—	—	—	-27.89%
	219	104	43	61	31	98	67	15	92	892	11,494
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	1,164	2,725	645	1,639	2,037	160	1,245	1,445	1,034	1,261	681
Tax %	13.40%	19.23%	10.09%	13.49%	21.21%	-2.73%	15.24%	21.87%	4.49%	-9.68%	-8.03%
Net Profit	1,008	2,201	580	1,418	1,605	164	1,055	1,129	988	1,384	736
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.85	6.00	8.40	—
Dividend Payout %	30.76%	32.76%	42.64%	0.00%	0.00%	30.10%	30.14%	30.06%	30.02%	17.87%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: 5%
5 Years:: -3%
3 Years:: 9%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 4%
3 Years:: 14%
1 Year:: 3%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 5%
3 Years:: 5%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	11,970	15,277	15,121	16,632	18,192	18,228	19,505	20,311	21,060	22,795
	23,693	22,888	22,261	10,246	18,665	19,960	18,038	23,569	21,406	13,878
Total Liabilities	35,863	38,577	38,206	27,702	37,681	39,012	38,368	44,704	43,290	37,497
	307	479	474	466	407	421	418	400	462	436
Capital Work in Progress	57	33	45	25	16	17	13	18	3	10
Cash & Bank	8,019	9,021	9,605	11,172	11,683	12,488	12,264	14,225	17,607	19,171
	27,480	29,044	28,082	16,039	25,576	26,085	25,672	30,062	25,218	17,881
Total Assets	35,863	38,577	38,206	27,702	37,681	39,012	38,368	44,704	43,290	37,497

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,875	3,646	2,066	2,812	4,868	-125	-1,080	-4,678	-3,429	-4,562
Cash from Investing	1,830	-875	2,261	2,566	-521	4,859	5,369	7,189	3,094	1,854
Cash from Financing	-302	1,128	-474	-298	10	-0	-49	-318	-339	-297
	1,373	708	513	1,302	240	794	-526	2,193	-674	-3,005

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

2026-09-09

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

2026-07-24

Outcome of Board Meeting

2026-07-24 - The New India Assurance Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for NIACL

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The New India Assurance Company Ltd.

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Name

LICI

407.30

8.58

515234.31

2.46

135866.90

23.98

1276231.60

6.69

37.75

-76.97

SBILIFE

1685.00

65.00

169064.40

0.16

7249.30

21.97

200782.10

16.88

14.15

-127.01

HDFCLIFE

514.35

56.58

111747.11

0.41

611.19

11.46

16727.63

15.05

10.01

-98.79

ICICIGI

1487.00

30.60

74290.94

0.91

4031.70

439.66

59500.40

1058.48

23.62

-10.35

ICICIPRULI

460.00

39.63

66756.14

0.36

623.91

61.94

19180.08

17.17

11.82

79.46

GICRE

350.05

6.92

61412.77

3.79

1743.67

-31.10

11097.77

-1.56

22.43

-10.45

NIACL

205.75

44.08

33907.60

0.73

-2391.50

-695.39

97472.80

934.31

5.44

-24.14

STARHEALTH

571.40

39.84

33633.95

0.00

549.73

109.40

4917.20

24.86

9.70

2.89

GODIGIT

253.50

47.63

23452.42

0.00

86.39

-37.55

2006.96

7.61

13.56

-15.23

NIVABUPA

79.57

40.88

14717.62

0.00

137.80

250.70

2273.72

86.37

3.75

-0.22

CANHLIFE

149.55

108.18

14207.25

0.27

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

7,919

8,206

8,946

8,957

8,503

8,525

9,033

9,306

9,369

9,399

9,725

9,969

9,683

9,504

10,777

10,449

11,173

10,115

10,608

10,559

11,167

11,475

13,246

11,812

12,477

12,054

Operating Profit

-1,585

-2,571

-1,503

-2,215

-1,612

-2,083

-1,526

-1,860

-2,106

-3,847

-2,087

-2,508

-2,371

OPM %

-20.02%

-31.33%

-16.80%

-24.73%

-18.96%

-24.43%

-16.90%

-19.99%

-22.48%

-40.93%

-21.46%

-25.16%

-24.48%

1,896

2,316

2,372

2,735

1,868

2,220

1,643

2,386

2,495

3,916

2,454

2,945

2,179

Interest

Depreciation

Profit before Tax

311

-254

869

520

255

137

116

526

389

367

437

-191

Tax %

16.30%

21.39%

17.70%

31.94%

15.07%

48.06%

-203.58%

34.08%

-0.53%

8.21%

-1.38%

-27.61%

-34.16%

Net Profit

260

-200

715

354

217

353

347

391

372

558

-257

1.58

-1.21

4.34

2.15

1.32

0.43

2.14

2.10

2.37

0.38

2.25

3.38

-1.56

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

38,776

49,589

Operating Profit

-10,813

OPM %

—

-27.89%

219

104

892

11,494

Interest

Depreciation

Profit before Tax

1,164

2,725

645

1,639

2,037

160

1,245

1,445

1,034

1,261

681

Tax %

13.40%

19.23%

10.09%

13.49%

21.21%

-2.73%

15.24%

21.87%

4.49%

-9.68%

-8.03%

Net Profit

1,008

2,201

580

1,418

1,605

164

1,055

1,129

988

1,384

736

EPS

0.00

6.85

6.00

8.40

—

Dividend Payout %

30.76%

32.76%

42.64%

0.00%

30.10%

30.14%

30.06%

30.02%

17.87%

—

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

11,970

15,277

15,121

16,632

18,192

18,228

19,505

20,311

21,060

22,795

23,693

22,888

22,261

10,246

18,665

19,960

18,038

23,569

21,406

13,878

Total Liabilities

35,863

38,577

38,206

27,702

37,681

39,012

38,368

44,704

43,290

37,497

307

479

474

466

407

421

418

400

462

436

Capital Work in Progress

Cash & Bank

8,019

9,021

9,605

11,172

11,683

12,488

12,264

14,225

17,607

19,171

27,480

29,044

28,082

16,039

25,576

26,085

25,672

30,062

25,218

17,881

Total Assets

35,863

38,577

38,206

27,702

37,681

39,012

38,368

44,704

43,290

37,497

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,875

3,646

2,066

2,812

4,868

-125

-1,080

-4,678

-3,429

-4,562

Cash from Investing

1,830

-875

2,261

2,566

-521

4,859

5,369

7,189

3,094

1,854

Cash from Financing

-302

1,128

-474

-298

-0

-49

-318

-339

-297

1,373

708

513

1,302

240

794

-526

2,193

-674

-3,005

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