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Life Insurance Corp

₹1057.5 18.4 | 1.8%

Market Cap ₹668837 Cr.

Stock P/E 16.6

P/B 9.5

Current Price ₹1057.5

Book Value ₹ 110.9

Face Value 10

52W High ₹1175

Dividend Yield 0.28%

52W Low ₹ 530.2

Overview Inc. Year: 1956Industry: Insurance

Life Insurance Corporation of India offers life insurance products in India, Fiji, Mauritius, and the UK. It provides individual projects, which includes collaborating coverage products; and non-participating products comprising savings coverage, term coverage, health insurance, annuity and pension, and unit-linked insurance merchandise; special merchandise for women and children, micro coverage merchandise; and riders, an add-on covers to the base policy to facilitate additional advantages linked to the accident, vital infection, and demise and premium waiver advantage. The organization additionally provides group products, including group term coverage, group savings coverage, group savings pension, and group annuity products. Life Insurance Corporation of India was established in 1956 and is primarily based in Mumbai, India.

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Life Insurance Corp Share Price

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Peer Comparison

Life Insurance Corp Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 104914 98052 144159 98805 132632 112297 132223 98755 107877 117432
Other Income 82354 77025 71442 70985 90506 85688 69411 91525 95444 96828
Total Income 187268 175077 215600 169791 223138 197985 201634 190280 203321 214260
Total Expenditure 183939 172277 215193 168369 202373 195046 189481 180168 195646 204745
Operating Profit 3328 2800 408 1421 20765 2939 12154 10113 7675 9515
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3328 2800 408 1421 20765 2939 12154 10113 7675 9515
Provision for Tax 3217 3218 -31 1481 5452 -2458 991 1461 97 1424
Profit After Tax 111 -417 438 -60 15313 5397 11163 8651 7577 8092
Adjustments 1368 629 1971 662 542 952 2028 984 453 1377
Profit After Adjustments 1480 211 2409 603 15854 6349 13191 9635 8030 9469
Adjusted Earnings Per Share 2.3 0.3 3.8 1 25.1 10 20.9 15.2 12.7 15

Life Insurance Corp Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 339972 382476 405398 429501 475957 456287
Other Income 230838 263130 298281 294925 315157 353208
Total Income 570810 645605 703679 724425 791114 809495
Total Expenditure 567669 644929 689936 706540 744236 770040
Operating Profit 3141 677 13743 17885 46878 39457
Interest 41 58 114 87 77 0
Depreciation 429 779 417 436 466 0
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 2642 2719 2983 4165 36081 39457
Provision for Tax 15 8 9 40 84 3973
Profit After Tax 2627 2710 2974 4125 35997 35483
Adjustments 0 0 0 0 0 4842
Profit After Adjustments 2627 2710 2974 4125 35997 40325
Adjusted Earnings Per Share 4.2 4.3 4.7 6.5 56.9 63.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 8% 0% 0%
Operating Profit CAGR 162% 311% 0% 0%
PAT CAGR 773% 137% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 77% NA% NA% NA%
ROE Average 124% 81% 154% 154%
ROCE Average 125% 58% 35% 35%

Life Insurance Corp Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 986 1088 6905 11365 46545
Minority's Interest 0 0 0 0 0
Borrowings 269401 253414 4 1 0
Other Non-Current Liabilities 3116583 3180303 3754444 4186117 4487268
Total Current Liabilities 40282 65032 68171 56574 44678
Total Liabilities 3427252 3499837 3829524 4254058 4578491
Fixed Assets 13857 13838 3326 3372 3505
Other Non-Current Assets 3162214 3228647 3640754 4051842 4377313
Total Current Assets 251181 257352 185444 198844 197673
Total Assets 3427252 3499837 3829524 4254058 4578491

Life Insurance Corp Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 58695 67906 63194 36118 44866
Cash Flow from Operating Activities 13274 54367 80602 -3783 54519
Cash Flow from Investing Activities 8765 -41809 148792 12099 -54472
Cash Flow from Financing Activities -13700 -18664 -256125 0 -949
Net Cash Inflow / Outflow 8339 -6106 -26731 8316 -902
Closing Cash & Cash Equivalent 67906 63194 36118 44866 45588

Life Insurance Corp Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 4.15 4.29 4.7 6.52 56.91
CEPS(Rs) 4.15 4.29 4.7 6.52 56.91
DPS(Rs) 4.2 4.3 0 1.5 3
Book NAV/Share(Rs) 1.56 1.72 10.91 17.96 73.59
Core EBITDA Margin(%) -66.98 -68.62 -70.19 -64.5 -56.37
EBIT Margin(%) 0.78 0.71 0.74 0.97 7.58
Pre Tax Margin(%) 0.78 0.71 0.74 0.97 7.58
PAT Margin (%) 0.77 0.71 0.73 0.96 7.56
Cash Profit Margin (%) 0.77 0.71 0.73 0.96 7.56
ROA(%) 0.08 0.08 0.08 0.1 0.83
ROE(%) 266.49 261.64 74.46 45.16 124.33
ROCE(%) 0.98 1.04 2.28 45.59 124.62
Receivable days 0 0 0 0 0
Inventory Days 0 0 0 0 0
Payable days 0 0 0 0 0
PER(x) 0 0 0 0 9.39
Price/Book(x) 0 0 0 0 7.27
Dividend Yield(%) 0 0 0 0 0.56
EV/Net Sales(x) -0.2 -0.16 -0.09 -0.09 0.61
EV/Core EBITDA(x) -21.59 -93.19 -2.62 -2.15 6.24
Net Sales Growth(%) 0 12.5 5.99 5.95 10.82
EBIT Growth(%) 0 2.88 9.72 39.62 766.38
PAT Growth(%) 0 3.16 9.73 38.69 772.71
EPS Growth(%) 0 3.16 9.73 38.69 772.71
Debt/Equity(x) 0 0 0 0 0
Current Ratio(x) 4.12 3 2.23 2.78 3.32
Quick Ratio(x) 4.12 3 2.23 2.78 3.32
Interest Cover(x) 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0

Life Insurance Corp Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Promoter 96.5 96.5 96.5 96.5 96.5 96.5 96.5
FII 0.12 0.18 0.17 0.08 0.08 0.1 0.06
DII 1.06 0.91 0.92 0.89 0.83 0.84 1
Public 2.32 2.42 2.42 2.53 2.59 2.56 2.44
Others 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 81%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 9.5 times its book value.
  • Earnings include an other income of Rs. 315157 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.

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