New India Assurance

₹209 3.2 | 1.5%

WEBSITE BSE:540769 NSE : NIACL 09 Dec, 11:45

Market Cap ₹34443 Cr.

Stock P/E 24.0

P/B 1.6

Current Price ₹209

Book Value ₹ 133.4

Face Value 5

52W High ₹324

Dividend Yield 0.99%

52W Low ₹ 169

Edit Ratio

New India Assurance Research see more...

Overview Inc. Year: 1919Industry: Insurance

The New India Assurance Co Ltd is an India-based authorities owned multinational general insurance organization. The Company operates in approximately 30 international locations. Its retail enterprise is obtainable through industrial and private lines of commercial enterprise and it also have variety of products in rural, social zone and micro coverage segments. It serves industries, consisting of petrochemical, oil and energy industries, power and steel plants, aviation fleets, satellites, projects and infrastructures, and small and medium corporations (SMEs). The Company's merchandise encompass Personal Insurance, Commercial Insurance, Industrial Insurance, Liability Insurance and Social Insurance. The Company's subsidiaries consist of New India Assurance Co Ltd and Prestige Assurance Plc.

New India Assurance Share Price

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Peer Comparison

New India Assurance Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	7230	7350	7908	7937	7971	8245	8987	8983	8547	8567
Other Income	1368	4244	2667	2286	1903	2326	2379	2738	1873	2219
Total Income	8597	11594	10576	10223	9875	10571	11366	11721	10420	10787
Total Expenditure	8436	11556	9668	10073	9557	10813	10500	11252	10148	10646
Operating Profit	161	38	908	150	318	-242	866	470	272	141
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	161	38	908	150	318	-242	866	470	272	141
Provision for Tax	31	-4	163	6	52	-47	153	162	39	67
Profit After Tax	130	42	745	144	266	-195	713	308	233	74
Adjustments	4	9	-8	-18	-5	19	9	3	7	16
Profit After Adjustments	134	51	737	126	260	-176	722	311	239	90
Adjusted Earnings Per Share	0.8	0.3	4.5	0.8	1.6	-1.1	4.4	1.9	1.5	0.5

New India Assurance Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	10994	13354	15071	17935	19830	21612	23662	26376	29065	30425	34187	35084
Other Income	1949	2357	2684	3010	3536	3889	4681	4710	4744	7576	6741	9209
Total Income	12943	15711	17756	20945	23366	25501	28343	31087	33808	38001	40927	44294
Total Expenditure	13331	15661	18196	21475	22379	26934	27909	30369	35265	35798	41534	42546
Operating Profit	-388	50	-440	-529	987	-1433	434	718	-1456	2203	-607	1749
Interest	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
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	944	1705	966	1225	2821	677	1666	2072	194	1295	1759	1749
Provision for Tax	139	328	89	166	533	72	223	432	-0	195	321	421
Profit After Tax	805	1377	877	1059	2288	605	1442	1640	195	1099	1438	1328
Adjustments	0	0	0	0	0	0	0	0	0	0	0	35
Profit After Adjustments	805	1377	877	1059	2288	605	1442	1640	195	1099	1438	1362
Adjusted Earnings Per Share	0	0	0	0	13.9	3.7	8.8	10	1.2	0	0	8.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	9%	10%	12%
Operating Profit CAGR	-128%	NAN%	0%	0%
PAT CAGR	31%	-4%	19%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-8%	13%	10%	NA%
ROE Average	7%	4%	6%	8%
ROCE Average	8%	5%	8%	10%

New India Assurance Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	10746	11702	11912	12679	16188	16556	18096	19764	19830	21173	21894
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	25170	31254	28508	33632	34053	34140	23443	33137	35432	34585	40999
Total Current Liabilities	18462	20004	23719	23846	25494	29857	35713	39569	41234	42466	45232
Total Liabilities	54379	62961	64139	70157	75734	80553	77252	92470	96496	98223	108125
Fixed Assets	223	302	338	374	560	561	558	547	563	564	471
Other Non-Current Assets	36316	45888	46005	52738	56855	60518	54329	68840	72749	75411	82765
Total Current Assets	17839	16770	17796	17045	18319	19475	22365	23084	23184	22248	24889
Total Assets	54379	62961	64139	70157	75734	80553	77252	92470	96496	98223	108125

New India Assurance Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	7538	9151	8437	7216	8126	9182	9709	11267	11787	12629	12410
Cash Flow from Operating Activities	440	847	-1605	-124	425	-1334	-967	777	-4052	-5855	-4672
Cash Flow from Investing Activities	785	-1124	552	1793	-860	2290	2586	-593	4893	5387	6886
Cash Flow from Financing Activities	-201	-208	-366	-307	1125	-476	-300	77	-6	-65	-326
Net Cash Inflow / Outflow	1024	-485	-1418	1362	690	480	1320	261	836	-534	1888
Closing Cash & Cash Equivalent	9151	8446	7216	8126	9182	9709	11267	11787	12629	12410	14320

New India Assurance Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0	0	0	0	13.88	3.67	8.75	9.95	1.18	0	0
CEPS(Rs)	5.03	8.61	5.48	6.62	13.88	3.67	8.75	9.95	1.18	6.67	8.73
DPS(Rs)	5.5	7.5	6.25	7.75	8.75	1.5	0	0	0.3	1.93	2.06
Book NAV/Share(Rs)	0	0	0	0	96.55	99.35	99.3	112.46	115.35	125.99	132.85
Core EBITDA Margin(%)	-21.25	-17.28	-20.73	-19.73	-12.85	-24.63	-17.95	-15.14	-21.33	-17.66	-21.49
EBIT Margin(%)	8.59	12.77	6.41	6.83	14.22	3.13	7.04	7.86	0.67	4.25	5.15
Pre Tax Margin(%)	8.59	12.77	6.41	6.83	14.22	3.13	7.04	7.86	0.67	4.25	5.15
PAT Margin (%)	7.32	10.31	5.82	5.9	11.54	2.8	6.1	6.22	0.67	3.61	4.21
Cash Profit Margin (%)	7.32	10.31	5.82	5.9	11.54	2.8	6.1	6.22	0.67	3.61	4.21
ROA(%)	2.97	4.36	2.67	3.14	6.05	1.55	4.28	4.9	0.5	2.77	3.39
ROE(%)	7.9	12.29	7.56	8.85	16.13	3.75	8.81	9.4	1.04	5.53	6.74
ROCE(%)	9.27	15.21	8.34	10.24	19.89	4.19	10.18	11.88	1.03	6.51	8.25
Receivable days	0	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	25.45	51.98	12.82	15.51	94.52	0	0
Price/Book(x)	0	0	0	0	3.66	1.92	1.13	1.37	0.97	0.77	1.71
Dividend Yield(%)	0	0	0	0	1.24	0.79	0	0	0.27	1.99	0.91
EV/Net Sales(x)	-0.81	-0.62	-0.47	-0.44	2.47	1.01	0.31	0.52	0.2	0.12	0.68
EV/Core EBITDA(x)	23.09	-163.62	15.93	14.97	49.68	-15.16	16.65	19.02	-3.96	1.62	-38.17
Net Sales Growth(%)	14.53	21.46	12.86	19	10.57	8.98	9.49	11.47	10.19	4.68	12.36
EBIT Growth(%)	-12.91	80.62	-43.34	26.84	130.22	-76	146.05	24.43	-90.63	566.4	35.91
PAT Growth(%)	-11.93	71.11	-36.36	20.81	116.03	-73.57	138.5	13.74	-88.14	465.04	30.84
EPS Growth(%)	0	0	0	0	0	-73.57	138.5	13.74	-88.14	-100	0
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	0.69	0.59	0.54	0.51	0.5	0.47	0.46	0.43	0.41	0.38	0.4
Quick Ratio(x)	0.69	0.59	0.54	0.51	0.5	0.47	0.46	0.43	0.41	0.38	0.4
Interest Cover(x)	0	0	0	0	0	0	0	0	0	0	0
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

New India Assurance Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	85.44	85.44	85.44	85.44	85.44	85.44	85.44	85.44	85.44	85.44
FII	0.6	0.6	0.62	0.65	0.67	0.69	0.77	0.82	0.8	0.87
DII	12.16	11.9	11.93	11.93	11.93	11.94	11.71	11.76	11.65	11.27
Public	1.8	2.06	2.02	1.98	1.97	1.94	2.08	1.99	2.12	2.42
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	140.8	140.8	140.8	140.8	140.8	140.8	140.8	140.8	140.8	140.8
FII	0.99	0.99	1.02	1.07	1.1	1.13	1.27	1.35	1.31	1.43
DII	20.05	19.61	19.65	19.67	19.66	19.67	19.31	19.37	19.2	18.58
Public	2.97	3.4	3.32	3.26	3.24	3.2	3.43	3.28	3.49	3.99
Others	0	0	0	0	0	0	0	0	0	0
Total	164.8	164.8	164.8	164.8	164.8	164.8	164.8	164.8	164.8	164.8

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 4% over the last 3 years.

* 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.