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New India Assurance

₹220.5 3.1 | 1.4%

Market Cap ₹36338 Cr.

Stock P/E 39.0

P/B 1.7

Current Price ₹220.5

Book Value ₹ 128

Face Value 5

52W High ₹324

Dividend Yield 0%

52W Low ₹ 114

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.

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New India Assurance Share Price

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Peer Comparison

New India Assurance 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 7519 7435 7296 7230 7350 7908 7937 7971 8245 8987
Other Income 2197 2035 1267 1368 4244 2667 2286 1903 2326 2379
Total Income 9715 9470 8563 8597 11594 10576 10223 9875 10571 11366
Total Expenditure 9579 8875 9234 8436 11556 9668 10073 9557 10813 10500
Operating Profit 136 595 -670 161 38 908 150 318 -242 866
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 136 595 -670 161 38 908 150 318 -242 866
Provision for Tax 3 101 -121 31 -4 163 6 52 -47 153
Profit After Tax 133 494 -550 130 42 745 144 266 -195 713
Adjustments 12 9 -3 4 9 -8 -18 -5 19 9
Profit After Adjustments 146 503 -552 134 51 737 126 260 -176 722
Adjusted Earnings Per Share 0.9 3.1 -3.4 0.8 0.3 4.5 0.8 1.6 -1.1 4.4

New India Assurance Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 9599 10994 13354 15071 17935 19830 21612 23662 26376 29065 30425 33140
Other Income 1758 1949 2357 2684 3010 3536 3889 4681 4710 4744 7576 8894
Total Income 11357 12943 15711 17756 20945 23366 25501 28343 31087 33808 38001 42035
Total Expenditure 11389 13331 15661 18196 21475 22379 26934 27909 30369 35265 35897 40943
Operating Profit -32 -388 50 -440 -529 987 -1433 434 718 -1456 2103 1092
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 1084 944 1705 966 1225 2821 677 1666 2072 194 1243 1092
Provision for Tax 170 139 328 89 166 533 72 223 432 -0 195 164
Profit After Tax 914 805 1377 877 1059 2288 605 1442 1640 195 1048 928
Adjustments 0 0 0 0 0 0 0 0 0 0 0 5
Profit After Adjustments 914 805 1377 877 1059 2288 605 1442 1640 195 1048 932
Adjusted Earnings Per Share 0 0 0 0 0 13.9 3.7 8.8 10 1.2 6.4 5.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 9% 9% 12%
Operating Profit CAGR 0% 69% 16% 0%
PAT CAGR 437% -10% -14% 1%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 88% 13% 5% NA%
ROE Average 5% 5% 6% 8%
ROCE Average 6% 6% 7% 10%

New India Assurance Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 9725 10746 11702 11912 12679 16188 16556 18096 19764 19830 21173
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 21866 25170 31254 28508 33632 34053 34140 23443 33137 35432 34488
Total Current Liabilities 15053 18462 20004 23719 23846 25494 29857 35713 39569 41234 42563
Total Liabilities 46644 54379 62961 64139 70157 75734 80553 77252 92470 96496 98223
Fixed Assets 212 223 302 338 374 560 561 558 547 563 564
Other Non-Current Assets 32158 36316 45888 46005 52738 56855 60518 54329 68840 72749 75411
Total Current Assets 14274 17839 16770 17796 17045 18319 19475 22365 23084 23184 22248
Total Assets 46644 54379 62961 64139 70157 75734 80553 77252 92470 96496 98223

New India Assurance Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 7232 7538 9151 8437 7216 8126 9182 9709 11267 11787 12629
Cash Flow from Operating Activities 300 440 847 -1605 -124 425 -1334 -967 777 -4052 -5855
Cash Flow from Investing Activities -126 785 -1124 552 1793 -860 2290 2586 -593 4893 5387
Cash Flow from Financing Activities -50 -201 -208 -366 -307 1125 -476 -300 77 -6 -65
Net Cash Inflow / Outflow 124 1024 -485 -1418 1362 690 480 1320 261 836 -534
Closing Cash & Cash Equivalent 7538 9151 8446 7216 8126 9182 9709 11267 11787 12629 12410

New India Assurance Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0 0 0 13.88 3.67 8.75 9.95 1.18 6.36
CEPS(Rs) 5.71 5.03 8.61 5.48 6.62 13.88 3.67 8.75 9.95 1.18 6.36
DPS(Rs) 4.25 5.5 7.5 6.25 7.75 8.75 1.5 0 0 0.3 0
Book NAV/Share(Rs) 0 0 0 0 0 96.55 99.35 99.3 112.46 115.35 125.99
Core EBITDA Margin(%) -18.65 -21.25 -17.28 -20.73 -19.73 -12.85 -24.63 -17.95 -15.14 -21.33 -17.99
EBIT Margin(%) 11.29 8.59 12.77 6.41 6.83 14.22 3.13 7.04 7.86 0.67 4.09
Pre Tax Margin(%) 11.29 8.59 12.77 6.41 6.83 14.22 3.13 7.04 7.86 0.67 4.09
PAT Margin (%) 9.52 7.32 10.31 5.82 5.9 11.54 2.8 6.1 6.22 0.67 3.44
Cash Profit Margin (%) 9.52 7.32 10.31 5.82 5.9 11.54 2.8 6.1 6.22 0.67 3.44
ROA(%) 3.57 2.97 4.36 2.67 3.14 6.05 1.55 4.28 4.9 0.5 2.64
ROE(%) 9.46 7.9 12.29 7.56 8.85 16.13 3.75 8.81 9.4 1.04 5.27
ROCE(%) 11.22 9.27 15.21 8.34 10.24 19.89 4.19 10.18 11.88 1.03 6.25
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 0 25.45 51.98 12.82 15.51 94.52 15.25
Price/Book(x) 0 0 0 0 0 3.66 1.92 1.13 1.37 0.97 0.77
Dividend Yield(%) 0 0 0 0 0 1.24 0.79 0 0 0.27 0
EV/Net Sales(x) -0.76 -0.81 -0.62 -0.47 -0.44 2.47 1.01 0.31 0.52 0.2 0.12
EV/Core EBITDA(x) 228.57 23.09 -163.62 15.93 14.97 49.68 -15.16 16.65 19.02 -3.96 1.7
Net Sales Growth(%) 0 14.53 21.46 12.86 19 10.57 8.98 9.49 11.47 10.19 4.68
EBIT Growth(%) 0 -12.91 80.62 -43.34 26.84 130.22 -76 146.05 24.43 -90.63 539.94
PAT Growth(%) 0 -11.93 71.11 -36.36 20.81 116.03 -73.57 138.5 13.74 -88.14 438.62
EPS Growth(%) 0 0 0 0 0 0 -73.57 138.5 13.74 -88.14 438.62
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 0.68 0.69 0.59 0.54 0.51 0.5 0.47 0.46 0.43 0.41 0.38
Quick Ratio(x) 0.68 0.69 0.59 0.54 0.51 0.5 0.47 0.46 0.43 0.41 0.38
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

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 85.44 85.44 85.44 85.44 85.44 85.44 85.44 85.44 85.44 85.44
FII 0.58 0.58 0.6 0.6 0.62 0.65 0.67 0.69 0.77 0.82
DII 12.57 12.42 12.16 11.9 11.93 11.93 11.93 11.94 11.71 11.76
Public 1.41 1.56 1.8 2.06 2.02 1.98 1.97 1.94 2.08 1.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • The company has delivered a poor profit growth of -14% over past five 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.

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