New India Assurance Company Ltd (NIACL): Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of New India Assurance Company Ltd (NIACL)?

New India Assurance Company Ltd (NIACL) is trading at 162.00 as of 10 May 2026, with a FY2026-2027 high of 215 and low of 117. The stock is currently in the middle of its 52-week range. Market cap stands at 26,688 Cr..

Q: Is New India Assurance Company Ltd (NIACL) financially healthy?

Key indicators: ROCE of 3.59 % is on the lower side. Dividend yield is 1.11 %.

Fair Value

₹115.42Overvalued by 28.75%vs CMP ₹162.00

P/E (22.4) × ROE (3.6%) × BV (₹175.00) × DY (1.11%)

₹136.13Overvalued by 15.97%vs CMP ₹162.00

MoS: -19% (Negative)Confidence: 43/100 (Low)Models: 1 Under, 4 Fair, 4 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹165.94	23%	Fair (+2.4%)
Graham Number	Earnings	₹168.96	17%	Fair (+4.3%)
Earnings Power	Earnings	₹53.60	11%	Over (-66.9%)
DCF	Cash Flow	₹177.67	11%	Fair (+9.7%)
Net Asset Value	Assets	₹174.90	7%	Fair (+8%)
EV/EBITDA	Enterprise	₹41.42	9%	Over (-74.4%)
Earnings Yield	Earnings	₹72.50	7%	Over (-55.2%)
ROCE Capital	Returns	₹78.56	7%	Over (-51.5%)
Revenue Multiple	Revenue	₹263.17	6%	Under (+62.5%)
Consensus (9 models)		₹136.13	100%	Overvalued

Key Drivers: EPS CAGR 43.8% lifts DCF — verify sustainability. | ROE 3.6% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 43.8%

*Investments are subject to market risks

Analyst Summary

New India Assurance Company Ltd (NIACL) operates in the Finance - Non Life Insurance segment, NSE: NIACL | BSE: 540769, current market price is ₹162.00, market cap is 26,688 Cr.. At a glance, stock P/E is 22.4, ROE is 3.64 %, ROCE is 3.59 %, book value is 175, dividend yield is 1.11 %. The latest intrinsic value estimate is ₹136.13, around 16.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹43,354 Cr versus the prior period change of 0.2%, while latest net profit is about ₹1,038 Cr with a prior-period change of -7.3%. The 52-week range shown on this page is 215/117, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisThe New India Assurance Company Ltd. is a Public Limited Listed company incorporated on 23/07/1919 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification…

This summary is generated from the stock page data available for New India Assurance Company Ltd (NIACL): Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

New India Assurance Company Ltd (NIACL) scores 55/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health54/100 · Moderate

ROCE 3.6% WeakROE 3.6% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.09% (6mo) Slight increasePromoter holding at 85.4% Stable

Earnings Quality60/100 · Moderate

OPM stable around 3% SteadyWorking capital: -468 days (improving) Efficient

Quarterly Momentum68/100 · Strong

Revenue (4Q): +12% YoY GrowingProfit (4Q): +20% YoY Positive

Industry Rank25/100 · Weak

P/E 22.4 vs industry 27.0 In-lineROCE 3.6% vs industry 13.6% Below peersROE 3.6% vs industry 10.7% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 1:09 am

Market Cap	26,688 Cr.
Current Price	162
Intrinsic Value	₹136.13
High / Low	215/117
Stock P/E	22.4
Book Value	175
Dividend Yield	1.11 %
ROCE	3.59 %
ROE	3.64 %
Face Value	5.00
PEG Ratio	0.51

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for New India Assurance Company Ltd (NIACL)

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
New India Assurance Company Ltd (NIACL)	26,688 Cr.	162	215/117	22.4	175	1.11 %	3.59 %	3.64 %	5.00
ICICI Lombard General Insurance Company Ltd	87,680 Cr.	1,757	2,075/1,630	31.6	334	0.71 %	23.5 %	17.8 %	10.0
Industry Average	57,184.00 Cr	959.50		27.00	254.50	0.91%	13.55%	10.72%	7.50

All Competitor Stocks of New India Assurance Company Ltd (NIACL)

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	10,558	10,182	9,900	10,567	11,366	11,686	10,418	10,786	10,703	11,664	11,719	13,450	12,069
Expenses	9,668	10,073	9,557	10,813	10,500	11,252	10,148	10,646	10,605	11,239	11,530	13,524	11,863
Operating Profit	891	109	343	-246	866	434	270	140	98	426	189	-74	206
OPM %	8%	1%	3%	-2%	8%	4%	3%	1%	1%	4%	2%	-1%	2%
Other Income	17	41	-25	4	0	36	2	1	9	77	202	98	166
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	908	150	318	-242	866	470	272	141	107	502	391	23	372
Tax %	18%	4%	16%	-19%	18%	34%	14%	48%	-221%	36%	-0%	14%	-1%
Net Profit	736	124	261	-175	722	313	243	91	349	356	402	55	380
EPS in Rs	4.47	0.77	1.58	-1.07	4.38	1.89	1.45	0.54	2.12	2.18	2.43	0.33	2.31

Last Updated: February 3, 2026, 9:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:16 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	10,994	13,354	15,215	20,234	19,798	27,660	28,343	33,066	35,821	41,007	43,285	43,354	48,902
Expenses	14,403	17,107	18,195	20,692	24,590	27,944	29,406	30,931	35,644	39,728	42,017	42,552	48,155
Operating Profit	-3,409	-3,753	-2,980	-458	-4,793	-284	-1,063	2,136	177	1,279	1,268	802	747
OPM %	-31%	-28%	-20%	-2%	-24%	-1%	-4%	6%	0%	3%	3%	2%	2%
Other Income	4,392	5,487	4,063	1,704	7,601	1,050	2,816	27	87	60	203	272	542
Interest	2	3	4	6	12	0	0	0	0	0	0	0	0
Depreciation	38	28	34	47	74	90	93	103	87	82	59	51	0
Profit before tax	943	1,703	1,045	1,194	2,722	677	1,659	2,060	178	1,256	1,412	1,022	1,289
Tax %	15%	19%	11%	14%	20%	11%	13%	21%	-0%	16%	23%	5%
Net Profit	830	1,412	959	1,050	2,190	610	1,447	1,645	198	1,050	1,120	1,038	1,193
EPS in Rs	20.75	35.40	24.03	26.15	13.29	3.67	8.75	9.95	1.18	6.36	6.77	6.29	7.25
Dividend Payout %	27%	21%	26%	30%	33%	41%	0%	0%	25%	5%	30%	29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	70.12%	-32.08%	9.49%	108.57%	-72.15%	137.21%	13.68%	-87.96%	430.30%	6.67%	-7.32%
Change in YoY Net Profit Growth (%)	0.00%	-102.20%	41.57%	99.08%	-180.72%	209.36%	-123.53%	-101.65%	518.27%	-423.64%	-13.99%

New India Assurance Company Ltd (NIACL) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	9%
3 Years:	7%
TTM:	2%

Compounded Profit Growth
10 Years:	16%
5 Years:	-6%
3 Years:	73%
TTM:	9%

Stock Price CAGR
10 Years:	%
5 Years:	12%
3 Years:	28%
1 Year:	-24%

Return on Equity
10 Years:	2%
5 Years:	2%
3 Years:	1%
Last Year:	4%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:06 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	200	200	200	200	412	824	824	824	824	824	824	824	824
Reserves	17,387	20,035	19,426	20,484	24,228	23,303	20,721	24,732	24,981	25,040	27,472	28,171	27,989
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	36,791	42,726	44,780	49,473	51,094	56,426	55,707	66,914	70,691	72,359	79,150	80,776	81,893
Total Liabilities	54,379	62,961	64,407	70,157	75,734	80,553	77,252	92,470	96,496	98,223	107,446	109,771	110,706
Fixed Assets	223	302	350	399	560	561	558	547	563	564	471	533	522
CWIP	20	0	15	57	33	45	25	16	18	14	20	6	0
Investments	35,711	45,365	44,972	51,907	56,024	59,801	52,029	67,025	71,319	74,360	82,069	80,942	83,651
Other Assets	18,424	17,293	19,069	17,795	19,117	20,147	24,640	24,883	24,597	23,285	24,886	28,290	26,533
Total Assets	54,379	62,961	64,407	70,157	75,734	80,553	77,252	92,470	96,496	98,223	107,446	109,771	110,706

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	847	-1,605	-124	425	-1,334	-967	777	-4,052	-5,855	-4,672	-3,390
Cash from Investing Activity +	-1,345	741	1,340	-494	2,337	2,825	-334	4,900	5,701	7,203	4,966
Cash from Financing Activity +	-208	-366	-307	1,125	-476	-300	77	-6	-65	-326	-343
Net Cash Flow	-706	-1,229	910	1,056	527	1,558	520	842	-219	2,206	1,234
Free Cash Flow	795	-1,683	-277	208	-1,436	-1,033	728	-4,148	-5,928	-4,723	-3,496
CFO/OP	-23%	54%	27%	-9%	310%	66%	57%	-2,381%	-430%	-341%	-388%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-3.00	-3.00	-2.00	-458.00	-4.00	-284.00	-1.00	2.00	177.00	1.00	1.00	802.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	0	0	0	0	0
Working Capital Days	-568	-549	-533	-447	-506	-421	-486	-471	-469	-436	-439	-468
ROCE %	-1%	1%	-2%	3%	2%	-1%	7%	9%	1%	-2%	5%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%
FIIs	0.65%	0.66%	0.69%	0.77%	0.81%	0.80%	0.86%	0.84%	0.91%	1.01%	1.01%	1.00%
DIIs	11.93%	11.93%	11.93%	11.71%	11.76%	11.64%	11.28%	11.18%	11.20%	11.18%	11.18%	11.15%
Public	1.98%	1.97%	1.94%	2.09%	1.98%	2.12%	2.43%	2.55%	2.45%	2.37%	2.37%	2.40%
No. of Shareholders	1,32,202	1,29,691	1,27,031	1,26,366	1,41,734	1,50,983	1,56,767	1,62,803	1,62,144	1,58,078	1,61,809	1,58,818

Shareholding Pattern Chart

No. of Shareholders

New India Assurance Company Ltd (NIACL): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund	8,003	0.05	0.12	7,903	2026-02-23 00:23:00	1.27%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	6.29	6.77	6.36	1.18	9.95
Diluted EPS (Rs.)	6.29	6.77	6.36	1.18	9.95
Cash EPS (Rs.)	6.21	6.98	6.94	1.61	10.50
Book Value[Excl.RevalReserv]/Share (Rs.)	175.94	172.00	157.29	156.92	155.37
Book Value[Incl.RevalReserv]/Share (Rs.)	175.94	172.00	157.29	156.92	155.37
Revenue From Operations / Share (Rs.)	264.21	265.02	248.83	217.36	200.64
PBDIT / Share (Rs.)	6.84	9.25	8.34	1.79	13.24
PBIT / Share (Rs.)	6.54	8.89	7.84	1.26	12.61
PBT / Share (Rs.)	6.20	8.57	7.62	1.08	12.50
Net Profit / Share (Rs.)	5.90	6.62	6.44	1.08	9.88
NP After MI And SOA / Share (Rs.)	6.29	6.77	6.36	1.18	9.95
PBDIT Margin (%)	2.59	3.49	3.35	0.82	6.59
PBIT Margin (%)	2.47	3.35	3.15	0.57	6.28
PBT Margin (%)	2.34	3.23	3.06	0.49	6.22
Net Profit Margin (%)	2.23	2.49	2.58	0.49	4.92
NP After MI And SOA Margin (%)	2.38	2.55	2.55	0.54	4.96
Return on Networth / Equity (%)	3.57	3.94	4.05	0.75	6.41
Return on Capital Employeed (%)	2.43	3.22	3.28	0.52	5.39
Return On Assets (%)	0.94	1.03	1.06	0.20	1.77
Asset Turnover Ratio (%)	0.39	0.42	0.42	0.37	0.39
Current Ratio (X)	0.42	0.39	0.37	0.40	0.42
Quick Ratio (X)	0.42	0.39	0.37	0.40	0.42
Dividend Payout Ratio (NP) (%)	32.74	28.48	4.71	0.00	0.00
Dividend Payout Ratio (CP) (%)	31.21	27.05	4.37	0.00	0.00
Earning Retention Ratio (%)	67.26	71.52	95.29	0.00	0.00
Cash Earning Retention Ratio (%)	68.79	72.95	95.63	0.00	0.00
Interest Coverage Ratio (X)	20.65	28.53	38.13	9.80	113.99
Interest Coverage Ratio (Post Tax) (X)	18.80	21.42	30.43	6.93	86.05
Enterprise Value (Cr.)	7806.57	23229.83	3633.13	5818.08	13698.02
EV / Net Operating Revenue (X)	0.17	0.53	0.08	0.16	0.41
EV / EBITDA (X)	6.92	15.24	2.64	19.77	6.28
MarketCap / Net Operating Revenue (X)	0.58	0.85	0.38	0.51	0.76
Retention Ratios (%)	67.25	71.51	95.28	0.00	0.00
Price / BV (X)	0.87	1.33	0.61	0.71	0.99
Price / Net Operating Revenue (X)	0.58	0.85	0.38	0.51	0.76
EarningsYield	0.04	0.02	0.06	0.01	0.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

The New India Assurance Company Ltd. is a Public Limited Listed company incorporated on 23/07/1919 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L66000MH1919GOI000526 and registration number is 000526. Currently Company is involved in the business activities of Non-life insurance. Company's Total Operating Revenue is Rs. 43361.72 Cr. and Equity Capital is Rs. 824.00 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Finance - Non Life Insurance	New India Assurance Building, 87, M G Road, Fort, Mumbai Maharashtra 400001	Contact not found

Management
Name	Position Held
Ms. Girija Subramanian	Chairman & Managing Director
Ms. Smita Srivastava	Executive Director
Ms. Kasturi Sengupta	Executive Director
Ms. Akani Devi	Non Executive Director
Mr. Nidhu Saxena	Non Executive Director
Dr. Parshant Kumar Goyal	Government Nominee Director
Ms. B Shwetha Rao	Government Nominee Director

FAQ

What is the intrinsic value of New India Assurance Company Ltd (NIACL) and is it undervalued?

As of 10 May 2026, New India Assurance Company Ltd (NIACL)'s intrinsic value is ₹136.13, which is 15.97% lower than the current market price of ₹162.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.64 %), book value (₹175), dividend yield (1.11 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of New India Assurance Company Ltd (NIACL)?

New India Assurance Company Ltd (NIACL) is trading at ₹162.00 as of 10 May 2026, with a FY2026-2027 high of ₹215 and low of ₹117. The stock is currently in the middle of its 52-week range. Market cap stands at ₹26,688 Cr..

How does New India Assurance Company Ltd (NIACL)'s P/E ratio compare to its industry?

New India Assurance Company Ltd (NIACL) has a P/E ratio of 22.4, which is below the industry average of 27.00. This is broadly in line with or below the industry average.

Is New India Assurance Company Ltd (NIACL) financially healthy?

Key indicators for New India Assurance Company Ltd (NIACL): ROCE of 3.59 % is on the lower side compared to the industry average of 13.55%; ROE of 3.64 % is below ideal levels (industry average: 10.72%). Dividend yield is 1.11 %.

Is New India Assurance Company Ltd (NIACL) profitable and how is the profit trend?

New India Assurance Company Ltd (NIACL) reported a net profit of ₹1,038 Cr in Mar 2025 on revenue of ₹43,354 Cr. Compared to ₹198 Cr in Mar 2022, the net profit shows an improving trend.

Does New India Assurance Company Ltd (NIACL) pay dividends?

New India Assurance Company Ltd (NIACL) has a dividend yield of 1.11 % at the current price of ₹162.00. The company pays dividends, though the yield is modest.