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Last Updated: April 2, 2026, 3:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540769 | NSE: NIACL

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

Fair Value

₹88.41Overvalued by 28.70%vs CMP ₹124.00

P/E (17.1) × ROE (3.6%) × BV (₹175.00) × DY (1.46%)

₹127.21Fairly Valued by 2.59%vs CMP ₹124.00
MoS: +2.5% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹127.1223%Fair (+2.5%)
Graham NumberEarnings₹168.9617%Under (+36.3%)
Earnings PowerEarnings₹53.7311%Over (-56.7%)
DCFCash Flow₹178.0811%Under (+43.6%)
Net Asset ValueAssets₹175.307%Under (+41.4%)
EV/EBITDAEnterprise₹41.529%Over (-66.5%)
Earnings YieldEarnings₹72.507%Over (-41.5%)
ROCE CapitalReturns₹78.747%Over (-36.5%)
Revenue MultipleRevenue₹263.776%Under (+112.7%)
Consensus (9 models)₹127.21100%Fairly Valued
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

Investment Snapshot

55
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 17.1 vs industry 24.0 In-lineROCE 3.6% vs industry 14.3% Below peersROE 3.6% vs industry 11.2% 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: April 2, 2026, 3:48 am

Market Cap 20,381 Cr.
Current Price 124
Intrinsic Value₹127.21
High / Low 215/117
Stock P/E17.1
Book Value 175
Dividend Yield1.46 %
ROCE3.59 %
ROE3.64 %
Face Value 5.00
PEG Ratio0.39

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

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) 20,381 Cr. 124 215/11717.1 1751.46 %3.59 %3.64 % 5.00
ICICI Lombard General Insurance Company Ltd 84,490 Cr. 1,695 2,075/1,66030.9 3310.74 %24.9 %18.8 % 10.0
Industry Average52,435.50 Cr909.5024.00253.001.10%14.25%11.22%7.50

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

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10,55810,1829,90010,56711,36611,68610,41810,78610,70311,66411,71913,45012,069
Expenses 9,66810,0739,55710,81310,50011,25210,14810,64610,60511,23911,53013,52411,863
Operating Profit 891109343-24686643427014098426189-74206
OPM % 8%1%3%-2%8%4%3%1%1%4%2%-1%2%
Other Income 1741-2540362197720298166
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 908150318-24286647027214110750239123372
Tax % 18%4%16%-19%18%34%14%48%-221%36%-0%14%-1%
Net Profit 736124261-1757223132439134935640255380
EPS in Rs 4.470.771.58-1.074.381.891.450.542.122.182.430.332.31

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 10,99413,35415,21520,23419,79827,66028,34333,06635,82141,00743,28543,35448,902
Expenses 14,40317,10718,19520,69224,59027,94429,40630,93135,64439,72842,01742,55248,155
Operating Profit -3,409-3,753-2,980-458-4,793-284-1,0632,1361771,2791,268802747
OPM % -31%-28%-20%-2%-24%-1%-4%6%0%3%3%2%2%
Other Income 4,3925,4874,0631,7047,6011,0502,816278760203272542
Interest 23461200000000
Depreciation 38283447749093103878259510
Profit before tax 9431,7031,0451,1942,7226771,6592,0601781,2561,4121,0221,289
Tax % 15%19%11%14%20%11%13%21%-0%16%23%5%
Net Profit 8301,4129591,0502,1906101,4471,6451981,0501,1201,0381,193
EPS in Rs 20.7535.4024.0326.1513.293.678.759.951.186.366.776.297.25
Dividend Payout % 27%21%26%30%33%41%0%0%25%5%30%29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 200200200200412824824824824824824824824
Reserves 17,38720,03519,42620,48424,22823,30320,72124,73224,98125,04027,47228,17127,989
Borrowings 0000000000000
Other Liabilities 36,79142,72644,78049,47351,09456,42655,70766,91470,69172,35979,15080,77681,893
Total Liabilities 54,37962,96164,40770,15775,73480,55377,25292,47096,49698,223107,446109,771110,706
Fixed Assets 223302350399560561558547563564471533522
CWIP 20015573345251618142060
Investments 35,71145,36544,97251,90756,02459,80152,02967,02571,31974,36082,06980,94283,651
Other Assets 18,42417,29319,06917,79519,11720,14724,64024,88324,59723,28524,88628,29026,533
Total Assets 54,37962,96164,40770,15775,73480,55377,25292,47096,49698,223107,446109,771110,706

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 847-1,605-124425-1,334-967777-4,052-5,855-4,672-3,390
Cash from Investing Activity + -1,3457411,340-4942,3372,825-3344,9005,7017,2034,966
Cash from Financing Activity + -208-366-3071,125-476-30077-6-65-326-343
Net Cash Flow -706-1,2299101,0565271,558520842-2192,2061,234
Free Cash Flow 795-1,683-277208-1,436-1,033728-4,148-5,928-4,723-3,496
CFO/OP -23%54%27%-9%310%66%57%-2,381%-430%-341%-388%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-3.00-3.00-2.00-458.00-4.00-284.00-1.002.00177.001.001.00802.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 000000000000
Inventory Days
Days Payable
Cash Conversion Cycle 000000000000
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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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 1,32,2021,29,6911,27,0311,26,3661,41,7341,50,9831,56,7671,62,8031,62,1441,58,0781,61,8091,58,818

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 8,003 0.05 0.127,9032026-02-23 00:23:001.27%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 6.296.776.361.189.95
Diluted EPS (Rs.) 6.296.776.361.189.95
Cash EPS (Rs.) 6.216.986.941.6110.50
Book Value[Excl.RevalReserv]/Share (Rs.) 175.94172.00157.29156.92155.37
Book Value[Incl.RevalReserv]/Share (Rs.) 175.94172.00157.29156.92155.37
Revenue From Operations / Share (Rs.) 264.21265.02248.83217.36200.64
PBDIT / Share (Rs.) 6.849.258.341.7913.24
PBIT / Share (Rs.) 6.548.897.841.2612.61
PBT / Share (Rs.) 6.208.577.621.0812.50
Net Profit / Share (Rs.) 5.906.626.441.089.88
NP After MI And SOA / Share (Rs.) 6.296.776.361.189.95
PBDIT Margin (%) 2.593.493.350.826.59
PBIT Margin (%) 2.473.353.150.576.28
PBT Margin (%) 2.343.233.060.496.22
Net Profit Margin (%) 2.232.492.580.494.92
NP After MI And SOA Margin (%) 2.382.552.550.544.96
Return on Networth / Equity (%) 3.573.944.050.756.41
Return on Capital Employeed (%) 2.433.223.280.525.39
Return On Assets (%) 0.941.031.060.201.77
Asset Turnover Ratio (%) 0.390.420.420.370.39
Current Ratio (X) 0.420.390.370.400.42
Quick Ratio (X) 0.420.390.370.400.42
Dividend Payout Ratio (NP) (%) 32.7428.484.710.000.00
Dividend Payout Ratio (CP) (%) 31.2127.054.370.000.00
Earning Retention Ratio (%) 67.2671.5295.290.000.00
Cash Earning Retention Ratio (%) 68.7972.9595.630.000.00
Interest Coverage Ratio (X) 20.6528.5338.139.80113.99
Interest Coverage Ratio (Post Tax) (X) 18.8021.4230.436.9386.05
Enterprise Value (Cr.) 7806.5723229.833633.135818.0813698.02
EV / Net Operating Revenue (X) 0.170.530.080.160.41
EV / EBITDA (X) 6.9215.242.6419.776.28
MarketCap / Net Operating Revenue (X) 0.580.850.380.510.76
Retention Ratios (%) 67.2571.5195.280.000.00
Price / BV (X) 0.871.330.610.710.99
Price / Net Operating Revenue (X) 0.580.850.380.510.76
EarningsYield 0.040.020.060.010.06

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.
INDUSTRYADDRESSCONTACT
Finance - Non Life InsuranceNew India Assurance Building, 87, M G Road, Fort, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Ms. Girija SubramanianChairman & Managing Director
Ms. Smita SrivastavaExecutive Director
Ms. Kasturi SenguptaExecutive Director
Ms. Akani DeviNon Executive Director
Mr. Nidhu SaxenaNon Executive Director
Dr. Parshant Kumar GoyalGovernment Nominee Director
Ms. B Shwetha RaoGovernment Nominee Director

FAQ

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

As of 17 April 2026, New India Assurance Company Ltd (NIACL)'s intrinsic value is ₹127.21, which is 2.59% higher than the current market price of ₹124.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.64 %), book value (₹175), dividend yield (1.46 %), 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 ₹124.00 as of 17 April 2026, with a FY2026-2027 high of ₹215 and low of ₹117. The stock is currently near its 52-week low. Market cap stands at ₹20,381 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 17.1, which is below the industry average of 24.00. 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 14.25%; ROE of 3.64 % is below ideal levels (industry average: 11.22%). Dividend yield is 1.46 %.

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 1.46 % at the current price of ₹124.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in New India Assurance Company Ltd (NIACL). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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