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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of New India Assurance Company Ltd (NIACL)

About the Company - New India Assurance Company Ltd (NIACL)

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. 35641.76 Cr. and Equity Capital is Rs. 824.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Non Life InsuranceNew India Assurance Building, No.87, M G Road, Mumbai Maharashtra 400001investors@newindia.co.in
http://www.newindia.co.in
Management
NamePosition Held
Ms. Neeraj KapurChairman & Managing Director
Mr. Ratan Kumar DasDirector
Mr. Surender Kumar AgarwalDirector
Mr. A S RajeevDirector
Ms. Mandakini BalodhiDirector
Mr. Titus Francis MaliakkelDirector & CFO
Ms. Akani DeviDirector
Ms. Smita SrivastavaDirector

The New India Assurance Company Ltd. Share Price Update

Share PriceValue
Today₹282.45
Previous Day₹280.35

Basic Stock Data of New India Assurance Company Ltd (NIACL)

Market Cap 46,556 Cr.
Current Price 282
High / Low325/94.2
Stock P/E50.1
Book Value 0.00
Dividend Yield0.65 %
ROCE4.87 %
ROE4.07 %
Face Value 5.00

Data Source: screener.in

Competitors of New India Assurance Company Ltd (NIACL)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Fundamental Analysis of New India Assurance Company Ltd (NIACL) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales7,9808,5939,1968,1169,6829,4688,5048,59511,59010,55810,1829,90010,567
Expenses7,2887,9278,9588,0019,5798,8759,2348,43611,5569,66810,0739,55710,813
Operating Profit691666238115103593-72915833891109343-246
OPM %9%8%3%1%1%6%-9%2%0%8%1%3%-2%
Other Income15-187233159341741-254
Interest0000000000000
Depreciation0000000000000
Profit before tax706665324117136595-67016138908150318-242
Tax %21%21%26%14%2%17%18%19%-12%18%4%16%19%
Net Profit567526231102146504-55413753736124261-175
EPS in Rs3.433.191.410.600.883.05-3.350.810.314.470.771.58-1.07

New India Assurance Company Ltd (NIACL) Quarterly Chart

Fundamental Analysis of New India Assurance Company Ltd (NIACL) Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9,59910,99413,35415,21520,23419,79827,66028,34333,06635,82141,00741,207
Expenses12,29714,40317,10718,19520,69224,59027,94429,40630,93135,64439,72840,111
Operating Profit-2,698-3,409-3,753-2,980-458-4,793-284-1,0632,1361771,2791,097
OPM %-28%-31%-28%-20%-2%-24%-1%-4%6%0%3%3%
Other Income3,8264,3925,4874,0631,7047,6011,0502,81627876037
Interest3234612000000
Depreciation433828344774909310387820
Profit before tax1,0829431,7031,0451,1942,7226771,6592,0601781,2561,134
Tax %16%15%19%11%14%20%11%13%21%-0%16%
Net Profit9288301,4129591,0502,1906101,4471,6451981,050945
EPS in Rs22.9220.7535.4024.0326.1513.293.678.759.951.186.365.75
Dividend Payout %19%27%21%26%30%33%41%0%0%25%30%

New India Assurance Company Ltd (NIACL) Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-10.56%70.12%-32.08%9.49%108.57%-72.15%137.21%13.68%-87.96%430.30%
Change in YoY Net Profit Growth (%)0.00%80.68%-102.20%41.57%99.08%-180.72%209.36%-123.53%-101.65%518.27%

New India Assurance Company Ltd (NIACL) Growth

Compounded Sales Growth
10 Years:16%
5 Years:16%
3 Years:13%
TTM:7%
Compounded Profit Growth
10 Years:27%
5 Years:26%
3 Years:-10%
TTM:152%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:23%
1 Year:175%
Return on Equity
10 Years:2%
5 Years:3%
3 Years:4%
Last Year:4%

Fundamental Analysis of New India Assurance Company Ltd (NIACL) Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital200200200200200412824824824824824824
Reserves15,28517,38720,03519,42620,48424,22823,30320,72124,73224,98125,04026,356
Borrowings000000000000
Other Liabilities31,15936,79142,72644,78049,47351,09456,42655,70766,91470,69172,35975,007
Total Liabilities46,64454,37962,96164,40770,15775,73480,55377,25292,47096,49698,223102,187
Fixed Assets212223302350399560561558547563564553
CWIP020015573345251618140
Investments31,56635,71145,36544,97251,90756,02459,80152,02967,02571,31974,36079,085
Other Assets14,86618,42417,29319,06917,79519,11720,14724,64024,88324,59723,28522,549
Total Assets46,64454,37962,96164,40770,15775,73480,55377,25292,47096,49698,223102,187

New India Assurance Company Ltd (NIACL) Reserves and Borrowings Chart

New India Assurance Company Ltd (NIACL) Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 847-1,605-124425-1,334-967777-4,052-5,855
Cash from Investing Activity -1,3457411,340-4942,3372,825-3344,9005,701
Cash from Financing Activity -208-366-3071,125-476-30077-6-65
Net Cash Flow-706-1,2299101,0565271,558520842-219

New India Assurance Company Ltd (NIACL) Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days00000000000
Inventory Days
Days Payable
Cash Conversion Cycle00000000000
Working Capital Days-544-568-549-533-447-506-421-486-471-469-436
ROCE %-1%1%-2%3%2%-1%7%9%1%5%

New India Assurance Company Ltd (NIACL) Financial Efficiency Indicators Chart

Fundamental Analysis of New India Assurance Company Ltd (NIACL) Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%
FIIs0.03%0.02%0.43%0.58%0.58%0.60%0.60%0.62%0.65%0.66%0.69%0.77%
DIIs13.19%13.07%12.81%12.57%12.42%12.16%11.90%11.92%11.93%11.93%11.93%11.71%
Public1.34%1.48%1.32%1.41%1.56%1.80%2.06%2.02%1.98%1.97%1.94%2.09%
No. of Shareholders1,18,6841,31,3401,25,3611,24,3551,28,2011,31,1471,34,0771,32,7991,32,2021,29,6911,27,0311,26,366

New India Assurance Company Ltd (NIACL) Shareholding Pattern Chart

No. of New India Assurance Company Ltd (NIACL) Shareholders

New India Assurance Company Ltd (NIACL) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Midcap 150 Index Fund1187720.22.5
Nippon India ETF Nifty Midcap 1501041020.22.19
Nippon India Nifty Midcap 150 Index Fund993530.22.09
Tata Nifty Midcap 150 Momentum 50 Index Fund710030.711.49
Mirae Asset Nifty Midcap 150 ETF566300.21.19
Edelweiss Nifty Midcap150 Momentum 50 Index Fund435650.710.92
Motilal Oswal S&P BSE Enhanced Value Index Fund312020.370.66
ICICI Prudential Nifty Midcap 150 Index Fund277580.20.58
SBI Nifty Midcap 150 Index Fund253560.20.53
ICICI Prudential Nifty Midcap 150 ETF247470.20.52

New India Assurance Company Ltd (NIACL) ROCE Trend

New India Assurance Company Ltd (NIACL) EPS Trend

New India Assurance Company Ltd (NIACL) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)6.361.189.958.753.67
Diluted EPS (Rs.)6.361.189.958.753.67
Cash EPS (Rs.)6.941.6110.509.284.21
Book Value[Excl.RevalReserv]/Share (Rs.)157.29156.92155.37130.95146.61
Book Value[Incl.RevalReserv]/Share (Rs.)157.29156.92155.37130.95146.61
Revenue From Operations / Share (Rs.)248.83217.36200.64186.12167.84
PBDIT / Share (Rs.)8.341.7913.2410.774.72
PBIT / Share (Rs.)7.841.2612.6110.204.17
PBT / Share (Rs.)7.621.0812.5010.074.11
Net Profit / Share (Rs.)6.441.089.888.713.67
NP After MI And SOA / Share (Rs.)6.361.189.958.753.67
PBDIT Margin (%)3.350.826.595.782.81
PBIT Margin (%)3.150.576.285.482.48
PBT Margin (%)3.060.496.225.402.44
Net Profit Margin (%)2.580.494.924.682.18
NP After MI And SOA Margin (%)2.550.544.964.702.18
Return on Networth / Equity (%)4.050.756.416.692.50
Return on Capital Employeed (%)3.280.525.395.911.76
Return On Assets (%)1.060.201.771.860.75
Asset Turnover Ratio (%)0.420.370.390.380.34
Current Ratio (X)0.370.400.420.450.46
Quick Ratio (X)0.370.400.420.450.46
Dividend Payout Ratio (NP) (%)0.000.000.0020.6682.13
Dividend Payout Ratio (CP) (%)0.000.000.0019.4071.53
Earning Retention Ratio (%)0.000.000.0079.3417.87
Cash Earning Retention Ratio (%)0.000.000.0080.6028.47
Interest Coverage Ratio (X)38.139.80113.9979.3170.50
Interest Coverage Ratio (Post Tax) (X)30.436.9386.0565.1655.82
Enterprise Value (Cr.)3633.135818.0813698.027259.0621761.62
EV / Net Operating Revenue (X)0.080.160.410.230.78
EV / EBITDA (X)2.6419.776.284.0927.98
MarketCap / Net Operating Revenue (X)0.380.510.760.601.14
Retention Ratios (%)0.000.000.0079.3317.86
Price / BV (X)0.610.710.990.851.30
Price / Net Operating Revenue (X)0.380.510.760.601.14
EarningsYield0.060.010.060.070.01

New India Assurance Company Ltd (NIACL) Profitability Ratios (%)

New India Assurance Company Ltd (NIACL) Liquidity Ratios

New India Assurance Company Ltd (NIACL) Liquidity Ratios (%)

New India Assurance Company Ltd (NIACL) Interest Coverage Ratios (X)

New India Assurance Company Ltd (NIACL) Valuation Ratios

Data is incomplete for fair value calculation.

Strength and Weakness of New India Assurance Company Ltd (NIACL)

StrengthWeakness
  1. The stock has a low average Working Capital Days of -493.64, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  3. The company has higher reserves (21,831.50 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (24.25 cr) and profit (150.75 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.22 and average Dividend Yield of 3.59%.
  2. The stock has a low average ROCE of 2.18%, which may not be favorable.

Should I Buy New India Assurance Company Ltd (NIACL) Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in New India Assurance Company Ltd (NIACL):
    1. Net Profit Margin: 2.58%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 3.28% (Industry Average ROCE: 0%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 30.43
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.37
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 50.6 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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