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Last Updated: April 2, 2026, 4:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543526 | NSE: LICI

Life Insurance Corporation of India: Intrinsic Value & Share Price Analysis

Fair Value

₹740.59Fairly Valued by 0.73%vs CMP ₹746.00

P/E (8.9) × ROE (45.7%) × BV (₹224.00) × DY (1.61%)

₹927.66Undervalued by 24.35%vs CMP ₹746.00
MoS: +19.6% (Adequate)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,234.2723%Under (+65.5%)
Graham NumberEarnings₹650.0017%Over (-12.9%)
Earnings PowerEarnings₹544.5311%Over (-27%)
DCFCash Flow₹2,055.7611%Under (+175.6%)
Net Asset ValueAssets₹224.407%Over (-69.9%)
EV/EBITDAEnterprise₹850.349%Under (+14%)
Earnings YieldEarnings₹838.307%Under (+12.4%)
ROCE CapitalReturns₹6.557%Over (-99.1%)
Revenue MultipleRevenue₹1,407.076%Under (+88.6%)
Consensus (9 models)₹927.66100%Undervalued
Key Drivers: EPS CAGR 66.7% lifts DCF — verify sustainability. | Wide model spread (₹7–₹2,056) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 66.7%

*Investments are subject to market risks

Investment Snapshot

79
Life Insurance Corporation of India scores 79/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 53.1% ExcellentROE 45.7% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.10% (6mo) Slight increasePromoter holding at 96.5% Stable
Earnings Quality75/100 · Strong
OPM expanding (2% → 5%) ImprovingWorking capital: 38 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +23% YoY Positive
Industry Rank85/100 · Strong
P/E 8.9 vs industry 111.2 Cheaper than peersROCE 53.1% vs industry 19.3% Above peersROE 45.7% vs industry 17.9% Above 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, 4:54 am

Market Cap 4,71,845 Cr.
Current Price 746
Intrinsic Value₹927.66
High / Low 980/722
Stock P/E8.90
Book Value 224
Dividend Yield1.61 %
ROCE53.1 %
ROE45.7 %
Face Value 10.0
PEG Ratio0.13

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

View Share Price Target for Life Insurance Corporation of India

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Life Insurance Corporation of India 4,71,845 Cr. 746 980/7228.90 2241.61 %53.1 %45.7 % 10.0
SBI Life Insurance Company Ltd (SBILIFE) 1,79,590 Cr. 1,790 2,133/1,43172.4 1900.15 %16.9 %15.1 % 10.0
HDFC Life Insurance Company Ltd 1,23,632 Cr. 573 821/56965.4 81.60.37 %6.58 %10.8 % 10.0
ICICI Prudential Life Insurance Company Ltd 74,399 Cr. 513 707/50654.3 92.90.17 %11.9 %10.4 % 10.0
Max Financial Services Ltd 50,987 Cr. 1,477 1,892/1,085355 1540.00 %8.13 %7.26 % 2.00
Industry Average180,090.60 Cr1,019.80111.20148.500.46%19.32%17.85%8.40

All Competitor Stocks of Life Insurance Corporation of India

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 197,714201,231190,163203,033214,054238,717211,952231,132203,751243,134224,671241,524235,954
Expenses 194,094189,692180,169194,558204,815237,152202,180224,544191,818221,621214,198232,032223,588
Operating Profit 3,62011,5399,9948,4759,2391,5649,7736,58811,93421,51410,4749,49212,366
OPM % 2%6%5%4%4%1%5%3%6%9%5%4%5%
Other Income 27061211728820614,2491,0017948189547801,044822
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 3,89112,15110,1118,7639,44515,81310,7747,38212,75222,46811,25310,53713,188
Tax % -63%8%14%13%15%12%15%16%14%15%15%14%15%
Net Profit 7,30613,1899,6348,0329,43413,84210,5277,72311,00919,03910,95510,09612,908
EPS in Rs 11.5620.8615.2312.7014.9721.8816.6712.2217.4030.1017.3215.9720.44

Last Updated: March 3, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 12, 2026, 5:10 pm

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 571,508628,043690,914723,606784,628845,966889,970945,284
Expenses 565,587634,989691,166720,280750,498813,316836,692891,439
Operating Profit 5,920-6,947-2523,32634,13032,65153,27853,846
OPM % 1%-1%-0%0%4%4%6%6%
Other Income 2,61520,87012,8209,2487,80014,8293,4953,600
Interest 00000000
Depreciation 3363794174364664665060
Profit before tax 8,19913,54412,15112,13841,46347,01456,26757,446
Tax % 68%80%76%66%13%13%14%
Net Profit 2,6272,7102,9744,12535,99740,91648,32052,998
EPS in Rs 6.5256.9164.6976.4083.83
Dividend Payout % 2%2%0%23%5%15%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)3.16%9.74%38.70%772.65%13.67%18.10%
Change in YoY Net Profit Growth (%)0.00%6.58%28.96%733.95%-758.99%4.43%

Life Insurance Corporation of India has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: Unknown

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1001001006,3256,3256,3256,3256,325
Reserves 7109026,7845,01239,90876,422120,901135,608
Borrowings 269,401253,414410001
Other Liabilities 3,157,0393,245,4193,822,6374,242,7194,532,2585,233,3005,533,3425,769,322
Total Liabilities 3,427,2493,499,8343,829,5244,254,0584,578,4915,316,0475,660,5685,911,256
Fixed Assets 25,19428,21617,72317,77020,47320,66721,3304,530
CWIP 7107341481993314033260
Investments 2,900,2872,976,1003,517,4453,926,2114,243,0084,976,1335,298,4295,571,626
Other Assets 501,059494,784294,208309,878314,678318,844340,483335,099
Total Assets 3,427,2493,499,8343,829,5244,254,0584,578,4915,316,0475,660,5685,911,256

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 13,27454,36780,602-3,78354,51926,548-9,145
Cash from Investing Activity + 9,636-40,415148,44712,531-52,848-25,69540,832
Cash from Financing Activity + -13,700-18,664-256,1250-949-4,427-3,794
Net Cash Flow 9,210-4,712-27,0778,748722-3,57427,893
Free Cash Flow 11,28153,44786,765-3,87953,97625,835-9,860
CFO/OP 500%-908%-27,549%108%143%64%-18%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-264.00-259.00-256.002.0034.0032.0053.00

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 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 0000000
Inventory Days
Days Payable
Cash Conversion Cycle 0000000
Working Capital Days 78633542433938
ROCE %5%9%131%143%73%53%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%
FIIs 0.08%0.08%0.10%0.06%0.14%0.19%0.16%0.07%0.10%0.11%0.13%0.20%
DIIs 0.90%0.83%0.84%1.00%0.85%0.94%1.16%1.26%1.27%1.37%1.35%1.33%
Public 2.52%2.58%2.55%2.43%2.49%2.37%2.17%2.15%2.13%2.02%2.03%1.96%
No. of Shareholders 33,78,79932,81,54431,34,54129,36,74027,16,18125,63,69323,98,13023,75,39623,71,84122,77,18022,27,96621,55,417

Shareholding Pattern Chart

No. of Shareholders

Life Insurance Corporation of India: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Multi Asset Allocation Fund 3,863 0.24 5000N/AN/AN/A
ICICI Prudential Multi Asset Fund 9,134,858 0.93 775.918,272,3012026-03-16 01:46:3810.43%
ICICI Prudential Value Fund 8,536,263 1.2 725.07N/AN/AN/A
Quant ELSS Tax Saver Fund 6,867,735 4.83 583.35N/AN/AN/A
Kotak Multicap Fund 3,539,880 1.26 300.68N/AN/AN/A
SBI Contra Fund 3,101,220 0.54 263.42N/AN/AN/A
ICICI Prudential Equity & Debt Fund 2,938,802 0.5 249.622,278,4212026-02-23 00:15:3628.98%
Quant Flexi Cap Fund 2,781,672 3.72 236.283,231,2532026-03-12 05:25:50-13.91%
SBI Balanced Advantage Fund 2,418,084 0.5 205.39N/AN/AN/A
SBI ELSS Tax Saver Fund 2,347,834 0.62 199.43N/AN/AN/A

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 76.4064.6956.916.524.70
Diluted EPS (Rs.) 76.4064.6956.916.524.70
Cash EPS (Rs.) 69.6058.9951.030.57267.39
Book Value[Excl.RevalReserv]/Share (Rs.) 201.15130.8273.2818.11698.13
Book Value[Incl.RevalReserv]/Share (Rs.) 201.15130.8273.2818.11698.32
Revenue From Operations / Share (Rs.) 1407.071337.501240.521144.3769094.19
PBDIT / Share (Rs.) 87.4466.9669.159.761358.35
PBIT / Share (Rs.) 86.6466.2268.419.071316.68
PBT / Share (Rs.) 86.4166.0268.298.931305.32
Net Profit / Share (Rs.) 68.8058.2550.30-0.11225.73
NP After MI And SOA / Share (Rs.) 76.3964.6956.916.52297.41
PBDIT Margin (%) 6.215.005.570.851.96
PBIT Margin (%) 6.154.955.510.791.90
PBT Margin (%) 6.144.935.500.781.88
Net Profit Margin (%) 4.884.354.050.000.32
NP After MI And SOA Margin (%) 5.424.834.580.560.43
Return on Networth / Equity (%) 37.9849.4477.8636.3843.21
Return on Capital Employeed (%) 0.970.790.950.130.35
Return On Assets (%) 0.850.760.780.090.07
Asset Turnover Ratio (%) 0.160.170.170.170.18
Current Ratio (X) 4.323.093.322.782.23
Quick Ratio (X) 4.323.093.322.782.23
Dividend Payout Ratio (NP) (%) 7.8510.822.630.670.42
Dividend Payout Ratio (CP) (%) 7.7710.692.600.600.37
Earning Retention Ratio (%) 92.1589.1897.3799.3399.58
Cash Earning Retention Ratio (%) 92.2389.3197.4099.4099.63
Interest Coverage Ratio (X) 387.69331.18564.8571.21119.55
Interest Coverage Ratio (Post Tax) (X) 328.43279.85488.24-26.2435.12
Enterprise Value (Cr.) 436329.36536812.76292784.510.000.00
EV / Net Operating Revenue (X) 0.490.630.370.000.00
EV / EBITDA (X) 7.8912.686.690.000.00
MarketCap / Net Operating Revenue (X) 0.560.680.430.000.00
Retention Ratios (%) 92.1489.1797.3699.3299.57
Price / BV (X) 3.986.997.310.000.00
Price / Net Operating Revenue (X) 0.560.680.430.000.00
EarningsYield 0.090.070.100.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Life Insurance Corporation of India is a Public Limited Listed company incorporated on 01/09/1956 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is U74140HR2021FTC096642 and registration number is 512. Currently Company is involved in the business activities of Life insurance. Company's Total Operating Revenue is Rs. 886763.26 Cr. and Equity Capital is Rs. 6325.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Life InsuranceYogakshema, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Doraiswamy RamchandranManaging Director & CEO
Mr. Dinesh PantManaging Director
Mr. Ratnakar PatnaikManaging Director
Mr. Sat Pal BhanooManaging Director
Dr. Ranjan SharmaIndependent Director
Prof. Anil KumarIndependent Director
Mr. Vinod Kumar VermaIndependent Director
Mrs. Anjuly Chib DuggalIndependent Director
Mr. G MahalingamIndependent Director
Mr. Raj KamalIndependent Director
Dr. V S ParthasarthyIndependent Director
Mr. Muthu Raju Paravasa Raju Vijay KumarIndependent Director
Dr. Parshant Kumar GoyalGovernment Nominee Director

FAQ

What is the intrinsic value of Life Insurance Corporation of India and is it undervalued?

As of 14 April 2026, Life Insurance Corporation of India's intrinsic value is ₹927.66, which is 24.35% higher than the current market price of ₹746.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (45.7 %), book value (₹224), dividend yield (1.61 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Life Insurance Corporation of India?

Life Insurance Corporation of India is trading at ₹746.00 as of 14 April 2026, with a FY2026-2027 high of ₹980 and low of ₹722. The stock is currently near its 52-week low. Market cap stands at ₹4,71,845 Cr..

How does Life Insurance Corporation of India's P/E ratio compare to its industry?

Life Insurance Corporation of India has a P/E ratio of 8.90, which is below the industry average of 111.20. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Life Insurance Corporation of India financially healthy?

Key indicators for Life Insurance Corporation of India: ROCE of 53.1 % indicates efficient capital utilization; ROE of 45.7 % shows strong shareholder returns. Dividend yield is 1.61 %.

Is Life Insurance Corporation of India profitable and how is the profit trend?

Life Insurance Corporation of India reported a net profit of ₹48,320 Cr in Mar 2025 on revenue of ₹889,970 Cr. Compared to ₹4,125 Cr in Mar 2022, the net profit shows an improving trend.

Does Life Insurance Corporation of India pay dividends?

Life Insurance Corporation of India has a dividend yield of 1.61 % at the current price of ₹746.00. 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 Life Insurance Corporation of India. 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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