New India Assurance Company Ltd share price logo

New India Assurance Company Ltd (NIACL)

₹285.590.85%

bell
Get free price alerts. Set up your Free investment account to get Live Prices.

🔔 Target Price Alert

Prabhudas Lilladher expects New India Assurance stock to double in next 18 months, as it maintains leadership position in Indian general insurance industry with highest market share of 12.78%

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 2 analysts

HOLD

66.67%

Buy

0.00%

Hold

33.33%

Sell

Based on 2 analysts offering long term price targets for New India Assurance Company Ltd. An average target of ₹237

Source: S&P Global Market Intelligence

New India Assurance Company Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹281.53
    ₹294.45
  • 52 Week's Low

    52 Week's High

    ₹115.2
    ₹324.7
1 Month Return+ 18.62 %
3 Month Return+ 31.65 %
1 Year Return+ 146.4 %
Previous Close₹288.04
Open₹290.00
Volume48.44L
Upper Circuit-
Lower Circuit-
Market Cap₹47,468.99Cr

Key Statistics

P/E Ratio42.48
PEG Ratio101.15
Market Cap₹47,468.99 Cr
P/B Ratio0.62
EPS6.44

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Motilal Oswal Nifty Midcap 150 Index Fund Direct GrowthMotilal Oswal Nifty Midcap 150 Index Fund Direct Growth0.18%
Nippon India Nifty Midcap 150 Index Fund Direct GrowthNippon India Nifty Midcap 150 Index Fund Direct Growth0.18%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct GrowthEdelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth0.63%
Tata Nifty Midcap 150 Momentum 50 Index Fund Direct GrowthTata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth0.63%
Motilal Oswal BSE Enhanced Value Index Fund Direct GrowthMotilal Oswal BSE Enhanced Value Index Fund Direct Growth0.26%

Company Information

New India Assurance Company Ltd is a leading general insurance company in India. Incorporated in 1919, the company is a wholly owned subsidiary of the Government of India with its headquarters in Mumbai.

New India Assurance provides a wide range of products and services including motor insurance, health insurance, travel insurance, property insurance, marine insurance, engineering insurance, liability insurance and liability insurance. Its popular brands include New India Assurance, New India Assurance Health, New India Assurance Travel, New India Assurance Property and New India Assurance Marine.

New India Assurance is one of the largest general insurance companies in India and is committed to providing quality insurance solutions to its customers. The company offers competitive premiums and a wide range of coverages to ensure that customers get the best value for their money.

Share Price: ₹285.59 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹47,468.99Cr as of today
Revenue: ₹11,721.43Cr as on March 2024 (Q1 24)
Net Profit: ₹307.78Cr as on March 2024 (Q1 24)
Listing date: 13 Nov, 2017
Chairperson Name: Neerja Kapur
OrganisationNew India Assurance Company Ltd
Headquarters
IndustryInsurance
E-voting on sharesClick here to vote

Key events for New India Assurance Company Ltd

  • New India Assurance Company Ltd Stock Expected to Double in 18 Months: Prabhudas Lilladher - 15 Jul, 2024

    Prabhudas Lilladher has highlighted New India Assurance as the leader in Indian general insurance with a market share of 12.78%. The brokerage expects the stock to double in the next 18 months, currently trading at ₹286.50. The company aims to improve ROE to 10% by increasing market share and leveraging economies of scale.

  • New India Assurance Loses Market Share Due to Modest Growth - 10 Jul, 2024

    New India Assurance Company Ltd experienced a 3.8% increase in June and a 2.8% rise for Q1, leading to a loss of market share from 16.16% to 14.6% YoY.

  • NIACL Stock Positioned for Gradual Reversal - 08 Jul, 2024

    New India Assurance Company Ltd (NIACL) has seen a volume-backed breakout after consolidation and is positioned for a gradual reversal. Technical indicators signal potential upside, with a recommended buy at Rs 270-265, SL: Rs 240, TGT: Rs 320-330.

  • New India Assurance Company Ltd Posts 28% Gain in Share Price - 05 Jul, 2024

    The New India Assurance Company Ltd has seen a 28% gain in share price over the past month, resulting in an annual gain of 116%. However, with a P/E ratio of 37.8x and below-average earnings growth, investors may be paying too much for exposure to the stock.

  • Girija Subramanian Appointed CMD of New India Assurance - 20 Jun, 2024

    Shares of New India Assurance Company Ltd (NIACL) rose by 4.2% after the appointment of Girija Subramanian as Chairperson cum Managing Director. She previously served as Chief Managing Director of Agriculture Insurance Company and has over 34 years of experience in reinsurance departments across various lines of business.

Insights on New India Assurance Company Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, NIACL stock has moved up by 4.4%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 9.87K Cr → 11.72K Cr (in ₹), with an average increase of 5.5% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.04% to 0.05% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.77% to 0.82% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, NIACL has outperformed top 5 stocks with highest market-cap in Multiline Insurance & Brokers

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, NIACL has outperformed top 5 stocks with highest market-cap in Multiline Insurance & Brokers

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 85.44% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 721.5 Cr → 310.88 Cr (in ₹), with an average decrease of 56.9% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 2.08% to 1.99% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹11,721.43Cr
↑3.13%
Net Income
₹307.78Cr
↓56.83%
Net Profit Margin
2.63%
↓58.05%
2023Y/Y Change
Revenue
₹41,007.35Cr
↑14.48%
Net Income
₹1,061.29Cr
↑496.50%
Net Profit Margin
2.59%
↑418.00%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹97,013.07Cr
↑1.74%
Total Liabilities
₹71,368.53Cr
↑1.39%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹5,845.69Cr
↑43.82%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
85.44%
0.00
Foreign Institutions
0.82%
0.00
Mutual Funds
0.05%
0.00
Retail Investors
1.99%
0.00
Others
11.71%
0.00

Key Indicators

New India Assurance Company Ltd Valuation

New India Assurance Company Ltd in the last 5 years

  • Overview

  • Trends

Lowest (5.58x)

February 19, 2019

Industry (26.50x)

July 12, 2024

Today (42.48x)

July 12, 2024

Highest (164.88x)

December 20, 2022

LowHigh

Earnings and Dividends

  • New India Assurance Company Ltd Earnings Results

    New India Assurance Company Ltd’s net profit jumped 146.5% since last year same period to ₹310.88Cr in the Q4 2023-2024. On a quarterly growth basis, New India Assurance Company Ltd has generated -56.91% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • New India Assurance Company Ltd Dividends May,2024

    In the quarter ending March 2024, New India Assurance Company Ltd has declared dividend of ₹2.06 - translating a dividend yield of 1.39%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

New India Assurance Company Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy New India Assurance Company Ltd shares.

New India Assurance Company Ltd (NIACL) share price today is ₹285.59

New India Assurance Company Ltd is listed on NSE

New India Assurance Company Ltd is listed on BSE

  • Today’s highest price of New India Assurance Company Ltd is ₹294.45.
  • Today’s lowest price of New India Assurance Company Ltd is ₹281.53.

PE Ratio of New India Assurance Company Ltd is 42.48

PE ratio = New India Assurance Company Ltd Market price per share / New India Assurance Company Ltd Earnings per share

Today’s traded volume of New India Assurance Company Ltd(NIACL) is 48.44L.

Today’s market capitalisation of New India Assurance Company Ltd(NIACL) is ₹47468.99Cr.

New India Assurance Company Ltd(NIACLPrice
52 Week High
₹324.7
52 Week Low
₹115.2

New India Assurance Company Ltd(NIACL) share price is ₹285.59. It is down -12.04% from its 52 Week High price of ₹324.7

New India Assurance Company Ltd(NIACL) share price is ₹285.59. It is up 147.91% from its 52 Week Low price of ₹115.2

New India Assurance Company Ltd(NIACLReturns
1 Day Returns
-2.45%
1 Month Returns
18.62%
3 Month Returns
31.65%
1 Year Returns
146.4%