New India Assurance Company Ltd Share Price

General Insurance

NSE: NIACL Small Cap ISIN: INE470Y01017

As on 22 January 2025 at 14:59 IST

₹186.16

-4.48

(-2.35%)

Sell Buy

About New India Assurance Company Ltd

The New India Assurance Company Ltd is a prominent public sector insurance company in India. It specializes in providing a wide range of general insurance products, including vehicle insurance and health insurance. It operates in the insurance sector, specifically focusing on the general insurance sector. The company was founded on July 23, 1919, by Sir Dorabji Tata and has been in business for over a century. The company's headquarters is in Mumbai, Maharashtra. NIACL offers a diverse range of insurance products tailored to meet the needs of various customer segments. Read More...

Over 1 Month

-5.74%

Over 6 Months

-29.61%

Over 1 Year

-16.02%

Over 3 Years

38.30%

New India Assurance Company Ltd Summary

Close ₹ 186.16

Open ₹ 192

High ₹ 192.88

Low ₹ 183.35

Volume 3,55,469

Net Turnover (in ₹) ₹ 9,72,51,045.23

52Wk High ₹ 324.70

52Wk Low ₹ 168.80

52Wk High / Low

168.80

324.70

New India Assurance Company Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 31,417.47

EPS (TTM) 8.23

Book Value (BV) 180.34

Div. Yield 1.09 %

P/E (TTM) 23.15

Price/Book Value 1.06

Delivery % 32.93 %

Face Value 5

Key Ratios

PE Ratio 33.22

PB Ratio 1.34

EV to Sales 0.54

PEG Ratio 4.72

ROA 2.53

ROE 4.21

Debt-Equity -

Net Profit Margin 2.60

Operating Profit Margin 3.45

New India Assurance Company Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profit Before Tax	1,412.10	1,256.46	177.61	2,059.76	1,659.03
Profit After Tax	1,091.12	1,061.29	177.92	1,627.75	1,435.67

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	490.85	577.91	580.79	562.57	582.88
Total Current Assets	24,888.63	22,248.31	23,184.40	23,083.59	22,365.39

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	-4,671.83	-5,855.35	-4,051.50	776.89	-967.08
Net Cash used in Investing Activities	6,907.85	5,700.76	4,899.50	-333.64	2,824.95
Net Cash used in Financing Activities	-325.82	-64.77	-5.66	76.80	-299.80

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profit Before Tax	1,445.48	1,245.22	159.91	2,036.72	1,638.83
Profit After Tax	1,129.33	1,055.39	164.27	1,604.69	1,417.75

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	417.30	431.41	438.70	422.68	491.54
Total Current Assets	24,775.69	22,033.94	22,939.86	22,838.41	22,187.85

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	-4,677.69	-5,845.69	-4,064.53	751.34	-965.54
Net Cash used in Investing Activities	6,956.27	5,671.52	4,869.78	-250.20	2,830.38
Net Cash used in Financing Activities	-318.06	-49.30	-	9.74	-298

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	10,785.91	10,417.91	11,685.87	11,366.01	10,566.55
Total Expenses	10,645.82	10,148.32	11,251.58	10,499.76	10,813.02
Profit Before Tax	140.75	272.09	469.85	866.44	-241.99
Profit After Tax	73.56	232.80	307.78	713	-195.32
Operating Profit after Depreciation	140.75	272.09	469.85	866.44	-241.99

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	10,740.46	10,367.66	11,658.10	11,318.03	10,516.54
Total Expenses	10,608.31	10,115.01	11,172.53	10,449.24	10,801.82
Profit Before Tax	136.70	255.47	519.99	869	-279.55
Profit After Tax	71	216.97	353.93	715.17	-199.99
Operating Profit after Depreciation	136.70	255.47	519.99	869	-279.55

New India Assurance Company Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 188.09

S2 185.55

S3 180.89

Pivot 192.75

R1 195.29

R2 199.95

R3 202.49

Moving Average

20 SMA 196.27

50 SMA 195.28

100 SMA 209.45

200 SMA 227.83

New India Assurance Company Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

New India Assurance Company Ltd

₹2.06/Share

Announcement Date 06 Sep 2024

Record Date 06 Sep 2024

Div Yield 41.2%

AGM Date: 28 Sep 2022

AGM 28/09/2022 Pursuant to Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Report of the Company for the Financial Year 2021-22 along with Notice convening the 103rd Annual General Meeting of the Company scheduled to be held on Wednesday, September, 28 at 11:00 a.m. via video conferencing/ other audio visual means. The AGM Notice and Annual Report for the Financial Year 2021-22 is being circulated to Stock exchanges and the Members through electronic mode and will also be available on the Company's website at www.newindia.co.in. This is for the information of the exchange and the members (As Per BSE Announcement dated on 05.09.2022) Further to our letter to exchanges dated September 05, 2022 with regard to Notice of 103 AGM dated May23, 2022, we hereby inform that the Government of India vide Order No. F. No. A-11011/02/2022 - Ins. I dated 11th September, 2022 has appointed Ms. Neerja Kapur, General Manager of the Company as the Chairman cum Managing Director on the Board of The New India Assurance Co. Ltd., Mumbai, with effect from 12.09.2022. The same has been placed as Item No. 7 along with explanatory statement attached thereto. (Copy enclosed) This is for your kind information and record. (As Per BSE Announcement Dated on 12.09.2022) the 103rd Annual General Meeting (AGM) of the Company was held on Wednesday, 28th September 2022 at 11.00 a.m. (IST) through VC/ OAVM to transact the business as stated in the Notice dated 23rd May, 2022, convening the AGM. We would like to inform that all the items of business contained in the said AGM Notice were transacted and passed by the Members with requisite majority. The Company also facilitated the live webcast of the proceedings. In this regard, please find enclosed summary of the AGM along with various Annexures. The Meeting concluded at 12:00 p.m. (1ST). The Consolidated voting results along with the Scrutinizer''s Report is available on the Company''s website at www.newindia.co.in and on the website of National Securities Depository Limited at www.evoting.nsdl.com Pursuant to Regulation 34 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find attached copy of Annual Report for the Financial Year 2021-22, which was adopted at the AGM held on 28th September, 2022. You are requested to kindly take the same on records. (As per BSE Announcement Dated on 28/9/2022)

AGM Date: 22 Sep 2023

AGM 22/09/2023 Pursuant to Regulation 30 of SEBI (LODR) the newspaper publication copies of the notice of the 104th AGM of the Company is annexed for your reference and record. (As Per BSE Announcement Dated on 01/09/2023) The summary proceedings and voting results of the 104th AGM of the Company held on September 22, 2023 (As Per BSE Announcement dated on 22.09.2023)

AGM Date: 24 Sep 2024

AGM 24/09/2024 PFA the letter with reference to the captioned subject. (As Per BSE Announcement Dated on 31.08.2024) PFA the letter with reference to captioned subject (As Per BSE Announcement dated on 24.09.2024) The Scrutinizer''s Report dated 24 September 2024, pursuant to Section 108 of the Act read with rule 20 of the Companies Act. (As Per BSE Announcement Dated on 25.09.2024)

New India Assurance Company Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
New India Assurance Company Ltd	₹190.55	₹31,402.64
Life Insurance Corporation of India	₹837.80	₹5,29,908.31
SBI Life Insurance Company Ltd	₹1,467.25	₹1,47,031.51
HDFC Life Insurance Company Ltd	₹623.65	₹1,34,259.55
ICICI Lombard General Insurance Company Ltd	₹1,902.95	₹94,241.83
ICICI Prudential Life Insurance Company Ltd	₹635.90	₹91,901.82

New India Assurance Company Ltd News

New India Assurance Company to discuss results

On 27 January 2025

18 Jan 2025, 10:53 am

New India Assurance Company receives ratings action from AM BEST

13 Dec 2024, 12:12 pm

New India Assurance Co to invest Rs 5 cr in Bima Sugam

11 Dec 2024, 06:42 pm

New India Assurance spurts on Rs 1,945-cr IT refund order

The New India Assurance Company jumped 4.93% to Rs 189.30 after the firm informed that it will receive refund of Rs 1,945.08 crore including interest from the Income Tax Department for assessment years 2013'14 to 2019-20.

26 Nov 2024, 12:20 pm

New India Assurance rises on reporting turnaround Q2 numbers

The New India Assurance Company added 1.66% to Rs 199.15 after the company reported consolidated net profit of Rs 73.56 crore in Q2 FY25 as compared with net loss of Rs 195.32 crore in Q2 FY24.

01 Nov 2024, 06:22 pm

New India Assurance Company Ltd Stock Analysis

Annual Net Profit for New India Assurance Company Ltd increased by 7.01% to ₹1,129.33 crore in FY 2024 from ₹1,055.39 crore in FY 2023.
Promoter Shareholding in New India Assurance Company Ltd remains unchanged by 0.00% in the most recent quarter, from 85.44% in September 2024 to 85.44% in December 2024.
New India Assurance Company Ltd delivered a 1-year return of -16.02% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
New India Assurance Company Ltd share price moved down by 2.35% from its previous close of INR ₹190.64. The latest New India Assurance Company Ltd share price is INR ₹186.16.
New India Assurance Company Ltd share price today has been at a low of 183.35 and a high of 192.88. Over the past 52 weeks, the New India Assurance Company Ltd share price has seen a low of 168.80 and a high of 324.70.

About New India Assurance Company Ltd

New India Assurance Company Ltd (NIACL) is a prominent public sector insurance company in India. The company specializes in offering a wide range of general insurance products. These include vehicle insurance, health insurance, marine insurance, property insurance, crop insurance, and aviation insurance. The company operates within the insurance sector, with a specific focus on general insurance.

The company was founded on July 23, 1919, by Sir Dorabji Tata. With over a century in business, NIACL is one of the oldest insurance companies in India. The company's headquarters is in Mumbai, Maharashtra. The promoters of the company include the President of India, with an 85.44% stake. Girija Subramanian serves as the Chairman & Managing Director of the company. There is also a team of managerial promoters who manage the operations of the company. They are-

Titus Francis Maliakkel
Smita Srivastava
Surender Kumar Agarwal
Akani Devi

NIACL offers a diverse range of insurance products tailored to meet the needs of various customer segments. Some of its key products include private car package policies, two-wheeler package policies, and commercial vehicle package policies. It also offers health insurance policies, such as the Arogya Sanjeevani Policy, along with specialized products like marine cargo insurance and crop insurance.

In terms of market position, NIACL is the largest nationalized general insurance company in India. This is based on its gross premium collection, including revenue from its foreign operations. This highlights its significant market share and dominance in the general insurance sector.

The registered office of NIACL is in M G Road, Fort, Mumbai. Meanwhile the office of the registrars is in Vikhroli, Mumbai. NIACL's long-standing presence, diverse product portfolio, and significant market share make it a key player in the Indian insurance industry. Its government backing further solidifies its position as a reliable and trusted insurer.

The vision of The New India Assurance Company Limited

The vision of New India Assurance Company Ltd (NIACL) is to be the most trusted and preferred insurer in the general insurance sector. This vision is based on the company's commitment to offering comprehensive insurance solutions. These solutions are designed to meet the diverse needs of its customers. NIACL aims to achieve this by continuously innovating its product offerings. Additionally, it focuses on enhancing customer service.

NIACL envisions a future where insurance is accessible to everyone, regardless of their socio-economic status. The company strives to bridge the gap between urban and rural areas by extending its reach to the remotest parts of the country. The goal of NIACL is to ensure that every individual and business has access to reliable insurance coverage.

Customer satisfaction is at the core of NIACL's vision. The company is committed to understanding the evolving needs of its customers. It focuses on providing tailored solutions that address those needs. This involves regular feedback mechanisms and a customer-centric approach in all its operations. NIACL believes that a satisfied customer is the best brand ambassador and, thus, places a high emphasis on delivering exceptional service.

Innovation is another key aspect of NIACL's vision. The company recognizes the importance of staying ahead in a competitive market by adopting the latest technologies and practices. This includes leveraging digital platforms to offer seamless and convenient services to customers. They are committed to investing in technology to enhance its operational efficiency and provide a superior customer experience.

NIACL also envisions playing a significant role in the economic development of the country. The company aims to support various sectors by providing comprehensive insurance solutions that mitigate risks and promote growth. This includes offering specialized insurance products for industries such as agriculture and infrastructure. NIACL believes that protecting businesses and individuals is essential for economic stability. It also contributes to the overall progress of the nation.

The company is also focused on building a strong and motivated workforce. NIACL envisions creating a work environment that fosters growth and development. The company invests in training and development programs. These initiatives equip its employees with the necessary skills and knowledge. This not only enhances employee satisfaction but also ensures that the company has a competent and dedicated team to achieve its vision.

NIACL's vision also includes a strong focus on corporate governance and ethical practices. The company is dedicated to maintaining the highest standards of transparency and integrity in all its dealings. This involves adhering to regulatory requirements and implementing robust internal controls. NIACL believes that good corporate governance is essential for building trust and credibility with its stakeholders.

The vision of New India Assurance Company Ltd is to be a leader in the general insurance sector by providing innovative and customer-centric solutions. The company aims to make insurance accessible to all and promote sustainability. With a strong focus on customer satisfaction and ethical practices, NIACL is well-positioned to achieve its vision. The company is poised to continue its legacy of excellence in the insurance industry.