NIACL
FAIRLY_VALUEDNew India Assurance
Insurance · NSE
↑ 21.4% vs fair value
52W Low
₹117
+5.9% from low
52W High
₹215
-42.3% from high
Valuation Gauge
Current Price
₹124
Fair Value
₹158
Fair Value Analysis
₹158
Based on balance sheet strength analysis and book value multiple and dividend growth model for Insurance sector companies | Sector-cheap: P/E at 18th percentile vs sector peers. | CAUTION: ROCE declining (latest 2.8%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 4.7% (ROE 4.1%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹610Cr (FY2019) to ₹198Cr (FY2022) during COVID but has fully recovered.
Balance Sheet Value
20% weight
P/B Multiple
50% weight
Dividend Growth Model
30% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 4.1% is below the Insurance sector benchmark of 12%
Debt & Leverage
D/E ratio of 0.0x is well within the Insurance sector norm of 3.0x — strong balance sheet
Valuation vs Peers
P/E of 17.0x trades at a 84% discount to Insurance sector median (108x) — attractively valued
Cash Flow
Negative cash flow of ₹-3,506 Cr — concerning for Insurance sector
Earnings Growth
5yr EPS CAGR of 74.7% is well above the Insurance sector average of 0.0% — strong growth
Dividend
Dividend yield of 1.5% provides moderate shareholder returns
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
7.8%
Free cash flow / market cap
Revenue Growth (YoY)
+12.8%
Year-on-year revenue change
Profit Growth (YoY)
+8.9%
Year-on-year PAT change
Operating Cash Flow
₹-3.4K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹7.3
P/E Ratio
17x
P/B Ratio
0.7x
ROE
4.1%
ROCE
—
Debt / Equity
0x
Beta
0.99
Div Yield
1.5%
FCF (Cr)
₹-3,506 Cr
Revenue (Cr)
₹44,064 Cr
EPS Growth 5Y
74.7%
Mkt Cap (Cr)
₹20,325 Cr
52W High
₹214.7
52W Low
₹117
Book Value/Share
₹175.2
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹48.9K Cr | ₹747 Cr | 2.0% | ₹1.2K Cr | ₹7.25 |
| 2025-03-31 | ₹43.4K Cr | ₹802 Cr | 2.0% | ₹1.0K Cr | ₹6.29 |
| 2024-03-31 | ₹43.3K Cr | ₹1.3K Cr | 3.0% | ₹1.1K Cr | ₹6.77 |
| 2023-03-31 | ₹41.0K Cr | ₹1.3K Cr | 3.0% | ₹1.1K Cr | ₹6.36 |
| 2022-03-31 | ₹35.8K Cr | ₹177 Cr | 0.0% | ₹198 Cr | ₹1.18 |
| 2021-03-31 | ₹33.1K Cr | ₹2.1K Cr | 6.0% | ₹1.6K Cr | ₹9.95 |
| 2020-03-31 | ₹28.3K Cr | ₹-1.1K Cr | -4.0% | ₹1.4K Cr | ₹8.75 |
| 2019-03-31 | ₹27.7K Cr | ₹-284 Cr | -1.0% | ₹610 Cr | ₹3.67 |
| 2018-03-31 | ₹19.8K Cr | ₹-4.8K Cr | -24.0% | ₹2.2K Cr | ₹13.29 |
| 2017-03-31 | ₹20.2K Cr | ₹-458 Cr | -2.0% | ₹1.1K Cr | ₹26.15 |
| 2016-03-31 | ₹15.2K Cr | ₹-3.0K Cr | -20.0% | ₹959 Cr | ₹24.03 |
| 2015-03-31 | ₹13.4K Cr | ₹-3.8K Cr | -28.0% | ₹1.4K Cr | ₹35.40 |
| 2014-03-31 | ₹11.0K Cr | ₹-3.4K Cr | -31.0% | ₹830 Cr | ₹20.75 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Insurance| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
General Insurance Corporation | ₹384 | ₹567.9 | +32.4% | 6.9 | 10.1% | UNDERVALUED |
New India Assurance | ₹123.9 | ₹157.6 | +21.4% | 17 | 4.1% | FAIRLY_VALUED |
Life Insurance Corporation Of India | ₹746.8 | ₹721.3 | -3.5% | 8.8 | 37.3% | FAIRLY_VALUED |
ICICI Lombard General Insurance | ₹1,718.7 | ₹616.5 | -178.8% | 31 | 17.3% | OVERVALUED |
Star Health Insurance | ₹469 | ₹132.6 | -253.7% | 62.1 | 6.0% | OVERVALUED |
HDFC Life Insurance | ₹581.7 | ₹106.6 | -445.8% | 64.5 | 11.3% | OVERVALUED |
Go Digit General Insurance | ₹320 | ₹58.5 | -446.8% | 57.8 | 11.0% | OVERVALUED |
ICICI Prudential Life Insurance | ₹514 | ₹88.3 | -482.1% | 53.2 | 10.9% | OVERVALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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