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Swing Capital

Life Insurance Corporation of India

NSE: LICI BSE: 543526Finance

Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.[1]

₹792
52W: ₹722 — ₹980
PE 9.53 · Book ₹223 · +255% vs book
Market Cap₹5,00,718 Cr
Stock P/E9.53Price to Earnings
ROCE53.4%Return on Capital
ROE46%Return on Equity
Div. Yield1.53%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 77.5% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 63.7%

Weaknesses

  • −The company has delivered a poor sales growth of 7.56% over past five years.
  • −Tax rate seems low

Shareholding Pattern

Promoters96.5%
FIIs0.31%
DIIs1.27%
Public1.9%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters96.5%96.5%96.5%96.5%96.5%96.5%96.5%96.5%
FIIs0.19%0.16%▼0.00.07%▼0.10.1%▲0.00.11%▲0.00.13%▲0.00.2%▲0.10.31%▲0.1
DIIs0.94%1.16%▲0.21.26%▲0.11.27%▲0.01.37%▲0.11.35%▼0.01.33%▼0.01.27%▼0.1
Public2.37%2.17%▼0.22.15%▼0.02.13%▼0.02.02%▼0.12.03%▲0.01.96%▼0.11.9%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales2,02,2212,13,3452,38,0922,11,1292,30,3312,02,8232,42,4792,23,9172,40,6902,35,467
Expenses1,93,3792,02,6812,36,5442,00,0362,22,3541,90,8392,20,9872,12,0602,30,1442,21,386
Operating Profit8,84210,6641,54811,0937,97711,98521,49211,85710,54614,080
OPM %4%5%1%5%3%6%9%5%4%6%
Net Profit7,9259,44413,76310,4617,62111,05619,01310,98710,05312,958
EPS ₹12.5314.9321.7616.5412.0517.4830.0617.3715.8920.49

AI Insights

Revenue Trend

TTM revenue at ₹9,42,553Cr, up 6.3% YoY. OPM at 6%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 1.27% (+0.44pp change). FIIs: 0.31% (+0.23pp change). Promoters hold 96.5%.

Margin & Efficiency

ROCE improving from 0% (Mar 2017) to 53% (Mar 2025). Working capital days: 38.

Valuation

PE 9.53x with 53.4% ROCE. Price is 255% above book value of ₹223. Dividend yield: 1.53%.

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