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Swing Capital

New India Assurance Company Ltd

NSE: NIACL BSE: 540769Finance

New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake.

₹162
52W: ₹117 — ₹215
PE 19.3 · Book ₹167 · -3% vs book
Market Cap₹26,780 Cr
Stock P/E19.3Price to Earnings
ROCE4.53%Return on Capital
ROE4.97%Return on Equity
Div. Yield1.1%Face Value ₹5

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 0.97 times its book value
  • +Company has been maintaining a healthy dividend payout of 27.2%

Weaknesses

  • −The company has delivered a poor sales growth of 8.60% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 4.25% over last 3 years.
  • −Earnings include an other income of Rs.892 Cr.

Shareholding Pattern

Promoters85.44%
FIIs1.01%
DIIs11.17%
Public2.39%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%
FIIs0.8%0.86%▲0.10.84%▼0.00.91%▲0.11.01%▲0.11.01%1%▼0.01.01%▲0.0
DIIs11.64%11.28%▼0.411.18%▼0.111.2%▲0.011.18%▼0.011.18%11.15%▼0.011.17%▲0.0
Public2.12%2.43%▲0.32.55%▲0.12.45%▼0.12.37%▼0.12.37%2.4%▲0.02.39%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales11,31811,65810,36810,74010,66711,61611,66213,42212,01312,488
Expenses10,44911,17310,11510,60810,55911,16711,47513,45111,81212,477
Operating Profit869486253132107450187-2920111
OPM %8%4%2%1%1%4%2%0%2%0%
Net Profit7153542177135334739163372558
EPS ₹4.342.151.320.432.142.12.370.382.253.38

AI Insights

Revenue Trend

Mar 2026 revenue at ₹49,586Cr, up 21.4% YoY. OPM at 1%.

Debt Position

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

Institutional Flow

DIIs: 11.17% (-0.76pp change). FIIs: 1.01% (+0.35pp change). Promoters hold 85.44%.

Margin & Efficiency

ROCE improving from 1% (Mar 2015) to 5% (Mar 2026). Working capital days: -441.

Valuation

PE 19.3x with 4.53% ROCE. Price is -3% above book value of ₹167. Dividend yield: 1.1%.

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