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The New India Assurance Company Ltd (NIACL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540769 NSE: NIACL Insurance | Small Cap | New India Assurance Share Price
₹183.75 4.70 (2.62%)
As on 17-Aug'26 16:59
The New India Assurance Company Ltd (NIACL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540769 NSE: NIACL Insurance | Small Cap | New India Assurance Share Price
₹183.75 4.70 (2.62%)
As on 17-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹29,507 Cr.
Current Price
₹183.8
52-Week Low / High
₹117 / 218
TTM EPS
₹4.7
TTM Sales
₹38,995 Cr.
Book Value per Share
₹148.3
P/E Ratio
38.36
Higher than its 5-year historical median
Industry PE
14.5
Price to Book (P/B)
1.21
In line with its 5-year historical median
Price to Sales (P/S)
0.76
In line with its 5-year historical median
EV/EBITDA
15.41
Lower than its 5-year historical median
Dividend Yield
0.82%
Profitability Efficiency
Return on Equity (ROE)
5.95%
Return on Capital Employed (ROCE)
5.44%
Return on Assets (ROA)
3.41%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Revenue Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
36.24%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
8.22%
Asset Quality
Promoter Holding
85.44%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹23,610 Cr.
Equity
₹824 Cr.
Face Value
₹5
All Time Low / High
₹75.00 / 382.12
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is The New India Assurance Company Ltd a good quality company?
The New India Assurance Company Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The New India Assurance Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.7% | 18.5% | 4.2% | 10.2% | 11.9% | 1% | 6.5% | 6.7% | 4.9% | 5.4% | - |
| Value Creation Index ⓘ | -0.1 | 0.6 | -0.6 | -0.3 | 0.1 | -0.9 | -0.5 | -0.4 | -0.6 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| Adj EPS ⓘ | 6.2 | 12.7 | 3.7 | 8.8 | 10 | 1.2 | 6.7 | 8.7 | 6.3 | 8.6 | 4.7 |
| YoY Gr. | - | 103.7% | -71.1% | 138.4% | 13.7% | -88.1% | 464.4% | 30.6% | -27.7% | 36.3% | - |
| BVPS (₹) ⓘ | 77.9 | 96.6 | 99.4 | 99.3 | 112.5 | 115.4 | 126 | 132.9 | 138.4 | 149.7 | 148.3 |
| Adj Net Profit ⓘ | 997 | 2,091 | 605 | 1,442 | 1,640 | 195 | 1,097 | 1,435 | 1,037 | 1,412 | 770 |
| Cash Flow from Ops. ⓘ | -124 | 425 | -1,334 | -967 | 777 | -4,052 | -5,855 | -4,672 | -3,390 | -4,532 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | 3.6% | -2.9% | 8.8% | 36.3% | ||||
| BVPSⓘ | 7.5% | 5.9% | 5.9% | 8.2% | ||||
| Share Price | - | 5.6% | 13.6% | -0.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.1 | 14.5 | 3.7 | 8.3 | 8.7 | 1 | 5.4 | 6.7 | 4.6 | 6 | - |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -190 |
Valuation of New India Assurance - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue From Operation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income From Investments | 1,525 | 1,653 | 2,159 | 2,329 | 1,979 | 2,012 | 3,007 | 2,710 | 2,303 | 3,069 |
| Other Income ⓘ | 218 | 102 | 42 | 55 | 29 | 95 | 65 | 15 | 93 | 892 |
| Operating Expenses | 4 | 19 | 41 | 1083 | 538 | 452 | 3985 | 680 | 221 | 2811 |
| Profit Before Tax | 1,163 | 2,624 | 677 | 1,666 | 2,072 | 194 | 1,293 | 1,437 | 1,087 | 1,292 |
| Tax ⓘ | 166 | 533 | 72 | 223 | 432 | -0 | 195 | 321 | 50 | -121 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 997 | 2,091 | 605 | 1,442 | 1,640 | 195 | 1,097 | 1,116 | 1,037 | 1,412 |
| Adjusted EPS (₹) | 6.23 | 12.69 | 3.67 | 8.75 | 9.95 | 1.18 | 6.66 | 6.77 | 6.29 | 8.57 |
| Dividend Payout Ratio (%) | 31.10% | 34.50% | 40.90% | 0% | 0% | 25.40% | 0% | 30.40% | 28.60% | 17.50% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 200 | 412 | 824 | 824 | 824 | 824 | 824 | 824 | 824 | 824 |
| Reserve and Surplus | 12,479 | 15,776 | 15,732 | 17,272 | 18,940 | 19,006 | 20,349 | 21,070 | 21,979 | 23,854 |
| Fair Value A/C | 8044 | 8481 | 7606 | 3485 | 5841 | 6031 | 4748 | 6452 | 6239 | 3905 |
| Borrowings ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Policy Holders Fund | 15,712 | 14,483 | 14,743 | 6,865 | 12,937 | 14,049 | 13,432 | 17,143 | 15,188 | 10,010 |
| Funds For Appropriations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities ⓘ | 36,434 | 39,151 | 38,905 | 28,446 | 38,541 | 39,909 | 39,353 | 45,489 | 44,230 | 38,593 |
Assets | ||||||||||
| Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Loans | 309 | 314 | 282 | 319 | 328 | 336 | 345 | 377 | 387 | 430 |
| Total Net block | 374 | 560 | 561 | 558 | 547 | 563 | 564 | 471 | 527 | 513 |
| Total Assets ⓘ | 36,434 | 39,151 | 38,905 | 28,446 | 38,541 | 39,909 | 39,353 | 45,489 | 44,230 | 38,593 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -124 | 425 | -1,334 | -967 | 777 | -4,052 | -5,855 | -4,672 | -3,390 | -4,532 |
| Cash Flow From Investing Activity ⓘ + | 1,793 | -860 | 2,290 | 2,586 | -593 | 4,893 | 5,387 | 7,181 | 3,058 | 1,835 |
| Cash Flow From Financing Activity ⓘ + | -307 | 1,125 | -476 | -300 | 77 | -6 | -65 | -326 | -343 | -297 |
| Net Cash Flow ⓘ | 1,362 | 690 | 480 | 1,320 | 261 | 836 | -534 | 2,184 | -675 | -2,994 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.33 | 14.74 | 3.75 | 8.81 | 9.4 | 1.04 | 5.52 | 5.23 | 4.64 | 5.95 |
| ROCE (%) | 9.72 | 18.5 | 4.19 | 10.18 | 11.88 | 1.03 | 6.5 | 6.74 | 4.86 | 5.44 |
| Asset Turnover Ratio | 0.53 | 0.52 | 0.55 | 0.7 | 0.79 | 0.74 | 0.77 | 0.81 | 0.79 | 0.93 |
| PAT to CFO Conversion(x) | -0.12 | 0.2 | -2.2 | -0.67 | 0.47 | -20.78 | -5.34 | -4.19 | -3.27 | -3.21 |
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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The New India Assurance Company Ltd FAQs
The current trading price of New India Assurance on 17-Aug-2026 16:59 is ₹183.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Aug-2026 the market cap of New India Assurance stood at ₹29,507.4 Cr
The latest P/E ratio of New India Assurance as of 16-Aug-2026 is 40.10.
The latest P/B ratio of New India Assurance as of 16-Aug-2026 is 1.26.
The 52-week high of New India Assurance is ₹218.0 and the 52-week low is ₹117.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of New India Assurance is ₹38,776 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that The New India Assurance Company Ltd is a below average quality company.
The key valuation ratios of The New India Assurance Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The New India Assurance Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About The New India Assurance Company Ltd
The New India Assurance Company is a leading Public Sector General Insurance Company in India, majorly owned by the Government of India. Founded by Sir Dorabji Tata in 1919, it was nationalized in 1973. It is a dominant force in the Indian non-life insurance market, known for its extensive network with several offices across the country. The company has a significant global presence, operating in many countries.
The company boasts a remarkably diverse product portfolio, extending far beyond conventional offerings. The company provides complex and specialized coverage for large-scale operations, including aviation, marine insurance, or property insurance for large risks. At the other end of the spectrum, it caters to the rural and underserved markets with a range of micro-insurance products, demonstrating a commitment to serving a wide array of customers and their unique needs.
The Insurance Regulatory and Development Authority of India (IRDAI) has consistently identified the company as a Domestic Systemically Important Insurer (D-SII). This designation is reserved for insurers whose size, market importance, and domestic and global interconnectedness are so significant that their distress or failure could cause a major disruption to the domestic financial system.
Business area of the company
The company is a leading public sector general insurance company in India, owned by the Government of India.
Products
- Motor Insurance
- Health Insurance
- Travel Insurance
- Rural Insurance
- Agricultural Insurance
- Credit Insurance
- Engineering Insurance
- Aviation Insurance
- Personal Accident Insurance
- Liability Insurance
- Marine Hull Insurance
- Fire Insurance
- Marine Cargo Insurance
Awards
2014
- Indian Insurance Awards - Under Served Market Penetration - Genral Insurance
- Indian Insurance Awards - Personal Lines Growth Leader (General Insurance) Public E Sector
- India's SME Forum Best Insurer
- Dalal Street Investment Journal Award for Best General Insurance Company of the Year
- Golden Peacock Excellence in Corporate Governance Award
- Indian Insurance Awards - Technology Maturity - General Insurance
2015
- Indian Insurance Awards - General Insurance Company of the Year
- Samudra Manthan Awards - Insurance Company of the Year
- Outlook Money Awards - Best Health Insurer
- Indian Insurance Awards - Commercial Lines Growth Leadership General Insurance - Large Companies Category
- Indian Insurance Awards - Claims Service Leader - Large Companies Category
- Dun & Bradstreet PSU Awards - Insurance (General)
2016
- Indian Insurance Awards - General Insurance Company of the Year
- Golden Peacock Excellence in Corporate Governance Award
- Golden Peacock Excellence Innovative Product-Service Award
- Indian Insurance Awards E-Business Leader -General Insurance
- Indian Insurance Awards - Under Served Market Penetration - General Insurance (Large Category)
- ABP News - Best General Insurance Company
- Dun & Bradstreet PSU Awards - Non Life Insurance
2017
- Golden Peacock Business Excellence Award
- India Insurance Summit - Insurance Company of the Year
- Dun & Bradstreet Bfsi Awards - India's Leading Insurance Company- Non-Life Public Sector
2018
- India Insurance Summit Award 2018: General Insurance Company of the Year
- India Insurance Summit Award 2018: Product Innovator of the Year- Title Insurance Policy
- Outlook Money Gold Award
- Business Today Financial Award: Best General Insurer Of The Year
- Skoch Award Customer Service Order of Merit
- Skoch Award Company of the Year Order of Merit
2019
- Dun & Bradstreet BFSI Companies India’s leading general insurance policy award 2019
- The company bagged the prestigious “Samudra Manthan” Awards for the year 2019.
2021-22
- Insurance Brokers Association of India has awarded New India Assurance as MOST BROKER FRIENDLY INSURER.
- The company bagged the Prestigious Best BFSI Brand for the year 2022 awarded by The Economic Times
2022-23
- Best BFSI Brands-2022
- General Insurance Company of the year
- Award for Brand Excellence
- Akshaya Patra Foundation
2023-24
- Most trusted General Insurance company of the year
- Leading General Insurance company of the year
- SKOCH award – corporate excellence
- Most preferred workplace
- Best health insurer
2024-25
- Best Health Insurance Coverage – India
- Most Trusted Brands of India 2025-26
- Best Health Insurance Coverage
- Digital Champion Award - Category Artificial Intelligence
- Best Insurance Enabler for MSMEs
- Company of the year
Milestones
- 1919: The company was incorporated as a limited company with an authorised share capital of Rs 20 crore.
- 1920: Commenced operations in London.
- 1956: Transferred its life insurance business to the Life Insurance Corporation of India, which was formed under the Life Insurance Corporation Act, 1956, pursuant to which life insurance business in India was nationalised.
- 1973: The General Insurance Corporation of India was formed under the General Insurance Business (Nationalisation) Act, 1972, which provided for nationalisation of general insurance business in India. The company became a subsidiary of the General Insurance Corporation of India after the GoI transferred its entire shareholding in general insurance companies to the General Insurance Corporation of India.
- 1974: The New India Assurance Company (Merger) Scheme, 1973, which was framed by the Department of Revenue and Insurance, Ministry of Finance, GoI under the General Insurance Business (Nationalisation) Act, 1972, became effective.
- 2003: Pursuant to the General Insurance Business (Nationalisation) Amendment Act, 2002, the General Insurance Corporation of India transferred its entire shareholding in Company to the GoI.
- 2012: The company crossed premium of Rs 100,000 million during 2011-12.
- 2016: Received the approval for opening an office at Gujrat International Finance Tec-City, Gandhinagar.
- 2017: The company crossed premium of Rs 200,000 million during 2016-17.
- 2019: the New India Assurance Company signed the deed of accession for entering into the Inter Creditor Agreements for the Company's exposure to the Debt instruments of Reliance Home Finance and Dewan Housing Finance.
- 2020-21: Gross Written premium (Global) stood at Rs 33,046 crore.
- 2021-22: In FY 2021-2022 Bancassurance contributed Rs 267.66 crore premium income and ICR was 82.34%.
- 2022-23: The health portfolio remains a dominant portfolio with the completion of a premium of Rs 16,682 crore in FY 2022-23.
- 2023-24: Health LOB remains a dominant portfolio with the completion of a Premium of Rs. 18,320 crore in the Financial year 2023-24.
- 2023-24: Gross Written Premium (Global) stood at 43618 crore.
- 2025-26: New India Assurance solidified its position as India’s largest general insurer, achieving a record gross global written premium (GWP) of Rs 47,174 crore.
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