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The New India Assurance Company Ltd

₹ 154-0.61%
06 Jan – close price
🔗newindia.co.in•BSE: 540769•NSE: NIACL
Market Cap₹ 25,308 Cr.
Current Price₹ 154
High / Low₹ 215
Stock P/E21.9
Book Value₹ 169
Dividend Yield1.17 %
ROCE3.72 %
ROE3.54 %
Face Value₹ 5.00
Sales₹ 47,368 Cr.
OPM1.94 %
Mar Cap₹ 25,308 Cr.

ABOUT

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.It was established by Sir Dorabji Tata in 1919 and was nationalised in 1973. Post nationalisation, it became one of 4 subsidiaries of General Insurance Company of India (GIC) but gained autonomy after GIC became a re-insurance company in 1999.[1]

KEY POINTS

Leading Insurance Company[1]The company is the largest general insurer in India, consistently leading the market by gross direct premium. It held a12.6% market share in FY25, which increased to15.5% in Q1FY26. As of Q1FY26, the company’s AUM stood at1,00,802 Crs, up from98,045 Crsas of FY25.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.ICICI Lombard2010.0035.74100107.010.62819.5418.106869.3311.7524.8625477.1714.112800.59819.546.253.790.00
2.General Insuranc371.606.8165193.502.692873.5454.8512755.453.0513.3251731.0719.909579.622873.540.963.380.00
3.Go Digit General342.8562.3731689.180.00135.6051.562488.0411.3510.809754.942.09508.06135.606.832.170.08
4.Star Health Insu451.8549.8726586.800.0054.90-50.674377.787.8711.9816837.844.18533.0754.903.573.270.06
5.New India Assura153.5721.9225308.341.1763.25-10.9213422.5024.973.7247368.141.941154.3763.250.910.920.00
6.Niva Bupa Health74.79149.1813815.200.00-35.27-370.891574.0319.137.455873.921.3892.61-35.273.632.620.07
–Median: 6 Co.357.2342.829137.990.3199.423.595623.5611.5511.3921157.53.13843.7299.423.62.950.03

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
10,50411,31810,6679,84010,36811,66210,13211,65811,61611,54110,51710,74013,422
Expenses
9,60710,44910,5599,50410,11511,47510,01311,17311,16711,52210,77710,60813,246
Operating Profit
89686910733625318711848645019-260132176
Other Income
1809-253202413476565-108
Profit before tax
91486911631125538915952052624-25413769
Tax %
18%18%-204%16%15%-1%3%32%34%-42%-21%48%8%
Net Profit
74971535326021739115535434733-2007163
EPS in Rs
4.544.342.141.581.322.370.942.152.100.20-1.210.430.38

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
10,86913,23515,10419,32019,69227,51430,52332,83135,64240,80143,09943,17447,368
Expenses
13,15115,51618,06219,84424,46427,83228,85230,79735,48939,53941,80142,36246,447
Operating Profit
-2,282-2,281-2,958-524-4,773-3181,6712,0341531,2621,299812921
Other Income
3,2414,0044,0311,7387,5791,051581029061203271179
Interest
23359-0-0-0-0-0-0-00
Depreciation
3324324572879198837857490
Profit before tax
9231,6951,0371,1642,7256451,6392,0371601,2451,4451,0341,100
Net Profit
7971,3749351,0082,2015801,4181,6051641,0551,1299881,154
EPS in Rs
19.9334.3623.3625.2013.363.528.609.741.006.406.856.006.99
Dividend Payout %
28%22%27%31%33%43%-0%-0%30%30%30%30%–

Compounded Profit Growth

10 Years:19%
5 Years:-7%
3 Years:80%
TTM:-15%

Compounded Sales Growth

10 Years:13%
5 Years:7%
3 Years:7%
TTM:7%

Return on Equity

10 Years:3%
5 Years:4%
3 Years:4%
Last Year:4%

Stock Price CAGR

10 Years:%
5 Years:4%
3 Years:6%
1 Year:-22%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
200200200200412824824824824824824824824
Reserves
16,88919,55718,91019,95123,73822,63920,01323,92124,13924,82127,15927,29827,107
Borrowings
-0-0-0-0-0-0-0-0-0-0-0-0-0
Other Liabilities
36,50942,38344,49549,18050,75656,19555,50366,67570,38771,36978,52380,76281,520
Total Liabilities
53,59762,14063,60569,33174,90679,65876,34091,42095,35097,013106,506108,884109,451
Fixed Assets
1581992432,004479474466407421418400461450
Gross Block
157.62199.23243.292,616.981,142.871,204.191,270.281,262.511,321.571,366.511,360.741,108.79–
Accumulated Depreciation
0.000.000.00613.22664.08729.91803.90855.49900.24948.46961.15647.40–
CWIP
20-01557334525161713183-0
Investments
35,35044,95844,54649,73455,53859,19051,37966,35870,55973,51181,31180,05382,695
Other Assets
18,07016,98318,80117,53718,85619,94924,47024,63924,35223,07124,77728,36626,306
Total Assets
53,59762,14063,60569,33174,90679,65876,34091,42095,35097,013106,506108,884109,451

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
–867-1,558-155455-1,274-966751-4,065-5,846-4,678-3,429
Cash from Investing Activity
–-1,3247511,393-5802,3312,830-2504,8705,6727,2524,954
Cash from Financing Activity
–-257-360-3021,128-474-29810-0-49-318-339
Net Cash Flow
–-715-1,1679361,0025841,567511805-2232,2561,186

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
00012000000000
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
00012000000000
Working Capital Days
-576-554-535-466-506-422-450-473-470-437-440-469
ROCE %
-1%1%-2%3%2%-2%7%9%1%5%5%4%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%
FIIs
0.62%0.65%0.66%0.69%0.77%0.81%0.80%0.86%0.84%0.91%1.01%1.01%
DIIs
11.92%11.93%11.93%11.93%11.71%11.76%11.64%11.28%11.18%11.20%11.18%11.18%
Public
2.02%1.98%1.97%1.94%2.09%1.98%2.12%2.43%2.55%2.45%2.37%2.37%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

New India Assurance Clarifies No Price-Sensitive Information

16th April 2026, 5:45 pm

The New India Assurance Denies Awareness of Price-Sensitive Information

13th April 2026, 10:27 pm

New India Assurance Appoints Chief Risk Officer and Chief Underwriting Officer

2nd April 2026, 9:23 pm

New India Assurance gets favourable tax order, Rs 2.03 crore penalty deleted

1st April 2026, 10:59 pm

New India Assurance Appoints Alankit Assignment as New RTA

30th March 2026, 10:34 pm

Published by Other Websites

External media mentions & references

India Names LIC, GIC Re Systemic Insurers: Stability Gain, Growth Challenge

9th April 2026, 6:13 pm

ICICI Lombard Tops Insurance Growth Ahead of New Rules

9th April 2026, 12:51 pm

Consumer Forum Rules Against Insurer on Hospital Lapse

6th April 2026, 11:38 am

Delhi High Court: Insurers Must Prove Fraud, Not Just License Format Issues

1st April 2026, 12:47 pm

HDFC Life, New India Assurance Face ₹315 Cr Tax Demands; Plan Appeals

24th March 2026, 6:25 pm

News Articles

Editorial & research coverage

Health Insurers Drive Non-Life Premium Surge on GST Benefits
Health Insurers Drive Non-Life Premium Surge on GST Benefits

7th January 2026, 10:34 pm

New India Assurance Stock Surges 2% as GST Tax Demands Dramatically Reduced!
New India Assurance Stock Surges 2% as GST Tax Demands Dramatically Reduced!

31st December 2025, 9:59 am

Shocking Insurance Bill: Can IRDAI Now Control Your Agent's Commission? Investors Watch Closely!
Shocking Insurance Bill: Can IRDAI Now Control Your Agent's Commission? Investors Watch Closely!

18th December 2025, 4:20 pm

New India Assurance Posts 215% PBT Surge Amid Qualified Audit & ₹2500 Cr Provision
New India Assurance Posts 215% PBT Surge Amid Qualified Audit & ₹2500 Cr Provision
New India Assurance: GWP Jumps 8.37%, PAT Up 5.37% Amid Provision Hit
New India Assurance: GWP Jumps 8.37%, PAT Up 5.37% Amid Provision Hit

Documents

Announcements

Announcement under Regulation 30 (LODR)-Cessation

31 Dec - Ms. Smita Srivastava ceased as Executive Director upon superannuation effective 31 Dec 2025.

Disclosure Under Regulation 30 Of SEBI To Stock Exchanges, Based On The Criteria Specified In The SEBI (LODR) Regulations, 20 IS (Listing Regulations)

30 Dec - GST orders (24/12/2025, 29/12/2025): confirmed demand Rs110,11,78,305; demand Rs69,17,05,747; appeal.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication

17 Dec - Following is the newspaper advertisement related to "Corrigendum to Annual Report for FY 2024-25"

Reg. 34 (1) Annual Report.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

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Financial Year 2023

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Financial Year 2022

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Financial Year 2021

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Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2011

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Financial Year 2010

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Financial Year 2009

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Financial Year 2008

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Financial Year 2007

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Financial Year 2006

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Financial Year 2005

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Credit Ratings

Rating update

17 Apr 2025 from crisil

Rating update

19 Apr 2024 from crisil

Rating update

26 Apr 2023 from crisil

Rating update

12 Dec 2022 from crisil

Rating update

28 Apr 2022 from crisil

Rating update

27 May 2021 from crisil

Concalls

Nov 2025

PPTRecording

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Stock Analysis

Description

New India Assurance Company Ltd. is India's largest non-life insurer, promoted by the Government of India, offering a wide range of general insurance products and holding a significant market share.

Key Growth Triggers

  1. Market leadership in general insurance, retaining market leadership with a 12.6% share in FY25 and 15.5% in Q1FY26.
  2. Strong Q1 FY25-26 results with 13.1% GWP growth and 80% PAT increase.
  3. Robust investment income contributing to profit growth.
  4. AM Best's upgrade of outlook to 'Positive' from 'Stable' reflects improving ERM and resolution of audit qualifications.
  5. Focus on improving combined ratio and optimizing portfolio.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Significant tax demands totalling over ₹2,450 crore from GST authorities (including specific demands of ₹2379.13 Cr from CGST Palghar, ₹110.11 Cr from Mumbai South, and ₹69.17 Cr from New Delhi), though the company plans to contest them.
  2. Q2 FY26 standalone PAT declined by 83.8% YoY, impacted by a substantial ₹1,680 Cr provision for wage arrears and retirement benefits.
  3. FY24-25 PAT declined 12.49% YoY due to a ₹802 Cr provision for legacy reinsurance balances.
  4. Company has contingent liabilities.

Key Dates To Watch

  1. Board meeting on November 13, 2025, to approve Q2 FY26 results.
  2. Analyst/investor conference call on November 17, 2025, to discuss Q2 FY26 and H1 FY26 performance.
  3. Trading window closure extended until November 15, 2025.
  4. 106th AGM held on September 24, 2025, where dividend was declared.

Corporate Announcements

16th Apr 26
Impact Rating: 3
In response to a query, The New India Assurance Company Ltd. has informed BSE that it has disseminated all necessary information and is unaware of any other price-sensitive announcements that could impact the scrip.
13th Apr 26
Impact Rating: 3
The New India Assurance Company has informed the BSE that it has no knowledge of any other information or announcement that may impact the price/volume behavior of its stock.
2nd Apr 26
Impact Rating: 7
Key leadership changes at New India Assurance: Ms. Mary Abraham appointed Chief Risk Officer and Mr. S. Dinakaran appointed Chief Underwriting Officer. Both appointments are effective from April 2, 2026.
1st Apr 26
Impact Rating: 7
The New India Assurance Company Ltd. announced receiving a favourable order from the National Faceless Appeal Centre, Delhi. This order has deleted a penalty of ₹202.97 lakh (₹2.03 cr) for Assessment Year 2019-20.
30th Mar 26
Impact Rating: 5
New India Assurance announced a change in its Registrar and Share Transfer Agent (RTA) to Alankit Assignment Ltd, succeeding MUFG Intime India Pvt Ltd upon tenure completion.