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New India Assurance Company

NIACL NSE
₹160.45 No trade today
P/E
34.28
View as Markdown
MCP
Close 4 Nov 2026 ₹160.45 −22.14 −12.1% 1Y
Start ₹182.59

Key Fundamentals

SmallcapInsuranceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
4.29%
Debt to Equity
0.00
EPS (TTM)
₹4.68
Book Value
₹171.12
Market Cap
—
P/E (TTM)
34.28
P/B
0.94
ROE
4.92%
Dividend Yield
0.96%
EBITDA
₹1,314 Cr
52W High
₹242.60
52W Low
₹116.97
Volume
0

Peer Comparison

Financial Services › Insurance › General Insurance

New India Assurance Company peer comparison
ICICI Lombard General Insurance
₹1,596.3031.17₹80,888 Cr4.240.44%16.60%21.90%₹29,038 Cr₹2,555 Cr
GIC of India
₹323.856.40₹56,281 Cr0.774.15%14.60%17.40%₹52,763 Cr₹8,877 Cr
Star Health Insurance
₹530.5036.99₹30,850 Cr2.990.00%7.61%9.69%₹19,114 Cr₹844 Cr
New India Assurance Company (this company)
₹160.4534.28₹26,368 Cr0.940.96%4.92%4.29%₹49,962 Cr₹776 Cr
Go Digit General Insurance
₹257.1548.25₹24,008 Cr5.100.00%12.20%13.10%₹10,196 Cr₹492 Cr
Niva Bupa Health Insurance Company
₹77.1481.20₹14,080 Cr3.770.00%3.46%3.15%₹7,907 Cr₹174 Cr
Median 6 companies₹290.5035.64₹28,609 Cr3.380.22%9.91%11.40%₹24,076 Cr₹810 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

48 Average

Data confidence 97/100

Category scores

Quality
44
Weak
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
41
Weak
Sales & profit trajectory 9% weight
Financial Health
73
Strong
Solvency, leverage, coverage 9% weight
Momentum
37
Weak
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value
  • Company has been maintaining a healthy dividend payout of 25.5%

Weaknesses

4
  • The company has delivered a poor sales growth of 8.52% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.24% over last 3 years.
  • Earnings include an other income of Rs.717 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1270
OscillatorsBearish270
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
42.51
Neutral
MACD (12,26,9)
−5.50
Bearish
SMA (50)
179.83
Bearish
SMA (200)
164.53
Bearish

As of

Analyst Rating

Based on 2 analysts
HOLD100%

0 of 2 analysts rate Buy, 2 Hold, 0 Sell.

As of

BUY
0
0%
HOLD
2
100%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.58%
5Y+8.52%
3Y+6.66%
1Y+14.28%
TTM+11.35%

Net profit

Net profit growth by window
10Y+3.98%
5Y−2.94%
3Y+10.51%
1Y+36.51%
TTM−35.23%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹2,927 Cr
5YTurned negative
3YOutflow narrowed by ₹1,323 Cr
1YOutflow widened by ₹1,142 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+20.45 pp
5Y−5.60 pp
3Y−2.26 pp
1Y−1.41 pp
TTM−2.01 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹20,234 Cr
Mar 2018₹19,798 Cr
Mar 2019₹27,660 Cr
Mar 2020₹28,343 Cr
Mar 2021₹33,066 Cr
Mar 2022₹35,821 Cr
Mar 2023₹41,007 Cr
Mar 2024₹43,285 Cr
Mar 2025₹43,541 Cr
Mar 2026₹49,758 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,050 Cr
Mar 2018₹2,190 Cr
Mar 2019₹610 Cr
Mar 2020₹1,447 Cr
Mar 2021₹1,645 Cr
Mar 2022₹198 Cr
Mar 2023₹1,050 Cr
Mar 2024₹1,120 Cr
Mar 2025₹1,038 Cr
Mar 2026₹1,417 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹12.58 +46.8% vs FY26
Reported High Mean Low

AI News Digest

9h ago

TL;DR: NIACL reported a very weak Q2FY27, swinging from profit to a ₹1,267 crore net loss on the back of surging claims and a ₹715 crore one-off Supreme Court provision. The combined ratio at 156% signals deep underwriting stress. The sole silver lining is that solvency remains just above the regulatory floor. The trend is clearly deteriorating and investors should watch for management actions on claims management and pricing discipline in coming quarters.

Headwinds 4
  • Q2 net loss widens sharply Oct 30

    Standalone net loss widened to ₹1,267 crore in Q2FY27 versus a ₹63 crore profit in Q2FY26, a dramatic swing driven by surging claims.

  • Claims surge, combined ratio 156% Oct 30

    Incurred claims surged to ₹12,879 crore, pushing the combined ratio to 156.20, well above the 100 breakeven level.

  • ₹715 crore Supreme Court provision Oct 30

    A one-time provision of ₹715 crore was recognised following a Supreme Court verdict on the valuation of domestic work, adding to the loss.

Neutral 1
  • Solvency still above IRDAI floor Oct 30

    Despite the decline, the solvency ratio of 1.61 remains above the regulatory minimum of 1.5x, avoiding immediate capital-raising pressure.

Quarterly Results

₹ Cr
NIACL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
9,900
10,567
11,366
11,686
10,418
10,786
10,703
11,664
11,719
13,450
12,069
12,544
11,900
Expenses
9,557
10,813
10,500
11,252
10,148
10,646
10,605
11,239
11,530
13,524
11,863
12,525
12,105
Operating Profit
343
−246
866
434
270
140
98
426
189
−74
206
19
−205
OPM %
3.5%
−2.3%
8%
3.7%
2.6%
1.3%
0.9%
3.6%
1.6%
−0.6%
1.7%
0.1%
−1.7%
Other Income
−25
4
0
36
2
1
9
77
202
98
166
427
27
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
318
−242
866
470
272
141
107
502
391
23
372
446
−179
Tax %
16%
−19%
18%
34%
14%
48%
−221%
36%
0%
14%
−1%
−26%
37%
Net Profit
261
−175
722
313
243
91
349
322
402
20.1
377
564
−239
EPS (₹)
1.58
−1.07
4.38
1.89
1.45
0.54
2.12
2.18
2.43
0.33
2.31
3.51
−1.47

Profit & Loss

₹ Cr
NIACL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
13,354
15,215
20,234
19,798
27,660
28,343
33,066
35,821
41,007
43,285
43,541
49,758
49,962
Expenses
17,107
18,195
20,692
24,590
27,944
29,406
30,931
35,644
39,728
42,017
42,552
49,332
50,016
Operating Profit
−3,753
−2,980
−458
−4,793
−284
−1,063
2,136
177
1,279
1,268
989
426
−54
OPM %
−28%
−20%
−2.3%
−24%
−1%
−3.8%
6%
0.5%
3.1%
2.9%
2.3%
0.9%
−0.1%
Other Income
5,487
4,063
1,704
7,601
1,050
2,816
27
87
60
203
84
888
717
Interest
3
4
6
12
0
0
0
0
0
0
0
0
0
Depreciation
28
34
47
74
90
93
103
87
82
59
51
81
0
PBT
1,703
1,045
1,194
2,722
677
1,659
2,060
178
1,256
1,412
1,023
1,233
663
Tax %
19%
11%
14%
20%
11%
13%
21%
0%
16%
23%
5%
−10%
—
Net Profit
1,412
959
1,050
2,190
610
1,447
1,645
198
1,050
1,120
972
1,354
776
EPS (₹)
35.4
24.03
26.15
13.29
3.67
8.75
9.95
1.18
6.36
6.77
6.29
8.57
4.68
Div. Payout %
21%
26%
30%
33%
41%
0%
0%
25%
5%
30%
29%
18%
—

Balance Sheet

₹ Cr
NIACL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
200
200
200
412
824
824
824
824
824
824
824
824
Reserves
20,035
19,426
20,484
24,228
23,303
20,721
24,732
24,981
25,040
27,472
28,171
27,707
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
42,726
44,780
49,473
51,094
56,426
55,707
66,914
70,691
72,359
79,150
80,776
81,817
Total Liabilities
62,961
64,407
70,157
75,734
80,553
77,252
92,470
96,496
98,223
1,07,446
1,09,771
1,10,349
Fixed Assets
302
350
399
560
561
558
547
563
564
471
533
520
CWIP
0
15
57
33
45
25
16
18
14
20
6
13
Investments
45,365
44,972
51,907
56,024
59,801
52,029
67,025
71,319
74,360
82,069
80,942
78,160
Other Assets
17,293
19,069
17,795
19,117
20,147
24,640
24,883
24,597
23,285
24,886
28,290
31,657
Total Assets
62,961
64,407
70,157
75,734
80,553
77,252
92,470
96,496
98,223
1,07,446
1,09,771
1,10,349

Cash Flow

₹ Cr
NIACL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
847
−1,605
−124
425
−1,334
−967
777
−4,052
−5,855
−4,672
−3,390
−4,532
Investing
−1,345
741
1,340
−494
2,337
2,825
−334
4,900
5,701
7,203
3,285
2,050
Financing
−208
−366
−307
1,125
−476
−300
77
−6
−65
−326
−343
−297
Net Cash Flow
−706
−1,229
910
1,056
527
1,558
520
842
−219
2,206
−448
−2,778
Free Cash Flow
795
−1,683
−277
208
−1,436
−1,033
728
−4,148
−5,928
−4,723
−3,496
−4,597
CFO/OP
−23
54
27
−9
310
66
57
−2,381
−430
−341
−314
−1,092

Ratios

NIACL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
0
0
0
0
0
0
0
0
0
0
0
0
Working Capital Days
−549
−533
−447
−506
−421
−486
−471
−469
−436
−439
−466
−441
ROCE %
1%
−2%
3%
2%
−1%
7%
9%
1%
−2%
5%
4%
4%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view New India Assurance Company insights

39 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 85.44%
  • DIIs 11.19%
  • Public 2.10%
  • FIIs 0.92%
  • Others 0.36%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about New India Assurance Company

What does New India Assurance Company Ltd do?
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.
Where is New India Assurance Company Ltd (NIACL) listed?
New India Assurance Company Ltd trades as NIACL on the NSE and under code 540769 on the BSE.
Which sector does New India Assurance Company Ltd belong to?
New India Assurance Company Ltd is classified under the Insurance sector, in the General Insurance industry.
What is the PE ratio of New India Assurance Company Ltd?
New India Assurance Company Ltd trades at a PE ratio of 34.28 as of 4 Nov 2026, on earnings per share of ₹4.68, against a book value of ₹171.12 per share.
What is the 52-week high and low of New India Assurance Company Ltd?
Over the last 52 weeks New India Assurance Company Ltd has traded between ₹116.97 and ₹242.6 as of 4 Nov 2026.
Does New India Assurance Company Ltd pay dividends?
New India Assurance Company Ltd has a dividend yield of 0.96%.
What is the Return on Equity (ROE) of New India Assurance Company Ltd?
New India Assurance Company Ltd reported a return on equity of 4.92%. Its debt-to-equity ratio is 0.00.

Company Information

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.

Website newindia.co.in
CEO Mr. James Day
Employees 10,949
Listed 13 Nov 2017
Face Value ₹5

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