The New India Assurance Company Limited
₹158.80-₹8.15 (-4.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹24,649 Cr
- P/E
- 21.4x
- EV / EBITDA
- 13.1x
- Revenue
- ₹43,174 Cr
- Net margin
- 2.6%
- ROCE
- 0.7%
Price chart
Technical chartScreen technicals →-16.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -4.9%
- 3M
- -4.3%
- 6M
- -0.9%
- 1Y
- -16.3%
- 5Y
- +1.4%
52-week range
Day change -₹8.15 (-4.9%) from ₹167 to ₹159 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NIACL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 30.0%
Concerns1
- Low return on equity of 3.5%
Rule-based from financial data. Not advice.
About the company
The New India Assurance Company Limited, together with its subsidiaries, operates as a general insurance company in India and internationally. The company provides credit, engineering, aviation, property, personal accident, liability, marine cargo, marine hull, fire, travel, motor, health, employers liability, rural, product / public liability, other liability, social sector, and miscellaneous insurance products.
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The New India Assurance Company Limited, together with its subsidiaries, operates as a general insurance company in India and internationally. The company provides credit, engineering, aviation, property, personal accident, liability, marine cargo, marine hull, fire, travel, motor, health, employers liability, rural, product / public liability, other liability, social sector, and miscellaneous insurance products. It also offers crop, cattle, sheep, goat, poultry, horticulture/plantation, and micro insurance products, as well as insurance for agriculture solar pump sets. In addition, it offers bancassurance and reinsurance products, and government schemes. The New India Assurance Company Limited was incorporated in 1919 and is headquartered in Mumbai, India.
- Sector
- Financial Services
- Shares outstanding
- 164 Cr shares
- ISIN
- INE470Y01017
- BSE code
- 540769
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹24,649 Cr
- P/E
- 21.4x
- P/B
- 0.9x
- EV / EBITDA
- 13.1x
- EV / Sales
- 0.5x
- P/S
- 0.6x
- Earnings yield
- 4.7%
- 52-week high
- ₹231.20
- 52-week low
- ₹117.85
Profitability
- Operating margin
- 3.0%
- Net margin
- 2.6%
- EBITDA margin
- 3.5%
- ROE
- 3.5%
- ROCE
- 0.7%
- ROA
- 1.1%
- Dividend payout
- 30.0%
- Tax rate
- 22.0%
- Other income, % of PBT
- 14.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹43,174 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,502 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -12.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -4.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹4,678 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -20.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,186 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.8%
Solvency and efficiency
- Current ratio
- 1.35
- Debt / Assets
- 0.00
- Financial leverage
- 3.81
- CFO / Net profit
- -4.14
- Cash / Market cap
- 100.5%
- Cash per share
- ₹150.78
- Asset turnover
- 0.40
- Fixed asset turnover
- 107.75
- Capital intensity
- 0.01
- Debtor days
- 0 days
- Cash conversion cycle
- 0 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹2 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹42,362 Cr |
| Sales | Operating profit | ₹812 Cr |
| Operating profit | Depreciation | ₹49 Cr |
| Operating profit | Profit before tax | ₹763 Cr |
| Other income | Profit before tax | ₹271 Cr |
| Profit before tax | Tax and other | ₹46 Cr |
| Profit before tax | Net profit | ₹988 Cr |
Revenue and net profit
Revenue grew 0.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹32,831 Cr | ₹1,605 Cr |
| FY2022 | ₹35,642 Cr | ₹164 Cr |
| FY2023 | ₹40,801 Cr | ₹1,055 Cr |
| FY2024 | ₹43,099 Cr | ₹1,129 Cr |
| FY2025 | ₹43,174 Cr | ₹988 Cr |
Cash flows
FY2025: -₹3,429 Cr from operations, ₹1,525 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹751 Cr | ₹501 Cr |
| FY2022 | -₹4,065 Cr | ₹805 Cr |
| FY2023 | -₹5,846 Cr | -₹174 Cr |
| FY2024 | -₹4,678 Cr | ₹2,574 Cr |
| FY2025 | -₹3,429 Cr | ₹1,525 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹43,174 Cr+0.2%1Y
- Net profit
- ₹988 Cr-12.5%1Y
- Cash from operations
- -₹3,429 Cr
- Free cash flow
- ₹1,525 Cr-40.8%1Y
- Revenue CAGR, 5Y
- 7.1%
- EBITDA CAGR, 5Y
- -2.8%
- Net profit CAGR, 5Y
- -4.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹43,174 Cr | ₹812 Cr | — | ₹988 Cr | -₹3,429 Cr | ₹1,525 Cr | 3.5% | +0.2% | -12.5% |
Monthly returns
Month-by-month returns of NIACL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1.1 L Cr |
| Equity capital | ₹824 Cr |
| Reserves | ₹27,298 Cr |
| Borrowings | ₹0 Cr |
| Other liabilities | ₹80,762 Cr |
| Assets | ₹1.1 L Cr |
| Fixed assets | ₹461 Cr |
| Capital work in progress | ₹3 Cr |
| Investments | ₹80,053 Cr |
| Other assets | ₹28,366 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NIACL trades at 21.4x earnings against a peer median of 26.9x (a 20% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| The New India Assurance Company LimitedNIACLthis companyP/E ↓ discount | ₹24,649 Cr | 21.4x | 0.9x | 3.5% | 13.1x |
| IIFL FINANCE LIMITEDIIFL | ₹27,083 Cr | 68.1x | 3.9x | -6.3% | — |
| Star Health and Allied Insurance Company LimitedSTARHEALTH | ₹26,410 Cr | 49.5x | 3.5x | 9.2% | 22.3x |
| Anand Rathi Wealth LimitedANANDRATHI | ₹26,202 Cr | 72.4x | 31.5x | 42.0% | 81.7x |
| Manappuram Finance LimitedMANAPPURAM | ₹26,070 Cr | 15.9x | 2.1x | 15.1% | — |
| Nuvama Wealth Management LimitedNUVAMA | ₹25,811 Cr | 51.4x | 12.9x | 30.9% | 103.2x |
| PNB Housing Finance LimitedPNBHOUSING | ₹25,224 Cr | 11.5x | 1.4x | 11.6% | — |
| Aditya Birla Sun Life AMC LimitedABSLAMC | ₹23,756 Cr | 24.5x | 6.7x | 25.0% | 22.9x |
| Bandhan Bank LimitedBANDHANBNK | ₹23,103 Cr | 18.8x | 0.9x | 11.2% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
NIACL since 1 January, against earlier years.
Historical volatility
NIACL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 6.0% |
| FY2022 | 0.0% |
| FY2023 | 3.0% |
| FY2024 | 3.0% |
| FY2025 | 2.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹43,174 Cr |
| Costs | |
| Interest | ₹0 Cr |
| Expenses | ₹42,362 Cr |
| Operating profitOperating Profit | ₹812 Cr |
| Other income and charges | |
| Profit before tax | ₹1,034 Cr |
| Tax | |
| Net profitNet Profit | ₹988 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1.1 L Cr |
| Equity capitalEquity Capital | ₹824 Cr |
| Reserves | ₹27,298 Cr |
| Borrowings | ₹0 Cr |
| Other liabilitiesOther Liabilities | ₹80,762 Cr |
| AssetsTotal Assets | ₹1.1 L Cr |
| Fixed assetsFixed Assets | ₹461 Cr |
| Capital work in progressCWIP | ₹3 Cr |
| Investments | ₹80,053 Cr |
| Other assetsOther Assets | ₹28,366 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹3,429 Cr |
| Investing cash flowCash from Investing Activity | ₹4,954 Cr |
| Financing cash flowCash from Financing Activity | -₹339 Cr |
| Change in cashNet Cash Flow | ₹1,186 Cr |
Learn while you research
Academy chapters picked for The New India Assurance Company Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read