MarketFriction

New India Assurance Company Ltd

NSE NIACL · BSE 540769 · General Insurance
₹160.21 -4.08%
NSE close2026-10-01
52 week range116.97 - 242.60
Market cap₹27,734 Cr.
P/E36.0
IPO 2017 · -60% since Nifty 500Smallcap 250 Price band 20% Delivery 33.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales10,56711,36611,68610,41810,78610,70311,66411,71913,45012,06912,54411,900
Expenses10,81310,50011,25210,14810,64610,60511,23911,53013,52411,86312,52512,105
Operating Profit-24686643427014098426189-7420619-205
OPM %-2.3%8%3.7%2.6%1.3%0.9%3.6%1.6%-0.6%1.7%0.1%-1.7%
Other Income4036219772029816642727
Interest000000000000
Depreciation000000000000
Profit before tax-24286647027214110750239123372446-179
Tax %-19%18%34%14%48%-221%36%-0%14%-1%-26%37%
Net Profit-1757223132439134935640255380580-239
EPS in Rs-1.074.381.891.450.542.122.182.430.332.313.51-1.47
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales15,21520,23419,79827,66028,34333,06635,82141,00743,28543,54149,75849,962
Expenses18,19520,69224,59027,94429,40630,93135,64439,72842,01742,55249,33250,016
Operating Profit-2,980-458-4,793-284-1,0632,1361771,2791,268989426-54
OPM %-20%-2.3%-24%-1.0%-3.8%6%0.5%3.1%2.9%2.3%0.9%-0.1%
Other Income4,0631,7047,6011,0502,81627876020384888717
Interest4612000000000
Depreciation344774909310387825951810
Profit before tax1,0451,1942,7226771,6592,0601781,2561,4121,0221,233663
Tax %11%14%20%11%13%21%-0%16%23%5%-10%
Net Profit9591,0502,1906101,4471,6451981,0501,1201,0381,417776
EPS in Rs24.0326.1513.293.678.759.951.186.366.776.298.574.68
Dividend Payout %26%30%33%41%0%0%25%5%30%29%18%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%9%7%11%
Compounded Profit Growth21%-3%99%-36%
Stock Price CAGR%1%6%-11%
Return on Equity3%3%4%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital200200200412824824824824824824824824
Reserves20,03519,42620,48424,22823,30320,72124,73224,98125,04027,47228,17127,707
Borrowings000000000000
Other Liabilities42,72644,78049,47351,09456,42655,70766,91470,69172,35979,15080,77681,817
Total Liabilities62,96164,40770,15775,73480,55377,25292,47096,49698,223107,446109,771110,349
Fixed Assets302350399560561558547563564471533520
CWIP0155733452516181420613
Investments45,36544,97251,90756,02459,80152,02967,02571,31974,36082,06980,94278,160
Other Assets17,29319,06917,79519,11720,14724,64024,88324,59723,28524,88628,29031,657
Total Assets62,96164,40770,15775,73480,55377,25292,47096,49698,223107,446109,771110,349
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity847-1,605-124425-1,334-967777-4,052-5,855-4,672-3,390-4,532
Cash from Investing Activity-1,3457411,340-4942,3372,825-3344,9005,7017,2033,2852,050
Cash from Financing Activity-208-366-3071,125-476-30077-6-65-326-343-297
Net Cash Flow-706-1,2299101,0565271,558520842-2192,206-448-2,778
Free Cash Flow795-1,683-277208-1,436-1,033728-4,148-5,928-4,723-3,496-4,597
CFO/OP-23%54%27%-9%310%66%57%-2,381%-430%-341%-314%-1,092%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%85.44%
FIIs0.69%0.77%0.81%0.80%0.86%0.84%0.91%1.01%1.01%1.00%1.01%1.02%
DIIs11.93%11.71%11.76%11.64%11.28%11.18%11.20%11.18%11.18%11.15%11.17%11.17%
Public1.94%2.09%1.98%2.12%2.43%2.55%2.45%2.37%2.37%2.40%2.39%2.36%
No. of Shareholders1,27,0311,26,3661,41,7341,50,9831,56,7671,62,8031,62,1441,58,0781,61,8091,58,8181,55,5861,66,768

Fundamentals

Market Cap₹ 27,734 Cr.
Current Price₹ 168
Stock P/E36.0
Book Value₹ 173
ROCE4.29 %
ROE4.92 %
Dividend Yield0.89 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)-36%
Consolidated figures.
Valuation
Market capRs 26,403 Cr
Enterprise valueRs 7,113 Cr
P/E (TTM)34.32x
Price to book0.93x
Price to sales0.53x
EV / EBITDA9.56x
EV / EBIT10.73x
EV / sales0.14x
Earnings yield2.91%
Dividend yield0.94%
P/E, 3-year average23.95x
P/B, 3-year average0.96x
P/E, 5-year average36.34x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)0.86%
Operating margin (incl. other income)2.64%
EBITDA margin1.49%
Pre-tax margin1.33%
Net profit margin1.54%
Net margin, latest quarter-2.04%
ROE4.91%
ROCE4.29%
ROA1.28%
ROE, 3-year average4.22%
ROCE, 3-year average4.36%
ROA, 3-year average1.11%
ROE, 5-year average3.49%
ROCE, 5-year average3.73%
ROA, 5-year average0.92%
ROIC (approx.)7.88%
Tax rate-9.79%
Other income / net worth3.11%
Growth
Sales growth (latest year)14.28%
Profit growth (latest year)36.24%
Sales CAGR, 3 years6.66%
Sales CAGR, 5 years8.52%
Profit CAGR, 3 years10.45%
Profit CAGR, 5 years-2.95%
Sales growth QoQ-5.13%
Profit growth QoQ-141.99%
Sales growth YoY (latest quarter)1.54%
Profit growth YoY (latest quarter)-160.61%
Per share
EPS (TTM)Rs 4.67
EPS (latest year)Rs 8.57
EPS (latest quarter)Rs -1.47
EPS, 3-year averageRs 7.21
EPS, 5-year averageRs 5.83
Book value per shareRs 173.13
Sales per shareRs 303.17
Cash flow per shareRs -27.50
Free cash flow per shareRs -27.89
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.79
Dividend per share, 5-year averageRs 1.19
Dividends
Dividend payout17.50%
Dividend payout, 3-year average25.51%
Dividend payout, 5-year average21.33%
Efficiency
Asset turnover0.45x
Fixed asset turnover95.72x
Cash conversion cycle0 days
Working capital days-441 days
Leverage
Cash and bankRs 19,290 Cr
Net debtRs -19,290 Cr
Net debt / EBITDA-25.93x
Owners' fund to total sources25.86%
Cash flow
Cash from Operating Activity (latest year)Rs -4,532 Cr
Cash from Investing Activity (latest year)Rs 2,050 Cr
Cash from Financing Activity (latest year)Rs -297 Cr
Net Cash Flow (latest year)Rs -2,778 Cr
Free cash flow (latest year)Rs -4,597 Cr
Cash from ops / profit, 5 years-4.67x
Statement figures
Net sales (TTM)Rs 49,962 Cr
Net sales (latest year)Rs 49,758 Cr
Sales (latest quarter)Rs 11,900 Cr
Operating profit excl. other income (latest year)Rs 426 Cr
Operating profit (latest quarter)Rs -205 Cr
Other income (TTM)Rs 717 Cr
EBITDA (TTM)Rs 744 Cr
PBDT (TTM)Rs 744 Cr
Profit before tax (TTM)Rs 663 Cr
Tax (latest year)Rs -121 Cr
Net profit (TTM)Rs 769 Cr
Net profit (latest year)Rs 1,412 Cr
Net profit (latest quarter)Rs -243 Cr
Depreciation (TTM)Rs 81 Cr
Cost of goods sold (latest year)Rs 41,925 Cr
Total expenditure (latest year)Rs 49,332 Cr
Total income (latest year)Rs 50,646 Cr
Share capitalRs 824 Cr
ReservesRs 27,707 Cr
Shareholders' fundsRs 28,531 Cr
Total assetsRs 110,349 Cr
Net blockRs 520 Cr
Capital work in progressRs 13 Cr
InvestmentsRs 78,160 Cr
Other liabilitiesRs 81,817 Cr
Shares outstanding (crore)164.80
Ownership
Promoter holding85.44% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 34.3 is at the 67th percentile of its own 9.0-year range (median 25.9, low 10.2, high 106.5).
P/B 0.93 is at the 40th percentile (median 1.00).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNIACLNifty 50Difference
1 week-11.2%-2.8% -8.4 pts
1 month-13.8%-6.8% -7.0 pts
3 months-13.8%-7.6% -6.2 pts
6 months+36.0%+0.4% +35.6 pts
1 year-17.7%-9.9% -7.8 pts
2 years-32.3%-13.6% -18.7 pts
3 years+14.0%+14.2% -0.1 pts
5 years-1.1%+27.9% -29.0 pts
45 mutual fund schemes hold about ₹26 Cr. Over three months 44 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE Enhanced Value Index Fund0.35%8 +26%
Motilal Oswal Nifty Midcap 150 Index Fund0.11%4 +19%
Nippon India Nifty Midcap 150 Index Fund0.11%3 +18%
ICICI Pru Nifty Midcap 150 Index Fund0.11%1 +20%
SBI Nifty Midcap 150 Index Fund0.11%1 +19%
Nippon India Nifty 500 Equal Weight Index Fund0.21%1 +31%
Zerodha Nifty LargeMidcap 250 Index Fund0.06%1 +20%
HDFC NIFTY Midcap 150 Index Fund0.11%1 +19%
Motilal Oswal Nifty 500 Index Fund0.02%1 +21%
Aditya Birla SL Nifty Midcap 150 Index Fund0.11%1 +19%
Navi Nifty Midcap 150 Index Fund0.11%0 +19%
Tata Nifty Midcap 150 Index Fund0.11%0 +19%
JioBlackRock Nifty Midcap 150 Index Fund0.11%0 +19%
HDFC Nifty LargeMidcap 250 Index Fund0.06%0 +20%
Edelweiss NIFTY Large Mid Cap 250 Index Fund0.06%0 +20%
SBI Nifty 500 Index Fund0.02%0 +21%
Kotak BSE PSU Index Fund0.22%0 +26%
ICICI Pru Nifty LargeMidcap 250 Index Fund0.06%0 +20%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund0.06%0 +20%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.03%0 +20%
Bandhan Nifty Midcap 150 Index Fund0.11%0 +18%
Groww Nifty Total Market Index Fund0.02%0 +22%
UTI Nifty Midcap 150 Index Fund0.11%0 +18%
HDFC BSE 500 Index Fund0.02%0 +16%
Axis Nifty 500 Index Fund0.02%0 +21%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -353% of net profit over the last 3 years
lookProfit leans on other income Other income was 72% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-09-09: The New India Assurance Company Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹11,900 Cr +1.5% vs Jun 2025. Net loss ₹239 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs 1.50 Per Share
2025-09-04Dividend - Rs 1.80 Per Share
2024-09-06Dividend - Rs 2.06 Per Share
2023-09-08Dividend - Rs 1.93 Per Share
2022-08-25Dividend - Rs 0.30 Per Share
2019-07-18 Dividend - Rs 1.50 Per Share
2018-07-19 Annual General Meeting
2018-06-27 Bonus 1:1/ Dividend- Rs 5 Per Share0.5000
2017-11-29 Interim Dividend - Rs 3.75 Per Share
DateTypeWhat it says
2026-10-01Change in ManagementChange in Management
2026-09-30AppointmentAppointment of Mrs Lavanya R Mundayur as Chairman & Managing Director of the company w.e.f. September 30, 2026.
2026-09-11Director changeChange in Director(s) of the company.
2026-09-09Change in AuditorsChange in Auditors of the company.
2026-09-09General UpdatesGeneral Updates
2026-09-01Volume querySignificant increase in volume has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have late...
2026-08-31Volume querySignificant increase in volume has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have late...
2026-08-27General UpdatesGeneral Updates
2026-07-31CessationCessation of Ms as Chairman & Managing Director of the company w.e.f. July 31, 2026.
2026-07-27Shareholder meetingProceedings of Annual General Meeting held on July 27, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with v...
2026-07-24Investor PresentationInvestor Presentation
2026-07-24Board meeting outcomeThe New India Assurance Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-05Shareholder meetingNotice of Annual General Meeting to be held on July 27, 2026
2026-06-25Revised Record dateThe Record date has been revised to 10-Jul-2026 for the purpose of DI.
2026-06-25Record DateRecord date for the purpose of Dividend is 10-Jul-2026.
2026-06-25Board meeting outcomeOutcome of Board Meeting held on Jun 25, 2026.
2026-06-25Director changeChange in Director(s) of the company.
2026-06-23Price movementSignificant movement in price has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have lates...
2026-06-22Price movementSignificant movement in price has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have lates...
2026-06-19Disclosure of material issueThe New India Assurance Company Limited has informed regarding Disclosure of material issue
2026-06-12Disclosure of material issueThe New India Assurance Company Limited has informed regarding Disclosure of material issue
2026-05-19Concall / analyst meetTranscript
2026-05-19General UpdatesIncome Tax Refund
2026-05-15AppointmentAppointment of Mr Harihar Mishra as Non- Executive Director of the company w.e.f. May 15, 2026.
2026-05-15Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-10NCLTPrabhajit Singh Soni (Liquidator For YMS Mobitech Pvt Ltd ) Vs The New India Assurance Co. Ltd
2021-08-10NCLTAjay Kumar Laddha & Anr Vs The New India Assurance Co. Ltd
2021-07-05NCLTPrabhajit Singh Soni (Liquidator For YMS Mobitech Pvt Ltd ) Vs The New India Assurance Co. Ltd
2021-07-05NCLTAjay Kumar Laddha & Anr Vs The New India Assurance Co. Ltd
2020-12-16NCLTPrabhajit Singh Soni (Liquidator For YMS Mobitech Pvt Ltd ) Vs The New India Assurance Co. Ltd
2020-03-02NCLTPrabhajit Singh Soni (Liquidator For YMS Mobitech Pvt Ltd ) Vs The New India Assurance Co. Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of New India Assurance Company Ltd?

New India Assurance Company Ltd (NIACL) has a market capitalisation of Rs 27,734 Cr. at the 2026-10-01 close.

What is the P/E ratio of New India Assurance Company Ltd?

New India Assurance Company Ltd trades at a P/E of 36.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were New India Assurance Company Ltd's latest quarterly results?

In the Jun 2026 quarter, New India Assurance Company Ltd sales was Rs 11,900 Cr (+1.5% vs Jun 2025) with a net loss of Rs 239 Cr.

What is the 52-week high and low of New India Assurance Company Ltd?

The 52-week high is Rs 242.60 and the 52-week low is Rs 116.97.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03