Life Insurance Corp. of India (IN:LICI)
:LICI
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Life Insurance Corp. of India
(LICI)
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Rating:69Neutral
Price Target:
₹909.00
▲(5.54% Upside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by mixed financial performance—strong revenue growth and low reported leverage are offset by negative operating/free cash flow in FY2025–FY2026 and margin volatility. Technicals are moderately positive (price above key short/medium-term averages with positive MACD), while valuation is a clear strength due to the very low P/E and a modest dividend yield.
Positive Factors
Sustained revenue growth
Multi-year top-line expansion reflects persistent premium inflows and broad product distribution, creating durable scale advantages. Larger revenue supports diversification across products, fixed-cost absorption and a growing investable asset base that strengthens the firm's ability to fund liabilities and new business over time.
Negative Factors
Negative operating and free cash flow
The recent swing to negative operating and free cash flow weakens earnings quality and liquidity for an insurer reliant on steady cash conversion. Persistent negative cash generation constrains ability to meet claims, fund new business or pay dividends without asset sales or capital actions, raising structural financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Multi-year top-line expansion reflects persistent premium inflows and broad product distribution, creating durable scale advantages. Larger revenue supports diversification across products, fixed-cost absorption and a growing investable asset base that strengthens the firm's ability to fund liabilities and new business over time.
Read all positive factors
Life Insurance Corp. of India (LICI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.06T
Dividend Yield1.4%
Average Volume (3M)56.04K
Price to Earnings (P/E)8.8
Beta (1Y)1.05
Revenue Growth10.32%
EPS Growth18.90%
CountryIN
Employees98,661
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)37.47
Shares Outstanding12,649,995,000
10 Day Avg. Volume55,606
30 Day Avg. Volume56,042
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)2.59
Price to Sales (P/S)0.47
P/FCF Ratio-16.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹838.00Price Target Upside-2.70% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)47.88
Revenue Forecast (FY)₹10.27T
Life Insurance Corp. of India Business Overview & Revenue Model
Company Description
Life Insurance Corporation of India (LIC) is a leading provider of life insurance solutions, operating across India, Fiji, Mauritius, and the United Kingdom. Its comprehensive individual offerings feature both participating policies and a variety ...
How the Company Makes Money
LIC primarily makes money through (1) premiums collected on life insurance and annuity/pension products, (2) investment income earned by investing the funds received (including policyholder funds and shareholders’ funds), and (3) fees/charges embe...
Life Insurance Corp. of India Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.04T | 9.78T | 8.91T | 8.49T | 7.85T | 7.27T |
| Gross Profit | 8.79T | 4.79T | 8.66T | 8.23T | 7.59T | 7.03T |
| EBITDA | 480.37B | 574.96B | 490.00B | 416.50B | 366.25B | 46.87B |
| Net Income | 487.33B | 574.53B | 483.20B | 409.16B | 359.97B | 41.25B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 59.49T | 56.61T | 53.16T | 45.78T | 42.54T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 720.13B | 825.75B | 418.24B | 518.29B | 447.24B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.88M |
| Total Liabilities | -1.28T | 57.72T | 55.33T | 52.33T | 45.32T | 42.43T |
| Stockholders Equity | 1.28T | 1.77T | 1.27T | 827.47B | 462.33B | 113.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -273.27B | -99.22B | 257.80B | 536.32B | -44.99B |
| Operating Cash Flow | 0.00 | -262.11B | -91.45B | 265.48B | 545.19B | -37.83B |
| Investing Cash Flow | 0.00 | 347.08B | 404.23B | -258.26B | -544.72B | 120.99B |
| Financing Cash Flow | 0.00 | -76.26B | -37.94B | -44.27B | -9.49B | 0.00 |
Life Insurance Corp. of India Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹5.06T | 8.81 | ― | 1.40% | 10.32% | 18.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹710.05B | 105.83 | ― | ― | 36.50% | 87.64% | |
66 Neutral | ₹1.79T | 72.41 | ― | 0.13% | -3.31% | 2.28% | |
61 Neutral | ₹1.24T | 64.79 | ― | 0.28% | 3.27% | 5.50% | |
54 Neutral | ₹553.37B | 654.78 | ― | ― | 2.57% | -70.56% | |
53 Neutral | ₹701.11B | 43.54 | ― | 0.13% | -8.37% | 35.27% |
* Financial Sector Average
IN:LICI
Life Insurance Corp. of India
399.90
-75.40
-15.86%
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IN:SBILIFE
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Life Insurance Corp. of India Corporate Events
LIC posts analyst and investor call audio on website to bolster disclosure
May 21, 2026
Life Insurance Corporation of India has announced that the audio recording of its conference call with analysts and investors held on May 21, 2026, has been made available on its official website. The disclosure, made in line with securities listi...
LIC Elevates Debakanta Padhi to Additional Executive Director Role
Apr 17, 2026
Life Insurance Corporation of India has elevated long-time executive Debakanta Padhi to the role of Additional Executive Director (Senior Business Associates/LIC Associates/Re-Investment), marking his induction into the corporation’s senior ...
LIC Board Clears 1:1 Bonus Share Issue to Reward Shareholders
Apr 13, 2026
Life Insurance Corporation of India’s board has approved a 1:1 bonus equity share issue for existing shareholders, with the record date to be announced later and subject to shareholder approval. The move will double the company’s paid-...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.