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Life Insurance Corp. of India
(LICI)
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Rating:69Neutral
Price Target:
₹485.00
▲(15.11% 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
Scale & Revenue Growth
Material scale and a multi-year revenue uptrend provide structural advantages: large premium inflows improve risk pooling, underwriting diversification and bargaining power with distributors. Re-acceleration in FY2026 suggests demand resilience across savings and protection products, supporting medium-term earnings stability.
Negative Factors
Weak Cash Generation
Negative operating and free cash flows over consecutive years weaken intrinsic earnings quality and reduce internal funding for claims and reserves. This raises reliance on investment revaluations or capital injections, limiting financial flexibility to reinvest or pay shareholder distributions over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Revenue Growth
Material scale and a multi-year revenue uptrend provide structural advantages: large premium inflows improve risk pooling, underwriting diversification and bargaining power with distributors. Re-acceleration in FY2026 suggests demand resilience across savings and protection products, supporting medium-term earnings stability.
Read all positive factors
Life Insurance Corp. of India (LICI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.22T
Dividend Yield2.38%
Average Volume (3M)56.04K
Price to Earnings (P/E)8.8
Beta (1Y)1.11
Revenue Growth10.53%
EPS Growth23.28%
CountryIN
Employees84,565
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Life
Share Statistics
EPS (TTM)47.49
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
₹540.00Price Target Upside28.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)47.39
Revenue Forecast (FY)₹10.13T
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 its life insurance operations and the investment of funds it manages. Key revenue and earnings drivers include: (1) Premium income: Customers pay premiums for individual and group life insurance policies (e.g., te...
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 | 9.94T | 9.78T | 8.91T | 8.49T | 7.85T | 7.27T |
| Gross Profit | 4.71T | 4.79T | 8.66T | 8.23T | 7.59T | 7.03T |
| EBITDA | 591.44B | 574.96B | 490.00B | 416.50B | 366.25B | 46.87B |
| Net Income | 600.80B | 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 | -1.77T | 57.72T | 55.33T | 52.33T | 45.32T | 42.43T |
| Stockholders Equity | 1.77T | 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 Technical Analysis
Positive
421.35
Price Trends
419.21
Negative
405.10
Positive
411.55
Positive
Market Momentum
-3.26
Negative
49.65
Neutral
82.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LICI, the sentiment is Positive. The current price of 421.35 is above the 20-day moving average (MA) of 411.29, above the 50-day MA of 419.21, and above the 200-day MA of 411.55, indicating a neutral trend. The MACD of -3.26 indicates Negative momentum. The RSI at 49.65 is Neutral, neither overbought nor oversold. The STOCH value of 82.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LICI.
Life Insurance Corp. of India Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹5.22T | 8.82 | ― | 2.37% | 10.53% | 23.28% | |
69 Neutral | ₹1.79T | 68.72 | ― | 0.15% | -0.43% | 4.44% | |
63 Neutral | ₹823.60B | 109.65 | ― | ― | 38.00% | 96.69% | |
58 Neutral | ₹1.17T | 59.17 | ― | 0.72% | 5.03% | 4.87% | |
57 Neutral | ₹726.78B | 42.87 | ― | 0.33% | -8.37% | 35.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹535.96B | 492.19 | ― | ― | 4.89% | -59.23% |
* General Sector Average
IN:LICI
Life Insurance Corp. of India
421.00
-16.49
-3.77%
IN:HDFCLIFE
HDFC Life Insurance Co. Ltd.
541.20
-251.32
-31.71%
IN:ICICIPRULI
ICICI Prudential Life Insurance Co. Ltd.
503.00
-124.02
-19.78%
IN:MFSL
Max Financial Services Limited
1,574.80
-82.20
-4.96%
IN:POLICYBZR
PB Fintech Limited
1,770.60
-136.60
-7.16%
IN:SBILIFE
SBI Life Insurance Co. Ltd.
1,780.95
-93.15
-4.97%
Life Insurance Corp. of India Corporate Events
LIC shareholders clear all resolutions at fifth Annual General Meeting
Jul 27, 2026
Life Insurance Corporation of India has reported the voting results of its fifth Annual General Meeting held on July 27, 2026, to the stock exchanges, confirming that all seven resolutions on the agenda were approved with the requisite majority. T...
LIC schedules July 2026 investor and analyst meetings, reiterates compliance with SEBI norms
Jun 28, 2026
Life Insurance Corporation of India has announced that it will participate in a series of virtual and physical meetings with investors and analysts from various geographies between July 1 and July 15, 2026. The company has made an investor present...
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...
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.