New India Assurance Co. Ltd. (IN:NIACL)
:NIACL
Want to see IN:NIACL full AI Analyst Report?
Top Page
New India Assurance Co. Ltd.
(NIACL)
Select Model
Select Model
Rating:52Neutral
Price Target:
₹131.00
▼(-16.56% Downside)
Action:N/ADate:01/04/26
The score is held back primarily by weak cash flow quality (repeated negative operating/free cash flow) and a notable 2025 revenue decline, despite a conservative, no-debt balance sheet. Technicals also remain bearish with the stock trading below major moving averages and a negative MACD, while valuation is neutral with a mid P/E and modest dividend yield.
Positive Factors
Conservative Balance Sheet (No Debt)
A no-debt balance sheet materially reduces financial distress risk and increases long-term flexibility for underwriting volatility or catastrophe losses. Over months this supports capacity to honor claims, maintain ratings, and pursue selective growth without refinancing pressure.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flow weakens financial resilience: cash shortfalls limit ability to pay claims promptly, invest in distribution or IT, or fund growth without tapping equity or reserves. This structural cash conversion issue raises funding and operational risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet (No Debt)
A no-debt balance sheet materially reduces financial distress risk and increases long-term flexibility for underwriting volatility or catastrophe losses. Over months this supports capacity to honor claims, maintain ratings, and pursue selective growth without refinancing pressure.
Read all positive factors
New India Assurance Co. Ltd. (NIACL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹265.66B
Dividend Yield1.18%
Average Volume (3M)49.59K
Price to Earnings (P/E)16.9
Beta (1Y)1.73
Revenue Growth10.53%
EPS Growth20.62%
CountryIN
Employees11,938
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)2.31
Shares Outstanding1,648,000,000
10 Day Avg. Volume33,983
30 Day Avg. Volume49,594
Financial Highlights & Ratios
PEG Ratio-3.54
Price to Book (P/B)0.59
Price to Sales (P/S)0.59
P/FCF Ratio-7.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.17
Revenue Forecast (FY)₹500.71B
New India Assurance Co. Ltd. Business Overview & Revenue Model
Company Description
The New India Assurance Company Limited, together with its subsidiaries, operates as a general insurance company in India and internationally. The company provides marine cargo and hull, motor, health, travel, home and contents, customized busines...
How the Company Makes Money
NIACL primarily makes money by underwriting non-life insurance policies and earning premiums in exchange for taking on insured risks. Its main revenue streams are: (1) Net premium income: policyholders pay premiums for coverage across lines such a...
New India Assurance Co. Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 480.54B | 440.64B | 442.69B | 418.35B | 365.32B | 336.03B |
| Gross Profit | 437.07B | 398.96B | 406.40B | 386.34B | 335.24B | 306.65B |
| EBITDA | 10.49B | 11.74B | 15.31B | 14.58B | 3.48B | 24.89B |
| Net Income | 11.62B | 10.37B | 11.16B | 10.48B | 1.95B | 16.40B |
Balance Sheet | ||||||
| Total Assets | 1.11T | 1.10T | 1.07T | 982.23B | 964.96B | 924.70B |
| Cash, Cash Equivalents and Short-Term Investments | 154.49B | 177.10B | 171.92B | 153.93B | 138.19B | 139.39B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 671.14B | 655.40B | 626.36B | 723.02B | 706.36B | 668.66B |
| Stockholders Equity | 435.44B | 441.83B | 454.39B | 392.96B | 398.54B | 384.93B |
Cash Flow | ||||||
| Free Cash Flow | -41.05B | -35.06B | -47.41B | -59.53B | -41.68B | 6.78B |
| Operating Cash Flow | -40.71B | -33.90B | -46.72B | -58.55B | -40.52B | 7.77B |
| Investing Cash Flow | 8.07B | 46.91B | 68.86B | 53.87B | 48.93B | -5.93B |
| Financing Cash Flow | -2.97B | -3.43B | -3.26B | -647.70M | -56.55M | 768.01M |
New India Assurance Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹882.20B | 30.69 | ― | 0.69% | 12.68% | 9.94% | |
72 Outperform | ₹291.54B | 56.68 | ― | ― | 7.86% | 38.61% | |
70 Outperform | ₹701.67B | 9.68 | ― | 2.69% | 11.99% | 28.15% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | ₹265.66B | 16.90 | ― | 1.18% | 10.53% | 20.62% |
* Financial Sector Average
IN:NIACL
New India Assurance Co. Ltd.
161.20
-9.25
-5.43%
IN:GICRE
General Insurance Corporation of India
399.95
-5.95
-1.47%
IN:GODIGIT
Go Digit General Insurance Limited
315.35
30.20
10.59%
IN:ICICIGI
ICICI Lombard General Insurance Co. Ltd.
1,769.50
-90.02
-4.84%
New India Assurance Co. Ltd. Corporate Events
CRISIL Reaffirms AAA/Stable Rating for New India Assurance
Apr 17, 2026
The New India Assurance Company Limited has had its CRISIL AAA/Stable credit rating reaffirmed by Crisil Ratings, indicating the highest degree of safety for timely servicing of debt obligations. This rating signals that debt exposures to the insu...
New India Assurance Wins Appeal as Rs 672 Crore Tax Demand Scrapped
Feb 27, 2026
The New India Assurance Company Ltd. has disclosed that it received a favourable order from the National Faceless Appeal Centre of the Income Tax Department for the assessment year 2022-23. The authority deleted an income tax demand of Rs. 6,72,36...
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.