New India Assurance Co. Ltd. (NIACL) AI Stock Analysis

• Market Cap: ₹245.88B
• Dividend Yield: 1.18%
• Average Volume (3M): 49.59K
• Price to Earnings (P/E): 21.2
• Beta (1Y): 1.41
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 11,938
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 0.33
• Shares Outstanding: 1,648,000,000
• 10 Day Avg. Volume: 33,983
• 30 Day Avg. Volume: 49,594
• PEG Ratio: -3.54
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.60
• P/FCF Ratio: -7.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹159.00 ▲(1.27% Upside)

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.

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 business and SME products, other personal, industrial, rural, machinery, aviation, engineering, liability, fire and burglary, crop, personal accident, and property insurance products. It also offers reinsurance products. The company was incorporated in 1919 and is headquartered in Mumbai, India.

How the Company Makes Money

New India Assurance Co. Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	453.82B	440.64B	442.69B	418.35B	365.32B	336.03B
Gross Profit	411.03B	398.96B	406.40B	386.34B	335.24B	306.65B
EBITDA	11.62B	11.74B	15.31B	14.58B	3.48B	24.89B
Net Income	11.98B	10.37B	11.16B	10.48B	1.95B	16.40B
Balance Sheet
Total Assets	0.00	1.10T	1.07T	982.23B	964.96B	924.70B
Cash, Cash Equivalents and Short-Term Investments	0.00	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	-442.30B	655.40B	626.36B	723.02B	706.36B	668.66B
Stockholders Equity	442.30B	441.83B	454.39B	392.96B	398.54B	384.93B
Cash Flow
Free Cash Flow	0.00	-35.06B	-47.41B	-59.53B	-41.68B	6.78B
Operating Cash Flow	0.00	-33.90B	-46.72B	-58.55B	-40.52B	7.77B
Investing Cash Flow	0.00	46.91B	68.86B	53.87B	48.93B	-5.93B
Financing Cash Flow	0.00	-3.43B	-3.26B	-647.70M	-56.55M	768.01M

New India Assurance Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GODIGIT	72 Outperform	₹309.54B	63.22	―	―	―	―
ICICIGI	72 Outperform	₹943.25B	33.54	―	0.69%	14.43%	25.13%
GICRE	70 Outperform	₹642.64B	6.71	―	2.69%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NIACL	52 Neutral	₹245.88B	21.16	―	1.18%	―	―

New India Assurance Co. Ltd. Corporate Events

New India Assurance Gets Major Relief in GST Case, Plans Appeals Against Residual Tax Demands

The New India Assurance Company Limited has disclosed that a major goods and services tax (GST) demand of approximately Rs 2,298 crore raised in a prior show-cause notice has largely been set aside by the adjudicating authority, which dropped about Rs 2,188 crore of the tax demand and confirmed roughly Rs 110 crore along with applicable interest and penalties for the period April 2018 to March 2023. In a separate order for FY 2021–22, the company has received a confirmed GST demand of about Rs 69.17 crore, including tax, interest and penalties, from the Assistant Commissioner in New Delhi; in both matters, based on advice from tax consultants, New India Assurance plans to challenge the orders before the first appellate authorities and maintains that it has strong grounds to contest the liabilities, signaling continued but significantly reduced regulatory tax exposure and an ongoing dispute process that stakeholders will monitor for potential financial impact.

New India Assurance Issues Corrigendum to Annual Report

The New India Assurance Company Limited has issued a corrigendum to its Annual Report for the fiscal year 2024-25. The update, which has been published in several newspapers and is available on the company’s website, addresses an error in the reporting of the company’s Corporate Social Responsibility (CSR) obligations. The correction does not affect the company’s financial disclosures, indicating that the overall financial health and transparency of the company remain intact.

New India Assurance Sees Positive Credit Rating Outlook from A.M. Best

The New India Assurance Company Limited has received a positive revision in its credit rating outlook from A.M. Best, moving from stable to positive, while affirming its Financial Strength Rating of B++ and Long-Term Issuer Credit Rating of ‘bbb+’. The revision reflects improvements in the company’s enterprise risk management, including enhanced risk management frameworks and strengthened internal controls, which are expected to continue addressing audit qualifications. This development underscores the company’s robust balance sheet, strong risk-adjusted capitalisation, and favorable business profile, positioning it well within the industry.

New India Assurance Schedules Analyst Meet to Discuss Q2 Financials

The New India Assurance Company Ltd. has announced an upcoming analyst and institutional investors meeting scheduled for November 17, 2025, in Mumbai. This meeting will involve discussions on the company’s financial performance for Q2 FY 2025-26. The engagement is part of their regulatory disclosure obligations and aims to provide insights into the company’s operations and strategic direction, potentially impacting investor confidence and market positioning.