The New India Assurance Company Ltd.
Snapshot View

96.75 -3.50 ▼-3.5%

25 May 2022, 04:01:00 PM
Volume: 42,200

Overview View Details

Sector Finance Compare with Sector peers
Industry Insurance Compare with Industry peers
Website http://www.newindia.co.in
Market Cap 15,944.40 Cr.
Enterprise Value(EV) Cr. -
Financial Indicators
Earnings per share (EPS) 1.18 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 81.95 Trailing Twelve Months Ending 2022-03
Industry PE 110.58 Trailing Twelve Months Ending 2022-03
Book Value / Share 119.99 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.81 Calculated using Price: 96.75
Dividend Yield 0.31 Period Ending 2021-03
No. of Shares Subscribed 164.80 Cr. 1,648,000,000 Shares
FaceValue 5
Company Profile

The New India Assurance Co. Ltd, founded in 1919, a Multinational General Insurance Company, operates in many countries and headquartered at Mumbai, India. The company has been market leaders in India in Non-Life business for many years. The company is the only direct insurer in India rated A-(Excellent) by AM BEST Company since 2007. The company has been rated AAA/Stable by CRISIL since 2014, indicating that the Company has the highest degree of Financial Strength to honour its Policyholder's obligations. The company has been leading the market, apart from premium, in reserves & net worth for many years.

Products

Motor

  • Two Wheeler (Bike)
  • Private Car
  • Commercial Vehicle
  • Standalone CPA Cover
  • Standalone OD for Motor TW
  • Standalone OD for Motor PC

Health

  • New India Cancer Gaurd Policy
  • New India Premier Mediclaim Policy (Big cover and small price)
  • New India Mediclaim Policy (Traditional support)
  • New India Floater Mediclaim Policy (Family cover)
  • New India Asha Kiran Policy (For your Girl child)
  • New India Top Up Mediclaim (Super Protection)
  • Senior Citizen Mediclaim Policy (Respect to Elders)
  • Janata Mediclaim Policy (To suit simple budget)

Travel

  • Overseas Mediclaim Policy (Higher Studies)
  • Overseas Mediclaim Policy (Business and Safe Holidays)
  • Overseas Mediclaim Policy (Frequent travellers)
  • Suhana Safar Policy (Domestic Travel)
  • Personal Accident Policy
  • Rasta Apatti Kavach (Road Safety Insurance)

Home and Contents

  • Griha Suvidha Policy (Tenants and Owners)
  • Householder's Policy
  • Fire Policy for Home (Safe Home)

Customised Business and SME Products

  • Jewellers Block Policy
  • Shopkeeper's Policy
  • Plate Glass Insurance
  • Neon Sign Insurance
  • Multi Peril Policy for L.P.G. Dealers
  • Fidelity Guarantee Insurance Policy
  • Money Insurance
  • Fire
  • Burglary
  • Marine Cargo
  • Commercial Vehicles
  • Misc. Vehicles

Other Products

  • Other Personal Insurance
  • Aviation Insurance
  • Marine Insurance
  • Industrial Insurance
  • Liability Insurance
  • Rural Insurance

Awards

  • 2018: India Insurance Summit Award 2018: General Insurance Company of the Year
  • 2018: India Insurance Summit Award 2018: Product Innovator of the Year- Title Insurance Policy
  • 2018: Outlook Money Gold Award
  • 2018: Business Today Financial Award: Best General Insurer Of The Year
  • 2018: Skoch Award Customer Service Order of Merit
  • 2018: Skoch Award Company of the Year Order of Merit
  • 2017: Golden Peacock Business Excellence Award
  • 2017: India Insurance Summit - Insurance Company of the Year
  • 2017: Dun & Bradstreet Bfsi Awards - India's Leading Insurance Company- Non-Life Public Sector
  • 2016: Indian Insurance Awards - General Insurance Company of the Year
  • 2016: Golden Peacock Excellence in Corporate Governance Award
  • 2016: Golden Peacock Excellence Innovative Product-Service Award
  • 2016: Indian Insurance Awards E-Business Leader -General Insurance
  • 2016: Indian Insurance Awards - Under Served Market Penetration - General Insurance (Large Category)
  • 2016: ABP News - Best General Insurance Company
  • 2016: Dun & Bradstreet PSU Awards - Non Life Insurance
  • 2015: Indian Insurance Awards - General Insurance Company of the Year
  • 2015: Samudra Manthan Awards - Insurance Company of the Year
  • 2015: Outlook Money Awards - Best Health Insurer
  • 2015: Indian Insurance Awards - Commercial Lines Growth Leadership General Insurance - Large Companies Category
  • 2015: Indian Insurance Awards - Claims Service Leader - Large Companies Category
  • 2015: Dun & Bradstreet PSU Awards - Insurance (General)
  • 2014: Indian Insurance Awards - Under Served Market Penetration - Genral Insurance
  • 2014: Indian Insurance Awards - Personal Lines Growth Leader (General Insurance) Public E Sector
  • 2014: India's SME Forum Best Insurer
  • 2014: Dalal Street Investment Journal Award for Best General Insurance Company of the Year
  • 2014: Golden Peacock Excellence in Corporate Governance Award
  • 2014: Indian Insurance Awards - Technology Maturity - General Insurance

Milestones

  • 1919: The company was incorporated as a limited company with an authorised share capital of Rs 20 crore.
  • 1920: Commenced operations in London.
  • 1956: Transferred its life insurance business to the Life Insurance Corporation of India, which was formed under the Life Insurance Corporation Act, 1956, pursuant to which life insurance business in India was nationalised.
  • 1973: The General Insurance Corporation of India was formed under the General Insurance Business (Nationalisation) Act, 1972, which provided for nationalisation of general insurance business in India. The company became a subsidiary of the General Insurance Corporation of India after the GoI transferred its entire shareholding in general insurance companies to the General Insurance Corporation of India.
  • 1974: The New India Assurance Company (Merger) Scheme, 1973, which was framed by the Department of Revenue and Insurance, Ministry of Finance, GoI under the General Insurance Business (Nationalisation) Act, 1972, became effective.
  • 2003: Pursuant to the General Insurance Business (Nationalisation) Amendment Act, 2002, the General Insurance Corporation of India transferred its entire shareholding in Company to the GoI.
  • 2012: The company crossed premium of Rs 100,000 million during 2011-12.
  • 2016: Received the approval for opening an office at Gujrat International Finance Tec-City, Gandhinagar.
  • 2017: The company crossed premium of Rs 200,000 million during 2016-17.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-3.49%
1 Week
-7.33%
1 Month
-14.68%
3 Month
-18.35%
6 Month
-36.12%
1 Year
-41.98%
2 Year
-16.49%
5 Year
10 Year
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 9.46 7.90 12.29 7.56 8.85 16.13 3.75 8.81 9.40
Return on Capital Employed (%) 11.22 9.27 15.21 8.34 10.24 19.89 4.19 10.18 11.88
Return on Assets (%) 3.57 2.97 4.36 2.67 3.14 6.05 1.55 4.28 4.90

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 25,590 28,585 34,541 31,035 36,434 24,668 24,162 21,581 25,604 19,830
Non Curr. Liab. 14,483 14,743 6,865 12,937 20,080
Sources of Funds 25,590 28,585 34,541 31,035 36,434 39,151 38,905 28,446 38,541 39,909
Non Curr. Assets 32,165 36,341 46,024 45,692 52,671 56,932 60,688 52,931 67,916 73,055
Deferred Tax (Net) 136 165 166 216 220 207 207 225 241 257
Net Curr. Assets -6,780 -7,955 -11,649 -15,309 -16,678 -18,264 -22,174 -26,441 -30,846 -33,403
Appl. of Funds 25,590 28,585 34,541 31,035 36,434 39,151 38,905 28,446 38,541 39,909

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Opt. Profit (Trf Shh a/c) -32 -388 50 -440 -529 987 -1,433 434 718
Inc. From Invest. 1,061 1,286 1,637 1,300 1,525 1,653 2,159 2,329 1,979
Other Income 20 27 26 57 218 102 42 55 29
Expenditure 35 19 -8 49 11 79 -92 -1,152 -654
Profit Before Tax 1,084 944 1,705 966 1,225 2,821 677 1,666 2,072
Prov. For taxation -170 -139 -328 -89 -166 -533 -72 -223 -432
Profit After Tax 914 805 1,377 877 1,059 2,288 605 1,442 1,640
Balance B/F from B/S
Appropriations -914 -805 -1,377 -877 -1,059 -2,288 -605 -1,442 -1,640
Balance C/F To B/S

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 300 440 847 -1,605 -124 425 -1,334 -967 777
Cash Fr. Inv. -126 785 -1,124 552 1,793 -860 2,290 2,586 -593
Cash Fr. Finan. -50 -201 -208 -366 -307 1,125 -476 -300 77
Net Change 124 1,024 -485 -1,418 1,362 690 480 1,320 261
Cash & Cash Eqvt 7,538 9,151 8,446 7,216 8,126 9,182 9,709 11,267 11,787

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 85.44 85.44 85.44 85.44 85.44 85.44 85.44 85.44 85.44
Public 14.56 14.56 14.56 14.56 14.56 14.56 14.56 14.56 14.56
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 25 May 2022
Announcement under Regulation 30 (LODR)-Cessation
Pursuant to Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing and Obligatory Disclosure Requirements) 2015 we wish to inform you that Mr. Sanjeev Kaushik Additional Secretary Department of Financial Services was appointed as a Government Nominee Director on Companys Board w.e.f. 17th January 2020.The ministry vide communication with Ref. no. A-11011/04/2022-Ins I dated 24th May 2022 informed that Mr. Sanjeev Kaushik demitted the office of Additional Secretary Department of Financial Services. Hence his tenure as Director of The New India Assurance Company Limited ceases w.e.f. 24th May 2022. (Ministry communication has been attached for your reference.)Kindly take the same on records.
Wed, 25 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
This has reference to our letter dated 23.05.2022 whereby we had submitted the outcome of the Board Meeting held on 23rd May 2022. The Newspaper clipping of the "Extract of the Audited financial results (Standalone/CFS)" of the Company for the Quarter and year ended 31st March 2022 is enclosed. The said extracts are also available on Companys website at www.newindia.co.inYou are requested to kindly take the same on record.
Tue, 24 May 2022
Board recommends Final Dividend
The New India Assurance Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23 2022 inter alia have approved the following:

- Recommendation of final dividend of 30 paise per equity share of face value of Rs. 5 each to the shareholders of the Company which shall be subject to their approval at the ensuing Annual General Meeting.

Technical Scans View Details

Wed, 25 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Close Crossing 52 Week Low Close Crossing 52 Week Low
Closing Below Previous Low Closing Below Previous Low

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