New India Assurance Company Ltd

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NIACL •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
151.67% Gain from 52W Low
30.9
TTM PE Ratio
Below industry Median
42.8
Price to Book Ratio
Low in industry
2.2
Dividend yield 1yr %
Market Runner Up
0.7
TTM PEG Ratio
PEG TTM is much higher than 1
6.5
RSI
RSI Overbought
70.9
MFI
MFI Overbought
76.1

New India Assurance Company Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

New India Assurance Company Ltd shareholding Pattern

Promoter
85.4%
Foreign Institutions
0.8%
Domestic Institutions
11.8%
Public
2%
Promoter
85.4%
Foreign Institutions
0.8%
Domestic Institutions
11.7%
Public
2.1%
Promoter
85.4%
Foreign Institutions
0.7%
Mutual Funds
0.3%
Domestic Institutions
11.9%
Public
1.9%
Promoter
85.4%
Foreign Institutions
0.7%
Mutual Funds
0.3%
Domestic Institutions
11.9%
Public
2%
Promoter
85.4%
Foreign Institutions
0.6%
Mutual Funds
0.3%
Domestic Institutions
11.9%
Public
2%
Promoter
85.4%
Foreign Institutions
0.6%
Mutual Funds
0.2%
Domestic Institutions
11.9%
Public
2%

New India Assurance Company Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
284.20
10Day EMA
275.70
12Day EMA
272.70
20Day EMA
263.70
26Day EMA
259.10
50Day EMA
249.30
100Day EMA
239.50
200Day EMA
218.20
5Day SMA
285.30
10Day SMA
274.90
20Day SMA
258.60
30Day SMA
249.00
50Day SMA
241.80
100Day SMA
242.10
150Day SMA
239.90
200Day SMA
219.70
Delivery & Volume
Resistance & Support
291.72
Pivot
Resistance
First Resistance
297.43
Second Resistance
304.95
Third Resistance
310.66
Support
First Support
284.20
Second support
278.49
Third Support
270.97
Relative Strength Index
70.86
Money Flow Index
76.07
MACD
13.66
MACD Signal
10.06
Average True Range
13.49
Average Directional Index
30.18
Rate of Change (21)
18.75
Rate of Change (125)
34.78
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
ICICI Lombard General Insurance Company Ltd.
92614.68
1266
1902.7
General Insurance Corporation of India
73105.85
182.55
467
Star Health and Allied Insurance Company Ltd.
34452.26
477
674.95
Go Digit General Insurance Ltd.
31134.43
277.8
374.15

New India Assurance Company Ltd Company background

Founded in: 1919
Managing director: Neerja Kapur
The New India Assurance Company Limited is the largest general insurance company in India in terms of net worth, domestic gross direct premium, profit after tax and number of branches. The Companys operations are spread across 29 States and seven Union Territories in India and across 26 other countries globally through a number of international branches, agency offices and Subsidiaries including a desk at Lloyds, London. The Companys insurance products can be broadly categorized into the following product verticals: fire insurance marine insurance, motor insurance, crop insurance, health insurance and other insurance products. The Company is registered with IRDAI for carrying out the business of general insurance. The New India Assurance Company Limited was incorporated as a Limited Company on July 23, 1919 at Mumbai, Maharashtra, India. The Company obtained the Certificate of Commencement of Business on October 14, 1919. In 1920, within one year of the incorporation of the Company, New India Assurance Company opened an office in London. After that, the Company saw a steady increase in presence abroad with Manila, Port Louis and Japan. In 1956, New India Assurance Company transferred life insurance business to the Life Insurance Corporation of India, which formed under the Life Insurance Corporation Act, 1956, pursuant to which life insurance business in India was nationalized. In 1973, The General Insurance Corporation of India was formed under the General Insurance Business (Nationalization) Act, 1972, which provided for nationalization of general insurance business in India. New India Assurance Company became a subsidiary of the General Insurance Corporation of India after the Government of India (GoI) transferred its entire shareholding in general insurance companies to the General Insurance Corporation of India. Pursuant to the 1973 Scheme, which came into force on January 1, 1974, New India Assurance Company was nationalized by the Government of India. In 2003, pursuant to the General Insurance Business (Nationalization) Amendment Act, 2002, the General Insurance Corporation of India transferred its entire shareholding in New India Assurance Company to the GoI. New India Assurance Company crossed premium of Rs 10000 crore during 201112. In 2016, the Company received approval for opening an office at Gujarat International Finance TecCity, Gandhinagar. The Company crossed premium of Rs 20000 crore during 201617. In November 2017, New India Assurance Company came out with an initial public offer (IPO). The IPO was a combination of fresh issue of shares by the company and offer for sale of a portion of its stake by Government of India (GoI). The stock debuted at Rs 748.90 on BSE on 13 November 2017 compared with IPO price of Rs 800 per share.The Board of Directors of The New India Assurance Company Ltd at its meeting held on May 11, 2018, recommended issue of bonus shares in proportion of 1:1 (ie. 1 new bonus equity share of Rs. 5 each for every 1 equity shares of Rs. 5 each held), subject to approval of the shareholders.During year 2019, Companys foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3530.37 crores and a Net Premium of Rs. 2839.09 crores in FY 201819. The foreign operations recorded an underwriting (loss) of Rs. (543.10) crores and Profit After Tax was Rs. (389..90) crores. It approved 67 New Micro Offices and opened 35 new Micro Offices. During year 2019, 10 Micro Offices were upgraded to Branch Offices and 18 Branch Offices were upgraded to Divisional Offices. As on 31st March 2019, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 IFSC, 477 Divisional Offices, 594 Branch Offices, 25 Direct Agent Branches and 1257 Micro Offices, totaling 2395 offices inclusive of Head Office.During the year 2019, 22 new products were launched by the Company. During FY2019, the Company issued Bonus Equity Shares of Rs. 5 each in the ratio of 1:1 to the existing shareholders of the Company for which, allotment date was 29 June, 2018.During year 2020, the Company serviced more than 30 million policies. As on 31st March 2020, the Company has a network of31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 office at International Financial Services Centre, 1 Digital Hub, 474 Divisional Offices, 591 Branch Offices, 25 Direct Agent Branches and 1160 Micro Offices, totaling 2292 offices inclusive of Head Office. The Companys foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3747.58 crores and a Net Premium of Rs. 3042.99 crores in FY 201920. The foreign operations recorded an underwriting profit of Rs. 73.31 crores and Profit After Tax was Rs. 214.91 crores. Gross Written Premium increased to Rs. 31244 crores, recording a growth of 11.52% in 201920. During the year 2020, two new products were approved by the Regulator IRDAI (Stand Alone Motor Own Damage Policy for TwoWheeler and for Private Car).During FY2021, Global Gross Written Premium increased to Rs. 28663 crores, recording a growth of 6.16% in% in 202021. The Companys foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3888.83 crores and a Net Premium of Rs. 3070.24 crores in 202021. The foreign operations recorded an underwriting profit of Rs. 75.69 crores and Profit After Tax was Rs. 196.21 crores. During the year 2021, Company opened 1 Regional Government Business Office (RGBO) for better servicing and closed 1 Divisional Office, 2 Branch Offices and 76 Micro Offices. During the year 2021, eight new products were approved by the Regulator IRDAI (Nil Depreciation Addon Cover under Commercial Vehicles, Roadside Assistance AddOn Cover under Annual Policy, Bundled Policy, Stand Alone Motor Own Damage Policy for TwoWheeler and Private Car separately and under Long Term TwoWheeler Package Policy for 2 3 years). During FY 20202021,Company selected Punjab Sind Bank as its General Insurance business partner. During the year 2021, Company opened 1 Micro Office for better servicing and closed 3 Branch offices and 41 Micro Offices.During FY2022, Global Gross Written Premium increased to Rs. 32837 crores, recording a growth of 14.56% in 202122. The Companys foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3644.41 crores and a Net Premium of Rs. 2916.94 crores in 202122. The foreign operations recorded an underwriting loss of Rs 206.35 crores and Loss after Tax was Rs. 2.95 crores. As on 31st March 2022, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 RGBO,1 IFSC, 1 Digital Hub, 473 Divisional Offices, 584 Branch Offices, 25 Direct Agent Branches and 1046 Micro Offices, totaling 2171 offices inclusive of Head Office. New India Assurance has tieup with PSU i.e. Canara Bank, Punjab and Sind Bank, Central Bank of India and 3 private banks including IDBI 1 foreign bank i.e. Citibank, besides 30 Scheduled Cooperative Banks during FY 20212022. In FY 20212022 Bancassurance contributed Rs 267.66 cr. premium income and ICR was 82.34%.During FY2022, Global Gross Written Premium increased to Rs. 34800 crores, recording a growth of 5.98% in 202223. The Companys foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3,990.81 crores and a Net Premium of Rs. 3,245.75 crores in 202223. The foreign operations recorded an underwriting loss of Rs 263.71 crores and Loss after Tax was Rs. 107.14 crores. As on 31st March 2023, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 RGBO,1 IFSC, 1 Digital Hub, 469 Divisional Offices, 564 Branch Offices, 23 Direct Agent Branches and 816 Micro Offices, totaling 1915 offices inclusive of Head Office. New India Assurance has tieup with PSU i.e. Canara Bank, Punjab and Sind Bank, Central Bank of India and 3 private banks including IDBI 1 foreign bank i.e. Citibank, besides 30 Scheduled Cooperative Banks during FY 202223. In FY 202223, Bancassurance contributed Rs 248.12 cr. premium income and ICR was 82.34%.
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New India Assurance Company Ltd FAQs

The past 1-year return of New India Assurance Company Ltd [NIACL] share was 147.75. The New India Assurance Company Ltd [NIACL] share hit a 1-year low of Rs. 115 and a 1-year high of Rs. 324.

The Mutual Fund Shareholding was 0.05% at the end of .

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