Is Life Insurance Corporation of India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Life Insurance Corporation of India is a good quality company .

Is Life Insurance Corporation of India undervalued or overvalued?

The key valuation ratios of Life Insurance Corporation of India's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Life Insurance Corporation of India share price return in the past 10 years?

Data is not available for this company

Is Life Insurance Corporation of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Life Insurance Corporation of India is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Life Insurance Corporation of India?

The latest standalone P/E ratio of Life Insurance Corporation of India as of 18-Nov-2024 is 13.82.

What is the P/B ratio of Life Insurance Corporation of India?

The latest standalone P/B ratio of Life Insurance Corporation of India as of 18-Nov-2024 is 5.90.

What is the 52-week high and low of Life Insurance Corporation of India?

The 52-week high of Life Insurance Corporation of India is Rs. 1221.50 and the 52-week low is Rs. 604.15.

Life Insurance Corporation of India - Stock Valuation and Financial Performance

Name: Life Insurance Corporation of India
Brand: Life Insurance Corporation of India

BSE: 543526 | NSE: LICI | Insurance | Large Cap

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Life Insurance Corp Share Price

₹902 -6.30 -0.69%
as on 18-Nov'24 16:59

10 Year X-Ray of Life Insurance Corp:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	339.5%	450.7%	383.3%	400.4%	422%	395.3%	82.5%	48.7%	129.8%	63.8%	-
Value Creation Index ⓘ	29.2	39.1	33.1	34.6	36.5	34.1	4.9	2.5	10.5	4.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	0	0	0	0	0	0	0
Sales YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
Adj EPS ⓘ	2.9	4	3.5	3.9	4.3	4.3	4.6	6.4	57.6	64.3	65.3
YoY Gr.	-	38.2%	-11.3%	9.6%	9.8%	0.9%	7%	39.2%	800.6%	11.8%	-
BVPS (₹) ⓘ	0.9	0.9	1	1	1	1.1	10	16.4	72.4	129.8	152.8
Adj Net Profit ⓘ	1,824	2,518	2,232	2,446	2,689	2,713	2,901	4,043	36,397	40,676	41,290
Cash Flow from Ops. ⓘ	54,190	77,405	70,555	67,865	19,765	74,769	55,723	-3,135	59,718	28,484	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	NA	NA
Adj EPS ⓘ	41.2%	72.2%	141.1%	11.8%
BVPSⓘ	74.4%	163.1%	135%	79.1%
Share Price	-	-	-	46.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	158.9	63.6	-
Op. Profit Mgn % ⓘ	0	0	-
Net Profit Mgn % ⓘ	0	0	-
Debt to Equity ⓘ	0	0	-
Working Cap Days ⓘ	0	0	0
Cash Conv. Cycle ⓘ	0	0	40

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 141.08%

Sales growth is good in last 4 quarters at 11.89%

Return on Equity has declined versus last 3 years average to 46.20%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Life Insurance Corporation of India

	Standalone	Consolidated
TTM EPS (₹)	65.3	65.7
TTM Sales (₹ Cr.)	5,02,981	5,04,755
BVPS (₹.) ⓘ	152.8	154.4
Reserves (₹ Cr.) ⓘ	90,301	91,310
P/BV ⓘ	5.90	5.84
PE ⓘ	13.82	13.74

From the Market
52 Week Low / High (₹)	604.15 / 1221.50
All Time Low / High (₹)	530.20 / 1221.50
Market Cap (₹ Cr.)	5,70,515
Equity (₹ Cr.)	6,325
Face Value (₹)	10
Industry PE ⓘ	21.1

Management X-Ray of Life Insurance Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Life Insurance Corp

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Life Insurance Corp

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income From Investments	33	32	48	38	43	35	23	201	1,148	3,695
Other Income ⓘ	0	0	0	0	0	0	0	0	3	0
Expenses	1	0	0	0	0	0	0	1	0	246
Profit Before Tax	1,834	2,529	2,248	2,459	2,703	2,721	2,907	4,067	36,457	40,787
Tax ⓘ	11	11	17	13	15	8	6	24	59	111
Adjustments	0	0	0	0	0	0	0	0	0	0
Net Profit	1,824	2,518	2,232	2,446	2,688	2,713	2,901	4,043	36,397	40,676
Adjusted EPS (₹)	2.88	3.98	3.53	3.87	4.25	4.29	4.59	6.39	57.55	64.31
Dividend Payout Ratio (%)	99%	99%	99%	99%	2%	2%	0%	23%	5%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	100	100	100	100	100	100	100	6,325	6,325	6,325
Reserve and Surplus	451	472	502	527	555	622	6,225	4,043	39,492	75,740
Fair Value A/C	12	11	5	24	24	18	36	41	-148	-127
Borrowings ⓘ	0	0	0	0	0	0	0	0	0	0
Policy Holders Fund	1,58,669	1,03,972	1,94,998	1,96,734	2,16,778	-4,341	2,72,871	4,00,239	3,48,280	6,92,682
Funds For Appropriations	0	0	0	0	0	0	3	1,834	3,919	1,215
Total Liabilities ⓘ	19,92,079	21,70,808	25,29,147	27,91,615	30,55,613	31,23,732	37,28,902	41,59,345	44,91,132	52,22,039
Assets
Investment	0	0	0	0	0	0	0	0	0	0
Loans	1,01,028	1,04,164	1,02,291	1,02,750	1,04,323	1,07,823	1,07,783	1,09,876	1,15,562	1,20,258
Total Net block	2,869	2,911	2,403	2,574	2,643	2,767	3,305	3,354	3,489	3,655
Total Assets ⓘ	19,92,079	21,70,808	25,29,147	27,91,615	30,55,613	31,23,732	37,28,902	41,59,345	44,91,132	52,22,039

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	54,190	77,405	70,555	67,865	19,765	74,769	55,723	-3,135	59,718	28,484
PBT ⓘ	0	0	0	0	0	0	0	0	0	0
Adjustment ⓘ	61,606	85,555	92,777	84,532	42,837	86,827	72,219	6,101	56,034	25,443
Changes in Working Capital ⓘ	-165	-549	-7765	-1362	-4918	-721	-4704	760	167	-420
Tax Paid ⓘ	-7,251	-6,750	-13,527	-15,306	-18,154	-11,337	-11,792	-9,997	3,516	3,462
Cash Flow From Investing Activity ⓘ	-69,099	-97,078	-78,249	-75,610	1,895	-85,763	-54,186	10,486	-58,196	-27,703
Capex	-190	-22	333	-304	-375	-456	-789	-457	-544	-514
Net Investments	-2,19,816	-2,44,138	-2,38,137	-2,49,017	-1,84,144	-2,92,166	-2,76,617	-2,37,790	-3,21,647	-3,15,282
Others ⓘ	1,50,908	1,47,082	1,59,554	1,73,712	1,86,414	2,06,859	2,23,220	2,48,733	2,63,994	2,88,094
Cash Flow From Financing Activityⓘ	-1,634	-1,803	-2,497	-2,370	-2,252	-2,608	0	0	-949	-4,427
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	-949	-4,427
Dividend Paid ⓘ	-1,634	-1,803	-2,497	-2,370	-2,252	-2,661	0	0	0	0
Others ⓘ	0	0	0	0	0	52	0	0	0	0
Net Cash Flow ⓘ	-16,543	-21,475	-10,191	-10,115	19,408	-13,602	1,537	7,350	573	-3,645

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)
ROCE (%)
Asset Turnover Ratio	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.1
PAT to CFO Conversion(x)	29.71	30.74	31.61	27.75	7.35	27.56	19.21	-0.78	1.64	0.7
Working Capital Days
Receivable Days	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Life Insurance Corporation of India Stock News

Life Insurance Corporation of India FAQs

What is the share price of Life Insurance Corp?

Company share prices are keep on changing according to the market conditions. The closing price of Life Insurance Corp on 18-Nov-2024 16:59 is ₹902.0.

What is the market cap of Life Insurance Corp?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Life Insurance Corp stood at ₹5,70,514.8.

What is the P/E ratio of Life Insurance Corp?

The latest P/E ratio of Life Insurance Corp as of 18-Nov-2024 16:59 is 13.82.

What is the P/B ratio of Life Insurance Corp?

The latest P/B ratio of Life Insurance Corp as of 18-Nov-2024 16:59 is 5.90.

What is the 52-week high and low of Life Insurance Corp?

The 52-week high of Life Insurance Corp is ₹1,221.5 and the 52-week low is ₹604.1.

What is the TTM revenue of Life Insurance Corp?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Life Insurance Corp is ₹5,02,981 ( Cr.) .

About Life Insurance Corporation of India

Life Insurance Corporation, popularly known as LIC is Indian state-owned insurance group and investment company. The corporation was formed by merging and nationalizing 245 private life insurance companies in India on September 1, 1956, with an initial capital of Rs 50 million. From the corporation’s incorporation until 2000, it was the only life insurer in India. The corporation was identified by IRDAI as a Domestic Systemically Important Insurer (D-SII) on the basis of size, market importance and domestic and global inter-connectedness in September 2020. The corporation’s brand, LIC, was recognised as the third strongest and 10th most valuable global insurance brand as per the “Insurance 100 2021 report” released by Brand Finance. The strength of a brand means the efficacy of a brand's performance on intangible measures relative to its competitors and is determined by looking at the brand's marketing investment, stakeholder equity and impact of those on business performance. The value of a brand is the present value of earnings specifically related to brand reputation.

Business area of the company

The corporation is been providing life insurance in India for many years and is the largest life insurer in India. It has a broad, diversified product portfolio covering various segments across individual products and group products. Its individual products comprise (i) participating insurance products and (ii) non-participating products, which include (a) savings insurance products; (b) term insurance products; (c) health insurance products; (d) annuity and pension products; and (e) unit linked insurance products. Its individual products include specially designed products for specific segments, such as special products for women and children and Micro Insurance products. In addition, it offer riders that provide additional benefits along with the base product to cover for additional risks, such as accidental disability, death, critical illness and premium waiver on the death of the proposer. The corporation’s individual product portfolio in India comprises many individual products and various individual riders. Its group products comprise (i) group term insurance products, (ii) group savings insurance products; (iii) group savings pension products; and (iv) group annuity products. The corporation’s group product portfolio in India comprises various group products.

The corporation’s omni-channel distribution platform for individual products currently comprises (i) individual agents, (ii) bancassurance partners, (iii) alternate channels (corporate agents, brokers and insurance marketing firms), (iv) digital sales (through a portal on Corporation’s website), (v) Micro Insurance agents and (vi) Point of Sales Persons-Life Insurance scheme. The corporation’s individual policies are primarily distributed by its individual agents.

Awards, accreditations and recognitions received by corporation

2019-2020:

Aqua Foundation’s Excellence Award under the category of Excellence in Resource Management.
BFSI Congress - Customer Centric Excellence Award.
Life Insurance Provider of the year at Outlook Money Awards.
Award for Marketing Excellence in BFSI sector at BTVI Awards.
Golden Peacock National Training Award (GPNTA) for the year 2019.

2020-21:

Certificate of Appreciation on reaching final rounds of evaluation of BML Munjal Awards 2020.
HR Award 2020 in Training Excellence at the 9th Annual Greentech HR Award 2020.
Golden Peacock Award for Excellence in Corporate Governance (GPAECG) for the year 2020.
Continuous Campaign (Metro only) Award by IPRCCA.
Jamnalal BajajUchit Vyavahar Puraskar for Fair Business Practices by Council for Fair Business Practices.
SKOCH Award - Excellence in BFSI (Platinum) for claim settlements.
Micro Insurance Leader Award at the Business Leader of the Year Awards.
Claim Service Leader Award at the Business Leader of the Year Award.
Most Admired Company of the Year Award at the Business Leader of the Year Awards.
Technology Initiative of the Year Award at the Business Leader of the Year Awards.
Life Insurance Company of the Year Award at National Award for Excellence in Financial Services.
Customer Service Excellence Award at National Awards for Excellence in Financial Services.
Award for Marketing Excellence at National Awards for Excellence in Financial Services.
Certificate of Apprenticeship by Governor of Maharashtra for excellent work done during lockdown arising out of the COVID-19 Pandemic.

2021-22:

FICCI Special Jury Award at the Insurance Industry Awards 2021.
FICCI Best Insurance Campaign – Life Category at the Insurance Industry Awards 2021.
Recognised for Epitomising Excellence in the BFSI Industry at 50 Most Trusted BFSI Brands Awards 2021 by Marksmen Daily.
Best PSU award in the life insurance sector at Dun & Bradstreet PSU Awards.
Customer Service Excellence Award at National Award for excellence in BFSI.
‘Insurance Company of the year’ at National Award for excellence in BFSI.
Certificate at ACEF 10th Global Customer Engagement Forum & Awards in ‘Television - Promotion’ for ‘Pehle LIC’.
Recognised as one of the Most Trusted Brands of India 2022 by Team Marksman India.
Recognised as one of the Best BFSI - Brands 2022 by the Economic Times at the Best Brands Awards 2022.
Customer Service Excellence Award at the World BFSI Congress & Awards.
Insurance Company of the Year Award at the World BFSI Congress & Awards.
Operational Excellence Initiative of the Year Award for ‘Ananda’ at the World BFSI Congress & Awards.
Technology Initiative of the Year Award for ‘Jeevan Sakshya’ at the World BFSI Congress & Awards.
Excellence in Claim Service Award at the World BFSI Congress & Awards.

Major events and milestones

1956: Establishment of the Corporation.
1956: Established foreign branches in Fiji and Mauritius.
1960: Established foreign branch in United Kingdom.
1963-64: Corporation undertook initiatives in becoming pioneer in installing computers with installation of two computer systems - one in Mumbai and one in Kolkata, with an aim to improve operations.
1981: Implementation of ‘Reorganization Policy’ to give effect to larger scale decentralization of operations and decision-making.
1989: Established an associate, LIC Housing Finance Limited.
1989: Established LIC Mutual Fund as a trust.
1989: Established a subsidiary, Life Insurance Corporation (International) B.S.C. (c), in Bahrain.
1997: Implementation of Corporation’s ‘Metro Area Network’ and ‘Wide Area Network’ resulting in linking network of all branches.
2000: Established a subsidiary, Life Insurance Corporation (Nepal) Ltd., in Nepal.
2003: Established a subsidiary, Life Insurance Corporation (Lanka) Limited, in Sri Lanka.
2006: Established ‘LIC’s Golden Jubilee Foundation’ with an aim to support construction of hospitals, schools, etc. and provide scholarships to meritorious students from marginalized communities.
2007: Established a subsidiary, LIC Pension Fund Limited.
2007: Entered into an agreement for implementation of ‘Enterprise Document Management System’ (EDMS) with an aim to convert all policy records into digital format.
2008: Established a subsidiary, LIC Cards Services Limited, to provide credit card services.
2012: Established a wholly owned subsidiary, Life Insurance Corporation (Singapore) Pte Ltd, in Singapore.
2015: Established a subsidiary, Life Insurance Corporation (LIC) Bangladesh Limited, in Bangladesh.
2019: Completed the acquisition of 51% stake in IDBI Bank.
2020: Designated as Domestic Systemically Important Insurer (D-SII).
2021: Launched Atma Nirbhar Agents New Business Application.