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75% Buy

LIC Share Price

LICI

₹1,111.15+₹24.50 (2.25%) TodayLast updated on 24 Jul, 2024 | 10:11 IST
₹1,088.15₹1,117.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹6,87,306 Crs

Open

₹1,090.00

Close

₹1,086.65

Circuit range

₹1,303.95 - ₹869.35

Day range

₹1,088.15 - ₹1,117.00

Year range

₹597.35 - ₹1,175.00

Volume

8,01,305

Avg. traded

₹1,102.36

Revenue (12m)

₹8,60,630 Crs

LIC

Life Insurance Corporation of India (LIC), a public sector enterprise, is India’s largest insurance company. It is the country’s largest institutional investor with total assets under management (AUMs) worth ₹45.7 lakh crore as of March 2023.

LIC was formed on September 1, 1956, after the Parliament of India passed the Life Insurance Corporation Act on June 19, 1956. It had total assets of ₹411 crore and 51 lakh policies in force that year.

By FY-2023, LIC grew multifold with total assets worth more than ₹45.50 lakh crore and 27.74 crore policies in force.

In May 2022, the initial public offering (IPO) of LIC became India’s largest ever public issue. The shares got listed on the stock exchanges on May 17, 2022. The LIC share price has since fallen 7% from its listing levels. The company currently has a market capitalisation of ₹4,87,625 crore. The Government of India owns 96.5% stake in LIC (as of September 2023), with the remaining 3.5% with the public.

Business operations

LIC functions with 2,048 fully computerised branch offices, 113 divisional offices, 8 zonal offices, 1,381 satellite offices and the corporate office. These offices cover 92% of districts in India, as compared to 79% for the combined private sector. The insurer also boasts of a network of nearly 13.5 lakh agents, as of March 2023.

LIC offers a wide variety of products which fulfil the needs of different customer segments of the society. Its products include insurance plans, pension plans, unit linked plans (ULIPs), micro insurance plans, withdrawn plans and health insurance plans.

During the financial year 2022-23, LIC introduced seven new individual products -- LIC’s Bima Ratna, LIC’s Dhan Sanchay, LIC’s New Pension Plus, LIC’s Dhan Varsha, LIC’s New Tech-Term, LIC’s New Jeevan Amar, LIC’s Jeevan Azad -- and one Group Rider LIC’s Group Accident Benefit Rider.

LIC also has the following subsidiaries and associate companies operating in India:

Subsidiary Companies:

LIC Pension Fund Limited and LIC Cards Services Limited.

Associate Companies:

IDBI Bank Limited, LIC Mutual Fund Trustee Private Ltd, LIC Housing Finance Limited, LIC Mutual Fund Asset Management Limited, IDBI Bank Trusteeship Services Ltd and LICHFL Asset Management Company Limited.

Overseas, LIC directly operates through its branch offices in Fiji (Suva and Lautoka), Mauritius (Port Louis) and the United Kingdom (Watford). Its overseas subsidiaries include Life Insurance Corporation (International) B.s.C. (c), Life Insurance Corporation (Nepal) Limited, Life Insurance Corporation (Lanka) Limited and Life Insurance Corporation (LIC) of Bangladesh Limited. Life Insurance Corporation (Singapore) Pte Limited is LIC’s only foreign wholly owned subsidiary.

Business highlights

LIC’s total income increased over 9% to ₹7,88,053 crore in FY23 from ₹7,21,103 crore in FY22. Profit after tax (PAT) grew 800% to ₹36,397 crore in FY23 from ₹4,043 crore in FY22. Gross non-performing assets decreased by 55.58% from ₹27,087.11 crore in FY22 to ₹12,031.36 crore in FY23. The company retained its market leadership with the market share at 62.58% in terms of first year premium income (FYPI) and 71.76% in terms of number of policies for FY23. During FY23, LIC’s FYPI touched ₹2.32 lakh crore with growth of 16.67% over last financial year (₹1.98 lakh crore). As on March 31, 2023, the Assets Under Management (AUM) of the company increased by 7.65% to ₹43.97 lakh crore. LIC has projected an optimistic outlook for FY24, stating that the value of new business (VNB) margins will grow and improve in the current financial year.

LIC Key indicators

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52 week high

₹1,175.00

52 week low

₹597.35

P/E ratio

16.8

P/B ratio

8.46

ROE

129.56%

ROCE

129.77%

Dividend yield

0.9%

Debt/Equity ratio

EPS

57.55

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

75%

Hold

19%

Sell

6%

This analysis is based on the reviews of 16 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

9.09%

Net profit margin

7.68%

ROE

129.56%

ROA

0.84%

ROCE

129.77%

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LIC Shareholder returns

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1 day

+1.39%

1 week

+6.86%

1 month

+9.74%

3 months

+15.30%

1 year

+76.75%

3 years

+28.39%

5 years

+28.39%

LIC Share Price history

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DayOpenCloseDay’s change
Tue, Jul 23 2024
₹1,130.45
₹1,086.65
-3.30%
Mon, Jul 22 2024
₹1,100.00
₹1,123.70
+1.39%
Fri, Jul 19 2024
₹1,106.00
₹1,108.25
-0.13%
Thu, Jul 18 2024
₹1,109.00
₹1,109.65
+0.11%
Tue, Jul 16 2024
₹1,065.00
₹1,108.45
+4.54%
Mon, Jul 15 2024
₹1,055.00
₹1,060.30
+0.83%
Fri, Jul 12 2024
₹1,065.00
₹1,051.55
-0.55%
Thu, Jul 11 2024
₹1,052.95
₹1,057.35
+0.75%

Shareholding info

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Promoters (96.5%)

Mutual Funds (0.79%)

Retail and other (2.37%)

Foreign institutions-FII (0.19%)

Other domestic institutions (0.15%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹6/share

    Ex date 19 Jul 2024

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  • Dividend • ₹4/share

    Ex date 21 Feb 2024

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  • Dividend • ₹3/share

    Ex date 21 Jul 2023

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  • Dividend • ₹1.5/share

    Ex date 25 Aug 2022

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Frequently asked questions