Life Insurance Corp

₹569.1 -3.8 | 0.7%

WEBSITE BSE:543526 NSE : LICI 23 Mar, 16:01

Market Cap ₹359924 Cr.

Stock P/E 13.2

P/B 10.5

Current Price ₹569.1

Book Value ₹ 54.1

Face Value 10

52W High ₹919

Dividend Yield 0.26%

52W Low ₹ 566

Edit Ratio

Life Insurance Corp Research see more...

Equity Research Report - Life Insurance Corporation of India Limited

LICI: FY22 fair valuation around 520 but may scale 1075 by FY: 23-24

Overview Inc. Year: 1956Industry: Insurance

Life Insurance Corporation of India offers life insurance products in India, Fiji, Mauritius, and the UK. It provides individual projects, which includes collaborating coverage products; and non-participating products comprising savings coverage, term coverage, health insurance, annuity and pension, and unit-linked insurance merchandise; special merchandise for women and children, micro coverage merchandise; and riders, an add-on covers to the base policy to facilitate additional advantages linked to the accident, vital infection, and demise and premium waiver advantage. The organization additionally provides group products, including group term coverage, group savings coverage, group savings pension, and group annuity products. Life Insurance Corporation of India was established in 1956 and is primarily based in Mumbai, India.

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Life Insurance Corp Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	144159	98805	132632	112297
Other Income	68185	70985	90506	85688
Total Income	212344	169791	223138	197985
Total Expenditure	211937	168369	202373	193046
Operating Profit	408	1421	20765	4939
Interest	0	0	0	0
Depreciation	0	0	0	0
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	408	1421	20765	4939
Provision for Tax	-31	1481	5452	-2458
Profit After Tax	438	-60	15313	7397
Adjustments	1971	662	542	952
Profit After Adjustments	2409	603	15854	8349
Adjusted Earnings Per Share	3.8	1	25.1	13.2

Life Insurance Corp Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	339972	382476	405398	429501	487893
Other Income	230838	263130	298281	294925	315364
Total Income	570810	645605	703679	724425	803258
Total Expenditure	567669	644929	689936	706534	775725
Operating Profit	3141	677	13743	17891	27533
Interest	41	58	114	87	0
Depreciation	429	779	417	436	0
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	2642	2719	2983	4165	27533
Provision for Tax	15	8	9	40	4444
Profit After Tax	2627	2710	2974	4125	23088
Adjustments	0	0	0	0	4127
Profit After Adjustments	2627	2710	2974	4125	27215
Adjusted Earnings Per Share	4.2	4.3	4.7	6.5	43.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	6%	8%	0%	0%
Operating Profit CAGR	30%	79%	0%	0%
PAT CAGR	39%	16%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	45%	127%	162%	162%
ROCE Average	46%	16%	12%	12%

Life Insurance Corp Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	986	1088	6905	11366
Minority's Interest	0	0	0	0
Borrowings	269401	253414	4	1
Other Non-Current Liabilities	3116583	3180303	3754444	4186117
Total Current Liabilities	40282	65032	68171	56574
Total Liabilities	3427252	3499837	3829524	4254059
Fixed Assets	13857	13838	3326	3372
Other Non-Current Assets	3162214	3228647	3640754	4051843
Total Current Assets	251181	257352	185444	198844
Total Assets	3427252	3499837	3829524	4254059

Life Insurance Corp Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	58695	67906	63194	36118
Cash Flow from Operating Activities	13274	54367	80602	-3783
Cash Flow from Investing Activities	8765	-41809	148792	12099
Cash Flow from Financing Activities	-13700	-18664	-256125	0
Net Cash Inflow / Outflow	8339	-6106	-26731	8316
Closing Cash & Cash Equivalent	67906	63194	36118	44866

Life Insurance Corp Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	4.15	4.29	4.7	6.52
CEPS(Rs)	4.15	4.29	4.7	6.52
DPS(Rs)	4.2	4.3	0	1.5
Book NAV/Share(Rs)	1.56	1.72	10.91	17.97
Core EBITDA Margin(%)	-66.98	-68.62	-70.19	-64.5
EBIT Margin(%)	0.78	0.71	0.74	0.97
Pre Tax Margin(%)	0.78	0.71	0.74	0.97
PAT Margin (%)	0.77	0.71	0.73	0.96
Cash Profit Margin (%)	0.77	0.71	0.73	0.96
ROA(%)	0.08	0.08	0.08	0.1
ROE(%)	266.49	261.64	74.46	45.16
ROCE(%)	0.98	1.04	2.28	45.59
Receivable days	0	0	0	0
Inventory Days	0	0	0	0
Payable days	0	0	0	0
PER(x)	0	0	0	0
Price/Book(x)	0	0	0	0
Dividend Yield(%)	0	0	0	0
EV/Net Sales(x)	-0.2	-0.16	-0.09	-0.09
EV/Core EBITDA(x)	-21.59	-93.19	-2.62	-2.15
Net Sales Growth(%)	0	12.5	5.99	5.95
EBIT Growth(%)	0	2.88	9.72	39.62
PAT Growth(%)	0	3.16	9.73	38.69
EPS Growth(%)	0	3.16	9.73	38.69
Debt/Equity(x)	0	0	0	0
Current Ratio(x)	4.12	3	2.23	2.78
Quick Ratio(x)	4.12	3	2.23	2.78
Interest Cover(x)	0	0	0	0
Total Debt/Mcap(x)	0	0	0	0