Life Insurance Corporation of India logo

Life Insurance Corporation of India

LICI NSE

Key Fundamentals

LargecapLife InsuranceInsurance
Market Cap
5.2L Cr
Volatility
Moderate
P/E Ratio
8.71
EBITDA
₹55,563 Cr
Return on Equity
32.48%
Debt to Equity
0
Book Value
₹140.36
EPS
₹66.13
52W High
₹468.48
52W Low
₹360.75

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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34 extracted metrics + investor summaries across FY19–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.6%

Weaknesses

1
  • The company has delivered a poor sales growth of 7.19% over past five years.

Growth Rate

Revenue Growth
10.23% ↗
Net Income Growth
18.90% ↗
Cash Flow Change
-169.65% ↘
ROE
-14.30% ↗
ROCE
12.64% ↗
EBITDA Margin (Avg.)
-15.13% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2h ago
AI opinion · based on fundamentals
Risk medium

Life Insurance Corporation of India trades at a PE of 8.7x with a market cap of ₹5.18 lakh crore, showing strong profitability growth of 23% TTM but modest revenue growth of 7% over five years. The company demonstrates a high 3-year ROE of 45.6% while its stock has delivered a negative 7% return over the past year.

Bull Case 8
  • Exceptionally high 3-year average ROE of 45.6%, indicating strong capital efficiency for a life insurer of this scale
  • Compounded profit growth of 23% TTM and 17% over 3 years demonstrates accelerating earnings momentum
  • PE ratio of 8.7x is significantly below the broader market average and many private life insurance peers trading at 50-80x, suggesting undemanding valuations
  • Market cap of ₹5.18 lakh crore reflects dominant market positioning as India's largest life insurer with unmatched distribution reach across 2,000+ branch offices
  • Dividend yield of 2.43% provides meaningful income return, relatively attractive compared to most large-cap Indian equities
  • 5-year compounded profit CAGR of 81% shows a structural shift in profitability from historically low base levels
  • TTM sales growth of 10% shows improvement over the 5-year CAGR of 7%, indicating potential revenue acceleration
  • Price-to-book of 2.93x is modest for a franchise with 65%+ market share in India's underpenetrated life insurance market
Bear Case 8
  • Stock has declined 7% over the past 1 year, underperforming the broader Indian market which delivered positive returns in the same period
  • 5-year compounded sales growth of only 7.19% is weak for a company in a structurally growing insurance market, suggesting market share erosion to private players
  • ROE has declined from 52% (5-year average) to 38% last year, indicating a deteriorating trend in return on equity
  • 52-week high and low data unavailable, limiting visibility on recent price volatility and trading range
  • As a government-owned entity with 96.5% government holding post-IPO, corporate governance and capital allocation priorities may not always align with minority shareholders
  • 3-year stock CAGR of only 8% lags the broader Nifty returns significantly, reflecting persistent market skepticism on growth sustainability
  • Debt-to-equity and EPS data unavailable, making comprehensive financial health assessment difficult for investors
  • Insurance sector faces increasing competition from private insurers growing premiums at 15-20% annually versus LIC's 7-10%, threatening long-term dominance

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • ₹10.9 Cr GST demand, penalty Jul 30

    LIC received a GST demand order for FY22-23 citing premature ITC availment. Total liability includes ₹99.10 Cr tax and ₹9.91 Cr penalty.

Positives 3
  • Q1FY27 VoNB surges 61% Aug 6

    LIC reported 61.32% YoY jump in Value of New Business to ₹3,136 crore for Q1FY27, driven by strong Individual Non-Par growth and margin expansion. IEV rose to ₹7,89,185 crore.

  • Q1FY27 PAT up 23% Aug 6

    Net profit rose 22.81% YoY to ₹13,492 crore in Q1FY27, reflecting strong operational momentum across key metrics.

  • ₹10 dividend declared at AGM Jul 27

    Shareholders approved ₹10 per share dividend and appointed Sanjay Lohiya as Government Nominee Director at the 5th AGM on July 27, 2026.

Neutral 8
  • Govt sells 6.5% via OFS Aug 11

    Government sold 6.5% stake via OFS on Aug 4-5 for ₹31,552 crore, reducing promoter holding to 90%. Full oversubscription option exercised with strong demand.

  • No further OFS for 3-4 years Aug 4

    Government assured investors no further LIC OFS for 3-4 years after meeting 50+ global and domestic funds. A LIC executive separately confirmed no stake sale expected for 1-2 years.

  • Multiple block trades on NSE Aug 10

    Several institutional block trades executed between Aug 6-10 totalling over ₹200 crore at prices ranging from ₹389-₹436 per share, indicating active institutional participation.

  • New Bima Jyoti plan launched Aug 7

    LIC introduced New Bima Jyoti, a non-linked individual savings plan for the domestic market, effective August 10, 2026.

  • Minimal distribution reform impact Aug 6

    Senior LIC executive stated upcoming distribution reform rules will have minimal impact on LIC's established agent-driven model. No specific timelines provided.

  • New CRO and CFO appointed Jul 28

    LIC appointed Varadarajan Muthuvenkataraman as CRO and Shatmanyu Shrivastava as CFO effective July 28, 2026. Two independent directors ceased office on same date.

  • Investor meet at Motilal AGIC Aug 13

    LIC held group and one-on-one meetings with investors on Aug 13 and will participate in Motilal Oswal's 22nd AGIC on Aug 17 at Grand Hyatt Mumbai. No UPSI disclosed.

  • Block trade ₹97 Cr at ₹436 Jul 17

    LIC recorded a ₹97.28 crore block trade on NSE involving ~22.29 lakh shares at ₹436.45 per share, indicating large institutional activity.

TL;DR: LIC delivered a standout Q1FY27 with PAT up 23% and VoNB surging 61%, signaling strong margin expansion and product mix improvement. The successful ₹31,552 crore OFS with government assurance of no further dilution for 3-4 years removes a key overhang. The only notable risk is a ₹10.9 Cr GST demand which is immaterial relative to LIC's scale. The trend is decisively improving with strong fundamentals, active institutional interest, and clarity on ownership stability.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,90,163
2,03,033
2,14,054
2,38,717
2,11,952
2,31,132
2,03,751
2,43,134
2,24,671
2,41,524
2,35,954
2,76,744
2,39,866
Expenses
1,80,169
1,94,558
2,04,815
2,37,152
2,02,180
2,24,544
1,91,818
2,21,621
2,14,198
2,32,032
2,23,588
2,65,521
2,25,854
Operating Profit
9,994
8,475
9,239
1,564
9,773
6,588
11,934
21,514
10,474
9,492
12,366
11,222
14,012
OPM %
5%
4.2%
4.3%
0.7%
4.6%
2.9%
6%
9%
4.7%
3.9%
5%
4.1%
6%
Other Income
117
288
206
14,249
1,001
794
818
954
780
1,044
822
3,166
1,301
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
10,111
8,763
9,445
15,813
10,774
7,382
12,752
22,468
11,253
10,537
13,188
14,388
15,312
Tax %
14%
13%
15%
12%
15%
16%
14%
15%
15%
14%
15%
-63%
11%
Net Profit
9,634
8,032
9,434
13,842
10,527
7,723
11,009
19,039
10,955
10,096
12,908
23,467
13,584
EPS in Rs
7.62
6.35
7.49
10.94
8.34
6.11
8.7
15.05
8.66
7.98
10.22
18.55
10.74
Figures in ₹ Crores

Profit & Loss

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
5,71,508
6,28,043
6,90,914
7,23,606
7,84,628
8,45,966
8,89,970
9,77,772
9,94,088
Expenses
5,65,587
6,34,989
6,91,166
7,20,280
7,50,498
8,13,316
8,36,692
9,29,011
9,46,996
Operating Profit
5,920
-6,947
-252
3,326
34,130
32,651
53,278
48,761
47,092
OPM %
1%
-1.1%
0%
0.5%
4.3%
3.9%
6%
5%
4.7%
Other Income
2,615
20,870
12,820
9,248
7,800
14,829
3,495
5,421
6,333
Interest
0
0
0
0
0
0
0
0
0
Depreciation
336
379
417
436
466
466
506
707
0
PBT
8,199
13,544
12,151
12,138
41,463
47,014
56,267
53,475
53,425
Tax %
68%
80%
76%
66%
13%
13%
14%
-7%
—
Net Profit
2,627
2,710
2,974
4,125
35,997
40,916
48,320
57,453
60,055
EPS in Rs
—
—
—
3.26
28.46
32.34
38.2
45.42
47.49
Div. Payout %
2%
2%
0%
23%
5%
15%
16%
11%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
100
100
100
6,325
6,325
6,325
6,325
6,325
Reserves
710
902
6,784
5,012
39,908
76,422
1,20,901
1,70,280
Borrowings
2,69,401
2,53,414
4
1
0
0
0
0
Other Liabilities
31,57,039
32,45,419
38,22,637
42,42,719
45,32,258
52,33,300
55,33,342
57,71,951
Total Liabilities
34,27,249
34,99,834
38,29,524
42,54,058
45,78,491
53,16,047
56,60,568
59,48,556
Fixed Assets
25,194
28,216
17,723
17,770
20,473
20,667
21,330
28,335
CWIP
710
734
148
199
331
403
326
419
Investments
29,00,287
29,76,100
35,17,445
39,26,211
42,43,008
49,76,133
52,98,429
55,56,359
Other Assets
5,01,059
4,94,784
2,94,208
3,09,878
3,14,678
3,18,844
3,40,483
3,63,444
Total Assets
34,27,249
34,99,834
38,29,524
42,54,058
45,78,491
53,16,047
56,60,568
59,48,556
Figures in ₹ Crores

Cash Flow

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
13,274
54,367
80,602
-3,783
54,519
26,548
-9,721
-26,211
Investing
9,636
-40,415
1,48,447
12,531
-52,848
-25,695
41,408
36,693
Financing
-13,700
-18,664
-2,56,125
0
-949
-4,427
-3,794
-7,626
Net Cash Flow
9,210
-4,712
-27,077
8,748
722
-3,574
27,893
2,856
Free Cash Flow
11,281
53,447
86,765
-3,879
53,976
25,835
-10,435
-27,181
CFO/OP
500
-908
-27,549
108
143
64
-19
-42
Figures in ₹ Crores

Ratios

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
0
0
0
Cash Conversion Cycle
0
0
0
0
0
0
0
0
Working Capital Days
78
63
35
42
43
39
38
45
ROCE %
—
5%
9%
131%
143%
73%
53%
35%

Shareholding Pattern

As of Jun 2026
Promoters 96.50%
Public 1.72%
DIIs 0.99%
FIIs 0.44%
Others 0.35%
Total 100.00%
  Feb 2022May 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
100.00%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
96.50%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.08%
0.10%
0.06%
0.14%
0.19%
0.15%
0.07%
0.10%
0.11%
0.12%
0.20%
0.31%
0.44%
DIIs
0.00%
1.00%
0.87%
0.91%
0.92%
0.90%
0.83%
0.85%
1.00%
0.86%
0.94%
1.17%
1.27%
1.28%
1.37%
1.36%
1.34%
1.28%
0.99%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
1.72%
1.95%
2.00%
2.01%
2.14%
2.17%
2.11%
1.97%
2.03%
1.93%
1.80%
1.81%
1.79%
1.68%
1.66%
1.63%
1.58%
1.72%
Others
0.00%
0.78%
0.68%
0.59%
0.58%
0.47%
0.41%
0.45%
0.46%
0.46%
0.44%
0.38%
0.35%
0.34%
0.34%
0.36%
0.33%
0.33%
0.35%
No. of Shareholders
0
1
40,07,530
37,89,050
36,03,680
33,78,800
32,81,540
31,34,540
29,36,740
27,16,180
25,63,690
23,98,130
23,75,400
23,71,840
22,77,180
22,27,970
21,55,420
21,11,770
21,51,420

Documents

Frequently Asked Questions about Life Insurance Corporation of India

What does Life Insurance Corporation of India do?
Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, ter...
Where is Life Insurance Corporation of India (LICI) listed?
Life Insurance Corporation of India is listed on the Indian stock exchanges. It is listed on NSE: LICI and BSE: 543526. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Life Insurance Corporation of India belong to?
Life Insurance Corporation of India operates in the Insurance sector within the Life Insurance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Life Insurance Corporation of India?
Life Insurance Corporation of India has a market capitalisation of approximately ₹518017.31 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Life Insurance Corporation of India?
The Price-to-Earnings (PE) ratio of Life Insurance Corporation of India is 8.71. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Life Insurance Corporation of India?
Over the past 52 weeks, Life Insurance Corporation of India has traded between a low of ₹360.75 and a high of ₹468.48. This range helps investors understand the stock's price volatility and recent trading levels.
Does Life Insurance Corporation of India pay dividends?
Yes, Life Insurance Corporation of India has a dividend yield of 2.43%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Life Insurance Corporation of India?
Life Insurance Corporation of India has a Return on Equity (ROE) of 32.48%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Life Insurance Corporation of India on Tapetide?
On Tapetide, you can view Life Insurance Corporation of India's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.[1]

Website licindia.in
Listed 2022-05-17
Face Value ₹ 10
Issued Size 6,32,49,97,701

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