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Life Insurance Corporation of India share Price Today

Company details

995.50
1,013.45
595.05
1,175.00
6M Return 26.59%
1Y Return 67.88%
Mkt Cap.(Cr) 633,954.55
Volume 1,570,380
Div Yield 1.00%
OI
-
OI Chg %
-
Volume 1,570,380

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Life Insurance company Life Insurance Corporation of India announced FY24 results:

  • Profit After Tax at Rs 40,676 crore
  • Bonus to participating policyholders at Rs 52,956 crore
  • Board recommends final dividend of Rs 6/- Per Share, in addition to Rs 4/- interim dividend declared earlier
  • Non-Par APE share within Individual business grows by 943 bps to 18.32%.
  • Non-Par APE increased by 104.94% to Rs 7,041 crore
  • Indian Embedded Value (IEV) increases by 24.92% to Rs 7,27,344 crore
  • AUM increased by 16.48% to Rs 51,21,887 crore
  • Value of New Business (VNB) increased by 4.66% to Rs 9,583 crore.
  • VNB Margin (Net) increased by 60 bps to 16.8%
  • Solvency Ratio increased to 1.98 from 1.87
  • The Board of Directors recommended a final dividend of Rs 6/- per share for the financial year 2023-24 subject to approval of shareholders. Earlier, during the year an interim dividend of Rs 4/- was declared and paid to shareholders of the corporation. Therefore the total of interim and recommended final dividend aggregates to Rs 10/- per share.

Shri Siddhartha Mohanty, Chairperson, LIC said – “During the last year we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of Non-par business within our Individual business. Now we intend to focus our strategic interventions to maximize our market share across categories. At the same time, our sharp focus on various parameters which create superior value for all stakeholders shall continue, as demonstrated. There are key initiatives related to distribution channel and digital transformation underway. We are confident that our employees, agents and our channel partners are fully committed to achieving these objectives. We look forward to this current year as the one in which our topline growth trajectory will be back in focus.”

Result PDF

View Other Company Results

Life Insurance Corporation of India shares SWOT Analysis

Strengths (9)

  • Strong QoQ EPS Growth in recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Low Piotroski Score : Companies with weak financials
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 1,012.0
R2 1,021.7
R3 1,030.0
Pivot

1,003.75

S1 994.1
S2 985.8
S3 976.1
EMA SMA
992.7
980.8
946.4
871.1
1,002.9
981.9
981.3
837.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-04-23 974.6 141807 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Sell 2024-04-23 974.6 141807 NSE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 907.2 66507 NSE
Name Category Shares
PRESIDENT OF INDIA PROMOTER 96.5%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Life Insurance Corporation of India Stocks COMPARISON

Financials( in Cr) Life Insurance Corporation of India SBI Life Insurance Company Ltd HDFC Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd ICICI Lombard General Insurance Company Ltd
Price 1,002.30 1,449.90 593.50 596.15 1,662.70
% Change 0.39 -0.19 3.63 2.83 0.47
Mcap Cr 633,954.55 145,202.41 127,658.53 85,882.32 81,918.74
Revenue TTM Cr 784,627.64 80,635.64 70,207.08 89,683.04 20,487.37
Net Profit TTM Cr 35,996.65 1,720.57 1,368.28 850.66 1,918.59
PE TTM 15.49 76.50 81.09 101.03 42.68
1 Year Return 67.88 17.03 1.56 18.42 37.12
ROCE 0.95 0.66 0.62 0.38 21.90
ROE 124.84 14.14 9.60 8.34 17.17
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 46,232.87 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79
Life Insurance Corporation Of India - Updates

Jun 13, 2024 l NSE Announcement

Life Insurance Corporation Of India - Updates

Jun 07, 2024 l NSE Announcement

Date Action Type Ratio
Jul 19, 2024 Dividend 60
Feb 21, 2024 Dividend 40
Jul 21, 2023 Dividend 30

Life Insurance Corporation of India Information

Stock PE (TTM)
15.49
Promoter Holding
96.5%
Book Value
130.822
ROCE
0.95%
ROE
124.84%
Description
  •  

    Life Insurance Corporation of India was established on September 01, 1956 under the Life Insurance Corporation Act, 1956. The Corporation obtained Certificate of Registration, to undertake the business of life insurance by a Certificate dated September 20, 1956 issued by the Controller of Insurance in accordance with the provisions of the Insurance Act. The Corporation obtained the Certificate of Registration from the IRDAI to undertake life insurance business on January 1, 2001 which was renewed on an annual basis under Section 3A of the Insurance Act. Further, pursuant to amendment to Section 3A of the Insurance Act with effect from December 2014, the process of annual renewal of Certificate of Registration was discontinued. The Corporation is governed by provisions of the governing Act; it is also registered with the Insurance Regulatory and Development Authority of India (IRDAI) and is subject to such provisions of Insurance Regulatory and Development Authority (IRDA) Act, 1999 as amended, and regulations that are not inconsistent with the Act.

    LIC is engaged in the business of Life Insurance in and outside India. The Corporation`s life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health and micro insurance. The company is providing insurance services like various insurance plans, pension plans, unit linked plans, micro insurance plans, withdrawal plan and health plan.

    The market share of the company in policy segment is 71.76% with a total of 204.65 lakhs policies being distributed.  The total income of LIC in FY 2022-2023 was Rs. 7,88,043.28 crores, total premium income was Rs. 4,74,004.61 crores and a total asset value of Rs. 45,50,571 crores.

    The history of LIC share price is:

    1-Year Change in LIC Share Price

    71.15%

    1-Year High of LIC Share Price

    Rs. 1105.25

    1-Year Low of LIC Share Price

    Rs. 531.85

    5-Year Change in LIC Share Price

    11.24%

    5-Year High of LIC Share Price

    Rs. 1105.25

    5-Year Low of LIC Share Price

    Rs. 531.85

     

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543526
NSE Code : LICI
Book Closure Date (Month) :
BSE Group : A
ISIN : INE0J1Y01017

FAQ’s on Life Insurance Corporation of India Shares

You can buy Life Insurance Corporation of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Life Insurance Corporation of India Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:59 PM the closing price of Life Insurance Corporation of India was Rs.1,002.30.

The latest PE ratio of Life Insurance Corporation of India as of Jun 13, 2024 03:59 PM is 15.49

The latest PB ratio of Life Insurance Corporation of India as of Jun 13, 2024 03:59 PM is 0.13

The 52-week high of Life Insurance Corporation of India share price is Rs. 1,175.00 while the 52-week low is Rs. 595.05

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 Jun 13, 2024 03:59 PM, the market cap of Life Insurance Corporation of India stood at Rs. 633,954.55.

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