The New India Assurance Company Ltd. share price target and research reports

Name: Latest research reports of The New India Assurance Company Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: The New India Assurance Company Ltd.
Rating: 1
Author: HDFC Securities

Latest analyst research reports with target prices and PDF download for NIACL, BSE:540769 The New India Assurance Company Ltd.

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The New India Assurance Company Ltd.

28 Jun 2024

187.89

-3.45%

The Beat

Strategy Note: The New India Assurance Co...

Prabhudas Lilladhar

The New India Assurance Company Ltd. is trading below its 30 day SMA of 193.8

The New India Assurance Company Ltd.

21 May 2020

187.89

-3.45%

General Insurance: Apr-20: GDPI continues to decline due to Lockdown

Sell: The New India Assurance Co...

Target

HDFC Securities

With a long run-way of growth, improving regulatory environment, and strong innovation opportunities, we remain positive on the general insurance sector. Regulatory crack-down on motor TP pricing is key risk. Pvt. multi-line insurers Apr-20 GDPI declined 16.2% YoY to Rs 67.2bn. Decline in Apr-20 was along expected lines as new policy sales have fallen as a result of the nation-wide lockdown, and renewals have been impacted by the forbearance (until 21-May-20) given by IRDAI on premium payments, and extra time (until June-20) allowed for claiming deduction under the IT Act, for the purchase of health cover.

The New India Assurance Company Ltd.'s price crossed below 50Day SMA today

The New India Assurance Company Ltd.

10 Feb 2020

187.89

-3.45%

New India Assurance (3QFY20): CORs improve but core RoEs remain weak. Maintain SELL

Sell: The New India Assurance Co...

Target

HDFC Securities

NIACL is India's largest insurer but continues to make high underwriting losses (9MFY20 COR: 115.8%). We also note company's competitive positioning is only weakening and thus we remain concerned of company's ability of write high quality (profitable) business in the near future. We estimate an FY22E adj. RoE of just 7.1%, and can at best assign a valuation of just 0.65x Dec-21E ABV (less 5% discount for expected 10.4% supply). We rate NIACL a SELL with a higher TP of Rs 130. Driven by a 1,230bps improvement in claims ratio, NIACL reported a better than expected adj. COR of 115.7% (-1,150bps YoY). NEP grew 11.7/4.9% YoY/QoQ to Rs 61.8bn. High investment income (Rs 22.3bn, +65.1% YoY) and low tax rate (17.3%) ensured a high APAT of Rs 10.7bn (vs. -1.1bn in 3QFY19). Post tax one-offs on account of provisioning for gratuity and pension dented profits by Rs 5.8bn to an RPAT of Rs 4.9bn. We retain a SELL with a higher TP of Rs 130.

The New India Assurance Company Ltd.'s price crossed below 50Day SMA today

The New India Assurance Company Ltd.

17 Nov 2019

187.89

-3.45%

New India Assurance (2QFY20): Investment profits cover underwriting losses. Downgrade to SELL

Sell: The New India Assurance Co...

HDFC Securities

NIA is India's largest insurer but continues to make high underwriting losses (1H COR: 116.4%). We also note company's competitive positioning is only weakening and thus we remain concerned of company's ability of write high quality (profitable) business in the near future. We estimate an FY22E adj. RoE of just 7.2%, and can at best assign a valuation of just 0.6x Sep-21E ABV (less 10% discount for expected 10.4% supply). Given recent run up in price, we downgrade the stock to SELL with an unchanged TP of Rs 116. While NIA reported a better than expected COR of 118.3% (-610bps YoY), high NEP meant large underwriting losses of Rs 11.0bn (+9.4% YoY). Investment income (Rs 17.1bn, 11.6% yield) and low tax rate (12.2%) ensured a high PAT of Rs 5.6bn (+59.8/99.2% YoY/QoQ). We note improvement in core ICRs but our estimates already build the same and hence remain unchanged.

The New India Assurance Company Ltd.'s price crossed below 50Day SMA today

The New India Assurance Company Ltd.

13 Nov 2018

187.89

-3.45%

New India Assurance Company Ltd Q2FY19 results Comment

Results Update: The New India Assurance Co...

HDFC Securities

New India Assurance Company Ltd Q2FY19 results Comment Revenue increased by 0.83% to Rs. 5207.76 Cr in Q2FY19 when compared to the previous quarter. Also, it increased by 10.88% when compared with Q2FY18.

The New India Assurance Company Ltd.'s price crossed below 30Day SMA today

The New India Assurance Company Ltd.

31 Jul 2018

187.89

-3.45%

New India Assurance Company Ltd Q1FY19 results Comment

Results Update: The New India Assurance Co...

HDFC Securities

Revenue decreased by 0.97% to Rs. 5164.89 Cr in Q1FY19 when compared to the previous quarter. New India Assurance Company Ltd Q1FY19 results Comment

The New India Assurance Company Ltd.'s price crossed below 50Day SMA today

The New India Assurance Company Ltd.

22 Nov 2017

187.89

-3.45%

THE NEW INDIA ASSURANCE COMPANY LIMITED

IPO Note: The New India Assurance Co...

Geojit Research

The New India Assurance Company Ltd (NIA) is the largest general insurer in India in-terms of net worth, domestic gross direct premium, PAT and number of branches as on FY17 and maintaining a market share of above 15% over the last 5 Years. NIA offers a comprehensive and well diversified range of insurance products including motor, fire, crop, and other insurance products through its multiple distribution channels. The company has wide distribution network across India with 68,389 individual agents, 16 corporate agents and 2,452 offices....

The New India Assurance Company Ltd. is trading below its 30 day SMA of 193.8

The New India Assurance Company Ltd.

01 Nov 2017

187.89

-3.45%

NOTE ON IPO- NEW INDIA ASSURANCE CO LTD

IPO Note: The New India Assurance Co...

Chola Wealth Direct

Background: New India Assurance Ltd (NIA) is a general insurance company, incorporated in 1919. As of 1QFY18, their operations are spread across 29 States and 7 Union Territories in India through 2452 offices and across 28 other countries globally through a number of international branches, agency offices, subsidiaries(3) and associate companies(2) including a desk at Lloyd's, London. Their distribution network in India includes 68,389 individual agents and 16 corporate agents, bancassurance arrangements with 25 banks in India, and a large number of OEM and automotive dealer arrangements through their agent and broker network. Its revenue flows from well diversified product range across fire, marine, motor, crop, health and other insurance segments, with ~230 customized products (1QFY18), including various industry specific products. In FY17, NIA had acquired largest market share of 15% of gross...

The New India Assurance Company Ltd. is trading below its 30 day SMA of 193.8

The New India Assurance Company Ltd.

01 Nov 2017

187.89

-3.45%

IPO Note:The New India Assurance Company Ltd. (NIA) - 01 November 2017

IPO Note: The New India Assurance Co...

Way2Wealth

The New India Assurance Company Ltd. (NIA) is the largest general insurance company in India in terms of Net Worth, Domestic gross direct premium, profit after tax and number of branches for the FY17. In FY17, it had the highest market share of gross direct premium among general insurers in India. NIA's gross direct premium from fire, engineering, aviation, liability, marine, motor and health insurance represented a market share of 19.1%, 21.9%, 29.6%, 18.2%,...

The New India Assurance Company Ltd.'s price crossed below 50Day SMA today

The New India Assurance Company Ltd.

31 Oct 2017

187.89

-3.45%

IPO Note - The New India Assurance Company Ltd IPO

IPO Note: The New India Assurance Co...

HDFC Securities

Issue Open: November 01 - November 03 2017 Issue Open: November 01 - November 03 2017, Price Band: Rs. 770 - 800 ( A discount of Rs 30 is offered to investors in retail Category and to the Eligible Employees) Issue Size: 120,000,000 Equity Shares (Fresh Issue of 24,000,000 eq sh + Offer for sale of 96,000,000 eq sh), Offer Size: Rs.9240 - 9600 crs

The New India Assurance Company Ltd. is trading above its 200 day SMA of 180.9

Is The New India Assurance Company Ltd. worth buying?

263 Votes:

Buy 75.67%

Sell 12.93%

Hold 11.41%