Financials Life Insurance Corporation of India

Equities

LICI

INE0J1Y01017

Life & Health Insurance

Market Closed - NSE India S.E. 07:40:48 2024-05-23 am EDT 5-day change 1st Jan Change
1,031 INR -2.30% Intraday chart for Life Insurance Corporation of India +5.93% +23.87%

Valuation

Fiscal Period: March 2023 2024 2025 2026
Capitalization 1 3,379,763 6,522,338 - -
Enterprise Value (EV) 1 2,924,777 6,067,742 6,026,530 5,981,112
P/E ratio 9.39 x 19.2 x 17.3 x 15.3 x
Yield 0.56% 0.48% 0.57% 0.48%
Capitalization / Revenue 0.43 x 0.76 x 0.69 x 0.64 x
EV / Revenue 0.37 x 0.71 x 0.64 x 0.59 x
EV / EBITDA 7.9 x 22.4 x 20 x 19 x
EV / FCF - - - -
FCF Yield - - - -
Price to Book 7.31 x 8.69 x 6.2 x 4.39 x
Nbr of stocks (in thousands) 6,324,998 6,324,998 - -
Reference price 2 534.4 1,031 1,031 1,031
Announcement Date 5/24/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2022 2023 2024 2025 2026
Net sales 1 - 7,911,044 8,583,501 9,407,705 10,211,640
EBITDA 1 - 370,334 271,087 300,973 314,800
EBIT 1 - 360,809 343,220 384,915 423,821
Operating Margin - 4.56% 4% 4.09% 4.15%
Earnings before Tax (EBT) 1 - 360,809 346,122 385,690 439,063
Net income 1 41,247 359,966 350,606 376,504 429,318
Net margin - 4.55% 4.08% 4% 4.2%
EPS 2 6.520 56.91 53.66 59.47 67.41
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - 3.000 4.950 5.850 4.926
Announcement Date 5/30/22 5/24/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q4
Net sales 988,053 - - 2,009,278 - - - -
EBITDA 29,711 - - - - - - -
EBIT 1 6,312 158,819 83,768 131,909 97,336 76,405 - 59,039
Operating Margin 0.64% - - 6.57% - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - 158,544 83,487 - - 95,870 176,653 -
Net margin - - - - - - - -
EPS - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 8/12/22 11/11/22 2/9/23 5/24/23 8/10/23 - 11/10/23 -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2022 2023 2024 2025 2026
Net Debt 1 - - - - -
Net Cash position 1 - 454,986 454,596 495,808 541,226
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 125% 56.8% 39.8% 31.5%
ROA (Net income/ Total Assets) - 0.83% 0.66% 0.63% 0.6%
Assets 1 - 43,505,736 53,001,714 60,144,465 71,612,715
Book Value Per Share 2 - 73.10 119.0 166.0 235.0
Cash Flow per Share - - - - -
Capex - - - - -
Capex / Sales - - - - -
Announcement Date 5/30/22 5/24/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
1,031 INR
Average target price
1,089 INR
Spread / Average Target
+5.59%
Consensus

Annual profits - Rate of surprise

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