Life Insurance Corporation of India (NSE: LICI): A bumper boom is being seen in the stock market. The market is at a record high. There is a rise in the Sensex and Nifty. Amid the boom in the stock market, shares of many companies have risen.
The shares of Life Insurance Corporation of India are also experiencing a dramatic rise. The share price of LIC increased by 70 percent in the past year.
Meanwhile, LIC has given an amount of Rs 2,441 crore as a dividend to the Government of India. Finance Minister Nirmala Sitharaman’s office wrote on the social media platform Assigned to the minister.
Shares of LIC had closed at Rs 1029.90 on NSE yesterday i.e. Friday with a rise of 0.69 percent. Even on the last day, there is a rise in the shares.
Investors Got Excellent Returns
Those investing in LIC shares have got excellent returns. The company’s shares have risen by 9.43 percent in the last month.
In the last six months, LIC’s shares have risen by 57.09 percent. LIC shares have risen by 72.12 percent in the last year.
According to market experts, LIC’s strong December quarter results and its strong presence are leading to a rise in the stock. LIC released the results on 8th February.
About Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India (LIC) which is owned by the Government of India, is an insurance company that offers life insurance plans. It was established in 1956.
The firm primarily offers life insurance plans, including pension plans as well as health plans, and group insurance plans.
The company offers endowment plans as well as money-back plans, retirement plans with term guarantees unit plans, special plans group schemes, child plans, as well as medical insurance policies.
It has regional offices located in Mumbai, Kolkata, Chennai, Hyderabad, Delhi, Kanpur, Bhopal, and Patna. LIC provides insurance services in India through agents and associates.
It and its associates operate across Fiji, Mauritius, the UK, the UAE, Kuwait, Qatar, Oman, Nepal, Saudi Arabia, Sri Lanka, and Kenya. LIC is located with its headquarters in Mumbai.
Fundamental Analysis of Life Insurance Corporation of India
| Market Cap | ₹ 6,55,428 Cr. |
| Current Price | ₹ 1,036 |
| 52-wk High | ₹ 1,175 |
| 52-wk Low | ₹ 530 |
| Stock P/E | 16.2 |
| Book Value | ₹ 96.7 |
| Dividend | 0.39 % |
| ROCE | 149 % |
| ROE | 130 % |
| Face Value | ₹ 10.0 |
| P/B Value | 10.7 |
| OPM | 5.49 % |
| EPS | ₹ 63.8 |
| Debt | ₹ 0.00 Cr. |
| Debt to Equity | 0.00 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1080 | ₹ 1200 |
| 2025 | ₹ 1432 | ₹ 1546 |
| 2026 | ₹ 1654 | ₹ 1754 |
| 2027 | ₹ 1800 | ₹ 1900 |
| 2028 | ₹ 1976 | ₹ 2132 |
| 2029 | ₹ 2213 | ₹ 2432 |
| 2030 | ₹ 2565 | ₹ 2765 |
| Promoters Holding | |
| Dec 2022 | 96.50% |
| Mar 2023 | 96.50% |
| June 2023 | 96.50% |
| Sept 2023 | 96.50% |
| Dec 2023 | 96.50% |
| FII Holding | |
| Dec 2022 | 0.17% |
| Mar 2023 | 0.08% |
| June 2023 | 0.08% |
| Sept 2023 | 0.10% |
| Dec 2023 | 0.06% |
| DII Holding | |
| Dec 2022 | 0.91% |
| Mar 2023 | 0.90% |
| June 2023 | 0.83% |
| Sept 2023 | 0.84% |
| Dec 2023 | 1.00% |
| Public Holding | |
| Dec 2022 | 2.42% |
| Mar 2023 | 2.52% |
| June 2023 | 2.58% |
| Sept 2023 | 2.55% |
| Dec 2023 | 2.43% |
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 559,986 Cr |
| 2020 | ₹ 615,920 Cr |
| 2021 | ₹ 681,605 Cr |
| 2022 | ₹ 720,515 Cr |
| 2023 | ₹ 805,044 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,688 Cr |
| 2020 | ₹ 2,713 Cr |
| 2021 | ₹ 2,901 Cr |
| 2022 | ₹ 4,043 Cr |
| 2023 | ₹ 40,341 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 72% |
| 3 Years: | 1 38% |
| Current Year: | 59% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 118% |
| 3 Years: | 108% |
| Last Year: | 130% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Current Year: | 2% |
Conclusion
This article is a complete guide about Life Insurance Corporation of India Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.
