LICI

Life Insurance Corporation Of India (Lic) Share Price Life Insurance Corporation of India (LIC)

₹886.6
-17.8 (-1.97%)
19 March, 2024 14:49 BSE: 543526 NSE: LICIISIN: INE0J1Y01017

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Life Insurance Corporation Of India (Lic) Performance

Day Range

  • Low 881
  • High 919
₹ 886

52 Week Range

  • Low 530
  • High 1,175
₹ 886
  • Open Price905
  • Previous Close904
  • Volume3567264

Life Insurance Corporation Of India (Lic) Share Price

  • Over 1 Month -15.08%
  • Over 3 Month 10.15%
  • Over 6 Month 33.04%
  • Over 1 Year 52.27%

Life Insurance Corporation Of India (Lic) Key Statistics

P/E Ratio 13.9
PEG Ratio 0.2
Market Cap Cr 560,774
Price to Book Ratio 12.1
EPS 57.5
Dividend 0.8
Relative Strength Index 36.53
Money Flow Index 27.9
MACD Signal 3.79
Average True Range 42.63
Life Insurance Corporation of India (LIC) Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 117,017107,39798,363131,761
Operating Expenses Qtr Cr 202,718193,084183,827204,427
Operating Profit Qtr Cr 10,7009,1258,0426,979
Depreciation Qtr Cr 0000
Interest Qtr Cr 0000
Tax Qtr Cr 1,3831,1651,399947
Net Profit Qtr Cr 9,4447,9259,54413,428
IndicatorMar 2023
Total Revenue Annual Cr 789,203
Operating Expenses Annual Cr 745,150
Operating Profit Annual in Cr 36,392
Depreciation Cr 465
Interest Annual Cr 76
Tax Annual Cr 5,302
Net Profit Annual Cr 36,397
IndicatorMar 2023
Cash from Operating Activity Annual Cr 59,718
Cash from Investing Activity Annual Cr -58,196
Cash from Financing Annual Activity Cr -949
Net Cash Flow Annual Cr 573
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 45,669
Fixed Assets Annual Cr 3,820
Total Non Current Assets Annual Cr 4,364,233
Total Current Assets Annual Cr 186,279
Total Assets Annual Cr 4,550,512
IndicatorMar 2023
Book Value Per Share Annual Rs 72
ROE Annual % 80
ROCE Annual % 1
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 6
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 117,432107,87798,755132,223
Operating Expenses Qtr Cr 203,342193,145184,876206,817
Operating Profit Qtr Cr 10,7518,9127,2064,756
Depreciation Qtr Cr 0000
Interest Qtr Cr 0000
Tax Qtr Cr 1,4241,0841,461991
Net Profit Qtr Cr 9,4698,0309,63513,191
IndicatorMar 2023
Total Revenue Annual Cr 792,427
Operating Expenses Annual Cr 748,688
Operating Profit Annual in Cr 35,939
Depreciation Cr 466
Interest Annual Cr 77
Tax Annual Cr 5,466
Net Profit Annual Cr 35,997
IndicatorMar 2023
Cash from Operating Activity Annual Cr 54,519
Cash from Investing Activity Annual Cr -54,472
Cash from Financing Annual Activity Cr -949
Net Cash Flow Annual Cr -902
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 46,233
Fixed Assets Annual Cr 3,837
Total Non Current Assets Annual Cr 4,380,818
Total Current Assets Annual Cr 197,673
Total Assets Annual Cr 4,578,491
IndicatorMar 2023
Book Value Per Share Annual Rs 73
ROE Annual % 78
ROCE Annual % 1
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 6

Life Insurance Corporation Of India (Lic) Technicals

EMA & SMA

Current Price
₹886.6
-17.8 (-1.97%)
pointer
  • Bullish Moving Average
  • ___
  • 5
  • Bearish Moving Average
  • ___
  • 11
  • 20 Day
  • ₹986.97
  • 50 Day
  • ₹956.36
  • 100 Day
  • ₹877.63
  • 200 Day
  • ₹789.71
  • 20 Day
  • ₹1,009.24
  • 50 Day
  • ₹971.85
  • 100 Day
  • ₹838.69
  • 200 Day
  • ₹737.51

Life Insurance Corporation Of India (Lic) Resistance and Support

PIVOT
₹913.47
Resistance
First Resistance 924.93
Second Resistance 945.47
Third Resistance 956.93
RSI 36.53
MFI 27.90
MACD Single Line 3.79
MACD -14.60
Support
First Resistance 892.93
Second Resistance 881.47
Third Resistance 860.93

Life Insurance Corporation Of India (Lic) Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 3,917,576 145,342,070 37.1
Week 4,559,026 164,261,692 36.03
1 Month 3,642,640 129,787,256 35.63
6 Month 4,198,836 150,612,256 35.87

Life Insurance Corporation Of India (Lic) Result Highlights

Life Insurance Corporation of India (LIC) Synopsis

NSE-Insurance-Diversified

Life Insurance Corporation of India is a Public Limited Unlisted company incorporated on 01/09/1956 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Life Insurance Business.
Market Cap 572,033
Sales 805,044
Shares in Float 25.30
No of funds 107
Yield 0.77
Book Value 12.53
U/D Vol ratio 1.4
LTDebt / Equity
Alpha 0.02
Beta 1.34

Life Insurance Corporation of India (LIC)

Owner NameDec-23Sep-23Jun-23Mar-23
Promoters 96.5%96.5%96.5%96.5%
Mutual Funds 0.79%0.59%0.57%0.63%
Insurance Companies 0.06%0.06%0.07%0.08%
Foreign Portfolio Investors 0.06%0.1%0.08%0.08%
Financial Institutions/ Banks 0.12%
Individual Investors 1.97%2.11%2.17%2.14%
Others 0.62%0.64%0.49%0.57%

Life Insurance Corporation of India (LIC) Management

Name Designation
Mr. Siddhartha Mohanty Chairman & Wholetime Director
Mrs. Mini Ipe Managing Director
Mr. M Jagannath Managing Director
Mr. Tablesh Pandey Managing Director
Mr. Sat Pal Bhanoo Managing Director
Mr. M P Vijay Kumar Independent Director
Mr. Sanjeev Nautiyal Independent Director
Mr. Vinod Kumar Verma Independent Director
Dr. Ranjan Sharma Independent Director
Dr. V S Parthasarthy Independent Director
Prof. Anil Kumar Independent Director
Mrs. Anjuly Chib Duggal Independent Director
Mr. Gurumoorthy Mahalingam Independent Director
Mr. Raj Kamal Independent Director
Dr. Maruthi Prasad Tangirala Government Nominee Director

Life Insurance Corporation Of India (Lic) Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Life Insurance Corporation Of India (Lic) Corporate Action

Date Purpose Remarks
2024-02-08 Quarterly Results & Interim Dividend
2023-11-10 Quarterly Results
2023-08-10 Quarterly Results
2023-05-24 Audited Results & Final Dividend
2023-02-09 Quarterly Results
Date Purpose Remarks
2024-02-21 INTERIM Rs.4.00 per share(40%)Interim Dividend
2023-07-21 FINAL Rs.3.00 per share(30%)Final Dividend
2022-08-26 FINAL Rs.1.50 per share(15%)Dividend

About Life Insurance Corporation Of India (Lic)

Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai, Maharashtra. LIC is India’s biggest insurance company and the largest institutional investor investing in other Indian companies. The total assets under management of LIC are worth Rs 41.66 lakh crore as of September 2022. LIC is publicly managed and is under the direct ownership of the Government of India and the administrative control of the Indian Ministry of Finance. 

According to LIC’s exchange filing, the publicly-owned life insurance company witnessed a 112% increase in its standalone net profit in the fourth quarter of FY22. LIC’s standalone net profit for the Q4 of FY22 stood at Rs 2,371.5 crore. Furthermore, LIC witnessed a multi-fold rise in its annual net profits, which stood at Rs 35,997 crore, with its net commission rising 5% to Rs 8,428 for the last quarter. 

LIC has an extensive network of physical branches in India, with numerous branches overseas that provide a host of insurance products such as life insurance plans, pension plans, ULIPs, micro insurance plans, withdrawal plans and health insurance plans. 

As an institutional investor, LIC has a diversified portfolio of Rs 10 lakh crore with as many as 273 stocks in its portfolio. In terms of current market value, Reliance Industries is the largest holding for LIC, with a value of Rs 1.06 lakh crore. In 2022, LIC was ranked 98th on the 2022 Fortune Global 500 list, with an income of Rs 1.31 lakh crore. 
 

LIC – History 

In 1818, Bipin Das Gupta set up India’s first insurance company, named the Oriental Life Insurance Company, in Kolkata to provide insurance to the Indians. It was the same when Surendranath Tagore founded the Hindustan Insurance Society, which later became the Life Insurance Corporation. These two companies started the insurance revolution in India, leading to the first two decades of the twentieth century witnessing 176 insurance companies with a valuation of Rs 298 crore. However, in 1956, Feroz Gandhi highlighted the matter of insurance fraud, which led to the Indian government creating the Life Insurance Corporation Act and forming LIC on 1st September 1956. 

In the 2021 Union Budget, the Indian Finance Minister Nirmala Sitharaman announced that the Indian government would sell a 3.5% stake or 31.6 crore shares in LIC to the general public. The Indian government opened the biggest-ever Indian IPO on May 4, 2022, and raised Rs 21,000 crores, valuing the company at a staggering Rs 4.48 lakh crore. LIC shares got listed on the stock exchanges on May 17th, 2022, with the LIC share price opening at Rs 867.20, a discount of 8.62% to the issue price of Rs 949. 
 
Currently, LIC operates eight zonal offices located in Chennai, Delhi, Hyderabad, Mumbai, Kolkata, Kanpur, Patna and Bhopal. Furthermore, LIC also operates the LIC Golden Jubilee Foundation, which aims to promote education, minimise poverty and raise the standard of living of Indian citizens. 

LIC – Awards 

LIC stock price and its steady increase over the past year from the brief lows have provided a profitable way for investors to earn through dividends and capital appreciation with low risk. LIC has been given numerous awards as the biggest insurance provider in the country. Here are the awards for the year 2021-22: 

● ACEF Award
● Ashirwad Award
● CFBP Jamna Lal Bajaj Award 
● Dun and Bradstreet Award 
● Economics Times BFSI Award Best Brand 
● FICCI Insurance Industry Award Best Campaign Award
● FICCI Insurance Industry Award Special Jury Award
● India's Most Trusted Insurance Brand Award Honored by Insurance Alerts
● Marksmen-Daily-Excellence-in-the-BFSI-Industry
● National Award For Excellence in Digital Marketing 7th Edition Digital Advertising Award
● World BFSI Congress Award Customer Service Excellence Award
● World BFSI Congress Award Operational Excellence Initiative of the Year

LIC – Some Important Facts 

Here are some interesting facts about LIC stock price and the company: 

● As an institutional investor, LIC has investments in a host of industries, such as construction, infrastructure, banks, chemicals and fertilisers, healthcare hotels, etc. The investments and their current performance also affect the LIC share price today.  

● LIC has nearly 19 crore policyholders with a 74.6% market share when it comes to the number of policies issued. 

● LIC has an 81.1% market share in terms of group policies it has issued for the financial year 2021. 


LIC has always been a household name in India when it comes to buying insurance policies. However, with the government listing LIC shares on the stock market, investments made based on LIC share price history also allow investors to diversify their portfolios. However, as LIC shares have consolidated in the past year, review the LIC stock price today before investing. 

Life Insurance Corporation of India (LIC) FAQs

What is Share Price of Life Insurance Corporation of India ?

Life Insurance Corporation of India share price is ₹886 As on 19 March, 2024 | 14:35

What is the Market Cap of Life Insurance Corporation of India ?

The Market Cap of Life Insurance Corporation of India is ₹560774.3 Cr As on 19 March, 2024 | 14:35

What is the P/E ratio of Life Insurance Corporation of India ?

The P/E ratio of Life Insurance Corporation of India is 13.9 As on 19 March, 2024 | 14:35

What is the PB ratio of Life Insurance Corporation of India ?

The PB ratio of Life Insurance Corporation of India is 12.1 As on 19 March, 2024 | 14:35

Q2FY23