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New India Assurance Company Ltd dividend

New India Assurance Company Ltd dividend

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₹ 6.4 Cr

Volume transacted

stocks purchased

239.4 K

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Last Updated time: 19 Jul 15:30 PM

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New India Assurance Company Ltd

NSE: NIACL

DPS

1.93

Last updated : FY 2023

Key Highlights

    The Dividend per Share of New India Assurance Company Ltd is ₹ 1.93 as of 2023 .a1#The Dividend Payout of New India Assurance Company Ltd changed from 42.64 % on March 2019 to 30.14 % on March 2023 . This represents a CAGR of -6.70% over 5 years. a1#The Latest Trading Price of New India Assurance Company Ltd is ₹ 265.3 as of 19 Jul 15:30 .a1#The Market Cap of New India Assurance Company Ltd changed from ₹ 31435 crore on March 2019 to ₹ 15985 crore on March 2023 . This represents a CAGR of -12.65% over 5 years. a1#The Revenue of New India Assurance Company Ltd changed from ₹ 8597 crore to ₹ 11721 crore over 8 quarters. This represents a CAGR of 16.76% a1#The EBITDA of New India Assurance Company Ltd changed from ₹ 160.94 crore to ₹ 469.85 crore over 8 quarters. This represents a CAGR of 70.86% a1#The Net Pr of New India Assurance Company Ltd changed from ₹ 130.36 crore to ₹ 307.78 crore over 8 quarters. This represents a CAGR of 53.66% a1#

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Company Fundamentals For New India Assurance Company Ltd

Market Cap

46,234 Cr

EPS

6.8

P/E Ratio (TTM) *

41.4

P/B Ratio (TTM) *

1.6

DTE *

0.0

ROE *

3.9

ROCE *

3.1

Dividend Yield *

0

DPS *

1.93

Dividend Payout *

30.14

Ann.Dividend % *

38.6

* All values are consolidated

Last Updated time: 19 Jul 15:30 PM

* All values are consolidated

Last Updated time: 19 Jul 15:30 PM

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Historical Dividend Payout of New India Assurance Company Ltd

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Historical Dividend Payout of New India Assurance Company Ltd

Period
Mar '1943
Mar '200
Mar '210
Mar '2230
Mar '2330

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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New India Assurance Company Ltd

NSE: NIACL

PRICE

265.3

-15.25 (-5.44%)

stock direction

Last updated : 19 Jul 15:30

SWOT Analysis Of New India Assurance Company Ltd

Strength

2

S

Weakness

3

W

Opportunity

0

O

Threats

1

T

BlinkX Score for New India Assurance Company Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Historical Market Cap of New India Assurance Company Ltd

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Historical Market Cap of New India Assurance Company Ltd

Period
Mar '1931436
Mar '2018491
Mar '2125437
Mar '2218392
Mar '2315986

* All values are a in crore

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Historical Revenue of New India Assurance Company Ltd

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Historical Revenue of New India Assurance Company Ltd

Period
Jun '228597
Sep '2211594
Dec '2210576
Mar '2310223
Jun '239875
Sep '2310571
Dec '2311366
Mar '2411721

* All values are a in crore

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Historical EBITDA of New India Assurance Company Ltd

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

Historical EBITDA of New India Assurance Company Ltd

Period
Jun '22161
Sep '2238
Dec '22908
Mar '23150
Jun '23318
Sep '23-242
Dec '23866
Mar '24470

* All values are a in crore

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Historical Net Profit of New India Assurance Company Ltd

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Historical Net Profit of New India Assurance Company Ltd

Period
Jun '22130
Sep '2242
Dec '22745
Mar '23144
Jun '23266
Sep '23-195
Dec '23713
Mar '24308

* All values are a in crore

About New India Assurance Company Ltd

About New India Assurance Company Ltd

    The New India Assurance Company Limited is the largest general insurance company in India in terms of net worth, domestic gross direct premium, profit after tax and number of branches. The Company's operations are spread across 29 States and seven Union Territories in India and across 26 other countries globally through a number of international branches, agency offices and Subsidiaries including a desk at Lloyd's, London. The Company's insurance products can be broadly categorized into the following product verticals: fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products. The Company is registered with IRDAI for carrying out the business of general insurance. The New India Assurance Company Limited was incorporated as a Limited Company on July 23, 1919 at Mumbai, Maharashtra, India. The Company obtained the Certificate of Commencement of Business on October 14, 1919. In 1920, within one year of the incorporation of the Company, New India Assurance Company opened an office in London. After that, the Company saw a steady increase in presence abroad with Manila, Port Louis and Japan. In 1956, New India Assurance Company transferred life insurance business to the Life Insurance Corporation of India, which formed under the Life Insurance Corporation Act, 1956, pursuant to which life insurance business in India was nationalized. In 1973, The General Insurance Corporation of India was formed under the General Insurance Business (Nationalization) Act, 1972, which provided for nationalization of general insurance business in India. New India Assurance Company became a subsidiary of the General Insurance Corporation of India after the Government of India (GoI) transferred its entire shareholding in general insurance companies to the General Insurance Corporation of India. Pursuant to the 1973 Scheme, which came into force on January 1, 1974, New India Assurance Company was nationalized by the Government of India. In 2003, pursuant to the General Insurance Business (Nationalization) Amendment Act, 2002, the General Insurance Corporation of India transferred its entire shareholding in New India Assurance Company to the GoI. New India Assurance Company crossed premium of Rs 10000 crore during 2011-12. In 2016, the Company received approval for opening an office at Gujarat International Finance Tec-City, Gandhinagar. The Company crossed premium of Rs 20000 crore during 2016-17. In November 2017, New India Assurance Company came out with an initial public offer (IPO). The IPO was a combination of fresh issue of shares by the company and offer for sale of a portion of its stake by Government of India (GoI). The stock debuted at Rs 748.90 on BSE on 13 November 2017 compared with IPO price of Rs 800 per share. The Board of Directors of The New India Assurance Company Ltd at its meeting held on May 11, 2018, recommended issue of bonus shares in proportion of 1:1 (ie. 1 new bonus equity share of Rs. 5 each for every 1 equity shares of Rs. 5 each held), subject to approval of the shareholders. During year 2019, Company's foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3530.37 crores and a Net Premium of Rs. 2839.09 crores in FY 2018-19. The foreign operations recorded an underwriting (loss) of Rs. (543.10) crores and Profit After Tax was Rs. (389..90) crores. It approved 67 New Micro Offices and opened 35 new Micro Offices. During year 2019, 10 Micro Offices were upgraded to Branch Offices and 18 Branch Offices were upgraded to Divisional Offices. As on 31st March 2019, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 IFSC, 477 Divisional Offices, 594 Branch Offices, 25 Direct Agent Branches and 1257 Micro Offices, totaling 2395 offices inclusive of Head Office. During the year 2019, 22 new products were launched by the Company. During FY2019, the Company issued Bonus Equity Shares of Rs. 5 each in the ratio of 1:1 to the existing shareholders of the Company for which, allotment date was 29 June, 2018. During year 2020, the Company serviced more than 30 million policies. As on 31st March 2020, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 office at International Financial Services Centre, 1 Digital Hub, 474 Divisional Offices, 591 Branch Offices, 25 Direct Agent Branches and 1160 Micro Offices, totaling 2292 offices inclusive of Head Office. The Company's foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3747.58 crores and a Net Premium of Rs. 3042.99 crores in FY 2019-20. The foreign operations recorded an underwriting profit of Rs. 73.31 crores and Profit After Tax was Rs. 214.91 crores. Gross Written Premium increased to Rs. 31244 crores, recording a growth of 11.52% in 2019-20. During the year 2020, two new products were approved by the Regulator - IRDAI (Stand Alone Motor Own Damage Policy for Two-Wheeler and for Private Car). During FY2021, Global Gross Written Premium increased to Rs. 28663 crores, recording a growth of 6.16% in% in 2020-21. The Company's foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3888.83 crores and a Net Premium of Rs. 3070.24 crores in 2020-21. The foreign operations recorded an underwriting profit of Rs. 75.69 crores and Profit After Tax was Rs. 196.21 crores. During the year 2021, Company opened 1 Regional Government Business Office (RGBO) for better servicing and closed 1 Divisional Office, 2 Branch Offices and 76 Micro Offices. During the year 2021, eight new products were approved by the Regulator - IRDAI (Nil Depreciation Add-on Cover under Commercial Vehicles, Roadside Assistance Add-On Cover under Annual Policy, Bundled Policy, Stand Alone Motor Own Damage Policy for Two-Wheeler and Private Car separately and under Long Term Two-Wheeler Package Policy for 2 & 3 years). During FY 2020-2021, Company selected Punjab Sind Bank as its General Insurance business partner. During the year 2021, Company opened 1 Micro Office for better servicing and closed 3 Branch offices and 41 Micro Offices. During FY2022, Global Gross Written Premium increased to Rs. 32837 crores, recording a growth of 14.56% in 2021-22. The Company's foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3644.41 crores and a Net Premium of Rs. 2916.94 crores in 2021-22. The foreign operations recorded an underwriting loss of Rs 206.35 crores and Loss after Tax was Rs. 2.95 crores. As on 31st March 2022, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 RGBO,1 IFSC, 1 Digital Hub, 473 Divisional Offices, 584 Branch Offices, 25 Direct Agent Branches and 1046 Micro Offices, totaling 2171 offices inclusive of Head Office. New India Assurance has tie-up with PSU i.e. Canara Bank, Punjab and Sind Bank, Central Bank of India and 3 private banks including IDBI &1 foreign bank i.e. Citibank, besides 30 Scheduled Cooperative Banks during FY 2021-2022. In FY 2021-2022 Bancassurance contributed Rs 267.66 cr. premium income and ICR was 82.34%. During FY2022, Global Gross Written Premium increased to Rs. 34800 crores, recording a growth of 5.98% in 2022-23. The Company's foreign operations saw a gross written premium turnover in rupee equivalent of Rs. 3,990.81 crores and a Net Premium of Rs. 3,245.75 crores in 2022-23. The foreign operations recorded an underwriting loss of Rs 263.71 crores and Loss after Tax was Rs. 107.14 crores. As on 31st March 2023, the Company has a network of 31 Regional Offices, 7 Large Corporate Offices, 1 Auto Hub, 1 RGBO,1 IFSC, 1 Digital Hub, 469 Divisional Offices, 564 Branch Offices, 23 Direct Agent Branches and 816 Micro Offices, totaling 1915 offices inclusive of Head Office. New India Assurance has tie-up with PSU i.e. Canara Bank, Punjab and Sind Bank, Central Bank of India and 3 private banks including IDBI &1 foreign bank i.e. Citibank, besides 30 Scheduled Cooperative Banks during FY 2022-23. In FY 2022-23, Bancassurance contributed Rs 248.12 cr. premium income and ICR was 82.34%.

New India Assurance Company Ltd News Hub

News

Volumes soar at New India Assurance Company Ltd counter

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05 Jul 202411:00

News

Board of New India Assurance Company recommends final dividend

New India Assurance Company announced that the Board of Directors of the Company at its me...

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23 May 202410:55

News

New India Assurance Company to hold board meeting

New India Assurance Company will hold a meeting of the Board of Directors of the Company o...

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15 May 202415:29

News

New India Assurance Company receives affirmation in issuer rating

New India Assurance Company announced that CRISIL has reaffirmed CRISIL AAA; Stable rating...

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19 Apr 202419:24

News

New India Assurance Company to discuss results

New India Assurance Company will hold a meeting of the Board of Directors of the Company o...

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30 Jan 202415:54

News

New India Assurance Company Ltd leads losers in 'A' group

Whirlpool of India Ltd, TVS Srichakra Ltd, General Insurance Corporation of India and Elec...

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01 Dec 202315:00

FAQs for dividends of New India Assurance Company Ltd

What is the current market price of New India Assurance Company Ltd Ltd as of July 19, 2024?

The current market price of New India Assurance Company Ltd Ltd stands at 265.3 per share.

What dividend did New India Assurance Company Ltd declare in the last fiscal year?

In the last fiscal year, New India Assurance Company Ltd declared a dividend totaling ₹1.9.

What is the most recent dividend declared by New India Assurance Company Ltd?

New India Assurance Company Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has New India Assurance Company Ltd declared dividends in the current fiscal year

New India Assurance Company Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did New India Assurance Company Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), New India Assurance Company Ltd declared dividends 4 times totaling ₹0.
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