LIC Share Price Target 2024-2030 Fundamentals & Quarterly Results

Lic Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results– LIC India is often referred to as Life Insurance Corporation for India because it is an insurance company in India that deals with aids or help concerning life issues. At the time when it was taken over by the state the princely company was nationalized in 1956. It was previously known as the Oriental Life Insurance Company, established in Kolkata by Bipin Das Gupta 1818. Over 60% of this type of insurance policy belongs to them.LIC Share Price Target

LIC Overview

Life Insurance Corporation of India (LIC ) is a market leader in insurance in India that provides life insurance services. LIC has a market share of more than 66.2 % in new premium. The Company provides with participating insurance products and non-participating products which include ULP, saving plans term plans health plans as well as annuity and retirement products.

Company NameLife Insurance Corporation of India
Listed atNSE & BSE
Head OfficeYogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021
Board Of Directors
  • Shri. Siddhartha Mohanty Chairperson
  • Dr.M.P.Tangirala Government Nominee Director
  • Shri. M. Jagannath Managing Director
  • Shri. Tablesh Pandey Managing Director
  • Shri. Sat Pal Bhanoo Managing Director
  • Shri R. Doraiswamy Managing Director
  • Smt. Anjuly Chib Duggal Independent Director
  • Dr. Ranjan Sharma Independent Director
  • Shri. Vinod Kumar Verma Independent Director
  • Prof. Anil Kumar Independent Director
  • Shri. Gurumoorthy Mahalingam Independent Director
  • Shri. Raj Kamal Independent Director
  • Dr. V S Parthasarathy Independent Director
  • Shri. M.P.Vijay Kumar Independent Director
  • Shri. Sanjeev Nautiyal Independent Director
Official Websitelicindia.in

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LIC Business Profile

LIC, owned by \ Government of India, is India’s largest life insurance company with a history of over 65 years and a 61.6% market share in terms of premiums, 61.4% in New Business Premium, 71.8% in a number of individual policies issued, 88.8% in a number of group policies issued for 9MFY2022.

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In terms of total assets, LIC is ranked tenth globally among the biggest insurance companies and its life insurance GWP ranks fifth. In December 2021, its AUM was Rs 40.1 lakh crore making it the largest asset manager in India, representing 17.0% of India’s GDP. Its holdings in listed equities were approximately 4% of the aggregate market cap on NSE and it owned more government securities compared to RBI.

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History

The merger and nationalization of 245 private life insurance companies in India on September 1, 1956, led to the establishment of LIC. Before 2000, India’s domestic life insurance sector was dominated by LIC which among others led to its classification as a Domestic Systemically Important Insurer (D-SII) by the IRDAI. According to the 2021 Brand Finance’s ‘Insurance 100’ report, LIC is the 10th most valuable and third strongest among all global insurance brands today; this makes them an icon of sorts for Indian insurance firms.

The Life Insurance Corporation works through 2048 Flying Squad Branch, 870 Bo Divisional Office, and 1,554 Satellite Offices. At a global level, these services can be accessed from countries such as: Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. With an exterior collection in my foreign exchange year or (FY) servant representing only 0.69% during that time last year.

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Product

The product range of LIC covers many sections, it is well-diversified, and there are different individual and group products in the product mix. In India, the company had 32 single premium policies as at March 31, 2017; it included seven individual options. There were also 11 other kinds of group-based coverage.

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The an entirely each omnichannel stands for all’ side organization System of Agent, Bancassurance Partners or Alternate Channels (Corporate Agents, Brokers or Insurance Marketing Firms), Digital Sales (via a portal on the Corporation’s website), Micro Insurance Agents and Point of Salespersons-Life Insurance Scheme are made up of LIC .

Distribution Network

LIC holds the biggest personal agent system between life insurance in India. By the end of December 2021, there were about 1.33 million personal agents. In India, there are also 2048 offices and 1559 branch offices. This covers 91% of all the districts in India.

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Private insurers are giving LIC a run for their money as LIC registers poor new policy growth, thereby losing market share to private insurance players. LIC increased India’s total premium by a CAGR of 9%, while the total premium for private sector players in the life insurance industry increased at a CAGR of 18% between FY2016 to FY2021.

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LIC Fundamentals & Quarterly Results

Market Cap₹ 6,34,903 Cr.
Current Price₹ 1,004
High / Low₹ 1,175 / 595
Stock P/E15.7
Book Value₹ 131
Dividend Yield0.97 %
ROCE66.4 %
ROE63.4 %
Face Value₹ 10.0
Debt to Equity0.00
Debt Capacity8.14
Debt Preceding Year₹ 0.00 Cr.
Debt₹ 8.67 Cr.
Reserves₹ 76,422 Cr.
EPS₹ 64.7
EPS Last Year₹ 64.7
Pledged Percentage0.00 %
FCF Prev Ann₹ 53,976 Cr.
EV/EBITDA13.8
Industry PE42.2
PEG Ratio0.21
Piotroski Score6.00
Earnings Yield7.21 %
Sales Growth (5 Years)8.18 %

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LIC Quarterly Results

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales +212,098168,799217,092197,714201,231190,163203,033214,054238,968
Expenses +213,222168,360202,366194,094189,692180,169194,558204,815238,657
Operating Profit-1,12443914,7273,62011,5399,9948,4759,239312
OPM %-1%0%7%2%6%5%4%4%0%
Other Income +3,5039926,04627061211728820614,249
Interest000000000
Depreciation000000000
Profit before tax2,3791,43120,7723,89112,15110,1118,7639,44514,560
Tax %-1%103%26%-63%8%14%13%15%14%
Net Profit +2,40960815,8587,30613,1899,6348,0329,43413,784
EPS in Rs3.810.9525.0711.5620.8615.2312.7014.9721.79

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CAGR Report

10 Years5 Years3 YearsTTM
Compounded Sales Growth%8%7%8%
Compounded Profit Growth%73%140%14%
Stock Price CAGR%%%68%
Return on Equity%81%79%63%

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LIC Shareholding Pattern

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters +96.50%96.50%96.50%96.50%96.50%96.50%96.50%
FIIs +0.18%0.17%0.08%0.08%0.10%0.06%0.14%
DIIs +0.91%0.91%0.90%0.83%0.84%1.00%0.85%
Public +2.42%2.42%2.52%2.58%2.55%2.43%2.49%
No. of Shareholders36,03,67934,42,34033,78,79932,81,54431,34,54129,36,74027,16,181

LIC Share Price Target 2024-2030 Forecast

YearShare Price Target
2024₹1,645
2025₹2,532
2026₹3,418
2027₹4,305
2028₹5,188
2029₹5659
2030₹6200

LIC Share Price Target 2025

MonthShare Price Target
January₹1,719
February₹1,786
March₹1,863
April₹1,936
May₹2,007
June₹2,085
July₹2,159
August₹2,228
September₹2,308
October₹2,382
November₹2,450
December₹2,532

LIC Share Price Target 2026

MonthShare Price Target
January₹2,604
February₹2,672
March₹2,751
April₹2,822
May₹2,893
June₹2,972
July₹3,046
August₹3,121
September₹3,195
October₹3,267
November₹3,342
December₹3,418

LIC Share Price Target 2027

MonthShare Price Target
January₹3,487
February₹3,555
March₹3,638
April₹3,709
May₹3,785
June₹3,858
July₹3,929
August₹4,010
September₹4,080
October₹4,151
November₹4,231
December₹4,305

LIC Share Price Target 2028

MonthShare Price Target
January₹4,380
February₹4,453
March₹4,526
April₹4,593
May₹4,676
June₹4,747
July₹4,823
August₹4,897
September₹4,967
October₹5,047
November₹5,118
December₹5,188

LIC Share Price Target 2029

MonthShare Price Target
January5211
February5279
March5293
April5311
May5339
June5361
July5396
August5409
September5498
October5540
November5600
December5659

LIC Share Price Target 2030

MonthShare Price Target
January5700
February5761
March5801
April5871
May5911
June5963
July6014
August6054
September6090
October6139
November6162
December6200

Official Website –licindia.in

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