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NIACL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.2

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.2

Stock Code NIACL Market Cap 24,504 Cr. Current Price 148 ₹ High / Low 215 ₹
Stock P/E 20.9 Book Value 0.00 ₹ Dividend Yield 1.21 % ROCE 3.72 %
ROE 3.54 % Face Value 5.00 ₹ DMA 50 157 ₹ DMA 200 175 ₹
Chg in FII Hold -0.01 % Chg in DII Hold -0.03 % PAT Qtr 372 Cr. PAT Prev Qtr 63.2 Cr.
RSI 44.5 MACD -3.16 Volume 5,98,517 Avg Vol 1Wk 3,56,210
Low price 135 ₹ High price 215 ₹ PEG Ratio 0.26 52w Index 16.8 %
Qtr Profit Var 5.13 % EPS 7.11 ₹ Industry PE 33.2

📊 Core Financials

  • Revenue Growth: Quarterly PAT improved sharply from 63.2 Cr. to 372 Cr., showing recovery momentum.
  • Profit Margins: EPS at 7.11 ₹, but margins remain modest relative to industry peers.
  • Debt Ratios: Debt-to-equity not disclosed, but balance sheet appears light on leverage.
  • Cash Flows: Likely positive given profitability rebound, though sustainability remains uncertain.
  • Return Metrics: ROCE at 3.72% and ROE at 3.54% are weak, reflecting low efficiency in capital utilization.

💹 Valuation Indicators

  • P/E Ratio: 20.9, below industry average (33.2), suggesting relative undervaluation.
  • P/B Ratio: Not meaningful due to book value reported as 0.00 ₹.
  • PEG Ratio: 0.26, indicates valuation is attractive relative to growth expectations.
  • Intrinsic Value: Current price (148 ₹) trades below DMA 50 (157 ₹) and DMA 200 (175 ₹), signaling potential undervaluation.

🏢 Business Model & Competitive Advantage

  • NIACL operates in general insurance, a regulated sector with steady demand.
  • Competitive advantage lies in government backing and established brand presence.
  • Challenges include low return ratios and high competition from private insurers with stronger efficiency metrics.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near 140–150 ₹, close to current levels and support zone.
  • Long-Term Holding: Suitable for conservative investors seeking stability and modest dividend yield. Upside potential depends on sustained profitability improvement and efficiency gains.

Positive

  • Quarterly PAT surged significantly, showing operational recovery.
  • P/E ratio lower than industry average, indicating relative undervaluation.
  • Dividend yield of 1.21% provides steady income.

Limitation

  • Weak ROCE (3.72%) and ROE (3.54%) highlight poor capital efficiency.
  • Book value reported as 0.00 ₹, limiting valuation clarity.
  • Technical indicators weak (MACD negative, RSI mid-range).

Company Negative News

  • Decline in both FII (-0.01%) and DII (-0.03%) holdings.
  • Stock trading below DMA 50 and DMA 200, reflecting bearish sentiment.

Company Positive News

  • Quarterly PAT improved sharply, signaling turnaround momentum.
  • Volume activity remains healthy, showing investor interest.

Industry

  • Insurance industry trades at a higher P/E (33.2), reflecting premium valuations compared to NIACL.
  • Sector benefits from rising insurance penetration and regulatory support, but competition is intense.

Conclusion

  • NIACL shows signs of recovery with improved profitability and undervaluation relative to peers.
  • Weak return ratios and technical trends limit near-term upside.
  • Best suited for conservative investors seeking modest dividends and stability, with potential upside if efficiency improves.

Would you like me to also create a dividend sustainability analysis in HTML to evaluate NIACL’s payout capacity against its earnings trend?

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