Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 404546.85 Crore) operating in Financial Services sector.
Life Insurance Corporation of India key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent, Profit/Loss on Sale/Redemption of Investments and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 223736.35 Crore, up 31.77 % from last quarter Total Income of Rs 169790.63 Crore and up 23.00 % from last year same quarter Total Income of Rs 181901.85 Crore. Company reported net profit after tax of Rs 15312.80 Crore in latest quarter.
Investment Rationale
To reflect H1 developments, the brokerage adjusts estimates, leading to 6-8% cut in FY23-25E EV estimates. Currently, LIC is trading on FY23E P/EV of 0.7x. LIC’s valuation is undemanding, but it does not see catalysts to drive a material re-rating of LIC’s shares
Promoter/FII Holdings
Promoters held 96.5 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0.31 per cent, DIIs 0.79 per cent.
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