Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · THE NEW INDIA ASSU CO LTD · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
THE NEW INDIA ASSU CO LTD NSE: NIACL · BSE: 540769
Financial Services › Financial Services › Insurance › General Insurance
THE NEW INDIA ASSU CO LTD
StateQ1 FY27 filed
Last close · 27 Oct 2026₹163.33
Market cap—
TTM P/E · P/B · EV/EBITDA— · — · —
Sells general insurance products — motor, health, fire, marine and other lines — to retail and corporate policyholders across India. Earns from two distinct sources: insurance premiums (gross written premium of ₹47,174 crore in FY26, up 8% YoY) and investment income on the premium float (₹11,112 crore in FY26, up 38% YoY). Health & Personal Accident accounts for 47.5% of the premium book, with the balance spread across Motor (own damage and third party), Fire, Marine and other classes. Underwriting runs at a loss, with a combined ratio of 122.57% in FY26 (116.67% excluding a one-time wage revision impact of ₹3,525 crore), meaning claims and expenses exceed premium collected; the gap is bridged by investment income. Manages assets under management of ₹96,652 crore and holds a solvency ratio of 1.84x against the 1.5x regulatory minimum. Operates 411 offices across 28 states with 10,405 employees and holds a 12.74% share of the Indian general insurance industry. Recent initiatives include the Bharat Maritime Pool, a War Cover product for the Fire segment, and a Go Retail strategy to expand individual customer share. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Health & Personal Accident premium (48%), Motor premium (Own Damage and Third Party), Fire premium, Marine premium, Investment income on premium float. Claim-heavy general insurance with a significant investment float that underwrites the underwriting loss
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY21
FY22
FY23
FY25
FY26
Revenue
—
—
—
—
—
EBITDA (ex other income)
—
—
—
—
—
margin %
—
—
—
—
—
Owners' profit
1,628
178
1,061
972
1,354
EPS, as reported (₹)
—
—
—
—
—
ROE % · ROCE %
— · —
— · —
— · —
— · —
— · —
Debt / equity (x)
—
—
—
—
—
Cash from operations
777
(4,052)
(5,855)
(3,390)
(4,532)
Capex
(99)
(117)
(98)
(116)
(80)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · THE NEW INDIA ASSU CO LTD · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q1 FY24
Q2 FY24
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
—
—
—
—
—
—
—
—
Profit before tax
—
—
—
—
—
—
—
—
Net profit
266
(195)
322
392
20
377
564
(244)
EPS (₹)
—
—
—
—
—
—
—
—
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
THE NEW INDIA ASSU CO LTD ◆
—
—
—
—
—
—
—
—
STAR HEALTH & AL INS CO L
—
—
—
—
—
—
—
—
GO DIGIT GENERAL INS LTD
—
—
—
—
—
—
—
—
ICICI LOMBARD GIC LIMITED
—
—
—
—
—
—
—
—
GENERAL INS CORP OF INDIA
—
—
—
—
—
—
—
—
NIVA BUPA HEALTH INS CO L
—
—
—
—
—
—
—
—
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
Profit growth
(162.2)
21.9
12 of 12
0%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · THE NEW INDIA ASSU CO LTD · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
23 Oct 2026 · Insider trading window closed ahead of September quarter results
compliance
minimal
—
—
23 Oct 2026 · Board to review September 2026 quarterly results
results
low
—
—
13 Oct 2026 · NIACL responds to NSE query on unusual volume spike
compliance
low
—
—
12 Oct 2026 · NSE seeks clarification from New India Assurance on unusual trading volume
regulatory legal
medium
—
—
6 Oct 2026 · Reg 74(5) Depository Certificate for Q2 FY26
compliance
minimal
—
—
1 Oct 2026 · New India Assurance appoints three senior KMPs
management changes
medium
—
—
30 Sept 2026 · New India Assurance appoints Ms. Lavanya R Mundayur as CMD
management changes
high
—
—
28 Sept 2026 · Trading window closure from Oct 1, 2026 ahead of Q2 results
compliance
minimal
—
—
11 Sept 2026 · S Sivasankar gets additional charge as CMD of New India Assurance
management changes
high
—
—
9 Sept 2026 · New India Assurance appoints statutory auditors for FY 2026-27
management changes
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
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A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
