- Analysis
- Barani Krishnan
- 19
The New India Assurance Company Limited, together with its subsidiaries, operates as a general insurance company in India and internationally. The company provides credit, engineering, aviation, property, personal accident, liability, marine cargo, marine hull, fire, motor, health, social sector, and miscellaneous insurance products. It also offers crop, cattle, sheep, goat, poultry, horticulture/plantation, and micro insurance products, as well as insurance for agriculture solar pump sets. In addition, the company provides insurance for home and contents, animal driven carts, and pedal cycles. Further, it offers bancassurance and reinsurance products; and government schemes. The New India Assurance Company Limited was incorporated in 1919 and is headquartered in Mumbai, India.
Metrics to compare | THEE | Peers Peers - average of corresponding metrics from companies closely matching THEE: STARHEALTH, NIVABUPA, ICICIGI, RELIGARE, HDFCLIFE | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTHEEPeersSector |
---|---|---|---|---|
P/E Ratio | 29.6x | 35.9x | 9.0x | |
PEG Ratio | 4.94 | 0.26 | 0.03 | |
Price/Book | - | 3.6x | 1.0x | |
Price / LTM Sales | 0.7x | 1.1x | 2.8x | |
Upside (Analyst Target) | 19.2% | 22.4% | 11.7% | |
Fair Value Upside | Unlock | 5.4% | 2.6% | Unlock |