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Life Insurance Corp. of India
(LICI)
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Rating:65Neutral
Price Target:
₹453.00
▲(7.51% Upside)
Action:Reiterated
Date:08/29/26
The score is primarily held back by weaker financial quality signals—especially negative operating and free cash flow in FY2025–FY2026 and margin volatility—despite solid revenue growth, improved profitability since FY2022, and low reported debt. Valuation (low P/E with a moderate dividend yield) is a meaningful positive offset, while technicals are neutral with only modest momentum.
Positive Factors
Sustained Revenue Growth and Scale
The multi-year revenue increase demonstrates LIC’s substantial operating scale and continued expansion of its insurance and investment platform. Re-accelerating growth supports durable premium-generation capacity, although future quality will depend on product mix and persistency.
Negative Factors
Recent Negative Operating and Free Cash Flow
Persistent negative operating and free cash flow weakens confidence in earnings quality and reduces financial flexibility, even when accounting profits remain positive. If sustained, weaker cash realization could constrain investment capacity and increase sensitivity to balance-sheet movements.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth and Scale
The multi-year revenue increase demonstrates LIC’s substantial operating scale and continued expansion of its insurance and investment platform. Re-accelerating growth supports durable premium-generation capacity, although future quality will depend on product mix and persistency.
Read all positive factors
Life Insurance Corp. of India (LICI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.25T
Dividend Yield2.41%
Average Volume (3M)862.89K
Price to Earnings (P/E)8.7
Beta (1Y)1.11
Revenue Growth10.53%
EPS Growth23.28%
CountryIN
Employees84,565
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Life
Share Statistics
EPS (TTM)47.49
Shares Outstanding12,649,995,000
10 Day Avg. Volume592,021
30 Day Avg. Volume862,888
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)2.59
Price to Sales (P/S)0.47
P/FCF Ratio-16.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹530.00Price Target Upside25.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)47.34
Revenue Forecast (FY)₹10.48T
Life Insurance Corp. of India Business Overview & Revenue Model
Company Description
Life Insurance Corporation of India (LIC) is a leading provider of life insurance solutions, operating across India, Fiji, Mauritius, and the United Kingdom. Its comprehensive individual offerings feature both participating policies and a variety ...
How the Company Makes Money
LIC primarily makes money through its life insurance operations and the investment of funds it manages. Key revenue and earnings drivers include: (1) Premium income: Customers pay premiums for individual and group life insurance policies (e.g., te...
Life Insurance Corp. of India Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.94T | 9.78T | 8.91T | 8.49T | 7.85T | 7.27T |
| Gross Profit | 4.71T | 4.79T | 8.66T | 8.23T | 7.59T | 7.03T |
| EBITDA | 591.44B | 574.96B | 490.00B | 416.50B | 366.25B | 46.87B |
| Net Income | 600.80B | 574.53B | 483.20B | 409.16B | 359.97B | 41.25B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 59.49T | 56.61T | 53.16T | 45.78T | 42.54T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 720.13B | 825.75B | 418.24B | 518.29B | 447.24B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.88M |
| Total Liabilities | -1.77T | 57.72T | 55.33T | 52.33T | 45.32T | 42.43T |
| Stockholders Equity | 1.77T | 1.77T | 1.27T | 827.47B | 462.33B | 113.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -273.27B | -99.22B | 257.80B | 536.32B | -44.99B |
| Operating Cash Flow | 0.00 | -262.11B | -91.45B | 265.48B | 545.19B | -37.83B |
| Investing Cash Flow | 0.00 | 347.08B | 404.23B | -258.26B | -544.72B | 120.99B |
| Financing Cash Flow | 0.00 | -76.26B | -37.94B | -44.27B | -9.49B | 0.00 |
Life Insurance Corp. of India Technical Analysis
Positive
421.35
Price Trends
420.86
Negative
410.33
Positive
410.09
Positive
Market Momentum
-0.06
Negative
49.80
Neutral
36.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LICI, the sentiment is Positive. The current price of 421.35 is above the 20-day moving average (MA) of 414.25, above the 50-day MA of 420.86, and above the 200-day MA of 410.09, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 49.80 is Neutral, neither overbought nor oversold. The STOCH value of 36.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LICI.
Life Insurance Corp. of India Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹533.08B | 483.88 | ― | 0.63% | 4.89% | -59.23% | |
69 Neutral | ₹1.78T | 68.45 | ― | 0.15% | -0.43% | 4.44% | |
65 Neutral | ₹5.25T | 8.75 | ― | 2.41% | 10.53% | 23.28% | |
63 Neutral | ₹857.37B | 113.12 | ― | ― | 38.00% | 96.70% | |
58 Neutral | ₹1.18T | 59.65 | ― | 0.73% | 5.03% | 4.87% | |
57 Neutral | ₹718.19B | 42.23 | ― | 0.33% | -8.37% | 35.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:LICI
Life Insurance Corp. of India
415.25
-12.81
-2.99%
IN:HDFCLIFE
HDFC Life Insurance Co. Ltd.
545.10
-206.47
-27.47%
IN:ICICIPRULI
ICICI Prudential Life Insurance Co. Ltd.
494.95
-96.20
-16.27%
IN:MFSL
Max Financial Services Limited
1,544.65
-38.60
-2.44%
IN:POLICYBZR
PB Fintech Limited
1,853.00
65.30
3.65%
IN:SBILIFE
SBI Life Insurance Co. Ltd.
1,772.00
-5.93
-0.33%
Life Insurance Corp. of India Corporate Events
LIC invests Rs 5,000 crore in Bajaj Finance non-convertible debentures
Aug 27, 2026
Life Insurance Corporation of India has subscribed to 500,000 non-convertible debentures issued by Bajaj Finance Limited, each with a face value of Rs 100,000, for a total investment of Rs 5,000 crore. The transaction, executed via bank transfer o...
LIC schedules analyst call and posts Q1 FY27 investor presentation
Aug 6, 2026
Life Insurance Corporation of India has notified the stock exchanges that it will hold an analyst and investor conference call on August 06, 2026, supported by an investor presentation for Q1 FY27. The presentation has been made available to marke...
LIC shareholders clear all resolutions at fifth Annual General Meeting
Jul 27, 2026
Life Insurance Corporation of India has reported the voting results of its fifth Annual General Meeting held on July 27, 2026, to the stock exchanges, confirming that all seven resolutions on the agenda were approved with the requisite majority. T...
LIC schedules July 2026 investor and analyst meetings, reiterates compliance with SEBI norms
Jun 28, 2026
Life Insurance Corporation of India has announced that it will participate in a series of virtual and physical meetings with investors and analysts from various geographies between July 1 and July 15, 2026. The company has made an investor present...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.