As of July 27, 2024, India First Life Insurance, Unlisted Shares are trading at ₹45.00 per share, with a 52-week high of ₹45 and 52-week low of ₹45. The minimun lot size is None shares, and the shares are traded on .
ISIN
INE381Y08011
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The numbers are allocated by a country's respective national numbering agency (NNA).
Face Value
₹ 10
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total Share
66,34,61,539
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
Total Income
₹ 7,302.64 undefined
Gross income refers to the total income earned by an individual on a pay check before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
Profit After Tax
₹ ****
It is the final profit left over after subtracting all operating and non operating items from net revenue.
EPS
₹ ****
It is the profit allocated to each outstanding share of common stock.
P/E
****
It is a valuation parameter that measures the company's current share price relative to its per-share earnings. Generally, high P/E is Overvalued & low P/E is Undervalued.
P/B
****
It shows the relationship between the current price and the book value of each share. A lower P/B ratio can mean that the stock is undervalued.
Market Capitalisation
₹ 2,985.58 Cr
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding shares.
Enterprise Value
₹ ****
It measures companys total value, which includes market capitalization, debt and excludes cash.
Book Value
₹ 14.4
It calculates the per share value of a company based on its equity available to common shareholders
Intrinsic Value
₹ ****
Intrinsic value is the anticipated value of a company or stock determined through fundamental analysis. It is also referred to as the price a rational investor is willing to pay for an investment, given its level of risk.
Earnings Yield
2.33 %
Sector
Financials
A sector is an area in which businesses share the same or a related product or service. It can also be known as an industry or market that shares common operating characteristics
Sub-sector
Insurance
Subsectors are the divisions of a sector. They are areas that vary from the rest of the sector substantially enough to justify creating a plan just for the subsector.
Category
Pre IPO
Category is defined as a class or division of things regarded as having particular shared characteristics.
Cashflow - Operations
₹ 1,102.81
It indicates the amount of money a company brings in from its ongoing and regular operations over a fixed period of time.
Cashflow - Financing
₹ 380.86
It shows the net flows of cash that are used to fund the company, which include transactions involving debt, equity, and dividends.
India First Life Insurance Growth
Compounded Sales Growth
1 Year
5 Year
9 Year
Compounded Profit Growth
5 Year
Return On Equity
2015
2019
2023
Highlights
Financials:- Over the last 5 yearstopline of the company grew at an annualized rate of 17.93% and bottom line grew at an annualized rate of 8.29%.
Premium Growth:- In FY23, New Business Premium grew by 18%, Renewal Premium grew by 29%, and New Individual Business APE (Annualized Premium Equivalent) grew by 27% y-o-y (year-on-year).
Solid Solvency and profitability:- In FY23, VoNB (Value of New Business) margin is 30.6%, Expense ratio of 19.01% and on the solvency side of things India First has a strong solvency margin of 2.18x.
Notable AUM and CSR:- In FY23, the company's Asset Under Management (AUM) is 21,683 Cr. which is 14.53% up y-o-y and Claim Settlement Ratio (CSR) stood at 98.4%.
Investment Thesis:- IndiaFirst Life has outpaced both the overall insurance industry and the private insurance industry in terms of individual new business growth. In the fiscal year 2022-23, it ranked 7th among all private insurers in terms of year-over-year growth. As compared to its peers' average P/E of 50.4x, the company is currently trading at a P/E of 42.9x, making it a more reasonably priced investment. Additionally, IndiaFirst is trading at a P/B of 3.1x as compared to its peers' average of 8.1x, which further solidifies its position as a bargain buy.
Although the company's FY23 revenue growth and profitability are impressive, we will continue to monitor its performance for another 6 months before changing our rating.
(Peers taken are SBI Life Insurance Company, HDFC Life Insurance Company, Max Life Insurance, LIC.)
PSU Bank Backup:- The company is backed up by Bank of Baroda (65%), Union Bank of India (9%) and Carmel Point Investments India Private Limited (26%).