India first life insurance Share Price - Financial, Valuation & News
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Unlisted Shares

India First Life Insurance Essentials

In this research report, you will get a complete analysis of India first life insurance Pre IPO

- India First Life Insurance IPO Details
- India First Life Insurance Upcoming IPO Details
- Expected India first life insurance IPO Date
- Expected Price Band
- Management Details (Ownership)
- Business Model
- Key Ratios
- Peer Comparisons
- Complete financial reports (Profit and Loss Statements, Balance Sheets, Results, Growth, Valuations, Funding Rounds)
- (Articles and latest News Videos)
- Upcoming and Past Events Details
- Rating and recommendations for the Company's shares (Whether to Buy/Sell/Hold)


- India first life insurance Share Price (Latest update market shares to buy )

Complete analysis of India first life insurance

ISIN

INE381Y08011

Face Value

₹ 10

Total Share

66,34,61,539

Total Income

₹ 7,302.64 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 2,985.58 Cr

Enterprise Value

₹ ****

Book Value

₹ 14.4

Intrinsic Value

₹ ****

Earnings Yield

2.33 %

Sector

Financials

Sub-sector

Insurance

Category

Pre IPO

Cashflow - Operations

1,102.81

Cashflow - Financing

380.86

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

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  • Financials:- Over the last 5 years topline of the company grew at an annualized rate of 17.93% and bottom line grew at an annualized rate of 8.29%. 
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  • 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).
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  • 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.
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  • 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%.
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  • 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.)
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  • 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%).

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹