After the Union budget 2023, we saw a sharp decline in the insurance stock price. HDFC life insurance fell by more than 20%. We saw similar decline in SBI Life Insurance and LIC India. LIC India also saw a decline because of the Hindensburg’s report on Adani stocks and LIC choosing to invest in Adani stocks. As such, investors are worried and want to know if LIC India is a good stock to hold for long term and what is LIC India’s share price target for the period of 2023 to 2030.
LIC India has been a staple in the Indian insurance sector for many years and has maintained a strong market presence with its diverse range of insurance products. Investors have been keeping a close eye on the LIC India share price, especially in light of the company’s recent financial performance.
The price of LIC stocks increased by more than 4% following the significant rise in profit in the third quarter. This performance has raised questions about the future of the LIC India share price and whether it’s a good investment opportunity.
Whether you’re a seasoned investor or just starting out, this article will provide valuable insights into the future of LIC India’s share price and its potential as an investment opportunity.
LIC recently released its results:
The largest life insurer in India, LIC, reported significant bottom-line growth for the final three months of FY23. Consolidated PAT increased by a staggering 447.47% or 5.5 times year-over-year to reach 13,190.79 crore for the quarter that ended in March 2023. The PAT for the fourth quarter of the preceding fiscal was just 2,409.39 crore. In Q4 PAT, the rise was 107.77% sequentially. The PAT for the third quarter of 2023 ended at 6,348.71 crore. On the top line, consolidated net premium income for the March quarter was 1,32,223.21 crore, down 8.27% from 1,44,158.84 crore for the same quarter last year. However, LIC increased from 11,12,296.69 crore in Q3FY23 by 17.7%.Total premium income for the full fiscal year FY23 was 4,74,005 crore, an increase of 10.90% YoY from 4,27,419 crore in FY22.
Stock history of LIC India
LIC India has a long and rich history in the Indian insurance sector. Over the years, LIC India has expanded its product offerings to include a wide range of insurance products, including life insurance, health insurance, and investment-linked insurance plans.
The company’s stock was first listed on the Bombay Stock Exchange (BSE) in 1994, and since then, it has become a popular investment option for both retail and institutional investors. In recent years, the company’s stock has been one of the most actively traded stocks on the BSE, and has been the subject of much analysis and discussion among investors.
In terms of stock performance, LIC India has had its ups and downs over the years, but has generally been a relatively stable investment. The company’s share price has tended to be influenced by changes in the overall Indian economy, as well as broader trends in the insurance sector.
In recent years, the company’s financial performance has been strong, which has contributed to an increase in its share price, which is currently trading at Rs. 604.5
Latest news about LIC India
➤ Life Insurance Corporation (LIC) said greater attention would be paid to “profitable” market share on Thursday amid declining market share. According to information released by insurance regulator Irdai, LIC’s market share decreased 67 basis points to 62.58% for FY23 from 63.25% for FY22 when measured by first year premium income.
➤ According to Siddhartha Mohanty, chairman of the country’s largest life insurer, the investment policy of Life Insurance Corporation of India is in place and individual stock movements won’t have an impact on it. He was responding to the recent movement in the stocks of the Adani Group.
➤For the fiscal year that concluded in March 2023, the board has proposed a final dividend of Rs 3 per equity share having a face value of Rs 10 each.
➤Following the Hindenburg scandal, LIC increased its stake in four Adani Group entities in the fourth quarter.
You can buy LIC India shares from the following trading platforms:
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The LIC India share price is expected to experience a bullish trend in 2023, with growth projections ranging from a minimum of 427.09 to a maximum of 829.81, a growth percentage of anywhere close to 95%. This uptrend is projected to continue throughout the year, with a strong performance in the first half of 2023 followed by a relatively stable performance in the latter half of the year.
After LIC India’s stock correction, we expect LIC India to increase. The bullish trend is expected to continue into the subsequent months, with projections for maximum prices reaching as high as ₹829.81 in December 2023 and minimum prices being ₹638.31 .
Overall, the LIC India share price is expected to experience a strong and steady growth throughout 2023, making it a potentially attractive investment option for those looking to invest in the Indian auto sector.
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We can clearly analyse that LIC India share price is expected to experience a continued uptrend in 2024, with growth projections ranging from a minimum of 602.04 to a maximum of 1,161.77, a growth percentage of anywhere between 17.16% and 93.23%. The year is expected to start strong, with January 2024 projecting a maximum price of ₹873.48 and a minimum price of ₹671.91, a growth percentage of 29.59%.
The maximum and minimum price targets for LIC India in 2024 are expected to be ₹1,161.77 and ₹602.04 respectively. This bullish trend is expected to continue throughout the year, with projections for maximum prices reaching as high as ₹1,138.99 in November 2024 and minimum prices as low as ₹722.45 in April 2024.
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The LIC India share price target for 2025 is quite promising, with the minimum price expected to be around ₹911.54 and the maximum price expected to be around ₹1,409.24. The bullish trend is expected to continue, and the growth percentage is expected to be substantial.
During the first quarter of 2025, the share price is expected to reach ₹1,247.37, and it is expected to grow to ₹1,309.74 by March 2025. The mid of 2025 shows a slight dip in the share price, but it is expected to pick up again in the latter half of the year.
The share price is expected to reach ₹1,291.23 by October 2025, and it is expected to end the year at ₹1,409.24. The uptrend in the LIC India share price is expected to continue, and investors can expect good returns on their investments in 2025.
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The share price of LIC India is expected to show an upward trend over the next decade, with a significant increase projected between 2029 and 2030. The maximum price of LIC India’s shares is expected to reach ₹3,100.34 in 2029 and ₹3,452.65 in 2030, which is more than three times the minimum price of ₹586.95 in 2027.
In 2026, the maximum price of LIC India’s shares is expected to be ₹986.47, while the minimum price is projected to be ₹690.53. This indicates a bullish outlook for LIC India’s shares over the next decade and investors can expect an uptrend in the share price with growth potential in the long-term.
Financial Condition of LIC India: Last 5 years
|Profit before tax||9,882.14||10,425.33||9,544.68||10,894.53||11,945.35|
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LIC India has seen a steady growth over the last five years. The company’s sales have increased from ₹5,22,847.98 in March 2018 to ₹7,20,313.67 in March 2022, reflecting a growth of 37.7% in revenue. Although the expenses have also increased in line with the sales, the operating profit has shown a growth of 20.5% over the five year period.
The other income has also shown a growth of 24.3% while the depreciation has increased by 43.7%. The company’s interest has decreased by 15.9%. As a result of these factors, the profit before tax has increased by 20.3% from ₹9,882.14 in March 2018 to ₹11,945.35 in March 2022.
The tax has increased by 7.1% over the same period. As a result, the net profit after tax has increased by 64.2% from ₹2,446.41 in March 2018 to ₹4,043.12 in March 2022. The earnings per share (EPS) have increased by 153.5% over the same period.
The company has paid dividends of 1.56% and 1.57% in March 2019 and March 2020 respectively, however, the dividend payout was 0.00% in March 2018 and March 2021. The company’s operating profit margin (OPM) has remained stable, with a minimum of 1.18% in March 2020 and a maximum of 1.80% in March 2018.
Emkay Global has conducted an analysis of Life Insurance Corporation of India with a recommended price target of Rs 800.
JM Financial recommends purchasing Life Insurance Corporation of India and has set a target price of Rs 940.
Although Yes securities have not given any set price, but they predict that the share of LIC can give more than 25% returns in the long run.
Life Insurance Corporation of India, NSE: LICI, has been given a Buy rating by domestic brokerage firm Kotak Institutional Equities, with a price objective of Rs 975.
Motilal Oswal has suggested to buy LIC with a predicted price of Rs 830.
According to our analysis, LIC India share price will increase to ₹829.81 by the end of 2023.
The share price target of LIC India for 2025 might be around Rs. 1,409.24. With projections for continued growth and stability, LIC India may be a wise choice for those looking to secure a profitable return on investment.
Can LIC touch 3000 INR?
Yes, according to our analysis, LIC can touch 3000 INR by 2030. The LIC India share price is expected to continue its strong performance till 2030, making it a potentially attractive investment option for those looking to invest in the Indian auto sector.
The per share price of LIC India might reach around ₹3,452.65 by the end of 2030.
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Based on the financial data of LIC India over the last five years, the company has seen a steady growth in its revenue and profit. Despite some fluctuations, the company has maintained a positive trend in terms of operating profit and net profit.
The percentage growth in net profit after tax (PAT) has also been significant, with a maximum increase of 60% in the year 2023 and a minimum increase of 10% in the year 2020. This stability and growth in the company’s financial performance makes it a good investment option. Other factors also indicate the influence of your investment decision such as PE ratio, PB ratio, EPS, 52-week high and 52-week low. Adding to the same, in April 2023, PE ratio stands at 10.6, which is low showing a good sign. PB ratio is currently 8.17, EPS stands at 57.55. The 52-week high and 52-week low is currently at 852 and 530.05 respectively.
Additionally, with the share price targets for the next seven years estimated to be in a range of ₹327.09 to ₹3,452.65, LIC India shares are likely to offer a good return on investment. In conclusion, for an investor looking for stability and steady growth, LIC India shares may be a good investment option to consider.
What did we learn?
- 1 Stock history of LIC India
- 2 Latest news about LIC India
- 3 How to buy LIC India shares?
- 4 Share Price Prediction of LIC India: 2023 to 2030
- 5 Financial Condition of LIC India: Last 5 years
- 6 LIC India share price target by Experts
- 7 FAQS
- 8 Conclusion