LIC or Life Insurance Corporation of India is the largest company in the insurance sector in India. Over the past few months, LIC stock has been looking very bullish, and seems it may make a fresh all-time high soon. Not only technical analysis but analysts’ ratings are also positive or bullish on the LIC share price target for 2024, 2025, and 2026.
Over the years, the insurance sector has been the top choice of investors and most probably be in the future. As per reports, only a few percent of people have insurance in India which is less compared to other countries like the USA. That’s why in the life Insurance sector, there is still a huge investment opportunity.
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About LIC
LIC is also known as the Life Insurance Corporation of India. LIC is considered the largest company in the life insurance sector. The company has a strong base of customers and it is well popular all over the world. The company was founded in 1956.
The core business of the LIC is life insurance but it is also involved in the other companies too. The company has a market share of more than 66% in the insurance industry. The company provides various types of insurance plans and products based on people’s needs. Below are some types of life insurance that are very popular.
- Child Plans
- Term Insurance
- Whole Life Plans
- Retirement Plans
- Endowment Plans
- Money Back Plans
- Unit Linked Insurance Plans
Other Business of the LIC
- Annuity Plans
- Pension Plans
- Health Insurance
- Investment Plans
- Loan Against Policy
LIC’s Scrip Info
| NSE | LICI |
| BSE | 543526 |
| ISIN | INE0J1Y01017 |
| SECTOR | INSURANCE |
Company Analysis
Below you’ll find Life Insurance Corporation of India’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹9,634 |
| Sep 2023 | ₹8,032 |
| Dec 2023 | ₹9,434 |
| Mar 2024 | ₹13,784 |
| Jun 2024 | ₹10,527 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹2,710 |
| Mar 2021 | ₹2,974 |
| Mar 2022 | ₹4,125 |
| Mar 2023 | ₹35,997 |
| Mar 2024 | ₹40,885 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹6,80,317Cr | ROE | 49.45% |
| P/E Ratio (TTM) | 16.26 | EPS (TTM) | 66.13 |
| P/B Ratio | 8.20 | Div. Yield | 0.93% |
| Industry PE | 19.72 | Book Value | 131.13 |
| Debt to Equity | 0.00 | Face Value | 10 |
| Held By | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| FIIs | 0.06% | 0.14% | 0.19% |
| DIIs | 1.00% | 0.85% | 0.94% |
| Public | 2.43% | 2.49% | 2.37% |
| Promoters | 96.50% | 96.50% | 96.50% |
| Other Holders | 0.00% | 0.00% | 0.00% |
Key Insights
- Earnings are improving.
- Zero debt on the LIC company.
- LIC company with 0 promoter pledge.
- LIC company is making profits consistent.
- Maximum share owned by the promoters.
- The largest company in the insurance sector.
- In the recent quarterly results, earnings have improved.
- Have a market share of more than 66% in the insurance sector.
Quarterly Result – June 2024
The quarter was not good for the company as the sales, net profit, and profit before tax declined significantly compared to its previous quarterly result.
In the quarter, LIC’s profit before tax was Rs. 10,774, and its net profit was Rs. 10,527 Crore. In the March 2024 quarter, profit before tax was Rs. 14,500 Crore and net profit was Rs. 13,784 Crore.
LIC Share Price Target
In the last 1.5 years, Life Insurance Corporation Of India (LIC) stock has gained more than 90%. The stock is again becoming very bullish and trading at Rs. 1069 close to its all-time high as of 23 August 2024. It seems like soon the LIC stock share price target for 2024, 2025, and 2026 may create a new all-time high from this level.
Behind the huge return of the stock is increasing profits, number of sales, EPS, etc. In the last 2 years, the LIC company has shown massive growth in its revenue and sales. As per experts, in the upcoming years, the insurance sector may give massive returns to its investors.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹1280 | ₹1300 |
| 2025 | ₹1400 | ₹1500 |
| 2026 | ₹1700 | ₹2000 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
LIC Share Price Target 2024
Over the past few months, LIC stock has been bullish, and as we already mentioned above that the soon the stock may break its all-time high or go near it. Currently, it is trading at approximately 15% to 18% down from its all-time high.
Not only technicals but analysts and brokers are also rating “buy” the LIC stock for the short term, as per the given LIC share price target for 2024 by brokers that stock may surge up to 17% from the current market price. It is a good return in the short term.
In 2024, you can expect an LIC share price target from Rs. 1280 to Rs. 1300. If you plan to take the opportunity for a short-term investment or swing trade then make sure you put a stop loss as well.
LIC Share Price Target 2025
With time people are becoming aware of the importance of insurance in life. As a result, the number of insurance holders in India is increasing but very slowly.
Insurance stocks are one of the top picks of investors as the insurance sector has a huge potential to give a massive return in the long term.
As of now, the stock is very bullish and likely to break its all-time high soon. But in case, the stock falls from the level then most probably it may take a few more months or may cross its all-time in 2025.
That’s why the LIC share price target of 2025 is almost close to the year 2024. In the next year, the stock can trade near Rs. 1400 to Rs. 1500. We are bullish because there is no problem in the financials of the company as of now but in case of a fall in its earnings, we will update the target as well.
LIC Share Price Target 2026
As per some news and reports the Indian insurance sector is growing by more than 32% to 34% each year. If the insurance sector grows with the rate then most probably in the next few years we can expect a multi-bagger return from the insurance sector stocks.
Currently, there are only 3.76% (2.82 life insurance and the rest nonlife insurance) holders in India. It’s a small number compared to the other top countries. It is the most attractive number as with time the number will grow rapidly.
So, for long-term investments, the insurance sector is one of the best sectors. Now you want to invest in LIC or any other stock it’s your choice. But investing in the sector can make you rich. For the 2 to 3 years, it is hard to give any target for you can expect a target of Rs. 1700 to Rs. 2000.
LIC’s Forecast & Ratings
Approx 70% of analysts are bullish on the stock and give a buy target and the rest are asking the investors to hold the stock. As we already mentioned the stock is bullish as per technical analysis.
In the last May 2024, Motilal Oswal was given a buy rating with a target of Rs. 1270 and at that time the stock was treading near Rs. 1067. Still, there is an opportunity available in the stock.
- LIC Stock is trading at Rs. 1067 (as of 23 July 2024)
- Minimum estimated share price target: Rs. 790
- Average estimated share price target: Rs. 1135
- Maximum estimated share price target: Rs. 1300
FAQs
Currently, brokers and analysts are bullish on the LIC stock as its profits are improving, sales are increasing, and other important fundamental points are also improving.
The insurance sector is also growing each year by more than 30%. It’s a good sign that’s why the brokers and analysts are bullish on the stock.
We shared the average estimated share price target of LIC stock above. It may help you in analyzing the stock.
From the last few weeks, LIC stock has been bullish and going up. The technical analysis and indicators also suggest a bullishness in the stock.
If you are one of those investors or traders who want to make a profit in the short term then most probably you will like the stock as the brokers and analysts are also bullish.
As per brokers and analysts’ given target, you can see the stock going near Rs. 1300 in the short term i.e. 2024 to 2025.
Currently, there are only 3.76% (2.82 life insurance and the rest nonlife insurance) holders in India. The percentage of insurance holders in India is much less as compared to other countries like the USA.
The number of insurance holders in India is increasing as people understand the importance of life insurance and health insurance. In the next 4 to 5 years the number of insurance holders can more than double which means the insurance companies’ profit and sales will also increase. So, the insurance sector stocks will give good profits in the long term.
Final Words
LIC (Life Insurance Corporation of India) has the highest market share in the insurance sector. As per some reports, LIC has more than 66% market share in the Indian insurance sector. Currently, brokers and analysts are bullish on the LIC share price target for 2024, 2025, and 2026. The insurance sector is one of the top picks of long-term investors as the sector may deliver massive returns in the next 4 to 5 years.