LIC Share Price Target 2024, 2025, 2026 to 2030 (updated after Q3 results)

In this article, we delve into a comprehensive analysis of LIC (Life Insurance Corporation of India) share price targets for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

Q3 Results – Net profit jumps 49% YoY

In the Q3 (Dec 23) of FY2024, the Life Insurance Corporation of India (LIC) saw its profits jump by ₹3,299 crore, a whopping 49% increase compared to the same time(Dec 22) last year. The total profit reached ₹9,444 crore, up from ₹6,334 crore in the previous year’s December quarter.

About

The Life Insurance Corporation (LIC) holds the title of being India’s largest insurance provider, commanding a market share exceeding 66.2% in new business premium. Its diverse range of offerings includes participating and non-participating insurance products. These encompass unit-linked insurance, savings plans, term policies, health coverage, and annuity and pension schemes

Founded	01 September, 1956
NSE Sybmol	LICI
Listing Date	May 17, 2022
Listing Price	₹867.20
Chairman	Siddharth Mohanty
Sector	Insurance
Headquarters	New Delhi
Official Website	licindia.in

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Financial Details

As of February 8, 2024, the company boasts a substantial market capitalization of ₹6,98,702 crore. Its stock price-to-earnings ratio stands at 18.8, indicating a favorable valuation in the market.

With an impressive return on capital employed (ROCE) of 149% and a robust return on equity (ROE) of 130%, the company efficiently utilizes its resources to generate profits for its shareholders.

Remarkably, the company operates with no debt, reflecting a strong financial position.

Ownership is primarily held by the Government of India, with a significant stake of 96.50%, followed by a modest holding by Domestic Institutional Investors (DII) at 1.00%, and Public Holdings at 2.43%.

Earnings per share (EPS) is reported at ₹58.9, accompanied by remarkable profit growth of 93.5%. Although sales growth is relatively moderate at 2.42%, the company’s solid financial metrics and government backing position it as a stable and lucrative investment opportunity.

Parameter	Value
Market Cap	₹6,98,702 Cr
Stock P/E	18.8
ROCE	149%
ROE	130%
Debt to equity	0.00
Debt	₹0.00 Cr
Govt Of India	96.50%
DII Holding	1.00%
Public Holdings	2.43%
EPS	₹58.9
Profit Growth	93.5%
Sales Growth	2.42%

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Financial Statement

As of February 8, 2024, the company has shown a consistent growth trajectory in its net sales over the past three years.

In 2023, net sales reached ₹781,543 crores, representing an upward trend from ₹720,515 crores in 2022 and ₹681,605 crores in 2021. Despite this promising revenue increase, expenses have also surged over the same period.

In 2023, expenses climbed to ₹747,039 crores, reflecting an upward movement from ₹708,925 crores in 2022 and ₹670,921 crores in 2021.

However, amidst these rising expenses, the company has managed to maintain a healthy profit after tax.

In 2023, the profit after tax stood impressively at ₹36,397 crores, demonstrating a significant improvement compared to the previous years’ figures of ₹4,043 crores in 2022 and ₹2,901 crores in 2021.

This consistent growth in profit indicates the company’s ability to effectively manage its expenses while driving revenue growth, showcasing its resilience and profitability in the market.

Particulars	2023	2022	2021
Net Sales	781,543	720,515	681,605
Expenses	747,039	708,925	670,921
Profit After Tax	36,397	4,043	2,901

as of 08 Feb 2024 (₹ amount in crores)

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Year	Min Target	Max Target
LIC Share Price Target 2024	₹1,291	₹1,498
LIC Share Price Target 2025	₹1,882	₹2,041
LIC Share Price Target 2026	₹2,348	₹2,748
LIC Share Price Target 2027	₹2,941	₹3,156
LIC Share Price Target 2028	₹3,458	₹3,722
LIC Share Price Target 2029	₹3,938	₹4,302
LIC Share Price Target 2030	₹4,549	₹5,212

as of 08 Feb 24

As of February 8, 2024, the company’s anticipated performance targets unveil a promising trajectory over the upcoming years.

In 2024, the projected range spans from ₹1,291 to ₹1,498, indicative of expected growth in value.

Progressing forward, 2025 forecasts a target range of ₹1,882 to ₹2,041, followed by ₹2,348 to ₹2,748 in 2026.

The upward trend continues, with targets ranging from ₹2,941 to ₹3,156 in 2027, and ₹3,458 to ₹3,722 in 2028.

Looking further ahead, the estimated targets for 2029 and 2030 stand at ₹3,938 to ₹4,302 and ₹4,549 to ₹5,212, respectively.

These projections offer insight into the company’s envisioned growth trajectory and value creation over the specified time frame.

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Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.