LIC (Life Insurance Corporation of India) IPO was one of the biggest IPOs of 2020 but the IPO failed very badly as the stock started falling just after listing in the NSE and BSE and reached a low of Rs. 530. From, the low, the stock is continuously going up and recently the stock crossed its all-time high. Analysts are very bullish on the stock, if you are also an investor in the stock then you should know LICI’s share price target for 2024, 2025, and 2026 prediction.
In the last 1 year, the stock has given nearly 75% return, and from November 2023 the stock has given approx 100 return as of now. LIC stock is still very bullish in the short term. From the last year, the LICI stock has continuously grown and shown no reversal sign in the chart pattern on the higher time frame. We are bullish on the stock until it shows any reversal sign on the higher timeframe.
The rally in the stock was not only because the Indian market was very bullish. It is because the LICI compnay has shown a good profit or a very huge profit in the year 2023. Before the year 2023, its net profit was in the range of Rs. 2000 Crore to Rs. 5000 Crore but in 2023 the compnay has shown a profit of Rs. 35,997 Crore which is 8X to 10X from the profits of the last few years.
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About LIC
LIC (Life Insurance Corporation of India) In an Indian company. The company was founded in 1956 and as of now, its managing director is Shri. Siddhartha Mohanty.
LIC is involved in the insurance business, the company provides many types of insurance plans in India and other countries too. Not only insurance plans they also have a few more plans like pension plans, unit linked plans, micro insurance plans, and withdrawn plans. In the insurance plans they offer endowment plans, whole life plans, money-back plans, and term assurance plans.
In short, they have many types of plans and some group schemes you can check on their official website in detail.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the LIC (Life Insurance Corporation of India) company were last updated on 16 Feb 2024. Check the latest information on any broker website or screener.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹2,627 |
| March 2020 | ₹2,710 |
| March 2021 | ₹2,974 |
| March 2022 | ₹4,125 |
| March 2023 | ₹35,997 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹6,349 |
| Mar 2023 | ₹13,191 |
| Jun 2023 | ₹9,635 |
| Sep 2023 | ₹8,030 |
| Dec 2023 | ₹9,469 |
Company Fundamentals
| Market Cap | ₹6,67,540Cr | ROE | 0.00% |
| P/E Ratio (TTM) | 16.55 | EPS (TTM) | 63.76 |
| P/B Ratio | 10.76 | Div Yield | 0.28% |
| Industry P/E | 19.80 | Book Value | 98.10 |
| Debt to Equity | 0.00 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 0.08% | 0.10% | 0.06% |
| DIIs | 0.83% | 0.84% | 1.00% |
| Public | 2.58% | 2.55% | 2.43% |
| Promoters | 96.50% | 96.50% | 96.50% |
| Other Holders | 0.0% | 0.0% | 0.0 % |
Key Points
- LICI is a profitable compnay, in 2023 the compnay made a net profit of Rs. 35,997 Crore which is approx 800% to 900% higher than the last few previous years’ net profits.
- In the LICI stock, the promoter holdings are very strong or high i.e. 96.50%.
- The Aanylysts are bullish on the LICI stock for the long term like 1 to 2 years from the level.
- The PE of the compnay is near its medium PE i.e. 16.3. which suggests the stock is not very expensive as of now.
Quarterly Results
In the Dec 2023 quarter, the compnay made a net profit of Rs. 9,469 Crore which is much higher than its previous quarter Sep 2023. In the last quarter i.e. Sep 2023, the net profit was Rs. 8,030 Crore.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
LIC Share Price Target
For the investing purpose, the LICI is a good stock and has the potential to give more return in the upcoming years. But there are also a lot of private companies that are also involved in the same work and provide good services as well.
So, In a few words, for the LICI it is going to be very hard for the LIC to fight with these giants in the future for the long term. So, you should invest in the stock only when you have a good understanding of the LIC industry and all the major players in the industry.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
LIC share price target 2024
Again we are and many investors are bullish on the stock and you can see its result that the stock has given almost 75% return in just a year. The return was expected as the LIC is one of the biggest compnay in the Industry.
If you want to invest in the stock for the short term, then it can be very risky as people can book their profits from the stock very aggressively. As a result, we may see a 10% to 15% fall in the stock in the short term.
So, for now, we have no targets in the short term but you can take the trade if you understand how the price action works and you implement it on the chart.
LIC share price target 2025 and 2026
From the last few years, the net profit and other data become stronger of the LICI compnay and made a very huge profit in 2023.
As of now the PE Ratio of the LICI stock is moving up with the stock price. The current PE Ratio is near 17.4 which is above then its average medium PE. The time-high PE of the stock was near 125 when the stock was just listed in the market.
EPS (earning per share) is the most important key that helps to understand the profit and loss of the compnay. In March 2022 the EPS of the LICI was near 6.39 but after a year in March 2023, the EPS is 57.55. It is very huge up in just 1 year.
Not only EPS but also other things like sales is also increased of the compnay. In March 2023, the sales of the compnay were nearly 781,543 which is higher than the last 7 to 8 years.
All the fundamentals suggest that it is a good stock. But you should not make positions in the stock because it is trading near its all-time high. But if you already have its stocks then you should hold it for a long time to make a huge profit or return from the stock.
FAQs
Investing in LIC can be a good idea as of now. The stock is already down from its all-time high and the experts suggesting a buy for the long term in the stock. Also, do your analysis before investing in LIC as there are also many companies.
The revenue growth of the LIC company over the last 5 years has been increasing. Most probably it will keep rising in the upcoming years too. You can check the revenue growth and the quarterly results of the LIC at the top side of the post.
According to the current situation, the stock looks very bullish. The LIC share price target for 2025 can be very high and most probably it should go near its all-time high or it can also create a new all-time high.
Final Words: I hope you know they’re only 3.5 – 4.5% of people have life insurance in India and it is a very small number. As awareness and people’s income will increase the number will also increase in the upcoming few years. So, investing in Life insurance stocks can be very profitable in the long term. We hope you learned something from the LIC share price target for 2024, 2025, and 2026 post.