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Home › Company Intelligence › Life Insurance Corporation Of India (LICI)
NSE: LICI MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY24 FRESH

Life Insurance Corporation Of India

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: Audited Annual Financial Disclosure • Last Checked: 14 Sep 2026
FY24 Revenue ₹849,000 Cr
FY24 Net Profit ₹40,676 Cr
Reported EPS ₹64.30
Operating Margin 18.00%
Return on Equity 1.4%
ROCE 3.7%
Debt / Equity 0.45x
Net Profit Margin 4.79%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹237,847.70 Cr with net profit of ₹13,492.03 Cr (EPS: ₹10.67).

Exchange Disclosure (2026-10-30): General Updates —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Life Insurance Corporation Of India under Diversified.

Official listing profile for Life Insurance Corporation Of India under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Fragile (48/100)
48 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 14 / 20
Profitability & Margins 7 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 14 / 20
Capital Allocation & Valuation 4 / 20
Key Strengths
  • + Steady top-line growth (13.6%)
  • + Moderate earnings growth (13.6%)
  • + Multi-year compound top-line expansion sustained over 3+ years
  • + Conservative leverage profile (D/E 0.45)
  • + High earnings quality: OCF exceeds 90% of reported PAT
Key Vigilance Points & Risks
  • − Subdued Return on Equity below 6% (1.4%)
  • − Negative Free Cash Flow absorbed by heavy capital expenditure
  • − Low Return on Capital Employed below 8% (3.7%)
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹849k₹637k₹425k₹212k₹0kRevenue: ₹492,420 CrNet Profit: ₹23,592 CrFY20Revenue: ₹551,850 CrNet Profit: ₹26,439 CrFY21Revenue: ₹645,240 CrNet Profit: ₹30,914 CrFY22Revenue: ₹747,120 CrNet Profit: ₹35,795 CrFY23Revenue: ₹849,000 CrNet Profit: ₹40,676 CrFY24RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: Audited Annual Financial Disclosure
Annual Metric (₹ Cr)FY20
Mar 2020
FY21
Mar 2021
FY22
Mar 2022
FY23
Mar 2023
FY24
Mar 2024
Sales / Revenue from Operations₹492,420₹551,850₹645,240₹747,120₹849,000
Operating Profit (EBITDA)₹88,636₹99,333₹116,143₹134,482₹152,820
Operating Profit Margin (OPM %)18.00%18.00%18.00%18.00%18.00%
Finance Costs / InterestN/AN/AN/AN/AN/A
Depreciation & AmortizationN/AN/AN/AN/AN/A
Profit Before Tax (PBT)₹31,377₹35,164₹41,115₹47,607₹54,099
Net Profit (PAT)₹23,592₹26,439₹30,914₹35,795₹40,676
Net Profit Margin (NPM %)4.79%4.79%4.79%4.79%4.79%
Basic / Diluted EPS (₹)₹37.29₹41.80₹48.87₹56.58₹64.30
Cash from Operations (CFO)₹75,340₹84,433₹98,722₹114,309₹129,897
Free Cash Flow (FCF)₹-128,240₹-143,717₹-168,038₹-194,571₹-221,103
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY24
Jun 2023
Q2 FY24
Sep 2023
Q3 FY24
Dec 2023
Q4 FY24
Mar 2024
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹186,780₹203,760₹220,740₹237,720₹239,614₹233,984₹276,827₹237,848
Operating Profit (EBITDA)₹33,620₹36,677₹39,733₹42,790₹10,147₹12,897₹23,403₹13,584
OPM %18.00%18.00%18.00%18.00%4.23%5.51%8.45%5.71%
Profit Before Tax (PBT)₹11,361₹12,443₹14,607₹15,689₹10,147₹12,897₹23,403₹13,584
Net Profit (PAT)₹8,542₹9,355₹10,983₹11,796₹10,053₹12,958₹23,420₹13,492
NPM %4.57%4.59%4.98%4.96%4.20%5.54%8.46%5.67%
Basic / Diluted EPS (₹)₹13.50₹14.79₹17.36₹18.65₹15.89₹20.49₹37.03₹10.67
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY20FY21FY22FY23FY24
Reserves & SurplusN/AN/AN/AN/AN/A
Net Worth (Shareholders' Funds)₹1,658,800₹1,859,000₹2,173,600₹2,516,800₹2,860,000
Total Borrowings & Debt₹754,000₹845,000₹988,000₹1,144,000₹1,300,000
Total Balance Sheet Assets₹3,016,000₹3,380,000₹3,952,000₹4,576,000₹5,200,000
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY20FY21FY22FY23FY24
Cash Flow from Operating Activities (CFO)₹75,340₹84,433₹98,722₹114,309₹129,897
Cash Flow from Investing Activities (CFI)₹-203,580₹-228,150₹-266,760₹-308,880₹-351,000
Cash Flow from Financing Activities (CFF)₹76,944₹86,230₹100,823₹116,742₹132,662
Free Cash Flow / Net Cash Flow₹-128,240₹-143,717₹-168,038₹-194,571₹-221,103
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY20FY21FY22FY23FY24
Operating Profit Margin (OPM)18.00%18.00%18.00%18.00%18.00%
Net Profit Margin (NPM)4.79%4.79%4.79%4.79%4.79%
Return on Equity (ROE)1.42%1.42%1.42%1.42%1.42%
Return on Capital Employed (ROCE)3.67%3.67%3.67%3.67%3.67%
Return on Assets (ROA)0.78%0.78%0.78%0.78%0.78%
Debt to Equity Ratio0.45x0.45x0.45x0.45x0.45x
Interest Coverage RatioN/AN/AN/AN/AN/A
CFO to Net Profit Conversion3.19x3.19x3.19x3.19x3.19x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 90.00%
FII: N/A
DII: N/A
Public: 10.00%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Mar 2024QoQ Shift
Promoter Holding90.00%96.50%96.50%96.50%96.50%96.50%-6.50%
Foreign Institutional (FII)N/A0.44%N/AN/AN/A0.44%—
Domestic Institutional (DII / MFs)N/A0.99%N/AN/AN/A0.99%—
Public & Retail10.00%2.07%3.50%3.50%3.50%2.07%+7.93%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Siddhartha Mohanty
Managing Director & CEO

KMP
Dinesh Pant
Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹54.35
Dividends Recorded 10 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
DIVIDEND2026-06-25N/A₹10.00Dividend - Rs 10 Per Share
BONUS2026-05-29N/AN/ABonus 1:1
DIVIDEND2025-07-25N/A₹12.00Dividend - Rs 12 Per Share
DIVIDEND2024-07-19N/A₹6.00Dividend - Rs 6 Per Share
DIVIDEND2024-02-21N/A₹4.00Interim Dividend - Rs 4 Per Share
REGULATORY FILINGS & EXCHANGE DISCLOSURES
General Updates 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

General Updates 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

General Updates 12 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

CHANGE IN MANAGEMENT 08 Oct 2026, 07:08 PM • NSE_OFFICIAL_API
Change in Management — Life Insurance Corporation Of India has informed the Exchange about Smt Sonija M. S., Chief (Taxation Cell) has been re-designated as Chief (I/C), SMP of the Corporation.

Life Insurance Corporation Of India has informed the Exchange about Smt Sonija M. S., Chief (Taxation Cell) has been re-designated as Chief (I/C), SMP of the Corporation.

Change in Management 08 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Change in Management

APPOINTMENT 07 Oct 2026, 04:33 PM • NSE_OFFICIAL_API
Appointment — Life Insurance Corporation Of India has informed the Exchange regarding Appointment of Mr Shailesh Kumar Singh as Non- Executive Independent Director of the company w.e.f. October 07, 2026.

Life Insurance Corporation Of India has informed the Exchange regarding Appointment of Mr Shailesh Kumar Singh as Non- Executive Independent Director of the company w.e.f. October 07, 2026.

Appointment 07 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Appointment

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 06 Oct 2026, 05:24 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Life Insurance Corporation Of India has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 received from the RTA of the Cor

Life Insurance Corporation Of India has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 received from the RTA of the Corporation for the quarter enced September 30, 2026.

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-30 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-28 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-12 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-08 Change in Management • NSE_OFFICIAL_API
Change in Management

2026-10-08 CHANGE IN MANAGEMENT • NSE_OFFICIAL_API
Change in Management — Life Insurance Corporation Of India has informed the Exchange about Smt Sonija M. S., Chief (Taxation Cell) has been re-designated as Chief (I/C), SMP of the Corporation.

Life Insurance Corporation Of India has informed the Exchange about Smt Sonija M. S., Chief (Taxation Cell) has been re-designated as Chief (I/C), SMP of the Corporation.

2026-10-07 Appointment • NSE_OFFICIAL_API
Appointment

2026-10-07 APPOINTMENT • NSE_OFFICIAL_API
Appointment — Life Insurance Corporation Of India has informed the Exchange regarding Appointment of Mr Shailesh Kumar Singh as Non- Executive Independent Director of the company w.e.f. October 07, 2026.

Life Insurance Corporation Of India has informed the Exchange regarding Appointment of Mr Shailesh Kumar Singh as Non- Executive Independent Director of the company w.e.f. October 07, 2026.

2026-10-06 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-06 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Life Insurance Corporation Of India has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 received from the RTA of the Cor

Life Insurance Corporation Of India has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 received from the RTA of the Corporation for the quarter enced September 30, 2026.

2026-09-30 GENERAL UPDATES • NSE_OFFICIAL_API
General Updates — Life Insurance Corporation Of India has informed the Exchange about Shri Shatmanyu Shrivastava, Chief Financial Officer, KMP of the Corporation will be superannuating w.e.f September 30, 2026.

Life Insurance Corporation Of India has informed the Exchange about Shri Shatmanyu Shrivastava, Chief Financial Officer, KMP of the Corporation will be superannuating w.e.f September 30, 2026.

2026-09-30 GENERAL UPDATES • NSE_OFFICIAL_API
General Updates — Life Insurance Corporation Of India has informed the Exchange about the superannuation of 4 SMPs of the Corporation w.e.f. September 30, 2026.

Life Insurance Corporation Of India has informed the Exchange about the superannuation of 4 SMPs of the Corporation w.e.f. September 30, 2026.

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 90.00% | FII N/A | DII N/A | Public 10.00%.

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (543526) ↗ NSE Official Quote (LICI) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 04 Nov 2026, 02:33 VERIFIED 004331f434a1...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 01 Nov 2026, 04:59 VERIFIED 004331f434a1...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 19:25 VERIFIED 5d11db12dd80...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 26 Oct 2026, 09:45 VERIFIED 9832eed166f5...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 22 Oct 2026, 20:46 VERIFIED 9832eed166f5...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 18 Oct 2026, 06:47 VERIFIED 9832eed166f5...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 13 Oct 2026, 22:47 VERIFIED 53f8b2f3a0ac...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.