LIC India Share Price Target for 2024, 2025, 2030, and 2040
LIC India Share Price Target: This article will discuss LIC India’s share price target for the upcoming years. We will analyze the estimated stock price of the company so that you can make better decisions about investing in it. Before we dive into the company’s share price predictions, let’s first understand the company’s background, financials, technical fundamentals, etc.
LIC India Limited: An Overview
LIC stands for Life Insurance Corporation of India. It started its operations as a corporate firm after the LIC Act came into effect in July 1956. LIC of India was formed by merging 154 life insurance companies, 16 foreign companies, and 75 provident companies. It is one of the largest financial institutions in India. It has an asset value of over 2,529,390 crore.
| Company name | LIC India Limited |
| Industry | Insurance |
| Founded | 1956 |
| Country | India |
| Official website | https://licindia.in/ |
Key Metrics
| Market Cap (₹) | 4,14,413 Crore |
| Sectoral Market Cap Rank | 1 |
| PE Ratio (x) | 8.77 |
| Price to Book Ratio (x) | 8.85 |
| EPS – TTM (₹) | 74.35 |
| Dividend Yield (%) | 0.46 |
| Stock – 52 Week High & Low (₹) | 754.25 / 530.05 |
Highlights of the LIC India Limited share price forecast are shown in the table below.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2023 | – | ₹ 660 |
| 2024 | ₹ 660 | ₹ 690 |
| 2025 | ₹ 680 | ₹ 740 |
| 2026 | ₹ 720 | ₹ 770 |
| 2027 | ₹ 760 | ₹ 800 |
| 2028 | ₹ 800 | ₹ 880 |
| 2029 | ₹ 860 | ₹ 950 |
| 2030 | ₹ 950 | ₹ 1,050 |
| 2040 | ₹ 2,250 | ₹ 2,500 |
Important Note: These price predictions of “LIC India Limited” are only for reference purposes only, short-term and long-term LIC India stock price predictions may be different due to the other analyzed time series. This prediction is only if there are positive market sentiments, and this analysis does not cover any uncertainties in the company or global market condition.
Future Growth of LIC India Limited
Earnings and Revenue Growth Forecasts of the Company
As per our growth forecast, LIC India Limited’s earnings are expected to decline by -6.10% per year, and revenue is expected to grow by 7.80% per year. EPS is expected to decline by 17.80% per year.
Key Information
| Forecasted Earnings Growth Rate | -6.10% |
| Forecasted Insurance Industries Earnings Growth Rate | 7.20% |
| Forecasted EPS Growth Rate | -17.80% |
| Forecasted Revenue Growth Rate | 7.80% |
| Forecasted Return on Equity | 39.90% |
❎ High Growth Revenue: The company’s revenue is forecast to grow at a rate of 7.80% per year, which is less than 20% per year. A 20% growth rate is considered high.
❎ The estimated ROE would be 39.90%, which is less than in the previous year.
Past Performance of LIC India Limited
Earnings and Revenue History of the Company
✅ When we analyze the past earnings and revenue of LIC India Limited, the earnings growth rate of the company last year was 772.71%. The company’s revenue growth rate was 8.30% per annum, and the current net profit margin stood at 4.58%, which is more than the previous year’s (0.56%).
Key Information
| Earnings Growth Rate | 772.71% |
| EPS Growth Rate | 772.85% |
| Revenue Growth Rate | 8.30% |
| Return on Equity | 77.85% |
Past earnings growth analysis of the company
✅ Earnings Trend: When we analyze the earnings trend of the last 4 years, we find that the earnings of the company have grown by an average of 25% per annum.
❎ Rapid Growth: When we look at last year’s earnings the company, has grown by 772.71%,
Return on Equity (ROE)
✅ LIC India’s return on equity was 77.85%.
Return on Assets (ROA)
✅ The company had a ROA of 0.78%.
Return on Capital Employed (ROCE)
✅ Last year, the company had an ROCE of 0.87%.
(All figures are from the consolidated statement)
The Financial Health of LIC India Limited
The financial position of the company
❎ Short-term liabilities: The short-term assets of LIC India Limited are less than its short-term liabilities.
✅ Long-term liabilities: The short-term assets of LIC India Limited exceed its long-term liabilities.
Debt analysis
✅ Debt Level: The company is debt-free.
LIC India Limited’s stock forecast for the upcoming years
LIC India Share Price Target for 2023
There has been a continuous decline in the share price of LIC since the listing. Even though the company’s earnings have definitely improved, there is still no chance of the stock being recovered. If we talk about the price of the stock until this year, then it can go up to a maximum of ₹ 660.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2023 | – | ₹ 660 |
LIC India Share Price Target for 2024
According to Jefferies, LIC’s new premium market share has declined from 69% to 61% since 2015, while its retail annual premium equivalent (APE) market share has declined from 51% to 38% over the same period.
As per our forecast, the stock price of the company for this year can be between ₹ 660 and ₹ 690. However, one must be careful and alert enough to constantly keep an eye on the growing market trends.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | ₹ 660 | ₹ 690 |
LIC India Share Price Target for 2025
If we analyze the working pattern of LIC it is heavily dependent on its agents, which account for 96% of the company’s new business premiums (NBP) in the individual product category, according to Motilal Oswal. The brokerage company added that a LIC agent’s average NBP generation was over three times the average median NBP generated by an agent of the other top five players in India.
In 2025, the stock will see an increase, but not by much. As per our forecast, the stock may touch a maximum of ₹ 740 this year.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2025 | ₹ 680 | ₹ 740 |
LIC India Share Price Target for 2026
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2026 | ₹ 720 | ₹ 770 |
LIC India Share Price Target for 2027
Technology plays an important role in any business. The growth of a business depends on the products and services it develops and provides to its customers. LIC India Limited is continuously investing in new technology. The company is now using various online platforms to sell its policies and reach out to customers directly. The estimated minimum share price by this year could be ₹ 760 and the maximum ₹ 800.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2027 | ₹ 760 | ₹ 800 |
LIC India Share Price Target for 2028
For this year the share price can be between ₹ 800 to ₹ 880. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market conditions are not covered in this analysis.
However, before responding to these recommendations for any stock, you must do your own research and analysis. Trading and investing involve a significant level of risk, so consult a financial expert before making any decisions.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2028 | ₹ 800 | ₹ 880 |
LIC India Share Price Target for 2029
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2029 | ₹ 860 | ₹ 950 |
LIC India Share Price Target for 2030
As per our expert’s prediction for this year, the minimum share price will be ₹ 950 and the maximum ₹ 1,050. However, you may do your own research and analysis before investing.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2030 | ₹ 950 | ₹ 1,050 |
LIC India Share Price Target for 2040
The company’s strategic priorities, governance agenda, and holistic approach to business are aligned to make this a reality that will take the company to new heights in the years to come. If we look at the stock prediction of the company till 2040, then it can go up to ₹ 2,500.
However, one must be careful and vigilant to keep a constant eye on the growing trends of the market. If you are careful enough, you can earn more than what you invest in these stocks.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2040 | ₹ 2,250 | ₹ 2,500 |
Recommendations: Invest in LIC India Limited stock or sell it?
As you can see in our forecasted stock analysis, there is going to be a slight positive trend in LIC India shares in the coming years, but it is not enough to make good money.
