LIC Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

LIC India is frequently alluded to as Life Insurance Corporation for India since it is an insurance agency in India that arrangements with helps or help concerning life issues. When it was taken over by the express the royal organization was nationalized in 1956. It was recently known as the Oriental Life coverage Organization, laid out in Kolkata by Bipin Das Gupta 1818. More than 60% of this kind of insurance contract has a place with them. The Extra security Organization deals with 2048 Flying Crew Branch, 870 Bo Divisional Office, and 1,554 Satellite Workplaces.

LIC Share Price Target 2024-2030

Life Insurance Corporation of India (LIC ) is a market leader in insurance in India that gives life insurance services. LIC has a piece of the pie of more than 66.2 % in new premium. The Organization furnishes with taking part insurance items and non-taking an interest items which incorporate ULP, saving plans term plans wellbeing plans as well as annuity and retirement items. Confidential guarantors are keeping LIC honest as LIC registers poor new strategy development, subsequently losing piece of the pie to private insurance players.

LIC Share Price Target Today Update

Putting resources into stocks requires informed decisions put together absolutely with respect to careful examination and expert assessment. In the event that you’re thinking about LIC stocks, you are in the appropriate region. This weblog will offer extraordinary bits of knowledge into the LIC rate expense focus from 2024 to 2030. Our evaluation depends absolutely on the endeavor’s blast, normal generally execution, and fate prospects, guaranteeing you have the records you need to make a legitimate funding selection.

LIC Latest News

• LIC Share Price Today has expanded again by 3.84% to the Rs 900 for each offer imprint from the past close at Rs 866 on Wednesday. This expansion in LIC Share Prices has been coming after a nonstop defeat of the
• LICI NSE Stock since it crested on February 8th, 2024, arriving at Rs 1105 for every offer.
  Over the news reports of a 16% compensation climb for the workers of the Life Insurance
• Corporation Limited, the share price of LIC fell 2% further down on the Stock Trade. LIC Offer Cost has fallen by 23% since February 16th, 2024.
• LIC India has as of late gotten an enormous amount of Rs 21,740 crores from the Personal Expense Division on February 16th, 2024. This is one of the greatest assessment discounts got by the LIC.

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What Is LIC Limited?

LIC Limited, or Insurance Corporation of India, is a country possessed inclusion company and financing business undertaking association claimed through the utilization of the Public authority of India. Laid out in 1956, LIC is the most fundamental insurance modern association business in India and a critical member in the financial administrations area.

LIC Business Profile

LIC, possessed by Legislature of India, will be India’s largest life insurance company with a past filled with more than 65 years and a 61.6% piece of the pie as far as expenses, 61.4% in New Business Superior, 71.8% in various individual strategies gave, 88.8% in various gathering approaches gave for 9MFY2022.

• History: The merger and nationalization of 245 private life insurance companies in India on September 1, 1956, prompted the foundation of LIC. Before 2000, India’s domestic life insurance sector was overwhelmed by LIC which among others prompted its characterization as a Homegrown Fundamentally Significant Safety net provider (D-SII) by the IRDAI.
• Product: The product range of LIC covers many segments, it is all around broadened, and there are different individual and gathering items in the item blend. In India, the organization had 32 single premium approaches as at Walk 31, 2017; it included seven individual choices. There were additionally 11 different sorts of gathering based inclusion.
• Distribution Network: LIC holds the greatest individual specialist framework between life  insurance in India. Toward the finish of December 2021, there were around 1.33 million individual specialists. In India, there are likewise 2048 workplaces and 1559 branch workplaces. This covers 91% of the multitude of locale in India.

LIC Fundamentals & Quarterly Results

Market Cap	₹ 6,34,903 Cr.
Current Price	₹ 1,004
High / Low	₹ 1,175 / 595
Stock P/E	15.7
Book Value	₹ 131
Dividend Yield	0.97 %
ROCE	66.4 %
ROE	63.4 %
Face Value	₹ 10.0
Debt to Equity	0.00
Debt Capacity	8.14
Debt Preceding Year	₹ 0.00 Cr.
Debt	₹ 8.67 Cr.
Reserves	₹ 76,422 Cr.
EPS	₹ 64.7
EPS Last Year	₹ 64.7
Pledged Percentage	0.00 %
FCF Prev Ann	₹ 53,976 Cr.
EV/EBITDA	13.8
Industry PE	42.2
PEG Ratio	0.21
Piotroski Score	6.00
Earnings Yield	7.21 %
Sales Growth (5 Years)	8.18 %

LIC Quarterly Results

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales +	212,098	168,799	217,092	197,714	201,231	190,163	203,033	214,054	238,968
Expenses +	213,222	168,360	202,366	194,094	189,692	180,169	194,558	204,815	238,657
Operating Profit	-1,124	439	14,727	3,620	11,539	9,994	8,475	9,239	312
OPM %	-1%	0%	7%	2%	6%	5%	4%	4%	0%
Other Income +	3,503	992	6,046	270	612	117	288	206	14,249
Interest	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0
Profit before tax	2,379	1,431	20,772	3,891	12,151	10,111	8,763	9,445	14,560
Tax %	-1%	103%	26%	-63%	8%	14%	13%	15%	14%
Net Profit +	2,409	608	15,858	7,306	13,189	9,634	8,032	9,434	13,784
EPS in Rs	3.81	0.95	25.07	11.56	20.86	15.23	12.70	14.97	21.79

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CAGR Report

	10 Years	5 Years	3 Years	TTM
Compounded Sales Growth	%	8%	7%	8%
Compounded Profit Growth	%	73%	140%	14%
Stock Price CAGR	%	%	%	68%
Return on Equity	%	81%	79%	63%

LIC Shareholding Pattern

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters +	96.50%	96.50%	96.50%	96.50%	96.50%	96.50%	96.50%
FIIs +	0.18%	0.17%	0.08%	0.08%	0.10%	0.06%	0.14%
DIIs +	0.91%	0.91%	0.90%	0.83%	0.84%	1.00%	0.85%
Public +	2.42%	2.42%	2.52%	2.58%	2.55%	2.43%	2.49%
No. of Shareholders	36,03,679	34,42,340	33,78,799	32,81,544	31,34,541	29,36,740	27,16,181

LIC Share Price Target 2024-2030 Forecast

Year	Share Price Target
2024	₹1,645
2025	₹2,532
2026	₹3,418
2027	₹4,305
2028	₹5,188
2029	₹5659
2030	₹6200

LIC Share Price Target 2025

Month	Share Price Target
January	₹1,719
February	₹1,786
March	₹1,863
April	₹1,936
May	₹2,007
June	₹2,085
July	₹2,159
August	₹2,228
September	₹2,308
October	₹2,382
November	₹2,450
December	₹2,532

LIC Share Price Target 2026

Month	Share Price Target
January	₹2,604
February	₹2,672
March	₹2,751
April	₹2,822
May	₹2,893
June	₹2,972
July	₹3,046
August	₹3,121
September	₹3,195
October	₹3,267
November	₹3,342
December	₹3,418

LIC Share Price Target 2027

Month	Share Price Target
January	₹3,487
February	₹3,555
March	₹3,638
April	₹3,709
May	₹3,785
June	₹3,858
July	₹3,929
August	₹4,010
September	₹4,080
October	₹4,151
November	₹4,231
December	₹4,305

LIC Share Price Target 2028

Month	Share Price Target
January	₹4,380
February	₹4,453
March	₹4,526
April	₹4,593
May	₹4,676
June	₹4,747
July	₹4,823
August	₹4,897
September	₹4,967
October	₹5,047
November	₹5,118
December	₹5,188

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LIC Share Price Target 2029

Month	Share Price Target
January	5211
February	5279
March	5293
April	5311
May	5339
June	5361
July	5396
August	5409
September	5498
October	5540
November	5600
December	5659

LIC Share Price Target 2030

Month	Share Price Target
January	5700
February	5761
March	5801
April	5871
May	5911
June	5963
July	6014
August	6054
September	6090
October	6139
November	6162
December	6200

Points Before Investing in LIC Stock

• LIC India is a state-possessed insurance corporation with a piece of the pie of 58%. LICI NSE Stock has been a star entertainer on the Public Stock Trade bouncing over 75% from Rs 608 for every offer on November 22nd, 2023 to Rs 1,175 on February eighth, 2024. This leap in the LIC Offer Cost came on the rear of the organization’s strong monetary wellbeing and sheer strength in the insurance sector.
• In December 2024, LIC India pushed the Indian Life Insurance Market vigorously by detailing an increment of 43.75% in the LIC premium pay somewhat recently of the year 2023.
• LIC India’s Net Income expanded by a good edge of 8.97% in the monetary year 2023, in any case, the overall gain of the state-possessed life insurance corporation went up the stepping stool overwhelmingly of 320% to Rs 426.72 Billion.
• LIC EBITDA soar in the monetary year 2023 overwhelmingly of 7500% to Rs 347.35 Billion.
• The previously mentioned monetary outcomes additionally show the functional effectiveness and hold of LIC India in the Life Insurance sector.

Final Words

The Share Price of LIC has been one of the most mind-blowing performing stocks on the National Stock Trade in the beyond a half year. LICI NSE Stock has bounced by 75% since November 22nd, 2023 and February eighth, 2024. In any case, the LIC India Share Price over the time of the most recent two years has expanded by just 9.09% ie., from Rs 826.15 on May 12th, 2022 to Rs 901.25% on Walk 21, 2024. LIC shares, its market valuation contacted Rs 5.92 Lakh crores on January 12th, 2024, outperforming the market cap of ITC and Hindustan Unilever turning into the seventh most important organization in India.