Life Insurance of India (NSE:LICI) Shares Outstanding (EOP): 12,650 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:LICI Life Insurance Corporation of India NSE:LICI
78 GF Score
Price ₹433.10
GF Value ₹478.55
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Life Insurance of India Shares Outstanding (EOP)?

Life Insurance of India NSE:LICI -1.19% 78 Shares Outstanding (EOP) is 12,650 Mil as of Mar. 2026. GuruFocus rates NSE:LICI with a GF Score™ of 78/100 and a GF Value™ of ₹478.55 (Fairly Valued). The stock has 2 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Life Insurance of India's shares outstanding for the quarter that ended in Mar. 2026 was 12,650 Mil.

Life Insurance of India's quarterly shares outstanding stayed the same from Dec. 2025 (12,650 Mil) to Mar. 2026 (12,650 Mil).

Life Insurance of India's annual shares outstanding stayed the same from Mar. 2025 (12,650 Mil) to Mar. 2026 (12,650 Mil).


Life Insurance of India  (NSE:LICI) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Life Insurance of India Shares Outstanding (EOP) Related Terms


Life Insurance of India Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for Life Insurance of India's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Life Insurance of India Shares Outstanding (EOP) Chart

Life Insurance of India Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (EOP)
Get a 7-Day Free Trial 12,650.00 12,650.00 12,650.00 12,650.00 12,650.00

Life Insurance of India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,650.00 12,650.00 12,650.00 12,650.00 12,650.00

NSE:LICI vs AFL, MET: Shares Outstanding (EOP) Comparison

For the Insurance - Life subindustry, Life Insurance of India's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Life Insurance of India Shares Outstanding (EOP) vs Insurance Industry

For the Insurance industry and Financial Services sector, Life Insurance of India's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Life Insurance of India's Shares Outstanding (EOP) falls into.


NSE:LICI
78GF Score
Life Insurance Corporation of India NSE:LICI
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Life Insurance of India Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 12,650 Mil mean?
Life Insurance of India (NSE:LICI) has a Shares Outstanding (EOP) of 12,650 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Life Insurance of India and its competitors.
Is Life Insurance of India's Shares Outstanding (EOP) too high?
Life Insurance of India's current Shares Outstanding (EOP) is 12,650 Mil. Overall, Life Insurance of India has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Life Insurance of India's Shares Outstanding (EOP) compare to AFL and MET?
Life Insurance of India's Shares Outstanding (EOP) of 12,650 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Insurance company?
A good Shares Outstanding (EOP) depends on the Insurance industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Life Insurance of India and its competitors. Life Insurance of India's current Shares Outstanding (EOP) is 12,650 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Life Insurance of India stock overvalued right now?
Based on GuruFocus' analysis, Life Insurance of India (NSE:LICI) is currently considered Fairly Valued. The stock's GF Value™ is ₹478.55, compared to a current price of ₹433.10 — trading 9.5% below its estimated fair value. The current Shares Outstanding (EOP) is 12,650 Mil. Life Insurance of India's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Life Insurance of India (NSE:LICI), the current Shares Outstanding (EOP) is 12,650 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Life Insurance of India (NSE:LICI) Overvalued in 2026?

Based on GuruFocus' analysis, Life Insurance of India stock appears to be undervalued. The current stock price of ₹433.10 is trading 9.5% below its estimated GF Value™ of ₹478.55. GuruFocus considers Life Insurance of India to be Fairly Valued.

Key valuation signals for NSE:LICI:

  • Shares Outstanding (EOP): 12,650 Mil
  • GF Value™: ₹478.55 vs. price of ₹433.10 (9.5% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the NSE:LICI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Life Insurance of India Business Description

Other Exchanges 543526:India
Address Jeevan Bima Marg, Central Office, Yogakshema, Nariman Point, Mumbai, MH, IND, 400021
Life Insurance Corporation of India is engaged in providing life insurance in India. The company offers diversified product portfolio covering various segments across individual products and group products.
78GF Score

Get the complete analysis for NSE:LICI

Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹433.10
Price
₹478.55
GF Value