# NICL vs NLG

[NICL](https://nepse.link/stocks/NICL) (Nepal Insurance Co. Ltd.) and [NLG](https://nepse.link/stocks/NLG) (NLG Insurance Company Ltd.) are two of the most traded Non Life Insurance stocks on NEPSE. Their numbers side by side, as of 2026-11-06, with results from q4 FY 082/083.

NICL is ahead of NLG on 4 of the 6 measures below. None of this is a recommendation; it is what the latest numbers say. NLG is the bigger company by market value (Rs 1,320.58 crore), 1.2 times NICL (Rs 1,110.16 crore).

## Which is ahead on each measure

- NICL is cheaper on P/E (87.1 against 228.1 for NLG).
- NICL is cheaper on price to book (2.5 against 3.0 for NLG).
- NICL has done better over a year (-16.0% against -27.1% for NLG).
- NLG declared the bigger latest dividend (7.37% for 081/082).
- NLG earns more on its equity (ROE 1.30% against 0.03%).
- NICL grew its net profit faster against the same quarter last year (-59.7% against -64.1% for NLG).

## NICL and NLG side by side

| Measure | NICL | NLG |
| --- | --- | --- |
| Last close | Rs 435.60 | Rs 495.00 |
| Change, 1 month | -2.77% | +2.06% |
| Change, 1 year | -16.00% | -27.15% |
| EPS | Rs 5.00 | Rs 2.17 |
| P/E | 87.1 | 228.1 |
| Book value per share | Rs 176.85 | Rs 166.36 |
| Price to book | 2.46 | 2.98 |
| ROE | 0.03% | 1.30% |
| Net profit growth, same quarter last year | -59.7% | -64.1% |
| Latest dividend | 6.32% (081/082) | 7.37% (081/082) |
| Market value | Rs 1,110.16 crore | Rs 1,320.58 crore |
| Average daily turnover, 30 days | Rs 0.39 crore | Rs 0.36 crore |

## Do they move together?

Over the last year their daily returns had a correlation of 0.66 (1 means they move in step, 0 means unrelated). That is high: holding both adds little diversification.

## More Non Life Insurance comparisons

- [HEI vs NICL](https://nepse.link/stocks/compare/HEI-vs-NICL)
- [HEI vs NLG](https://nepse.link/stocks/compare/HEI-vs-NLG)
- [NICL vs PRIN](https://nepse.link/stocks/compare/NICL-vs-PRIN)
- [NICL vs UAIL](https://nepse.link/stocks/compare/NICL-vs-UAIL)
- [NLG vs PRIN](https://nepse.link/stocks/compare/NLG-vs-PRIN)
- [NLG vs UAIL](https://nepse.link/stocks/compare/NLG-vs-UAIL)
- [Every Non Life Insurance stock](https://nepse.link/stocks/sector/non-life-insurance)

Data from the Nepal Stock Exchange, refreshed four times a day by [nepse.link](https://nepse.link/about). Prices are adjusted for bonus and right shares. Not investment advice.