Nepal Life Insurance Company Limited (NLIC) — 37x in 4.3 yrs! (2012-04-01 → 2016-07-27)
Nepal Life Insurance Company Limited (NLIC)
Continuing the "what if you held" series — this time looking at Nepal Life Insurance Company (NLIC), listed on NEPSE on 22nd January 2003. Reliable simulation data starts from 25th March 2011 onward.
TL;DR: Rs. 1 Lakh invested in NLIC in March 2011 and held untouched (dividends taken as cash, not reinvested) would be worth Rs. 25.3 Lakhs today — a 23.37% CAGR over 15.4 years. Zoomed in, one particular bull run (2012–2016) alone delivered 37x in 4.3 years. The current cycle (2022–now) has only managed 1.6x in 3.9 years — the slowest of the four windows shown below.
The Full 15-Year Hold (2011-03-25 → 2026-08-13)
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NLIC
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Start date : 2011-03-25
End date : 2026-08-13 (today)
Price on start date : Rs. 725.00
Initial investment : Rs. 100,000.00
Units purchased : 137.9310 kitta
Date Event Units After Cash Rs.
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2011-03-25 Initial purchase 137.9310
2013-04-18 Cash div 56.3100% [2068/2069] 137.9310 7,766.90
2013-04-18 Bonus 70.00% [2068/2069] 234.4828
2014-05-04 Cash div 28.5000% [2069/2070] 234.4828 6,682.76
2014-05-04 Bonus 70.00% [2069/2070] 398.6207
2015-05-26 Cash div 8.0000% [2070/2071] 398.6207 3,188.97
2015-05-26 Bonus 60.00% [2070/2071] 637.7931
2016-04-28 Cash div 1.3100% [2071/2072] 637.7931 835.51
2016-04-28 Bonus 25.00% [2071/2072] 797.2414
2017-03-10 Cash div 1.3100% [2072/2073] 797.2414 1,044.39
2017-03-10 Bonus 25.00% [2072/2073] 996.5517
2018-03-28 Cash div 28.5000% [2073/2074] 996.5517 28,401.72
2018-03-28 Bonus 42.00% [2073/2074] 1415.1034
2019-05-02 Cash div 23.5000% [2074/2075] 1415.1034 33,254.93
2019-05-02 Bonus 25.00% [2074/2075] 1768.8793
2021-01-27 Cash div 20.0000% [2075/2076] 1768.8793 35,377.59
2021-01-27 Bonus 31.00% [2075/2076] 2317.2319
2022-03-21 Cash div 0.7368% [2076/2077] 2317.2319 1,707.34
2022-03-21 Bonus 14.00% [2076/2077] 2641.6444
2022-11-04 Cash div 15.7895% [2077/2078] 2641.6444 41,710.24
2024-06-18 Cash div 21.0500% [2079/2080] 2641.6444 55,606.61
2025-01-23 Cash div 11.0500% [2080/2081] 2641.6444 29,190.17
2025-01-23 Bonus 10.00% [2080/2081] 2905.8088
2025-12-22 Cash div 16.0500% [2081/2082] 2905.8088 46,638.23
2025-12-22 Bonus 5.00% [2081/2082] 3051.0992
───────────────────────────────────────────────────────────────────────────
Latest price date : 2026-08-13 (LTP: Rs. 733.90)
Total units today : 3051.0992 kitta
Market value : Rs. 2,239,201.73 (3051.0992 × 733.90)
Total cash dividends : Rs. 291,405.35
Total right share cost : Rs. 0.00
Today's Value : Rs. 2,530,607.08
───────────────────────────────────────
Years : 15.3867
CAGR : 23.37%
** Cash dividends are not re-invested and compounded**
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Verdict: ~25x in 15 years.
Zooming In: Four Different Entry Points, Four Very Different Outcomes
The long-term number smooths over how Bumpy NEPSE returns actually are. Here's the same stock sliced into narrower bull-cycle windows.
Bull Cycle 3 (2012-04-01 → 2016-07-27) — 37x in 4.3 years
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NLIC
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Start date : 2012-04-01
End date : 2016-07-27
Price on start date : Rs. 640.00
Initial investment : Rs. 100,000.00
Units purchased : 156.2500 kitta
Date Event Units After Cash Rs.
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2012-04-01 Initial purchase 156.2500
2013-04-18 Cash div 56.3100% [2068/2069] 156.2500 8,798.44
2013-04-18 Bonus 70.00% [2068/2069] 265.6250
2014-05-04 Cash div 28.5000% [2069/2070] 265.6250 7,570.31
2014-05-04 Bonus 70.00% [2069/2070] 451.5625
2015-05-26 Cash div 8.0000% [2070/2071] 451.5625 3,612.50
2015-05-26 Bonus 60.00% [2070/2071] 722.5000
2016-04-28 Cash div 1.3100% [2071/2072] 722.5000 946.48
2016-04-28 Bonus 25.00% [2071/2072] 903.1250
────────────────────────────────────────────────────
Latest price date : 2016-07-27 (LTP: Rs. 4,020.00)
Total units today : 903.1250 kitta
Market value : Rs. 3,630,562.50 (903.1250 × 4,020.00)
Total cash dividends : Rs. 20,927.72
Total right share cost : Rs. 0.00
Today's Value : Rs. 3,651,490.23
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Years : 4.3203
CAGR : 129.96%
** Cash dividends are not re-invested and compounded**
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Bull Cycle 4 (2019-03-05 → 2021-08-18) — 3x in 2.5 years
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NLIC
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Start date : 2019-03-05
End date : 2021-08-18
Price on start date : Rs. 1,056.00
Initial investment : Rs. 100,000.00
Units purchased : 94.6970 kitta
Date Event Units After Cash Rs.
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2019-03-05 Initial purchase 94.6970
2019-05-02 Cash div 23.5000% [2074/2075] 94.6970 2,225.38
2019-05-02 Bonus 25.00% [2074/2075] 118.3712
2021-01-27 Cash div 20.0000% [2075/2076] 118.3712 2,367.42
2021-01-27 Bonus 31.00% [2075/2076] 155.0663
───────────────────────────────────────────────────────────────────────────
Latest price date : 2021-08-18 (LTP: Rs. 1,882.00)
Total units today : 155.0663 kitta
Market value : Rs. 291,834.75 (155.0663 × 1,882.00)
Total cash dividends : Rs. 4,592.80
Total right share cost : Rs. 0.00
Today's Value : Rs. 296,427.56
───────────────────────────────────────
Years : 2.4559
CAGR : 55.65%
** Cash dividends are not re-invested and compounded**
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Current Cycle (2022-09-25 → Today) — 1.6x in 3.9 years
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NLIC
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Start date : 2022-09-25
End date : 2026-08-14 (today)
Price on start date : Rs. 579.00
Initial investment : Rs. 100,000.00
Units purchased : 172.7116 kitta
Date Event Units After Cash Rs.
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2022-09-25 Initial purchase 172.7116
2022-11-04 Cash div 15.7895% [2077/2078] 172.7116 2,727.03
2024-06-18 Cash div 21.0500% [2079/2080] 172.7116 3,635.58
2025-01-23 Cash div 11.0500% [2080/2081] 172.7116 1,908.46
2025-01-23 Bonus 10.00% [2080/2081] 189.9827
2025-12-22 Cash div 16.0500% [2081/2082] 189.9827 3,049.22
2025-12-22 Bonus 5.00% [2081/2082] 199.4819
───────────────────────────────────────────────────────────────────────────
Latest price date : 2026-08-13 (LTP: Rs. 733.90)
Total units today : 199.4819 kitta
Market value : Rs. 146,399.74 (199.4819 × 733.90)
Total cash dividends : Rs. 11,320.29
Total right share cost : Rs. 0.00
Today's Value : Rs. 157,720.03
───────────────────────────────────────
Years : 3.8823
CAGR : 12.45%
** Cash dividends are not re-invested and compounded**
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Slowly chugging along...
Side-by-Side Summary
| Window | Duration | Entry Price | Exit Price | Multiple | CAGR |
|---|---|---|---|---|---|
| Full hold (2011–2026) | 15.4 yrs | Rs. 725.00 | Rs. 733.90 | 25x | 23.37% |
| Bull 3 (2012–2016) | 4.3 yrs | Rs. 640.00 | Rs. 4,020.00 | 37x | 129.96% |
| Bull 4 (2019–2021) | 2.5 yrs | Rs. 1,056.00 | Rs. 1,882.00 | 3x | 55.65% |
| Current (2022–today) | 3.9 yrs | Rs. 579.00 | Rs. 733.90 | 1.6x | 12.45% |
The current cycle has already run almost as long as Bull 3 did (3.9 yrs), for a fraction of the return (37X versus 1.6x).
Notes on the simulation:
- Cash dividends are received but not reinvested/compounded — they sit as cash in the running total.
- Tax on dividends and capital gains is not deducted.
- Prices and corporate action history are pulled from historical NEPSE records — worth cross-checking if you're using these numbers for anything beyond a "huh, interesting" exercise.
Disclaimer: This is just an exercise in seeing how a random NEPSE stock has performed historically. Not a stock tip or recommendation. Do not FOMO-breathe..
Posted Aug 14, 2026, 6:00 AM UTC
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