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Last Updated: April 2, 2026, 3:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540716 | NSE: ICICIGI

ICICI Lombard General Insurance Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,549.66Fairly Valued by 8.57%vs CMP ₹1,695.00

P/E (30.9) × ROE (18.8%) × BV (₹331.00) × DY (0.74%)

₹868.45Overvalued by 48.76%vs CMP ₹1,695.00
MoS: -95.2% (Negative)Confidence: 66/100 (Moderate)Models: 1 Fair, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,801.8320%Fair (+6.3%)
Graham NumberEarnings₹640.1315%Over (-62.2%)
Earnings PowerEarnings₹331.9312%Over (-80.4%)
DCFCash Flow₹1,167.5110%Over (-31.1%)
Net Asset ValueAssets₹320.907%Over (-81.1%)
EV/EBITDAEnterprise₹850.058%Over (-49.8%)
Dividend DiscountDividends₹440.008%Over (-74%)
Earnings YieldEarnings₹550.207%Over (-67.5%)
ROCE CapitalReturns₹619.888%Over (-63.4%)
Revenue MultipleRevenue₹721.045%Over (-57.5%)
Consensus (10 models)₹868.45100%Overvalued
Key Drivers: Wide model spread (₹321–₹1,802) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.3%

*Investments are subject to market risks

Investment Snapshot

71
ICICI Lombard General Insurance Company Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health84/100 · Strong
ROCE 24.9% ExcellentROE 18.8% ExcellentD/E 0.05 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.51% MF buyingPromoter holding at 51.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (7% → 14%) Improving
Quarterly Momentum58/100 · Moderate
Revenue (4Q): +13% YoY GrowingProfit (4Q): +9% YoY PositiveOPM: 12.0% (down 4.0% YoY) Margin pressure
Industry Rank75/100 · Strong
P/E 30.9 vs industry 24.0 In-lineROCE 24.9% vs industry 14.3% Above peersROE 18.8% vs industry 11.2% Above peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:04 am

Market Cap 84,490 Cr.
Current Price 1,695
Intrinsic Value₹868.45
High / Low 2,075/1,660
Stock P/E30.9
Book Value 331
Dividend Yield0.74 %
ROCE24.9 %
ROE18.8 %
Face Value 10.0
PEG Ratio1.90

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for ICICI Lombard General Insurance Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ICICI Lombard General Insurance Company Ltd 84,490 Cr. 1,695 2,075/1,66030.9 3310.74 %24.9 %18.8 % 10.0
New India Assurance Company Ltd (NIACL) 20,381 Cr. 124 215/11717.1 1751.46 %3.59 %3.64 % 5.00
Industry Average52,435.50 Cr909.5024.00253.001.10%14.25%11.22%7.50

All Competitor Stocks of ICICI Lombard General Insurance Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4,5594,5194,7165,2715,1945,3915,6016,1476,1616,0516,3966,8696,905
Expenses 4,1054,8744,2064,5094,6394,7014,8315,2075,1995,4435,4155,8256,051
Operating Profit 454-3555107625556907709409626099811,044854
OPM % 10%-8%11%14%11%13%14%15%16%10%15%15%12%
Other Income 119281021984-21-260133316
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 4655735207645746987749199606689941,077870
Tax % 24%24%25%24%25%26%25%24%25%24%25%24%24%
Net Profit 353437390577431520580694724510747820659
EPS in Rs 7.188.907.9511.758.7610.5411.7714.0314.6310.2815.0416.4713.23

Last Updated: February 5, 2026, 3:39 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,3524,2346,0337,5206,91211,16311,51712,16116,02617,87620,57223,96126,221
Expenses 4,5784,4565,2696,6017,1749,4949,74510,09015,01016,61217,91820,55422,733
Operating Profit -225-221764919-2621,6691,7722,0721,0161,2642,6543,4073,487
OPM % -5%-5%13%12%-4%15%15%17%6%7%13%14%13%
Other Income 8179920-21,569-215128099913539121
Interest 912-0-05970-0-0-0-0-0-00
Depreciation 505457751-0901301411421341240
Profit before tax 5337057089101,1961,5981,6971,9541,6842,1132,5553,3213,609
Tax % 3%17%28%23%28%34%30%25%24%18%25%24%
Net Profit 5205855077028621,0491,1941,4731,2711,7291,9192,5082,735
EPS in Rs 11.6913.1111.3415.5618.9823.1026.2732.4025.8935.2138.9450.6055.02
Dividend Payout % -0%15%26%22%17%26%13%25%35%28%28%25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)12.50%-13.33%38.46%22.79%21.69%13.82%23.37%-13.71%36.03%10.99%30.69%
Change in YoY Net Profit Growth (%)0.00%-25.83%51.79%-15.67%-1.10%-7.87%9.54%-37.08%49.75%-25.05%19.70%

ICICI Lombard General Insurance Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:16%
3 Years:14%
TTM:15%
Compounded Profit Growth
10 Years:16%
5 Years:16%
3 Years:25%
TTM:27%
Stock Price CAGR
10 Years:%
5 Years:8%
3 Years:15%
1 Year:-17%
Return on Equity
10 Years:18%
5 Years:18%
3 Years:18%
Last Year:19%

Last Updated: September 5, 2025, 6:35 am

Balance Sheet

Last Updated: December 10, 2025, 2:49 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 445447448451454454454455491491493496497
Reserves 1,9492,4392,7893,4504,0874,9465,6807,1448,7029,95311,71213,98915,499
Borrowings 000485485485485485255353500
Other Liabilities 12,35011,76012,44018,96524,72327,51730,42331,21441,40144,60751,06854,53543,285
Total Liabilities 14,74414,64615,67623,35129,75033,40337,04239,29850,84855,08663,30869,02059,281
Fixed Assets 3733815105163681,965664717941883930728843
CWIP 179101138171214112594740
Investments 9,29010,20011,42614,80618,19320,71426,32730,78838,41242,83648,58453,50856,200
Other Assets 5,0644,0563,7308,01811,15110,70710,0397,77911,48511,34213,70014,7102,238
Total Assets 14,74414,64615,67623,35129,75033,40337,04239,29850,84855,08663,30869,02059,281

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 595-985111,6282,3902,9763,4331,7748092,2902,4071,147
Cash from Investing Activity + -706171-310-1,990-1,896-2,856-3,382-1,367135-1,685-1,921-1,137
Cash from Financing Activity + 4-93-148361-96-310-420-212-879-695-355-257
Net Cash Flow -108-2053-1398-190-36919565-90131-247
Free Cash Flow 557-1504591,5742,3152,8603,1301,6957372,1702,217918
CFO/OP -264%44%67%177%-912%178%222%103%117%206%115%57%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-225.00-221.00764.00434.00-747.00-484.00-484.00-483.00-254.00-34.00-33.003.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 00000292000000
Inventory Days
Days Payable
Cash Conversion Cycle 00000292000000
Working Capital Days -519-576-532-521-720-564-670-705-690-685-661-603
ROCE %26%27%23%24%17%31%27%27%19%21%23%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 48.02%48.01%48.00%47.91%51.27%51.81%51.66%51.60%51.55%51.46%51.37%51.31%
FIIs 22.85%22.00%22.37%23.04%23.05%23.94%24.75%24.36%23.68%23.94%24.04%23.35%
DIIs 17.23%18.10%18.41%17.86%15.96%17.15%16.59%17.17%17.74%17.52%17.41%18.25%
Government 0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%
Public 11.79%11.79%11.11%11.09%9.59%7.00%6.91%6.74%6.93%6.97%7.08%6.98%
No. of Shareholders 2,87,0232,75,3562,64,7102,52,6802,39,4892,37,2482,36,6992,38,4062,40,8532,40,9802,39,8122,35,714

Shareholding Pattern Chart

No. of Shareholders

ICICI Lombard General Insurance Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 4,262,100 1.31 773.19N/AN/AN/A
ICICI Prudential India Opportunities Fund 3,617,597 1.87 656.273,496,6502026-02-23 01:21:593.46%
Nippon India Growth Mid Cap Fund 2,701,000 1.17 489.992,600,5222026-02-23 07:11:393.86%
SBI Large Cap Fund 2,554,097 0.85 463.34N/AN/AN/A
ICICI Prudential Value Fund 2,514,296 0.76 456.121,624,0042026-02-23 07:11:3954.82%
ICICI Prudential Multi Asset Fund 2,455,584 0.55 445.472,598,7102025-12-14 15:08:53-5.51%
Nippon India Large Cap Fund 2,013,352 0.73 365.241,713,3522025-12-14 04:01:3417.51%
SBI Midcap Fund 2,013,000 1.63 365.18N/AN/AN/A
Aditya Birla Sun Life Flexi Cap Fund 2,000,000 1.47 362.821,786,6412025-12-08 01:35:3011.94%
Axis Midcap Fund 1,932,922 1.13 350.652,175,6272025-12-14 15:08:53-11.16%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 50.7439.0335.2125.9132.41
Diluted EPS (Rs.) 50.2538.7835.1625.8232.27
Cash EPS (Rs.) 53.1140.7438.1028.7732.40
Book Value[Excl.RevalReserv]/Share (Rs.) 292.19247.71212.64192.89178.53
Book Value[Incl.RevalReserv]/Share (Rs.) 292.19247.71212.64192.89178.53
Dividend / Share (Rs.) 12.5011.0010.009.008.00
Revenue From Operations / Share (Rs.) 483.35371.39363.98290.63236.30
PBDIT / Share (Rs.) 71.5555.2847.5537.9243.86
PBIT / Share (Rs.) 69.0453.4944.6635.0343.86
PBT / Share (Rs.) 67.0051.8643.0134.3042.98
Net Profit / Share (Rs.) 50.6038.9435.2025.8932.40
PBDIT Margin (%) 14.8014.8813.0613.0418.56
PBIT Margin (%) 14.2814.4012.2612.0518.56
PBT Margin (%) 13.8613.9611.8111.8018.18
Net Profit Margin (%) 10.4610.489.678.9013.71
Return on Networth / Equity (%) 17.3115.7216.5513.4218.15
Return on Capital Employeed (%) 22.8420.2920.6117.6823.18
Return On Assets (%) 3.633.033.132.493.74
Long Term Debt / Equity (X) 0.000.000.000.020.05
Total Debt / Equity (X) 0.000.000.000.020.05
Asset Turnover Ratio (%) 0.360.300.330.310.28
Current Ratio (X) 0.260.260.240.270.24
Quick Ratio (X) 0.260.260.240.270.24
Dividend Payout Ratio (NP) (%) 22.6426.8826.9829.7412.34
Dividend Payout Ratio (CP) (%) 21.5725.6924.9226.7612.34
Earning Retention Ratio (%) 77.3673.1273.0270.2687.66
Cash Earning Retention Ratio (%) 78.4374.3175.0873.2487.66
Interest Coverage Ratio (X) 35.0134.0228.9751.1849.88
Interest Coverage Ratio (Post Tax) (X) 25.7624.9622.4535.9537.85
Enterprise Value (Cr.) 88752.2082720.3652355.2465177.2865528.03
EV / Net Operating Revenue (X) 3.704.522.934.576.10
EV / EBITDA (X) 25.0230.3722.4235.0232.86
MarketCap / Net Operating Revenue (X) 3.714.542.944.576.08
Retention Ratios (%) 77.3573.1173.0170.2587.65
Price / BV (X) 6.136.805.036.898.04
Price / Net Operating Revenue (X) 3.714.542.944.576.08
EarningsYield 0.020.020.030.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

ICICI Lombard General Insurance Company Ltd. is a Public Limited Listed company incorporated on 30/10/2000 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67200MH2000PLC129408 and registration number is 129408. Currently Company is involved in the business activities of Non-life insurance. Company's Total Operating Revenue is Rs. 23960.92 Cr. and Equity Capital is Rs. 495.73 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Non Life InsuranceICICI Lombard House, Mumbai Maharashtra 400025Contact not found
Management
NamePosition Held
Mr. Rakesh JhaChairman, Non Ind & Non Exe Director
Mr. Sanjeev MantriManaging Director & CEO
Mr. Sandeep BatraNon Exe.Non Ind.Director
Mr. Suresh KumarInd. Non-Executive Director
Mr. Ved Prakash ChaturvediInd. Non-Executive Director
Mr. Murali SivaramanInd. Non-Executive Director
Mr. Antony JacobInd. Non-Executive Director
Ms. Preeti ReddyInd. Non-Executive Director
Mr. Rajive KumarInd. Non-Executive Director

FAQ

What is the intrinsic value of ICICI Lombard General Insurance Company Ltd and is it undervalued?

As of 12 April 2026, ICICI Lombard General Insurance Company Ltd's intrinsic value is ₹868.45, which is 48.76% lower than the current market price of ₹1,695.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.8 %), book value (₹331), dividend yield (0.74 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ICICI Lombard General Insurance Company Ltd?

ICICI Lombard General Insurance Company Ltd is trading at ₹1,695.00 as of 12 April 2026, with a FY2026-2027 high of ₹2,075 and low of ₹1,660. The stock is currently near its 52-week low. Market cap stands at ₹84,490 Cr..

How does ICICI Lombard General Insurance Company Ltd's P/E ratio compare to its industry?

ICICI Lombard General Insurance Company Ltd has a P/E ratio of 30.9, which is above the industry average of 24.00. The premium over industry average may reflect growth expectations or speculative interest.

Is ICICI Lombard General Insurance Company Ltd financially healthy?

Key indicators for ICICI Lombard General Insurance Company Ltd: ROCE of 24.9 % indicates efficient capital utilization; ROE of 18.8 % shows strong shareholder returns. Dividend yield is 0.74 %.

Is ICICI Lombard General Insurance Company Ltd profitable and how is the profit trend?

ICICI Lombard General Insurance Company Ltd reported a net profit of ₹2,508 Cr in Mar 2025 on revenue of ₹23,961 Cr. Compared to ₹1,271 Cr in Mar 2022, the net profit shows an improving trend.

Does ICICI Lombard General Insurance Company Ltd pay dividends?

ICICI Lombard General Insurance Company Ltd has a dividend yield of 0.74 % at the current price of ₹1,695.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ICICI Lombard General Insurance Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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