Fundamental Analysis of ICICI Lombard General Insurance Company Ltd

About the Company - ICICI Lombard General Insurance Company Ltd

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. 14266.68 Cr. and Equity Capital is Rs. 490.89 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Non Life Insurance	ICICI Lombard House, Mumbai Maharashtra 400025	investors@icicilombard.com http://www.icicilombard.com

Management
Name	Position Held
Mrs. Lalita D Gupte	Chairperson
Mr. Sanjeev Mantri	Managing Director & CEO
Mr. Alok Kumar Agarwal	Executive Director
Mr. Sandeep Batra	Non Exe.Non Ind.Director
Mr. Rakesh Jha	Non Exe.Non Ind.Director
Mr. Uday Chitale	Ind. Non-Executive Director
Mr. Suresh Kumar	Ind. Non-Executive Director
Mr. Ved Prakash Chaturvedi	Ind. Non-Executive Director
Mr. Murali Sivaraman	Ind. Non-Executive Director
Mr. Antony Jacob	Ind. Non-Executive Director
Ms. Preeti Reddy	Ind. Non-Executive Director

Basic Stock Data of ICICI Lombard General Insurance Company Ltd

Last Updated: July 6, 2024, 12:02 pm

Market Cap	91,988 Cr.
Current Price	1,865
High / Low	1,877/1,266
Stock P/E	47.9
Book Value	248
Dividend Yield	0.32 %
ROCE	22.5 %
ROE	17.0 %
Face Value	10.0
PEG Ratio	6.56

ICICI Lombard General Insurance Company Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	3,193	3,163	4,023	3,976	4,007	4,020	4,129	4,669	4,559	4,519	4,694	5,251	5,175
Expenses	2,781	3,178	3,775	3,388	3,598	4,391	3,684	4,095	4,105	4,874	4,204	4,507	4,638
Operating Profit	413	-15	248	588	409	-371	445	574	454	-355	491	744	537
OPM %	13%	-0%	6%	15%	10%	-9%	11%	12%	10%	-8%	10%	14%	10%
Other Income	6	466	11	6	12	781	20	36	11	928	29	20	37
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	418	450	258	594	421	410	465	610	465	573	520	764	574
Tax %	25%	23%	25%	25%	25%	24%	25%	3%	24%	24%	25%	24%	25%
Net Profit	314	346	194	447	318	313	349	591	353	437	390	577	431
EPS in Rs	6.90	7.60	4.27	9.11	6.47	6.37	7.11	12.02	7.18	8.90	7.95	11.75	8.76

Last Updated: July 6, 2024, 10:45 pm

ICICI Lombard General Insurance Company Ltd Quarterly Chart

ICICI Lombard General Insurance Company Ltd Profit & Loss

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	3,549	4,012	4,352	4,234	6,033	7,520	6,912	11,163	11,517	12,183	16,026	17,876	19,639
Expenses	4,391	4,191	4,578	4,456	5,269	6,601	7,174	9,494	9,745	10,594	15,010	16,612	18,223
Operating Profit	-842	-178	-225	-221	764	919	-262	1,669	1,772	1,589	1,016	1,264	1,416
OPM %	-24%	-4%	-5%	-5%	13%	12%	-4%	15%	15%	13%	6%	7%	7%
Other Income	498	586	817	992	0	-2	1,569	-2	15	495	809	991	1,014
Interest	7	8	9	12	0	0	59	70	0	0	0	0	0
Depreciation	45	49	50	54	57	7	51	0	90	130	141	142	0
Profit before tax	-395	351	533	705	708	910	1,196	1,598	1,697	1,954	1,684	2,113	2,430
Tax %	-5%	-0%	3%	17%	28%	23%	28%	34%	30%	25%	24%	18%
Net Profit	-416	353	520	585	507	702	862	1,049	1,194	1,473	1,271	1,729	1,836
EPS in Rs	-9.54	8.07	11.69	13.11	11.34	15.56	18.98	23.10	26.27	32.40	25.89	35.21	37.36
Dividend Payout %	0%	0%	0%	15%	26%	22%	17%	26%	13%	25%	35%	28%

ICICI Lombard General Insurance Company Ltd Profit & Loss Yearly Chart

ICICI Lombard General Insurance Company Ltd Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	21%
3 Years:	16%
TTM:	13%

Compounded Profit Growth
10 Years:	20%
5 Years:	24%
3 Years:	13%
TTM:	14%

Stock Price CAGR
10 Years:	%
5 Years:	9%
3 Years:	5%
1 Year:	46%

Return on Equity
10 Years:	19%
5 Years:	19%
3 Years:	18%
Last Year:	18%

Last Updated: April 17, 2024, 1:31 am

ICICI Lombard General Insurance Company Ltd Balance Sheet

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	437	437	445	447	448	451	454	454	454	455	491	491	491
Reserves	1,022	1,433	1,949	2,439	2,789	3,450	4,087	4,946	5,680	7,144	8,702	9,953	10,819
Borrowings	-0	-0	-0	-0	-0	485	485	485	485	485	255	35	35
Other Liabilities	9,067	10,767	12,350	11,760	12,440	18,965	24,723	27,517	30,423	31,214	41,401	44,607	48,562
Total Liabilities	10,525	12,637	14,744	14,646	15,676	23,351	29,750	33,403	37,042	39,298	50,848	55,086	59,908
Fixed Assets	393	390	373	381	510	516	368	1,965	664	717	941	883	576
CWIP	7	10	17	9	10	11	38	17	12	14	11	25	-0
Investments	6,034	7,800	9,290	10,200	11,426	14,806	18,193	20,714	26,327	30,788	38,412	42,836	45,312
Other Assets	4,092	4,436	5,064	4,056	3,730	8,018	11,151	10,707	10,039	7,779	11,485	11,342	14,019
Total Assets	10,525	12,637	14,744	14,646	15,676	23,351	29,750	33,403	37,042	39,298	50,848	55,086	59,908

ICICI Lombard General Insurance Company Ltd Reserves and Borrowings Chart

ICICI Lombard General Insurance Company Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	1,028	984	595	-98	511	1,628	2,390	2,976	3,433	1,774	809	2,290
Cash from Investing Activity	-1,205	-962	-706	171	-310	-1,990	-1,896	-2,856	-3,382	-1,367	135	-1,685
Cash from Financing Activity	4	102	4	-93	-148	361	-96	-310	-420	-212	-879	-695
Net Cash Flow	-174	124	-108	-20	53	-1	398	-190	-369	195	65	-90

ICICI Lombard General Insurance Company Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	0	0	0	0	0	0	0	292	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	292	0	0	0	0
Working Capital Days	-553	-529	-519	-576	-532	-521	-720	-564	-670	-704	-690	-685
ROCE %	-27%	18%	26%	27%	23%	24%	17%	31%	27%	27%	19%	21%

ICICI Lombard General Insurance Company Ltd Financial Efficiency Indicators Chart

ICICI Lombard General Insurance Company Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	51.87%	48.08%	48.05%	48.04%	48.03%	48.02%	48.02%	48.02%	48.01%	48.00%	47.91%	51.27%
FIIs	29.75%	27.73%	28.12%	26.88%	25.00%	24.07%	23.39%	22.85%	22.00%	22.37%	23.04%	23.05%
DIIs	11.69%	10.54%	13.47%	13.73%	15.37%	15.89%	16.68%	17.23%	18.10%	18.41%	17.86%	15.96%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%
Public	6.69%	13.65%	10.36%	11.34%	11.59%	11.92%	11.79%	11.79%	11.79%	11.11%	11.09%	9.59%
No. of Shareholders	2,54,123	2,65,104	2,75,002	2,87,701	2,91,428	2,98,048	2,92,282	2,87,023	2,75,356	2,64,710	2,52,680	2,39,489

ICICI Lombard General Insurance Company Ltd Shareholding Pattern Chart

No. of ICICI Lombard General Insurance Company Ltd Shareholders

ICICI Lombard General Insurance Company Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Focused Equity Fund	9,000,000	4.22	1236.42	3,030,000	2024-07-05	197.03%
SBI Equity Hybrid Fund	5,300,000	1.23	728.11	3,030,000	2024-07-05	74.92%
ICICI Prudential Multi Asset Fund	3,746,376	2.06	514.68	3,030,000	2024-07-05	23.64%
ICICI Prudential Value Discovery Fund	3,400,737	1.44	467.19	3,030,000	2024-07-05	12.24%
SBI Blue Chip Fund	3,030,000	1.08	416.26	3,030,000	2024-07-05	0%
ICICI Prudential Banking and Financial Services	2,759,416	5.62	379.09	3,030,000	2024-07-05	-8.93%
Mirae Asset Large Cap Fund	2,299,399	0.92	315.89	3,030,000	2024-07-05	-24.11%
ICICI Prudential ELSS Tax Saver Fund	2,094,872	2.6	287.79	3,030,000	2024-07-05	-30.86%
UTI Large Cap Fund	1,649,871	2.05	226.66	3,030,000	2024-07-05	-45.55%
SBI Flexi Cap Fund	1,648,159	1.29	226.42	3,030,000	2024-07-05	-45.61%

ICICI Lombard General Insurance Company Ltd ROCE Trend

ICICI Lombard General Insurance Company Ltd EPS Trend

ICICI Lombard General Insurance Company Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	39.03	35.21	25.91	32.41	26.27
Diluted EPS (Rs.)	38.78	35.16	25.82	32.27	26.19
Cash EPS (Rs.)	38.94	38.10	28.77	32.40	26.27
Book Value[Excl.RevalReserv]/Share (Rs.)	247.71	212.64	192.89	178.53	125.54
Book Value[Incl.RevalReserv]/Share (Rs.)	247.71	212.64	192.89	178.53	125.54
Dividend / Share (Rs.)	11.00	10.00	9.00	8.00	3.50
Revenue From Operations / Share (Rs.)	415.83	363.98	290.63	236.30	222.51
PBDIT / Share (Rs.)	51.86	47.55	37.92	43.86	38.22
PBIT / Share (Rs.)	51.86	44.66	35.03	43.86	38.22
PBT / Share (Rs.)	51.86	43.01	34.30	42.98	37.34
Net Profit / Share (Rs.)	38.94	35.20	25.89	32.40	26.27
PBDIT Margin (%)	12.47	13.06	13.04	18.56	17.17
PBIT Margin (%)	12.47	12.26	12.05	18.56	17.17
PBT Margin (%)	12.47	11.81	11.80	18.18	16.78
Net Profit Margin (%)	9.36	9.67	8.90	13.71	11.80
Return on Networth / Equity (%)	15.72	16.55	13.42	18.15	20.92
Return on Capital Employeed (%)	19.67	20.61	17.68	23.18	28.05
Return On Assets (%)	3.03	3.13	2.49	3.74	3.22
Long Term Debt / Equity (X)	0.00	0.00	0.02	0.05	0.08
Total Debt / Equity (X)	0.00	0.00	0.02	0.05	0.08
Asset Turnover Ratio (%)	0.34	0.33	0.31	0.28	0.28
Current Ratio (X)	0.26	0.24	0.27	0.24	0.31
Quick Ratio (X)	0.26	0.24	0.27	0.24	0.31
Dividend Payout Ratio (NP) (%)	0.00	26.98	29.74	12.34	26.64
Dividend Payout Ratio (CP) (%)	0.00	24.92	26.76	12.34	26.64
Earning Retention Ratio (%)	0.00	73.02	70.26	87.66	73.36
Cash Earning Retention Ratio (%)	0.00	75.08	73.24	87.66	73.36
Interest Coverage Ratio (X)	0.00	28.97	51.18	49.88	43.37
Interest Coverage Ratio (Post Tax) (X)	0.00	22.45	35.95	37.85	30.81
Enterprise Value (Cr.)	82721.15	52355.24	65177.28	65528.03	49384.75
EV / Net Operating Revenue (X)	4.04	2.93	4.57	6.10	4.88
EV / EBITDA (X)	32.37	22.42	35.02	32.86	28.43
MarketCap / Net Operating Revenue (X)	4.05	2.94	4.57	6.08	4.84
Retention Ratios (%)	0.00	73.01	70.25	87.65	73.35
Price / BV (X)	6.80	5.03	6.89	8.04	8.58
Price / Net Operating Revenue (X)	4.05	2.94	4.57	6.08	4.84
EarningsYield	0.02	0.03	0.01	0.02	0.02

ICICI Lombard General Insurance Company Ltd Profitability Ratios (%)

ICICI Lombard General Insurance Company Ltd Liquidity Ratios

ICICI Lombard General Insurance Company Ltd Liquidity Ratios (%)

ICICI Lombard General Insurance Company Ltd Interest Coverage Ratios (%)

ICICI Lombard General Insurance Company Ltd Valuation Ratios

Fair Value

Fair Value: 2,025.93

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.63% compared to the current price 1865

Intrinsic Value: 2,173.77

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 16.56% compared to the current price ₹1865

Last 5 Year EPS CAGR: 7.30%

*Investments are subject to market risks

Strength and Weakness of ICICI Lombard General Insurance Company Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 19.42%, which is a positive sign. The stock has a low average Working Capital Days of -605.25, which is a positive sign. The company has higher reserves (4,954.85 cr) compared to borrowings (211.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (9.23 cr) and profit (217.00 cr) over the years.	The stock has a high average Cash Conversion Cycle of 24.33, which may not be favorable.

FAQ

What is the latest fair value of ICICI Lombard General Insurance Company Ltd?

The latest fair value of ICICI Lombard General Insurance Company Ltd is ₹2025.93.

What is the Market Cap of ICICI Lombard General Insurance Company Ltd?

The Market Cap of ICICI Lombard General Insurance Company Ltd is 91,988 Cr..

What is the current Stock Price of ICICI Lombard General Insurance Company Ltd as on 06 July 2024?

The current stock price of ICICI Lombard General Insurance Company Ltd as on 06 July 2024 is 1,865.

What is the High / Low of ICICI Lombard General Insurance Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of ICICI Lombard General Insurance Company Ltd stocks is 1,877/1,266.

What is the Stock P/E of ICICI Lombard General Insurance Company Ltd?

The Stock P/E of ICICI Lombard General Insurance Company Ltd is 47.9.

What is the Book Value of ICICI Lombard General Insurance Company Ltd?

The Book Value of ICICI Lombard General Insurance Company Ltd is 248.

What is the Dividend Yield of ICICI Lombard General Insurance Company Ltd?

The Dividend Yield of ICICI Lombard General Insurance Company Ltd is 0.32 %.

What is the ROCE of ICICI Lombard General Insurance Company Ltd?

The ROCE of ICICI Lombard General Insurance Company Ltd is 22.5 %.

What is the ROE of ICICI Lombard General Insurance Company Ltd?

The ROE of ICICI Lombard General Insurance Company Ltd is 17.0 %.

What is the Face Value of ICICI Lombard General Insurance Company Ltd?

The Face Value of ICICI Lombard General Insurance Company Ltd is 10.0.