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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Finance - Non Life InsuranceICICI Lombard House, Mumbai Maharashtra 400025investors@icicilombard.com
http://www.icicilombard.com
Management
NamePosition Held
Mrs. Lalita D GupteChairperson
Mr. Bhargav DasguptaManaging Director & CEO
Mr. Alok Kumar AgarwalExecutive Director
Mr. Sanjeev MantriExecutive Director
Mr. Ved Prakash ChaturvediInd. Non-Executive Director
Mr. Uday ChitaleInd. Non-Executive Director
Mr. Suresh KumarInd. Non-Executive Director
Mr. Ashvin ParekhInd. Non-Executive Director
Mr. Sandeep BatraNon Exe.Non Ind.Director
Mr. Murali SivaramanInd. Non-Executive Director
Mr. Rakesh JhaNon Exe.Non Ind.Director

Basic Stock Data of ICICI Lombard General Insurance Company Ltd

Last Updated: May 30, 2024, 5:45 am

Market Cap 81,915 Cr.
Current Price 1,661
High / Low1,747/1,070
Stock P/E42.7
Book Value 248
Dividend Yield0.90 %
ROCE22.5 %
ROE16.9 %
Face Value 10.0
PEG Ratio5.85

ICICI Lombard General Insurance Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,1933,1634,0233,9764,0074,0204,1294,6694,5594,5194,6945,2515,175
Expenses2,7813,1783,7753,3883,5984,3913,6844,0954,1054,8744,2044,5074,638
Operating Profit413-15248588409-371445574454-355491744537
OPM %13%-0%6%15%10%-9%11%12%10%-8%10%14%10%
Other Income646611612781203611928292037
Interest0000000000000
Depreciation0000000000000
Profit before tax418450258594421410465610465573520764574
Tax %25%23%25%25%25%24%25%3%24%24%25%24%25%
Net Profit314346194447318313349591353437390577431
EPS in Rs6.907.604.279.116.476.377.1112.027.188.907.9511.758.76

Last Updated: May 7, 2024, 3:14 am

ICICI Lombard General Insurance Company Ltd Quarterly Chart

ICICI Lombard General Insurance Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,5494,0124,3524,2346,0337,5206,91211,16311,51712,18316,02617,87619,639
Expenses4,3914,1914,5784,4565,2696,6017,1749,4949,74510,59415,01016,61218,223
Operating Profit-842-178-225-221764919-2621,6691,7721,5891,0161,2641,416
OPM %-24%-4%-5%-5%13%12%-4%15%15%13%6%7%7%
Other Income4985868179920-21,569-2154958099911,014
Interest7891200597000000
Depreciation45495054577510901301411420
Profit before tax-3953515337057089101,1961,5981,6971,9541,6842,1132,430
Tax %-5%-0%3%17%28%23%28%34%30%25%24%18%
Net Profit-4163535205855077028621,0491,1941,4731,2711,7291,836
EPS in Rs-9.548.0711.6913.1111.3415.5618.9823.1026.2732.4025.8935.2137.36
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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital437437445447448451454454454455491491491
Reserves1,0221,4331,9492,4392,7893,4504,0874,9465,6807,1448,7029,95310,819
Borrowings-0-0-0-0-04854854854854852553535
Other Liabilities9,06710,76712,35011,76012,44018,96524,72327,51730,42331,21441,40144,60748,562
Total Liabilities10,52512,63714,74414,64615,67623,35129,75033,40337,04239,29850,84855,08659,908
Fixed Assets3933903733815105163681,965664717941883576
CWIP7101791011381712141125-0
Investments6,0347,8009,29010,20011,42614,80618,19320,71426,32730,78838,41242,83645,312
Other Assets4,0924,4365,0644,0563,7308,01811,15110,70710,0397,77911,48511,34214,019
Total Assets10,52512,63714,74414,64615,67623,35129,75033,40337,04239,29850,84855,08659,908

ICICI Lombard General Insurance Company Ltd Reserves and Borrowings Chart

ICICI Lombard General Insurance Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,028984595-985111,6282,3902,9763,4331,7748092,290
Cash from Investing Activity -1,205-962-706171-310-1,990-1,896-2,856-3,382-1,367135-1,685
Cash from Financing Activity 41024-93-148361-96-310-420-212-879-695
Net Cash Flow-174124-108-2053-1398-190-36919565-90

ICICI Lombard General Insurance Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days00000002920000
Inventory Days
Days Payable
Cash Conversion Cycle00000002920000
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.87%48.08%48.05%48.04%48.03%48.02%48.02%48.02%48.01%48.00%47.91%51.27%
FIIs29.75%27.73%28.12%26.88%25.00%24.07%23.39%22.85%22.00%22.37%23.04%23.05%
DIIs11.69%10.54%13.47%13.73%15.37%15.89%16.68%17.23%18.10%18.41%17.86%15.96%
Government0.00%0.00%0.00%0.00%0.00%0.09%0.10%0.10%0.10%0.10%0.10%0.10%
Public6.69%13.65%10.36%11.34%11.59%11.92%11.79%11.79%11.79%11.11%11.09%9.59%
No. of Shareholders2,54,1232,65,1042,75,0022,87,7012,91,4282,98,0482,92,2822,87,0232,75,3562,64,7102,52,6802,39,489

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 NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Focused Equity Fund9,000,0004.221236.42
SBI Equity Hybrid Fund5,300,0001.23728.11
ICICI Prudential Multi Asset Fund3,746,3762.06514.68
ICICI Prudential Value Discovery Fund3,400,7371.44467.19
SBI Blue Chip Fund3,030,0001.08416.26
ICICI Prudential Banking and Financial Services2,759,4165.62379.09
Mirae Asset Large Cap Fund2,299,3990.92315.89
ICICI Prudential ELSS Tax Saver Fund2,094,8722.6287.79
UTI Large Cap Fund1,649,8712.05226.66
SBI Flexi Cap Fund1,648,1591.29226.42

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

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)35.2125.9132.4126.2723.11
Diluted EPS (Rs.)35.1625.8232.2726.1923.06
Cash EPS (Rs.)38.1028.7732.4026.2723.09
Book Value[Excl.RevalReserv]/Share (Rs.)212.64192.89178.53125.54124.56
Book Value[Incl.RevalReserv]/Share (Rs.)212.64192.89178.53125.54124.56
Dividend / Share (Rs.)10.009.008.003.506.00
Revenue From Operations / Share (Rs.)363.98290.63236.30222.51201.50
PBDIT / Share (Rs.)47.5537.9243.8638.2236.06
PBIT / Share (Rs.)44.6635.0343.8638.2236.06
PBT / Share (Rs.)43.0134.3042.9837.3435.18
Net Profit / Share (Rs.)35.2025.8932.4026.2723.09
PBDIT Margin (%)13.0613.0418.5617.1717.89
PBIT Margin (%)12.2612.0518.5617.1717.89
PBT Margin (%)11.8111.8018.1816.7817.46
Net Profit Margin (%)9.678.9013.7111.8011.46
Return on Networth / Equity (%)16.5513.4218.1520.9218.54
Return on Capital Employeed (%)20.6117.6823.1828.0526.66
Return On Assets (%)3.132.493.743.223.14
Long Term Debt / Equity (X)0.000.020.050.080.08
Total Debt / Equity (X)0.000.020.050.080.08
Asset Turnover Ratio (%)0.330.310.280.280.28
Current Ratio (X)0.240.270.240.310.38
Quick Ratio (X)0.240.270.240.310.38
Dividend Payout Ratio (NP) (%)26.9829.7412.3426.6421.63
Dividend Payout Ratio (CP) (%)24.9226.7612.3426.6421.63
Earning Retention Ratio (%)73.0270.2687.6673.3678.37
Cash Earning Retention Ratio (%)75.0873.2487.6673.3678.37
Interest Coverage Ratio (X)28.9751.1849.8843.3740.95
Interest Coverage Ratio (Post Tax) (X)22.4535.9537.8530.8127.22
Enterprise Value (Cr.)52355.2465177.2865528.0349384.7547006.75
EV / Net Operating Revenue (X)2.934.576.104.885.13
EV / EBITDA (X)22.4235.0232.8628.4328.69
MarketCap / Net Operating Revenue (X)2.944.576.084.845.13
Retention Ratios (%)73.0170.2587.6573.3578.36
Price / BV (X)5.036.898.048.588.29
Price / Net Operating Revenue (X)2.944.576.084.845.13
EarningsYield0.030.010.020.020.02

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: ₹1,805.75

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: 8.71% compared to the current price ₹1661

Intrinsic Value: ₹1,937.52

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: 16.65% compared to the current price ₹1661

Last 5 Year EPS CAGR: 7.30%

*Investments are subject to market risks

Strength and Weakness of ICICI Lombard General Insurance Company Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -605.25, which is a positive sign.
  3. The company has higher reserves (4,954.85 cr) compared to borrowings (211.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (9.23 cr) and profit (217.00 cr) over the years.
  1. 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 ₹1805.75.

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

The Market Cap of ICICI Lombard General Insurance Company Ltd is 81,915 Cr..

What is the current Stock Price of ICICI Lombard General Insurance Company Ltd as on 30 May 2024?

The current stock price of ICICI Lombard General Insurance Company Ltd as on 30 May 2024 is ₹1,661.

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 1,747/1,070.

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 42.7.

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 0.90 %.

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 16.9 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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