Fundamental Analysis of ICICI Prudential Life Insurance Company Ltd

About the Company - ICICI Prudential Life Insurance Company Ltd

ICICI Prudential Life Insurance Company Ltd. is a Public Limited Listed company incorporated on 20/07/2000 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L66010MH2000PLC127837 and registration number is 127837. Currently Company is involved in the business activities of Life insurance. Company’s Total Operating Revenue is Rs. 62302.19 Cr. and Equity Capital is Rs. 1437.31 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Life Insurance	ICICI PruLife Towers, 1089, Mumbai Maharashtra 400025	investor@iciciprulife.com http://www.iciciprulife.com

Management
Name	Position Held
Mr. Sandeep Batra	Chairman
Mr. Anup Bagchi	Managing Director & CEO
Mr. Anuj Bhargava	Non Executive Director
Mr. Solmaz Altin	Non Executive Director
Mr. R K Nair	Independent Director
Ms. Vibha Paul Rishi	Independent Director
Mr. Dileep Choksi	Independent Director
Mr. Dilip Karnik	Independent Director
Mr. Naved Masood	Independent Director

Basic Stock Data of ICICI Prudential Life Insurance Company Ltd

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

Market Cap	92,714 Cr.
Current Price	643
High / Low	645/463
Stock P/E	109
Book Value	76.4
Dividend Yield	0.09 %
ROCE	8.75 %
ROE	8.07 %
Face Value	10.0
PEG Ratio	-33.58

ICICI Prudential Life 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	28,463	19,282	16,211	23,161	9,930	13,003	-1,611	22,605	17,426	10,984	23,384	17,388	26,430
Expenses	28,412	19,726	17,341	22,960	9,628	13,701	-1,483	22,869	17,502	11,400	23,663	17,682	26,584
Operating Profit	51	-444	-1,130	201	302	-698	-128	-264	-76	-416	-280	-293	-155
OPM %	0%	-2%	-7%	1%	3%	-5%		-1%	-0%	-4%	-1%	-2%	-1%
Other Income	299	616	914	301	58	1,013	328	507	352	780	496	570	420
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	350	172	-215	502	359	315	201	243	277	364	216	276	265
Tax %	13%	64%	14%	11%	13%	41%	22%	18%	20%	35%	5%	12%	14%
Net Profit	304	63	-185	446	312	187	157	200	222	235	206	244	227
EPS in Rs	2.12	0.44	-1.29	3.10	2.17	1.30	1.09	1.39	1.54	1.64	1.43	1.69	1.58

Last Updated: June 14, 2024, 6:40 pm

ICICI Prudential Life Insurance Company Ltd Quarterly Chart

ICICI Prudential Life 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	14,021	20,025	21,888	34,453	20,849	37,816	38,832	41,463	21,025	83,182	62,305	49,404	69,182
Expenses	13,118	19,280	20,384	32,798	19,008	36,010	37,062	40,922	21,325	83,516	63,563	50,204	70,247
Operating Profit	904	745	1,504	1,655	1,842	1,806	1,771	541	-300	-334	-1,258	-800	-1,065
OPM %	6%	4%	7%	5%	9%	5%	5%	1%	-1%	-0%	-2%	-2%	-2%
Other Income	627	900	129	43	0	130	132	813	1,578	1,669	2,285	1,968	2,198
Interest	16	14	15	17	0	15	20	23	19	56	0	0	0
Depreciation	56	41	47	40	0	58	44	57	61	60	67	84	0
Profit before tax	1,459	1,591	1,572	1,642	1,842	1,863	1,839	1,274	1,198	1,219	961	1,085	1,133
Tax %	5%	5%	1%	0%	10%	10%	12%	11%	11%	22%	21%	25%
Net Profit	1,386	1,515	1,561	1,640	1,650	1,682	1,619	1,139	1,067	956	759	813	907
EPS in Rs	9.70	10.61	10.92	11.46	11.52	11.72	11.28	7.93	7.43	6.66	5.28	5.65	6.30
Dividend Payout %	30%	32%	70%	51%	73%	63%	59%	40%	11%	30%	10%	11%

ICICI Prudential Life Insurance Company Ltd Profit & Loss Yearly Chart

ICICI Prudential Life Insurance Company Ltd Growth

Compounded Sales Growth
10 Years:	15%
5 Years:	17%
3 Years:	3%
TTM:	82%

Compounded Profit Growth
10 Years:	-6%
5 Years:	-2%
3 Years:	-4%
TTM:	5%

Stock Price CAGR
10 Years:	%
5 Years:	9%
3 Years:	0%
1 Year:	10%

Return on Equity
10 Years:	16%
5 Years:	10%
3 Years:	8%
Last Year:	8%

Last Updated: July 2, 2024, 4:55 pm

ICICI Prudential Life 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	1,429	1,429	1,429	1,432	1,432	1,435	1,436	1,436	1,436	1,436	1,437	1,439	1,440
Reserves	1,553	2,532	2,954	3,833	3,891	4,971	5,138	5,435	5,777	7,673	7,721	8,651	8,651
Borrowings	0	0	0	0	1,029	0	0	0	0	1,200	1,200	1,200	1,200
Other Liabilities	68,642	71,260	77,090	95,951	98,413	118,335	135,245	156,215	148,818	206,911	234,079	244,562	244,562
Total Liabilities	71,623	75,220	81,474	101,215	104,765	124,741	141,819	163,086	156,031	217,220	244,437	255,851	255,851
Fixed Assets	176	165	197	209	212	207	404	463	932	911	916	968	596
CWIP	4	7	5	6	7	7	18	13	20	22	54	117	0
Investments	70,398	73,716	80,101	99,491	103,024	121,581	138,537	159,003	150,776	211,727	237,618	247,726	248,216
Other Assets	1,045	1,332	1,171	1,509	1,522	2,946	2,859	3,607	4,303	4,560	5,848	7,039	7,039
Total Assets	71,623	75,220	81,474	101,215	104,765	124,741	141,819	163,086	156,031	217,220	244,437	255,851	255,851

ICICI Prudential Life Insurance Company Ltd Reserves and Borrowings Chart

ICICI Prudential Life 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	2,829	-2,641	-2,382	523	3,634	4,130	5,690	11,377	8,596	7,314	1,831	89
Cash from Investing Activity	-813	1,564	6,012	-1,822	27	-696	-5,389	-7,559	-10,797	-5,084	-816	-1,145
Cash from Financing Activity	-362	-514	-1,091	-966	-1,442	-994	-1,188	-843	-405	1,205	-319	-112
Net Cash Flow	1,654	-1,591	2,539	-2,264	2,219	2,439	-887	2,975	-2,606	3,434	696	-1,168

ICICI Prudential Life Insurance Company Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	-0	-0	-0	3	-0	-0	-0	-0	-0	-0	-0	-0
Inventory Days
Days Payable
Cash Conversion Cycle	-0	-0	-0	3	-0	-0	-0	-0	-0	-0	-0	-0
Working Capital Days	-19	-17	-10	-16	-2	-9	-9	-5	-2	-6	-6	2
ROCE %	46%	38%	34%	32%	29%	29%	16%	17%	14%	9%	10%	9%

ICICI Prudential Life Insurance Company Ltd Financial Efficiency Indicators Chart

ICICI Prudential Life 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	73.45%	73.42%	73.41%	73.41%	73.40%	73.34%	73.34%	73.34%	73.33%	73.30%	73.27%	73.24%
FIIs	17.17%	17.17%	16.92%	16.35%	16.13%	16.63%	15.41%	15.20%	15.43%	15.51%	14.73%	13.35%
DIIs	4.11%	4.14%	4.26%	4.74%	5.09%	5.02%	5.93%	6.14%	6.32%	6.37%	6.92%	8.54%
Public	5.27%	5.27%	5.40%	5.50%	5.38%	4.99%	5.31%	5.30%	4.92%	4.81%	5.06%	4.85%
No. of Shareholders	3,39,654	3,44,186	3,63,017	3,79,981	3,73,953	3,65,941	3,84,297	3,82,944	3,62,342	3,52,395	3,58,759	3,41,039

ICICI Prudential Life Insurance Company Ltd Shareholding Pattern Chart

No. of ICICI Prudential Life Insurance Company Ltd Shareholders

ICICI Prudential Life Insurance Company Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Bluechip Fund	9,619,356	1.22	505.26	1,439,365	2024-07-05	568.31%
SBI Blue Chip Fund	8,355,407	1.14	438.87	1,439,365	2024-07-05	480.49%
SBI Long Term Equity Fund	6,904,842	2.3	362.68	1,439,365	2024-07-05	379.71%
SBI Balanced Advantage Fund	4,309,217	0.93	226.34	1,439,365	2024-07-05	199.38%
Franklin India Flexi Cap Fund	3,100,000	1.36	162.83	1,439,365	2024-07-05	115.37%
Aditya Birla Sun Life Frontline Equity Fund	2,603,961	0.59	136.77	1,439,365	2024-07-05	80.91%
UTI Value Fund	1,911,775	1.35	100.42	1,439,365	2024-07-05	32.82%
SBI Contra Fund	1,824,999	0.58	95.86	1,439,365	2024-07-05	26.79%
Axis Growth Opportunities Fund	1,439,365	0.79	75.6	1,439,365	2024-07-05	0%
Franklin India Taxshield	1,350,000	1.36	70.91	1,439,365	2024-07-05	-6.21%

ICICI Prudential Life Insurance Company Ltd ROCE Trend

ICICI Prudential Life Insurance Company Ltd EPS Trend

ICICI Prudential Life 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.)	5.90	5.66	5.28	6.66	7.43
Diluted EPS (Rs.)	5.90	5.65	5.26	6.65	7.42
Cash EPS (Rs.)	5.90	6.24	5.75	7.08	7.43
Book Value[Excl.RevalReserv]/Share (Rs.)	76.39	69.90	63.50	84.28	50.23
Book Value[Incl.RevalReserv]/Share (Rs.)	76.39	70.13	63.72	84.76	50.69
Revenue From Operations / Share (Rs.)	622.53	343.42	433.49	579.27	146.43
PBDIT / Share (Rs.)	4.48	10.89	8.15	9.97	9.73
PBIT / Share (Rs.)	4.48	10.31	7.69	9.56	9.73
PBT / Share (Rs.)	4.48	9.53	6.89	9.33	9.73
Net Profit / Share (Rs.)	5.90	5.65	5.28	6.66	7.43
NP After MI And SOA / Share (Rs.)	5.90	5.65	5.28	6.66	7.43
PBDIT Margin (%)	0.71	3.17	1.88	1.72	6.64
PBIT Margin (%)	0.71	3.00	1.77	1.65	6.64
PBT Margin (%)	0.71	2.77	1.59	1.61	6.64
Net Profit Margin (%)	0.94	1.64	1.21	1.14	5.07
NP After MI And SOA Margin (%)	0.94	1.64	1.21	1.14	5.07
Return on Networth / Equity (%)	7.73	8.09	8.31	7.90	14.79
Return on Capital Employeed (%)	0.21	0.59	0.46	0.64	0.91
Return On Assets (%)	0.28	0.31	0.31	0.44	0.68
Long Term Debt / Equity (X)	0.10	0.11	0.13	0.09	0.00
Total Debt / Equity (X)	0.10	0.11	0.13	0.09	0.00
Asset Turnover Ratio (%)	0.32	0.19	0.26	0.44	0.13
Current Ratio (X)	1.24	1.01	0.93	1.04	1.15
Quick Ratio (X)	1.24	1.01	0.93	1.04	1.15
Dividend Payout Ratio (NP) (%)	0.00	9.71	37.84	0.00	31.62
Dividend Payout Ratio (CP) (%)	0.00	8.81	34.77	0.00	31.62
Earning Retention Ratio (%)	0.00	90.29	62.16	0.00	68.38
Cash Earning Retention Ratio (%)	0.00	91.19	65.23	0.00	68.38
Interest Coverage Ratio (X)	0.00	13.85	10.29	43.57	11757.67
Interest Coverage Ratio (Post Tax) (X)	0.00	10.71	7.93	33.75	10651.11
Enterprise Value (Cr.)	88088.81	63088.95	72358.44	64578.41	50261.72
EV / Net Operating Revenue (X)	0.98	1.28	1.16	0.77	2.39
EV / EBITDA (X)	136.43	40.26	61.75	45.08	35.98
MarketCap / Net Operating Revenue (X)	0.97	1.27	1.15	0.76	2.43
Retention Ratios (%)	0.00	90.28	62.15	0.00	68.37
Price / BV (X)	7.97	6.23	7.87	5.28	7.08
Price / Net Operating Revenue (X)	0.97	1.27	1.15	0.76	2.43
EarningsYield	0.01	0.01	0.01	0.01	0.02

ICICI Prudential Life Insurance Company Ltd Profitability Ratios (%)

ICICI Prudential Life Insurance Company Ltd Liquidity Ratios

ICICI Prudential Life Insurance Company Ltd Liquidity Ratios (%)

ICICI Prudential Life Insurance Company Ltd Interest Coverage Ratios (%)

ICICI Prudential Life Insurance Company Ltd Valuation Ratios

Fair Value

Fair Value: 672.64

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: 4.61% compared to the current price 643

Intrinsic Value: 650.81

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: 1.21% compared to the current price ₹643

Last 5 Year EPS CAGR: -3.25%

*Investments are subject to market risks

Strength and Weakness of ICICI Prudential Life Insurance Company Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 23.58%, which is a positive sign. The stock has a low average Working Capital Days of -8.25, which is a positive sign. The company has higher reserves (5,290.77 cr) compared to borrowings (448.38 cr), indicating strong financial stability. The company has shown consistent growth in sales (39.15 cr) and profit (74.85 cr) over the years.	The stock has a high average Cash Conversion Cycle of 0.25, which may not be favorable.

FAQ

What is the latest fair value of ICICI Prudential Life Insurance Company Ltd?

The latest fair value of ICICI Prudential Life Insurance Company Ltd is ₹672.64.

What is the Market Cap of ICICI Prudential Life Insurance Company Ltd?

The Market Cap of ICICI Prudential Life Insurance Company Ltd is 92,714 Cr..

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

The current stock price of ICICI Prudential Life Insurance Company Ltd as on 06 July 2024 is 643.

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

In FY 2024, the High / Low of ICICI Prudential Life Insurance Company Ltd stocks is 645/463.

What is the Stock P/E of ICICI Prudential Life Insurance Company Ltd?

The Stock P/E of ICICI Prudential Life Insurance Company Ltd is 109.

What is the Book Value of ICICI Prudential Life Insurance Company Ltd?

The Book Value of ICICI Prudential Life Insurance Company Ltd is 76.4.

What is the Dividend Yield of ICICI Prudential Life Insurance Company Ltd?

The Dividend Yield of ICICI Prudential Life Insurance Company Ltd is 0.09 %.

What is the ROCE of ICICI Prudential Life Insurance Company Ltd?

The ROCE of ICICI Prudential Life Insurance Company Ltd is 8.75 %.

What is the ROE of ICICI Prudential Life Insurance Company Ltd?

The ROE of ICICI Prudential Life Insurance Company Ltd is 8.07 %.

What is the Face Value of ICICI Prudential Life Insurance Company Ltd?

The Face Value of ICICI Prudential Life Insurance Company Ltd is 10.0.