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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

ICICI Prudential Life Insurance Company Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:08 pm

Market Cap 99,335 Cr.
Current Price 687
High / Low797/463
Stock P/E113
Book Value 80.1
Dividend Yield0.09 %
ROCE8.75 %
ROE8.07 %
Face Value 10.0
PEG Ratio-34.82

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

View Share Price Target for ICICI Prudential Life Insurance Company Ltd

Competitors of ICICI Prudential Life Insurance Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of ICICI Prudential Life Insurance Company Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales28,46319,28216,21123,1619,93013,003-1,61122,60517,42610,98423,38417,38826,430
Expenses28,41219,72617,34122,9609,62813,701-1,48322,86917,50211,40023,66317,68226,584
Operating Profit51-444-1,130201302-698-128-264-76-416-280-293-155
OPM %0%-2%-7%1%3%-5%-1%-0%-4%-1%-2%-1%
Other Income299616914301581,013328507352780496570420
Interest0000000000000
Depreciation0000000000000
Profit before tax350172-215502359315201243277364216276265
Tax %13%64%14%11%13%41%22%18%20%35%5%12%14%
Net Profit30463-185446312187157200222235206244227
EPS in Rs2.120.44-1.293.102.171.301.091.391.541.641.431.691.58

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales14,02120,02521,88834,45320,84937,81638,83241,46321,02583,18262,30549,40469,182
Expenses13,11819,28020,38432,79819,00836,01037,06240,92221,32583,51663,56350,20470,247
Operating Profit9047451,5041,6551,8421,8061,771541-300-334-1,258-800-1,065
OPM %6%4%7%5%9%5%5%1%-1%-0%-2%-2%-2%
Other Income6279001294301301328131,5781,6692,2851,9682,198
Interest1614151701520231956000
Depreciation564147400584457616067840
Profit before tax1,4591,5911,5721,6421,8421,8631,8391,2741,1981,2199611,0851,133
Tax %5%5%1%0%10%10%12%11%11%22%21%25%
Net Profit1,3861,5151,5611,6401,6501,6821,6191,1391,067956759813907
EPS in Rs9.7010.6110.9211.4611.5211.7211.287.937.436.665.285.656.30
Dividend Payout %30%32%70%51%73%63%59%40%11%30%10%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)9.31%3.04%5.06%0.61%1.94%-3.75%-29.65%-6.32%-10.40%-20.61%7.11%
Change in YoY Net Profit Growth (%)0.00%-6.27%2.02%-4.45%1.33%-5.68%-25.90%23.33%-4.08%-10.20%27.72%

ICICI Prudential Life Insurance Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:17%
3 Years:3%
TTM:44%
Compounded Profit Growth
10 Years:-6%
5 Years:-2%
3 Years:-4%
TTM:-3%
Stock Price CAGR
10 Years:%
5 Years:7%
3 Years:5%
1 Year:24%
Return on Equity
10 Years:16%
5 Years:10%
3 Years:8%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1,4291,4291,4321,4321,4351,4361,4361,4361,4361,4371,4391,4411,444
Reserves2,5322,9543,8333,8914,9715,1385,4355,7777,6737,7218,6519,56410,129
Borrowings0001,02900001,2001,2001,2001,2001,200
Other Liabilities71,26077,09095,95198,413118,335135,245156,215148,818206,911234,079244,562286,796314,064
Total Liabilities75,22081,474101,215104,765124,741141,819163,086156,031217,220244,437255,851299,001326,838
Fixed Assets1651972092122074044639329119169681,168762
CWIP756771813202254117490
Investments73,71680,10199,491103,024121,581138,537159,003150,776211,727237,618247,726289,230314,855
Other Assets1,3321,1711,5091,5222,9462,8593,6074,3034,5605,8487,0398,55311,220
Total Assets75,22081,474101,215104,765124,741141,819163,086156,031217,220244,437255,851299,001326,838

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-2,641-2,3825233,6344,1305,69011,3778,5967,3141,83189-7,315
Cash from Investing Activity +1,5646,012-1,82227-696-5,389-7,559-10,797-5,084-816-1,1457,420
Cash from Financing Activity +-514-1,091-966-1,442-994-1,188-843-4051,205-319-112-88
Net Cash Flow-1,5912,539-2,2642,2192,439-8872,975-2,6063,434696-1,16817

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow904.00745.001.001.000.001.001.00541.00-300.00-335.00-2.00-801.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days000300000000
Inventory Days
Days Payable
Cash Conversion Cycle000300000000
Working Capital Days-19-17-10-16-2-9-9-5-2-6-62
ROCE %46%38%34%32%29%29%16%17%14%9%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.42%73.41%73.41%73.40%73.34%73.34%73.34%73.33%73.30%73.27%73.24%73.17%
FIIs17.17%16.92%16.35%16.13%16.63%15.41%15.20%15.43%15.51%14.73%13.35%13.23%
DIIs4.14%4.26%4.74%5.09%5.02%5.93%6.14%6.32%6.37%6.92%8.54%8.82%
Public5.27%5.40%5.50%5.38%4.99%5.31%5.30%4.92%4.81%5.06%4.85%4.75%
No. of Shareholders3,44,1863,63,0173,79,9813,73,9533,65,9413,84,2973,82,9443,62,3423,52,3953,58,7593,41,0393,29,374

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Bluechip Fund9,619,3561.22505.261,350,0002024-11-23612.54%
SBI Blue Chip Fund8,355,4071.14438.871,350,0002024-11-23518.92%
SBI Long Term Equity Fund6,904,8422.3362.681,350,0002024-11-23411.47%
SBI Balanced Advantage Fund4,309,2170.93226.341,350,0002024-11-23219.2%
Franklin India Flexi Cap Fund3,100,0001.36162.831,350,0002024-11-23129.63%
Aditya Birla Sun Life Frontline Equity Fund2,603,9610.59136.771,350,0002024-11-2392.89%
UTI Value Fund1,911,7751.35100.421,350,0002024-11-2341.61%
SBI Contra Fund1,824,9990.5895.861,350,0002024-11-2335.19%
Axis Growth Opportunities Fund1,439,3650.7975.61,350,0002024-11-236.62%
Franklin India Taxshield1,350,0001.3670.911,350,0002024-11-230%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.915.665.286.667.43
Diluted EPS (Rs.)5.895.655.266.657.42
Cash EPS (Rs.)6.696.245.757.087.43
Book Value[Excl.RevalReserv]/Share (Rs.)76.1269.9063.5084.2850.23
Book Value[Incl.RevalReserv]/Share (Rs.)76.3970.1363.7284.7650.69
Revenue From Operations / Share (Rs.)622.53343.42433.49579.27146.43
PBDIT / Share (Rs.)6.1210.898.159.979.73
PBIT / Share (Rs.)5.3310.317.699.569.73
PBT / Share (Rs.)4.489.536.899.339.73
Net Profit / Share (Rs.)5.905.655.286.667.43
NP After MI And SOA / Share (Rs.)5.905.655.286.667.43
PBDIT Margin (%)0.983.171.881.726.64
PBIT Margin (%)0.853.001.771.656.64
PBT Margin (%)0.712.771.591.616.64
Net Profit Margin (%)0.941.641.211.145.07
NP After MI And SOA Margin (%)0.941.641.211.145.07
Return on Networth / Equity (%)7.758.098.317.9014.79
Return on Capital Employeed (%)0.260.590.460.640.91
Return On Assets (%)0.280.310.310.440.68
Long Term Debt / Equity (X)0.100.110.130.090.00
Total Debt / Equity (X)0.100.110.130.090.00
Asset Turnover Ratio (%)0.320.190.260.440.13
Current Ratio (X)1.241.010.931.041.15
Quick Ratio (X)1.241.010.931.041.15
Dividend Payout Ratio (NP) (%)10.149.7137.840.0031.62
Dividend Payout Ratio (CP) (%)8.958.8134.770.0031.62
Earning Retention Ratio (%)89.8690.2962.160.0068.38
Cash Earning Retention Ratio (%)91.0591.1965.230.0068.38
Interest Coverage Ratio (X)7.1913.8510.2943.5711757.67
Interest Coverage Ratio (Post Tax) (X)4.8210.717.9333.7510651.11
Enterprise Value (Cr.)88088.5863088.9572358.4464578.4150261.72
EV / Net Operating Revenue (X)0.981.281.160.772.39
EV / EBITDA (X)99.9340.2661.7545.0835.98
MarketCap / Net Operating Revenue (X)0.971.271.150.762.43
Retention Ratios (%)89.8590.2862.150.0068.37
Price / BV (X)8.006.237.875.287.08
Price / Net Operating Revenue (X)0.971.271.150.762.43
EarningsYield0.010.010.010.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of ICICI Prudential Life Insurance Company Ltd as of November 24, 2024 is: 731.10

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.

As of November 24, 2024, ICICI Prudential Life Insurance Company Ltd is Undervalued by 6.42% compared to the current share price 687.00

Intrinsic Value of ICICI Prudential Life Insurance Company Ltd as of November 24, 2024 is: 707.37

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, ICICI Prudential Life Insurance Company Ltd is Undervalued by 2.97% compared to the current share price 687.00

Last 5 Year EPS CAGR: -3.25%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 23.58%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -8.25, which is a positive sign.
  3. The company has higher reserves (6,020.69 cr) compared to borrowings (540.69 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (39.15 cr) and profit (74.85 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 0.25, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in ICICI Prudential Life Insurance Company Ltd:
    1. Net Profit Margin: 0.94%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.26% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.75% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.24
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 113 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.1
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

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.
INDUSTRYADDRESSCONTACT
Finance - Life InsuranceICICI PruLife Towers, 1089, Mumbai Maharashtra 400025investor@iciciprulife.com
http://www.iciciprulife.com
Management
NamePosition Held
Mr. Sandeep BatraChairman
Mr. Anup BagchiManaging Director & CEO
Mr. Anuj BhargavaNon Executive Director
Mr. Solmaz AltinNon Executive Director
Mr. R K NairIndependent Director
Ms. Vibha Paul RishiIndependent Director
Mr. Dileep ChoksiIndependent Director
Mr. Dilip KarnikIndependent Director
Mr. Naved MasoodIndependent Director

FAQ

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

The latest intrinsic value of ICICI Prudential Life Insurance Company Ltd as on 24 November 2024 is ₹731.10, which is 6.42% higher than the current market price of ₹687.00.

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

The Market Cap of ICICI Prudential Life Insurance Company Ltd is 99,335 Cr..

What is the current Stock Price of ICICI Prudential Life Insurance Company Ltd as on 24 November 2024?

The current stock price of ICICI Prudential Life Insurance Company Ltd as on 24 November 2024 is 687.

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 797/463.

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 113.

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

The Book Value of ICICI Prudential Life Insurance Company Ltd is 80.1.

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.

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 Prudential Life 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