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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Finance - Life InsuranceICICI PruLife Towers, 1089, Mumbai Maharashtra 400025investor@iciciprulife.com
http://www.iciciprulife.com
Management
NamePosition Held
Mr. M S RamachandranChairman & Ind.Director
Mr. Anup BagchiManaging Director & CEO
Mr. Benjamin James BulmerNon Executive Director
Mr. Anuj BhargavaNon Executive Director
Mr. Sandeep BatraNon Exe. & Nominee Director
Mr. R K NairIndependent Director
Ms. Vibha Paul RishiIndependent Director
Mr. Dileep ChoksiIndependent Director
Mr. Dilip KarnikIndependent Director

ICICI Prudential Life Insurance Company Ltd. Share Price Update

Share PriceValue
Today₹519.20
Previous Day₹519.85

Basic Stock Data of ICICI Prudential Life Insurance Company Ltd

Market Cap 74,529 Cr.
Current Price 518
High / Low616/381
Stock P/E81.7
Book Value 76.9
Dividend Yield0.12 %
ROCE10.0 %
ROE8.45 %
Face Value 10.0

Data Source: screener.in

ICICI Prudential Life Insurance Company Ltd Quarterly Results

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

ICICI Prudential Life Insurance Company Ltd Quarterly Chart

ICICI Prudential Life Insurance Company Ltd Profit & Loss

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%

ICICI Prudential Life Insurance Company Ltd Profit & Loss Yearly Chart

ICICI Prudential Life Insurance Company Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:5%
3 Years:33%
TTM:52%
Compounded Profit Growth
10 Years:-6%
5 Years:-13%
3 Years:-9%
TTM:19%
Stock Price CAGR
10 Years:%
5 Years:11%
3 Years:4%
1 Year:22%
Return on Equity
10 Years:19%
5 Years:11%
3 Years:9%
Last Year:8%

ICICI Prudential Life Insurance Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,4291,4291,4291,4321,4321,4351,4361,4361,4361,4361,4371,4391,440
Reserves1,5532,5322,9543,8333,8914,9715,1385,4355,7777,6737,7218,6518,651
Borrowings00001,02900001,2001,2001,2001,200
Other Liabilities68,64271,26077,09095,95198,413118,335135,245156,215148,818206,911234,079244,562244,562
Total Liabilities71,62375,22081,474101,215104,765124,741141,819163,086156,031217,220244,437255,851255,851
Fixed Assets176165197209212207404463932911916968596
CWIP47567718132022541170
Investments70,39873,71680,10199,491103,024121,581138,537159,003150,776211,727237,618247,726248,216
Other Assets1,0451,3321,1711,5091,5222,9462,8593,6074,3034,5605,8487,0397,039
Total Assets71,62375,22081,474101,215104,765124,741141,819163,086156,031217,220244,437255,851255,851

ICICI Prudential Life Insurance Company Ltd Reserves and Borrowings Chart

ICICI Prudential Life Insurance Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2,829-2,641-2,3825233,6344,1305,69011,3778,5967,3141,83189
Cash from Investing Activity -8131,5646,012-1,82227-696-5,389-7,559-10,797-5,084-816-1,145
Cash from Financing Activity -362-514-1,091-966-1,442-994-1,188-843-4051,205-319-112
Net Cash Flow1,654-1,5912,539-2,2642,2192,439-8872,975-2,6063,434696-1,168

ICICI Prudential Life Insurance Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000030000000
Inventory Days
Days Payable
Cash Conversion Cycle000030000000
Working Capital Days-29-19-17-10-16-2-9-9-5-2-6-6
ROCE %46%38%34%32%29%29%16%17%15%9%10%

ICICI Prudential Life Insurance Company Ltd Financial Efficiency Indicators Chart

ICICI Prudential Life Insurance Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.48%73.45%73.42%73.41%73.41%73.40%73.34%73.34%73.34%73.33%73.30%73.27%
FIIs16.51%17.17%17.17%16.92%16.35%16.13%16.63%15.41%15.20%15.43%15.51%14.73%
DIIs4.29%4.11%4.14%4.26%4.74%5.09%5.02%5.93%6.14%6.32%6.37%6.92%
Public5.72%5.27%5.27%5.40%5.50%5.38%4.99%5.31%5.30%4.92%4.81%5.06%
No. of Shareholders3,80,3643,39,6543,44,1863,63,0173,79,9813,73,9533,65,9413,84,2973,82,9443,62,3423,52,3953,58,759

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 NameNo of SharesAUM (%)Amount Invested (Cr)
ICICI Prudential Bluechip Fund96193561.22505.26
SBI Blue Chip Fund83554071.14438.87
SBI Long Term Equity Fund69048422.3362.68
SBI Balanced Advantage Fund43092170.93226.34
Franklin India Flexi Cap Fund31000001.36162.83
Aditya Birla Sun Life Frontline Equity Fund26039610.59136.77
UTI Value Fund19117751.35100.42
SBI Contra Fund18249990.5895.86
Axis Growth Opportunities Fund14393650.7975.6
Franklin India Taxshield13500001.3670.91

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

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.665.286.667.437.93
Diluted EPS (Rs.)5.655.266.657.427.93
Cash EPS (Rs.)6.245.757.087.437.93
Book Value[Excl.RevalReserv]/Share (Rs.)69.9063.5084.2850.2348.89
Book Value[Incl.RevalReserv]/Share (Rs.)70.1363.7284.7650.6949.05
Revenue From Operations / Share (Rs.)343.42433.49579.27146.43288.60
PBDIT / Share (Rs.)10.898.159.979.739.96
PBIT / Share (Rs.)10.317.699.569.739.96
PBT / Share (Rs.)9.536.899.339.739.96
Net Profit / Share (Rs.)5.655.286.667.437.93
NP After MI And SOA / Share (Rs.)5.655.286.667.437.93
PBDIT Margin (%)3.171.881.726.643.45
PBIT Margin (%)3.001.771.656.643.45
PBT Margin (%)2.771.591.616.643.45
Net Profit Margin (%)1.641.211.145.072.74
NP After MI And SOA Margin (%)1.641.211.145.072.74
Return on Networth / Equity (%)8.098.317.9014.7916.22
Return on Capital Employeed (%)0.590.460.640.910.89
Return On Assets (%)0.310.310.440.680.69
Long Term Debt / Equity (X)0.110.130.090.000.00
Total Debt / Equity (X)0.110.130.090.000.00
Asset Turnover Ratio (%)0.190.260.440.130.27
Current Ratio (X)1.010.931.041.150.91
Quick Ratio (X)1.010.931.041.150.91
Dividend Payout Ratio (NP) (%)9.7137.840.0031.6261.76
Dividend Payout Ratio (CP) (%)8.8134.770.0031.6261.76
Earning Retention Ratio (%)90.2962.160.0068.3838.24
Cash Earning Retention Ratio (%)91.1965.230.0068.3838.24
Interest Coverage Ratio (X)13.8510.2943.5711757.6711031.70
Interest Coverage Ratio (Post Tax) (X)10.717.9333.7510651.119986.91
Enterprise Value (Cr.)63088.9572358.4464578.4150261.7249519.63
EV / Net Operating Revenue (X)1.281.160.772.391.20
EV / EBITDA (X)40.2661.7545.0835.9834.61
MarketCap / Net Operating Revenue (X)1.271.150.762.431.21
Retention Ratios (%)90.2862.150.0068.3738.23
Price / BV (X)6.237.875.287.087.15
Price / Net Operating Revenue (X)1.271.150.762.431.21
EarningsYield0.010.010.010.020.02

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 of ICICI Prudential Life Insurance Company Ltd Stock

Fair Value: ₹531.53

The stock is undervalued by 2.61% compared to the current price ₹518

*Investments are subject to market risks

Strength and Weakness of ICICI Prudential Life Insurance Company Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 22.92%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -10.83, which is a positive sign.
  3. The company has higher reserves (5,290.77 cr) compared to borrowings (448.38 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 is trading at a high valuation with an average P/B ratio of 9.45 and average Dividend Yield of 3.30%.
  2. The stock has a high average Cash Conversion Cycle of 0.25, which may not be favorable.

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