ICICI Prudential

₹590 12.3 | 2.1%

WEBSITE BSE:540133 NSE : ICICIPRULI 10 May, 16:01

Market Cap ₹85011 Cr.

Stock P/E 99.9

P/B 8

Current Price ₹590

Book Value ₹ 73.7

Face Value 10

52W High ₹640.8

Dividend Yield 0.1%

52W Low ₹ 420

Edit Ratio

ICICI Prudential Research see more...

Overview Inc. Year: 2000Industry: Insurance

ICICI Prudential Life Insurance Company Ltd is a life coverage organisation, that's a joint venture among ICICI Bank Limited and Prudential Corporation Holdings Limited. The Company offers life coverage, pensions and medical insurance to individuals and agencies. It conducts business in participating, non-participating and unit linked lines of companies. Its segments comprises Par Life, Par Pension, Non Par, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health and Linked Group. It gives term plans, such as ICICI Pru iProtect Smart; unit connected coverage plans (ULIPs), such as ICICI Pru Wealth Builder II and ICICI Pru Elite Life II; child education coverage plans, which includes ICICI Prudential SmartKid with Smart Life; retirement plans, along with ICICI Pru Easy Retirement; traditional financial savings/money back plans, together with ICICI Pru Cash Advantage and ICICI Pru Savings Suraksha, and Health insurance. It gives merchandise on retail, mortgage and group structures.

ICICI Prudential Share Price

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Peer Comparison

ICICI Prudential Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	9074	11359	6884	9582	9465	12629	7020	10022	9929	14788
Other Income	913	2657	-8167	13530	8314	-865	16860	7936	16921	8237
Total Income	9987	14016	-1282	23112	17779	11764	23880	17958	26850	23025
Total Expenditure	9628	13701	-1483	22869	17502	11400	23663	17682	26584	22755
Operating Profit	359	315	201	243	277	364	216	276	265	270
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	359	315	201	243	277	364	216	276	265	270
Provision for Tax	47	128	44	43	55	129	10	32	38	97
Profit After Tax	312	187	157	200	222	235	206	244	227	174
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	312	187	157	200	222	235	206	244	227	174
Adjusted Earnings Per Share	2.2	1.3	1.1	1.4	1.5	1.6	1.4	1.7	1.6	1.2

ICICI Prudential Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	13417	12283	15160	18999	22155	26811	30578	32879	34973	36321	38560	41759
Other Income	6838	9326	18784	1229	15038	11407	10822	-10939	49106	27243	11919	49954
Total Income	20255	21608	33944	20228	37193	38217	41400	21939	84079	63565	50478	91713
Total Expenditure	18699	20308	32732	18816	36040	36734	40054	19621	81832	61208	47992	90684
Operating Profit	1556	1300	1212	1412	1153	1483	1346	2318	2247	2357	2486	1027
Interest	14	15	17	12	15	20	23	19	23	32	31	0
Depreciation	41	47	40	46	58	44	57	61	60	67	83	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1556	1523	1585	1771	1784	1719	1161	1067	1077	795	900	1027
Provision for Tax	41	-38	-49	121	103	100	22	0	121	36	87	177
Profit After Tax	1515	1561	1634	1650	1682	1619	1139	1067	956	759	813	851
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1515	1561	1634	1650	1682	1619	1139	1067	956	759	813	851
Adjusted Earnings Per Share	0	0	11.4	11.5	11.7	11.3	7.9	7.4	6.7	5.3	5.7	5.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	6%	5%	8%	11%
Operating Profit CAGR	5%	2%	11%	5%
PAT CAGR	7%	-9%	-13%	-6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	31%	2%	11%	NA%
ROE Average	9%	10%	12%	24%
ROCE Average	9%	10%	12%	25%

ICICI Prudential Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3913	4197	4864	5072	6133	6574	6871	7535	8493	9024	9809
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	1200	1200	1200
Other Non-Current Liabilities	69466	75672	94573	97871	115792	131820	152576	145191	203819	228987	239173
Total Current Liabilities	1842	1605	1778	1822	2816	3426	3639	3305	3707	5226	5669
Total Liabilities	75220	81474	101215	104765	124741	141819	163086	156031	217220	244437	255851
Fixed Assets	165	197	209	212	207	404	463	457	436	433	479
Other Non-Current Assets	73743	80119	99517	103076	121669	138700	159286	151734	212887	239097	249647
Total Current Assets	1312	1157	1489	1477	2866	2714	3337	3839	3897	4908	5725
Total Assets	75220	81474	101215	104765	124741	141819	163086	156031	217220	244437	255851

ICICI Prudential Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3194	1603	4142	1876	4094	6534	5647	8622	6016	9450	10146
Cash Flow from Operating Activities	-2641	-2382	523	3634	4130	5690	11377	8596	7314	1831	89
Cash Flow from Investing Activities	1564	6012	-1822	27	-696	-5389	-7559	-10797	-5084	-816	-1145
Cash Flow from Financing Activities	-514	-1091	-966	-1442	-994	-1188	-843	-405	1205	-319	-112
Net Cash Inflow / Outflow	-1591	2539	-2264	2219	2440	-887	2975	-2606	3434	696	-1168
Closing Cash & Cash Equivalent	1603	4142	1878	4094	6534	5647	8622	6016	9450	10146	8978

ICICI Prudential Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	11.52	11.72	11.28	7.93	7.43	6.66	5.28	5.65
CEPS(Rs)	10.61	10.92	11.42	11.52	11.72	11.28	7.93	7.43	6.66	5.28	5.65
DPS(Rs)	3.39	7.65	5.85	8.4	7.35	6.7	3.15	0.8	2	0.55	0.6
Book NAV/Share(Rs)	0	0	0	35.41	42.65	45.64	47.69	52.3	58.98	62.56	67.95
Core EBITDA Margin(%)	-39.37	-65.34	-115.9	0.96	-62.67	-37.01	-30.99	40.32	-133.98	-68.52	-24.46
EBIT Margin(%)	11.6	12.4	10.46	9.32	8.05	6.41	3.8	3.25	3.08	2.19	2.33
Pre Tax Margin(%)	11.6	12.4	10.46	9.32	8.05	6.41	3.8	3.25	3.08	2.19	2.33
PAT Margin (%)	11.29	12.71	10.78	8.69	7.59	6.04	3.72	3.25	2.73	2.09	2.11
Cash Profit Margin (%)	11.29	12.71	10.78	8.69	7.59	6.04	3.72	3.25	2.73	2.09	2.11
ROA(%)	2.12	2.04	1.83	1.64	1.5	1.24	0.76	0.68	0.52	0.34	0.33
ROE(%)	44.09	38.5	36.08	33.22	30.05	25.55	17	14.86	11.97	8.7	8.67
ROCE(%)	45.28	37.57	35	35.66	31.89	27.13	17.33	14.86	12.54	8	8.51
Receivable days	0	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	32.63	34.57	44.06	47.87	66.87	94.61	77.03
Price/Book(x)	0	0	0	0	8.96	8.54	7.33	6.8	7.55	7.99	6.41
Dividend Yield(%)	0	0	0	0	1.92	1.72	0.9	0.22	0.45	0.11	0.14
EV/Net Sales(x)	0.08	0.1	0.08	0.06	2.47	2.08	1.62	1.53	1.85	1.99	1.64
EV/Core EBITDA(x)	0.71	0.95	0.97	0.87	47.41	37.6	36.78	21.68	28.74	30.71	25.37
Net Sales Growth(%)	-3.67	-8.46	23.43	25.32	16.61	21.01	14.05	7.52	6.37	3.85	6.16
EBIT Growth(%)	9.78	-2.1	4.06	11.73	0.74	-3.67	-32.44	-8.12	0.98	-26.23	13.28
PAT Growth(%)	9.36	3.03	4.68	0.96	1.91	-3.72	-29.66	-6.32	-10.39	-20.6	7.15
EPS Growth(%)	0	0	0	0.92	1.69	-3.73	-29.67	-6.32	-10.39	-20.67	7.06
Debt/Equity(x)	0	0	0	0	0	0	0	0	0.14	0.13	0.12
Current Ratio(x)	0.65	0.59	0.69	0.67	1.01	0.79	0.91	1.15	1.04	0.93	1.01
Quick Ratio(x)	0.65	0.59	0.69	0.67	1.01	0.79	0.91	1.15	1.04	0.93	1.01
Interest Cover(x)	0	0	0	0	0	0	0	0	0	0	0
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0.02	0.02	0.02

ICICI Prudential Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.41	73.41	73.4	73.35	73.35	73.35	73.33	73.29	73.27	73.24
FII	16.92	16.35	16.13	16.62	15.4	15.19	15.42	15.5	14.72	13.34
DII	4.26	4.74	5.08	5.03	5.94	6.16	6.33	6.39	6.94	8.55
Public	5.4	5.5	5.38	5	5.31	5.31	4.92	4.83	5.08	4.86
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	105.51	105.51	105.51	105.51	105.51	105.51	105.51	105.51	105.51	105.51
FII	24.32	23.49	23.19	23.9	22.16	21.86	22.18	22.31	21.2	19.22
DII	6.12	6.82	7.31	7.24	8.55	8.86	9.11	9.2	9.99	12.32
Public	7.77	7.91	7.74	7.2	7.64	7.63	7.08	6.95	7.31	7.01
Others	0	0	0	0	0	0	0	0	0	0
Total	143.73	143.73	143.75	143.85	143.86	143.86	143.89	143.96	144.01	144.06

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Stock is trading at 8 times its book value.
Earnings include an other income of Rs. 11919 Cr.
The company has delivered a poor profit growth of -12% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.