ICICI Lombard share price: ICICI Lombard shares up 2.3% as Nifty gains

NEW DELHI: Shares of General Insurance Company Ltd. traded 2.3 per cent up in Monday’s trade at 10:00AM (IST). Around 2,014 shares changed hands on the counter.

The counter opened at Rs 1424.0 and touched an intraday high and low of Rs 1424.0 and Rs 1392.1, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1625.0 and a 52-week low of Rs 1125.45.

Total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 64002.36 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 920.72 crore for the quarter ended 31-Mar-2021, up 103.68 per cent from previous quarter’s Rs 452.05 crore and up 55.11 per cent from the year-ago quarter’s Rs 593.58 crore.

The net profit for latest quarter stood at Rs 345.68 crore, up 22.61 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 9.85 per cent stake in the company, while foreign institutional investors held 29.9 per cent and the promoters 51.88 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 43.45 and a price-to-book ratio of 8.58. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance – Non Life industry.

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