ICICI Lombard shares down 0.2% as Nifty drops

NEW DELHI: Shares of General Insurance Company Ltd. traded 0.2 per cent down in Tuesday’s trade at 01:21PM (IST). Around 5,067 shares changed hands on the counter.

The scrip opened at Rs 1526.0 and touched an intraday high and low of Rs 1545.45 and Rs 1520.05, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1674.0 and a 52-week low of Rs 1201.0.

As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 75095.93 crore at the time of writing this report.




Key Financials

The company reported consolidated sales of Rs 200.16 crore for the quarter ended 30-Jun-2021, down 78.26 per cent from previous quarter’s Rs 920.72 crore and down 64.16 per cent from the year-ago quarter’s Rs 558.49 crore.

The net profit for latest quarter stood at Rs 151.63 crore, down 61.91 per cent from the corresponding quarter last year.

Shareholding pattern

As of 08-Sep-2021, DIIs held 8.8 per cent stake in the company, while foreign institutional investors held 27.41 per cent and the promoters 48.08 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 61.22 and a price-to-book ratio of 8.04. 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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