ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 61359.50 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 452.05 Crore, down -16.47 % from last quarter Total Income of Rs 541.19 Crore and up 3.52 % from last year same quarter Total Income of Rs 436.69 Crore. Company reported net profit after tax of Rs 313.53 Crore in latest quarter.
Investment Rationale
Revival of premium growth in motor segment and possible price hikes in motor TP remain positive triggers. It maintains ADD with a target price of Rs1,584, implying 37x FY22E EPS of ~Rs42.4.
Promoter/FII Holdings
Promoters held 51.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 28.7 per cent, DIIs 12 per cent and public and others 7.4 per cent.
