The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 669.65.
Time period given by analyst is one year when ICICI Prudential Life Insurance Company price can reach defined target.
ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 95389.49 Crore) operating in Financial Services sector.
ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent, Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 690.95 Crore, down -6.04 % from last quarter Total Income of Rs 735.33 Crore and down -10.78 % from last year same quarter Total Income of Rs 774.40 Crore. Company reported net profit after tax of Rs -185.29 Crore in latest quarter.
Investment Rationale
I-Pru trades at a one-year-forward P/EV ratio of 2.6x. Given the lower opex and high persistency, the brokerage values the company at 2.9x FY23e P/EV, leading to a target price of Rs772 a share, offering ~12.4% potential from the ruling price. Key risks: Change in regulations, adverse economic events, change in persistency.
Promoter/FII Holdings
Promoters held 73.5 per cent stake in the company as of June 30, 2021, while FIIs held 17.2 per cent, DIIs 4 per cent and public and others 5.3 per cent.
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