Valuation ICICI Lombard General Insurance Company Limited

Equities

Market Closed - NSE India S.E. Other stock markets 04:35:08 11/05/2026 pm IST			5-day change	1st Jan Change
1,828.60 ^INR	+0.03%		+4.09%	-6.80%

30/04	Icici lombard gets tax order imposing penalty 30.6 million rupees	RE
16/04	YES Research Downgrades ICICI Lombard General Insurance to Add from Buy; Price Target is INR2,200	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	6,51,525	6,52,051	5,25,258	8,29,918	8,88,741	9,11,477	-	-
Change	-	0.08%	-19.45%	58%	7.09%	2.56%	-	-
Enterprise Value (EV) ¹	6,54,098	6,51,675	5,23,577	8,26,923	8,87,865	8,42,858	9,17,812	9,19,085
Change	-	-0.37%	-19.66%	57.94%	7.37%	-5.07%	0.7%	0.14%
P/E ratio	44.4x	51.4x	30.4x	43.4x	35.7x	31x	28.5x	24.5x
PBR	8.76x	7.16x	5.05x	6.94x	6.21x	5.49x	4.73x	4.12x
PEG	-	-2.6x	0.8x	4.2x	1.2x	3.12x	2.5x	1.5x
Capitalization / Revenue	5.36x	4.04x	2.9x	4.2x	3.87x	3.29x	3.12x	2.73x
EV / Revenue	5.38x	4.04x	2.89x	4.19x	3.87x	3.25x	3.14x	2.76x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	33.5x	36.3x	22x	43.4x	39.2x	33.4x	30.7x	26x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	8	8	9.5	10.5	11.5	13.5	15.27	17.49
Rate of return	0.56%	0.6%	0.89%	0.62%	0.64%	0.79%	0.84%	0.96%
EPS ²	32.27	25.82	35.16	38.78	50.25	55.24	64.08	74.49
Distribution rate	24.8%	31%	27%	27.1%	22.9%	24.4%	23.8%	23.5%
Net sales ¹	1,21,614	1,61,297	1,80,949	1,97,521	2,29,366	2,58,949	2,91,956	3,33,466
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	19,554	17,940	23,823	19,059	22,669	25,237	29,868	35,330
Net income ¹	14,730	12,710	17,290	19,186	25,083	27,719	32,237	37,320
Net Debt ¹	2,574	-376.4	-1,681	-2,996	-875.7	-9,868	6,335	7,608
Reference price ²	1,433.20	1,328.30	1,069.50	1,684.50	1,792.85	1,828.00	1,828.00	1,828.00
Nbr of stocks (in thousands)	4,54,595	4,90,891	4,91,125	4,92,679	4,95,714	4,98,620	-	-
Announcement Date	17/04/21	21/04/22	18/04/23	17/04/24	15/04/25	15/04/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	31.79x	3.54x	-	0.75%	965.11Cr
ALLIANZ SE	12.09x	-	-	4.96%	16TCr
CHUBB LIMITED	12.29x	2.8x	-	1.25%	12TCr
ZURICH INSURANCE GROUP LTD	13.99x	1.75x	-	5.8%	10TCr
MARSH & MCLENNAN COMPANIES	18.98x	3.38x	11.82x	2.28%	7.87TCr
HARTFORD FINANCIAL SERVICES GROUP (THE), INC.	9.96x	1.39x	-	1.82%	3.62TCr
TALANX AG	9.84x	0.59x	-	3.95%	3.21TCr
HELVETIA BALOISE HOLDING AG	-426.61x	1.32x	-	3.92%	2.67TCr
UNIPOL ASSICURAZIONI S.P.A.	11.08x	0.72x	0.74x	5.3%	1.87TCr
ASR NEDERLAND N.V.	10.7x	-	-	5.7%	1.56TCr
Average	-29.59x	1.94x	6.28x	3.57%	6.1TCr
Weighted average by Cap.	-5.87x	2.20x	9.69x	3.68%