Projected Income Statement: ICICI Prudential Life Insurance Company Limited

Forecast Balance Sheet: ICICI Prudential Life Insurance Company Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 6,417 5,291 4,248 3,623 15,928 13,733 15,976 14,341
Change - -17.55% -19.71% -14.71% 339.64% -13.78% 16.33% -10.23%
Announcement Date 19/04/21 16/04/22 20/04/23 23/04/24 15/04/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: ICICI Prudential Life Insurance Company Limited

Fiscal Period: March 2020 2021 2022 2023 2024 2025
CAPEX 1 663 842.3 1,887 1,927 2,366 2,588
Change - 27.04% 124.05% 2.13% 22.77% 9.36%
Free Cash Flow (FCF) 1 4,809 5,789 9,721 4,240 -6,648 -7,311
Change - 20.39% 67.91% -56.38% -256.77% -9.97%
Announcement Date 15/07/20 02/06/21 03/06/22 03/07/23 04/06/24 04/06/25
1INR in Million
Estimates

Forecast Financial Ratios: ICICI Prudential Life Insurance Company Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - - - - - -
EBIT Margin (%) 3.08% 2.19% 2.33% 2.2% 2.82% 3.58% 3.84% 4.01%
EBT Margin (%) 3.08% 2.19% 2.33% 2.2% 2.82% 3.05% 3.18% 3.23%
Net margin (%) 2.73% 2.09% 2.11% 2.04% 2.51% 2.75% 2.84% 2.92%
FCF margin (%) - - - - - - - -
FCF / Net Income (%) - - - - - - - -

Profitability

        
ROA 0.52% 0.33% 0.33% 0.31% 0.39% 0.4% 0.42% 0.42%
ROE 11.72% 8.31% 8.45% 8.07% 10.34% 11.37% 11.85% 12%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) - - - - - - - -

Items per share

        
Cash flow per share 1 - 12.69 0.6214 - - - - -
Change - - -95.1% - - - - -
Dividend per Share 1 2 0.55 0.6 0.6 0.85 1.061 1.24 1.353
Change - -72.5% 9.09% 0% 41.67% 24.78% 16.87% 9.12%
Book Value Per Share 1 63.35 63.72 70.14 76.39 82.57 90.7 99.65 111.2
Change - 0.57% 10.08% 8.91% 8.09% 9.85% 9.87% 11.58%
EPS 1 6.65 5.26 5.65 5.89 8.16 9.622 10.94 12.49
Change - -20.9% 7.41% 4.25% 38.54% 17.92% 13.67% 14.21%
Nbr of stocks (in thousands) 14,35,974 14,37,306 14,38,571 14,40,616 14,45,321 14,49,180 14,49,180 14,49,180
Announcement Date 19/04/21 16/04/22 20/04/23 23/04/24 15/04/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 60.7x 53.4x
PBR 6.44x 5.86x
EV / Sales 1.7x 1.54x
Yield 0.18% 0.21%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
33
Last Close Price
583.75INR
Average target price
760.18INR
Spread / Average Target
+30.22%

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. ICICIPRULI Stock
  4. Financials ICICI Prudential Life Insurance Company Limited
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