Financials ICICI Prudential Life Insurance Company Limited Bombay S.E.

Equities

ICICIPRULI

INE726G01019

Life & Health Insurance

Delayed Bombay S.E. 03:30:48 30/04/2024 pm IST 5-day change 1st Jan Change
572.3 INR +2.04% Intraday chart for ICICI Prudential Life Insurance Company Limited -1.30% +7.06%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,02,884 5,10,736 6,39,870 7,19,947 6,26,786 8,25,441 - -
Enterprise Value (EV) 1 4,96,273 5,02,617 6,46,287 7,25,237 6,31,033 8,76,831 8,33,943 8,31,345
P/E ratio 44.2 x 47.9 x 67 x 95.2 x 77.1 x 103 x 84.3 x 69.1 x
Yield 0.9% 0.22% 0.45% 0.11% 0.14% 0.36% 0.34% 0.34%
Capitalization / Revenue 1.64 x 1.55 x 1.83 x 1.98 x 1.63 x 2.1 x 1.83 x 1.63 x
EV / Revenue 1.62 x 1.53 x 1.85 x 2 x 1.64 x 2.1 x 1.85 x 1.64 x
EV / EBITDA - - - - - - - -
EV / FCF 44,05,625 x - - - - - - -
FCF Yield 0% - - - - - - -
Price to Book 7.14 x 7.08 x 7.03 x 7.86 x 6.21 x 7.58 x 6.95 x 6.44 x
Nbr of stocks (in thousands) 14,35,784 14,35,862 14,35,974 14,37,306 14,38,571 14,40,812 - -
Reference price 2 350.2 355.7 445.6 500.9 435.7 572.9 572.9 572.9
Announcement Date 24/04/19 25/04/20 19/04/21 16/04/22 20/04/23 23/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,05,783 3,28,790 3,49,734 3,63,213 3,85,595 4,17,597 4,51,187 5,06,884
EBITDA - - - - - - - -
EBIT 1 11,612 10,670 10,774 7,948 9,003 9,205 13,995 15,564
Operating Margin 3.8% 3.25% 3.08% 2.19% 2.33% 2.2% 3.1% 3.07%
Earnings before Tax (EBT) 1 11,612 10,670 10,774 7,948 9,003 9,205 10,915 13,159
Net income 1 11,389 10,670 9,562 7,592 8,135 8,507 10,025 11,541
Net margin 3.72% 3.25% 2.73% 2.09% 2.11% 2.04% 2.22% 2.28%
EPS 2 7.930 7.420 6.650 5.260 5.650 5.890 6.799 8.289
Free Cash Flow 1,12,645 - - - - - - -
FCF margin 36.84% - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) 989.05% - - - - - - -
Dividend per Share 2 3.150 0.8000 2.000 0.5500 0.6000 2.041 1.936 1.974
Announcement Date 24/04/19 25/04/20 19/04/21 16/04/22 20/04/23 23/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 92,865 - 1,13,589 68,842 95,817 - 1,26,291 - - - - - - - - -
EBITDA - - - 2,126 2,548 - - - - - - - - - - -
EBIT 1 4,757 3,120 2,224 1,568 2,002 2,261 3,172 2,074 2,477 - 2,313 2,341 - - - -
Operating Margin 5.12% - 1.96% 2.28% 2.09% - 2.51% - - - - - - - - -
Earnings before Tax (EBT) - - - 1,568 2,002 - - - - - 2,313 - - - - -
Net income 1 4,456 3,120 1,869 1,566 2,001 2,216 2,353 2,062 2,439 4,501 2,269 1,737 - - - -
Net margin 4.8% - 1.65% 2.27% 2.09% - 1.86% - - - - - - - - -
EPS 2 3.090 2.160 1.290 - 1.390 1.540 1.630 1.430 1.690 - 1.570 1.200 - - - -
Dividend per Share 2 - - 0.5500 - - - 0.6000 - - - - 0.6000 - - - 0.8000
Announcement Date 19/10/21 18/01/22 16/04/22 16/07/22 15/10/22 17/01/23 20/04/23 18/07/23 17/10/23 17/10/23 17/01/24 23/04/24 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 6,417 5,291 4,248 5,286 8,502 5,905
Net Cash position 1 6,610 8,119 - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1,12,645 - - - - - - -
ROE (net income / shareholders' equity) 15% 15% 11.7% 8.31% 8.45% 11.9% 12.7% 12.5%
ROA (Net income/ Total Assets) 0.75% 0.67% 0.52% 0.33% 0.33% 0.38% 0.44% 0.53%
Assets 1 15,24,468 15,95,580 18,31,023 23,08,300 25,01,507 25,15,565 22,82,200 21,98,321
Book Value Per Share 2 49.00 50.20 63.40 63.70 70.10 75.60 82.40 88.90
Cash Flow per Share - - - 12.70 0.6200 - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 24/04/19 25/04/20 19/04/21 16/04/22 20/04/23 23/04/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
34
Last Close Price
572.9 INR
Average target price
637.7 INR
Spread / Average Target
+11.31%
Consensus
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