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

Equities

ICICIPRULI

INE726G01019

Life & Health Insurance

Delayed Bombay S.E. 01:26:25 2024-04-29 am EDT 5-day change 1st Jan Change
564.8 INR -0.25% Intraday chart for ICICI Prudential Life Insurance Company Limited -2.59% +5.67%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 502,884 510,736 639,870 719,947 626,786 815,860 - -
Enterprise Value (EV) 1 496,273 502,617 646,287 725,237 631,033 876,831 824,361 821,764
P/E ratio 44.2 x 47.9 x 67 x 95.2 x 77.1 x 103 x 83.6 x 68.8 x
Yield 0.9% 0.22% 0.45% 0.11% 0.14% 0.36% 0.34% 0.35%
Capitalization / Revenue 1.64 x 1.55 x 1.83 x 1.98 x 1.63 x 2.1 x 1.81 x 1.61 x
EV / Revenue 1.62 x 1.53 x 1.85 x 2 x 1.64 x 2.1 x 1.83 x 1.62 x
EV / EBITDA - - - - - - - -
EV / FCF 4,405,625 x - - - - - - -
FCF Yield 0% - - - - - - -
Price to Book 7.14 x 7.08 x 7.03 x 7.86 x 6.21 x 7.49 x 6.87 x 6.37 x
Nbr of stocks (in thousands) 1,435,784 1,435,862 1,435,974 1,437,306 1,438,571 1,440,812 - -
Reference price 2 350.2 355.7 445.6 500.9 435.7 566.2 566.2 566.2
Announcement Date 4/24/19 4/25/20 4/19/21 4/16/22 4/20/23 4/23/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 305,783 328,790 349,734 363,213 385,595 417,597 450,633 506,222
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% 3.11% 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 6.770 8.228
Free Cash Flow 112,645 - - - - - - -
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 4/24/19 4/25/20 4/19/21 4/16/22 4/20/23 4/23/24 - -
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 - 113,589 68,842 95,817 - 126,291 - - - - - - - - -
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 10/19/21 1/18/22 4/16/22 7/16/22 10/15/22 1/17/23 4/20/23 7/18/23 10/17/23 10/17/23 1/17/24 4/23/24 - - - -
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 112,645 - - - - - - -
ROE (net income / shareholders' equity) 15% 15% 11.7% 8.31% 8.45% 11.9% 12.6% 12.4%
ROA (Net income/ Total Assets) 0.75% 0.67% 0.52% 0.33% 0.33% 0.38% 0.44% 0.53%
Assets 1 1,524,468 1,595,580 1,831,023 2,308,300 2,501,507 2,515,565 2,282,200 2,198,321
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 4/24/19 4/25/20 4/19/21 4/16/22 4/20/23 4/23/24 - -
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
566.2 INR
Average target price
635.9 INR
Spread / Average Target
+12.31%
Consensus
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