Financials ICICI Prudential Life Insurance Company Limited

Equities

ICICIPRULI

INE726G01019

Life & Health Insurance

Market Closed - NSE India S.E. 12:43:54 25/06/2024 BST 5-day change 1st Jan Change
600.4 INR -0.83% Intraday chart for ICICI Prudential Life Insurance Company Limited -1.06% +12.25%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 510,736 639,870 719,947 626,786 876,831 865,647 - -
Enterprise Value (EV) 1 502,617 646,287 725,237 631,033 880,454 874,149 875,716 865,647
P/E ratio 47.9 x 67 x 95.2 x 77.1 x 103 x 87.8 x 76.4 x 75.7 x
Yield 0.22% 0.45% 0.11% 0.14% 0.1% 0.31% 0.31% 0.28%
Capitalization / Revenue 1.55 x 1.83 x 1.98 x 1.63 x 2.1 x 1.91 x 1.7 x 1.47 x
EV / Revenue 1.53 x 1.85 x 2 x 1.64 x 2.11 x 1.93 x 1.72 x 1.47 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 7.08 x 7.03 x 7.86 x 6.21 x 7.97 x 7.35 x 6.85 x 6.46 x
Nbr of stocks (in thousands) 1,435,862 1,435,974 1,437,306 1,438,571 1,440,616 1,441,904 - -
Reference price 2 355.7 445.6 500.9 435.7 608.6 600.4 600.4 600.4
Announcement Date 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 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 328,790 349,734 363,213 385,595 417,597 452,343 508,254 589,540
EBITDA - - - - - - - -
EBIT 1 10,670 10,774 7,948 9,003 9,205 12,854 14,583 17,234
Operating Margin 3.25% 3.08% 2.19% 2.33% 2.2% 2.84% 2.87% 2.92%
Earnings before Tax (EBT) 1 10,670 10,774 7,948 9,003 9,205 10,965 13,221 13,241
Net income 1 10,670 9,562 7,592 8,135 8,507 10,072 11,497 12,280
Net margin 3.25% 2.73% 2.09% 2.11% 2.04% 2.23% 2.26% 2.08%
EPS 2 7.420 6.650 5.260 5.650 5.890 6.835 7.857 7.930
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8000 2.000 0.5500 0.6000 0.6000 1.836 1.865 1.666
Announcement Date 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 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 - 113,589 68,842 95,817 - 126,291 - - - - - - - - -
EBITDA - - 2,126 2,548 - - - - - - - - - - -
EBIT 3,120 2,224 1,568 2,002 2,261 3,172 2,074 2,477 - 2,313 2,341 - - - -
Operating Margin - 1.96% 2.28% 2.09% - 2.51% - - - - - - - - -
Earnings before Tax (EBT) - - 1,568 2,002 - - - - - 2,313 - - - - -
Net income 3,120 1,869 1,566 2,001 2,216 2,353 2,062 2,439 4,501 2,269 1,737 - - - -
Net margin - 1.65% 2.27% 2.09% - 1.86% - - - - - - - - -
EPS 2.160 1.290 - 1.390 1.540 1.630 1.430 1.690 - 1.570 1.200 - - - -
Dividend per Share 1 - 0.5500 - - - 0.6000 - - - - - - - - 0.8000
Announcement Date 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
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - 6,417 5,291 4,248 3,623 8,502 10,069 -
Net Cash position 1 8,119 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15% 11.7% 8.31% 8.45% 8.07% 11.9% 12.1% 12.4%
ROA (Net income/ Total Assets) 0.67% 0.52% 0.33% 0.33% 0.31% 0.42% 0.41% 0.12%
Assets 1 1,595,580 1,831,023 2,308,300 2,501,507 2,718,632 2,393,835 2,792,242 10,191,203
Book Value Per Share 2 50.20 63.40 63.70 70.10 76.40 81.60 87.70 92.90
Cash Flow per Share - - 12.70 0.6200 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 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
600.4 INR
Average target price
645.1 INR
Spread / Average Target
+7.45%
Consensus
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