ICICI Lombard shares down 1.45% as Nifty gains

NEW DELHI: Shares of ICICI Lombard General Insurance Company Ltd. traded 1.45 per cent down in Thursday's trade at 01:48PM (IST). Around 10,869 shares changed hands on the counter.

The scrip opened at Rs 1130.05 and touched an intraday high and low of Rs 1135.0 and Rs 1114.0, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1410.55 and a 52-week low of Rs 1070.95.

As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 54708.26 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4570.11 crore for the quarter ended 31-Dec-2022, down 2.86 per cent from previous quarter's Rs 4704.51 crore and down 13.71 per cent from the year-ago quarter's Rs 4019.13 crore.

The net profit for latest quarter stood at Rs 352.53 crore, up 11.02 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 14.3 per cent stake in the firm, while foreign institutional investors held 23.39 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 34.09 and a price-to-book ratio of 6.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance - Non Life industry.