ICICI Lombard shares up 0.4% as Nifty drops

NEW DELHI: Shares of ICICI Lombard General Insurance Company Ltd. traded 0.4 per cent up in Tuesday's trade at 10:57AM (IST). Around 4,035 shares changed hands on the counter.

The counter opened at Rs 1212.05 and touched an intraday high and low of Rs 1235.7 and Rs 1212.05, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1369.0 and a 52-week low of Rs 1049.1.

As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 60388.74 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 5446.57 crore for the quarter ended 31-Mar-2023, up 19.18 per cent from previous quarter's Rs 4570.11 crore and up 13.48 per cent from the year-ago quarter's Rs 4799.75 crore.

The net profit for latest quarter stood at Rs 436.96 crore, up 39.82 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 14.96 per cent stake in the firm, while foreign institutional investors held 22.85 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 34.93 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.