ICICI Lombard shares up 1.34% as Nifty drops

NEW DELHI: Shares of ICICI Lombard General Insurance Company Ltd. traded 1.34 per cent up in Monday's trade at 10:05AM (IST). Around 1,695 shares changed hands on the counter.

The stock opened at Rs 1302.95 and touched an intraday high and low of Rs 1333.0 and Rs 1302.95, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1422.85 and a 52-week low of Rs 1049.1.

Total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 65000.65 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 4723.62 crore for the quarter ended 30-Jun-2023, down 13.27 per cent from previous quarter's Rs 5446.57 crore and down 13.84 per cent from the year-ago quarter's Rs 4149.38 crore.

The net profit for latest quarter stood at Rs 390.36 crore, up 11.84 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 15.21 per cent stake in the firm, while foreign institutional investors held 22.0 per cent and the promoters 48.01 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 36.72 and a price-to-book ratio of 5.03. 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.