ICICI Lombard General Insurance Company Ltd

ICICI Lombard GIC Ltd. is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs147.89 billion for the year ended March 31, 2019. The company issued over 26.5 million policies and settled over 1.6 million claims as on March 31, 2019.(Source : Company Web-Site)

Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 21.87%
Cons:
Stock is trading at 11.41 times its book value
Earnings include an other income of Rs.1000.99 Cr.

Peer Comparison Sector: Insurance // Industry: Miscellaneous

Loading peers table ...

Quarterly Results Figures in Rs. Crores

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
1,898 1,857 1,999 2,194 2,111 1,817 1,845 2,680 2,508 2,197 2,245 2,854
1,676 1,621 1,703 1,917 1,803 1,862 1,935 2,263 2,162 2,288 2,316 2,397
Operating Profit 222 236 296 278 308 -45 -90 417 346 -91 -71 457
OPM % 12% 13% 15% 13% 15% -2% -5% 16% 14% -4% -3% 16%
Other Income 4 13 5 9 14 332 533 32 15 436 546 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 226 249 300 286 322 287 443 449 361 345 475 461
Tax % 2% 28% 29% 29% 28% 26% 35% 35% 34% 34% 35% 33%
Net Profit 220 180 214 204 232 212 289 293 239 228 310 308
EPS in Rs 4.51 5.11 4.67 6.37 6.46 5.27 5.01 6.82 6.78
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,567 1,974 2,193 2,856 3,549 4,012 4,352 4,234 4,826 6,164 6,912 8,375 9,804
1,773 2,381 2,491 3,337 4,394 4,193 4,578 4,456 5,271 6,568 7,174 8,500 9,163
Operating Profit -206 -407 -299 -481 -845 -181 -226 -222 -444 -404 -262 -124 642
OPM % -13% -21% -14% -17% -24% -4% -5% -5% -9% -7% -4% -1% 7%
Other Income 365 442 492 458 501 589 817 993 1,220 1,357 1,569 1,851 1,001
Interest 8 8 7 10 7 8 9 12 14 43 59 69 0
Depreciation 21 26 28 50 45 49 50 54 57 0 51 60 0
Profit before tax 130 0 158 -82 -395 351 533 705 705 910 1,196 1,598 1,642
Tax % 21% -8,648% 9% 2% -5% -0% 3% 17% 28% 23% 28% 34%
Net Profit 103 24 144 -80 -416 353 520 585 505 702 862 1,049 1,085
EPS in Rs 18.98 23.10 23.88
Dividend Payout % 59% 0% 45% -70% -0% 0% 0% 15% 27% 22% 17% 26%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.55%
5 Years:13.99%
3 Years:20.17%
TTM:16.00%
Compounded Profit Growth
10 Years:24.24%
5 Years:8.77%
3 Years:16.31%
TTM:5.71%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:64.89%
Return on Equity
10 Years:11.88%
5 Years:17.04%
3 Years:16.08%
Last Year:16.12%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Jun 2019
377 403 404 405 437 437 445 447 448 451 454 454 454
Reserves 681 1,125 1,389 1,126 1,021 1,332 1,948 2,439 2,788 3,274 4,087 4,866 4,985
Borrowings 0 0 0 0 0 0 0 0 0 485 485 485 485
2,736 3,956 4,940 6,698 9,067 10,868 12,350 11,760 13,879 19,141 24,723 27,597 28,890
Total Liabilities 3,794 5,484 6,732 8,229 10,525 12,637 14,744 14,646 17,114 23,351 29,750 33,403 34,814
112 153 135 365 393 390 373 381 373 372 368 448 465
CWIP 14 4 9 23 7 10 17 9 10 11 38 17 0
Investments 2,374 3,031 3,761 4,665 6,034 7,800 9,290 10,200 11,563 14,950 18,193 22,231 23,711
1,295 2,297 2,828 3,175 4,092 4,436 5,064 4,056 5,169 8,018 11,151 10,707 10,639
Total Assets 3,794 5,484 6,732 8,229 10,525 12,637 14,744 14,646 17,114 23,351 29,750 33,403 34,814

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
272 -90 173 938 1,028 984 595 -98 511 1,628 2,390 2,976
-511 -477 -65 -873 -1,205 -962 -706 171 -310 -1,990 -1,896 -2,856
28 503 -71 275 4 102 4 -93 -148 361 -96 -310
Net Cash Flow -212 -63 37 340 -174 124 -108 -20 53 -1 398 -190

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 9% -10% -3% -12% -30% 18% 26% 27% 23% 23% 18% 23%
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Turnover