ICICI Prudential Life Insurance Company Ltd

ICICI Prudential Life Insurance Co. carries on business of providing life insurance, pensions and health insurance products to individuals and groups. Riders providing additional benefits are offered under some of these products. The business is conducted in participating, non-participating and unit linked lines of businesses. These products are distributed through individual agents, corporate agents, banks, brokers, the Companys proprietary sales force and the Company website.(Source : 201903 Annual Report Page No: 174)

  • Market Cap: 55,647 Cr.
  • Current Price: 387.55
  • 52 weeks High / Low 537.50 / 221.95
  • Book Value: 50.27
  • Stock P/E: 52.07
  • Dividend Yield: 0.81 %
  • ROCE: 19.32 %
  • ROE: 16.96 %
  • Sales Growth (3Yrs): 25.76 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 23.43%
Company has been maintaining a healthy dividend payout of 53.91%
Cons:
Stock is trading at 7.71 times its book value
Tax rate seems low
Earnings include an other income of Rs.1577.93 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Insurance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
8,442 9,525 13,555 7,290 7,899 8,972 8,669 15,895 8,343 8,143 12,875 -8,339
8,004 9,070 13,068 6,980 7,697 8,638 8,460 15,980 8,259 8,082 12,809 -7,751
Operating Profit 438 455 487 310 202 333 209 -85 84 60 66 -588
OPM % 5% 5% 4% 4% 3% 4% 2% -1% 1% 1% 1% 7%
Other Income 17 17 18 99 113 -2 118 388 232 272 257 817
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 454 472 505 409 315 332 327 303 316 332 323 229
Tax % 11% 11% 10% 17% 10% 9% 9% 14% 10% 9% 6% 22%
Net Profit 406 421 452 341 282 301 297 261 285 302 302 179
EPS in Rs 2.83 2.93 3.15 2.37 1.96 2.10 2.07 1.82 1.98 2.10 2.11 1.25
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
14,020 20,023 21,886 34,451 20,847 37,814 38,830 41,460 21,022
13,117 19,278 20,380 32,795 19,005 36,007 37,058 40,695 21,399
Operating Profit 904 745 1,505 1,656 1,842 1,807 1,772 765 -378
OPM % 6% 4% 7% 5% 9% 5% 5% 2% -2%
Other Income 627 900 129 43 0 130 132 591 1,578
Interest 16 14 15 17 0 15 20 23 0
Depreciation 56 41 47 40 0 58 44 57 0
Profit before tax 1,459 1,591 1,573 1,642 1,842 1,864 1,840 1,276 1,200
Tax % 5% 5% 1% 0% 10% 10% 12% 11%
Net Profit 1,386 1,516 1,562 1,640 1,650 1,682 1,620 1,141 1,069
EPS in Rs 9.70 10.61 10.93 11.46 11.52 11.72 11.28 7.94 7.44
Dividend Payout % 30% 32% 70% 51% 73% 63% 59% 40%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:13.63%
3 Years:25.76%
TTM:-49.27%
Compounded Profit Growth
10 Years:%
5 Years:-6.10%
3 Years:-11.59%
TTM:-6.30%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-2.72%
1 Year:0.52%
Return on Equity
10 Years:%
5 Years:26.71%
3 Years:23.43%
Last Year:16.96%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,429 1,429 1,429 1,432 1,432 1,435 1,436 1,436 1,436
Reserves 1,553 2,532 2,955 3,832 3,642 4,973 5,141 5,440 5,783
Borrowings 0 0 0 0 1,029 0 0 0 0
68,641 71,260 77,090 95,952 98,663 118,334 135,245 156,215 148,817
Total Liabilities 71,623 75,220 81,474 101,216 104,766 124,743 141,821 163,090 156,035
176 165 197 209 212 207 404 463 478
CWIP 4 7 5 6 7 7 18 13 0
Investments 70,398 73,717 80,102 99,492 103,027 121,586 138,540 159,009 151,256
1,045 1,331 1,171 1,509 1,520 2,943 2,859 3,606 4,301
Total Assets 71,623 75,220 81,474 101,216 104,766 124,743 141,821 163,090 156,035

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2,830 -2,640 -2,381 528 3,636 4,132 5,693 11,381
-814 1,563 6,004 -1,820 25 -699 -5,392 -7,563
-362 -514 -1,091 -966 -1,442 -994 -1,188 -843
Net Cash Flow 1,654 -1,591 2,532 -2,257 2,219 2,439 -887 2,975

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 46% 38% 34% 32% 30% 29% 19%
Debtor Days 0 0 0 0 3 0 0 0
Inventory Turnover