On 6 Nov 2026, ICICI Lombard General Insurance Company was priced at ₹1,649.00, or 32.4× trailing earnings, and the shares are 20% below their 52-week high. Net profit grew 17% a year over 3 years, with ROE of 14%. ROCE and debt-to-equity are not meaningful for insurers; it trades at 3.94× book value and its dividend yield is 0.8%. It is a mid-cap company with a market cap of ₹82,393 Cr, ranked 35th of 599 Insurance (Diversified) companies by market cap; the shares fell 21% over the past year.
- ₹1,618.00
- ₹1,649.00
- ₹1,595.40
- ₹1,620.00
- 3.8 L
Health check
- ReturnsBehind
−20.6% over a year, better than 1 of 7 peers.
- Price tagPricier
P/B 3.94 vs peer median 2.89.
- GrowthStrong
Profit +17.0% a year over 3 years.
- ProfitabilityAverage
ROE 13.6% vs peer median 16.5%.
- Balance sheetSolid
Return on assets 2.70%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Mid cap
Defensive
Key metrics
- Market cap
- ₹82,393 Cr
- Mid cap
- P/E
- 32.4
- Industry 17.7
- Price to book
- 3.94
- Peers 2.89
- Dividend yield
- 0.85%
- ROE
- 13.6%
- Peers 16.5%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹50.91
- Face value ₹10
- OPM (TTM)
- 11.6%
- Net margin 8.8%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +15.3%
- Latest quarter vs a year ago
- Price to sales
- 2.84
- EV/EBITDA 22.5
Strengths and risks
Strengths and risks
Nothing stands out either way in the headline numbers.
About ICICI Lombard General Insurance Company
ICICI Lombard General Insurance Company Limited provides various general insurance products and services in India. The company primarily offers fire, marine, cargo, engineering, aviation, public/product liability, employee group, workmen's compensation, cyber, personal accident, and travel insurance solutions. It also provides credit, crop, cattle, weather, mass health, and motor, as well as home insurance solutions. In addition, the company offers…
- Headquarters
- Mumbai
- Employees
- 15,008
- Sector
- Financial Services
- ISIN
- INE765G01017
- Website
- icicilombard.com
Price range
- Avg volume (3M)
- 8.8 L
- 1-year return
- minus 20.6%
- From 52-week high
- minus 20.1%
Analyst consensus
Next results expected around 12 Jan 2027
Peers · Insurance - Diversified
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 12.5% | 1.65% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 16.8% | 0.76% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 14.4% | 1.70% | plus 5.1% |
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 18.2% | 0.50% | plus 1.2% |
| LICILife Insurance Corporation of India | 394.00 | minus 3.43% | 4,98,410 | 8.0 | 2.95 | 37.8% | 16.9% | 2.54% | minus 9.9% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 8.9% | 0.14% | plus 11.4% |
| NSENational Stock Exchange of Ind | 1,908.35 | plus 0.74% | 4,72,317 | 43.1 | 11.03 | 26.7% | – | 0.00% | plus 5.0% |
| ICICIGIICICI Lombard General Insurance Company | 1,649.00 | plus 1.79% | 82,393 | 32.4 | 3.94 | 13.6% | 17.0% | 0.85% | minus 20.6% |
| Median of 7 peers | – | 1.66% | 6,77,005 | 19.3 | 2.89 | 16.5% | 15.6% | 0.76% | 5.0% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 6,424 | 6,905 | 6,776 | 7,124 | 8,205 | |
| 5,430 | 6,035 | 6,058 | 6,588 | 6,957 | |
| 994 | 870 | 718 | 536 | 1,247 | |
| 15.5% | 12.6% | 10.6% | 7.5% | 15.2% | |
| 994 | 870 | 718 | 536 | 1,247 | |
| 24.8% | 24.3% | 23.9% | 24.7% | 24.1% | |
| 747 | 659 | 547 | 403 | 946 | |
| 14.92 | 13.14 | 10.89 | 8.03 | 18.95 |
Profit & loss
- Profit CAGR 3Y
- +17.0%
- EPS CAGR 3Y
- +16.2%
- ROE
- 13.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18,570 | 21,768 | 24,901 | 28,141 | |
| – | +17.2% | +14.4% | +13.0% | |
| 16,316 | 19,079 | 21,455 | 24,317 | |
| 2,255 | 2,689 | 3,446 | 3,824 | |
| 12.1% | 12.4% | 13.8% | 13.6% | |
| 107 | 179 | 102 | 114 | |
| 80.6 | 94.1 | 101 | 91 | |
| 142 | 134 | 124 | 165 | |
| −26 | −85.2 | −0.8 | −23.4 | |
| 2,113 | 2,555 | 3,321 | 3,659 | |
| 18.2% | 24.9% | 24.5% | 24.2% | |
| 1,729 | 1,919 | 2,508 | 2,772 | |
| – | +11.0% | +30.7% | +10.5% | |
| 35.16 | 38.78 | 50.25 | 55.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 491 | 493 | 496 | 498 | |
| 9,953 | 11,712 | 13,989 | 16,135 | |
| 35 | 35 | – | – | |
| 44,607 | 51,068 | 54,660 | 59,477 | |
| 55,086 | 63,308 | 69,145 | 76,111 | |
| 506 | 660 | 654 | 661 | |
| 25.3 | 94 | 74 | 88 | |
| 42,786 | 48,584 | 53,508 | 58,338 | |
| 3,976 | 3,001 | 3,100 | 4,673 | |
| 7,793 | 10,969 | 11,809 | 12,351 | |
| 55,086 | 63,308 | 69,145 | 76,111 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1,685 | −1,921 | −1,137 | −1,733 | |
| −695 | −355 | −257 | −336 | |
| −89.5 | 131 | −247 | 554 | |
| −121 | −190 | −231 | −243 | |
| 2,169 | 2,216 | 916 | 2,379 |
Shareholding pattern
- Promoters51.28%
- Public48.72%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.28% | 48.72% | plus 0.06 | |
| 30 Jun 2026 | 51.22% | 48.78% | minus 0.07 | |
| 31 Mar 2026 | 51.29% | 48.71% | minus 0.02 | |
| 31 Dec 2025 | 51.31% | 48.69% | minus 0.06 | |
| 30 Sep 2025 | 51.37% | 48.63% | – |
Major shareholders
Filings & events
News
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