Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,271 | 5,194 | 5,391 | 5,601 | 6,147 | 6,161 | 6,051 | 6,396 | 6,869 | 6,905 | 6,825 | 7,088 |
| Expenses | 4,509 | 4,639 | 4,701 | 4,831 | 5,207 | 5,199 | 5,443 | 5,415 | 5,825 | 6,051 | 6,138 | 6,566 |
| Operating Profit | 762 | 555 | 690 | 770 | 940 | 962 | 609 | 981 | 1,044 | 854 | 686 | 522 |
| OPM % | 14% | 11% | 13% | 14% | 15% | 16% | 10% | 15% | 15% | 12% | 10% | 7% |
| Other Income | 2 | 19 | 8 | 4 | -21 | -2 | 60 | 13 | 33 | 16 | 32 | 14 |
| 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 | 764 | 574 | 698 | 774 | 919 | 960 | 668 | 994 | 1,077 | 870 | 718 | 536 |
| Tax % | 24% | 25% | 26% | 25% | 24% | 25% | 24% | 25% | 24% | 24% | 24% | 25% |
| Net Profit | 577 | 431 | 520 | 580 | 694 | 724 | 510 | 747 | 820 | 659 | 547 | 403 |
| EPS in Rs | 11.75 | 8.76 | 10.54 | 11.77 | 14.03 | 14.63 | 10.28 | 15.04 | 16.47 | 13.23 | 10.96 | 8.08 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,033 | 7,520 | 6,912 | 11,163 | 11,517 | 12,161 | 16,026 | 17,876 | 20,572 | 23,961 | 26,994 | 27,687 |
| Expenses | 5,269 | 6,601 | 7,174 | 9,494 | 9,745 | 10,090 | 15,010 | 16,612 | 17,918 | 20,554 | 23,264 | 24,581 |
| Operating Profit | 764 | 919 | -262 | 1,669 | 1,772 | 2,072 | 1,016 | 1,264 | 2,654 | 3,407 | 3,731 | 3,107 |
| OPM % | 13% | 12% | -3.8% | 15% | 15% | 17% | 6% | 7% | 13% | 14% | 14% | 11% |
| Other Income | 0 | -2 | 1,569 | -2 | 15 | 12 | 809 | 991 | 35 | 39 | 93 | 94 |
| Interest | 0 | 0 | 59 | 70 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 57 | 7 | 51 | 0 | 90 | 130 | 141 | 142 | 134 | 124 | 165 | 0 |
| Profit before tax | 708 | 910 | 1,196 | 1,598 | 1,697 | 1,954 | 1,684 | 2,113 | 2,555 | 3,321 | 3,659 | 3,201 |
| Tax % | 28% | 23% | 28% | 34% | 30% | 25% | 24% | 18% | 25% | 24% | 24% | |
| Net Profit | 507 | 702 | 862 | 1,049 | 1,194 | 1,473 | 1,271 | 1,729 | 1,919 | 2,508 | 2,772 | 2,428 |
| EPS in Rs | 11.34 | 15.56 | 18.98 | 23.10 | 26.27 | 32.40 | 25.89 | 35.21 | 38.94 | 50.60 | 55.61 | 48.74 |
| Dividend Payout % | 26% | 22% | 17% | 26% | 13% | 25% | 35% | 28% | 28% | 25% | 24% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 16% | 17% | 15% | 12% | ||
| Compounded Profit Growth | 18% | 12% | 14% | -9% | ||
| Stock Price CAGR | % | -1% | 5% | -20% | ||
| Return on Equity | 18% | 17% | 17% | 17% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 447 | 448 | 451 | 454 | 454 | 454 | 455 | 491 | 491 | 493 | 496 | 498 |
| Reserves | 2,439 | 2,789 | 3,450 | 4,087 | 4,946 | 5,680 | 7,144 | 8,702 | 9,953 | 11,712 | 13,989 | 16,135 |
| Borrowings | 0 | 0 | 485 | 485 | 485 | 485 | 485 | 255 | 35 | 35 | 0 | 0 |
| Other Liabilities | 11,760 | 12,440 | 18,965 | 24,723 | 27,517 | 30,423 | 31,214 | 41,401 | 44,607 | 51,068 | 54,660 | 59,477 |
| Total Liabilities | 14,646 | 15,676 | 23,351 | 29,750 | 33,403 | 37,042 | 39,298 | 50,848 | 55,086 | 63,308 | 69,145 | 76,111 |
| Fixed Assets | 381 | 510 | 516 | 368 | 1,965 | 664 | 717 | 941 | 883 | 930 | 728 | 834 |
| CWIP | 9 | 10 | 11 | 38 | 17 | 12 | 14 | 11 | 25 | 94 | 74 | 88 |
| Investments | 10,200 | 11,426 | 14,806 | 18,193 | 20,714 | 26,327 | 30,788 | 38,412 | 42,836 | 48,584 | 53,508 | 58,338 |
| Other Assets | 4,056 | 3,730 | 8,018 | 11,151 | 10,707 | 10,039 | 7,779 | 11,485 | 11,342 | 13,700 | 14,835 | 16,851 |
| Total Assets | 14,646 | 15,676 | 23,351 | 29,750 | 33,403 | 37,042 | 39,298 | 50,848 | 55,086 | 63,308 | 69,145 | 76,111 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -98 | 511 | 1,628 | 2,390 | 2,976 | 3,433 | 1,774 | 809 | 2,290 | 2,407 | 1,147 | 2,622 |
| Cash from Investing Activity | 171 | -310 | -1,990 | -1,896 | -2,856 | -3,382 | -1,367 | 135 | -1,685 | -1,921 | -1,137 | -1,733 |
| Cash from Financing Activity | -93 | -148 | 361 | -96 | -310 | -420 | -212 | -879 | -695 | -355 | -257 | -336 |
| Net Cash Flow | -20 | 53 | -1 | 398 | -190 | -369 | 195 | 65 | -90 | 131 | -247 | 554 |
| Free Cash Flow | -150 | 459 | 1,574 | 2,315 | 2,860 | 3,130 | 1,695 | 737 | 2,170 | 2,217 | 918 | 2,380 |
| CFO/OP | 44% | 67% | 177% | -912% | 178% | 222% | 103% | 117% | 206% | 115% | 57% | 105% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 292 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 292 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -576 | -532 | -521 | -720 | -564 | -670 | -705 | -690 | -685 | -661 | -603 | -599 |
| ROCE % | 27% | 23% | 24% | 17% | 31% | 27% | 27% | 19% | 21% | 23% | 24% | 22% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 48.00% | 47.91% | 51.27% | 51.81% | 51.66% | 51.60% | 51.55% | 51.46% | 51.37% | 51.31% | 51.28% | 51.22% |
| FIIs | 22.37% | 23.04% | 23.05% | 23.94% | 24.75% | 24.36% | 23.68% | 23.94% | 24.04% | 23.35% | 22.29% | 21.45% |
| DIIs | 18.41% | 17.86% | 15.96% | 17.15% | 16.59% | 17.17% | 17.74% | 17.52% | 17.41% | 18.25% | 19.41% | 20.64% |
| Government | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Public | 11.11% | 11.09% | 9.59% | 7.00% | 6.91% | 6.74% | 6.93% | 6.97% | 7.08% | 6.98% | 6.90% | 6.57% |
| No. of Shareholders | 2,64,710 | 2,52,680 | 2,39,489 | 2,37,248 | 2,36,699 | 2,38,406 | 2,40,853 | 2,40,980 | 2,39,812 | 2,35,714 | 2,29,930 | 2,29,599 |
Fundamentals
Market Cap₹ 75,692 Cr.
Current Price₹ 1,515
Stock P/E31.2
Book Value₹ 341
ROCE21.9 %
ROE16.6 %
Dividend Yield0.89 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-9%
Standalone figures.
Valuation
Market capRs 77,915 Cr
Enterprise valueRs 76,928 Cr
P/E (TTM)32.09x
Price to book4.68x
Price to sales2.81x
EV / EBITDA22.86x
EV / EBIT24.03x
EV / sales2.78x
Price to cash flow29.72x
Earnings yield3.12%
Dividend yield0.86%
P/E, 3-year average36.48x
P/B, 3-year average6.02x
P/E, 5-year average38.23x
P/B, 5-year average6.04x
Profitability
Operating margin (excl. other income)13.82%
Operating margin (incl. other income)14.16%
EBITDA margin12.16%
Pre-tax margin11.56%
Net profit margin8.77%
Net margin, latest quarter5.69%
ROE17.82%
ROCE23.52%
ROA3.82%
ROE, 3-year average17.85%
ROCE, 3-year average23.62%
ROA, 3-year average3.62%
ROE, 5-year average17.26%
ROCE, 5-year average22.25%
ROA, 5-year average3.39%
ROIC (approx.)15.50%
Tax rate24.24%
Other income / net worth0.56%
Growth
Sales growth (latest year)12.66%
Profit growth (latest year)10.51%
Sales CAGR, 3 years14.73%
Sales CAGR, 5 years17.29%
Profit CAGR, 3 years17.04%
Profit CAGR, 5 years13.48%
Sales growth QoQ3.86%
Profit growth QoQ-26.23%
Sales growth YoY (latest quarter)10.83%
Profit growth YoY (latest quarter)-46.03%
Per share
EPS (TTM)Rs 48.71
EPS (latest year)Rs 55.61
EPS (latest quarter)Rs 8.09
EPS, 3-year averageRs 48.38
EPS, 5-year averageRs 41.25
Book value per shareRs 333.68
Sales per shareRs 555.41
Cash flow per shareRs 52.60
Free cash flow per shareRs 47.74
Dividend per share (latest year)Rs 13.50
Dividend per share, 3-year averageRs 12.33
Dividend per share, 5-year averageRs 11.20
Dividends
Dividend payout24.28%
Dividend payout, 3-year average25.74%
Dividend payout, 5-year average28.08%
Efficiency
Asset turnover0.35x
Fixed asset turnover32.36x
Cash conversion cycle0 days
Working capital days-599 days
Leverage
Cash and bankRs 987 Cr
Net debtRs -987 Cr
Net debt / EBITDA-0.29x
Owners' fund to total sources21.85%
Cash flow
Cash from Operating Activity (latest year)Rs 2,622 Cr
Cash from Investing Activity (latest year)Rs -1,733 Cr
Cash from Financing Activity (latest year)Rs -336 Cr
Net Cash Flow (latest year)Rs 554 Cr
Free cash flow (latest year)Rs 2,380 Cr
Cash from ops / profit, 5 years0.91x
Sales to cash flow10.30x
Statement figures
Net sales (TTM)Rs 27,687 Cr
Net sales (latest year)Rs 26,994 Cr
Sales (latest quarter)Rs 7,088 Cr
Operating profit excl. other income (latest year)Rs 3,731 Cr
Operating profit (latest quarter)Rs 522 Cr
Other income (TTM)Rs 94 Cr
EBITDA (TTM)Rs 3,366 Cr
PBDT (TTM)Rs 3,366 Cr
Profit before tax (TTM)Rs 3,201 Cr
Tax (latest year)Rs 887 Cr
Net profit (TTM)Rs 2,428 Cr
Net profit (latest year)Rs 2,772 Cr
Net profit (latest quarter)Rs 403 Cr
Depreciation (TTM)Rs 165 Cr
Cost of goods sold (latest year)Rs 20,313 Cr
Total expenditure (latest year)Rs 23,264 Cr
Total income (latest year)Rs 27,088 Cr
Share capitalRs 498 Cr
ReservesRs 16,135 Cr
Shareholders' fundsRs 16,634 Cr
Total assetsRs 76,111 Cr
Net blockRs 834 Cr
Capital work in progressRs 88 Cr
InvestmentsRs 58,338 Cr
Other liabilitiesRs 59,477 Cr
Shares outstanding (crore)49.85
Ownership
Promoter holding51.22% (-0.24 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.1 is at the 3th percentile of its own 9.2-year range
(median 48.2, low 29.2, high 68.0).
P/B 4.68 is the lowest in 9.2 years (median 8.40).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ICICIGI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.9% | -2.8% | +1.9 pts |
| 1 month | -0.2% | -6.8% | +6.5 pts |
| 3 months | -11.8% | -7.6% | -4.2 pts |
| 6 months | -8.6% | +0.4% | -9.0 pts |
| 1 year | -16.9% | -9.9% | -7.0 pts |
| 2 years | -31.3% | -13.6% | -17.7 pts |
| 3 years | +19.4% | +14.2% | +5.2 pts |
| 5 years | -1.2% | +27.9% | -29.1 pts |
237 mutual fund schemes hold about ₹14,847 Cr.
Over three months 83 bought more and 53 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Mid Cap Fund | 0.87% | 940 | +118% |
| ICICI Pru India Opp Fund | 2.44% | 935 | +61% |
| Nippon India Growth Mid Cap Fund | 1.79% | 935 | +43% |
| Kotak Mid Cap Fund | 0.94% | 668 | -3% |
| ICICI Pru Value Fund | 1.07% | 642 | +22% |
| SBI Midcap Fund | 2.56% | 627 | +9% |
| SBI Midcap Fund | 2.56% | 623 | +9% |
| Bandhan Large & Mid Cap Fund | 2.02% | 424 | +17% |
| SBI Large Cap Fundd | 0.73% | 400 | +2% |
| ICICI Pru Large Cap Fund | 0.49% | 395 | +51% |
| ICICI Pru Multi Asset Allocation Fund | 0.42% | 366 | +43% |
| Axis Midcap Fund | 0.97% | 333 | -3% |
| Aditya Birla SL Flexi Cap Fund | 1.08% | 313 | -6% |
| Nippon India Multi Cap Fund | 0.55% | 308 | +100% |
| Kotak Arbitrage Fund(M | 0.36% | 270 | +87% |
| DSP Large & Mid Cap Fund | 1.45% | 266 | -1% |
| ICICI Pru Banking & Fin Serv Fund | 2.18% | 247 | +25% |
| HDFC Multi Cap Fund | 1.19% | 247 | -0% |
| ICICI Pru Banking & Fin Serv Fund | 2.18% | 244 | +25% |
| Bandhan Small Cap Fund | 0.67% | 229 | -15% |
| Invesco India Midcap Fund | 1.31% | 209 | -12% |
| Nippon India ELSS Tax Saver Fund | 1.38% | 204 | +3% |
| Franklin India Mid Cap Fund | 1.55% | 203 | -2% |
| Aditya Birla SL Large Cap Fund | 0.67% | 199 | -0% |
| Bandhan Value Fund | 1.88% | 188 | +17% |
Red flags
F-score 6 of 8| look | Regulator order or action Regulator order or action 2026-09-08: ICICI Lombard General Insurance Company Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (Listing Obligations |
| look | Auditor change Auditor change 2026-04-15: ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Insider trades
NSE insider and takeover-code disclosures| Date | Who | Role | Side | Shares | Value | How |
|---|---|---|---|---|---|---|
| 2025-09-23 | Sohel Golwalla | - | other | 7,566 | Rs 1.43 Cr | Pledge Creation |
| 2025-09-17 | Sohel Golwalla | - | other | 7,566 | Rs 0.84 Cr | ESOP |
| 2025-08-14 | Sohel Golwalla | - | other | 10,750 | Rs 2.04 Cr | Pledge Creation |
| 2025-08-13 | Manvinder Kaur | - | sell | 2,400 | Rs 0.46 Cr | Market Sale |
| 2025-07-29 | Sohel Golwalla | - | other | 11,947 | Rs 1.39 Cr | ESOP |
| 2025-05-27 | SAHIL KANGOTRA | - | sell | 600 | Rs 0.11 Cr | Market Sale |
| 2025-04-28 | VASUNDHARA BHONSLE | - | sell | 10,000 | Rs 1.85 Cr | Market Sale |
| 2025-04-24 | VASUNDHARA BHONSLE | - | sell | 38,500 | Rs 7.22 Cr | Market Sale |
| 2025-04-24 | VASUNDHARA BHONSLE | - | other | 10,000 | Rs 1.42 Cr | ESOP |
| 2025-04-17 | VASUNDHARA BHONSLE | - | other | 38,500 | Rs 5.46 Cr | ESOP |
| 2025-04-03 | VASUNDHARA BHONSLE | - | sell | 32,276 | Rs 5.91 Cr | Market Sale |
| 2025-03-28 | VASUNDHARA BHONSLE | - | other | 32,276 | Rs 4.30 Cr | ESOP |
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.
Latest quarter
Jun 2026Sales ₹7,088 Cr +10.8% vs Jun 2025.
Net profit ₹403 Cr -46.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| General Insurance Corporation of India | 56,185 | 6.33 | 17.4 % |
| Star Health & Allied Insurance Company Ltd | 31,674 | 37.5 | 9.69 % |
| New India Assurance Company Ltd | 27,734 | 36.0 | 4.29 % |
| Go Digit General Insurance Ltd | 23,411 | 47.5 | 13.1 % |
| Niva Bupa Health Insurance Company Ltd | 13,551 | 77.8 | 3.15 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-05-29 | Dividend - Rs 7 Per Share | |
| 2025-10-23 | Interim Dividend - Rs 6.50 Per Share | |
| 2025-06-06 | Dividend - Rs 7 Per Share | |
| 2024-10-28 | Interim Dividend - Rs 5.50 Per Share | |
| 2024-06-07 | Dividend - Rs 6 Per Share | |
| 2023-10-27 | Interim Dividend - Rs 5 Per Share | |
| 2023-06-12 | Dividend - Rs 5.50 Per Share | |
| 2022-10-27 | Interim Dividend - Rs 4.50 Per Share | |
| 2022-07-28 | Dividend - Rs 5 Per Share | |
| 2021-10-29 | Interim Dividend - Rs 4 Per Sh | |
| 2021-08-02 | Annual General Meeting/Dividend - Rs 4 Per Share | |
| 2021-03-18 | Interim Dividend - Rs 4 Per Share | |
| 2019-10-31 | Interim Dividend - Rs 3.50 Per Sh | |
| 2019-06-19 | Annual General Meeting/ Dividend - Rs 3.50 Per Share | |
| 2018-10-29 | Interim Dividend - Rs 2.50 Per Share | |
| 2018-07-04 | Annual General Meeting/Dividend- Rs 2.50 Per Share | |
| 2017-10-26 | Interim Dividend - Re 0.75 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.87
Max pain (expiry 2026-10-27)1,560
Largest call open interest at1,600
Largest put open interest at1,560
Implied volatility, at the money28.5%
Underlying at snapshot1,563.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.