ICICI Lombard shares down 0.63% as Nifty drops

NEW DELHI: Shares of . traded 0.63 per cent down in Wednesday’s trade at 12:18PM (IST). Around 4,219 shares changed hands on the counter.

The scrip opened at Rs 1114.85 and touched an intraday high and low of Rs 1122.4 and Rs 1104.45, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1674.0 and a 52-week low of Rs 1070.95.

As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 54650.94 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4799.75 crore for the quarter ended 31-Mar-2022, up 19.42 per cent from previous quarter’s Rs 4019.13 crore and up 32.29 per cent from the year-ago quarter’s Rs 3628.23 crore.

The net profit for latest quarter stood at Rs 312.51 crore, down 9.6 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2022, DIIs held 11.47 per cent stake in the company, while foreign institutional investors held 26.88 per cent and the promoters 48.04 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 44.49 and a price-to-book ratio of 6.89. 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.

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