Icici Lombard General Insurance Company Limited (ICICIGI)

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Icici Lombard General Insurance Company Limited (ICICIGI) · mywealthgrid

About

ICICI Lombard is a general-insurance company within India's Financials sector, with a market cap of ₹81,385.9 Cr and quarterly standalone revenue around ₹6,600–6,800 Cr. It operates as a substantial non-life insurance player with promoter control at 51.22%.

Founded: 2001
Face value: ₹10

Market cap

₹78,041 Cr

P/E

32.1×

P/B

4.6×

Dividend yield

1.3%

ROE

17.8%

ROCE

—

Debt / equity

—

OPM

—

EPS (TTM)

₹48.7

Book value

₹337.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Net profit collapsed 51% in 9 months (₹819.54 Cr in Sep 2025 to ₹403.17 Cr in Jun 2026) despite 3.5% revenue growth, signalling margin compression or deteriorating underwriting experience—verify loss ratios and claims trends.
EPS halved from ₹16.49 to ₹8.08 over the same period; stock down 14.36% over 1 year while paying regular dividends, raising questions about sustainability—verify cash-flow adequacy and payout ratios.
PE of 33.52 with declining earnings suggests valuation disconnect; investors may be pricing in a recovery that has not yet materialised—verify visibility on profit stabilisation.
Regulatory rate controls, mandatory coverage mandates, or solvency tightening can cap margins; verify recent IRDA policy changes and competitive pricing pressure in the general-insurance market.

Generated analysis · source review pending

Growth drivers

Revenue grew 16% over 12 months (₹5,851 Cr in Mar 2025 to ₹6,813 Cr in Jun 2026); verify whether driven by volume growth in premiums or rate increases, and whether both are sustainable.
ROE of 17.8% indicates capital efficiency; verify if the company retains earnings for reinvestment or if capital returns constrain expansion capacity.
Regular dividend declarations (4 events in past 12 months) suggest operating cash generation; verify whether payouts are sustainable and if retained earnings fund business expansion.
Indian general insurance penetration remains low relative to developed markets and GDP; verify market-growth rates and ICICI Lombard's share of sector expansion.

Generated analysis · source review pending

2,222 historical price candles were omitted because the exchange source has not been verified.

₹1,563.0+3.2%1Y

Quick read

rule-based

Pros

+Dividend payout of 42.2% of profit

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

43/100

Business quality: 51
Growth: 28
Valuation: 48

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Icici Lombard General Insurance Company LimitedICICIGIICICIGI	₹78,041 Cr	—	₹26,625 Cr	₹0 Cr	—	₹2,428 Cr	10.7%	—	17.8%	—
General Insurance Corporation Of IndiaGICREGICRE	₹56,825 Cr	—	₹49,141 Cr	₹0 Cr	—	₹8,901 Cr	19.6%	—	17.9%	—
Star Health And Allied Insurance Company LimitedSTARHEALTHSTARHEALTH	₹31,649 Cr	—	₹17,371 Cr	₹0 Cr	—	₹557 Cr	3.2%	—	7.6%	—
The New India Assurance Company LimitedNIACLNIACL	₹26,403 Cr	—	₹46,909 Cr	₹0 Cr	—	₹717 Cr	2.9%	—	5.7%	—
Go Digit General Insurance LimitedGODIGITGODIGIT	₹23,697 Cr	—	₹10,377 Cr	₹0 Cr	—	₹492 Cr	5.3%	—	12.1%	—
Niva Bupa Health Insurance Company LimitedNIVABUPANIVABUPA	₹13,485 Cr	—	₹6,474 Cr	₹0 Cr	—	₹131 Cr	2%	—	3.4%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2025	Mar 2026
	22,937	25,895
Operating expenses	—	—
Operating profit (EBITDA)	—	—
OPM %	—	—
Depreciation	—	—
Interest	—	—
Other income	—	—
Profit before tax	3,321	3,659
Tax	813	887
Tax %	24.5%	24.2%
	2,508	2,772
PAT margin %	10.9%	10.7%
EPS (₹)	50.7	55.7
EPS adjusted (₹)	50.6	55.6
	24.6%	24.2%
Annual report	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2025	Mar 2026
Equity capital	496	498
Reserves	13,807	16,347
Borrowings	—	—
Other liabilities	681	—
Total equity & liabilities	14,984	—
Fixed assets	802	839
CWIP	—	—
Investments	53,508	58,421
Other assets	—	—
Total assets	14,984	16,072

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 13%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 11%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 17%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	—	—
EBITDA margin %	—	—
EBIT margin %	—	—
PAT margin %	10.9%	10.7%
Working capital
Receivable days	—	—
Inventory days	—	—
Payable days	—	—
NWC days	—	—
Leverage
Current ratio	—	—
Debt to EBITDA	—	—
Debt to equity	—	—
Interest coverage	—	—
Asset turnover	1.53	1.61
Return ratios
Return on assets %	16.7%	17.2%
Return on capital employed %	—	—
Return on equity %	17.5%	16.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48%	47.91%	51.27%	51.81%	51.66%	51.6%	51.55%	51.46%	51.37%	51.31%	51.29%	51.22%
	22.37%	23.04%	23.06%	23.93%	24.75%	24.36%	23.68%	23.93%	24.04%	23.35%	22.29%	21.45%
	18.56%	18.01%	16.11%	17.29%	16.73%	17.29%	17.84%	17.61%	17.41%	18.26%	19.42%	20.65%
	0%	0%	0%	0%	0%	0%	0%	0%	0.1%	0.1%	0.1%	0.1%
	11.07%	11.04%	9.56%	6.97%	6.86%	6.75%	6.93%	7%	7.08%	6.98%	6.9%	6.58%
No. of shareholders	—	—	—	—	—	—	—	—	2,39,812	2,35,714	2,29,930	2,29,599

Promoter holding up 3.22 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
Sohel Golwalla	PledgePledge Creation	10,750	₹2.04 cr	0.00% → 0.00%	1 Oct 20257(3)
Manvinder Kaur	SellMarket Sale	2,400	₹45.52 L	0.00% → 0.00%	5 Sept 2025

67 deals · 23 Aug 2021 – 14 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849	Block	NSE	Buy	60,057	₹2,012.20	₹12.08 Cr
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	Block	NSE	Sell	60,057	₹2,012.20	₹12.08 Cr
9 May 2024	BHARTI ENTERPRISES LIMITED	Bulk	BSE	Sell	38,50,000	₹1,722.50	₹663.16 Cr
9 May 2024	ICICI BANK LIMITED	Block	BSE	Buy	21,00,000	₹1,722.50	₹361.73 Cr
9 May 2024	BHARTI ENTERPRISES LIMITED	Block	BSE	Sell	21,00,000	₹1,722.50	₹361.73 Cr
9 May 2024	AXIS MUTUAL FUND	Block	BSE	Buy	4,00,000	₹1,722.50	₹68.90 Cr
9 May 2024	BHARTI ENTERPRISES LIMITED	Block	BSE	Sell	4,00,000	₹1,722.50	₹68.90 Cr
9 May 2024	MORGAN STANLEY ASIA SINGAPORE PTE	Block	BSE	Buy	3,50,000	₹1,722.50	₹60.29 Cr
9 May 2024	BHARTI ENTERPRISES LIMITED	Block	BSE	Sell	3,50,000	₹1,722.50	₹60.29 Cr
9 May 2024	INVESCO MUTUAL FUND	Block	BSE	Buy	2,90,000	₹1,722.50	₹49.95 Cr

1–10 of 67

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Mr. Rakesh JhaNon-Executive - Non Independent Director-Chairperson
Mr. Steve DsouzaChief Risk Officer
Mr. Ved Prakash ChaturvediNon-Executive - Independent Director
Mr. Murali SivaramanNon-Executive - Independent Director
Mr. Antony JacobNon-Executive - Independent Director
Ms. Preeti ReddyNon-Executive - Independent Director
Mr. Rajive KumarNon-Executive - Independent Director
Mr. Shyam SrinivasanNon-Executive - Independent Director
Mr. Sandeep BatraNon-Executive - Non Independent Director
Mr. Sanjeev Radheyshyam MantriExecutive Director-CEO-MD
Mr. Gopal BalachandranChief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹1,590.0 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹1,573.6	+56.5	+3.7%	₹1,573.6	17,049	-848	4,154	325
23 Nov 2026	₹1,579.4	+47.5	+3.1%	₹1,579.4	174	-1	64	325
29 Dec 2026	₹1,582.0	+44.5	+2.9%	₹1,582.0	3	+3	7	325

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

107

across 17 fund houses

Held by these funds

10.17%

of the company's equity

All mutual funds

15.71%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

107 schemes · 17 fund houses

		Shares
India Opportunities Fund	ICICI Prudential Mutual Fund	59.68 L	935.2	2.44%	1.195%	+5.83 L
Growth Mid Cap FundNEW	Nippon India Mutual Fund	59.68 L	935.13	1.79%	1.195%	—
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	42.62 L	667.83	0.94%	0.854%	—
Value Fund	ICICI Prudential Mutual Fund	40.98 L	642.06	1.07%	0.821%	-0
Midcap Fund	SBI Mutual Fund	40 L	626.76	2.56%	0.801%	-0
Large Cap Fund	SBI Mutual Fund	25.54 L	400.2	0.73%	0.512%	-0
Large Cap Fund	ICICI Prudential Mutual Fund	25.22 L	395.2	0.49%	0.505%	+77,301
Midcap Fund	Axis Mutual Fund	21.9 L	343.18	0.97%	0.439%	-0

1–8 of 107

1 / 14

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

188 announcementsExport CSV

1 Oct 2026, 5:00 pmCompany Update

Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

29 Sept 2026, 10:33 amCompany Update

Digital Day - Link For The Video For The Presentation To Be Used During The Meet.

General PDF

29 Sept 2026, 10:23 amCompany Update

Digital Day Meet 2026 - Presentation

General PDF

28 Sept 2026, 7:44 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 7:42 pmBoard Meeting

Board Meeting Intimation for Approving Audited Financial Results & Audited Financial Statements For The Quarter And Half-Year Ending On September 30, 2026 And Declaration Of Interim Dividend, If Any

Exchange filing PDF

22 Sept 2026, 8:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

18 Sept 2026, 8:31 pmCompany Update

Intimation Of Digital Day Meet 2026

General PDF

15 Sept 2026, 5:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:00 pm	Company Update General	Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
29 Sept 2026, 10:33 am	Company Update General	Digital Day - Link For The Video For The Presentation To Be Used During The Meet.

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Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	—	—
EBITDA margin %	—	—
EBIT margin %	—	—
PAT margin %	10.9%	10.7%
Working capital
Receivable days	—	—
Inventory days	—	—
Payable days	—	—
NWC days	—	—
Leverage
Current ratio	—	—
Debt to EBITDA	—	—
Debt to equity	—	—
Interest coverage	—	—
Asset turnover	1.53	1.61
Return ratios
Return on assets %	16.7%	17.2%
Return on capital employed %	—	—
Return on equity %	17.5%	16.5%

33

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	1,160	₹0.2	4	+2	2
0	0	0	₹0.0	1,200	₹0.7	0	0	2
0	0	0	₹0.0	1,240	₹0.6	65	+5	5
2	+2	2	₹293.0	1,260	₹2.6	443	+8	16
0	0	0	₹0.0	1,280	₹1.4	31	+1	3
0	0	0	₹0.0	1,300	₹1.4	5	0	18
0	0	0	₹0.0	1,320	₹0.0	0	0	0
0	0	0	₹0.0	1,340	₹2.4	4	-1	73

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Icici Lombard General Insurance Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

1

17

2

33

Compounded sales growth

Compounded profit growth

Return on equity

Icici Lombard General Insurance Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Upcoming and recent1

Dividends17

Board meetings2

Option chain33

Profit & loss

Balance sheet

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

3

1

17

2

33