ICICI Prudential Life Insurance coverage Firm, integrated within the 12 months 2000, is a Massive Cap firm (having a market cap of Rs 68244.54 Crore) working in Monetary Providers sector.
ICICI Prudential Life Insurance coverage Firm key Merchandise/Income Segments embrace Earnings From Monetary Providers, Different Working Income for the 12 months ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the corporate has reported a Consolidated Complete Earnings of Rs 17466.30 Crore, down -24.43 % from final quarter Complete Earnings of Rs 23111.85 Crore and up 74.88 % from final 12 months identical quarter Complete Earnings of Rs 9987.32 Crore. Firm has reported internet revenue after tax of Rs 221.56 Crore in newest quarter.
The corporate’s high administration consists of Mr.R Okay Nair, Mr.Dileep
, Ms.Vibha Paul Rishi, Mr.M S Ramachandran, Mr.N S Kannan, Mr.Anup Bagchi, Mr.Sandeep Batra, Mr.Dilip Karnik, Mr.Benjamin James Bulmer. Firm has BSR & Co. LLP as its auditors. As on 30-06-2022, the corporate has a complete of 144 Crore shares excellent.
Funding Rationale
The brokerage continues to be impressed with the corporate’s product/channel diversification strides, which have made the enterprise significantly extra strong than earlier than. Present valuation at 2x/1.8x forFY23E / FY24E P/EV is engaging. Dangers embrace decrease demand in non-par section on excessive base, and weak spot in retail safety.
Promoter/FII Holdings
Promoters held 73.4 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 16.13 per cent, DIIs 5.08 per cent.
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