ICICI Prudential Life Insurance Company Ltd. shares up 0.42% as Nifty gains

NEW DELHI: Shares of ICICI Prudential Life Insurance Company Ltd. traded 0.42 per cent up in Tuesday's trade at 12:59PM (IST). Around 36,410 shares changed hands on the counter.

The counter opened at Rs 389.0 and touched an intraday high and low of Rs 389.1 and Rs 381.8, respectively, in the session so far. Shares of the company of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 537.5 and a 52-week low of Rs 221.95.

Total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 55474.55 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 860.72 crore for the quarter ended 31-Mar-2020, up 137.41 per cent from previous quarter's Rs 362.55 crore and up 106.62 per cent from the year-ago quarter's Rs 416.57 crore.

The net profit for latest quarter stood at Rs 178.73 crore, down 31.53 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 4.72 per cent stake in the company, while foreign institutional investors held 13.34 per cent and the promoters 52.87 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 51.99 and a price-to-book ratio of 7.68. 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 Prudential Life Insurance Company Ltd. belongs to the Insurance - Life industry.