Buy ICICI Lombard General Insurance Company, target price Rs 1470: Emkay Global

Emkay Global has buy call on ICICI Lombard General Insurance Company with a target price of Rs 1470. The current market price of ICICI Lombard General Insurance Company is Rs 1187.2.

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 58196.52 Crore) operating in Financial Services sector.

ICICI Lombard General Insurance Company Ltd. key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 4149.38 Crore, down -13.55 % from last quarter Total Income of Rs 4799.75 Crore and up 21.54 % from last year same quarter Total Income of Rs 3414.09 Crore. Company reported net profit after tax of Rs 349.03 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.43 per cent, DIIs 13.94 per cent.