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

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 57030.33 Crore) operating in Financial Services sector.

By ETMarkets.com | Nov 25, 2022, 11.51 AM IST

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.

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 Ltd. is Rs 1161.8.

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 57030.33 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 30-09-2022, the company reported a Standalone Total Income of Rs 4704.51 Crore, up 13.38 % from last quarter Total Income of Rs 4149.38 Crore and up 18.14 % from last year same quarter Total Income of Rs 3982.27 Crore. Company reported net profit after tax of Rs 590.53 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.

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