More about ICICI Lombard General Insurance Company Limited
Fundamentals for ICICI Lombard General Insurance Company Limited
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Fundamentals for ICICI Lombard General Insurance Company Limited
Business Operations:
Sector: Financial ServicesIndustry: Insurance - Diversified
ICICI Lombard General Insurance Company Limited provides various general insurance products and services in India. The company primarily offers fire, marine, cargo, engineering, aviation, public/product liability, employee group, workmen's compensation, cyber, personal accident, and travel insurance solutions. It also provides credit, crop, cattle, weather, group and mass health, and motor, as well as home insurance solutions. In addition, the company offers underwriting and claims, customer relationship, technology, operations, finance and accounts, human resources, legal and compliance, actuarial, marketing, business analytics, administration, and fraud control, as well as reinsurance solutions. It serves its customers comprising individuals, corporates, state and central governments, government-owned enterprises, and rural customers, as well as micro, small, and medium enterprises through agents, brokers, bancassurance, tele-sales, direct alliances, motor insurance service providers, and online platforms. The company was incorporated in 2000 and is based in Mumbai, India. ICICI Lombard General Insurance Company Limited operates as a subsidiary of ICICI Bank Limited.
Revenue projections:
ICICIGI's revenue projections indicate a decrease from the prior year, which may make investors hesitant. A revenue decline could harm the company's bottom line, prompting investors to be more careful, as lower earnings often signal potential issues with profitability and future performance.
Financial Ratios:
| currentRatio | 0.280000 |
|---|---|
| forwardPE | 29.481468 |
| debtToEquity | 0.000000 |
| earningsGrowth | -0.093000 |
| revenueGrowth | 0.122000 |
| grossMargins | 0.232270 |
| operatingMargins | 0.125680 |
| trailingEps | 54.600000 |
| forwardEps | 65.671760 |
ICICIGI's current ratio 0.28 indicates the company may struggle to cover its short-term liabilities with available cash reserves and current assets. This points to potential liquidity challenges, signaling that ICICIGI might need additional funds to meet its near-term obligations.
With ICICI Lombard General Insurance Company Limited's Forward PE in a favorable range, the stock appears reasonably priced compared to its earnings. This suggests that it's not overpriced and there is room for growth, providing an encouraging opportunity for investors seeking future value increases.
ICICIGI's low earnings and revenue growth highlight a potential decline in profitability. This suggests that the company's financial health may be weakening, and profits could shrink as a result.
ICICI Lombard General Insurance Company Limited's negative gross and operating margins suggest that the company is struggling to cover its production and operating costs, leading to losses. This reflects a weakened financial state and potential difficulties in sustaining profitability.
ICICIGI's forward EPS exceeds its trailing EPS, indicating that the company is projected to be more profitable in the current financial year compared to the previous one. This suggests positive growth and improved earnings, signaling an optimistic outlook for ICICIGI's financial performance.
Price projections:
ICICIGI's price projections have been gradually revised upward, reflecting increased confidence in the company's future performance. This trend suggests analysts expect ICICIGI to achieve greater success in the coming periods.
Insider Transactions:
ICICIGI stock was sold in 8 transactions, with market price at 1839.7374877929688.There were no sell transactions throughout the period under consideration.With more buying than selling around ICICIGI's current price, investors could be expressing optimism. This trend may suggest that the market expects favorable outcomes for the stock, leading to an increased demand at these levels.
Recommendation changes over time:
ICICIGI has recently received a buy bias from analysts, indicating that the stock is being perceived as a favorable investment. This positive sentiment could encourage investors to see ICICIGI as a wise place to allocate their funds, potentially leading to increased interest in the company's stock.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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