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:
ICICI Lombard General Insurance Company Limited's revenues are expected to fall below last year's, and this forecast tends to raise concerns among investors. A revenue drop can negatively impact the company's profitability, making investors more cautious about their positions due to the risks of declining financial 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 is 0.28, suggesting that its cash reserves and current assets may not be sufficient to cover short-term debts. This indicates potential liquidity challenges, meaning the company might face difficulty meeting its immediate financial obligations without securing additional funds.
ICICI Lombard General Insurance Company Limited's Forward PE is in a reasonable range, indicating the stock is priced well relative to its earnings. The stock isn't overpriced, which leaves room for future growth, making it an attractive option for investors seeking value and long-term gains.
ICICIGI's low growth in both earnings and revenue signals a potential profit decline. This could be a sign of financial trouble, suggesting that the company's profitability might shrink in the near future.
ICICI Lombard General Insurance Company Limited's negative gross and operating margins suggest that the company is experiencing losses at both the production and operational levels. This could point to inefficiencies or declining demand for its products.
ICICI Lombard General Insurance Company Limited's forward EPS being higher than its trailing EPS points to expected growth in profitability. This suggests that the company is projected to perform better in the current financial year, with higher earnings forecasted compared to the previous year.
Price projections:
Price projections for ICICIGI have been revised upward over time, signaling increasing optimism about the company's future. This steady increase reflects a positive outlook for ICICIGI's growth and market performance.
Insider Transactions:
8 ICICIGI sales were executed, with market price at 1839.7374877929688.During the period under consideration, there were no sell transactions.ICICI Lombard General Insurance Company Limited has seen more buys than sells at its current price levels, which may suggest optimism among investors. This buying trend could indicate that the market expects a favorable performance for the stock in the near future.
Recommendation changes over time:
Analysts' recent buy bias toward ICICI Lombard General Insurance Company Limited suggests the stock is gaining favor as a strong investment choice. This optimism could drive more investors to see ICICI Lombard General Insurance Company Limited as a smart place to invest, further bolstering confidence in the company's long-term growth and potential returns.
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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