If you are searching for the best stock to invest in recently, then you should know about ICICI Lombard General Insurance Company Limited. In this blog post, I am explaining ICICI Lombard’s share price target for 2024, 2025, 2030, and 2040, its financial condition, future outlook, and more. To do this, I researched and took expert advice from various sources to make this blog post about the company’s future growth, performance, outlook, etc.
Before diving into the deep analysis we have to know the history of the company, its management, its products, and its customers so let’s have a look.
Overview of ICICI Lombard General Insurance Company Ltd.
ICICI Lombard General Insurance Company Limited is a joint venture company between ICICI Bank Ltd and Fairfax Financial Holdings Ltd. It was incorporated on October 30, 2000. The company is one of the leading private-sector general insurance companies in India and has maintained a strong presence in the market over the years.
Management of ICICI Lombard General Insurance Company Ltd.
Chairperson: Lalita D. Gupte
Managing Director & CEO: Sanjeev Mantri
Director: Sandeep Batra
Executive Director: Alok Kumar Agarwal
Director: Ashvin Parekh
Chief Financial Officer: Gopal Balachandran
Company Secretary: Vikas Mehra
Business Areas of ICICI Lombard General Insurance Company Ltd.
ICICI Lombard operates in various segments of general insurance, including:
Motor Insurance
Health Insurance
Travel Insurance
Home Insurance
Marine Insurance
Commercial Insurance
About ICICI Lombard General Insurance Company Ltd.
| Sector | Insurance |
| Market cap | 103570.74 Cr. |
| PE | 49.12 |
| PB | 8.41 |
| Dividend Yield | 0.52% |
| Cash | 334.58 Cr. |
| Debt | 35 Cr. |
| EPS | 42.67 |
| Sales Growth | -20 |
| ROE | 17.17% |
| ROCE | 22.79% |
| Profit Growth | 10.96% |
Fundamental Analysis of ICICI Lombard General Insurance Company Ltd.
| Particulars | 2020-2021 (%) | 2021-2022 (%) | 2022-2023 (%) | 2023-2024 (%) |
| Sources of funds | ||||
| Share Capital | 0.03% | 7.99% | 0.05% | 0.32% |
| Reserve and Surplus | 22.92% | 23.44% | 14.85% | 15.83% |
| Fair Value A/C | 272.00% | -49.08% | -38.40% | 377.55% |
| Policy Holders Fund | 561.99% | -47.03% | -62.79% | 294.95% |
| Total Liabilities | 38.90% | 13.05% | 9.43% | 22.03% |
| Application of funds | ||||
| Investment | 17.35% | 25.57% | 11.33% | 13.25% |
| Loans | N/A | N/A | N/A | N/A |
| Total Net block | -7.69% | -7.61% | -4.90% | 12.66% |
| Other N/C Assets | 14.11% | -1.90% | -18.53% | 33.01% |
| Net Current Assets | 10.18% | 28.89% | 11.30% | 10.65% |
| Total Assets | 38.90% | 13.05% | 9.43% | 22.03% |
- Revenue Growth: ICICI Lombard has seen a solid growth in revenue from operations, with an increase of 3.10% compared to the previous quarter.
- Expenditure Growth: The total expenditure has also risen by 2.84%, which is slightly lower than the revenue growth.
- Profitability: The company’s profit before tax and net profit have increased significantly, by 10.92% and 11.72%, respectively. This indicates improved profitability.
- Earnings Per Share (EPS): The EPS has also shown a positive growth of 11.67%, reflecting the overall improvement in financial performance.
- The PE Ratio of ICICI Lombard is 49.14 which is high and comparatively overvalued.
Shareholding Pattern of ICICI Lombard (as of June 2024)
- Promoters: 51.81%
- FII: 23.94%
- DII: 17.24%
- Public: 7%
- Others: 0%
Promoter Holding
There has been a gradual increase in the promoter’s holding from June 2023 (48.01%) to June 2024 (51.81%). This suggests that promoters have been buying more shares, increasing their stake in the company which indicates the confidence of the promoters in the company’s future performance, which can be a positive signal for investors.
Institutional Investors
FII (23.94%) and DII (17.24%) Holdings: The company can attract smart investors which is a positive sign as it reflects confidence from large, professional investors in the company’s prospects.
Public Shareholding
7% of the shares are held by the public, which is relatively small compared to institutional and promoter holdings. This might imply lower retail investor participation or focus on institutional and promoter holdings in the company’s ownership structure.
Future Outlook of ICICI Lombard General Insurance Company Ltd.
The company has consistent performance and robust financial condition. The company has a strong focus on innovation, customer service, and risk management. ICICI Lombard is well-positioned to capitalize on growth opportunities in the insurance sector.
Dividend History of ICICI Lombard General Insurance Company Ltd.
| Ex-Date | Record Date | Dividend % | Amount (₹) | Type |
| 07 Jun 2024 | 07 Jun 2024 | 60% | 6 | Final |
| 27 Oct 2023 | 27 Oct 2023 | 50% | 5 | Interim |
| 12 Jun 2023 | 12 Jun 2023 | 55% | 5.5 | Final |
| 27 Oct 2022 | 28 Oct 2022 | 45% | 4.5 | Interim |
| 28 Jul 2022 | 29 Jul 2022 | 50% | 5 | Final |
Dividend Growth:
The dividend percentage increased from 45% in October 2022 to 60% in June 2024. This indicates a positive growth in dividend payouts, which shows the company’s ability to generate and distribute higher profits to its shareholders over time.
Dividend Stability:
Types of Dividends: The company alternates between interim and final dividends, with the final dividend usually being higher than the interim dividend. For instance, in 2023, the interim dividend was 50%, and the final dividend was 55%.
Amount per Share: The amount per share has also shown an upward trend, from ₹4.5 in October 2022 to ₹6 in June 2024. This increase further signifies the company’s improved profitability and its willingness to share profits with shareholders.
- Increasing Dividends: The consistent increase in dividend percentage and amount per share reflects strong financial performance and a shareholder-friendly approach.
- Dividend Consistency: Regular dividend payments, with both interim and final dividends, provide a reliable income stream for investors, enhancing the attractiveness of the stock.
- Positive Outlook: The upward trend in dividends suggests that the company is on a growth trajectory, which is a positive indicator for potential and current investors.
ICICI Lombard Share Price Target for 2024 to 2030
| Year | Minimum | Maximum |
| 2024 | 2050 | 2202 |
| 2025 | 2120 | 2444 |
| 2026 | 2338 | 2623 |
| 2027 | 2554 | 2863 |
| 2028 | 2751 | 3171 |
| 2029 | 3047 | 3545 |
| 2030 | 3413 | 4236 |
ICICI Lombard Share Price Target for 2024
In this volatile market the showing stable growth with an uptrend in its price so we are expecting the trend will continue in the future. The growing insurance market will boost the company’s growth as per our analysis the ICICI Lombard Share Price Target for 2024 will be a minimum of 2050 if the trend continues the maximum will be 2202.
ICICI Lombard Share Price Target for 2025
The company is showing consistent revenue growth from its operations which indicates the revenue will increase in the future also which can attract more investors to invest in the company. This will increase the share price so we are expecting the ICICI Lombard Share Price Target for 2025 will be a minimum of 2120 and a maximum of 2444.
ICICI Lombard Share Price Target for 2026
The promoters of the company increasing their stack in the company indicates that the promoters believe that the company will give the best performance future. FII and DII in the company are 23.94% and 23.94% respectively smart money is intreated in the company so will boost the company’s performance in the future so we are expecting ICICI Lambard Share Price Target for 2026 will be a minimum of 2338 and a maximum will be 2623.
ICICI Lombard Share Price Target for 2027
As per the Indian Brand Equity Foundation, the insurance market in India is expected to reach US $ 222 billion by 2026. and the govt of India also promotes the insurance sector by launching schemes like Pradhan Mantri Fasal Bima Yojana, and Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will boost the sector performance so we are expecting the ICICI Lombard Share Price Target for 2027 will be minimum of 2554 and maximum will be 2863.
ICICI Lombard Share Price Target for 2028
The company has a strong focus on innovation, customer service, and risk management. ICICI Lombard is well positioned to capitalize on growth opportunities in the insurance sector so we are expecting the ICICI Lombard Share Price Target for 2028 will be a minimum of 2751 and a maximum of 3171.
ICICI Lombard Share Price Target for 2029
The consistent increase in dividend percentage and amount per share reflects strong financial performance and a shareholder-friendly approach. The upward trend in dividends suggests that the company is on a growth trajectory, which is a positive indicator for potential and current investors attract new investors to invest in the company will indicate the share price will go up in the future so we are expecting the ICICI Lombard Share Price Target for 2029 will be minimum of 3047 and maximum will be 4236.
ICICI Lombard Share Price Target for 2030
The insurance company will continue to invest to reach a wider customer base and they are investing in the use of data analytics to better understand customer needs, assess risks, and develop tailored products that will give strength to the company in the future so we are expecting ICICI Lambard Share Price Target for 2030 will be minimum of 3413 and maximum of 4236.
Final Words
Overall, ICICI Lambard is one of the leading insurance companies in India with a strong financial track record and has strong growing opportunities in the future. This is not a buy-sale suggestion. we believe that investing in fundamental stocks will give maximum return in the future. After our analysis, we come to this conclusion. If you are interested please take your financial adviser service. If you have suggestions pls give your feedback.
Read More: Automobile Corporation of Goa Ltd. (ACGL)Share Price Target 2024,2025 till 2030
FAQ
What is ICICI Lombard’s Share Price Target for 2025?
The company is showing consistent revenue growth from its operations which indicates the revenue will increase in the future also which can attract more investors to invest in the company. This will increase the share price so we are expecting the ICICI Lombard Share Price Target for 2025 will be a minimum of 2120 and a maximum of 2444.
What is ICICI Lombard’s Share Price Target for 2024?
In this volatile market the showing stable growth with an uptrend in its price so we are expecting the trend will continue in the future. The growing insurance market will boost the company’s growth as per our analysis the ICICI Lombard Share Price Target for 2024 will be a minimum of 2050 if the trend continues the maximum will be 2202.
What is ICICI Lombard’s Share Price Target for 2030?
The insurance company will continue to invest to reach a wider customer base and they are investing in the use of data analytics to better understand customer needs, assess risks, and develop tailored products that will give strength to the company in the future so we are expecting ICICI Lambard Share Price Target for 2030 will be minimum of 3413 and maximum of 4236.
