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ICICI Prudential Life Insurance Company

ICICILIFE NSE
₹423.05 No trade today
P/E
38.15
View as Markdown
MCP
Close 4 Nov 2026 ₹423.05 −180.70 −29.9% 1Y
Start ₹603.75

Key Fundamentals

MidcapInsuranceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.10%
Debt to Equity
0.19
EPS (TTM)
₹11.09
Book Value
₹92.58
Market Cap
—
P/E (TTM)
38.15
P/B
4.57
ROE
12.60%
Dividend Yield
0.40%
EBITDA
₹1,704 Cr
52W High
₹706.80
52W Low
₹401.65
Volume
0

Peer Comparison

Financial Services › Insurance › Life Insurance

ICICI Prudential Life Insurance peer comparison
LIC of India
₹408.008.59₹5,11,882 Cr2.912.53%37.80%35.10%₹9,94,088 Cr₹60,055 Cr
SBI Life Insurance
₹1,710.2064.61₹1,69,937 Cr8.360.16%13.70%15.00%₹1,21,160 Cr₹2,656 Cr
HDFC Life Insurance
₹532.5056.29₹1,15,614 Cr5.940.40%11.30%10.30%₹1,07,513 Cr₹2,048 Cr
ICICI Prudential Life Insurance (this company)
₹423.0538.15₹61,184 Cr4.570.40%12.60%10.10%₹52,714 Cr₹1,608 Cr
Max Financial Services
₹1,244.30390.06₹41,931 Cr7.510.00%1.52%2.87%₹49,822 Cr₹137 Cr
Canara HSBC Life Insurance Company
₹122.8987.16₹11,515 Cr7.120.33%8.11%8.35%₹12,482 Cr₹134 Cr
Median 6 companies₹477.7860.45₹88,399 Cr6.530.37%11.95%10.20%₹80,114 Cr₹1,828 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

28 Poor

Data confidence 97/100

Category scores

Quality
43
Weak
Returns, margins, earnings quality 22% weight
Valuation
37
Weak
Cheap vs sector & own history 24% weight
Growth
5
Poor
Sales & profit trajectory 9% weight
Financial Health
1
Poor
Solvency, leverage, coverage 9% weight
Momentum
8
Poor
Trend strength, vol-adjusted 12% weight
Ownership
29
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 4.66 times its book value
  • The company has delivered a poor sales growth of -5.30% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.75% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
40.48
Neutral
MACD (12,26,9)
−14.70
Bullish
SMA (50)
461.08
Bearish
SMA (200)
528.84
Bearish

As of

Analyst Rating

Based on 33 analysts
BUY91%

30 of 33 analysts rate Buy, 3 Hold, 0 Sell.

As of

BUY
30
91%
HOLD
3
9%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10Y+11.76%
5Y−5.30%
3Y+7.87%
1Y−10.48%

Net profit

Net profit growth by window
10Y−0.26%
5Y+10.96%
3Y+25.53%
1Y+35.58%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YOutflow narrowed by ₹4,053 Cr

Operating margin· change in pp

Operating margin growth by window
10Y−6.77 pp
5Y+2.53 pp
3Y+5.54 pp
1Y0.00 pp

Trailing twelve months: The last four quarters end with the latest fiscal year, which the 1Y column covers.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹37,816 Cr
Mar 2018₹38,832 Cr
Mar 2019₹41,463 Cr
Mar 2020₹21,025 Cr
Mar 2021₹83,182 Cr
Mar 2022₹63,564 Cr
Mar 2023₹50,478 Cr
Mar 2024₹89,683 Cr
Mar 2025₹70,778 Cr
Mar 2026₹63,357 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,682 Cr
Mar 2018₹1,619 Cr
Mar 2019₹1,139 Cr
Mar 2020₹1,067 Cr
Mar 2021₹956 Cr
Mar 2022₹759 Cr
Mar 2023₹813 Cr
Mar 2024₹851 Cr
Mar 2025₹1,186 Cr
Mar 2026₹1,608 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹3.20 +23.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

ICICI Prudential Life Insurance trades at ₹409.7 as of 2026-11-03, with a market cap of ₹59,457 Cr and a P/E (TTM) of 36.94. The stock sits near its 52-week low of ₹401.65, having declined 27% over the past year, while compounded profit growth over 3 years stands at 26% against a negative 5-year sales CAGR of -5%.

Bull Case 7
  • Strong recent profit momentum: TTM compounded profit growth is 36%, indicating a sharp acceleration in earnings
  • Solid 3-year compounded profit growth of 26%, well above the 10-year average of 0%, suggesting a structural improvement in profitability
  • Low leverage with a debt-to-equity ratio of just 0.19, providing financial stability in a cyclically sensitive insurance business
  • Last year ROE of 13% is meaningfully above the 3-year average of 9% and 5-year average of 9%, pointing to improving capital efficiency
  • Stock is trading at ₹409.7, just 2% above its 52-week low of ₹401.65, which has historically compressed valuations and may reflect much of the negative sentiment already being priced in
  • 10-year compounded sales growth of 12% demonstrates the company's long-term ability to scale premium income over a full business cycle
  • The company is expected to deliver a good upcoming quarter, which could act as a near-term catalyst for sentiment improvement
Bear Case 7
  • Revenue is contracting: TTM compounded sales growth is -10% and the 5-year sales CAGR is -5%, raising concerns about top-line sustainability
  • The stock has significantly underperformed, declining 27% over the past 1 year, 6% CAGR decline over 3 years, and 7% CAGR decline over 5 years
  • P/E (TTM) of 36.94 is rich for a company with a 10-year compounded profit growth of 0%, suggesting the recent profit surge may not be fully sustainable
  • 3-year average ROE of approximately 9% is modest for a life insurance franchise trading at over 4x book value
  • ROCE of just 0.59% indicates very poor returns on total capital employed, reflecting the capital-intensive nature of the business
  • Dividend yield of only 0.41% offers minimal income support during a period of sustained stock price decline
  • The apparent low tax rate may inflate reported earnings, meaning underlying profitability could be weaker than headline EPS of ₹11.09 suggests

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: ICICI Life delivered strong operating performance in H1FY27 with 22.3% VNB growth, 25% profit growth, and improving protection mix — all signs of healthy franchise momentum. The key overhang is cumulative IT demands of ~₹870 crore across AY23 and AY24, both under appeal, which create near-term earnings uncertainty. Underlying business trends are clearly improving, but resolution of the tax disputes will be an important watch item in coming quarters.

Headwinds 2
  • ₹591Cr IT rectification order Oct 20

    ICICI Life Insurance received a rectification order for AY 2023 demanding ₹591 crore in incremental tax and interest. The company has filed an appeal.

  • ₹279Cr tax demand for AY24 Oct 15

    A separate rectification order for AY24 carries a total demand of ₹278.9 crore. The company has filed an appeal against this order as well.

Positives 2
  • H1FY27 VNB up 22.3% Oct 21

    Value of New Business rose 22.3% YoY to ₹1,283 crore in H1FY27. Protection mix improved to 23.4%, driving margin expansion.

  • Q2FY27 net profit up 25% Oct 15

    Net profit grew 25% YoY to ₹374.2 crore in Q2FY27 with EPS of ₹2.58 vs ₹2.07. Gross premium income reached ₹14,254.6 crore and debt-equity ratio improved to 0.18 from 0.20.

Neutral 1
  • H1FY27 earnings call hosted Oct 7

    ICICI Life hosted an earnings conference call on October 13, 2026 at 3:30 pm IST to discuss H1FY27 performance.

Quarterly Results

₹ Cr

Results for the period ended Jun 2026 were due by 14 Aug 2026 and are not in this table yet.

ICICILIFE quarterly results, ₹ crore
Particulars Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
10,984
23,384
17,388
26,430
22,482
25,396
25,158
4,536
15,687
25,401
11,936
22,834
3,185
Expenses
11,400
23,663
17,682
26,584
22,760
25,362
24,839
4,295
15,272
25,188
11,955
22,093
3,940
Operating Profit
−416
−280
−293
−155
−278
34
319
241
415
213
−19
741
−754
OPM %
−3.8%
−1.2%
−1.7%
−0.6%
−1.2%
0.1%
1.3%
5%
2.6%
0.8%
−0.2%
3.2%
−24%
Other Income
780
496
570
420
549
237
−17
169
183
177
408
−243
1,036
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
364
216
276
265
270
271
302
410
598
390
389
498
281
Tax %
35%
5%
12%
14%
36%
17%
17%
21%
36%
23%
24%
22%
−122%
Net Profit
235
206
244
227
174
224
251
325
385
301
296
387
624
EPS (₹)
1.64
1.43
1.69
1.58
1.21
1.56
1.74
2.25
2.67
2.08
2.04
2.67
4.3

Profit & Loss

₹ Cr
ICICILIFE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
34,453
20,849
37,816
38,832
41,463
21,025
83,182
63,564
50,478
89,683
70,778
63,357
Expenses
32,798
19,008
36,010
37,062
40,922
21,344
83,572
65,728
52,235
90,580
69,321
62,050
Operating Profit
1,655
1,842
1,806
1,771
541
−319
−390
−2,163
−1,757
−897
1,457
1,307
OPM %
4.8%
9%
4.8%
4.6%
1.3%
−1.5%
−0.5%
−3.4%
−3.5%
−1%
2.1%
2.1%
Other Income
43
0
130
132
813
1,578
1,669
3,191
2,925
2,039
258
397
Interest
17
0
15
20
23
0
0
0
0
0
0
0
Depreciation
40
0
58
44
57
61
60
67
84
113
134
145
PBT
1,642
1,842
1,863
1,839
1,274
1,198
1,219
961
1,085
1,028
1,582
1,559
Tax %
0%
10%
10%
12%
11%
11%
22%
21%
25%
17%
25%
−3%
Net Profit
1,640
1,650
1,682
1,619
1,139
1,067
956
759
813
851
1,186
1,608
EPS (₹)
11.46
11.52
11.72
11.28
7.93
7.43
6.66
5.28
5.65
5.9
8.2
11.09
Div. Payout %
51%
73%
63%
59%
40%
11%
30%
10%
11%
10%
10%
15%

Balance Sheet

₹ Cr
ICICILIFE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,432
1,432
1,435
1,436
1,436
1,436
1,436
1,437
1,439
1,441
1,445
1,449
Reserves
3,833
3,891
4,971
5,138
5,435
5,777
7,673
7,721
8,651
9,564
10,488
12,182
Borrowings
0
1,029
0
0
0
0
1,200
1,200
1,200
1,200
2,600
2,595
Other Liabilities
95,951
98,413
1,18,335
1,35,245
1,56,215
1,48,818
2,06,911
2,34,079
2,44,562
2,86,796
2,99,705
3,03,509
Total Liabilities
1,01,215
1,04,765
1,24,741
1,41,819
1,63,086
1,56,031
2,17,220
2,44,437
2,55,851
2,99,001
3,14,239
3,19,735
Fixed Assets
209
212
207
404
463
932
911
433
479
1,168
1,315
1,378
CWIP
6
7
7
18
13
20
22
54
117
49
36
43
Investments
99,491
1,03,024
1,21,581
1,38,537
1,59,003
1,50,776
2,11,727
2,38,101
2,48,216
2,89,230
3,03,475
3,07,369
Other Assets
1,509
1,522
2,946
2,859
3,607
4,303
4,560
5,848
7,039
8,553
9,412
10,944
Total Assets
1,01,215
1,04,765
1,24,741
1,41,819
1,63,086
1,56,031
2,17,220
2,44,437
2,55,851
2,99,001
3,14,239
3,19,735

Cash Flow

₹ Cr
ICICILIFE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
523
3,634
4,130
5,690
11,377
8,596
7,314
1,831
89
−7,315
−9,408
−5,355
Investing
−1,822
27
−696
−5,389
−7,559
−10,797
−5,084
−816
−1,145
7,420
6,869
7,571
Financing
−966
−1,442
−994
−1,188
−843
−405
1,205
−319
−112
−88
1,422
−171
Net Cash Flow
−2,264
2,219
2,439
−887
2,975
−2,606
3,434
696
−1,168
17
−1,116
2,045
Free Cash Flow
471
3,583
4,078
5,622
11,270
−1,12,909
7,279
1,736
−105
−7,550
−9,663
−5,473
CFO/EBITDA
32
208
229
321
2,103
−2,710
−1,930
−95
−21
790
−623
−365

Ratios

ICICILIFE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
3
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
0
3
0
0
0
0
0
0
0
0
0
0
Working Capital Days
−10
−16
−2
−9
−9
−5
−2
−6
−5
2
3
−1
ROCE %
34%
32%
29%
29%
16%
17%
14%
9%
10%
3%
12%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view ICICI Prudential Life Insurance insights

35 extracted metrics across FY11–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.70%
  • DIIs 10.76%
  • FIIs 9.26%
  • Public 2.69%
  • Others 2.58%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about ICICI Prudential Life Insurance Company

What does ICICI Prudential Life Insurance Company Ltd do?
ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business.
Where is ICICI Prudential Life Insurance Company Ltd (ICICILIFE) listed?
ICICI Prudential Life Insurance Company Ltd trades as ICICILIFE on the NSE and under code 540133 on the BSE.
Which sector does ICICI Prudential Life Insurance Company Ltd belong to?
ICICI Prudential Life Insurance Company Ltd is classified under the Insurance sector, in the Life Insurance industry.
What is the PE ratio of ICICI Prudential Life Insurance Company Ltd?
ICICI Prudential Life Insurance Company Ltd trades at a PE ratio of 38.15 as of 4 Nov 2026, on earnings per share of ₹11.09, against a book value of ₹92.58 per share.
What is the 52-week high and low of ICICI Prudential Life Insurance Company Ltd?
Over the last 52 weeks ICICI Prudential Life Insurance Company Ltd has traded between ₹401.65 and ₹706.8 as of 4 Nov 2026.
Does ICICI Prudential Life Insurance Company Ltd pay dividends?
ICICI Prudential Life Insurance Company Ltd has a dividend yield of 0.40%.
What is the Return on Equity (ROE) of ICICI Prudential Life Insurance Company Ltd?
ICICI Prudential Life Insurance Company Ltd reported a return on equity of 12.60%. Its debt-to-equity ratio is 0.19.

Company Information

ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website. It is promoted by ICICI Bank and Prudential Corporation :- ICICI Bank (51% stake) - The company is a part of ICICI Bank Ltd which is the 2nd largest private bank in India. It offers a diversified range of products and services to retail, SME and corporate customers. Prudential Plc (22% stake) - It is a British multinational insurance company based in London, England. It is the largest UK life insurer in Asia with presence in India, China, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines and other Asian countries. It is also present in African subcontinent in Nigeria, Ghana, Togo and other countries.

Website iciciprulife.com
CEO Mr. Anup Bagchi B.Tech, PGDM
Employees 19,975
Listed 29 Sep 2016
Face Value ₹10

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