Buy ICICI Lombard General Insurance Company, target price Rs 2,150: JM Financial

JM Financial has a Buy call on ICICI Lombard General Insurance Company with a target price of Rs 2,150. The current market price of ICICI Lombard General Insurance Company is Rs 1940. The time period given by the analyst is a year when ICICI Lombard General Insurance price can reach defined target. ICICI Lombard General Insurance Company, incorporated in 2000, is a Large Cap company with a market cap of Rs 96490.06 crore, operating in Financial Services sector.

ICICI Lombard General Insurance Company’s key products/revenue segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2024.

Financials
For the quarter ended 31-03-2025, the company has reported a Standalone Total Income of Rs 6110.76 crore, down -.78 % from last quarter Total Income of Rs 6158.98 crore and up 13.26% from last year same quarter Total Income of Rs 5395.46 crore. The company has reported net profit after tax of Rs 509.59 crore in the latest quarter. The company’s top management includes Mrs.Lalita D Gupte, Mr.Antony Jacob, Mr.Murali Sivaraman, Mr.Ved Prakash Chaturvedi, Mr.Suresh Kumar, Mr.Uday Chitale, Mr.Rakesh Jha, Mr.Sandeep Batra, Mr.Alok Kumar Agarwal, Mr.Sanjeev Mantri, Ms.Preeti Reddy. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 50 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 51.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 23.68 per cent, DIIs 17.7 per cent.