ICICI Prudential Life Insurance Company Limited

NSEI:ICICIPRULI Stock Report

Market Cap: ₹957.4b

ICICI Prudential Life Insurance Valuation

Is ICICIPRULI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ICICIPRULI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ICICIPRULI (₹662.55) is trading above our estimate of fair value (₹62.36)

Significantly Below Fair Value: ICICIPRULI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ICICIPRULI?

Key metric: As ICICIPRULI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ICICIPRULI. This is calculated by dividing ICICIPRULI's market cap by their current earnings.
What is ICICIPRULI's PE Ratio?
PE Ratio109.3x
Earnings₹8.76b
Market Cap₹957.35b

Price to Earnings Ratio vs Peers

How does ICICIPRULI's PE Ratio compare to its peers?

The above table shows the PE ratio for ICICIPRULI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average72.7x
HDFCLIFE HDFC Life Insurance
79.4x15.9%₹1.3t
SBILIFE SBI Life Insurance
64.2x11.6%₹1.4t
MFSL Max Financial Services
114x23.4%₹392.6b
STARHEALTH Star Health and Allied Insurance
33.2x17.8%₹286.4b
ICICIPRULI ICICI Prudential Life Insurance
109.3x19.0%₹957.4b

Price-To-Earnings vs Peers: ICICIPRULI is expensive based on its Price-To-Earnings Ratio (109.3x) compared to the peer average (72.7x).

Price to Earnings Ratio vs Industry

How does ICICIPRULI's PE Ratio compare vs other companies in the Asian Insurance Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ICICIPRULI 109.3xIndustry Avg. 11.1xNo. of Companies39PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ICICIPRULI is expensive based on its Price-To-Earnings Ratio (109.3x) compared to the Asian Insurance industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is ICICIPRULI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICICIPRULI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio109.3x
Fair PE Ratio38.8x

Price-To-Earnings vs Fair Ratio: ICICIPRULI is expensive based on its Price-To-Earnings Ratio (109.3x) compared to the estimated Fair Price-To-Earnings Ratio (38.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ICICIPRULI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹662.55
₹739.00
+11.5%
12.5%₹850.00₹605.00n/a6
Dec ’25₹699.65
₹718.00
+2.6%
9.0%₹809.00₹670.00n/a3
Nov ’25₹744.95
₹742.00
-0.4%
9.0%₹809.00₹675.00n/a2
Oct ’25₹767.20
₹732.53
-4.5%
13.6%₹920.00₹590.00n/a34
Sep ’25₹753.15
₹694.56
-7.8%
8.5%₹815.00₹590.00n/a34
Aug ’25₹734.70
₹690.88
-6.0%
8.4%₹800.00₹590.00n/a34
Jul ’25₹616.70
₹652.41
+5.8%
7.7%₹800.00₹580.00n/a34
Jun ’25₹545.45
₹641.49
+17.6%
7.9%₹736.00₹520.00n/a35
May ’25₹572.90
₹640.65
+11.8%
8.0%₹736.00₹520.00n/a34
Apr ’25₹616.10
₹599.45
-2.7%
8.3%₹700.00₹515.00n/a33
Mar ’25₹539.45
₹582.75
+8.0%
6.8%₹670.00₹515.00n/a32
Feb ’25₹515.90
₹585.72
+13.5%
7.1%₹670.00₹515.00n/a32
Jan ’25₹531.95
₹620.13
+16.6%
9.1%₹690.00₹480.00n/a31
Dec ’24₹558.80
₹620.63
+11.1%
9.0%₹690.00₹480.00₹699.6532
Nov ’24₹515.35
₹619.06
+20.1%
8.9%₹690.00₹480.00₹744.9532
Oct ’24₹566.20
₹636.00
+12.3%
10.0%₹716.00₹480.00₹767.2032
Sep ’24₹561.80
₹635.69
+13.2%
10.0%₹716.00₹480.00₹753.1532
Aug ’24₹574.70
₹634.90
+10.5%
10.2%₹716.00₹480.00₹734.7031
Jul ’24₹572.50
₹563.29
-1.6%
11.5%₹665.00₹392.00₹616.7028
Jun ’24₹478.00
₹559.32
+17.0%
10.4%₹653.00₹392.00₹545.4528
May ’24₹434.50
₹559.83
+28.8%
10.5%₹653.00₹392.00₹572.9029
Apr ’24₹435.70
₹542.30
+24.5%
12.7%₹643.00₹360.00₹616.1030
Mar ’24₹407.85
₹551.10
+35.1%
12.5%₹643.00₹360.00₹539.4530
Feb ’24₹401.95
₹592.65
+47.4%
9.2%₹675.00₹430.00₹515.9031
Jan ’24₹451.30
₹636.72
+41.1%
11.5%₹790.00₹430.00₹531.9532
Dec ’23₹476.65
₹639.52
+34.2%
11.4%₹790.00₹430.00₹558.8031

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 22:14
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ICICI Prudential Life Insurance Company Limited is covered by 44 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Udit KariwalaAmbit Capital
Nitin BhasinAmbit Capital
Pankaj AgarwalAmbit Capital