Unclassified · NSE: ICICIGI
ICICI Lombard General Insurance share analysis
Fair value, business quality, the case for and against, and the risks — computed by VestCall from reported data, updated 14 October 2026.
ICICI Lombard General Insurance in one paragraph
ICICI Lombard General Insurance (NSE: ICICIGI) was trading at ₹1,687.6 on 14 October 2026. VestCall scores its business health 71/100 (healthy). On valuation, the price sits in the “Fairly Valued” zone (₹1,648.15 – ₹1,698.38) — inside the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.
- Share price₹1,687.6
- Business health71/100
- Growth65/100
- Financial strength56/100
- Valuation85/100 · Fair
- Valuation zoneFairly Valued
- RiskMedium
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Is ICICI Lombard General Insurance overvalued or undervalued?
At ₹1,687.6, ICICI Lombard General Insurance sits in VestCall’s “Fairly Valued” zone (₹1,648.15 – ₹1,698.38): inside the modelled fair-value range. Its valuation scores 85/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
| Valuation zone | Price band | What it means |
|---|---|---|
| Deeply Discounted | ₹1,518.76 – ₹1,617.33 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹1,617.33 – ₹1,648.15 | Below the modelled fair-value range |
| Fairly Valued (current) | ₹1,648.15 – ₹1,698.38 | Inside the modelled fair-value range |
| Valuation Premium | ₹1,698.38 and above | Above the modelled fair-value range |
The case for and against ICICI Lombard General Insurance
What supports the case
- Growth · 85/100.
- Shareholding Quality · 83/100.
- Management Stability · 65/100.
What needs proof
- Business Quality · 54/100.
- Financial Strength · 56/100.
ICICI Lombard General Insurance key ratios
| Ratio | ICICI Lombard General Insurance | Unclassified median |
|---|---|---|
| P/E | 9.88x | — |
| P/S | 2.18x | — |
| Operating margin | 9.9% | — |
| Net margin | 10.9% | — |
| Current ratio | 0.27x | — |
ICICI Lombard General Insurance growth
Growth scores 65/100, with a positive trend, measured Dec 2021 to Dec 2024.
| Measure | Reading |
|---|---|
| Revenue CAGR | 12.4% |
| Net profit CAGR | 25.4% |
| EPS CAGR | 25.1% |
| Revenue growth, latest year | 16.1% |
| Profit growth, latest year | 30.7% |
ICICI Lombard General Insurance bull, base and bear case
Modelled annual return under three sets of stated assumptions over 5 years. These are model outputs, not a forecast or a promise of return.
| Scenario | Modelled CAGR | Weight | Assumption |
|---|---|---|---|
| Bear | +1.7% | 20% | Growth decelerates to 5.7% and the multiple de-rates toward the cohort's trough. |
| Base | +15.8% | 54% | Earnings compound near the measured 15.8% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +25.7% | 26% | Growth holds at 22.2% and the market pays the full premium the measured quality supports. |
Risks to watch in ICICI Lombard General Insurance
| Review trigger | Current | Threshold | Status |
|---|---|---|---|
| Revenue growth falls below the thesis floor | 12.45% | below 8% | high · armed |
| Promoter holding drops materially | 51.22% | below 48.29%, 3 points under the Mar 2026 filing | high · armed |
| Price runs more than two sigma above its own trend | 1687.6 | at or above 2540.25 | medium · armed |
| Drawdown from the 52-week high exceeds tolerance | 17.39% | at or beyond 25% | low · armed |
| Return on equity falls below the quality floor | ROE not reported | below 15% | high · unmeasurable |
| Leverage doubles from the level underwritten today | No leverage line in the balance sheet | unavailable | high · unmeasurable |
| Promoter pledge rises above tolerance | No pledge disclosed (the NSE filing for ICICIGI could not be read either (nse_session_unavailable)) | above 10% | high · unmeasurable |
| Valuation reaches the top of its own cohort | No cohort multiple to rank against | at or above the 95th percentile | medium · unmeasurable |
An armed trigger is watched and has not fired; a breached one has.
How ICICI Lombard General Insurance shares have traded
| Measure | Reading |
|---|---|
| 52-week range | ₹1,427.7 – ₹2,042.9 |
| Distance from 52-week high | −17.4% |
| Return, 3 months | −5.6% |
| Return, 12 months | −12.4% |
| Trend | Downtrend |
| Annualised volatility | 25.0% |
| Deepest drawdown, 2 years | −37.3% |
Questions about ICICI Lombard General Insurance shares
Is ICICI Lombard General Insurance overvalued or undervalued?
At ₹1,687.6, ICICI Lombard General Insurance sits in VestCall’s “Fairly Valued” zone (₹1,648.15 – ₹1,698.38): inside the modelled fair-value range. Its valuation scores 85/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
Is ICICI Lombard General Insurance fundamentally strong?
VestCall scores ICICI Lombard General Insurance’s business health 71/100 (healthy). The strongest measured pillars are growth and shareholding quality. The ones that need proof are business quality and financial strength. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.
What is ICICI Lombard General Insurance’s P/E ratio?
ICICI Lombard General Insurance trades at a P/E of 9.88x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against ICICI Lombard General Insurance’s returns and growth.
What are the risks of investing in ICICI Lombard General Insurance?
The review triggers VestCall watches for ICICI Lombard General Insurance are: revenue growth falls below the thesis floor (revenue cagr below 8%); promoter holding drops materially (promoter holding below 48.29%, 3 points under the Mar 2026 filing); price runs more than two sigma above its own trend (price vs 200-day average at or above 2540.25). On the fundamentals, business quality is the weakest measured pillar at 54/100. A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.
Is this a recommendation to buy or sell ICICI Lombard General Insurance?
No. VestCall states where ICICI Lombard General Insurance’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.
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