ICICI Lombard General Insurance Company Limited, a prominent insurance provider in India. The company facilitates the purchase and renewal of policies via intermediaries and official website, catering to a diverse range of insurance products.
Established in 2001, the company emerged as a venture between ICICI Bank and Fairfax Financial Holdings Ltd. At the inception, ICICI Bank held a majority stake of 64%, while the remaining ownership was with the JV partner. However, in 2019, Fairfax Financial decided to divest completely, selling its remaining 5% stake in the company for approximately 2,600 crores.
This article aims to explore the share price target of ICICI Lombard from 2023 to 2030, as well as analyze the viability of ICICI Lombard as a promising stock to consider for investment.
LATEST NEWS ABOUT ICICI LOMBARD GENERAL INSURANCE COMPANY
- CFO-ICICI Lombard witnessed a remarkable nine-fold increase in policy count over a span of 15 years. Concurrently, the company experienced a significant reduction of 25% in its headcount during the same period.
- In June 2023, ICICI Lombard recorded standalone net sales of Rs 4,694.40 crore, exhibiting a year-on-year growth of 13.68%.
HOW TO BUY ICICI LOMBARD GENERAL INSURANCE COMPANY SHARES ?
You can buy ICICI Lombard shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngleOne
- ICICIDirect
SHARE PRICE PREDICTION OF ICICI LOMBARD GENERAL INSURANCE COMPANY :2023 TO 2030
SHARE PRICE TARGET 2023 OF ICICI LOMBARD GENERAL INSURANCE COMPANY
| When | Maximum Price | Minimum Price |
| July 2023 | ₹1,451.10 | ₹1,319.18 |
| August 2023 | ₹1,480.12 | ₹1,345.57 |
| September 2023 | ₹1,514.16 | ₹1,376.51 |
| October 2023 | ₹1,470.06 | ₹1,336.42 |
| November 2023 | ₹1,499.46 | ₹1,363.15 |
| December 2023 | ₹1,544.45 | ₹1,404.04 |
Based on the share price data provided for ICICI Lombard in 2023, the company’s stock exhibited a varying trend throughout the year. In July 2023, the share price ranged between ₹1,319.18 (minimum) and ₹1,451.10 (maximum). By August 2023, the price increased, with the range being ₹1,345.57 (minimum) to ₹1,480.12 (maximum). Subsequently, in September 2023, the share price continued to rise, reaching ₹1,376.51 (minimum) to ₹1,514.16 (maximum).
Despite a slight dip in October 2023, with the range between ₹1,336.42 (minimum) and ₹1,470.06 (maximum), the share price rebounded in November 2023, with a range of ₹1,363.15 (minimum) to ₹1,499.46 (maximum). Finally, by December 2023, the share price reached its peak, ranging from ₹1,404.04 (minimum) to ₹1,544.45 (maximum).
Throughout the year, ICICI Lombard’s share price demonstrated fluctuations, but overall, it exhibited growth from the initial months to the end of the year. Investors and stakeholders witnessed the stock’s value climbing, with some months showing significant positive growth percentages compared to the previous months. The company’s financial performance and market dynamics likely played a crucial role in influencing its share price trajectory during 2023.
SHARE PRICE TARGET 2024 OF ICICI LOMBARD GENERAL INSURANCE COMPANY
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,625.73 | ₹1,413.68 |
| February 2024 | ₹1,767.10 | ₹1,536.61 |
| March 2024 | ₹1,784.95 | ₹1,552.13 |
| April 2024 | ₹1,622.68 | ₹1,411.03 |
| May 2024 | ₹1,352.24 | ₹1,175.86 |
| June 2024 | ₹1,622.68 | ₹1,411.03 |
| July 2024 | ₹1,379.28 | ₹1,199.38 |
| August 2024 | ₹1,517.21 | ₹1,319.31 |
| September 2024 | ₹1,593.07 | ₹1,385.28 |
| October 2024 | ₹1,874.20 | ₹1,629.74 |
| November 2024 | ₹1,967.91 | ₹1,711.23 |
| December 2024 | ₹2,007.27 | ₹1,745.45 |
In the year 2024, ICICI Lombard’s share price experienced notable fluctuations, witnessing both highs and lows. Starting in January 2024, the share price ranged between ₹1,413.68 (minimum) and ₹1,625.73 (maximum), displaying early signs of positive growth. This upward trend continued into February 2024, as the share price surged between ₹1,536.61 (minimum) and ₹1,767.10 (maximum), indicating significant growth compared to the previous month.
March 2024 saw further progress, with the share price ranging from ₹1,552.13 (minimum) to ₹1,784.95 (maximum). However, in April 2024, there was a slight downturn, with the price ranging between ₹1,411.03 (minimum) and ₹1,622.68 (maximum).
May and June 2024 proved to be challenging months for ICICI Lombard’s stock, as the share price experienced a dip, reaching ₹1,175.86 (minimum) and ₹1,352.24 (maximum) in May and ₹1,411.03 (minimum) and ₹1,622.68 (maximum) in June. However, the company regained its momentum in July 2024, with the share price ranging from ₹1,199.38 (minimum) to ₹1,379.28 (maximum).
August and September 2024 showed steady growth, with the share price ranging between ₹1,319.31 (minimum) and ₹1,517.21 (maximum) in August and ₹1,385.28 (minimum) and ₹1,593.07 (maximum) in September.
The final quarter of 2024 witnessed a substantial surge in ICICI Lombard’s share price. In October 2024, the price rose between ₹1,629.74 (minimum) and ₹1,874.20 (maximum), displaying remarkable growth. This upward trajectory continued in November 2024, with the share price ranging from ₹1,711.23 (minimum) to ₹1,967.91 (maximum).
By the end of December 2024, ICICI Lombard’s share price reached an impressive high, ranging between ₹1,745.45 (minimum) and ₹2,007.27 (maximum), showcasing significant growth compared to the beginning of the year.
SHARE PRICE TARGET 2025 OF ICICI LOMBARD GENERAL INSURANCE COMPANY
| When | Maximum Price | Minimum Price |
| January 2025 | ₹2,047.41 | ₹1,574.93 |
| February 2025 | ₹2,155.17 | ₹1,657.82 |
| March 2025 | ₹2,262.93 | ₹1,740.72 |
| April 2025 | ₹2,020.47 | ₹1,554.21 |
| May 2025 | ₹1,836.79 | ₹1,412.92 |
| June 2025 | ₹2,020.47 | ₹1,554.21 |
| July 2025 | ₹1,924.26 | ₹1,480.20 |
| August 2025 | ₹2,004.44 | ₹1,541.88 |
| September 2025 | ₹2,104.66 | ₹1,618.97 |
| October 2025 | ₹2,230.94 | ₹1,716.11 |
| November 2025 | ₹2,387.11 | ₹1,836.24 |
| December 2025 | ₹2,434.85 | ₹1,872.96 |
Commencing in January 2025, the share price ranged from ₹1,574.93 (minimum) to ₹2,047.41 (maximum), indicating a strong upward trajectory and substantial growth potential.
This positive trend continued into February 2025, with the share price reaching ₹1,657.82 (minimum) and ₹2,155.17 (maximum), displaying remarkable growth compared to the previous month. March 2025 saw further progress, as the share price ranged between ₹1,740.72 (minimum) and ₹2,262.93 (maximum), reflecting continued positive momentum.
However, April 2025 witnessed a slight dip, with the share price ranging from ₹1,554.21 (minimum) to ₹2,020.47 (maximum). May 2025 followed a similar trend, with the price ranging between ₹1,412.92 (minimum) and ₹1,836.79 (maximum), presenting a challenge for investors.
In June 2025, the share price rebounded, reaching ₹1,554.21 (minimum) to ₹2,020.47 (maximum), signaling renewed growth potential. July 2025 saw the share price ranging from ₹1,480.20 (minimum) to ₹1,924.26 (maximum), reflecting moderate growth.
August and September 2025 demonstrated steady growth, with the share price ranging between ₹1,541.88 (minimum) and ₹2,004.44 (maximum) in August and ₹1,618.97 (minimum) and ₹2,104.66 (maximum) in September.
The final quarter of 2025 showcased substantial growth for ICICI Lombard’s share price. In October 2025, the price surged between ₹1,716.11 (minimum) and ₹2,230.94 (maximum), indicating significant growth potential. This upward trajectory continued into November 2025, with the share price ranging from ₹1,836.24 (minimum) to ₹2,387.11 (maximum).
By the end of December 2025, ICICI Lombard’s share price reached an impressive high, ranging between ₹1,872.96 (minimum) and ₹2,434.85 (maximum).
ICICI LOMBARD GENERAL INSURANCE COMPANY SHARE PRICE PREDICTION 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,704.39 | ₹1,193.08 |
| 2027 | ₹1,448.73 | ₹1,014.11 |
| 2028 | ₹2,607.72 | ₹1,825.41 |
| 2029 | ₹5,356.67 | ₹3,749.67 |
| 2030 | ₹5,965.38 | ₹4,175.76 |
In the year 2026, the share price ranged between ₹1,193.08 (minimum) and ₹1,704.39 (maximum), indicating a moderate growth trajectory compared to the previous years.
By 2027, the share price witnessed a slight dip, with the range being ₹1,014.11 (minimum) to ₹1,448.73 (maximum). Despite the challenges, the company showed resilience in 2028, as the share price surged between ₹1,825.41 (minimum) and ₹2,607.72 (maximum), reflecting substantial growth compared to the previous year.
The year 2029 marked a significant turning point for ICICI Lombard’s stock, as the share price skyrocketed between ₹3,749.67 (minimum) and ₹5,356.67 (maximum), displaying remarkable growth and attracting investor interest.
The positive momentum continued into 2030, with the share price ranging between ₹4,175.76 (minimum) and ₹5,965.38 (maximum), showcasing further growth and stability.
FINANCIAL CONDITION OF ICICI LOMBARD GENERAL INSURANCE COMPANY :LAST 5 YEARS
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Sales | 11,163 | 11,517 | 12,183 | 16,026 | 17,876 |
| Expenses | 9,494 | 9,745 | 10,594 | 15,010 | 16,612 |
| Operating Profit | 1,669 | 1,772 | 1,589 | 1,016 | 1,264 |
| OPM % | 15% | 15% | 13% | 6% | 7% |
| Other Income | -2 | 15 | 495 | 809 | 991 |
| Interest | 70 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 90 | 130 | 141 | 142 |
| Profit before tax | 1,598 | 1,697 | 1,954 | 1,684 | 2,113 |
| Tax % | 34% | 30% | 25% | 24% | 18% |
| Net Profit | 1,049 | 1,194 | 1,473 | 1,271 | 1,729 |
| EPS in Rs | 23.10 | 26.27 | 32.40 | 25.89 | 35.21 |
| Dividend Payout % | 26% | 13% | 25% | 35% | 28% |
From March 2019 to March 2023, the company’s sales increased steadily from 11,163 to 17,876, indicating consistent growth in revenue over the years. However, expenses also increased over the same period, reflecting the company’s expansion and operational costs.
The operating profit margin (OPM %) shows fluctuations during this period. In March 2019 and 2020, the OPM % remained stable at 15%, but it declined to 13% in March 2021. The OPM % further dropped to 6% in March 2022, possibly due to increased expenses. However, it recovered slightly to 7% in March 2023.
The net profit increased significantly from 1,049 in March 2019 to 1,729 in March 2023, demonstrating the company’s ability to generate higher profits over time.
The earnings per share (EPS) also followed an upward trend, indicating the growth in profitability on a per-share basis.
The dividend payout percentage varied throughout the years, with fluctuations between 13% to 35%. This suggests that the company’s management decided to distribute dividends based on its financial performance and strategic objectives.
Overall, ICICI Lombard showcased positive growth in sales, net profit, and EPS over the period from March 2019 to March 2023. The fluctuations in operating profit and dividend payout percentage were likely influenced by market conditions and the company’s financial strategy.
FAQS
IS IT ADVISABLE FOR INVESTORS TO CONTEMPLATE PURCHASING SHARES OF ICICI LOMBARD BASED ON ITS PROJECTED SHARE PRICE TARGETS ?
While projected share price targets can provide guidance, it is essential to conduct thorough research and analysis before making any investment decisions. Investors should consider various factors, such as the company’s financial performance, industry trends, and market conditions, before making any investment decisions.
WHAT IS THE BASIS FOR THE PROJECTED TARGET SHARE PRICE FOR ICICI LOMBARD?
The projected target share price for ICICI Lombard is based on various factors, including the company’s financial performance, growth prospects, industry trends, and market sentiment.
IS THERE A POSSIBILITY OF AN INCREASE IN THE SHARE PRICE OF ICICI LOMBARD IN 2023?
Yes, it is anticipated that ICICI Lombard Share price will increase to ₹1,544 by the end of 2023.
WHAT IS THE SHARE PRICE TARGET OF ICICI LOMBARD FOR 2025?
ICICI Lombard share price might reach around ₹2,434 by the end of 2025.
WHAT IS THE SHARE PRICE TARGET OF ICICI LOMBARD FOR 2030?
ICICI Lombard share price might reach around ₹5,965 by the end of 2030.
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CONCLUSION
Overall, the financial performance of ICICI Lombard over the years demonstrates the company’s investment in its business and its sustained growth in both revenue and profitability. The consistent increase in net profit and EPS indicates a positive return on investment for shareholders.
However, investors should keep in mind that growth and investment are subject to market conditions and the company’s ability to adapt to changing business dynamics. As with any investment, thorough research and analysis are crucial to understanding the risks and potential returns associated with investing in ICICI Lombard or any other company.
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