ICICI Lombard General Insurance Company Limited (ICICIGI.NS) stock analysis

In our weekly check, ICICI Lombard General Insurance Company Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 4.

About ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Company Limited is a Financial Services company (Insurance - Diversified) based in India, listed on NSE as ICICIGI.NS.

What our checks show for ICICIGI.NS

Red flags

• The gross margin fell by 47.1 points, to 49.1%: costs are rising faster than prices.
• Profits not backed by cash
• Return on capital (ROCE) is only 4%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin is only 8.8%: little room if costs rise.
• Free cash flow is only 0% of revenue.
• The stock has fallen as much as 42% from a peak. Would you have held through that?

Strengths

• The net margin rose by 1.1 points over 5 years, to 8.8%.
• Analysts expect earnings per share to grow about 18.9% a year over the next years.
• Analysts expect revenue to grow about 15.7% a year over the next years.
• Revenue grew 16.2% a year over the last 3 years.
• Earnings per share grew 13.3% a year over the last 3 years.
• Net profit grew 13.9% a year over the last 3 years.

Next earnings report: 2027-01-19

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Questions

What grade does ICICI Lombard General Insurance Company Limited (ICICIGI.NS) have?

In our weekly check, ICICI Lombard General Insurance Company Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ICICIGI.NS stock?

This week's biggest flags for ICICI Lombard General Insurance Company Limited: Gross margin falling, Profits not backed by cash, Low return on capital. In total 7 of 24 checks show a warning or a red flag.

What does ICICI Lombard General Insurance Company Limited do?

ICICI Lombard General Insurance Company Limited is a Financial Services company (Insurance - Diversified) based in India, listed on NSE as ICICIGI.NS.

When does ICICI Lombard General Insurance Company Limited report earnings next?

The next earnings report is expected on 2027-01-19. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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