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ICICI Prudential Life Insurance Company (ICICIPRULI) Fair Value & Analysis

Financial Services · IN · Market cap ₹740B

IP ICICI Prudential Life Insurance Company ICICIPRULI · NSE
Price₹501.05
Fair Value₹144.18
Upside-71.2%
Quality41/100
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Mixed Growth
Thin margins · 2.6% net margin
Low debt · negative free cash flow
0.34% dividend yield
Trails peers (2/13)
Moderate moat 49/100
Evidence: High Range ₹108.14 – ₹180.23 Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 29 days ago

Share price +4.4% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹180.23). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹787.27 ₹381.44 Fair Value ₹144.18 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ₹381.44 – ₹787.27 · fair‑value band ₹108.14 – ₹180.23 · the ₹501.05 price screens above the ₹144.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

ICICI Prudential Life Insurance Company (ICICIPRULI) currently trades at ₹501.05, while our model-based Fair Value estimate is ₹144.18, implying the stock looks roughly 71.2% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ICICI Prudential Life Insurance Company generated revenue of ₹637B at a net margin of 2.5%. Revenue declined 78.9% year over year. It earns a return on equity of 12.6%. Net debt stands at ₹14.6B. Fundamentals as of Jul 12, 2026

Our scenario range runs from ₹108.14 (bear case) to ₹180.23 (bull case); at ₹501.05, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 1% fair-value upside, at -71%, ICICIPRULI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹87.79 ₹107.32 ₹267.38 76
Gordon GGM ₹5.76 ₹12.57 ₹21.15 70
P/E Multiple ₹108.14 ₹144.18 ₹180.23 63
All 6 models by family
Dividend Discount
Gordon GGM ₹5.76 ₹12.57 ₹21.15 70
DDM Multi-Stage ₹5.76 ₹10.30 ₹13.10 61
Multiples
P/E Multiple ₹108.14 ₹144.18 ₹180.23 63
P/B Multiple ₹98.73 ₹131.63 ₹164.54 55
Asset-Based
NCAV (Graham) ₹47.01 ₹63.00 ₹94.02 50
Economic Profit
Residual Income ₹87.79 ₹107.32 ₹267.38 76

Widest divergence: Multiples (₹131.63) versus Dividend Discount (₹10.30). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹630B
Revenue growth (YoY) -83.1%
Net margin 2.6%
Return on equity 12.6%
Free cash flow −₹54.8B FY2026
P/E ratio 46.2
More key figures
Operating margin 12.5%
EPS (TTM) ₹11.04
Dividend yield 0.3%
EPS growth (YoY) +61.4%
Net debt ₹14.6B FY2026

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 29 · Market factors (momentum, volatility) 39

Profitability 26
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ICICI Prudential Life Insurance Company Limited provides life insurance, annuity, pension, and health insurance products to individuals and groups in India. The company offers term, savings, unit linked, guaranteed return, child education, and retirement insurance plans; and pension fund management services.

Full company description

ICICI Prudential Life Insurance Company Limited provides life insurance, annuity, pension, and health insurance products to individuals and groups in India. The company offers term, savings, unit linked, guaranteed return, child education, and retirement insurance plans; and pension fund management services. It distributes its products through individual and corporate agents, banks, and brokers, as well as through its sales force and website. The company was incorporated in 2000 and is based in Mumbai, India. ICICI Prudential Life Insurance Company Limited is a subsidiary of ICICI Bank Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ICICI Prudential Life Insurance Company reported revenue of ₹633B in FY2026 versus ₹619B in FY2022, a compound +0.6%/yr. Reported net income was ₹16.1B in FY2026, compounding +20.6%/yr from FY2022.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹633B
Latest YoY
−9.4%
Avg. growth/yr (3Y)
+9.1%
Avg. growth/yr (5Y)
−5.2%
Avg. growth/yr (14Y)
+11.6%
Revenue +0.6%/yr
FY22 ₹619B
FY23 ₹487B
FY24 ₹891B
FY25 ₹699B
FY26 ₹633B
Net income +20.6%/yr
FY22 ₹7.6B
FY23 ₹8.1B
FY24 ₹8.5B
FY25 ₹11.9B
FY26 ₹16.1B

ICICIPRULI screens 71% overvalued. Compare with China Life Insurance Company →

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Cite: Fair Value Calculator (2026). "ICICI Prudential Life Insurance Company Fair Value". https://www.fairvalue-calculator.com/stock/ICICIPRULI

Peer Group

Insurance - Life · 95 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 13% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 12% · Below median
Revenue growth -83% · Bottom 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/E (TTM) 46.2× · Pricier than 75% of peers
P/B 5.43× · Pricier than 75% of peers
P/S (TTM) 1.17× · Pricier than median
EV/EBITDA 41.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 32
FUTURE 0 · sector 44
PAST 50 · sector 43
HEALTH 91 · sector 86
DIVIDEND 7 · sector 55

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥38.72 ¥70.87 +83%
Ping An Insurance (Group) Company 601318 ¥49.60 ¥96.76 +95%
AIA Group 1299 HK$75.55 HK$7.88 -90%
Manulife Financial Corporation MFC C$58.52 C$45.13 -23%
Great-West Lifeco Inc GWO C$92.34 C$59.64 -35%
Life Insurance Corporation LICI ₹438.30 ₹590.43 +35%
Fubon Financial Holding 2881 124.50 TWD 115.05 TWD -8%
Cathay Financial Holding 2882 94.00 TWD 94.95 TWD +1%
Samsung Life Insurance Co 032830 337,500 KRW 166,710 KRW -51%
China Pacific Insurance (Group) Co 601601 ¥29.75 ¥59.50 +100%

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Frequently asked questions

Is ICICI Prudential Life Insurance Company (ICICIPRULI) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ₹144.18 versus a price of ₹501.05, about −71% (overvalued).
What is the fair value of ICICIPRULI?
Our model-based fair value for ICICI Prudential Life Insurance Company is ₹144.18 (as of Jul 12, 2026), built from audited fundamentals. The current price is ₹501.05.
What is the quality score of ICICIPRULI?
ICICI Prudential Life Insurance Company has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ICICI Prudential Life Insurance Company (ICICIPRULI)?
ICICI Prudential Life Insurance Company reported trailing-twelve-month revenue of about ₹637B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ICICIPRULI?
The net profit margin of ICICI Prudential Life Insurance Company is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does ICICI Prudential Life Insurance Company pay a dividend?
ICICI Prudential Life Insurance Company currently shows a dividend yield of about 0.35% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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