XTRAS: It won the ‘Gold Shield’ award for excellence in financial reporting for its Annual Report of FY 19, presented by the Institute of Chartered Accountants of India.
SWOT Analysis
STRENGTH
• Increasing net profit since last 5 years.
• Increasing ROA shows efficient asset utilization.
• Company operating at lower debt.
• Zero promoter pledge.
WEAKNESS
• Promoter shareholding are falling.
• According to trends stocks are bearish.
OPPORTUNITIES
• New insurance products.
• Decline in provisions.
• Cashless digital health solutions.
• Aircraft insurance policy for drone operators.
THREATS
• Negative growth.
• Stocks with expensive valuations.
• Varying government policies.
FUTURE PROSPECTS
• Govt. initiatives such as PM-JAY, PMFBY, PMJJBY, PMSBY etc. are increasing insurance penetration.
• Increase in the FDI in Insurance from 49% to 74% announced in the Union Budget (Feb’21) shall further help in driving increased penetration and coverage.
• After the Covid-19, we can see an increased awareness in among the mind of the people and ICICI being such a reputed company can take the advantage of this thing
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