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Life insurance Historical case study · data as of 13 Jul 2026 · published 16 Oct 2026 (95 days later)

ICICI Prudential Life Insurance — 100-point case study

How ICICI Prudential Life Insurance looked on 50 technical and 50 fundamental measures on 13 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: ICICIPRULI · BSE: 540133
Close on 13 Jul 2026	₹519.70
Market cap then	₹74,334 crore
Valuation	P/E 46.5× · P/B 4.79×
Momentum	RSI (14) 61 · 1-year return -21.3%
Next 3 months	-13.6% vs Nifty 50 -5.0% (to 15 Oct 2026)

Scorecard

Technical — 50 points

12 bullish · 22 neutral · 3 caution · 12 bearish — the picture was mixed.

Fundamental — 50 points

3 bullish · 31 neutral · 5 caution · 10 bearish — the picture leaned negative.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Fundamentals use Screener's standalone figures. Two price windows (Jun–Sep 2025 and Mar–Jun 2026) come from EquityPandit, which matched Yahoo exactly on overlapping dates.

Technical analysis — 50 points

Calculated by code from daily prices up to 13 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.03%/day	Neutral	Over the last 20 sessions the regression line of closing prices was falling about 0.03% a day — a flat, sideways phase. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return -4.1%	Bearish	The 100-session trend line was down (-0.30%/day) and the stock was -4.1% over three months, so the medium-term picture was bearish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -21.3%	Bearish	Compared with a year earlier the price was -21.3%. A weak year for the stock. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 501.76 / 30W 569.12	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 529.30→523.90; lows 459.50→480.90	Neutral	The two most recent swing points showed a lower high but a higher low — mixed structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	17.3	Neutral	ADX at 17.3 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 29.7 / –DI 19.3	Bullish	+DI was above –DI: upward price pressure outweighed downward pressure. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	496.01 (+4.8%)	Bullish	Close of 519.70 was 4.8% above the 20-day SMA — the short-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	506.40 (+2.6%)	Bullish	Close of 519.70 was 2.6% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	585.94 (-11.3%)	Bearish	Close of 519.70 was 11.3% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 498.29 / 21E 495.98	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 13 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	last death cross 30 Mar 2026	Bearish	The 50-day average was 13.6% below the 200-day. The most recent signal was a death cross on 30 Mar 2026. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	-2.9% in 20 sessions	Bearish	The 50-day average fell 2.9% over the past month — declining. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	496 / 506 / 543 / 586	Bearish	The 20/50/100/200-day averages were perfectly stacked bearish (20 < 50 < 100 < 200). Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	496.70 (+4.6%)	Bullish	Anchored to the start of July, the volume-weighted average price was 496.70; the close was above it — buyers that month were on average in profit. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	60.8	Bullish	RSI at 60.8 showed positive momentum without being overbought. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -0.27 / signal -3.80	Bullish	MACD was above its signal line — momentum turning or staying positive. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	0.72 → 3.53	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-0.27	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 65.7 / %D 39.9	Bullish	Slow stochastic at 65.7 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-16.0	Caution	%R of -16.0 put the close near the top of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	172	Bullish	CCI at 172 signalled an unusually strong upward deviation (>+100). Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	+6.2%	Bullish	Price changed +6.2% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 1.02 (bands 473.11–518.91)	Caution	%B of 1.02 — close above the upper band, an overextended move. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 9.2% (19th pct of 6M)	Neutral	Band width was at the 19th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹14.16 (2.7% of price)	Neutral	A typical day's range was about ₹14.16, or 2.7% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	31.7% vs 1Y 24.3%	Caution	Annualised 30-day volatility was 31.7%, well above the one-year level of 24.3%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	467.22–524.52	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.08	Neutral	A beta of 1.08 means the stock tended to move roughly in line with the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 1.21× / 5-day 0.97×	Neutral	The final session traded 1.21× its 20-day average volume and the last five sessions averaged 0.97× — normal participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 1.03	Neutral	Average volume on up days was 1.03× that on down days — balanced. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price rose — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	-0.04	Neutral	CMF at -0.04 indicated roughly balanced money flow. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	40.6	Bearish	MFI, a volume-weighted RSI, was 40.6. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹91 cr/day	Neutral	About ₹91 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	511.50 / 490.02 / 477.60	Neutral	Nearest support (prior swing lows) sat at 511.50, 1.6% below the close, then 490.02, 477.60. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	526.60 / 572.00 / 584.75	Neutral	Nearest resistance (prior swing highs) sat at 526.60, 1.3% above the close, then 572.00, 584.75. How to read: Information only.
40	Monthly pivot points (for next month)	P 508.68 \| R1 538.52 \| S1 489.87	Neutral	Classic pivots from July's high/low/close gave a pivot of 508.68; the close was above it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 518 \| 38.2% 554 \| 50.0% 583 \| 61.8% 612	Neutral	Measuring the 6-month fall from 706.80 to 459.50, the close was nearest the 23.6% retracement at 517.86. How to read: Information only.
42	52-week high / low	H 706.80 / L 459.50	Neutral	The close was 26.5% below the 52-week high and 13.1% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	3 open; latest gap-up 15 Jun at 469.95	Neutral	There were 3 unfilled gap(s). The latest, a gap-up on 15 Jun 2026, left an open level at 469.95 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	falling channel	Bearish	Rule-based pattern scan: falling channel — successive lower highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 462.15–523.90	Neutral	The close was inside the prior 20-day range of 462.15–523.90. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary green candle	Neutral	On 13 Jul the candle opened 510.00, ranged 506.50–527.50 and closed 519.70: Ordinary green candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 511.85–537.08; Tenkan 503.18 / Kijun 493.50	Neutral	Price was inside the cloud and the Tenkan line was above the Kijun line — an undecided Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +8.3% / 3M -5.9%	Bearish	The stock underperformed the Nifty 50 by 5.9 points over three months and outperformed by 8.3 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M -16.0%	Bearish	No sector index in today's data set, so we show the 6-month comparison instead: 16.0 points behind the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	12 bullish · 12 bearish · 22 neutral · 3 caution	Neutral	Across the 49 readings the technical picture was mixed. Levels that mattered: support 511.50, resistance 526.60. This is a description of the chart on 13 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 13 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 13 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	46.5×	Neutral	At ₹519.70 the market valued the company at about ₹74,334 crore, or 46.5× the ₹1,600 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	4.79×	Neutral	Market cap was 4.79× the Mar 2026 book value (equity + reserves) of ₹15,533 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	1.17×	Neutral	The company was valued at 1.17× its trailing-12-month sales of ₹63,467 crore. How to read: Information only.
4	EV / EBITDA (approx.)	231.0×	Neutral	Enterprise value (market cap + ₹2,595 cr borrowings; cash not netted) was 231.0× trailing operating profit of ₹333 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	2.2%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹2.2 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	1.83	Neutral	P/E of 46.5 divided by 3-year profit growth of 25.4% a year gives a PEG of 1.83. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: the Mar 2026 quarter carried unusual other income of ₹905 crore — a one-off that distorts year-on-year profit comparisons. Note: revenue jumped more than 40% in Mar 2024, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.32%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹1.65 a share, a 0.32% yield on the ₹519.70 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹74,334 cr	Neutral	At about ₹0.74 lakh crore the company was a mid-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹165.33 vs ₹519.70	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹165.33; the price was 214% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	-10.3%	Bearish	Revenue for FY26 was ₹63,467 crore, -10.3% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	-79.0%	Bearish	The Jan–Mar 2026 quarter brought ₹3,299 crore of revenue, -79.0% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+34.6%	Caution	FY26 net profit was ₹1,600 crore, +34.6% on FY25's ₹1,189 crore. Note: the Mar 2026 quarter carried unusual other income of ₹905 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+57.8%	Caution	Quarterly profit was ₹609 crore versus ₹386 crore a year earlier (+57.8%). Note: the Mar 2026 quarter carried unusual other income of ₹905 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	8.7%	Neutral	Revenue compounded at 8.7% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2024, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	25.4%	Caution	Net profit compounded at 25.4% a year from FY23 to FY26. Note: the Mar 2026 quarter carried unusual other income of ₹905 crore — a one-off that distorts year-on-year profit comparisons. Note: revenue jumped more than 40% in Mar 2024, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	-5.3%	Bearish	Over five years (FY21–FY26) revenue compounded at -5.3% a year. Note: revenue jumped more than 40% in Mar 2024, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+34.1%	Caution	Reported EPS went from ₹8.23 to ₹11.04 (+34.1%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Note: the Mar 2026 quarter carried unusual other income of ₹905 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	2%	Neutral	Operating profit (EBITDA) was 2% of sales in FY26 versus 2% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	1% → -0% → 3% → -19%	Bearish	Quarterly margins moved from 1% to -19% over the last four quarters — contracting. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	2.5%	Neutral	₹2.5 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	10.0%	Neutral	FY26 profit was 10.0% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	8%	Bearish	Return on capital employed (debt + equity) was 8% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	0.50%	Neutral	Net profit was 0.50% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	-3%	Neutral	The company paid about -3% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	15%	Neutral	Non-operating 'other income' of ₹239 crore made up 15% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.17	Bullish	Borrowings of ₹2,595 crore were 0.17× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	1.78×	Neutral	Debt equalled 1.78 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	n/m	Neutral	Interest cost negligible — coverage not meaningful. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	-5.0%	Bearish	Shareholders' equity grew -5.0% from ₹16,343 crore to ₹15,533 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹43 cr (3% of fixed assets)	Neutral	Projects under construction (CWIP) were 3% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	-1 days	Neutral	Working capital tied up equalled -1 days of sales (FY25: 3). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	0 days	Neutral	It took 0 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	0 (FY25 0)	Neutral	Customers took 0 days on average to pay, versus 0 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹-5,341 cr	Bearish	The business generated ₹-5,341 crore of operating cash in FY26 versus ₹-9,400 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	₹-5,461 cr	Bearish	After capital spending, free cash flow was ₹-5,461 crore. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	-3.34×	Caution	Operating cash flow was -3.34× reported profit — cash lagged profits; worth watching. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	-7.3%	Neutral	FY26 free cash flow was -7.3% of the snapshot market cap. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	₹-22,655 cr	Bearish	Free cash flow over FY24–FY26 added up to ₹-22,655 crore. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	₹120 cr	Neutral	Implied capital expenditure was about ₹120 crore, 0.2% of sales. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	15%	Neutral	The company paid out about 15% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	10% / 10% / 15%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.3%	Neutral	Paid-up equity capital changed +0.3% (₹1,445 cr → ₹1,449 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	72.80% (-0.20 pts YoY)	Neutral	Promoters owned 72.80% at Mar 2026 versus 73.00% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	10.89% (-2.35 pts YoY)	Bearish	FIIs held 10.89% at Mar 2026, down from 13.24% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	11.05% (+2.25 pts YoY)	Bullish	Mutual funds, insurers and other DIIs held 11.05%, up from 8.80%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	3.3 lakh (-0.6% YoY)	Neutral	The shareholder count moved from 3.3 lakh to 3.3 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	5/8	Neutral	Passed: positive profit, leverage fell, operating margin improved, ROA improved, no meaningful dilution (<3%). Failed: positive operating cash flow, CFO > net profit, asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	1 strength(s) · 5 weakness(es)	Neutral	Strengths: Company is expected to give good quarter. Weaknesses: Stock is trading at 4.45 times its book value; The company has delivered a poor sales growth of -5.27% over past five years; Tax rate seems low; Company has a low return on equity of 6.74% over last 3 years; Earnings include an other income of Rs.893 Cr. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	3 bullish · 10 bearish · 31 neutral · 5 caution	Bearish	On the numbers published by 13 Jul 2026 the fundamental picture leaned negative. Valuation: P/E 46.5×, P/B 4.79×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 13 Apr 2026 – 13 Jul 2026 that an investor could have known on the snapshot date.

14 Apr 2026 ICICI Prudential Life reports Q4 FY26 results; net profit rises 58% to Rs 609 crore — Q4 FY26 profit after tax was Rs 609 crore versus Rs 386 crore a year earlier; FY26 profit was Rs 1,600 crore (up 34.6%), with FY26 VNB margin at 24.7%. The board proposed a final dividend of Rs 1.65 per share. source
15 Apr 2026 ICICI Prudential Life shares rise after March-quarter earnings — Shares rose more than 3% to around Rs 566 in the session after the Q4 results. The report noted net premium income up about 17% to Rs 19,180 crore and Q4 VNB of Rs 965 crore. source
18 May 2026 ICICI Prudential Life shares fall about 9% after Prudential plc agrees to buy 75% of Bharti Life — Prudential plc agreed on May 17 to acquire a 75% stake in Bharti Life Insurance for an initial Rs 3,500 crore; approvals are expected to require it to cut its ICICI Prudential Life stake below 10% and cease being a promoter. The stock fell to an intraday low near Rs 489. source
20 May 2026 Prudential reportedly to seek 12-18 months to reduce stake in ICICI Prudential Life — Reports said Prudential, holding 21.91%, may seek 12-18 months from IRDAI to reduce its holding, implying a sale of roughly 12%. ICICI Bank said it will retain majority ownership of the insurer. source
06 Jul 2026 Board approves reclassifying Prudential as investor and plan to rename as ICICI Life Insurance — The board approved reclassification of Prudential Corporation Holdings from promoter to investor at Prudential's request, and a proposed rebranding to ICICI Life Insurance Limited, subject to IRDAI and SEBI approvals. Non-executive director Naveen Tahilyani resigned the same day. source

What happened next (13 Jul 2026 → 15 Oct 2026)

Price went from ₹519.70 to ₹449.00 by 15 Oct 2026 (-13.6%) while the Nifty 50 moved -5.0% — underperforming by 8.6 points.
Highest ₹531.95 on 15 Jul 2026; lowest ₹441.80 on 01 Oct 2026.
S1 511.50: broken on a closing basis on 14 Jul 2026.
S2 490.02: broken on a closing basis on 07 Sep 2026.
R1 526.60: not cleared on a closing basis.
R2 572.00: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 15 Jul 2026): revenue ₹28,513 crore (+12.3% YoY), net profit ₹386 crore (+27.8% YoY), operating margin 1% vs 1% a year earlier (Screener consolidated figures).

Later news

15 Jul 2026 ICICI Prudential Life Q1 FY27 net profit rises 28% to Rs 386 crore — Q1 FY27 profit after tax was Rs 386.2 crore versus Rs 302 crore a year earlier; VNB rose 24.9% to Rs 571 crore with a 26.7% margin. Solvency ratio was 225.4% as of June 30, 2026. source
03 Sep 2026 ICICI Bank raises stake in ICICI Prudential Life to about 52.8% — ICICI Bank bought an additional 2% from Prudential plc for Rs 1,470 crore via market transactions between July and early September 2026. Prudential is reducing its holding as a condition of its Bharti Life acquisition. source
19 Sep 2026 Shareholders approve name change to ICICI Life Insurance — Shareholders approved a special resolution to rename the company ICICI Life Insurance Limited with 99.9994% of votes polled, after an IRDAI no-objection on August 7, 2026. The change takes effect on MCA registration. source
13 Oct 2026 ICICI Life Insurance Q2 FY27 profit rises 25% to Rs 374 crore — Q2 FY27 profit after tax was Rs 374.22 crore versus Rs 299.26 crore a year earlier; H1 FY27 profit was Rs 760.40 crore. Net premium income rose 16.6% to Rs 13,803.90 crore. source

Educational summary. On 13 Jul 2026 the technical picture was mixed and the fundamental picture leaned negative. Over the next three months the stock moved -13.6% against -5.0% for the Nifty 50. A mixed chart gave no clear message, and the outcome shows why mixed readings are hard to act on. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold ICICI Prudential Life Insurance today.

Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 16 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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