General Insurance Corporation of India
GICREGeneral Insurance Corporation of India
GICRE
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 9.14 | 1.20 | 2.64% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.39 | 2.41 | 1.00% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
General Insurance Corporation of India is a reinsurance company.Its domestic business provides reinsurance to direct general insurance companies in Indian and international reinsurance business provides the same to several international companies.
Peers
Compare with peersLife Insurance Corporation Of India
Bajaj Finserv Ltd
SBI Life Insurance Company Ltd
HDFC Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 19,883.46 | 31,349.14 | 43,550.85 | 45,073.27 | 52,098.45 | 48,594.37 | 49,584.59 | 47,750.46 | 46,556.85 | 46,925.97 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 38,232.97 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 90.24 | 100.72 | 107.90 | 123.78 | 207.43 | 155.53 | 224.32 | 239.99 | 223.17 | |||||||||||
| Selling & Administrative Expenses | 16,598.29 | 27,048.70 | 39,522.28 | 40,155.54 | 50,790.84 | 44,996.59 | 43,642.88 | 38,901.99 | 38,037.47 | |||||||||||
| Operating & Other expenses | 164.07 | 419.26 | 281.63 | 925.19 | 1,447.09 | 357.98 | 1,948.99 | 567.61 | 359.44 | |||||||||||
EBITDA | 3,030.86 | 3,780.46 | 3,639.04 | 3,868.76 | -346.91 | 3,084.27 | 3,768.40 | 8,040.87 | 7,936.77 | 8,693.00 | ||||||||||
| Depreciation/Amortization | 9.45 | 9.95 | 7.80 | 14.43 | 18.75 | 14.95 | 13.75 | 9.69 | 11.86 | — | ||||||||||
| PBIT | 3,021.41 | 3,770.51 | 3,631.24 | 3,854.33 | -365.66 | 3,069.32 | 3,754.65 | 8,031.18 | 7,924.91 | 8,693.00 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 3,021.41 | 3,770.51 | 3,631.24 | 3,854.33 | -365.66 | 3,069.32 | 3,754.65 | 8,031.18 | 7,924.91 | 8,693.00 | ||||||||||
| Taxes & Other Items | 197.99 | 98.39 | 484.01 | 1,096.77 | -179.22 | 1,077.73 | 1,368.37 | 1,123.87 | 1,239.04 | 1,417.37 | ||||||||||
| Net Income | 2,823.42 | 3,672.12 | 3,147.23 | 2,757.56 | -186.44 | 1,991.59 | 2,386.28 | 6,907.31 | 6,685.87 | 7,275.63 | ||||||||||
| EPS | 1.64 | 2.13 | 3.32 | 15.72 | -1.06 | 11.35 | 13.60 | 39.37 | 38.11 | 41.47 | ||||||||||
| DPS | 0.63 | 1.17 | 6.75 | 6.75 | 0.00 | 0.00 | 2.25 | 7.20 | 10.00 | 10.00 | ||||||||||
| Payout ratio | 0.38 | 0.55 | 2.03 | 0.43 | 0.00 | 0.00 | 0.17 | 0.18 | 0.26 | 0.24 |
Company Updates
Peers & Comparison
FinancialsInsurance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| General Insurance Corporation of India | 9.94 | 1.20 | 2.64% |
| Life Insurance Corporation Of India | 13.75 | 6.79 | 1.12% |
| Bajaj Finserv Ltd | 31.33 | 2.46 | 0.06% |
| SBI Life Insurance Company Ltd | 78.58 | 9.98 | 0.18% |
Price Comparison
Compare GICRE with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 3.39%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.18%
Top 5 Mutual Funds holding General Insurance Corporation of India
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3096% | Percentage of the fund’s portfolio invested in the stock 0.54% | Change in the portfolio weight of the stock over the last 3 months 0.54% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 83/105 (+16) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI PSU FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2000% | Percentage of the fund’s portfolio invested in the stock 2.97% | Change in the portfolio weight of the stock over the last 3 months 0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/32 (+2) |
Mirae Asset Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1998% | Percentage of the fund’s portfolio invested in the stock 0.34% | Change in the portfolio weight of the stock over the last 3 months 0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 79/89 (+3) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 11, 2024
Dividend/Share
₹10.00
Ex DateEx Date
Sep 11, 2024
Cash Dividend
Ex DateEx DateSep 8, 2023
Dividend/Share
₹7.20
Ex DateEx Date
Sep 8, 2023
Cash Dividend
Ex DateEx DateJun 7, 2022
Dividend/Share
₹2.25
Ex DateEx Date
Jun 7, 2022
Cash Dividend
Ex DateEx DateJul 19, 2019
Dividend/Share
₹6.75
Ex DateEx Date
Jul 19, 2019
Cash Dividend
Ex DateEx DateJul 12, 2018
Dividend/Share
₹13.50
Ex DateEx Date
Jul 12, 2018
Net profit of General Insurance Corporation of India rose 9.87% to Rs 1855.71 crore in the quarter ended September 2024 as against Rs 1688.95 crore during the previous quarter ended September 2023. Sales declined 10.73% to Rs 8886.45 crore in the quarter ended September 2024 as against Rs 9954.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales8886.459954.15 -11 OPM %26.7814.71 - PBDT2286.921855.38 23 PBT2286.921855.38 23 NP1855.711688.95 10 Powered by Capital Market - Live
General Insurance Corporation of India will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live
General Insurance Corporation of India announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live
The stock has lost 8.69% in four sessions, from its recent closing high of Rs 421.80 recorded on 02 September 2024. On 03 September 2024, the President of India had announced its proposal to sell 3.39% stake in the company through an offer for sale (OFS) on 04th and 05th September 2024. Through the OFS, the Government of India proposes to sell 5,95,12,000 shares, representing a 3.39% stake, with an option to sell an additional 3.39% stake or 5,95,12,000 equity shares in case of oversubscription. On 04 September 2024, the promoter informed the bourses about its intention to exercise the oversubscription option in the offer to the extent of 50,49,872 equity shares (representing 0.288% of the total issued and paid-up equity share capital of the company). Accordingly, the total offer size was 6,45,61,872 equity shares (representing 3.68% of the total issued and paid-up equity share capital of the company). The floor price of the offer had been set at Rs 395 apiece, a 6.23% discount to the stock's closing price of Rs 421.25 recorded on 03 September 2024. The Government of India held 85.78% stake in General Insurance Corporation of India as of 30 September 2024. A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors. The OFS opened on 04 September 2024, which was the T-day, where only non-retail investors can bid for the shares. On 05 September 2024, which was the T+1 day, the OFS was accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T-day. On T-day, the OFS received subscription for 5,81,05,684 shares. It was subscribed 108.49%. On T+1 day, the OFS received subscription for 13,45,323 shares. It was subscribed 22.61%. General Insurance Corporation of India is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. Powered by Capital Market - Live
General Insurance Corporation of India tumbled 5.59% to end at Rs 397.70 after the President of India announced its proposal to sell 3.39% stake in the company through an offer for sale (OFS) on 04th and 05th September 2024. Through the OFS, the Government of India proposes to sell 5,95,12,000 shares, representing a 3.39% stake, with an option to sell an additional 3.39% stake or 5,95,12,000 equity shares in case of oversubscription. The floor price of the offer has been set at Rs 395 apiece, a 6.23% discount to the stock's closing price of Rs 421.25 recorded on Wednesday, 03 September 2024. The Government of India held 85.78% stake in General Insurance Corporation of India as of 30 September 2024. A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors. The OFS opened on 04 September 2024, which is the T-day, where only non-retail investors can bid for the shares. On 05 September 2024, which is the T+1 day, the OFS will be accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T day. On Day 1 (T-day), as of 15:30 IST, the OFS received subscription for 5,81,05,684 shares. It was subscribed 108.49% on the base non-retail offer size of 5,35,60,800 shares. General Insurance Corporation of India is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. Powered by Capital Market - Live
Thomas Cook (India) Ltd, Oil India Ltd, Ahluwalia Contracts (India) Ltd and KSB Ltd are among the other losers in the BSE's 'A' group today, 04 September 2024.General Insurance Corporation of India lost 5.28% to Rs 399 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.21 lakh shares were traded on the counter so far as against the average daily volumes of 92748 shares in the past one month.Thomas Cook (India) Ltd crashed 4.99% to Rs 208.55. The stock was the second biggest loser in 'A' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 69187 shares in the past one month.Oil India Ltd tumbled 4.90% to Rs 693.95. The stock was the third biggest loser in 'A' group.On the BSE, 1.68 lakh shares were traded on the counter so far as against the average daily volumes of 5.5 lakh shares in the past one month.Ahluwalia Contracts (India) Ltd pared 4.27% to Rs 1169.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 5072 shares were traded on the counter so far as against the average daily volumes of 23594 shares in the past one month.KSB Ltd slipped 4.00% to Rs 889.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 7320 shares were traded on the counter so far as against the average daily volumes of 5084 shares in the past one month.Powered by Capital Market - Live
General Insurance Corporation of India has fixed 11 September 2024 as record date for payment of dividend of Rs 10 per equity share for FY 2024. Powered by Capital Market - Live
Net profit of General Insurance Corporation of India rose 43.27% to Rs 1400.66 crore in the quarter ended June 2024 as against Rs 977.66 crore during the previous quarter ended June 2023. Sales rose 16.11% to Rs 10097.61 crore in the quarter ended June 2024 as against Rs 8696.42 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales10097.618696.42 16 OPM %14.5911.11 - PBDT1490.131153.58 29 PBT1490.131153.58 29 NP1400.66977.66 43 Powered by Capital Market - Live
General Insurance Corporation of India will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live
DLF-GIC JV firm DCCDL’s office rental income rises 11% to Rs 942 cr in Q1
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 0.65%, vs industry avg of 11.63%
Decreasing Market Share
Over the last 5 years, market share decreased from 5.3% to 3.14%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.38%, vs industry avg of 34.38%