General Insurance Corporation of India

General Insuranc Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

General Insurance Corporation of India

₹ 394 0.85%
14 Jun - close price
gicre.in BSE: 540755 NSE: GICRE
About

General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)

Key Points

History[1][2] - Post Independence, Government of India (GOI) took over 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business. Later in Nov 1972, GOI incorporated General Insurance Corporation of India (GIC) to look after the above entities which were merged into 4 companies namely, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited, United India Insurance Company Limited (which is also a wholly-owned subsidiary of GIC).[3]

Website BSE NSE
  • Market Cap ₹ 69,071 Cr.
  • Current Price ₹ 394
  • High / Low ₹ 468 / 179
  • Stock P/E 10.6
  • Book Value ₹ 296
  • Dividend Yield 1.83 %
  • ROCE 16.8 %
  • ROE 13.8 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 29.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.2%

Cons

  • The company has delivered a poor sales growth of 0.40% over past five years.
  • Company has a low return on equity of 12.7% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Insurance Industry: Finance & Investments

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
9,860 13,149 13,080 11,178 11,449 12,627 11,970 11,249 10,556 11,087 13,059 10,851 10,199
7,722 14,510 11,888 11,306 8,114 12,091 9,978 10,268 7,341 10,333 11,592 9,405 7,161
Operating Profit 2,138 -1,361 1,192 -128 3,335 536 1,993 981 3,215 755 1,467 1,446 3,038
OPM % 22% -10% 9% -1% 29% 4% 17% 9% 30% 7% 11% 13% 30%
-92 194 22 27 280 453 469 315 -211 180 380 477 134
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,045 -1,167 1,214 -102 3,615 989 2,461 1,295 3,004 935 1,848 1,924 3,171
Tax % 38% 34% 17% 72% 50% 30% 24% 7% 15% 22% 13% 21% 17%
1,260 -772 1,011 -28 1,795 690 1,860 1,199 2,564 732 1,605 1,518 2,642
EPS in Rs 7.18 -4.40 5.76 -0.16 10.23 3.93 10.60 6.83 14.61 4.17 9.15 8.65 15.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13,251 13,616 13,559 15,211 31,301 43,489 44,297 50,128 48,687 48,856 46,402 45,197
13,850 14,993 15,120 16,759 27,653 39,771 41,627 52,244 45,308 45,806 39,670 38,491
Operating Profit -599 -1,377 -1,561 -1,548 3,647 3,718 2,670 -2,116 3,379 3,050 6,732 6,706
OPM % -5% -10% -12% -10% 12% 9% 6% -4% 7% 6% 15% 15%
3,083 3,825 4,433 4,546 -14 -42 804 1,688 -202 522 1,025 1,172
Interest 170 138 33 2 0 0 26 0 0 0 0 0
Depreciation 4 5 9 9 10 7 14 18 14 12 8 0
Profit before tax 2,310 2,304 2,831 2,987 3,624 3,668 3,434 -446 3,163 3,560 7,749 7,878
Tax % 1% -1% 1% 11% 14% 12% 35% 19% 39% 44% 19% 18%
2,289 2,322 2,803 2,655 3,128 3,234 2,224 -359 1,920 2,006 6,312 6,497
EPS in Rs 266.15 269.98 325.89 3.09 3.64 18.43 12.68 -2.05 10.95 11.43 35.98 37.03
Dividend Payout % 0% 25% 12% 20% 32% 37% 53% 0% 0% 20% 20% 27%
Compounded Sales Growth
10 Years: 13%
5 Years: 0%
3 Years: -2%
TTM: -3%
Compounded Profit Growth
10 Years: 16%
5 Years: 30%
3 Years: 50%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 25%
1 Year: 107%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 430 430 430 430 430 439 877 877 877 877 877 877
Reserves 27,709 32,771 42,669 40,208 28,051 30,674 22,484 21,046 29,326 32,436 41,100 51,118
0 0 0 0 0 0 0 0 0 0 0 0
28,427 29,802 30,357 33,540 66,467 78,560 95,523 94,273 104,458 111,574 115,148 126,291
Total Liabilities 56,566 63,002 73,455 74,177 94,949 109,672 118,884 116,196 134,661 144,887 157,125 178,286
57 118 142 175 164 171 197 181 169 170 294 287
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 39,999 45,688 55,725 54,441 64,745 71,922 79,613 68,526 91,096 101,106 110,683 131,425
16,510 17,196 17,588 19,561 30,040 37,580 39,074 47,490 43,396 43,612 46,147 46,574
Total Assets 56,566 63,002 73,455 74,177 94,949 109,672 118,884 116,196 134,661 144,887 157,125 178,286

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,571 5,802 7,782 8,662 7,016 8,225 12,824 8,420 11,349 10,744
-2,720 -3,119 -4,317 -5,475 -6,912 -3,791 -10,383 -5,631 -8,753 -8,515
-387 -650 -1,035 -1,206 -1,428 -1,428 0 0 -395 -1,263
Net Cash Flow -536 2,033 2,429 1,981 -1,324 3,006 2,440 2,789 2,201 966

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -686 -700 -721 -744 -338 -287 -322 -349 -439 -487 -557 -602
ROCE % 6% 4% 3% 3% 10% 12% 10% -2% 12% 11% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78%
0.80% 0.69% 0.53% 0.45% 0.47% 0.46% 0.53% 0.67% 0.77% 0.86% 0.95% 0.87%
11.38% 11.04% 10.89% 10.90% 10.91% 11.07% 11.01% 11.02% 11.02% 11.02% 11.11% 11.06%
2.04% 2.49% 2.79% 2.87% 2.84% 2.68% 2.67% 2.53% 2.42% 2.34% 2.15% 2.30%
No. of Shareholders 2,51,8502,66,2722,68,8832,73,5292,79,7232,67,5502,55,0942,48,1002,35,6682,26,8702,22,6062,42,314

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls