General Insurance Corporation of India

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General Insurance Corporation of India

₹ 412 0.70%
30 May - 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 ₹ 72,211 Cr.
  • Current Price ₹ 412
  • High / Low ₹ 526 / 317
  • Stock P/E 10.8
  • Book Value ₹ 328
  • Dividend Yield 2.43 %
  • ROCE 16.0 %
  • ROE 12.2 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 83.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.4%

Cons

  • The company has delivered a poor sales growth of -0.49% over past five years.
  • Company has a low return on equity of 14.0% over last 3 years.
  • Contingent liabilities of Rs.22,856 Cr.

* 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

Financial Services Financial Services Insurance General Insurance

Part of BSE 500 BSE 200 BSE PSU Nifty 500 BSE MidCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
11,449 12,627 11,970 11,249 10,556 11,087 13,224 11,120 10,199 12,823 12,130 11,167 12,583
8,114 12,091 9,978 10,268 7,341 10,333 11,582 9,396 7,161 11,430 9,765 9,264 9,808
Operating Profit 3,335 536 1,993 981 3,215 755 1,643 1,724 3,038 1,393 2,365 1,903 2,776
OPM % 29% 4% 17% 9% 30% 7% 12% 16% 30% 11% 20% 17% 22%
280 453 469 315 -211 180 205 200 134 0 -84 266 147
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 3,615 989 2,461 1,295 3,004 935 1,848 1,924 3,171 1,393 2,281 2,169 2,923
Tax % 50% 30% 24% 7% 15% 22% 13% 21% 17% 26% 18% 25% 25%
1,795 690 1,860 1,199 2,564 732 1,605 1,518 2,642 1,036 1,861 1,621 2,183
EPS in Rs 10.23 3.93 10.60 6.83 14.61 4.17 9.15 8.65 15.06 5.91 10.61 9.24 12.44
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
13,616 13,559 15,211 31,301 43,489 44,297 50,128 48,687 48,856 46,402 45,197 48,903
14,993 15,120 16,759 27,653 39,771 41,627 52,244 45,308 45,806 39,669 38,491 40,466
Operating Profit -1,377 -1,561 -1,548 3,647 3,718 2,670 -2,116 3,379 3,050 6,733 6,706 8,437
OPM % -10% -12% -10% 12% 9% 6% -4% 7% 6% 15% 15% 17%
3,825 4,433 4,546 -14 -42 804 1,688 -202 522 1,025 1,172 329
Interest 138 33 2 0 0 26 0 0 0 1 1 0
Depreciation 5 9 9 10 7 14 18 14 12 8 10 0
Profit before tax 2,304 2,831 2,987 3,624 3,668 3,434 -446 3,163 3,560 7,749 7,878 8,766
Tax % -1% 1% 11% 14% 12% 35% -19% 39% 44% 19% 18% 24%
2,322 2,803 2,655 3,128 3,234 2,224 -359 1,920 2,006 6,312 6,497 6,701
EPS in Rs 269.98 325.89 3.09 3.64 18.43 12.68 -2.05 10.95 11.43 35.98 37.03 38.20
Dividend Payout % 25% 12% 20% 32% 37% 53% 0% 0% 20% 20% 27% 26%
Compounded Sales Growth
10 Years: 14%
5 Years: 0%
3 Years: 0%
TTM: 8%
Compounded Profit Growth
10 Years: 18%
5 Years: 83%
3 Years: 49%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 51%
1 Year: 16%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 430 430 430 430 439 877 877 877 877 877 877 877
Reserves 32,771 42,669 40,208 28,051 30,674 22,484 21,046 29,326 32,436 41,100 51,118 56,745
0 0 0 0 0 0 0 0 0 0 0 0
29,802 30,357 33,540 66,467 78,560 95,523 94,273 104,458 111,574 115,148 126,291 129,993
Total Liabilities 63,002 73,455 74,177 94,949 109,672 118,884 116,196 134,661 144,887 157,125 178,286 187,616
118 142 175 164 171 197 181 169 170 294 287 295
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 45,688 55,725 54,441 64,745 71,922 79,613 68,526 91,096 101,106 110,683 131,425 138,074
17,196 17,588 19,561 30,040 37,580 39,074 47,490 43,396 43,612 46,147 46,574 49,247
Total Assets 63,002 73,455 74,177 94,949 109,672 118,884 116,196 134,661 144,887 157,125 178,286 187,616

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,571 5,802 7,782 8,662 7,016 8,225 12,824 8,420 11,349 10,744 -1
-2,720 -3,119 -4,317 -5,475 -6,912 -3,791 -10,383 -5,631 -8,753 -8,376 2
-387 -650 -1,035 -1,206 -1,428 -1,428 0 0 -395 -1,263 -2
Net Cash Flow -536 2,033 2,429 1,981 -1,324 3,006 2,440 2,789 2,201 1,105 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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 -700 -721 -744 -338 -287 -322 -349 -439 -487 -557 -602 -589
ROCE % 4% 3% 3% 10% 12% 10% -2% 12% 11% 21% 17% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 85.78% 82.40% 82.40% 82.40%
0.47% 0.46% 0.53% 0.67% 0.77% 0.86% 0.95% 0.87% 1.05% 1.34% 1.80% 1.93%
10.91% 11.07% 11.01% 11.02% 11.02% 11.02% 11.11% 11.06% 10.91% 13.72% 13.70% 13.68%
2.84% 2.68% 2.67% 2.53% 2.42% 2.34% 2.15% 2.30% 2.25% 2.56% 2.10% 2.00%
No. of Shareholders 2,79,7232,67,5502,55,0942,48,1002,35,6682,26,8702,22,6062,42,3142,43,1272,52,3022,32,0572,26,162

* 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.

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