General Insurance Corporation of India

About

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

  • Market Cap 24,860 Cr.
  • Current Price 142
  • High / Low 244 / 117
  • Stock P/E 9.68
  • Book Value 192
  • Dividend Yield 0.00 %
  • ROCE 10.9 %
  • ROE 7.06 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.74 times its book value

Cons

  • Company has a low return on equity of 4.41% for last 3 years.
  • Contingent liabilities of Rs.14748.13 Cr.
  • Dividend payout has been low at 14.31% of profits over last 3 years

Peer comparison

Sector: Insurance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
8,668 6,967 18,254 13,699 10,033 9,513 14,835 12,308 11,780 9,884 12,923 13,431
7,370 5,390 18,150 14,509 11,042 8,764 15,797 11,674 10,249 7,804 14,639 11,894
Operating Profit 1,299 1,577 104 -810 -1,009 749 -961 634 1,531 2,079 -1,715 1,537
OPM % 15% 23% 1% -6% -10% 8% -6% 5% 13% 21% -13% 11%
Other Income -277 -57 56 112 59 374 178 -255 -57 -79 204 33
Interest 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
Profit before tax 1,021 1,520 159 -698 -950 1,123 -783 379 1,473 2,000 -1,511 1,570
Tax % 69% 39% 4% -1% -4% -12% 31% 48% 35% 39% 26% 13%
Net Profit 377 889 192 -653 -1,036 1,310 -497 228 931 1,329 -1,040 1,348
EPS in Rs 2.15 5.07 1.09 -3.72 -5.90 7.46 -2.83 1.30 5.31 7.57 -5.93 7.68

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
13,616 13,595 15,338 26,776 38,198 44,928 51,927 48,807 48,018
16,088 15,160 16,851 27,561 39,900 41,204 53,103 45,525 44,587
Operating Profit -2,472 -1,566 -1,512 -786 -1,702 3,724 -1,176 3,282 3,432
OPM % -18% -12% -10% -3% -4% 8% -2% 7% 7%
Other Income 4,917 4,436 4,545 4,573 5,351 145 829 -213 101
Interest 138 33 2 7 12 0 0 0 0
Depreciation 5 9 9 10 8 14 19 0 0
Profit before tax 2,302 2,829 3,021 3,770 3,630 3,854 -366 3,069 3,533
Tax % -1% 1% 11% 13% 12% 32% 24% 41%
Net Profit 2,433 2,891 2,823 3,672 3,146 2,758 -186 1,992 2,569
EPS in Rs 282.91 336.16 3.28 4.27 17.93 15.72 -1.06 11.35 14.63
Dividend Payout % 24% 11% 19% 27% 38% 43% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 9%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 9%
TTM: 46945%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -21%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 4%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
430 430 430 430 439 877 877 877 877
Reserves 33,756 43,742 41,445 19,753 23,716 24,615 23,067 31,586 32,779
Borrowings 0 0 0 0 0 0 0 0 0
29,809 30,745 34,228 77,131 88,329 96,716 96,637 107,801 118,274
Total Liabilities 63,995 74,916 76,103 97,314 112,484 122,209 120,581 140,265 151,930
118 181 214 192 200 225 209 200 196
CWIP 0 0 0 0 0 0 0 0 0
Investments 46,679 56,758 55,686 66,481 73,791 82,045 70,918 93,990 103,380
17,198 17,978 20,203 30,641 38,493 39,938 49,455 46,075 48,354
Total Assets 63,995 74,916 76,103 97,314 112,484 122,209 120,581 140,265 151,930

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2,635 6,013 7,901 8,837 7,604 8,617 13,284
-2,763 -3,332 -4,414 -5,605 -7,501 -4,016 -10,453
-387 -650 -1,035 -1,206 -1,428 -1,428 0
Net Cash Flow -515 2,030 2,452 2,026 -1,324 3,174 2,830

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0
Working Capital Days -572 -562 -575 -396 -330 -321 -342 -445
ROCE % 3% 3% 7% 7% 13% -4% 11%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78
0.28 0.26 0.27 0.27 0.26 0.26 0.25 0.22 0.19 0.55 0.80 0.69
12.06 12.07 12.01 11.98 11.98 11.90 11.89 11.78 11.76 11.57 11.38 11.04
1.88 1.89 1.94 1.96 1.98 2.06 2.08 2.22 2.27 2.09 2.04 2.49

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