General Insurance Corporation of India
General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)
- Market Cap ₹ 64,299 Cr.
- Current Price ₹ 366
- High / Low ₹ 468 / 262
- Stock P/E 8.84
- Book Value ₹ 341
- Dividend Yield 2.73 %
- ROCE 15.8 %
- ROE 13.3 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 1.07 times its book value
- Company has delivered good profit growth of 24.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.4%
Cons
- The company has delivered a poor sales growth of 0.20% over past five years.
- Company has a low return on equity of 12.8% 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
Sector: Insurance Industry: Finance & Investments
Part of BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 BSE CPSE BSE Allcap BSE Financial Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13,616 | 13,595 | 15,338 | 26,776 | 38,198 | 44,928 | 50,345 | 48,583 | 48,967 | 46,638 | 45,375 | 46,398 | |
16,088 | 15,160 | 16,851 | 27,561 | 39,900 | 41,204 | 52,445 | 45,510 | 45,816 | 39,709 | 38,619 | 38,233 | |
Operating Profit | -2,472 | -1,566 | -1,512 | -786 | -1,702 | 3,724 | -2,100 | 3,073 | 3,151 | 6,929 | 6,756 | 8,165 |
OPM % | -18% | -12% | -10% | -3% | -4% | 8% | -4% | 6% | 6% | 15% | 15% | 18% |
4,917 | 4,436 | 4,545 | 4,573 | 5,351 | 145 | 1,754 | 11 | 618 | 1,112 | 1,182 | 528 | |
Interest | 138 | 33 | 2 | 7 | 12 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Depreciation | 5 | 9 | 9 | 10 | 8 | 14 | 19 | 15 | 14 | 10 | 12 | 0 |
Profit before tax | 2,302 | 2,829 | 3,021 | 3,770 | 3,630 | 3,854 | -366 | 3,069 | 3,755 | 8,031 | 7,925 | 8,693 |
Tax % | -1% | 1% | 11% | 13% | 12% | 32% | -24% | 41% | 41% | 18% | 18% | |
2,433 | 2,891 | 2,823 | 3,672 | 3,146 | 2,758 | -186 | 1,992 | 2,386 | 6,907 | 6,686 | 7,276 | |
EPS in Rs | 282.91 | 336.16 | 3.28 | 4.27 | 17.93 | 15.72 | -1.06 | 11.35 | 13.60 | 39.37 | 38.11 | 41.47 |
Dividend Payout % | 24% | 11% | 19% | 27% | 38% | 43% | 0% | 0% | 17% | 18% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 0% |
3 Years: | -2% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 24% |
3 Years: | 50% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 37% |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 13% |
Last Year: | 13% |
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 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 430 | 430 | 430 | 430 | 439 | 877 | 877 | 877 | 877 | 877 | 877 | 877 |
Reserves | 33,756 | 43,742 | 41,445 | 19,753 | 23,716 | 24,615 | 23,067 | 31,586 | 35,131 | 44,308 | 54,379 | 58,963 |
0 | 0 | 0 | 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 | 115,833 | 117,546 | 129,196 | 141,631 | |
Total Liabilities | 63,995 | 74,916 | 76,103 | 97,314 | 112,484 | 122,209 | 120,581 | 140,265 | 151,841 | 162,731 | 184,452 | 201,471 |
118 | 181 | 214 | 192 | 200 | 225 | 209 | 200 | 200 | 324 | 318 | 325 | |
CWIP | 0 | 0 | 0 | 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 | 104,677 | 114,738 | 135,763 | 147,900 |
17,198 | 17,978 | 20,203 | 30,641 | 38,493 | 39,938 | 49,455 | 46,075 | 46,963 | 47,669 | 48,372 | 53,246 | |
Total Assets | 63,995 | 74,916 | 76,103 | 97,314 | 112,484 | 122,209 | 120,581 | 140,265 | 151,841 | 162,731 | 184,452 | 201,471 |
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 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
2,635 | 6,013 | 7,901 | 8,837 | 7,604 | 8,617 | 13,284 | 9,051 | 11,722 | 11,144 | ||
-2,763 | -3,332 | -4,414 | -5,605 | -7,501 | -4,016 | -10,802 | -6,188 | -9,076 | -8,729 | ||
-387 | -650 | -1,035 | -1,206 | -1,428 | -1,428 | 0 | 0 | -395 | -1,263 | ||
Net Cash Flow | -515 | 2,030 | 2,452 | 2,026 | -1,324 | 3,174 | 2,482 | 2,863 | 2,251 | 1,153 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -572 | -720 | -740 | -396 | -336 | -321 | -353 | -447 | -496 | -564 | -612 |
ROCE % | 3% | 3% | 7% | 7% | 13% | -1% | 11% | 11% | 20% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of Q2 FY '25 earnings conference call.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Nov - Submission of audio recording of financial results conference call.
- Announcement under Regulation 30 (LODR)-Investor Presentation 13 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Nov - GIC Re announces financial performance for H1 2024.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 12Th November 2024
12 Nov - Board meeting outcome and financial results for Q2 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
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Financial Year 2005
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Financial Year 2004
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Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Apr 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Sep 2020Transcript PPT
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Jun 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Jul 2018TranscriptPPT
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May 2018TranscriptPPT
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Nov 2017TranscriptNotesPPT
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]