Go Digit General Insurance Ltd
Established in December 2016, Go Digit General Insurance Limited provides various insurance products such as motor, health, travel, property, marine, liability, and more, tailored to customers' preferences.[1]
- Market Cap ₹ 29,975 Cr.
- Current Price ₹ 325
- High / Low ₹ 408 / 278
- Stock P/E 105
- Book Value ₹ 50.4
- Dividend Yield 0.00 %
- ROCE 6.62 %
- ROE 7.08 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 6.33 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of -1.23% over last 3 years.
- Earnings include an other income of Rs.468 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 BSE 250 SmallCap Index Nifty Smallcap 250 BSE IPO Nifty Smallcap 100
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 2,252 | 3,841 | 5,269 | 7,269 | 8,882 | |
| 2,366 | 4,124 | 5,218 | 7,070 | 9,063 | |
| Operating Profit | -114 | -283 | 50 | 199 | -182 |
| OPM % | -5% | -7% | 1% | 3% | -2% |
| 0 | -0 | 0 | 1 | 468 | |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 12 | 15 | 18 | 0 |
| Profit before tax | -123 | -296 | 36 | 182 | 286 |
| Tax % | 0% | 0% | 0% | 0% | |
| -123 | -296 | 36 | 182 | 286 | |
| EPS in Rs | -1.49 | -3.44 | 0.41 | 2.08 | 3.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 52% |
| TTM: | 410% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 825 | 859 | 874 | 875 | 921 |
| Reserves | 402 | 1,119 | 1,565 | 1,822 | 3,723 |
| 0 | 0 | 0 | 350 | 350 | |
| 4,777 | 8,070 | 11,050 | 13,912 | 15,622 | |
| Total Liabilities | 6,004 | 10,048 | 13,490 | 16,958 | 20,616 |
| 22 | 125 | 161 | 173 | 161 | |
| CWIP | 81 | 24 | 1 | 2 | 0 |
| Investments | 5,430 | 9,247 | 12,389 | 15,395 | 18,360 |
| 471 | 652 | 938 | 1,388 | 2,095 | |
| Total Assets | 6,004 | 10,048 | 13,490 | 16,958 | 20,616 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 1,563 | 2,479 | 2,250 | 1,720 | |
| -1,637 | -3,487 | -2,514 | -1,986 | |
| 159 | 995 | 397 | 342 | |
| Net Cash Flow | 86 | -13 | 133 | 77 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 |
| Working Capital Days | -723 | -719 | -720 | -646 |
| ROCE % | -18% | 2% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Appointment of Mr. Mukul Gupta as Non-executive Independent Director.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Nov - Schedule of Morgan Stanley''s Asia Pacific Summit to be held in Singapore
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Nov - Go Digit awarded General Insurance Company of the Year 2024.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Nov - Schedule of Analysts/Institutional Investors Meet on November 13, 2024.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Nov - Schedule of Analysts/Institutional Investors Meet on November 12, 2024.
Annual reports
Concalls
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
Digital Full Stack Insurers[1] Full-Stack Insurers are insurance firms that are fully licensed and controlled by a regulatory authority and perform sourcing, underwriting, and servicing all in-house. Digital full-stack insurers focus on integrating technology into their operations.