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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of General Insurance Corporation of India

About the Company - General Insurance Corporation of India

General Insurance Corporation of India is a Public Limited Listed company incorporated on 22/11/1972 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67200MH1972GOI016133 and registration number is 016133. Currently Company is involved in the business activities of Reinsurance. Company’s Total Operating Revenue is Rs. 49257.10 Cr. and Equity Capital is Rs. 877.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - ReinsuranceSuraksha, Mumbai Maharashtra 400020investors.gic@gicofindia.com
https://www.gicre.in/en
Management
NamePosition Held
Mr. Devesh SrivastavaChairman & Managing Director
Mr. Amit AgrawalNon Executive Director
Mr. Atanu Kumar DasNon Executive Director
Mr. Priya Bhushan SharmaIndependent Director
Mr. T SivakumarIndependent Director

General Insurance Corporation of India Share Price Update

Share PriceValue
Today₹405.85
Previous Day₹441.45

Basic Stock Data of General Insurance Corporation of India

Market Cap 72,150 Cr.
Current Price 411
High / Low468/128
Stock P/E11.3
Book Value 254
Dividend Yield1.71 %
ROCE20.6 %
ROE16.8 %
Face Value 5.00

Data Source: screener.in

General Insurance Corporation of India Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales12,25911,7649,86013,14913,08011,17811,44912,62711,97011,24910,55611,08713,059
Expenses11,63710,2607,72214,51011,88811,3068,11412,0919,97810,2687,34110,33311,592
Operating Profit6211,5042,138-1,3611,192-1283,3355361,9939813,2157551,467
OPM %5%13%22%-10%9%-1%29%4%17%9%30%7%11%
Other Income-20913-921942227280453469315-211180380
Interest0000000000000
Depreciation0000000000000
Profit before tax4121,5172,045-1,1671,214-1023,6159892,4611,2953,0049351,848
Tax %44%35%38%34%17%72%50%30%24%7%15%22%13%
Net Profit2309871,260-7721,011-281,7956901,8601,1992,5647321,605
EPS in Rs1.315.637.18-4.405.76-0.1610.233.9310.606.8314.614.179.15

General Insurance Corporation of India Quarterly Chart

General Insurance Corporation of India Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales11,31613,25113,61613,55915,21126,71538,09644,29750,12848,48548,85646,40245,952
Expenses16,48213,85014,99315,12016,75927,64839,75841,62752,24445,30845,80639,67039,534
Operating Profit-5,166-599-1,377-1,561-1,548-934-1,6622,670-2,1163,1773,0506,7326,418
OPM %-46%-5%-10%-12%-10%-3%-4%6%-4%7%6%15%14%
Other Income2,6833,0833,8254,4334,5464,5745,3508041,68805221,025664
Interest31701383327122600000
Depreciation445991071418141280
Profit before tax-2,4912,3102,3042,8312,9873,6243,6683,434-4463,1633,5607,7497,082
Tax %1%1%-1%1%11%14%12%35%19%39%44%19%
Net Profit-2,4692,2892,3222,8032,6553,1283,2342,224-3591,9202,0066,3126,100
EPS in Rs-287.06266.15269.98325.893.093.6418.4312.68-2.0510.9511.4335.9834.76
Dividend Payout %0%0%25%12%20%32%37%53%0%0%20%20%

General Insurance Corporation of India Profit & Loss Yearly Chart

General Insurance Corporation of India Growth

Compounded Sales Growth
10 Years:13%
5 Years:1%
3 Years:-3%
TTM:-4%
Compounded Profit Growth
10 Years:16%
5 Years:14%
3 Years:170%
TTM:16%
Stock Price CAGR
10 Years:%
5 Years:12%
3 Years:43%
1 Year:153%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:11%
Last Year:17%

General Insurance Corporation of India Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital430430430430430430439877877877877877877
Reserves24,33327,70932,77142,66940,20828,05130,67422,48421,04629,32632,43641,10043,714
Borrowings0000000000000
Other Liabilities28,96828,42729,80230,35733,54066,46778,56095,52394,273104,458111,574115,148123,050
Total Liabilities53,73156,56663,00273,45574,17794,949109,672118,884116,196134,661144,887157,125167,641
Fixed Assets4957118142175164171197181169170294290
CWIP0000000000000
Investments36,94639,99945,68855,72554,44164,74571,92279,61368,52691,096101,106110,683121,454
Other Assets16,73516,51017,19617,58819,56130,04037,58039,07447,49043,39643,61246,14745,898
Total Assets53,73156,56663,00273,45574,17794,949109,672118,884116,196134,661144,887157,125167,641

General Insurance Corporation of India Reserves and Borrowings Chart

General Insurance Corporation of India Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2,5715,8027,7828,6627,0168,22512,8248,42011,349
Cash from Investing Activity -2,720-3,119-4,317-5,475-6,912-3,791-10,383-5,631-8,753
Cash from Financing Activity -387-650-1,035-1,206-1,428-1,42800-395
Net Cash Flow-5362,0332,4291,981-1,3243,0062,4402,7892,201

General Insurance Corporation of India Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days-618-686-700-721-744-396-328-322-349-441-487-557
ROCE %-11%6%4%3%3%6%8%12%-2%12%11%

General Insurance Corporation of India Financial Efficiency Indicators Chart

General Insurance Corporation of India Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters85.78%85.78%85.78%85.78%85.78%85.78%85.78%85.78%85.78%85.78%85.78%85.78%
FIIs0.55%0.80%0.69%0.53%0.45%0.47%0.46%0.53%0.67%0.77%0.86%0.95%
DIIs11.57%11.38%11.04%10.89%10.90%10.91%11.07%11.01%11.02%11.02%11.02%11.11%
Public2.09%2.04%2.49%2.79%2.87%2.84%2.68%2.67%2.53%2.42%2.34%2.15%
No. of Shareholders2,52,2482,51,8502,66,2722,68,8832,73,5292,79,7232,67,5502,55,0942,48,1002,35,6682,26,8702,22,606

General Insurance Corporation of India Shareholding Pattern Chart

No. of General Insurance Corporation of India Shareholders

General Insurance Corporation of India Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Midcap Fund16910210.4838.56
Bandhan Financial Services Fund5342692.0812.18
Motilal Oswal Nifty Midcap 150 Index Fund1142990.262.61
Nippon India ETF Nifty Midcap 1501033090.262.36
Nippon India Nifty Midcap 150 Index Fund958030.262.18
Mirae Asset Nifty Midcap 150 ETF573790.261.31
Kotak Quant Fund486310.51.11
SBI Nifty Midcap 150 Index Fund224060.260.51
Aditya Birla Sun Life Nifty Midcap 150 Index Fund139630.260.32
Motilal Oswal S&P BSE Enhanced Value Index Fund138770.580.32

General Insurance Corporation of India ROCE Trend

General Insurance Corporation of India EPS Trend

General Insurance Corporation of India Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)39.3713.6011.35-1.0615.72
Diluted EPS (Rs.)39.3713.6011.35-1.0615.72
Cash EPS (Rs.)37.4912.6110.49-1.5915.04
Book Value[Excl.RevalReserv]/Share (Rs.)257.55164.31185.04155.01193.19
Book Value[Incl.RevalReserv]/Share (Rs.)257.55164.31185.04155.01193.19
Revenue From Operations / Share (Rs.)269.30282.63276.92295.98256.09
PBDIT / Share (Rs.)48.7021.8417.93-2.0821.97
PBIT / Share (Rs.)48.7021.7617.84-2.0821.97
PBT / Share (Rs.)48.7021.4017.49-2.0821.97
Net Profit / Share (Rs.)37.4912.5310.40-1.5915.04
NP After MI And SOA / Share (Rs.)39.3713.6011.35-1.0615.72
PBDIT Margin (%)18.087.726.47-0.708.57
PBIT Margin (%)18.087.696.44-0.708.57
PBT Margin (%)18.087.576.31-0.708.57
Net Profit Margin (%)13.924.433.75-0.535.87
NP After MI And SOA Margin (%)14.614.814.09-0.356.13
Return on Networth / Equity (%)15.288.276.13-0.688.13
Return on Capital Employeed (%)12.666.355.85-0.946.89
Return On Assets (%)4.241.571.41-0.152.25
Asset Turnover Ratio (%)0.300.340.370.430.38
Current Ratio (X)0.490.500.520.600.68
Quick Ratio (X)0.490.500.520.600.68
Dividend Payout Ratio (NP) (%)5.710.000.00-635.1142.94
Dividend Payout Ratio (CP) (%)5.710.000.00-635.1142.94
Earning Retention Ratio (%)94.290.000.00735.1157.06
Cash Earning Retention Ratio (%)94.290.000.00735.1157.06
Interest Coverage Ratio (X)12739.5261.0651.670.000.00
Interest Coverage Ratio (Post Tax) (X)10571.6036.0430.980.000.00
Enterprise Value (Cr.)-202.25-1468.7216420.252296.9229628.61
EV / Net Operating Revenue (X)0.00-0.020.330.040.65
EV / EBITDA (X)-0.02-0.385.22-6.287.69
MarketCap / Net Operating Revenue (X)0.490.400.720.350.94
Retention Ratios (%)94.280.000.00735.1157.05
Price / BV (X)0.520.691.080.671.26
Price / Net Operating Revenue (X)0.490.400.720.350.94
EarningsYield0.290.110.05-0.010.06

General Insurance Corporation of India Profitability Ratios (%)

General Insurance Corporation of India Liquidity Ratios

General Insurance Corporation of India Liquidity Ratios (%)

General Insurance Corporation of India Interest Coverage Ratios (%)

General Insurance Corporation of India Valuation Ratios

Fair Value of General Insurance Corporation of India Stock

Fair Value: ₹490.44

The stock is undervalued by 19.33% compared to the current price ₹411

*Investments are subject to market risks

Strength and Weakness of General Insurance Corporation of India Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -529.08, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  3. The company has higher reserves (32,040.08 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of 21.64 and average Dividend Yield of 8.02%.
  2. The stock has a low average ROCE of 4.33%, which may not be favorable.
  3. The company has not shown consistent growth in sales (31.54) and profit (-31.62).

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in General Insurance Corporation of India. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE