General Insurance Corporation of India - Stock Valuation and Financial Performance

BSE: 540755 | NSE: GICRE | Insurance | Mid Cap

General Ins. Corp Share Price

384.50 0.30 0.08%
as on 04-Oct'24 10:06

DeciZen - make an informed investing decision on General Ins. Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

General Insurance Corporation of India stock performance -

mw4me loader
P/E Ratio (CD):
9.48
Market Cap:
67,404.1 Cr.
52-wk low:
212.2
52-wk high:
467

Is General Insurance Corporation of India an attractive stock to invest in?

1. Is General Insurance Corporation of India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that General Insurance Corporation of India is a good quality company.

2. Is General Insurance Corporation of India undervalued or overvalued?

The key valuation ratios of General Insurance Corporation of India's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is General Insurance Corporation of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of General Insurance Corporation of India is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of General Ins. Corp:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
General Insurance Corporation of India has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.7%18.9%22.4%16.2%16%-1.1%12.9%14.3%25.8%20.8%-
Value Creation
Index
0.80.71.00.40.4-1.10.20.31.30.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000000000
Sales YoY Gr.-NANANANANANANANANA-
Adj EPS 16.817.5106.717.915.7-1.111.413.639.438.140.5
YoY Gr.-4.3%508.6%-83.2%-12.3%-106.7%NA19.8%189.5%-3.2%-
BVPS (₹) 93.299.2586.7137.7145.3136.5149.6164.3205.2239246.6
Adj Net
Profit
2,8913,0173,6723,1462,758-1861,9922,3866,9076,6867,109
Cash Flow from Ops. 2,6355,8767,9018,8377,6048,61713,2849,05111,72211,144-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS 9.5%19.4%49.7%-3.2%
BVPS11%10.5%16.9%16.5%
Share Price - 11.6% 38.7% 76.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0000000038.417.2-
Op. Profit
Mgn %
0000000000-
Net Profit
Mgn %
0000000000-
Debt to
Equity
0000000000-
Working Cap
Days
00000000000
Cash Conv.
Cycle
0000000000-393

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 49.74%

Return on Equity has declined versus last 3 years average to 16.70%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.13%

Latest Financials - General Insurance Corporation of India

Standalone Consolidated
TTM EPS (₹) 38.8 40.5
TTM Sales (₹ Cr.) 35,007 35,106
BVPS (₹.) 226.5 246.6
Reserves (₹ Cr.) 38,858 42,387
P/BV 1.70 1.56
PE 9.91 9.48
From the Market
52 Week Low / High (₹) 212.20 / 467.00
All Time Low / High (₹) 81.70 / 467.00
Market Cap (₹ Cr.) 67,404
Equity (₹ Cr.) 877.2
Face Value (₹) 5
Industry PE 23.2

Management X-Ray of General Ins. Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of General Ins. Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income From Investments1,3021,3401,5331,3511,8061,5821,9992,2473,1363,575
Other Income 2352371813145172111555041,084
Expenses79504577748117931981
Profit Before Tax2,9203,1254,1683,5803,973-2743,2363,9428,3618,103
Tax 291084964351,216-871,2441,5561,4541,417
Adjustments 0000000000
Net Profit 2,8913,0173,6723,1462,758-1861,9922,3866,9076,686
Adjusted EPS (₹)16.8117.54106.7417.9315.72-1.0611.3513.6039.370
Dividend Payout Ratio (%)19%29%27%38%43%0%0%17%18%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital 430430430439877877877877877877
Reserve and Surplus15,59416,62819,75323,71624,61523,06725,37627,95035,11941,058
Fair Value A/C28148234511003686388401325162117181918913322
Borrowings 0000000000
Policy Holders Fund 0020,00121,19622,02311,62121,01624,03722,28530,435
Funds For Appropriations0000000000
Total Liabilities 44,17240,50950,22053,98955,91638,81653,47960,04567,47085,692

Assets

Investment0000000000
Loans394366322282258235213190170152
Total Net block 181198192200225209200200324318
Total Assets 44,17240,50950,22053,98955,91638,81653,47960,04567,47085,692

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 2,6355,8767,9018,8377,6048,61713,2849,05111,72211,144
PBT 2,8312,9883,7703,6303,854-3663,0693,7558,0317,925
Adjustment 367-1974122425388336721611,835-323
Changes in Working Capital -9252680403453674549878310604659936735424
Tax Paid 362405-315-401-1,337-633-1,062-1,464-1,816-1,882
Cash Flow From Investing Activity -2,677-4,534-4,354-5,502-7,865-4,595-10,453-6,827-9,999-8,872
Capex -34-42-3-16-40-3-5-15-133-6
Net Investments -2,510-4,711-3,831-5,967-7,832-4,658-10,765-6,853-9,866-8,866
Others -134219-5194808663174000
Cash Flow From Financing Activity -387453-1,035-1,206-1,428-1,4280104-395-1,263
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -331563-860-1,002-1,184-1,18400-395-1,263
Others -56-110-175-204-243-243010400
Net Cash Flow -4291,7952,5122,129-1,6882,5942,8302,3281,3281,009
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)
ROCE (%)
Asset Turnover Ratio0.350.360.590.730.70.940.870.70.560.44
PAT to CFO Conversion(x)0.911.952.152.812.76N/A6.673.791.71.67
Working Capital Days
Receivable Days0000000000
Inventory Days0000000000
Payable Days0000000000

General Insurance Corporation of India Stock News

General Insurance Corporation of India FAQs

Company share prices are keep on changing according to the market conditions. The closing price of General Ins. Corp on 04-Oct-2024 10:06 is ₹384.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Oct-2024 10:06 the market cap of General Ins. Corp stood at ₹67,404.1.
The latest P/E ratio of General Ins. Corp as of 04-Oct-2024 10:06 is 9.91.
The latest P/B ratio of General Ins. Corp as of 04-Oct-2024 10:06 is 1.70.
The 52-week high of General Ins. Corp is ₹467.0 and the 52-week low is ₹212.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of General Ins. Corp is ₹35,007 ( Cr.) .

About General Insurance Corporation of India

General Insurance Corporation of India Ltd. (GIC) was incorporated on November 22, 1972 under the Companies Act, 1956 as a private company limited by shares.  GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance. As soon as GIC was formed, the Government of India (GOI) transferred all the shares it held of the general insurance companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance companies.

Business area of the company

The company provides reinsurance across many key business lines including fire (property), marine, motor, engineering, agriculture, aviation/space, health, liability, credit and financial and life insurance. As a sole reinsurer in the domestic reinsurance market, it provides reinsurance to the direct general insurance companies in the Indian market. It receives statutory cession of 5% on each and every policy subject to certain limits. It leads many of domestic companies’ treaty programmes and facultative placements. As it spreads its wings to emerge as an effective reinsurance solutions partner for the Afro-Asian region and has started leading the reinsurance programmes of several insurance companies in SAARC countries, South East Asia, Middle East and Africa. To offer its international clientele an easy accessibility, efficient service and tailor made reinsurance solutions; GIC has opened liaison/ representative/ branch / subsidiary offices in UK, Russia, UAE, Malaysia, South Africa and Brazil. GIC also has an offshore branch in GIFT City, Gujarat. GIC provides following capacities for Treaty and Facultative business on risk emanating from the international market based on merits of the business.

Awards and certifications

  • 2011 - Corporation won the Marine Insurance Award at Seatrade Middle East and Indian Subcontinent Awards 2011.
  • 2012 - Corporation won the Marine Insurance Award second time in a row, at Seatrade Middle East and Indian Subcontinent Awards 2012.
  • 2014 - Marine Insurer of the Year at the inaugural Maritime Standard Awards, Middle East and Indian Subcontinent Awards 2014.
  • 2014 - ICE Awards 2014 awarded to GIC ReNews (Certificate of Merit).
  • 2016 - Business Today Most Powerful Women Awards 2016.
  • 2017 - Reinsurance Company of the Year Award 2017 by ASSCOHAM, India.
  • 2017 -  Skoch Award, Resilinet India Award 2017.
  • 2019 - Alice G. Vaidyan, Chairman-cum-Managing Director,  has been  presented  with  the  CEO  of  The  Year  award  by  ET  Prime  at  the  Economic  Times  Prime  Women  Leadership Awards for 2019.
  • 2019 - FORTUNE India announced Ms. Alice G Vaidyan, as the 4th most powerful women in Business in their October issue on Most Powerful Women in Business.
  • 2019 - ASSOCHAM presented Ms. Vaidyan, the Leadership Excellence Award in February 2019.

Milestones

  • 1972 - Corporation was formed pursuant to section 9(1) of GIBNA and also under the Companies Act 1956 as private company limited by shares.
  • 1973 -The general insurance business in India was nationalized, 107 general insurance companies were merged and Corporation was formed as the holding company with four subsidiaries namely, New India Assurance Company Limited, National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company Limited.
  • 2000 - Corporation was notified as ‘Indian Reinsurer’.
  • 2003 - Corporation commenced its life reinsurance underwriting activities.
  • 2013 - The joint venture Reinsurance Company in Bhutan-GIC Bhutan Re Limited became operational.
  • 2014 - GIC Re South Africa Limited, the wholly owned subsidiary of GIC Re was established in South Africa.
  • 2015 - India nuclear insurance pool launched.
  • 2016 - GIC  Re,  India,  Corporate  Member  Limited,  the  Wholly  owned  subsidiary  of  GIC  Re  in  UKestablished.
  • 2016 - GIC Re converted into ‘Public Limited Company’.
  • 2017 - GIC Re opened IFSC Insurance office in GIFT City.
  • 2020 - General Insurance Corporation of India has received license from Bank of Russia to commence reinsurance business in Russia.
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