General Ins. Corp

₹343.8 0.9 | 0.2%

WEBSITE BSE:540755 NSE : GICRE 18 May, 12:50

Market Cap ₹60308 Cr.

Stock P/E 8.8

P/B 1.6

Current Price ₹343.8

Book Value ₹ 218.9

Face Value 5

52W High ₹467

Dividend Yield 2.09%

52W Low ₹ 170.2

Edit Ratio

General Ins. Corp Research see more...

Overview Inc. Year: 1972Industry: Insurance

General Insurance Corporation of India is a reinsurance organisation. The Company is engaged in the enterprise of home reinsurance, international reinsurance, and education / lifestyles. The Company's home reinsurance provides reinsurance to the direct widespread insurance corporations inside the Indian market. The Company's international reinsurance business gives reinsurance programmers' of numerous coverage companies in SAARC international locations, South East Asia, Middle East and Africa. The Company segments consist of Fire Insurance, Motor Insurance, Aviation Insurance, Engineering coverage, Health, different Miscellaneous Insurance, Marine Cargo, Marine Hull and Life insurance.

General Ins. Corp Share Price

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Peer Comparison

General Ins. Corp Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	10749	8991	8703	10734	8862	8653	7724	8696	9954	7780
Other Income	2715	2355	3099	2403	3710	2940	2875	2714	3512	3572
Total Income	13464	11346	11801	13137	12572	11594	10599	11410	13466	11352
Total Expenditure	11894	11376	8076	12111	9896	10289	7574	10257	11611	9532
Operating Profit	1570	-30	3726	1026	2676	1305	3025	1154	1855	1820
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1570	-30	3726	1026	2676	1305	3025	1154	1855	1820
Provision for Tax	203	-69	1816	317	614	108	416	204	244	428
Profit After Tax	1367	40	1910	709	2062	1197	2609	950	1612	1392
Adjustments	-19	102	26	20	155	35	120	28	77	47
Profit After Adjustments	1348	142	1936	729	2217	1232	2729	978	1689	1439
Adjusted Earnings Per Share	7.7	0.8	11	4.2	12.6	7	15.6	5.6	9.6	8.2

General Ins. Corp Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	13616	13595	15300	26776	38200	38250	44351	39985	39557	35974	34154
Other Income	2730	2899	2964	3022	3986	4873	5994	6599	7780	8137	12673
Total Income	16346	16494	18264	29798	42186	43123	50345	46584	47337	44110	46827
Total Expenditure	14742	14933	16607	27198	39668	40364	51124	45296	44146	38774	38974
Operating Profit	1603	1561	1658	2600	2518	2759	-780	1288	3191	5337	7854
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2416	2920	3125	4168	3580	3973	-274	3236	3942	8361	7854
Provision for Tax	-17	29	108	496	435	1216	-87	1244	1556	1454	1292
Profit After Tax	2433	2891	3017	3672	3146	2758	-186	1992	2386	6907	6563
Adjustments	0	0	0	0	0	0	0	0	0	0	272
Profit After Adjustments	2433	2891	3017	3672	3146	2758	-186	1992	2386	6907	6835
Adjusted Earnings Per Share	14.1	16.8	17.5	106.7	17.9	15.7	-1.1	11.4	13.6	39.4	39

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-9%	-7%	-1%	0%
Operating Profit CAGR	67%	0%	16%	0%
PAT CAGR	189%	0%	17%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	95%	20%	8%	NA%
ROE Average	21%	13%	10%	14%
ROCE Average	26%	18%	14%	16%

General Ins. Corp Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	13654	16024	17058	20183	24155	25492	23944	26253	28827	35996
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	29707	38260	36053	45975	45567	48513	36312	52028	56246	57643
Total Current Liabilities	22433	22774	30620	33804	46054	52111	64331	66357	71652	75894
Total Liabilities	65794	77058	83730	99961	115775	126116	124587	144638	156724	169533
Fixed Assets	118	181	198	192	200	225	209	200	200	324
Other Non-Current Assets	47127	57160	56052	66820	74091	82306	71173	94222	104906	115513
Total Current Assets	18549	19717	27480	32950	41485	43586	53204	50216	51618	53696
Total Assets	65794	77058	83730	99961	115775	126116	124587	144638	156724	169533

General Ins. Corp Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	8234	8264	7749	9779	12231	14257	12933	16107	18589	21451
Cash Flow from Operating Activities	2923	2635	5876	7901	8837	7604	8617	13284	9051	11722
Cash Flow from Investing Activities	-2539	-2677	-4534	-4354	-5502	-7865	-4595	-10453	-6827	-9999
Cash Flow from Financing Activities	-687	-387	453	-1035	-1206	-1428	-1428	0	104	-395
Net Cash Inflow / Outflow	-302	-429	1795	2512	2129	-1688	2594	2830	2328	1328
Closing Cash & Cash Equivalent	8264	7749	9779	12231	14257	12933	16107	18589	21451	23702

General Ins. Corp Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	14.15	16.81	17.54	106.74	17.93	15.72	-1.06	11.35	13.6	39.37
CEPS(Rs)	14.15	16.81	17.54	106.74	17.93	15.72	-1.06	11.35	13.6	39.37
DPS(Rs)	5.23	6.28	10	11.65	13.5	6.75	0	0	2.25	7.2
Book NAV/Share(Rs)	79.38	93.16	99.17	586.7	137.68	145.31	136.48	149.64	164.31	205.18
Core EBITDA Margin(%)	-8.27	-9.84	-8.54	-1.58	-3.84	-5.53	-15.27	-13.28	-11.6	-7.78
EBIT Margin(%)	17.74	21.48	20.42	15.57	9.37	10.39	-0.62	8.09	9.97	23.24
Pre Tax Margin(%)	17.74	21.48	20.42	15.57	9.37	10.39	-0.62	8.09	9.97	23.24
PAT Margin (%)	17.87	21.27	19.72	13.71	8.23	7.21	-0.42	4.98	6.03	19.2
Cash Profit Margin (%)	17.87	21.27	19.72	13.71	8.23	7.21	-0.42	4.98	6.03	19.2
ROA(%)	7.12	7.38	7.13	8.09	6.04	5.02	-0.39	4.32	4.2	10.83
ROE(%)	17.82	19.48	18.24	19.72	14.19	11.11	-0.75	7.94	8.66	21.31
ROCE(%)	17.69	19.68	18.89	22.38	16.15	16.01	-1.11	12.89	14.31	25.8
Receivable days	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	20.33	15.43	0	17.58	8.37	3.4
Price/Book(x)	0	0	0	0	2.65	1.67	0.77	1.33	0.69	0.65
Dividend Yield(%)	0	0	0	0	1.85	2.78	0	0	1.98	5.38
EV/Net Sales(x)	-0.58	-0.54	-0.61	-0.44	1.3	0.77	0.05	0.41	-0.04	-0.01
EV/Core EBITDA(x)	-4.89	-4.69	-5.64	-4.54	19.73	10.74	-2.95	12.75	-0.46	-0.04
Net Sales Growth(%)	0	-0.16	12.55	75	42.67	0.13	15.95	-9.85	-1.07	-9.06
EBIT Growth(%)	0	20.87	7.01	33.37	-14.09	10.98	-106.89	1281.71	21.83	112.1
PAT Growth(%)	0	18.82	4.36	21.71	-14.33	-12.33	-106.76	1168.12	19.82	189.46
EPS Growth(%)	0	18.82	4.36	508.53	-83.2	-12.33	-106.76	1168.12	19.82	189.46
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	0.59	0.6	0.64	0.66	0.67	0.62	0.62	0.55	0.53	0.53
Quick Ratio(x)	0.59	0.6	0.64	0.66	0.67	0.62	0.62	0.55	0.53	0.53
Interest Cover(x)	0	0	0	0	0	0	0	0	0	0
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0

General Ins. Corp Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	85.78	85.78	85.78	85.78	85.78	85.78	85.78	85.78	85.78	85.78
FII	0.53	0.45	0.47	0.46	0.53	0.67	0.77	0.86	0.95	0.86
DII	10.89	10.89	10.91	11.08	11.02	11.02	11.03	11.02	11.12	11.06
Public	2.79	2.87	2.84	2.68	2.67	2.53	2.41	2.33	2.15	2.29
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	150.5	150.5	150.5	150.5	150.5	150.5	150.5	150.5	150.5	150.5
FII	0.93	0.8	0.83	0.81	0.92	1.17	1.36	1.51	1.66	1.52
DII	19.11	19.11	19.13	19.43	19.33	19.33	19.35	19.34	19.5	19.4
Public	4.9	5.03	4.98	4.7	4.69	4.44	4.23	4.09	3.77	4.02
Others	0	0	0	0	0	0	0	0	0	0
Total	175.44	175.44	175.44	175.44	175.44	175.44	175.44	175.44	175.44	175.44

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.

* 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.