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General Insurance Corporation of India

GICRE

General Insurance Corporation of India

GICRE
FinancialsInsurance
MidcapWith a market cap of ₹69,307 cr, stock is ranked 144
High RiskStock is 4.05x as volatile as Nifty
393.100.49% (-1.95)
393.100.49% (-1.95)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
FinancialsInsurance
MidcapWith a market cap of ₹69,307 cr, stock is ranked 144
High RiskStock is 4.05x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

Avg

Can be considered moderately valued vs the market

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

FinancialsInsurance
MidcapWith a market cap of ₹69,307 cr, stock is ranked 144
High RiskStock is 4.05x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
9.751.25
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
18.562.580.76%

Forecast & Ratings

Detailed Forecast 
50%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

General Insurance Corporation of India is a reinsurance company.Its domestic business provides reinsurance to direct general insurance companies in Indian and international reinsurance business provides the same to several international companies.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 0.65%, vs industry avg of 11.59%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 5.3% to 3.15%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 19.38%, vs industry avg of 34.31%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue19,883.4631,349.1443,550.8545,073.2752,098.4548,594.3749,584.5947,750.4646,556.8548,107.15
Raw Materialssubtract39,845.69
Power & Fuel Costsubtract
Employee Costsubtract90.24100.72107.90123.78207.43155.53224.32239.99223.17
Selling & Administrative Expensessubtract16,598.2927,048.7039,522.2840,155.5450,790.8444,996.5943,642.8838,901.9938,037.47
Operating & Other expensessubtract164.07419.26281.63925.191,447.09357.981,948.99567.61359.44
Depreciation/Amortizationsubtract9.459.957.8014.4318.7514.9513.759.6911.86
Interest & Other Itemssubtract
Taxes & Other Itemssubtract197.9998.39484.011,096.77-179.221,077.731,368.371,123.871,239.041,152.59
EPS1.642.133.3215.72-1.0611.3513.6039.3738.1140.52
DPS0.631.176.756.750.000.002.257.207.20
Payout ratio0.380.552.030.430.000.000.170.180.000.18

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Apr 7PDF
Nov 18PDF
FY 2022

Annual report

PDF

Investor Presentation

May 30PDF
Feb 11PDF
Nov 11PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

Feb 10PDF
Nov 10PDF
Aug 17PDF
 

Peers & Comparison

Comparing 3 stocks from 
FinancialsInsurance

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
General Insurance Corporation of India10.371.25
Life Insurance Corporation Of India15.757.770.98%
Bajaj Finserv Ltd36.932.900.05%
SBI Life Insurance Company Ltd97.4812.380.15%

Price Comparison

Compare GICRE with any stock or ETF
Compare GICRE with any stock or ETF
GICRE
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding85.78%0.29%10.62%1.05%2.25%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun0.67%0.77%0.86%0.95%0.86%1.05%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding General Insurance Corporation of India




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI PSU FUND DIRECT PL GROWTH

Growth
0.1770%2.53%-0.55%18/30 (-8)
Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan

Growth
0.0339%1.28%0.25%21/35 (+3)
Bank of India ELSS Tax Saver - Growth - Direct Plan

Growth
0.0212%0.99%0.03%53/65 (+4)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 11, 2024

Final
Final | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Sep 11, 2024

Cash Dividend

Ex DateEx DateSep 8, 2023

Final
Final | Div/Share: ₹7.20

Dividend/Share

7.20

Ex DateEx Date

Sep 8, 2023

Cash Dividend

Ex DateEx DateJun 7, 2022

Interim
Interim | Div/Share: ₹2.25

Dividend/Share

2.25

Ex DateEx Date

Jun 7, 2022

Cash Dividend

Ex DateEx DateJul 19, 2019

Final
Final | Div/Share: ₹6.75

Dividend/Share

6.75

Ex DateEx Date

Jul 19, 2019

Cash Dividend

Ex DateEx DateJul 12, 2018

Final
Final | Div/Share: ₹13.50

Dividend/Share

13.50

Ex DateEx Date

Jul 12, 2018

News & Opinions
Corporate
General Insurance Corporation of India schedules AGM

General Insurance Corporation of India announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
General Insurance Corp declines for fourth consecutive session

The stock has lost 8.69% in four sessions, from its recent closing high of Rs 421.80 recorded on 02 September 2024. On 03 September 2024, the President of India had announced its proposal to sell 3.39% stake in the company through an offer for sale (OFS) on 04th and 05th September 2024. Through the OFS, the Government of India proposes to sell 5,95,12,000 shares, representing a 3.39% stake, with an option to sell an additional 3.39% stake or 5,95,12,000 equity shares in case of oversubscription. On 04 September 2024, the promoter informed the bourses about its intention to exercise the oversubscription option in the offer to the extent of 50,49,872 equity shares (representing 0.288% of the total issued and paid-up equity share capital of the company). Accordingly, the total offer size was 6,45,61,872 equity shares (representing 3.68% of the total issued and paid-up equity share capital of the company). The floor price of the offer had been set at Rs 395 apiece, a 6.23% discount to the stock's closing price of Rs 421.25 recorded on 03 September 2024. The Government of India held 85.78% stake in General Insurance Corporation of India as of 30 September 2024. A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors. The OFS opened on 04 September 2024, which was the T-day, where only non-retail investors can bid for the shares. On 05 September 2024, which was the T+1 day, the OFS was accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T-day. On T-day, the OFS received subscription for 5,81,05,684 shares. It was subscribed 108.49%. On T+1 day, the OFS received subscription for 13,45,323 shares. It was subscribed 22.61%. General Insurance Corporation of India is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
General Insurance Corp slumps as OFS begins; govt proposes to sell upto 11.9 crore shares

General Insurance Corporation of India tumbled 5.59% to end at Rs 397.70 after the President of India announced its proposal to sell 3.39% stake in the company through an offer for sale (OFS) on 04th and 05th September 2024. Through the OFS, the Government of India proposes to sell 5,95,12,000 shares, representing a 3.39% stake, with an option to sell an additional 3.39% stake or 5,95,12,000 equity shares in case of oversubscription. The floor price of the offer has been set at Rs 395 apiece, a 6.23% discount to the stock's closing price of Rs 421.25 recorded on Wednesday, 03 September 2024. The Government of India held 85.78% stake in General Insurance Corporation of India as of 30 September 2024. A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors. The OFS opened on 04 September 2024, which is the T-day, where only non-retail investors can bid for the shares. On 05 September 2024, which is the T+1 day, the OFS will be accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T day. On Day 1 (T-day), as of 15:30 IST, the OFS received subscription for 5,81,05,684 shares. It was subscribed 108.49% on the base non-retail offer size of 5,35,60,800 shares. General Insurance Corporation of India is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
General Insurance Corporation of India leads losers in 'A' group

Thomas Cook (India) Ltd, Oil India Ltd, Ahluwalia Contracts (India) Ltd and KSB Ltd are among the other losers in the BSE's 'A' group today, 04 September 2024.General Insurance Corporation of India lost 5.28% to Rs 399 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.21 lakh shares were traded on the counter so far as against the average daily volumes of 92748 shares in the past one month.Thomas Cook (India) Ltd crashed 4.99% to Rs 208.55. The stock was the second biggest loser in 'A' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 69187 shares in the past one month.Oil India Ltd tumbled 4.90% to Rs 693.95. The stock was the third biggest loser in 'A' group.On the BSE, 1.68 lakh shares were traded on the counter so far as against the average daily volumes of 5.5 lakh shares in the past one month.Ahluwalia Contracts (India) Ltd pared 4.27% to Rs 1169.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 5072 shares were traded on the counter so far as against the average daily volumes of 23594 shares in the past one month.KSB Ltd slipped 4.00% to Rs 889.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 7320 shares were traded on the counter so far as against the average daily volumes of 5084 shares in the past one month.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
GICRE fixes record date for dividend

General Insurance Corporation of India has fixed 11 September 2024 as record date for payment of dividend of Rs 10 per equity share for FY 2024. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
General Insurance Corporation of India consolidated net profit rises 43.27% in the June 2024 quarter

Net profit of General Insurance Corporation of India rose 43.27% to Rs 1400.66 crore in the quarter ended June 2024 as against Rs 977.66 crore during the previous quarter ended June 2023. Sales rose 16.11% to Rs 10097.61 crore in the quarter ended June 2024 as against Rs 8696.42 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales10097.618696.42 16 OPM %14.5911.11 - PBDT1490.131153.58 29 PBT1490.131153.58 29 NP1400.66977.66 43 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
General Insurance Corporation of India schedules board meeting

General Insurance Corporation of India will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

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