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General Insurance Corporation of India share price logo

General Insurance Corporation of India

(GICRE)

₹414.050.31%

as on 04:01PM, 06 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

General Insurance Corporation of India Analyst Rating

based on 4 analysts

HOLD

25.00%

Buy

0.00%

Hold

75.00%

Sell

Based on 4 analysts offering long term price targets for General Insurance Corporation of India. An average target of ₹354.25

Source: S&P Global Market Intelligence

General Insurance Corporation of India Share analysis

General Insurance Corporation of India price forecast by 4 analysts

Downside of-14.44%

High

₹550

Target

₹354.25

Low

₹197

General Insurance Corporation of India target price ₹354.25, a slight downside of -14.44% compared to current price of ₹414.05. According to 4 analysts rating.

Source: S&P Global Market Intelligence

General Insurance Corporation of India Performance

  • Day's Low

    Day's High

    ₹411.6
    ₹419
  • 52 Week's Low

    52 Week's High

    ₹292.65
    ₹467.8
1 Month Return+ 10.27 %
3 Month Return+ 2.83 %
1 Year Return+ 33.2 %
Previous Close₹412.75
Open₹414.20
Volume7.53L
Upper Circuit-
Lower Circuit-
Market Cap₹72,412.86Cr

General Insurance Corporation of India Key Statistics

P/E Ratio6.4
PEG Ratio0.3
Market Cap₹72,412.86 Cr
P/B Ratio1.11
EPS37.1
Dividend Yield3.03
SectorInsurance
ROE13.83

General Insurance Corporation of India Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹72,412.86 Cr14.18%0.68₹6,508 Cr₹45,374 Cr
HOLD₹33,732.91 Cr11.21%0.69₹1,091 Cr₹43,675 Cr
BUY₹28,911.27 Cr-9.23%0.54NANA
HOLD₹92,577.66 Cr15.64%0.50₹64 Cr₹3,437 Cr
BUY₹1,43,477.82 Cr10.75%0.98NANA

About General Insurance Corporation of India

General Insurance Corporation of India (GIC Re) is one of the leading reinsurance companies in India, providing reinsurance services to a wide range of insurance companies. Incorporated in 1972, GIC Re is a wholly owned subsidiary of the Government of India and is headed by its Chairman and Managing Director, Alice Vaidyan.

GIC Re operates in four major lines of business: Life, Health, Property and Casualty, and Reinsurance. The company offers products and services such as motor, health, travel, fire, marine and engineering insurance, as well as crop, liability, credit and surety reinsurance. GIC Re also provides innovative products such as microinsurance, weather-based crop insurance, and cyber insurance.

GIC Re's top products include motor insurance, health insurance, crop insurance, and liability insurance. The company's popular brands include GIC Re, GIC Re Health Insurance, GIC Re Crop Insurance, and GIC Re Liability Insurance. GIC Re also offers a range of reinsurance services, including treaty and facultative reinsurance, and catastrophe and risk-management services.

Share Price: ₹414.05 per share as on 06 Dec, 2024 04:01 PM
Market Capitalisation: ₹72,412.86Cr as of today
Revenue: ₹12,284.71Cr as on September 2024 (Q3 24)
Net Profit: ₹1,864.91Cr as on September 2024 (Q3 24)
Listing date: 25 Oct, 2017
Chairperson Name: Devesh Srivastava
OrganisationGeneral Insurance Corporation of India
Headquarters
IndustryInsurance
E-voting on sharesClick here to vote

Key events for General Insurance Corporation of India

  • GIC Re Opens Applications for Assistant Manager Positions - 04 Dec, 2024

    The General Insurance Corporation of India (GIC Re) has begun applications for 110 Assistant Manager positions, targeting recent graduates and postgraduates. The application deadline is December 19, 2024, with a written test scheduled for January 5, 2025.
  • General Insurance Corporation Reports Mixed Financial Results - 20 Nov, 2024

    In September 2024, General Insurance Corporation reported net sales of Rs 12,330.38 crore, down 5.58% YoY. However, net profit rose 15.93% to Rs 1,860.76 crore, and EBITDA increased by 23.47%. EPS improved to Rs 16.51 from Rs 13.32. The stock closed at Rs 358.15 on November 14, 2024, with returns of 3.90% over six months and 36.15% over twelve months.
  • GIC Re Reports Strong Q2FY25 Financial Results - 12 Nov, 2024

    GIC Re's Q2FY25 results show a 16% increase in net profit to Rs 1,860.76 crore, aided by investment income growth and reduced underwriting losses. The solvency ratio improved to 342%.

Insights on General Insurance Corporation of India

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, GICRE has outperformed top 5 stocks with highest market-cap in Insurance

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 2.25% to 2.55% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, GICRE stock has moved up by 10.3%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 1.05% to 1.34% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 1.40K Cr → 1.85K Cr (in ₹), with an average increase of 24.5% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, GICRE has outperformed top 5 stocks with highest market-cap in Insurance

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.29% to 1.48% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 12.90K Cr → 12.28K Cr (in ₹), with an average decrease of 4.8% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 85.78% to 82.40% in Sep 2024 quarter

General Insurance Corporation of India Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹13,465.89Cr (-)₹11,352.14Cr (↓15.70%)₹10,385.58Cr (↓8.51%)₹12,903.54Cr (↑24.24%)₹12,284.71Cr (↓4.80%)
Net Income₹1,611.71Cr (-)₹1,392.24Cr (↓13.62%)₹2,554.13Cr (↑83.45%)₹1,121.76Cr (↓56.08%)₹1,864.91Cr (↑66.25%)
Net Profit Margin11.97% (-)12.26% (↑2.42%)24.59% (↑100.57%)8.69% (↓64.66%)15.18% (↑74.68%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,34,661.22Cr (-)₹1,44,887.38Cr (↑7.59%)₹1,57,124.61Cr (↑8.45%)₹1,78,285.82Cr (↑13.47%)
Total Liabilities₹1,04,457.72Cr (-)₹1,11,574.11Cr (↑6.81%)₹1,15,147.82Cr (↑3.20%)₹1,26,290.71Cr (↑9.68%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹8,224.59Cr (-)₹12,823.66Cr (↑55.92%)₹8,419.89Cr (↓34.34%)₹11,349.12Cr (↑34.79%)₹10,743.79Cr (↓5.33%)

Index Inclusions

S&P BSE Fin. Ser

₹11,941.33

0.09 (10.87%)

Nifty MidSmallcap 400

₹20,529.00

0.46 (93.05%)

S&P BSE 400 MidSmallCap

₹12,535.10

0.41 (51.67%)

S&P BSE Enhanced Value

₹951.87

0.44 (4.15%)

Nifty LargeMidcap 250

₹16,280.10

0.22 (35.35%)

S&P BSE 250 LargeMidCap

₹10,831.91

0.13 (14.52%)

BSE 500

₹36,681.01

0.17 (61.77%)

S&P BSE PSU

₹20,460.84

0.5 (101.06%)

BSE Mid-Cap

₹47,669.72

0.36 (169.21%)

Nifty Midcap 150

₹21,665.40

0.41 (87.75%)

Nifty 500

₹23,312.10

0.15 (34.15%)

S&P BSE CPSE

₹3,982.89

0.49 (19.42%)

BSE 200

₹11,413.25

0.13 (15.23%)

S&P BSE 150 MidCap

₹16,396.06

0.38 (62.14%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

General Insurance Corporation of India Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
82.4%
-3.95
Foreign Institutions
1.34%
27.51
Mutual Funds
1.48%
400.75
Retail Investors
2.55%
13.22
Others
12.24%
15.25

General Insurance Corporation of India Key Indicators

Details20202021202220232024
Return On Equity %-1.598.357.9918.5413.83
Details20202021202220232024
Return On Assets %-0.161.481.654.43.75
Details20202021202220232024
Book Value Per Share (₹)136.48176.61196.5257.55314.96
Details20202021202220232024
Earning Per Share (₹)-1.5910.412.5337.4937.1

General Insurance Corporation of India Valuation

General Insurance Corporation of India in the last 5 years

  • Overview

  • Trends

Lowest (-338.02x)

December 17, 2020

Today (6.40x)

December 6, 2024

Industry (23.17x)

December 6, 2024

Highest (69.20x)

October 30, 2019

LowHigh

General Insurance Corporation of India Earnings and Dividends

  • General Insurance Corporation of India Earnings Results

    General Insurance Corporation of India’s net profit jumped 9.87% since last year same period to ₹1,855.71Cr in the Q2 2024-2025. On a quarterly growth basis, General Insurance Corporation of India has generated 32.49% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • General Insurance Corporation of India Dividends May,2024

    In the quarter ending March 2024, General Insurance Corporation of India has declared dividend of ₹10 - translating a dividend yield of 2.42%.

    Read More about Dividends

General Insurance Corporation of India Technicals Summary

Bearish

Neutral

Bullish

Bullish

General Insurance Corporation of India is currently in a Bullish trading position according to technical analysis indicators.

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General Insurance Corporation of India (GICRE) share price today is ₹414.05

General Insurance Corporation of India is listed on NSE

General Insurance Corporation of India is listed on BSE

  • Today’s highest price of General Insurance Corporation of India is ₹419.
  • Today’s lowest price of General Insurance Corporation of India is ₹411.6.

PE Ratio of General Insurance Corporation of India is 6.4

PE ratio = General Insurance Corporation of India Market price per share / General Insurance Corporation of India Earnings per share

Today’s traded volume of General Insurance Corporation of India(GICRE) is 7.53L.

Today’s market capitalisation of General Insurance Corporation of India(GICRE) is ₹72412.86Cr.

General Insurance Corporation of India(GICREPrice
52 Week High
₹467.8
52 Week Low
₹292.65

General Insurance Corporation of India(GICRE) share price is ₹414.05. It is down -11.49% from its 52 Week High price of ₹467.8

General Insurance Corporation of India(GICRE) share price is ₹414.05. It is up 41.48% from its 52 Week Low price of ₹292.65

General Insurance Corporation of India(GICREReturns
1 Day Returns
1.3%
1 Month Returns
10.27%
3 Month Returns
2.83%
1 Year Returns
33.2%