General Insurance Corporation of India (GICRE)
₹376.8▲0.25%
Analyst Rating
based on 4 analysts
50.00%
Buy
0.00%
Hold
50.00%
Sell
Based on 4 analysts offering long term price targets for General Insurance Corporation of India. An average target of ₹338.75
Source: S&P Global Market Intelligence
General Insurance Corporation of India Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹369.95₹385.8552 Week's Low
52 Week's High
₹194.5₹467.8
| Returns % | |
| 1 Month Return | -5.29 % |
| 3 Month Return | + 14.89 % |
| 1 Year Return | + 89.39 % |
| Market Stats | |
| Previous Close | ₹375.85 |
| Open | ₹370.00 |
| Volume | 11.18L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹65,939.12Cr |
Key Statistics
| P/E Ratio | 6.38 |
| PEG Ratio | 0.33 |
| Market Cap | ₹65,939.12 Cr |
| P/B Ratio | 0.59 |
| EPS | 37.49 |
Peer Comparison
Company Information
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: ₹376.80 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹65,939.12Cr as of today
Revenue: ₹10,385.58Cr as on March 2024 (Q1 24)
Net Profit: ₹2,554.13Cr as on March 2024 (Q1 24)
Listing date: 25 Oct, 2017
Chairperson Name: Devesh Srivastava
| Organisation | General Insurance Corporation of India |
| Headquarters | |
| Industry | Insurance |
| E-voting on shares | Click here to vote |
Key events for General Insurance Corporation of India
Analysts Expect Strong Premium Growth for General Insurance Companies - 08 Jul, 2024
General insurance companies are expected to see strong premium growth driven by motor, health, and commercial lines. Claims ratio is likely to improve due to claims control and fraud prevention measures resulting in an improvement in combined ratio. Profitability of general insurance companies is expected to see decent-to-robust growth.
GST Council Drops Tax Demand for General Insurance Sector - 26 Jun, 2024
The GST Council has dropped tax demands amounting to over Rs 18,000 crore at an industry level, providing significant relief to the general insurance sector in India. The move is expected to benefit companies such as General Insurance Corporation of India.
GST Council's Decision to Not Levy Tax on Co-Insurance Premium and Reinsurance Commission a Relief for General Insurance Companies - 24 Jun, 2024
The GST Council's decision to not levy tax on co-insurance premium and reinsurance commission retrospectively is expected to bring multifold benefits, significantly reducing ongoing litigation and compliance burdens while providing clarity and stability to the insurance industry. This move is seen as a big solace for the insurance and reinsurance industry.
Insurance Stocks Surge as Industry Data Shows Steady Growth in Premiums - 14 Jun, 2024
Shares of insurance companies, including General Insurance Corporation of India, rose up to 5% after May industry data showed a steady growth in premiums. The general insurance industry saw a 15% YoY rise in premiums while standalone health insurance premiums increased by 26% YoY.
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.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 0.86% to 1.05% in Jun 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 0.15% to 0.29% in Jun 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 1.43K Cr → 2.58K Cr (in ₹), with an average increase of 44.2% per quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, GICRE has outperformed top 5 stocks with highest market-cap in Insurance
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, GICRE has outperformed top 5 stocks with highest market-cap in Insurance
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 85.78% of holdings in Jun 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 7 days, GICRE stock has moved down by -7.6%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 3 quarters, 13.46K Cr → 10.38K Cr (in ₹), with an average decrease of 12.1% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 2.29% to 2.25% in Jun 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹10,385.58Cr | ↓8.51% |
Net Income | ₹2,554.13Cr | ↑83.45% |
Net Profit Margin | 24.59% | ↑100.57% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹46,638.29Cr | ↓4.76% |
Net Income | ₹6,577.16Cr | ↑199.13% |
Net Profit Margin | 14.10% | ↑214.03% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹1,57,124.61Cr | ↑8.45% |
Total Liabilities | ₹1,15,147.82Cr | ↑3.20% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹11,349.12Cr | ↑34.79% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 85.78% | 0.00 | |
| Foreign Institutions | 1.05% | 21.50 | |
| Mutual Funds | 0.29% | 97.59 | |
| Retail Investors | 2.25% | ||
| Others | 10.62% |
Key Indicators
General Insurance Corporation of India Valuation
General Insurance Corporation of India in the last 5 years
Lowest (-338.02x)
December 17, 2020
Today (6.38x)
July 23, 2024
Industry (27.28x)
July 23, 2024
Highest (69.20x)
October 30, 2019
Earnings and Dividends
General Insurance Corporation of India Earnings Results
General Insurance Corporation of India’s net profit fell -5.45% since last year same period to ₹2,580.42Cr in the Q4 2023-2024. On a quarterly growth basis, General Insurance Corporation of India has generated 79.34% jump in its net profits since last 3-months.
Read More about Earnings ResultsGeneral Insurance Corporation of India Dividends May,2023
In the quarter ending March 2023, General Insurance Corporation of India has declared dividend of ₹7.20 - translating a dividend yield of 2.51%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
General Insurance Corporation of India is currently in a Bearish trading position according to technical analysis indicators.
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General Insurance Corporation of India (GICRE) share price today is ₹376.8
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 ₹385.85.
- Today’s lowest price of General Insurance Corporation of India is ₹369.95.
PE Ratio of General Insurance Corporation of India is 6.38
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 11.18L.
Today’s market capitalisation of General Insurance Corporation of India(GICRE) is ₹65939.12Cr.
| General Insurance Corporation of India(GICRE | Price |
|---|---|
52 Week High | ₹467.8 |
52 Week Low | ₹194.5 |
General Insurance Corporation of India(GICRE) share price is ₹376.8. It is down -19.45% from its 52 Week High price of ₹467.8
General Insurance Corporation of India(GICRE) share price is ₹376.8. It is up 93.73% from its 52 Week Low price of ₹194.5
| General Insurance Corporation of India(GICRE | Returns |
|---|---|
1 Day Returns | 0.95% |
1 Month Returns | -5.29% |
3 Month Returns | 14.89% |
1 Year Returns | 89.39% |