General Insurance Corporation of India

•

gicre.inBSE: 540755NSE: GICRE

Market Cap₹ 61,325 Cr.

Current Price

High / Low₹ 418 / 341

Stock P/E7.2

Book Value₹ 318

Price to Book1.18

Dividend Yield3.79 %

ROCE21.9 %

ROE17.0 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 34.3% CAGR over last 5 years
Institutional investors have been accumulating - FII+DII up 4.8pp
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Offers a healthy dividend yield of 3.8%
Stock looks reasonably valued - P/E of 7.2 is below its historical median

CONS

Company is loss-making at the operating / net level
Promoter holding has decreased over last 2 years: -8.4pp
Operating margins have contracted to -6.8% from 14.5%
Effective tax rate is unusually low at 0.0% - earnings may be flattered
Growth is decelerating - 3Y profit CAGR (10.0%) trails the 5Y trend (34.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesInsuranceInsurance

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT BSE Enhanced Value Index

S.No.	Name
1.	LICI	403.70	8.50	510680.31	2.48	135866.90	23.98	1276231.60	6.69	37.75	-76.97
2.	SBILIFE	1695.00	65.39	170067.75	0.16	7249.30	21.97	200782.10	16.88	14.15	-127.01
3.	HDFCLIFE	530.00	58.30	115147.22	0.40	611.19	11.46	16727.63	15.05	10.01	-98.79
4.	ICICIGI	1459.00	30.02	72892.05	0.93	4031.70	439.66	59500.40	1058.48	23.62	-10.35
5.	ICICIPRULI	471.25	40.60	68388.76	0.35	623.91	61.94	19180.08	17.17	11.82	79.46
6.	GICRE	349.55	6.91	61325.05	3.79	1743.67	-31.10	11097.77	-1.56	22.43	-10.45
7.	STARHEALTH	562.20	39.20	33092.42	0.00	549.73	109.40	4917.20	24.86	9.70	2.89
8.	NIACL	198.15	42.45	32655.12	0.76	-2391.50	-695.39	97472.80	934.31	5.44	-24.14
9.	GODIGIT	255.85	48.07	23669.82	0.00	86.39	-37.55	2006.96	7.61	13.56	-15.23
10.	NIVABUPA	79.97	41.09	14791.61	0.00	137.80	250.70	2273.72	86.37	3.75	-0.22
11.	CANHLIFE	151.95	109.92	14435.25	0.26	281.40	1101.54	20475.20	1138.35	8.35	-112.52

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	8,633	9,958	7,758	7,227	10,064	8,847	8,540	8,680	11,088	8,925	9,580	9,785	11,081
	10,329	11,582	9,396	7,146	11,448	9,965	9,264	9,808	12,210	9,812	10,532	10,522	12,032
Operating Profit	-1,697	-1,623	-1,638	81	-1,384	-1,118	-724	-1,127	-1,122	-887	-952	-737	-951
OPM %	-19.66%	-16.30%	-21.11%	1.12%	-13.76%	-12.64%	-8.48%	-12.99%	-10.12%	-9.94%	-9.94%	-7.53%	-8.58%
	2,632	3,471	3,562	3,090	2,778	3,399	2,893	4,050	3,365	4,360	3,069	3,697	3,441
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	935	1,848	1,924	3,171	1,393	2,281	2,169	2,923	2,244	3,473	2,117	2,960	2,490
Tax %	21.75%	13.13%	21.10%	16.68%	25.61%	18.43%	25.24%	25.31%	21.90%	17.45%	28.25%	23.84%	22.82%
Net Profit	732	1,605	1,518	2,642	1,036	1,861	1,621	2,183	1,752	2,867	1,519	2,254	1,922
	4.17	13.32	8.65	15.06	5.91	10.61	9.24	12.44	9.99	16.34	8.66	12.85	10.96

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	0	0	0	39,372
	0	0	0	0	0	0	0	0	0	0	42,899
Operating Profit	0	0	0	0	0	0	0	0	0	0	-3,527
OPM %	—	—	—	—	—	—	—	—	—	—	-8.96%
	17	11	91	121	0	121	428	357	185	493	14,567
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	3,624	3,668	3,434	-446	3,163	3,560	7,749	7,878	8,766	10,793	11,040
Tax %	13.69%	11.85%	35.22%	19.48%	39.29%	43.66%	18.54%	17.53%	23.55%	22.25%	22.45%
Net Profit	3,128	3,234	2,224	-359	1,920	2,006	6,312	6,497	6,701	8,392	8,562
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.03	38.20	47.84	—
Dividend Payout %	32.03%	36.62%	53.24%	0.00%	0.00%	19.68%	20.01%	27.00%	26.18%	27.70%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: 34%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 19%
3 Years:: 19%
1 Year:: -6%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 16%
3 Years:: 17%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	430	439	877	877	877	877	877	877	877	877
	18,016	22,036	22,484	21,046	23,171	25,255	31,991	37,805	43,927	52,861
	-18,446	-22,475	-23,361	-21,923	-24,049	-26,132	31,394	43,748	40,118	32,728
Total Liabilities	0	0	0	0	0	0	64,262	82,430	84,922	86,467
	164	171	197	181	169	170	294	287	288	285
Capital Work in Progress	0	0	0	0	0	0	0	0	8	12
Cash & Bank	12,191	14,172	12,848	15,854	18,294	21,083	23,284	24,389	24,638	27,791
	-12,354	-14,343	-13,045	-16,035	-18,463	-21,253	40,684	57,754	59,989	58,378
Total Assets	0	0	0	0	0	0	64,262	82,430	84,922	86,467

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	8,097	9,063	8,350	8,858	13,883	9,881	13,146	-448	-770	-653
Cash from Investing	-4,271	-5,399	-7,213	-4,335	-10,119	-6,153	-9,595	1,807	1,508	-587
Cash from Financing	-1,035	-1,206	-1,428	-1,428	0	0	-395	-1,263	-1,754	-1,754
	2,476	2,057	-1,624	2,462	2,705	2,267	1,360	96	-1,017	-2,995

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	85.78	82.40	82.40	82.40	82.40	82.40	82.40	82.40	77.40
	1.05	1.34	1.80	1.93	2.12	2.12	2.12	2.05	2.43
	10.91	13.72	13.70	13.68	13.29	13.10	13.32	13.55	17.73
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	2.25	2.55	2.10	2.00	2.20	2.39	2.16	2.00	2.44

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Copy of Newspaper Publication

2026-09-01 - General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Shareholders meeting

2026-08-31 - General Insurance Corporation of India has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-31

Copy of Newspaper Publication

2026-08-31 - General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - General Insurance Corporation of India has informed the Exchange about Transcript

2026-08-19

Updates

2026-08-19 - General Insurance Corporation of India has informed the Exchange regarding 'Corrigendum Investor Presentation Q1 FY 2027 Financial Results Presentation '.

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - General Insurance Corporation of India has informed the Exchange about Link of Recording

2026-08-15

General Updates

2026-08-15 - General Insurance Corporation of India has informed the Exchange about General Updates

2026-08-15

Investor Presentation

2026-08-15 - General Insurance Corporation of India has informed the Exchange about Investor Presentation

2026-08-14

Change in Director(s)

2026-08-14 - General Insurance Corporation of India has informed the Exchange regarding Change in Director(s) of the company.

News

Recent coverage and analyst commentary for GICRE

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General Insurance Corporation of India

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Free 5nance Account

Name

LICI

403.70

8.50

510680.31

2.48

135866.90

23.98

1276231.60

6.69

37.75

-76.97

SBILIFE

1695.00

65.39

170067.75

0.16

7249.30

21.97

200782.10

16.88

14.15

-127.01

HDFCLIFE

530.00

58.30

115147.22

0.40

611.19

11.46

16727.63

15.05

10.01

-98.79

ICICIGI

1459.00

30.02

72892.05

0.93

4031.70

439.66

59500.40

1058.48

23.62

-10.35

ICICIPRULI

471.25

40.60

68388.76

0.35

623.91

61.94

19180.08

17.17

11.82

79.46

GICRE

349.55

6.91

61325.05

3.79

1743.67

-31.10

11097.77

-1.56

22.43

-10.45

STARHEALTH

562.20

39.20

33092.42

0.00

549.73

109.40

4917.20

24.86

9.70

2.89

NIACL

198.15

42.45

32655.12

0.76

-2391.50

-695.39

97472.80

934.31

5.44

-24.14

GODIGIT

255.85

48.07

23669.82

0.00

86.39

-37.55

2006.96

7.61

13.56

-15.23

NIVABUPA

79.97

41.09

14791.61

0.00

137.80

250.70

2273.72

86.37

3.75

-0.22

CANHLIFE

151.95

109.92

14435.25

0.26

281.40

1101.54

20475.20

1138.35

8.35

-112.52

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

8,633

9,958

7,758

7,227

10,064

8,847

8,540

8,680

11,088

8,925

9,580

9,785

11,081

10,329

11,582

9,396

7,146

11,448

9,965

9,264

9,808

12,210

9,812

10,532

10,522

12,032

Operating Profit

-1,697

-1,623

-1,638

-1,384

-1,118

-724

-1,127

-1,122

-887

-952

-737

-951

OPM %

-19.66%

-16.30%

-21.11%

1.12%

-13.76%

-12.64%

-8.48%

-12.99%

-10.12%

-9.94%

-7.53%

-8.58%

2,632

3,471

3,562

3,090

2,778

3,399

2,893

4,050

3,365

4,360

3,069

3,697

3,441

Interest

Depreciation

Profit before Tax

935

1,848

1,924

3,171

1,393

2,281

2,169

2,923

2,244

3,473

2,117

2,960

2,490

Tax %

21.75%

13.13%

21.10%

16.68%

25.61%

18.43%

25.24%

25.31%

21.90%

17.45%

28.25%

23.84%

22.82%

Net Profit

732

1,605

1,518

2,642

1,036

1,861

1,621

2,183

1,752

2,867

1,519

2,254

1,922

4.17

13.32

8.65

15.06

5.91

10.61

9.24

12.44

9.99

16.34

8.66

12.85

10.96

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

39,372

42,899

Operating Profit

-3,527

OPM %

—

-8.96%

121

428

357

185

493

14,567

Interest

Depreciation

Profit before Tax

3,624

3,668

3,434

-446

3,163

3,560

7,749

7,878

8,766

10,793

11,040

Tax %

13.69%

11.85%

35.22%

19.48%

39.29%

43.66%

18.54%

17.53%

23.55%

22.25%

22.45%

Net Profit

3,128

3,234

2,224

-359

1,920

2,006

6,312

6,497

6,701

8,392

8,562

EPS

0.00

37.03

38.20

47.84

—

Dividend Payout %

32.03%

36.62%

53.24%

0.00%

19.68%

20.01%

27.00%

26.18%

27.70%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

430

439

877

18,016

22,036

22,484

21,046

23,171

25,255

31,991

37,805

43,927

52,861

-18,446

-22,475

-23,361

-21,923

-24,049

-26,132

31,394

43,748

40,118

32,728

Total Liabilities

64,262

82,430

84,922

86,467

164

171

197

181

169

170

294

287

288

285

Capital Work in Progress

Cash & Bank

12,191

14,172

12,848

15,854

18,294

21,083

23,284

24,389

24,638

27,791

-12,354

-14,343

-13,045

-16,035

-18,463

-21,253

40,684

57,754

59,989

58,378

Total Assets

64,262

82,430

84,922

86,467

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

8,097

9,063

8,350

8,858

13,883

9,881

13,146

-448

-770

-653

Cash from Investing

-4,271

-5,399

-7,213

-4,335

-10,119

-6,153

-9,595

1,807

1,508

-587

Cash from Financing

-1,035

-1,206

-1,428

-395

-1,263

-1,754

2,476

2,057

-1,624

2,462

2,705

2,267

1,360

-1,017

-2,995

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

85.78

82.40

77.40

1.05

1.34

1.80

1.93

2.12

2.05

2.43

10.91

13.72

13.70

13.68

13.29

13.10

13.32

13.55

17.73

Government

0.00

Public

2.25

2.55

2.10

2.00

2.20

2.39

2.16

2.00

2.44

General Insurance Corporation of India

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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General Insurance Corporation of India

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI