MarketFriction

General Insurance Corporation of India

NSE GICRE · BSE 540755 · General Insurance
₹323.90 -2.19%
NSE close2026-10-01
52 week range319.00 - 417.95
Market cap₹56,185 Cr.
P/E6.33
IPO 2017 · -29% since Nifty 500Midcap 150 Price band 20% Delivery 49.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales13,07511,14810,25412,88612,37811,14413,20914,62312,75512,58913,01814,401
Expenses11,6119,5237,29011,4139,9989,21510,21012,0189,99310,22310,55612,380
Operating Profit1,4651,6252,9641,4732,3801,9292,9982,6052,7622,3662,4632,021
OPM %11%15%29%11%19%17%23%18%22%19%19%14%
Other Income39119513117-9325514659553135645171
Interest000000000000
Depreciation000000000000
Profit before tax1,8551,8203,0961,4902,2872,1843,1442,6643,3152,5013,1082,192
Tax %13%24%18%25%18%26%25%18%19%24%23%26%
Net Profit1,6891,4392,5801,4011,8561,6772,4992,5312,8741,7262,5331,744
EPS in Rs9.638.2014.717.9810.589.5614.2414.4216.389.8414.449.94
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales15,33826,77638,19844,92850,34548,58348,96746,63845,97849,61752,98652,763
Expenses16,85127,56139,90041,20452,44545,51045,81639,70938,50640,82242,92343,152
Operating Profit-1,512-786-1,7023,724-2,1003,0733,1516,9297,4728,79510,0629,611
OPM %-10%-2.9%-4.5%8%-4.2%6%6%15%16%18%19%18%
Other Income4,5454,5735,3511451,754116181,1124653241,3911,504
Interest2712000011000
Depreciation91081419151410121560
Profit before tax3,0213,7703,6303,854-3663,0693,7558,0317,9259,10511,44711,115
Tax %11%13%12%32%-24%41%41%18%18%23%21%
Net Profit2,8233,6723,1462,758-1861,9922,3866,9076,6867,4329,6628,875
EPS in Rs3.284.2717.9315.72-1.0611.3513.6039.3738.1142.3655.0850.60
Dividend Payout %19%27%38%43%0%0%17%18%26%24%24%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%2%4%3%
Compounded Profit Growth20%37%12%4%
Stock Price CAGR%17%12%-13%
Return on Equity11%13%13%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital430430430439877877877877877877877877
Reserves43,74241,44519,75323,71624,61523,06731,58635,13144,30854,37960,62269,604
Borrowings000000000000
Other Liabilities30,74534,22877,13188,32996,71696,637107,801115,833117,546129,196133,268135,247
Total Liabilities74,91676,10397,314112,484122,209120,581140,265151,841162,731184,452194,768205,728
Fixed Assets181214192200225209200200324318327332
CWIP0000000000812
Investments56,75855,68666,48173,79182,04570,91893,990104,677114,738135,763143,280148,373
Other Assets17,97820,20330,64138,49339,93849,45546,07546,96347,66948,37251,15357,011
Total Assets74,91676,10397,314112,484122,209120,581140,265151,841162,731184,452194,768205,728
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2,6356,0137,9018,8377,6048,61713,2849,05111,722-2121,976466
Cash from Investing Activity-2,763-3,332-4,414-5,605-7,501-4,016-10,802-6,188-9,0761,749-2751,281
Cash from Financing Activity-387-650-1,035-1,206-1,428-1,42800-395-1,263-1,754-1,754
Net Cash Flow-5152,0302,4522,026-1,3243,1742,4822,8632,251274-53-7
Free Cash Flow2,6015,9707,8988,8217,5648,61413,2789,03611,589-2171,952453
CFO/OP-145%-402%-1,046%-543%240%-440%467%334%195%22%48%30%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days-720-740-396-336-321-353-447-496-564-604-595-595
ROCE %3%3%7%7%13%-1%11%11%20%13%16%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters85.78%85.78%85.78%85.78%82.40%82.40%82.40%82.40%82.40%82.40%82.40%77.40%
FIIs0.86%0.95%0.87%1.05%1.34%1.80%1.93%2.12%2.12%2.12%2.05%2.43%
DIIs11.02%11.11%11.06%10.91%13.72%13.70%13.68%13.29%13.10%13.32%13.55%17.73%
Public2.34%2.15%2.30%2.25%2.56%2.10%2.00%2.19%2.40%2.16%2.00%2.45%
No. of Shareholders2,26,8702,22,6062,42,3142,43,1272,52,3022,32,0572,26,1622,26,7652,30,6832,24,5592,17,4942,24,351

Fundamentals

Market Cap₹ 56,185 Cr.
Current Price₹ 320
Stock P/E6.33
Book Value₹ 422
ROCE17.4 %
ROE14.6 %
Dividend Yield4.14 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)4%
Consolidated figures.
Valuation
Market capRs 56,825 Cr
Enterprise valueRs 28,336 Cr
P/E (TTM)6.40x
Price to book0.81x
Price to sales1.08x
EV / EBITDA2.55x
EV / EBIT2.55x
EV / sales0.54x
Price to cash flow121.83x
Earnings yield15.62%
Dividend yield4.09%
P/E, 3-year average8.39x
P/B, 3-year average1.05x
P/E, 5-year average7.39x
P/B, 5-year average0.85x
Profitability
Operating margin (excl. other income)18.99%
Operating margin (incl. other income)21.62%
EBITDA margin21.08%
Pre-tax margin21.07%
Net profit margin16.82%
Net margin, latest quarter12.11%
ROE14.64%
ROCE17.35%
ROA4.83%
ROE, 3-year average13.56%
ROCE, 3-year average16.24%
ROA, 3-year average4.20%
ROE, 5-year average12.93%
ROCE, 5-year average15.90%
ROA, 5-year average3.72%
ROIC (approx.)20.81%
Tax rate21.37%
Other income / net worth1.97%
Growth
Sales growth (latest year)6.79%
Profit growth (latest year)30.01%
Sales CAGR, 3 years4.34%
Sales CAGR, 5 years1.75%
Profit CAGR, 3 years11.84%
Profit CAGR, 5 years37.14%
Sales growth QoQ10.62%
Profit growth QoQ-31.15%
Sales growth YoY (latest quarter)-1.52%
Profit growth YoY (latest quarter)-31.10%
Per share
EPS (TTM)Rs 50.59
EPS (latest year)Rs 55.08
EPS (latest quarter)Rs 9.94
EPS, 3-year averageRs 45.18
EPS, 5-year averageRs 37.70
Book value per shareRs 401.74
Sales per shareRs 300.75
Cash flow per shareRs 2.66
Free cash flow per shareRs 2.58
Dividend per share (latest year)Rs 13.25
Dividend per share, 3-year averageRs 11.08
Dividend per share, 5-year averageRs 8.54
Dividends
Dividend payout24.06%
Dividend payout, 3-year average24.64%
Dividend payout, 5-year average21.75%
Efficiency
Asset turnover0.26x
Fixed asset turnover159.69x
Cash conversion cycle0 days
Working capital days-595 days
Leverage
Cash and bankRs 28,489 Cr
Net debtRs -28,489 Cr
Net debt / EBITDA-2.56x
Owners' fund to total sources34.26%
Cash flow
Cash from Operating Activity (latest year)Rs 466 Cr
Cash from Investing Activity (latest year)Rs 1,281 Cr
Cash from Financing Activity (latest year)Rs -1,754 Cr
Net Cash Flow (latest year)Rs -7 Cr
Free cash flow (latest year)Rs 453 Cr
Cash from ops / profit, 5 years0.70x
Sales to cash flow113.60x
Statement figures
Net sales (TTM)Rs 52,763 Cr
Net sales (latest year)Rs 52,986 Cr
Sales (latest quarter)Rs 14,401 Cr
Operating profit excl. other income (latest year)Rs 10,062 Cr
Operating profit (latest quarter)Rs 2,021 Cr
Other income (TTM)Rs 1,504 Cr
EBITDA (TTM)Rs 11,121 Cr
PBDT (TTM)Rs 11,121 Cr
Profit before tax (TTM)Rs 11,115 Cr
Tax (latest year)Rs 2,446 Cr
Net profit (TTM)Rs 8,875 Cr
Net profit (latest year)Rs 9,662 Cr
Net profit (latest quarter)Rs 1,744 Cr
Depreciation (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 42,203 Cr
Total expenditure (latest year)Rs 42,923 Cr
Total income (latest year)Rs 54,376 Cr
Share capitalRs 877 Cr
ReservesRs 69,604 Cr
Shareholders' fundsRs 70,481 Cr
Total assetsRs 205,728 Cr
Net blockRs 332 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 148,373 Cr
Other liabilitiesRs 135,247 Cr
Shares outstanding (crore)175.44
Ownership
Promoter holding77.40% (-5.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.4 is at the 5th percentile of its own 8.1-year range (median 10.5, low 4.6, high 20.6).
P/B 0.81 is at the 20th percentile (median 1.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGICRENifty 50Difference
1 week-4.5%-2.8% -1.7 pts
1 month-8.7%-6.8% -1.9 pts
3 months-10.3%-7.6% -2.6 pts
6 months-10.8%+0.4% -11.2 pts
1 year-10.1%-9.9% -0.1 pts
2 years-18.6%-13.6% -5.0 pts
3 years+43.7%+14.2% +29.5 pts
5 years+124.6%+27.9% +96.7 pts
77 mutual fund schemes hold about ₹2,355 Cr. Over three months 46 bought more and 13 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Multi Asset Allocation Fund0.49%431 +5%
ICICI Pru Aggressive Hybrid Fund(A0.73%385 +4%
Bandhan Large & Mid Cap Fund1.78%374 +21%
ICICI Pru Value Fund0.48%290 +9%
Bandhan Small Cap Fund0.72%246 -9%
SBI PSU Fund2.20%147 +8%
UTI Large & Mid Cap Fund1.49%97 +15%
UTI Aggressive Hybrid Fund0.84%57 +19%
ICICI Pru Large & Mid Cap Fund0.14%46 -13%
ICICI Pru PSU Equity Fund2.23%41 +11%
UTI Multi Cap Fund1.71%37 +2%
ICICI Pru Banking & Fin Serv Fund0.29%33 +6%
ICICI Pru Banking & Fin Serv Fund0.29%33 +6%
Mirae Asset Banking and Financial Services Fund0.89%21 +6%
Motilal Oswal BSE Enhanced Value Index Fund0.81%18 +10%
UTI Retirement Fund0.35%17 +22%
Motilal Oswal Nifty Midcap 150 Index Fund0.33%14 +4%
UTI Banking and Financial Services Fund0.86%12 +7%
Nippon India Nifty Midcap 150 Index Fund0.33%9 +3%
Bandhan Business Cycle Fund0.48%5 -47%
ICICI Pru Nifty Midcap 150 Index Fund0.33%4 +5%
SBI Nifty Midcap 150 Index Fund0.33%4 +4%
Franklin India Multi-Factor Fund0.67%4 +11%
Zerodha Nifty LargeMidcap 250 Index Fund0.17%3 +6%
JioBlackRock Flexi Cap Fund0.08%3 +100%

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 9% of net profit over the last 3 years
lookAuditor change Auditor change 2026-10-01: General Insurance Corporation of India has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-09-05The President of India acting throPromoterssell59,432,385Rs 2348.25 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹14,401 Cr -1.5% vs Jun 2025. Net profit ₹1,744 Cr -31.1%.

Activity

Compare
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ICICI Lombard General Insurance Company Ltd75,69231.221.9 %
Star Health & Allied Insurance Company Ltd31,67437.59.69 %
New India Assurance Company Ltd27,73436.04.29 %
Go Digit General Insurance Ltd23,41147.513.1 %
Niva Bupa Health Insurance Company Ltd13,55177.83.15 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Rs 13.25 Per Share
2025-09-04Dividend - Rs 10 Per Share
2024-09-11Dividend - Rs 10 Per Share
2023-09-08Dividend - Rs 7.20 Per Share
2019-07-19 Dividend Rs 6.75 Per Share
2018-07-12 Bonus 1:1/Dividend- Rs 13.5 Per Share0.5000
DateTypeWhat it says
2026-10-01Change in AuditorsChange in Auditors of the company.
2026-09-24Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-15Concall / analyst meetSchedule of meet
2026-09-15Director changeChange in Director(s) of the company.
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-20Concall / analyst meetTranscript
2026-08-19UpdatesCorrigendum Investor Presentation Q1 FY 2027 Financial Results Presentation .
2026-08-17Concall / analyst meetLink of Recording
2026-08-15General UpdatesGeneral Updates
2026-08-15Investor PresentationInvestor Presentation
2026-08-14Director changeChange in Director(s) of the company.
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "GIC Re announces Financial Performance for the Quarter ended 30.06.2026".
2026-08-13General UpdatesGeneral Updates
2026-08-13Board meeting outcomeGeneral Insurance Corporation of India has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-13Director changeChange in Director(s) of the company.
2026-08-12Concall / analyst meetSchedule of meet
2026-07-17Change in ManagementChange in Management
2026-06-29General UpdatesCommunication sent to shareholders regarding transfer of dividend/shares to IEPFA
2026-06-23UpdatesSecond 100 days campaign -Saksham Niveshak.
2026-06-19Director changeChange in Director(s) of the company.
2026-06-19UpdatesDisclosure received from Promoter under Regulation 7(2) of SEBI (PIT) Regulations, 2015.
2026-06-18ResignationResignation of Director/KMP/SMP
2026-06-18CessationCessation of Mr V. Balkrishna as Chief Financial Officer of the company w.e.f. Jun 18, 2026.
2026-06-18AppointmentAppointment of Mr Rajesh Laheri as Chief Financial Officer of the company w.e.f. Jun 18, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of General Insurance Corporation of India?

General Insurance Corporation of India (GICRE) has a market capitalisation of Rs 56,185 Cr. at the 2026-10-01 close.

What is the P/E ratio of General Insurance Corporation of India?

General Insurance Corporation of India trades at a P/E of 6.33 on trailing twelve-month profit, at the 2026-10-01 close.

What were General Insurance Corporation of India's latest quarterly results?

In the Jun 2026 quarter, General Insurance Corporation of India sales was Rs 14,401 Cr (-1.5% vs Jun 2025) and net profit was Rs 1,744 Cr.

What is the 52-week high and low of General Insurance Corporation of India?

The 52-week high is Rs 417.95 and the 52-week low is Rs 319.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03