General Insurance Corporation of India (IN:GICRE)
:GICRE
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General Insurance Corporation of India
(GICRE)
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Rating:70Outperform
Price Target:
₹418.00
▲(9.00% Upside)
Action:N/ADate:01/04/26
Score is driven primarily by strong financial resilience (debt-free balance sheet and solid FY2025 profitability) and supportive valuation (low P/E with a dividend). Offsetting factors are weaker consistency in operating cash flow and a mixed technical picture with negative MACD and price hovering around key moving averages.
General Insurance Corporation of India (GICRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹697.64B
Dividend Yield2.69%
Average Volume (3M)20.24K
Price to Earnings (P/E)9.7
Beta (1Y)1.02
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees411
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)10.60
Shares Outstanding1,754,400,000
10 Day Avg. Volume20,486
30 Day Avg. Volume20,237
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)1.49
Price to Sales (P/S)1.43
P/FCF Ratio37.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)50.83
Revenue Forecast (FY)₹514.51B
General Insurance Corporation of India Business Overview & Revenue Model
Company Description
General Insurance Corporation of India provides reinsurance services in India and internationally. It offers property, energy, marine, engineering, liability, spares, health, agriculture/weather, motor and workmen compensation, aviation, and misce...
How the Company Makes Money
GIC Re primarily makes money by underwriting reinsurance—i.e., accepting a portion of risk from primary insurers (cedants) in exchange for reinsurance premiums. Its key revenue streams and earnings drivers include: (1) Reinsurance premiums earned:...
General Insurance Corporation of India Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 533.00B | 507.02B | 465.50B | 483.42B | 514.87B | 489.07B |
| Gross Profit | 446.39B | 424.68B | 395.67B | 420.41B | 425.59B | 404.00B |
| EBITDA | 111.75B | 91.90B | 80.21B | 81.22B | 38.31B | 31.47B |
| Net Income | 95.80B | 74.32B | 66.86B | 69.07B | 23.86B | 19.92B |
Balance Sheet | ||||||
| Total Assets | 2.05T | 1.95T | 1.84T | 1.63T | 1.52T | 1.40T |
| Cash, Cash Equivalents and Short-Term Investments | 261.94B | 252.80B | 248.55B | 245.75B | 219.51B | 199.98B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.37T | 1.46T | 1.29T | 1.18T | 1.16T | 1.08T |
| Stockholders Equity | 676.08B | 486.59B | 419.35B | 451.85B | 360.08B | 324.63B |
Cash Flow | ||||||
| Free Cash Flow | -2.16B | 19.51B | 111.39B | 115.88B | 90.35B | 132.78B |
| Operating Cash Flow | -2.06B | 19.76B | 111.44B | 117.22B | 90.51B | 132.84B |
| Investing Cash Flow | -20.41B | -9.26B | -88.72B | -99.99B | -66.79B | -104.53B |
| Financing Cash Flow | -17.54B | -17.54B | -12.63B | -3.95B | -1.00K | 0.00 |
General Insurance Corporation of India Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹295.84B | 56.68 | ― | ― | ― | ― | |
72 Outperform | ₹890.06B | 37.02 | ― | 0.69% | 14.43% | 25.13% | |
70 Outperform | ₹697.64B | 9.68 | ― | 2.69% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | ₹256.92B | 16.90 | ― | 1.18% | ― | ― |
* Financial Sector Average
IN:GICRE
General Insurance Corporation of India
397.65
-2.85
-0.71%
IN:GODIGIT
Go Digit General Insurance Limited
320.00
30.90
10.69%
IN:ICICIGI
ICICI Lombard General Insurance Co. Ltd.
1,785.50
-23.18
-1.28%
IN:NIACL
New India Assurance Co. Ltd.
155.90
-4.05
-2.53%
General Insurance Corporation of India Corporate Events
GIC of India Faces Rs 350-Crore Tax Demand, Plans to Appeal Assessment
Apr 10, 2026
General Insurance Corporation of India has disclosed that it received an income tax demand notice for assessment year 2023-24, with the Income Tax Department determining a payable amount of Rs 350.47 crore following an assessment order under Secti...
GIC Re Announces Completion of Independent Director Vinita Kumari’s Board Tenure
Mar 23, 2026
General Insurance Corporation of India announced that the term of appointment of Ms. Vinita Kumari as a non-executive independent director has ended, and she ceased to be on the company’s board with effect from the close of business on March...
GIC Re Says Approved Company Secretary Appointee Declines to Join
Mar 10, 2026
General Insurance Corporation of India has clarified that the previously approved appointment of Mr. Deepak C. S. as Company Secretary, Compliance Officer and Key Managerial Personnel will not take effect. The corporation informed stock exchanges ...
GIC Re Schedules Investor Conference Call for February 27
Feb 24, 2026
General Insurance Corporation of India has scheduled a virtual group conference call between its senior management and analysts or investors at 5:00 p.m. IST on Friday, 27 February 2026. The company has clarified that no unpublished price-sensitiv...
GIC Re Files Q3 FY26 Investor Presentation With Stock Exchanges
Feb 9, 2026
General Insurance Corporation of India has released its investor presentation for the third quarter of fiscal year 2026, detailing its financial results and making the materials available to shareholders and analysts. The disclosure, filed with bo...
GIC Re Renews Appointment of Non-Life Appointed Actuary Sateesh Bhat for One Year
Jan 20, 2026
General Insurance Corporation of India has renewed the appointment of Shri Sateesh Bhat as its Appointed Actuary (Non-Life) and Key Managerial Personnel for a further one-year term effective 20 January 2026, in line with SEBI’s disclosure re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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