Skip to content
GIC of India logo

GIC of India

General Insurance Corporation of India

GICRE NSE
₹323.85 No trade today
P/E
6.40
View as Markdown
MCP
Close 4 Nov 2026 ₹323.85 −50.10 −13.4% 1Y
Start ₹373.95

Key Fundamentals

MidcapInsuranceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
17.40%
Debt to Equity
0.00
EPS (TTM)
₹50.60
Book Value
₹422.52
Market Cap
—
P/E (TTM)
6.40
P/B
0.77
ROE
14.60%
Dividend Yield
4.15%
EBITDA
₹12,192 Cr
52W High
₹417.95
52W Low
₹308.00
Volume
0

Peer Comparison

Financial Services › Insurance › General Insurance

GIC of India peer comparison
ICICI Lombard General Insurance
₹1,596.3031.17₹80,888 Cr4.240.44%16.60%21.90%₹29,038 Cr₹2,555 Cr
GIC of India (this company)
₹323.856.40₹56,281 Cr0.774.15%14.60%17.40%₹52,763 Cr₹8,877 Cr
Star Health Insurance
₹530.5036.99₹30,850 Cr2.990.00%7.61%9.69%₹19,114 Cr₹844 Cr
New India Assurance Company
₹160.4534.28₹26,368 Cr0.940.96%4.92%4.29%₹49,962 Cr₹776 Cr
Go Digit General Insurance
₹257.1548.25₹24,008 Cr5.100.00%12.20%13.10%₹10,196 Cr₹492 Cr
Niva Bupa Health Insurance Company
₹77.1481.20₹14,080 Cr3.770.00%3.46%3.15%₹7,907 Cr₹174 Cr
Median 6 companies₹290.5035.64₹28,609 Cr3.380.22%9.91%11.40%₹24,076 Cr₹810 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 97/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
87
Strong
Cheap vs sector & own history 24% weight
Growth
20
Poor
Sales & profit trajectory 9% weight
Financial Health
73
Strong
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is almost debt free.
  • Stock is trading at 0.74 times its book value
  • Stock is providing a good dividend yield of 4.27%.
  • Company has been maintaining a healthy dividend payout of 24.6%

Weaknesses

3
  • The company has delivered a poor sales growth of 1.75% over past five years.
  • Company has a low return on equity of 13.0% over last 3 years.
  • Contingent liabilities of Rs.27,679 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
48.97
Neutral
MACD (12,26,9)
−3.56
Bullish
SMA (50)
334.18
Bearish
SMA (200)
364.65
Bearish

As of

Analyst Rating

Based on 6 analysts
BUY83%

5 of 6 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
5
83%
HOLD
0
0%
SELL
1
17%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.20%
5Y+1.75%
3Y+4.35%
1Y+6.79%
TTM+2.74%

Net profit

Net profit growth by window
10Y+13.09%
5Y+37.14%
3Y+11.84%
1Y+30.01%
TTM+3.67%

Operating cash flow

Operating cash flow growth by window
10Y−22.57%
5Y−48.83%
3Y−65.87%
1Y−76.42%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+28.85 pp
5Y+12.66 pp
3Y+4.13 pp
1Y+1.26 pp
TTM−1.08 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹26,776 Cr
Mar 2018₹38,198 Cr
Mar 2019₹44,928 Cr
Mar 2020₹50,345 Cr
Mar 2021₹48,583 Cr
Mar 2022₹48,967 Cr
Mar 2023₹46,638 Cr
Mar 2024₹45,978 Cr
Mar 2025₹49,617 Cr
Mar 2026₹52,986 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹3,672 Cr
Mar 2018₹3,146 Cr
Mar 2019₹2,758 Cr
Mar 2020−₹186 Cr
Mar 2021₹1,992 Cr
Mar 2022₹2,386 Cr
Mar 2023₹6,907 Cr
Mar 2024₹6,686 Cr
Mar 2025₹7,432 Cr
Mar 2026₹9,662 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹54.31 −1.4% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

General Insurance Corporation of India trades at ₹310.85 as of 2026-10-30 with a market cap of ₹54,535.52 Cr, a P/E of 6.14x and a P/B of 0.74x, placing it below book value. The company is virtually debt-free and offers a 4.11% dividend yield, but faces sluggish top-line growth of just 2% CAGR over five years and carries contingent liabilities of ₹27,679 Cr.

Bull Case 7
  • Trades at a P/B of just 0.74x as of 2026-10-30, meaning the stock is priced at a 26% discount to its book value — unusual for a sovereign-backed reinsurer.
  • The company is virtually debt-free with a debt-to-equity ratio of 0, reducing balance-sheet risk and interest-rate sensitivity.
  • Dividend yield stands at 4.11% as of 2026-10-30 with a healthy payout ratio of 24.6%, offering meaningful income to shareholders.
  • Compounded profit CAGR of 37% over five years and 20% over ten years demonstrates long-term earnings compounding ability despite cyclical headwinds.
  • Return on equity has improved from an average of 11% over ten years to 15% in the last year, indicating a trend of better capital utilisation.
  • Stock price CAGR of 16% over five years and 12% over three years shows the stock has delivered reasonable long-term returns despite recent weakness.
  • Ten-year compounded sales CAGR of 13% shows the company has historically been able to scale its premium base over longer cycles.
Bear Case 8
  • Five-year compounded sales CAGR of just 2% signals near-stagnant top-line growth, raising questions about the company's ability to expand its premium book.
  • Contingent liabilities stand at ₹27,679 Cr — roughly 51% of the current market cap of ₹54,535.52 Cr — posing a material risk if even a fraction crystallises.
  • The stock is trading near its 52-week low of ₹308, just 0.9% above that level, while sitting 25.6% below its 52-week high of ₹417.95, reflecting sustained negative sentiment.
  • TTM profit growth has decelerated sharply to 4% from the five-year CAGR of 37%, suggesting the earnings growth cycle may be fading.
  • ROCE is deeply negative at -52.91%, which for an insurer can reflect large unrealised losses or reserve adjustments that erode operating returns on total capital employed.
  • Three-year average ROE of 13% remains modest for a reinsurance monopoly, indicating the company is not generating outsized returns despite its dominant market position.
  • One-year stock price return of -18% shows meaningful capital erosion for recent investors and may reflect deteriorating fundamentals or sector-level concerns.
  • Three-year compounded sales CAGR of only 4% confirms that top-line sluggishness is not just a recent phenomenon but a persistent structural challenge.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Recent developments at GIC Re are purely governance-related, with a new Chief Risk Officer appointment and a nominee director seeking shareholder approval. No material business headwinds or positive catalysts emerged in this period. The CRO appointment signals continued regulatory compliance focus. Watch for upcoming financial results and reinsurance pricing trends for directional cues.

Neutral 2
  • Nominee director postal ballot Oct 22

    GIC Re seeks shareholder approval for Divesh Sehara as Government Nominee Director via postal ballot. Remote e-voting runs October 23 to November 21, 2026, with an October 9 cut-off date.

  • New Chief Risk Officer appointed Oct 9

    Prerana Puthran appointed as Chief Risk Officer effective October 9, 2026, following board approval under SEBI and IRDAI regulations.

Quarterly Results

₹ Cr
GICRE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
11,166
13,075
11,148
10,254
12,886
12,378
11,144
13,209
14,623
12,755
12,589
13,018
14,401
Expenses
10,200
11,611
9,523
7,290
11,413
9,998
9,215
10,210
12,018
9,993
10,223
10,556
12,380
Operating Profit
966
1,465
1,625
2,964
1,473
2,380
1,929
2,998
2,605
2,762
2,366
2,463
2,021
OPM %
9%
11%
15%
29%
11%
19%
17%
23%
18%
22%
19%
19%
14%
Other Income
187
391
195
131
17
−93
255
146
59
553
135
645
171
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
PBT
1,154
1,855
1,820
3,096
1,490
2,287
2,184
3,144
2,664
3,315
2,501
3,108
2,192
Tax %
18%
13%
24%
18%
25%
18%
26%
25%
18%
19%
24%
23%
26%
Net Profit
978
1,689
1,439
2,580
1,401
1,856
1,677
2,499
2,531
2,874
1,726
2,533
1,744
EPS (₹)
5.57
9.63
8.2
14.71
7.98
10.58
9.56
14.24
14.42
16.38
9.84
14.44
9.94

Profit & Loss

₹ Cr
GICRE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
13,595
15,338
26,776
38,198
44,928
50,345
48,583
48,967
46,638
45,978
49,617
52,986
52,763
Expenses
15,160
16,851
27,561
39,900
41,204
52,445
45,510
45,816
39,709
38,506
40,822
42,923
43,152
Operating Profit
−1,566
−1,512
−786
−1,702
3,724
−2,100
3,073
3,151
6,929
7,472
8,795
10,062
9,611
OPM %
−12%
−10%
−2.9%
−4.5%
8%
−4.2%
6%
6%
15%
16%
18%
19%
18%
Other Income
4,436
4,545
4,573
5,351
145
1,754
11
618
1,112
465
324
1,391
1,504
Interest
33
2
7
12
0
0
0
0
1
1
0
0
0
Depreciation
9
9
10
8
14
19
15
14
10
12
15
6
0
PBT
2,829
3,021
3,770
3,630
3,854
−366
3,069
3,755
8,031
7,925
9,105
11,447
11,115
Tax %
1%
11%
13%
12%
32%
−24%
41%
41%
18%
18%
23%
21%
—
Net Profit
2,891
2,823
3,672
3,146
2,758
−186
1,992
2,386
6,907
6,686
7,432
9,662
8,875
EPS (₹)
336
3.28
4.27
17.93
15.72
−1.06
11.35
13.6
39.37
38.11
42.36
55.08
50.6
Div. Payout %
11%
19%
27%
38%
43%
0%
0%
17%
18%
26%
24%
24%
—

Balance Sheet

₹ Cr
GICRE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
430
430
430
439
877
877
877
877
877
877
877
877
Reserves
43,742
41,445
19,753
23,716
24,615
23,067
31,586
35,131
44,308
54,379
60,622
69,604
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
30,745
34,228
77,131
88,329
96,716
96,637
1,07,801
1,15,833
1,17,546
1,29,196
1,33,268
1,35,247
Total Liabilities
74,916
76,103
97,314
1,12,484
1,22,209
1,20,581
1,40,265
1,51,841
1,62,731
1,84,452
1,94,768
2,05,728
Fixed Assets
181
214
192
200
225
209
200
200
324
318
327
332
CWIP
0
0
0
0
0
0
0
0
0
0
8
12
Investments
56,758
55,686
66,481
73,791
82,045
70,918
93,990
1,04,677
1,14,738
1,35,763
1,43,280
1,48,373
Other Assets
17,978
20,203
30,641
38,493
39,938
49,455
46,075
46,963
47,669
48,372
51,153
57,011
Total Assets
74,916
76,103
97,314
1,12,484
1,22,209
1,20,581
1,40,265
1,51,841
1,62,731
1,84,452
1,94,768
2,05,728

Cash Flow

₹ Cr
GICRE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2,635
6,013
7,901
8,837
7,604
8,617
13,284
9,051
11,722
−212
1,976
466
Investing
−2,763
−3,332
−4,414
−5,605
−7,501
−4,016
−10,802
−6,188
−9,076
1,749
−275
1,281
Financing
−387
−650
−1,035
−1,206
−1,428
−1,428
0
0
−395
−1,263
−1,754
−1,754
Net Cash Flow
−515
2,030
2,452
2,026
−1,324
3,174
2,482
2,863
2,251
274
−53
−7
Free Cash Flow
2,601
5,970
7,898
8,821
7,564
8,614
13,278
9,036
11,589
−217
1,952
453
CFO/OP
−145
−402
−1,046
−543
240
−440
467
334
195
22
48
30

Ratios

GICRE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
0
0
0
0
0
0
0
0
0
0
0
0
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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view GIC of India insights

36 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 77.40%
  • DIIs 17.71%
  • FIIs 2.40%
  • Public 1.98%
  • Others 0.51%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about GIC of India

What does General Insurance Corporation of India do?
General Insurance Corporation of India is engaged in the business of Reinsurance.
Where is General Insurance Corporation of India (GICRE) listed?
General Insurance Corporation of India trades as GICRE on the NSE and under code 540755 on the BSE.
Which sector does General Insurance Corporation of India belong to?
General Insurance Corporation of India is classified under the Insurance sector, in the General Insurance industry.
What is the PE ratio of General Insurance Corporation of India?
General Insurance Corporation of India trades at a PE ratio of 6.40 as of 4 Nov 2026, on earnings per share of ₹50.6, against a book value of ₹422.52 per share.
What is the 52-week high and low of General Insurance Corporation of India?
Over the last 52 weeks General Insurance Corporation of India has traded between ₹308 and ₹417.95 as of 4 Nov 2026.
Does General Insurance Corporation of India pay dividends?
General Insurance Corporation of India has a dividend yield of 4.15%.
What is the Return on Equity (ROE) of General Insurance Corporation of India?
General Insurance Corporation of India reported a return on equity of 14.60%. Its debt-to-equity ratio is 0.00.

Company Information

General Insurance Corporation of India is engaged in the business of Reinsurance.

Website gicre.in
CEO Mr. Balkrishna Variar
Employees 414
Listed 25 Oct 2017
Face Value ₹5

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/GICRE.md for General Insurance Corporation of India: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Insurance stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month