General Insurance Corporation of India (GICRE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of General Insurance Corporation of India ₹427, price ₹344, upside +24.1%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹99.39 – ₹487.55 · fair‑value band ₹329.42 – ₹743.09 · the ₹344.15 price screens below the ₹427.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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, life, marine hull, cargo and offshore energy, and miscellaneous products.
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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, life, marine hull, cargo and offshore energy, and miscellaneous products. The company was incorporated in 1972 and is headquartered in Mumbai, India.
Stock analysis
General Insurance Corporation of India (GICRE) currently trades at ₹344.15, while our model-based Fair Value estimate is ₹427.20, implying the stock looks roughly 19.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹473.18 per share, and 3 of the 6 models we run sit above the ₹344.15 price.
Bear case: the Dividend Discount group reads lowest at ₹139.86, and 3 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹329.42 (bear) to ₹743.09 (bull), the price of ₹344.15 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Financial Services sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
General Insurance Corporation of India reported revenue of ₹535B in FY2026 versus ₹515B in FY2022, a compound +0.9%/yr. Reported net income was ₹96.6B in FY2026, compounding +41.9%/yr from FY2022.
Key figures
Market cap ₹604B (≈ $6.3B) · P/E ratio 6.2 · P/S ratio 1.13 · EPS (TTM) ₹55.08 · Dividend yield 3.9% · Net margin 18.1% · Return on equity 10.7% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 24% fair-value upside, at 24%, GICRE screens richer than that median.
Fair Value models
Bear ₹329.42Fair Value ₹427.20Bull ₹743.09
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹20.28 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+5.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
Start year 2021 (pandemic). Over 10 years: +10.6% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+38.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.6%
Dividend (yield on the price)3.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.35% vs 13%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 23%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+37.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +31.9% a year for the price.
Compare General Insurance Corporation of India with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Reinsurance · 28 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+24% · Above median
Profitability
Return on equity (TTM)11% · Below median
Return on assets3% · Above median
Net margin (TTM)18% · Top 25%
Operating margin (TTM)21% · Above median
Growth and dividend
Revenue growth−1% · Above median
Dividend yield (TTM)3.9% · Below median
Valuation Multiplesvs Insurance - Reinsurance median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "General Insurance Corporation of India Fair Value". https://www.fairvalue-calculator.com/stock/GICRE
Frequently asked questions
Is General Insurance Corporation of India (GICRE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹427.20 versus a price of ₹344.15, about +24% upside (undervalued).
What is the fair value of GICRE?
Our model-based fair value for General Insurance Corporation of India is ₹427.20 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹344.15.
What is the quality score of GICRE?
General Insurance Corporation of India has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for General Insurance Corporation of India (GICRE)?
Our model-based price target is the fair value of ₹427.20 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario ₹329.42, optimistic scenario ₹743.09. It is a calculation from audited fundamentals, not an analyst target.
What is the General Insurance Corporation of India stock forecast for 2026?
Our models put fair value at ₹427.20, about +24% upside versus a price of ₹344.15 (undervalued). Cautious scenario ₹329.42, optimistic scenario ₹743.09. The calculation is refreshed regularly with new filings.
What is the revenue of General Insurance Corporation of India (GICRE)?
General Insurance Corporation of India reported trailing-twelve-month revenue of about ₹529B (latest available figure, as of Sep 24, 2026).
Does General Insurance Corporation of India pay a dividend?
General Insurance Corporation of India currently shows a dividend yield of about 3.85% relative to its recent price (as of Sep 24, 2026).
What growth is priced into General Insurance Corporation of India (GICRE)?
For today's price to be fair in a discounted-cash-flow model, General Insurance Corporation of India would have to grow free cash flow by +37.3 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of GICRE use?
Our models discount General Insurance Corporation of India at 10.9 %: a base by market capitalisation (mid), damped by beta 0.37, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For General Insurance Corporation of India that is +37.3 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has General Insurance Corporation of India (GICRE) delivered so far?
Over the past 5 years revenue at General Insurance Corporation of India grew +1.8 % a year. The price currently implies +37.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of General Insurance Corporation of India (GICRE) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into General Insurance Corporation of India (+37.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of General Insurance Corporation of India (GICRE)?
The free-cash-flow yield on the price is 0.75 %: that much free cash flow General Insurance Corporation of India produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of General Insurance Corporation of India (GICRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For General Insurance Corporation of India it is ₹427.20 per share (as of Sep 24, 2026), against a price of ₹344.15. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is General Insurance Corporation of India stock overvalued or undervalued in 2026?
As of Sep 24, 2026, GICRE trades below its calculated fair value: price ₹344.15, fair value ₹427.20, a gap of about +24% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GICRE?
No. The price is what the market pays today (₹344.15); the fair value is what the company's own numbers justify (₹427.20). For General Insurance Corporation of India the two are ₹83.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is General Insurance Corporation of India worth?
The market values General Insurance Corporation of India at about ₹604B (market capitalisation, as of Sep 24, 2026). Per share that is ₹344.15; our models calculate a fair value of ₹427.20 per share.
What do the bullish and bearish scenarios say about GICRE?
Our models span a range for General Insurance Corporation of India: cautious scenario ₹329.42, base ₹427.20, optimistic ₹743.09 per share (as of Sep 24, 2026, price ₹344.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GICRE?
General Insurance Corporation of India trades at a price-to-earnings ratio of 6.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹427.20 is built from several models across several years. Other multiples: P/B 1.0, P/S 1.1, EV/EBITDA 2.9.
How solid is the balance sheet of General Insurance Corporation of India (GICRE)?
Balance-sheet figures for General Insurance Corporation of India (as of Sep 24, 2026): return on equity 10.7%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is GICRE from its 52-week high?
General Insurance Corporation of India trades at ₹344.15, about 16% below its 52-week high of ₹409.35 and 2% above the low of ₹337.75 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹427.20 is for.
Which stocks are comparable to General Insurance Corporation of India?
From the same area (Financial Services) we also value MUV2, Swiss Re AG, Hannover Rück SE, Reinsurance Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is General Insurance Corporation of India stock attractive at the current price?
The data as of Sep 24, 2026: price ₹344.15, calculated fair value ₹427.20 (+24%), Quality Score 52/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GICRE calculated?
We run General Insurance Corporation of India through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹427.20, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. General Insurance Corporation of India currently trades 24 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of General Insurance Corporation of India (GICRE)?
The closing price on Sep 23, 2026 was ₹344.15. Our model-based fair value is ₹427.20, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with General Insurance Corporation of India right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹329.42 to ₹743.09) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of General Insurance Corporation of India (GICRE) come from?
Earnings per share at General Insurance Corporation of India grew +10.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.2 %, EBIT margin +3.1 %, tax rate −1.5 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of General Insurance Corporation of India
How large is the market capitalisation of General Insurance Corporation of India (GICRE)?
The market capitalisation of General Insurance Corporation of India is ₹604B (≈ $6.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of General Insurance Corporation of India (GICRE)?
The price-to-sales ratio of General Insurance Corporation of India is 1.13 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of General Insurance Corporation of India (GICRE)?
Earnings per share at General Insurance Corporation of India are ₹55.08 (price ÷ EPS = P/E 6.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of General Insurance Corporation of India (GICRE)?
The dividend yield of General Insurance Corporation of India is 3.9% (payout 24.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of General Insurance Corporation of India (GICRE)?
The net margin of General Insurance Corporation of India is 18.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of General Insurance Corporation of India (GICRE)?
The return on equity (ROE) of General Insurance Corporation of India is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of General Insurance Corporation of India (GICRE)?
On an EBIT basis the return on assets of General Insurance Corporation of India is 4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of General Insurance Corporation of India (GICRE)?
The operating margin of General Insurance Corporation of India is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at General Insurance Corporation of India (GICRE)?
Revenue at General Insurance Corporation of India is growing −1.3% versus a year earlier (3y avg +3.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at General Insurance Corporation of India (GICRE)?
Earnings per share at General Insurance Corporation of India are growing +1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does General Insurance Corporation of India (GICRE) hold?
General Insurance Corporation of India holds more cash than debt, ₹285B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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