Go Digit General Insurance Ltd logo

Go Digit General Insurance Ltd

GODIGIT NSE

Incorporated in 2016, Go Digit General Insurance Ltd provides motor, health, and other insurances[1]

AI Verdict: HOLD Confidence: 5%

Go Digit trades at a steep 51.2x PE and 5.98x book value, which is hard to justify given a 3-year ROE of only 10%. However, strong 5-year profit CAGR of 45% and a debt-free balance sheet provide a growth runway if combined ratio improves and scale benefits kick in.

Key Fundamentals

SmallcapGeneral InsuranceInsurance
Market Cap
₹29,140 Cr
Volatility
Moderate
P/E Ratio
52.99
EBITDA
₹-1,432 Cr
Return on Equity
5.31%
Debt to Equity
0.1
Book Value
₹50.43
EPS
₹2.45
52W High
₹381.4
52W Low
₹290.8

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has delivered good profit growth of 45.1% CAGR over last 5 years

Weaknesses

5
  • Stock is trading at 6.27 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 10.4% over last 3 years.
  • Earnings include an other income of Rs.473 Cr.

Growth Rate

Revenue Growth
-13.21% ↘
Net Income Growth
28.11% ↗
Cash Flow Change
-6.77% ↘
ROE
74.43% ↗
ROCE
117.24% ↗
EBITDA Margin (Avg.)
-426.11% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Go Digit trades at a steep 51.2x PE and 5.98x book value, which is hard to justify given a 3-year ROE of only 10%. However, strong 5-year profit CAGR of 45% and a debt-free balance sheet provide a growth runway if combined ratio improves and scale benefits kick in.

Bull Case 8
  • Company is virtually debt-free, giving it significant financial flexibility in a capital-intensive insurance industry
  • Compounded profit growth of 45% CAGR over 5 years demonstrates rapid scaling of underwriting and investment income
  • TTM profit growth of 30% shows continued earnings momentum even on a larger base
  • 3-year compounded sales growth of 19% indicates sustained premium growth well above industry average of 12-14%
  • 5-year compounded sales CAGR of 35% reflects successful market share gains in motor and health segments
  • 70% of analysts rate the stock a BUY (7 out of 10 analysts), indicating consensus confidence in the business model
  • Last year ROE improved to 12%, up from the 3-year average of 10%, suggesting improving capital efficiency
  • Market cap of Rs 27,467 Cr positions it as a mid-cap insurer with room for re-rating as profitability scales
Bear Case 8
  • PE ratio of 51.2x is expensive relative to mature general insurers like ICICI Lombard (40-45x) and offers limited margin of safety
  • Price-to-book of 5.98x is elevated for a company delivering only 10-12% ROE — fair PB for this ROE range is closer to 3-4x
  • 3-year average ROE of just 10% is below the 15%+ threshold typically expected for premium valuations in financial services
  • Stock has declined 14% over the past 1 year, indicating market skepticism about near-term earnings delivery at current valuations
  • Zero dividend payout despite repeated profitability signals weak shareholder return policy and potential capital misallocation risk
  • Other income of Rs 473 Cr inflates reported earnings, meaning core underwriting profitability is weaker than headline numbers suggest
  • TTM sales growth has decelerated sharply to 7% from 19% 3-year CAGR, raising questions about premium growth sustainability
  • Apparently low tax rate suggests earnings quality concerns or reliance on tax shields that may normalize going forward

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 1
  • GST demand of Rs 20.51 crore May 26

    Go Digit received a Show Cause Notice from GST Authority alleging ineligible Input Tax Credit of Rs 20.51 crore for FY23 and FY24. The company plans to contest the demand.

TL;DR: Go Digit faces a minor regulatory headwind with a GST demand of Rs 20.51 crore, which the company intends to contest. No positive catalysts or neutral developments emerged in the period. The demand is relatively small for an insurer of this scale, but regulatory scrutiny bears watching. The trend is neutral pending resolution of the tax dispute.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,602
1,701
1,905
2,286
2,256
2,105
2,234
2,436
2,594
2,236
2,488
2,570
2,711
Expenses
1,576
1,643
1,877
2,243
2,672
2,004
2,145
2,318
2,804
2,077
2,353
2,408
3,008
Operating Profit
26
58
28
43
-415
101
89
118
-209
159
135
162
-297
OPM %
2%
3%
1%
2%
-18%
5%
4%
5%
-8%
7%
5%
6%
-11%
Other Income
0
0
0
0
468
0
0
0
325
1
1
1
470
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
26
58
28
43
53
101
89
119
116
161
136
163
173
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
14%
14%
14%
13%
Net Profit
26
58
28
43
53
101
89
119
116
138
117
140
149
EPS in Rs
0.29
0.67
0.32
0.49
0.6
1.1
0.97
1.29
1.25
1.5
1.26
1.52
1.62
Figures in ₹ Crores

Profit & Loss

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
2,252
3,841
5,885
8,147
9,371
10,005
Expenses
2,366
4,124
5,835
8,416
9,250
9,846
Operating Profit
-114
-283
50
-269
121
159
OPM %
-5%
-7%
1%
-3%
1%
2%
Other Income
0
0
0
468
324
473
Interest
0
0
0
0
0
0
Depreciation
9
12
15
18
20
0
PBT
-123
-296
36
182
425
632
Tax %
0%
0%
0%
0%
0%
14%
Net Profit
-123
-296
36
182
425
544
EPS in Rs
-1.49
-3.44
0.41
2.08
4.6
5.89
Div. Payout %
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
825
859
874
875
923
924
Reserves
402
1,119
1,565
1,844
3,391
3,738
Borrowings
0
0
0
350
350
350
Other Liabilities
4,777
8,070
11,050
13,889
16,797
19,940
Total Liabilities
6,004
10,048
13,490
16,958
21,461
24,952
Fixed Assets
22
125
161
173
215
157
CWIP
81
24
1
2
1
0
Investments
5,430
9,247
12,389
15,395
19,409
22,703
Other Assets
471
652
938
1,388
1,835
2,093
Total Assets
6,004
10,048
13,490
16,958
21,461
24,952
Figures in ₹ Crores

Cash Flow

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,563
2,479
2,250
1,720
1,604
2,026
Investing
-1,637
-3,487
-2,514
-1,986
-2,837
-2,019
Financing
159
995
397
342
1,092
-28
Net Cash Flow
86
-13
133
77
-141
-22
Free Cash Flow
1,536
2,429
2,229
1,704
1,587
2,009
CFO/OP
-1,374
-875
4,456
-641
1,325
1,273
Figures in ₹ Crores

Ratios

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
0
Cash Conversion Cycle
0
0
0
0
0
0
Working Capital Days
-723
-719
-644
-576
-592
-658
ROCE %
—
-18%
2%
5%
11%
13%

Shareholding Pattern

As of Mar 2026
Promoters 73.01%
DIIs 14.63%
FIIs 8.01%
Public 2.59%
Others 1.77%
Total 100.01%
  Aug 2022Mar 2023May 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
83.66%
83.48%
73.58%
73.58%
73.28%
73.18%
73.12%
73.10%
73.09%
73.03%
73.01%
FIIs
0.00%
0.00%
4.31%
5.10%
5.52%
6.47%
7.85%
8.28%
8.47%
8.26%
8.01%
DIIs
0.00%
0.00%
14.78%
16.22%
15.58%
15.18%
15.27%
14.39%
14.13%
14.34%
14.63%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
0.00%
3.90%
1.86%
2.31%
2.10%
2.23%
2.54%
2.60%
2.67%
2.59%
Others
16.34%
16.52%
3.43%
3.24%
3.31%
3.08%
1.53%
1.69%
1.71%
1.71%
1.77%
No. of Shareholders
523
542
610
67,000
63,484
66,301
71,321
66,167
65,851
61,261
59,152

Documents

Frequently Asked Questions about Go Digit General Insurance Ltd

What does Go Digit General Insurance Ltd do?
Incorporated in 2016, Go Digit General Insurance Ltd provides motor, health, and other insurances[1]
Where is Go Digit General Insurance Ltd (GODIGIT) listed?
Go Digit General Insurance Ltd is listed on the Indian stock exchanges. It is listed on NSE: GODIGIT and BSE: 544179. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Go Digit General Insurance Ltd belong to?
Go Digit General Insurance Ltd operates in the Financial Services sector within the Insurance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Go Digit General Insurance Ltd?
Go Digit General Insurance Ltd has a market capitalisation of approximately ₹29139.93 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Go Digit General Insurance Ltd?
The Price-to-Earnings (PE) ratio of Go Digit General Insurance Ltd is 52.99. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Go Digit General Insurance Ltd?
Over the past 52 weeks, Go Digit General Insurance Ltd has traded between a low of ₹290.8 and a high of ₹381.4. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Go Digit General Insurance Ltd?
Go Digit General Insurance Ltd has a Return on Equity (ROE) of 5.31%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Go Digit General Insurance Ltd on Tapetide?
On Tapetide, you can view Go Digit General Insurance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 2016, Go Digit General Insurance Ltd provides motor, health, and other insurances[1]

Website godigit.com
CEO Ms. Jasleen Kohli
Employees 4,534
Listed 2024-05-23
Face Value ₹ 10
Issued Size 92,42,87,149

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