Go Digit General Insurance
Go Digit General Insurance
InsuranceKey Fundamentals
SmallcapGeneral InsuranceInsuranceTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has delivered good profit growth of 45.1% CAGR over last 5 years
Weaknesses
4- Stock is trading at 5.08 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.5% over last 3 years.
- Earnings include an other income of Rs.472 Cr.
Growth Rate
AI Analysis — Bull vs Bear
Go Digit General Insurance has a market capitalisation of about Rs 23,276 Cr. It trades at 46.9x earnings and 4.96x book value, and its return on equity was 12% last year and 11% over three years. Revenue has compounded at 35% over five years and 19% over three years, but trailing twelve-month growth in both revenue and profit has slowed to 7%. The stock is down 28% over the past year.
- Revenue has compounded at 35% a year over five years and 19% a year over three years. That shows Go Digit gained scale quickly in a general insurance market where few people are insured.
- Profit has compounded at 45.1% a year over five years and 148% a year over three years, as the company moved from losses to steady profits.
- ROE has risen from a 5-year average of 6% to a 3-year average of 11% and 12% in the latest year. Returns on capital are improving as the business matures.
- The company is almost debt free, so its roughly Rs 4,690 Cr of implied book equity (Rs 23,276 Cr market cap divided by 4.96x P/B) is not weighed down by leverage.
- The stock has fallen 28% over the past year. Part of the premium valuation has already come out of the price compared with a year ago.
- Other income of Rs 472 Cr is mostly investment income on the float. For an insurer this is a recurring part of the business model, not a one-off gain, and it grows as premiums and reserves grow.
- Go Digit is not paying a dividend, so it keeps all its earnings. That helps its solvency buffer and supports growth without raising fresh equity, which matters for a fast-growing insurer that needs a lot of capital.
- Growth is slowing sharply. Trailing twelve-month revenue growth of 7% is far below the 3-year CAGR of 19% and the 5-year CAGR of 35%, which raises doubts about how durable the growth story is.
- Trailing twelve-month profit growth has also slowed to 7%, from a 3-year CAGR of 148%. The steep gains from the low base appear to be over.
- At 46.9x earnings and 4.96x book value, the stock is priced for high growth, while current growth is only 7% for both revenue and profit.
- Return on equity is modest: 10.5% to 11% over three years and 12% last year. That is low compared with a price-to-book of about 5x, since investors are paying roughly 5 times book value for about 11% returns on it.
- Other income of Rs 472 Cr is close to the implied annual profit of about Rs 496 Cr (Rs 23,276 Cr market cap divided by 46.9x P/E). This suggests reported profit depends heavily on investment returns rather than underwriting, which makes it sensitive to interest rates and market moves.
- The dividend yield is 0% even though the company reports profits repeatedly, so shareholders get no cash return.
- The 5-year average ROE is only 6%, so the record of profitability is short. It is still unproven whether ROE can be sustained above the cost of equity.
- The share price has fallen 28% over one year, showing market sentiment has weakened since the stock listed.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹40.52 crore block trade Sep 25
About 1,608,125 shares changed hands on BSE at ₹252.00, worth ₹40.52 crore in total. This was a real-time large-trade signal, not a confirmed exchange-reported event, and buyer and seller identities have not yet been disclosed.
- Amalgamation scheme updated per IRDAI Sep 23
Following an IRDAI advisory, Go Digit updated its amalgamation scheme to include Section 35 of the Insurance Act, 1938. The change is procedural and does not alter the substance of the scheme.
- Independent director Aramane resigns Sep 10
Giridhar Aramane resigned as independent director effective September 10, 2026, after being appointed Chairman and Managing Director of Unitech Limited. The exit appears driven by his new role, with no governance concerns cited.
TL;DR: Recent news flow for Go Digit is mostly procedural, with no clear positive or negative fundamental triggers. A ₹40.52 crore block trade at ₹252.00 points to institutional activity, but its direction stays unclear until the parties are disclosed. The amalgamation scheme update aligns it with IRDAI guidance, and the director's exit looks routine. Going forward, watch the post-market block deal disclosures, progress on approval of the amalgamation scheme, and the board's choice of a replacement independent director.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,701 | 1,905 | 2,286 | 2,256 | 2,105 | 2,234 | 2,436 | 2,594 | 2,236 | 2,488 | 2,570 | 2,711 | 2,427 |
| Expenses | 1,643 | 1,877 | 2,243 | 2,672 | 2,004 | 2,145 | 2,318 | 2,804 | 2,077 | 2,353 | 2,408 | 3,008 | 2,313 |
| Operating Profit | 58 | 28 | 43 | -415 | 101 | 89 | 118 | -209 | 159 | 135 | 162 | -297 | 114 |
| OPM % | 3.4% | 1.4% | 1.9% | -18% | 4.8% | 4% | 4.9% | -8% | 7% | 5% | 6% | -11% | 4.7% |
| Other Income | 0 | 0 | 0 | 468 | 0 | 0 | 0 | 325 | 1 | 1 | 1 | 470 | 1 |
| 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 | 58 | 28 | 43 | 53 | 101 | 89 | 119 | 116 | 161 | 136 | 163 | 173 | 115 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% | 14% | 14% | 13% | 25% |
| Net Profit | 58 | 28 | 43 | 53 | 101 | 89 | 119 | 116 | 138 | 117 | 140 | 149 | 86 |
| EPS in Rs | 0.67 | 0.32 | 0.49 | 0.6 | 1.1 | 0.97 | 1.29 | 1.25 | 1.5 | 1.26 | 1.52 | 1.62 | 0.93 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 2,252 | 3,841 | 5,885 | 8,147 | 9,370 | 10,005 | 10,196 |
| Expenses | 2,366 | 4,124 | 5,835 | 8,416 | 9,250 | 9,825 | 10,082 |
| Operating Profit | -114 | -283 | 50 | -269 | 120 | 180 | 114 |
| OPM % | -5% | -7% | 0.9% | -3.3% | 1.3% | 1.8% | 1.1% |
| Other Income | 0 | 0 | 0 | 468 | 325 | 472 | 472 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 12 | 15 | 18 | 20 | 21 | 0 |
| PBT | -123 | -296 | 36 | 182 | 425 | 632 | 586 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 14% | — |
| Net Profit | -123 | -296 | 36 | 182 | 425 | 544 | 492 |
| EPS in Rs | -1.49 | -3.44 | 0.41 | 2.08 | 4.6 | 5.89 | 5.33 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 825 | 859 | 874 | 875 | 923 | 924 |
| Reserves | 402 | 1,119 | 1,565 | 1,844 | 3,365 | 3,738 |
| Borrowings | 0 | 0 | 0 | 350 | 350 | 350 |
| Other Liabilities | 4,777 | 8,070 | 11,050 | 13,889 | 16,823 | 19,940 |
| Total Liabilities | 6,004 | 10,048 | 13,490 | 16,958 | 21,461 | 24,952 |
| Fixed Assets | 22 | 125 | 161 | 173 | 215 | 265 |
| CWIP | 81 | 24 | 1 | 2 | 1 | 3 |
| Investments | 5,430 | 9,247 | 12,389 | 15,395 | 19,409 | 22,591 |
| 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 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 1,338 | 1,169 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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41 extracted metrics + investor summaries across FY21–FY27.
Documents
Frequently Asked Questions about Go Digit General Insurance
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Company Information
Incorporated in 2016, Go Digit General Insurance Ltd provides motor, health, and other insurances[1]
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