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Unlisted Shares

Acko General Insurance Essentials

As of July 24, 2024, Acko General Insurance, Unlisted Shares are trading at ₹143.00 per share, with a 52-week high of ₹275 and 52-week low of ₹143. The minimun lot size is None shares, and the shares are traded on .

Face Value

₹ 10

Total Share

1,14,60,00,000

Total Income

₹ 965.82 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/B

****

Market Capitalisation

₹ 16,387.8 Cr

Enterprise Value

₹ ****

Book Value

₹ 7.64

Intrinsic Value

₹ ****

Earnings Yield

-1.93 %

Sector

Financials

Sub-sector

Insurance

Category

Unicorn

Cashflow - Operations

-₹ 19.44

Cashflow - Financing

999.95

Acko General Insurance Growth

Compounded Sales Growth

1 Year

4 Year

6 Year

Return On Equity

2018

2021

2023

Highlights

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  • Revenue Growth:- Since its establishment in 2017, the company has experienced an impressive compound annual growth rate (CAGR) of 361.47% till FY23. However, the outbreak of Covid-19 caused a surge in the number of claims, leading to an increase in the company's expenses. This created a gap between the company's topline and bottom-line. Additionaly, In FY23, Revenue of the company increased by 97.85% but Net profit declined by 44.18%.
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  • Premium Growth:- In last 5 years company witnessed a 60.46% CAGR growth of Gross Direct Premium, in FY23 the company saw a 87.80% growth in Net Written Premium.
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  • Solid Solvency:- In FY23, company reported above average solvency margin of 2.75x which is well above the IRDAI prescribed margin of 1.5x.
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  • Exploring New Horizons:- Company has received a nod from IRDAI for commencement of Life insurance business hence will be operating in life insurance space along with general insurance which will help it have healthy returns on investments and cross selling.
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  • Investment Thesis:- Although the company's revenue has been increasing at a stable rate, its profits have declined by an average annual rate of 288.64% over the past 6 years. This decline is mainly due to the combined ratio of 155%, indicating significant losses from the underwriting business. Moreover, the company's negative return on net worth of -70.71% is also a concerning factor. In terms of valuation, the company is currently overvalued with a P/B of 18.7x compared to its peers average P/B of 3.5x. (Peers taken are Reliance General Insurance, ICICI Lombard General Insurance, New India Assurance, and General Insurance Corporation.) 
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  • Star Investors:- The company is backed by bigwigs like Amazon, Accel Partners, Catamaran Ventures, Elevation Capital, RPS Ventures, General Atlantic and Mr. Binny Bansal.​

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹