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Unlisted Shares
Go Digit General Insurance Essentials
As of July 27, 2024, Go Digit General Insurance, Listed Shares are trading at ₹None per share.
ISIN
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The numbers are allocated by a country's respective national numbering agency (NNA).
Face Value
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total Share
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
Total Income
Gross income refers to the total income earned by an individual on a pay check before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
Profit After Tax
It is the final profit left over after subtracting all operating and non operating items from net revenue.
EPS
It is the profit allocated to each outstanding share of common stock.
Enterprise Value
It measures companys total value, which includes market capitalization, debt and excludes cash.
Book Value
It calculates the per share value of a company based on its equity available to common shareholders
Intrinsic Value
Intrinsic value is the anticipated value of a company or stock determined through fundamental analysis. It is also referred to as the price a rational investor is willing to pay for an investment, given its level of risk.
Sector
A sector is an area in which businesses share the same or a related product or service. It can also be known as an industry or market that shares common operating characteristics
Sub-sector
Subsectors are the divisions of a sector. They are areas that vary from the rest of the sector substantially enough to justify creating a plan just for the subsector.
Category
Category is defined as a class or division of things regarded as having particular shared characteristics.
Cashflow - Operations
It indicates the amount of money a company brings in from its ongoing and regular operations over a fixed period of time.
Cashflow - Financing
It shows the net flows of cash that are used to fund the company, which include transactions involving debt, equity, and dividends.
Go Digit General Insurance Growth
Compounded Sales Growth
1 Year
4 Year
6 Year
Return On Equity
2018
2021
2023
Highlights
- Growing Top and Bottom Line:- Company's top line compounded by 662.67% over last 6 years from 0.03 Cr. to 5,885.87 Cr. and company also turned a positive bottom line having 88% growth in FY23.
- Premium Growth:- In FY23, GDPI (Gross Direct Premium Income) of the company grew by 31.80%, over the last 5 years Gross written premium increased at an annualized rate of 43.14% and Net Written Premium also grew at an annualized rate of 43.97%.
- Improved solvency and profitability:- In FY23, company was able to reduce its Loss ratio from 74.02% to 67.23% hence the combined ratio came down to 107.42%, on the solvency front company has maintained an adequate solvency margin 1.78x.
- Technology-driven Customer experience:- The company has brought lots of technological innovations in the company. Through its technology, the company has reduced the time from FNOL (First Notice of Loss) to VOR (Vehicle Order Repair) to 13.31 hours which is 2.8 times faster than claims done without using their system. The company also has more than 470 bots to handle certain tasks end-to-end and 56.6% of their policies were issued Via APIs (Application Programming Interface).
- Investment Thesis: The company is one of the largest growing digital insurance providers in the country and has grown by 30% (Revenue basis) in FY23., Go Digit is increasing its profitability and expanding its customer base to rural areas, especially in Tier II and Tier III. Go Digit is trading at a P/B of 8.8x as compared to its competitors average P/B of 2.2x. Additionally, Go Digit is trading at a P/E of 765.9x as compared to Its peers average P/E of 24.6x, which implies company is currently overvalued. ( Peers taken are New India Assurance, ICICI Lombard General Insurance Company, General Insurance Corporation of India, and Reliance General Insurance Company.)
- Notable Investor profile:- Digit Insurance has 8 institutional investors including Fairfax Financial Holdings, TVS Capital funds and India Infoline. Virat Kohli and Anushka Sharma are also Angel Investors in the company.
Business Rating
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Our Team
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, Min. Investment: ₹