Past 10 year's financial track record analysis by Moneyworks4me indicates that Go Digit General Insurance Ltd is a average quality company.
The key valuation ratios of Go Digit General Insurance Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Go Digit General Insurance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -223.5% | -50.6% | -71.9% | -21.8% | -10.8% | -19.4% | 1.7% | 7% | - |
| Value Creation Index ⓘ | -20.9 | -5.5 | -7.4 | -2.9 | -2.0 | -2.7 | -0.9 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | - |
| Adj EPS ⓘ | -6.9 | -2 | -4.4 | -2.2 | -1.5 | -3.4 | 0.4 | 2.1 | 5.3 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | 407.3% | - |
| BVPS (₹) ⓘ | 3.1 | 7.8 | 7.1 | 13.8 | 14 | 22 | 26.6 | 28.7 | 47.4 |
| Adj Net Profit ⓘ | -6.2 | -70.1 | -271 | -175 | -123 | -296 | 35.6 | 182 | 484 |
| Cash Flow from Ops. ⓘ | -4.7 | 15.3 | 644 | 1,199 | 1,563 | 2,471 | 2,250 | 1,720 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | 407.3% | ||||
| BVPSⓘ | NA | 32.2% | 27.2% | 8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7.4 | - |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -309 |
Return on Equity has increased versus last 3 years average to 13.80%
Sales growth is good in last 4 quarters at 19.92%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.3 | - |
| TTM Sales (₹ Cr.) | 7,096 | - |
| BVPS (₹.) ⓘ | 47.4 | - |
| Reserves (₹ Cr.) ⓘ | 3,445 | - |
| P/BV ⓘ | 6.67 | - |
| PE ⓘ | 60.11 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 277.80 / 407.55 |
| All Time Low / High (₹) | 277.80 / 407.55 |
| Market Cap (₹ Cr.) | 29,105 |
| Equity (₹ Cr.) | 921.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Income From Investments | 0 | 18 | 32 | 54 | 67 | 82 | 105 | 172 |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Expenses | 6 | 5 | 3 | 3 | 4 | 2 | 4 | 475 |
| Profit Before Tax | -6 | -70 | -271 | -175 | -123 | -296 | 36 | 182 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -6 | -70 | -271 | -175 | -123 | -296 | 36 | 182 |
| Adjusted EPS (₹) | -6.92 | -2 | -4.01 | -2.15 | -1.49 | -3.44 | 0.41 | 2.08 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 9 | 350 | 675 | 817 | 825 | 859 | 874 | 875 | ||
| Reserve and Surplus | -6 | -76 | -195 | 314 | 328 | 1,034 | 1,451 | 1,640 | ||
| Fair Value A/C | 0 | 0 | -1 | -15 | 50 | 84 | 87 | 150 | ||
| Borrowings ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Policy Holders Fund | 0 | 0 | 0 | -3 | 3 | 1 | 2 | 23 | ||
| Funds For Appropriations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total Liabilities ⓘ | 3 | 274 | 479 | 1,113 | 1,230 | 1,978 | 2,441 | 3,070 | ||
Assets | ||||||||||
| Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total Net block | 0 | 5 | 13 | 20 | 22 | 125 | 161 | 160 | ||
| Total Assets ⓘ | 3 | 274 | 479 | 1,113 | 1,230 | 1,978 | 2,441 | 3,070 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5 | 15 | 644 | 1,199 | 1,563 | 2,471 | 2,250 | 1,720 |
| PBT ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustment ⓘ | -5 | 24 | 776 | 1,529 | 2,019 | 3,021 | 3,167 | 2,558 |
| Changes in Working Capital ⓘ | -0 | -2 | -0 | -2 | -0 | 0 | -1 | -14 |
| Tax Paid ⓘ | 0 | -6 | -131 | -328 | -455 | -550 | -916 | -824 |
| Cash Flow From Investing Activity ⓘ | -3 | -324 | -1,040 | -2,057 | -1,637 | -3,487 | -2,514 | -1,986 |
| Capex | 0 | -5 | -11 | -77 | -27 | -50 | -20 | -16 |
| Net Investments | -3 | -323 | -1,059 | -2,119 | -1,907 | -3,850 | -3,130 | -2,881 |
| Others ⓘ | 0 | 5 | 29 | 138 | 297 | 413 | 636 | 912 |
| Cash Flow From Financing Activityⓘ | 9 | 341 | 475 | 820 | 159 | 1,003 | 397 | 342 |
| Net Proceeds from Shares ⓘ | 9 | 341 | 475 | 820 | 159 | 1,003 | 397 | -2 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350 |
| Net Cash Flow ⓘ | 1 | 33 | 79 | -39 | 86 | -13 | 133 | 77 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | ||||||||||
| ROCE (%) | ||||||||||
| Asset Turnover Ratio | 0 | 0.05 | 1.33 | 1.56 | 1.66 | 2.12 | 2.34 | 2.58 | ||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | 62.5 | 9.45 | Working Capital Days | |
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
The company was incorporated as ‘Oben General Insurance Limited’ at Pune, Maharashtra, under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 7, 2016, issued by the Registrar of Companies, Maharashtra at Pune (RoC). Subsequently, pursuant to a resolution of its Board dated May 23, 2017 and a resolution of its Shareholders dated May 23, 2017, the name of the company was changed from ‘Oben General Insurance Limited’ to ‘Go Digit General Insurance Limited’, and a fresh certificate of incorporation under the Companies Act, 2013 was issued by the RoC on June 12, 2017.
The company is one of the leading digital full stack insurance companies, leveraging its technology to power what it focuses to be an innovative approach to product design, distribution and customer experience for non-life insurance products. Full-Stack Insurers are insurance firms that are fully licensed and controlled by a regulatory authority and perform sourcing, underwriting and servicing all in-house. Digital full stack insurers are insurance manufacturing companies that focus on integrating technology in their operations. The company offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which the customers can customize to meet his or her needs. As a digital full stack insurance company, it deploys a combination of insurance and technology solutions to assist in enrolment, insurance claims processing, underwriting, policy administration, data insights and fraud detection. The company also offer its products directly to customers through its website and through web aggregators. Since the commencement of its operations, in relation to its motor vehicle insurance, it has focused on underwriting policies and collecting data in states or areas containing prospective customers with more preferred risk profiles, in compliance with applicable data protection norms.
The company’s technology platform supports its product design by enabling the incorporation of a modular product architecture and provides the backbone for its application program interfaces (API), applications, portals and website that allow customers and partners to engage with it conveniently. Its insurance products, supported by its technology platform, help its customers to secure the right coverage to protect the things they love at a price that suits their budget and empower its distribution partners to improve their sales process and productivity. These technologies enable it to achieve underwriting in an efficient manner, which is a differentiator among insurers. Further, the company uses various data points when underwriting insurance for a new customer which will vary depending on the type of insurance. Relevant material data points may include the vehicle make, model, subtype and vehicle value, the address and name of the customer, the scope of coverage and the age of the customer.
Further harnessing its technology platform, it has developed predictive underwriting models that leverage the insights gathered by its data bank. Its predictive underwriting models aid it in determining and targeting the markets and customers in India that are expected to be more profitable and hence, allows it to accurately price its coverage. It also has modular APIs that allow it to share data between its systems and its partners’ third-party website and/or portal in a specified manner, allowing it to reduce human intervention. It integrates APIs in its business across products for policy issuance, policy servicing, payments and claims. Its blend of a simple and tailored customer experience, technological integration and pricing enjoys broad appeal, including for customers who are new to purchasing insurance.
Business area of the company
The company is an insurance provider offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which customers can customize to meet their needs.
Key awards, accreditations or recognitions
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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