NSE: GODIGIT · BSE: 544179
GO DIGIT GENERAL INS LTD
Sells general insurance policies across motor, fire, health, crop, and specialty commercial lines to retail and corporate customers in India. In Q1 FY27, gross written premium was Rs 2,731 cr, with motor market share deliberately cut to 5.6% (down from 6.25% in FY26) as the company prioritised underwriting profitability over top-line growth in a soft pricing market. Within motor, the commercial vehicle book was reduced to 23-24% of motor and two-wheeler retail is the growing franchise; fire grew 34% YoY in FY26 (excluding fire itself) and specialty commercial lines are a new growth engine targeted at Rs 1,000 cr premium over 3-5 years. The combined ratio stood at 105.7% in FY26 and worsened to 112.3% in Q1 FY27, with claims (loss ratio of 73.3%) and commissions being the swing factors — operating expenses ran at 39% of premium, exceeding IRDAI's Expense of Management ceiling and prompting the company to seek forbearance rather than write loss-making business. The insurer is the first multi-line general insurer in India to publish results under Indian Accounting Standards, manages Rs 23,377 cr of AUM, and reports a solvency ratio of 2.43x, comfortably above the regulatory floor. A pending amalgamation with Go Digit Infoworks Services has received CCI approval (Fairfax affiliates would hold 57.28% post-merger), but still awaits NCLT and IRDAI clearances. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Motor insurance, Health insurance, Fire and engineering insurance, Crop insurance, Specialty commercial lines. Cyclical general insurer in a soft pricing phase, prioritising underwriting discipline and combined-ratio improvement over top-line growth
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | — | — |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | 425 | 544 |
| EPS, as reported (₹) | — | — |
| ROE % · ROCE % | — · — | — · — |
| Debt / equity (x) | — | — |
| Cash from operations | 1,604 | 2,026 |
| Capex | (18) | (17) |
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Profit before tax | — | — | — | — | — | — |
| Net profit | 116 | 138 | 117 | 140 | 149 | 86 |
| EPS (₹) | — | — | — | — | — | — |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GO DIGIT GENERAL INS LTD ◆ | — | — | — | — | — | — | — | — |
| THE NEW INDIA ASSU CO LTD | — | — | — | — | — | — | — | — |
| STAR HEALTH & AL INS CO L | — | — | — | — | — | — | — | — |
| ICICI LOMBARD GIC LIMITED | — | — | — | — | — | — | — | — |
| GENERAL INS CORP OF INDIA | — | — | — | — | — | — | — | — |
| NIVA BUPA HEALTH INS CO L | — | — | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | (37.5) | 21.9 | 10 of 12 | 18% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · CRISIL reaffirms AA- rating and improves outlook to positive | credit debt | medium | — | — |
| 15 Oct 2026 · Promoter Fairfax declared Strategic Buyer for IDBI Bank; Digit to be contributed | strategic transactions | critical | — | — |
| 14 Oct 2026 · Routine compliance certificate under SEBI Depository Regulations for Jul-Sep 2026 quarter | compliance | minimal | — | — |
| 30 Sept 2026 · Newspaper notice for shareholder meet on Go Digit Infoworks amalgamation | compliance | minimal | — | — |
| 29 Sept 2026 · Newspaper notice for shareholder meeting on amalgamation scheme | compliance | minimal | — | — |
| 28 Sept 2026 · NCLT-ordered shareholders meet on 5 Nov for Infoworks amalgamation | strategic transactions | medium | — | — |
| 28 Sept 2026 · EGM on 5 Nov 2026 for amalgamation of Go Digit Infoworks with Go Digit General Insurance | strategic transactions | medium | — | — |
| 25 Sept 2026 · Trading Window Closure from 1 October 2026 | compliance | minimal | — | — |
| 24 Sept 2026 · CRISIL reaffirms Go Digit AA-minus rating with developing watch | credit debt | medium | — | — |
| 23 Sept 2026 · Amalgamation scheme updated as per IRDAI advisory on Insurance Act | strategic transactions | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.