I’ve been keeping an eye on General Insurance Corporation of India (NSE:GICRE) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe GICRE has a lot to offer. Basically, it is a financially-robust company with a a great track record superior dividend payments, trading at a discount. Below is a brief commentary on these key aspects. If you’re interested in understanding beyond my high-level commentary, read the full report on General Insurance of India here.
Excellent balance sheet, good value and pays a dividend
Looking at GICRE’s capital structure, the company has no debt on its balance sheet. It has only utilized funding from its equity capital to run the business, which is rather impressive for a ₹477b market cap company. Investors’ risk associated with debt is virtually non-existent and the company has plenty of headroom to grow debt in the future, should the need arise. GICRE’s shares are now trading at a price below its true value based on its PE ratio of 15.17x, compared to the industry and wider stock market ratio, which means it is relatively cheaper than its peers.
GICRE’s high dividend payments make it one of the best dividend stocks on the market, and its profitability ensures that dividends are well-covered by its net income.
For General Insurance of India, I’ve compiled three pertinent factors you should further research:
- Future Outlook: What are well-informed industry analysts predicting for GICRE’s future growth? Take a look at our free research report of analyst consensus for GICRE’s outlook.
- Historical Performance: What has GICRE’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of GICRE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at email@example.com.