Risk factor
Sufficiently resilient to price shocks
Profitability factor
Greatly undervalued vs peers
About
General Insurance Corporation of India (GIC Re) functions as a prominent reinsurer, offering its services both domestically within India and across international territories. Its comprehensive suite of reinsurance products spans numerous sectors, including property, energy, and marine (specifically marine hull, cargo, and offshore energy), alongside engineering, liability, health, agriculture/weather, motor, aviation, and workers' compensation. The company actively delivers reinsurance programs and specialized solutions throughout the Afro-Asian region, with key operations in Southeast Asia, the Middle East, and Africa. This Indian entity was established in 1972 and has its corporate headquarters situated in Mumbai.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD
Target Price
The average target price of GICRE.NS is 476 and suggests 45.4% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i