Go Digit General Insurance Limited (GODIGIT)
Large CapFinancial Services stocks · Large cap · NSE
Go Digit General Insurance Limited aims to simplify insurance through innovation and transparency, delivering a seamless customer experience. As a leading digital full-stack insurer, it leverages technology for product design, distribution, and customer experience in non-life insurance. It offers motor, health, travel, property, marine, liability, and other customizable insurance products.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 0/100PAT -38% YoY · margin compression · Rev +9% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,427 Cr | +8.5% | -10.5% |
| EBITDA | ₹114 Cr | -28.3% | +138.4% |
| Operating margin | 4.7% | -230 bps | +1570 bps |
| PAT | ₹86 Cr | -37.7% | -42.3% |
| PAT margin | 3.5% | -263 bps | -196 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q1 FY27 saw a decline in Gross Written Premium (-8.4% YoY) and Profit After Tax (-5.0% YoY), despite Net Earned Premium growing 7.6%. The Combined Ratio worsened to 107.2% from 104.6% YoY. Solvency remained strong at 2.43x, and Assets Under Management grew 14.2% YoY.
Management stated a focus on profitability discipline over growth in a soft market. However, the decline in GWP and PAT, coupled with a worsening Combined Ratio, suggests challenges in executing this strategy effectively or that market conditions are more severe than anticipated, impacting underwriting profitability.
GDPI Mix by Segment (Q1 2027)
Latest issuer-disclosed distribution across 5 reported categories.
High-quality customer experience
The company lists high-quality customer experience as a business strength.
Predictive underwriting models
The company highlights its predictive underwriting models as a key business strength.
Focus on empowering distribution partners
The company emphasizes its focus on empowering distribution partners as a business strength.
Advanced technology platform
An advanced technology platform is identified as a core business strength.
Expanding Asset Base
The company's expanding asset base is driving higher investment returns.
Strong Solvency
The company's solvency ratio remains strong at 2.43x, well above the regulatory minimum.
Soft Market Conditions
Management noted operating in a 'soft market', influencing their strategy of prioritizing profitability discipline over growth.
Regulatory Changes
Forward-looking statements are subject to risks from regulatory changes pertaining to the industry and the company's ability to respond.
Competition
Actual results may differ due to changes in competition in the industry in which the company operates.
Market Risks
The company is exposed to market risks, general economic and political conditions in India and globally.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The document explicitly provides Q1 FY27 data compared to Q1 FY26, which is a year-on-year comparison. This is suitable for assessing performance trends in a general insurance business, which can have seasonal elements or longer-term trends.
Net Earned Premium Growth
In Q1 2027, Net Earned Premium grew 7.6% YoY to ₹ 2,007 cr from ₹ 1,865 cr in Q1 2026.
Gross Written Premium Growth
In Q1 2027, Gross Written Premium de-grew 8.4% YoY to ₹ 2,731 cr from ₹ 2,982 cr in Q1 2026.
Combined Ratio (with DAC)
Combined Ratio on NEP with DAC for Q1 2027 was 107.2%, compared to 104.6% in Q1 2026, indicating worsening underwriting profitability.
Loss Ratio
Loss Ratio increased to 73.3% in Q1 FY27 from 70.3% in Q1 FY26.
Profitability Discipline
Management stated a strategic focus on 'Profitability Discipline Over Growth in a Soft Market' for the quarter.
Ind AS Adoption
Digit is the first multi-line insurer to declare results as per Ind AS standards, as prescribed by IRDAI.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Gross Written Premium (GWP) Growth | -8.4% YoY (Q1 FY27) | Reversal of negative growth trend and alignment with industry growth. |
| Combined Ratio | 107.2% (Q1 FY27) | Improvement towards underwriting profitability (below 100%) to demonstrate effective 'profitability discipline'. |
| Profit After Tax (PAT) Growth | -5.0% YoY (Q1 FY27) | Return to positive growth, indicating successful execution of profitability strategy. |
| Solvency Ratio | 2.43x (Q1 FY27) | Maintenance above regulatory minimum and stability, reflecting capital adequacy. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
26Bearishfull bear SMA stack · SMA20 -5.2% / mo · MACD + · near 52W low
Technical chart
GODIGITdaily · 1Y · AUTO-20.2%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 44.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~5.5% over last month) — short-term momentum negative.
- RSI(14) at 44 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 32% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 15.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.8%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Growth contributes 22/25 to the score.
- Balance sheet contributes 5/15 to the score.
- Quality contributes 5/20 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Fair-value margin of safety is negative at -74.6%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Insurance valuation: embedded value and VNB quality
Insurance economics depend on long-duration book value and new-business profitability.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 56th percentile within Financial Services. Main check: cash conversion is weak at 43/100.
Healthy Trust Lite: Promoter holding is 73%. Key concern: Altman Z is 1.42.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Financial Services: 56th pctile, median 62 · Large: 20th pctile, median 73
50 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 73%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.08.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Altman Z is 1.42.
- ▸Only 0 years of positive FCF.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 18%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 48.50
- P/B
- 5.12
- EV/EBITDA
- 212.56
- Market Cap
- 23882.00Cr
Profitability
- ROE
- 12.20%
- ROCE
- 13.10%
- ROA
- 1.97%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 35.00%
- EPS 5Y
- 45.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 112.50%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- —
- Altman Z
- 1.41
- Book Value
- 50.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 1604.00 Cr
- EPS TTM
- 5.33
Shareholding
- Promoter Hold
- 73.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 10%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.