GODIGIT
Large CapGo Digit General Insurance Limited
Financial Services
Go Digit General Insurance is a digital full-stack non-life insurer aiming to simplify insurance through technology, innovation, and transparency. It offers motor, health, travel, property, marine, and liability insurance products, focusing on a seamless customer experience and empowering distribution partners.
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 consistent.
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 31 Mar 2026
Average · 47/100margin compression · Rev +5% YoY · PAT +28% YoY · +5% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,711 Cr | +4.5% | +5.5% |
| EBITDA | ₹-297 Cr | -42.1% | -283.3% |
| Operating margin | -11.0% | -300 bps | -1700 bps |
| PAT | ₹149 Cr | +28.4% | +6.4% |
| PAT margin | 5.5% | +103 bps | +5 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Go Digit reports strong Q4 FY26 IGAAP PBT growth of 49.1% to ₹173 crore and FY26 IGAAP PBT growth of 48.7% to ₹632 crore. Q4 Gross Direct Premium rose 21.3% YoY, while Assets Under Management increased 16.3% YoY to ₹22,922 crore.
The company delivered robust growth in profitability and premium income, alongside an improved solvency ratio. The combined ratio also showed improvement under IndAS. Continued AUM growth supports investment income, though market volatility led to unrealized losses.
GDPI Mix by Segment (FY26)
Latest issuer-disclosed distribution across 5 reported categories.
Digital Full-Stack Model
Leveraging technology for innovative product design, distribution, and customer experience as a leading digital full-stack insurer.
Diverse Product Portfolio
88 active products launched since 2017, allowing customers to customize non-life insurance products.
Expanding Partner Network
A partner network of 81,124 as of March 31, 2026, empowering distribution.
Growing Assets Under Management
AUM increased by 16.3% YoY to ₹22,922 cr, leading to higher investment income.
Fixed Income Yields & Currency
Fixed Income bond yields went up sharply in March due to higher crude oil prices and weakening currency from the Middle East war situation.
Equity Market Correction
Equity markets corrected sharply since March owing to the war situation.
Unrealized Losses
Unrealized loss of ₹54 Crore as on March 31, 2026, including ₹99 Crore from other than equity portfolio.
Regulatory Changes
Risks associated with regulatory changes pertaining to the industry and the company's ability to respond to them.
Technological Changes
Risks related to technological changes impacting business activities.
Market Risks
Exposure to market risks, general economic and political conditions in India and globally.
Competition
Changes in competition within the industry in which the company operates.
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 provides both annual (YoY) and quarterly (YoY) comparisons for key financial metrics. Annual results offer a holistic view of performance, while quarterly results indicate recent momentum and operational efficiency in premium growth and combined ratio.
Gross Direct Premium (GDPI)
Q4 FY26: ₹2,402 cr (up 21.3% YoY); FY26: ₹9,846 cr (up 16.2% YoY).
Gross Written Premium (GWP)
Q4 FY26: ₹2,736 cr (up 6.2% YoY); FY26: ₹11,294 cr (up 9.8% YoY).
Net Earned Premium
Q4 FY26: ₹2,301 cr (up 2.4% YoY); FY26: ₹8,414 cr (up 4.6% YoY).
Net Retention Ratio
FY26: 73.7% (vs 80.1% in FY25); Q4 FY26: 77.2% (vs 78.9% in Q4 FY25).
Simplifying Insurance
Management aims to make insurance simple through innovation and transparency, delivering a seamless customer experience.
Innovative Approach
Leveraging technology to power an innovative approach to product design, distribution, and customer experience for non-life insurance.
ESG Commitment
The company has Board-approved policies, including a Climate Risk Policy and an ESG Policy, to guide sustainable business practices.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Combined Ratio (IndAS) | 99.1% (Q4 FY26) | Sustained improvement and maintenance below 100%. |
| Gross Direct Premium Growth | 21.3% (Q4 FY26 YoY) | Continued double-digit growth rates. |
| Solvency Ratio | 2.42x (as of Mar 31, 2026) | Maintenance above the minimum regulatory requirement of 1.50x. |
| Loss Ratio (IGAAP) | 75.2% (Q4 FY26) | Stability or further improvement in claims management. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
41NeutralSMA20 -7.6% / mo · near 52W low
Technical chart
GODIGITweekly · 5Y-10.2%Technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 38. Wait for confirmation.
- SMA20 falling (~8.3% over last month) — short-term momentum negative.
- RSI(14) at 38 — falling, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
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 2/20 to the score.
Main drags
- Altman Z is 1.5, in distress territory.
- Fair-value margin of safety is negative at -56.1%.
- 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
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 49th percentile of the scored universe and 66th 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 1.53.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Financial Services: 66th pctile, median 62 · Large: 28th pctile, median 74
52 documents indexed, 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 1.53.
- ▸Only 0 years of positive FCF.
- ▸OPM spread across recent quarters is 18%.
- ▸Profit margin is 2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 51.40
- P/B
- 5.99
- EV/EBITDA
- 178.01
- Market Cap
- 27954.00Cr
Profitability
- ROE
- 12.10%
- ROCE
- 13.10%
- ROA
- 2.18%
- 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
- 1.53
- Book Value
- 50.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 1604.00 Cr
- EPS TTM
- 5.89
Shareholding
- Promoter Hold
- 73.01%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%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.