IndusInd General Insurance Unlisted Shares
IndusInd General Insurance, formerly Reliance General Insurance, is a Mumbai-based non-life insurer licensed since 2000. It wrote gross premium of ₹12,743.11 crore in FY26 across motor, health, fire and other lines.
Read the full company profileIndusInd General Insurance share details
- Lot size
- 1,000 shares
- Min. investment
- ₹550,000
- Face value
- ₹10
- Implied market cap
- ₹15,227 Cr
- Shares outstanding
- 276,851,308
- Founded
- 2000
- Headquarters
- Mumbai, Maharashtra
- Website
- indusindinsurance.com
- ISIN
- INE124D01014
- CIN
- U66603MH2000PLC128300
- Lock-in after IPO
- 6 months
IndusInd General Insurance share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About IndusInd General Insurance
Strengths
- Gross written premium of ₹12,743.11 crore in FY26 makes it a large general insurer; excluding crop insurance the company reports 12.99% growth.
- Net worth rose to ₹3,919.13 crore in FY26 from ₹3,428.60 crore, helped by a ₹400 crore equity infusion from its promoters.
- Solvency ratio was 1.73 times at March 31, 2026, above the 1.5 times IRDAI minimum and up from 1.59 times a year earlier.
- Book value per share improved to ₹141.56 from ₹129.42 in FY25.
- Income from investments grew to ₹298.25 crore in FY26 from ₹265.35 crore, adding to underwriting results.
Risks
- Profit after tax fell to ₹90.81 crore in FY26 from ₹315.44 crore, and basic EPS dropped to ₹3.39 from ₹11.91.
- Cash flow from operating activities was negative at ₹438.10 crore in FY26 (₹714.44 crore negative in FY25), so operations did not fund themselves.
- Borrowings rose to ₹963.83 crore from ₹230.00 crore, adding interest cost and repayment obligations.
- Net written premium fell to ₹6,797.55 crore from ₹7,248.72 crore, and gross premium growth was flat because of lost crop insurance business.
- Net incurred claims were ₹5,809.17 crore, so the business depends heavily on claims experience and large single claims can hit profit.
- The ownership changed after Reliance Capital's insolvency process ended in March 2025, and old employee stock options were extinguished under NCLT orders, which can affect staff retention.
- A planned bonus issue was rescinded in March 2026, and the company has relied on promoter capital infusions to support growth.
- The CEO's maximum tenure ends on October 19, 2026, so leadership changes soon.
- Unlisted share prices are indicative, off-market and thinly traded, so exit may be hard.
IndusInd General Insurance financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY26Latest | FY25 | FY24 |
|---|---|---|---|
| Revenue (₹ Cr) | 12,743 | 12,667 | 11,830 |
| PAT (₹ Cr) | 91 | 315 | 280 |
| PAT Margin (%) | 0.71 | 2.49 | 2.37 |
| RoNW (%) | 2.32 | 9.20 | 9.01 |
| EPS (₹) | 3.39 | 11.91 | 10.59 |
| Book Value (₹) | 141.56 | 129.42 | 117.80 |
| Debt / Equity | 0.25 | 0.07 | — |
| Total Assets (₹ Cr) | 27,279 | 24,643 | 22,834 |
| Net Worth (₹ Cr) | 3,919 | 3,429 | 3,112 |
Swipe the table sideways for earlier years →
Management team
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Indicative off-market price, not an exchange quote. Read the disclaimer.
IndusInd General Insurance unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
