Go Digit Share Price Target 2023, 2024, 2025, 2026, 2028, 2030, and 2040

In this article, we’ll talk about Go Digit share price target for 2023, 2024, 2025, 2026, 2028, 2030, and 2040, which has recently been listed in the stock market. Along with this, we’ll also analyze the fundamentals of the company, which help you to make investment decisions.

What is Go Digit General Insurance

Go Digit General Insurance is an insurance company that serves customers in India by providing various insurance products like motor, health, travel, mobile, property, marine, liability etc. The company was established in 2016 and the promoter of the company is Kamlesh Goyal. Big personalities like Virat Kohli and Anushka Sharma have also invested in this company.

Go Digit General Insurance Listing date

Go Digit General Insurance company was listed on NSE and BSE on 23rd of this month (23 May, 2024), the issue price of the company was ₹258 – ₹272 per share.

Open Date15 May, 2024
Close Date17 May, 2024
Lot Size55
Minimum Investment₹14,960.00
Issue Price₹258 – ₹272
Listing Date23 May, 2024
Listing OnBSE, NSE
Issue Size₹2,614.65 Cr
Face Value₹10
Total Shares Offered96,126,687
Offered To Public9,612,669
Retail Max (Shares/Amount)770 / ₹209,440

Go Digit General Insurance Share Price History

The company has been listed in the Indian share market just a few days ago, after the listing itself there has been a good jump in its share price. Today on 26 May 2024, the share price of the company is Rs 300. The company’s share price has increased by Rs 14 since listing.

Go Digit General Insurance Share Price Growth Chart

Go Digit General Insurance Ltd. Share Price growth chart

Go Digit General Insurance Fundamental

The company’s fundamentals are week and its market cap is ₹27346 crore. Although the profitability metrics are low, with an ROE of 1.09% and ROCE of 1.61%, this suggests that Go Digit General Insurance is currently able to generate modest returns on its equity and capital employed. The P/B ratio of 7.73 indicates that the market values ​​the company more than its book value. This could mean that investors’ confidence in future growth will increase.

The company has registered a sales growth of 53.24% compared to last year. With this, the company has taken a huge leap with profit growth of 112%. The company’s EPS is 0.39 which suggests that the company is either breaking even or reinvesting its profits back into the business, which is common for growth-focused companies. but it also means that it is not currently generating distributable income.

Company NameGo Digit General Insurance Ltd.
SectorLife & Health Insurance
Mkt Cap₹27,346Cr
Listing AtNSE and BSE
52 Week High314.00
52 Week Low280.00
P/E Ratio (TTM)764.49
P/B Ratio7.73
Face Value10
Book Value38.59
EPS (TTM)0.39
Dividend Yield0.00%
Net Sales5,886
Sales Growth53.24%
Net Profit (Anual)35.55
Profit Growth112%

Go Digit General Insurance Profit/Loss – Last 3 Years Report

Income Report

INCOMEMar 23 (Rs. Cr.)Mar 22 (Rs. Cr.)Mar 21 (Rs. Cr.)
Period12 months12 months12 months
Revenue From Operations [Gross]5,163.673,404.231,943.69
Less: Excise/Service Tax/Other Levies0.000.000.00
Revenue From Operations [Net]5,163.673,404.231,943.69
Other Operating Revenues110.9987.7475.29
Total Operating Revenues5,274.673,491.972,018.98
Other Income611.03349.00233.01
Total Revenue5,885.703,840.972,251.99


EXPENSESMar 23 Mar 22 Mar 21
12 months12 months12 months
Cost Of Materials Consumed0.000.000.00
Purchase Of Stock-In Trade0.000.000.00
Purchase of Crude Oil And Others0.000.000.00
Cost of Power Purchased0.000.000.00
Cost Of Fuel0.000.000.00
Aircraft Fuel Expenses0.000.000.00
Aircraft Lease Rentals0.000.000.00
Operating And Direct Expenses0.000.000.00
Changes In Inventories Of FG, WIP And Stock-In Trade0.000.000.00
Employee Benefit Expenses224.56182.99132.38
Finance Costs21.4912.387.61
Provisions and Contingencies0.00-0.050.00
Depreciation And Amortisation Expenses15.1412.458.97
Miscellaneous Expenses Written Off0.000.000.00
Other Expenses5,588.973,929.062,225.79
Less: Inter Unit / Segment / Division Transfer0.000.000.00
Less: Transfer to / From Investment / Fixed Assets / Others0.000.000.00
Less: Amounts Transfer To Capital Accounts0.000.000.00
Less: Share of Loss From Partnership Firm0.000.000.00
Total Expenses5,850.154,136.822,374.75
All data is taken from moneycontrol

Go Digit General Insurance Profit/Loss

Go Digit’s total revenue in 2023 was Rs 5885.70 on which the company had a profit of Rs 35.5Cr. If we look at the company’s revenue of the previous two years, its total revenue in 2021 and 2022 was Rs 3840.97Cr and Rs 2251.99Cr respectively, in both these years the company had a loss of Rs 122.76Cr and Rs 295.85 Cr respectively.

Profit & Tax DetailsMar 23 (Rs. Cr.)Mar 22 (Rs. Cr.)Mar 21 (Rs. Cr.)
Profit/Loss Before Exceptional, Extraordinary Items And Tax35.55-295.85-122.76
Exceptional Items0.000.000.00
Profit/Loss Before Tax35.55-295.85-122.76
Profit/Loss After Tax And Before Extraordinary Items35.55-295.85-122.76
Profit/Loss From Continuing Operations35.55-295.85-122.76
Profit/Loss For The Period35.55-295.85-122.76
All data is taken from moneycontrol

Other Additional Information

Period12 months12 months12 months
Basic EPS (Rs.)0.41-3.55-1.50
Diluted EPS (Rs.)0.40-3.55-1.50

Go Digit General Insurance Balance Sheet – Last 3 Years Report

Equitie and Liabilities

SHAREHOLDER’S FUNDSMar 23 (Rs. Cr.)Mar 22 (Rs. Cr.)Mar 21 (Rs. Cr.)
12 months12 months12 months
Equity Share Capital874.02859.01824.69
Preference Share Capital0.000.000.00
Total Share Capital874.02859.01824.69
Revaluation Reserves0.000.000.00
Reserves and Surplus1,565.141,118.61378.30
Total Reserves and Surplus1,565.141,118.61378.30
Money Received Against Share Warrants0.000.000.00
Employees Stock Options0.000.000.00
Total Shareholders Funds2,439.161,977.621,202.99
Equity Share Application Money0.000.0023.88
Preference Share Application Money0.000.000.00
Share Capital Suspense0.000.000.00
Hybrid/Debt/Other Securities0.000.000.00
Statutory Consumer Reserves0.000.000.00
Special Appropriation Towards Project Cost0.000.000.00
Service Line Contribution From Consumers0.000.000.00
Government/Other Grants0.000.000.00
Long Term Borrowings0.000.000.00
Deferred Tax Liabilities [Net]
Other Long Term Liabilities2.280.532.91
Long Term Provisions0.000.000.00
Total Non-Current Liabilities2.280.532.91
Foreign Currency Monetary Item Translation Difference A/C0.000.000.00
Short Term Borrowings0.000.000.00
Trade Payables0.000.000.00
Other Current Liabilities7,982.465,751.843,236.35
Short Term Provisions3,065.662,317.751,537.99
Total Current Liabilities11,048.128,069.584,774.34
Total Capital And Liabilities13,489.5610,047.736,004.12


NON-CURRENT ASSETSMar 23 (Rs. Cr.)Mar 22 (Rs. Cr.)Mar 21 (Rs. Cr.)
12 months12 months12 months
Tangible Assets160.61124.7321.58
Intangible Assets0.000.000.00
Capital Work-In-Progress1.4023.7780.83
Intangible Assets Under Development0.000.000.00
Other Assets0.000.000.00
Construction Stores0.000.000.00
Mining Development Expenditure0.000.000.00
Assets Held For Sale0.000.000.00
Fixed Assets162.00148.50102.41
Non-Current Investments12,389.069,247.365,430.22
Deferred Tax Assets [Net]
Long Term Loans And Advances0.000.000.00
Other Non-Current Assets0.000.000.00
Total Non-Current Assets12,551.069,395.865,532.63
Foreign Currency Monetary Item Translation Difference A/C0.000.000.00
Current Investments0.000.000.00
Trade Receivables0.000.000.00
Cash And Cash Equivalents279.30146.52159.89
Short Term Loans And Advances659.19505.35311.60
Other Current Assets0.000.000.00
Total Current Assets938.49651.87471.49
Total Assets13,489.5610,047.736,004.12
All data is taken from moneycontrol

Go Digit Share Price Target 2024, 2025, 2026, 2028, 2030, and 2040

Go Digit Share Price Target 2023

Go Digit was not listed in the stock market in 2023, this company was listed in the stock exchange on 23 May 2024.

Go Digit Share Price Target 2024

MonthMinimum Target (₹)Maximum Target (₹)
Go Digit Share Price Target 2024

Also Read: IRFC Share Price Target 2024, 2025, 2026, 2028, 2040 and 2050

Go Digit Share Price Target 2025

MonthMinimum Target (₹)Maximum Target (₹)
Go Digit Share Price Target 2025

Go Digit Share Price Target 2026

MonthMinimum Target (₹)Maximum Target (₹)
Go Digit Share Price Target 2026

Go Digit Share Price Target 2028

MonthMinimum Target (₹)Maximum Target (₹)
Go Digit Share Price Target 2028

Also Read: Jio Financial Services Share Price Target 2024, 2025, 2026, 2030, 2040, 2050

Go Digit Share Price Target 2030

MonthMinimum Target (₹)Maximum Target (₹)
Go Digit Share Price Target 2030

Go Digit Share Price Target 2040

MonthMinimum Target (₹)Maximum Target (₹)
Go Digit Share Price Target 2040

How to Buy Go Digit Share

Before buying or selling shares of Go Digit General Insurance Company, you will have to open a demat account. There are many brokers registered by SEBI in India. Names of some brokers are mentioned below. Investors can open their demat account and buy shares of any company in NSE and BSE market.

  • Zerodha
  • Groww
  • Angel One
  • Upstox

Shareholding Pattern of Go Digit

Promoter & Promoter Group73.58
Other Domestic Institutions 12.27
Retail and Others7.33
Foreign Institutions 4.31
Mutual funds 2.50

Latest News

1. Based on gray market activity in the last 12 sessions, investorgain claims that the current GMP for the company’s IPO is indicating below ₹22.50.

2. According to Mint, Brokerage firm has given Sell rating which indicates 31.4% decline in its shares. Due to which its share will reach ₹ 210.

Opinion of market expert Anil Singhvi


  • As of December 31, 2023, the company had approximately 61,972 principal distribution partners, including 58,532 POSPs, individual agents, corporate agents and brokers. Additionally, it serves customers through its website and web aggregators.
  • The company’s paperless processes reduce the hassle of applying for coverage and submitting claims, making its insurance simple.
  • As of December 31, 2023, the company had 43.26 million customers, which included 27.74 million motor insurance customers, 14.97 million health insurance customers (including personal accident and travel), and 0.55 million customers for other insurance products.
  • According to RHP, the company has developed predictive underwriting models, these models help identify and target more profitable markets and customers, allowing accurate pricing of coverage.
  • The company’s Net Promoter Score as of December 31, 2023 was 73.3% for non-claims and 93.1% for promoter claims, indicating high customer satisfaction.
  • Assets under management (AUM) increased to ₹14909 crore as on December 31, 2023 from ₹12,668 crore as on March 31, 2023.


  • The company reported losses of Rs 295.85 crore and Rs 122.76 crore in financial years 2021 and 2022, respectively.
  • Due to its limited operating history, it is challenging to accurately evaluate the company’s future business prospects.
  • The brokerage firm rated the company’s valuation on Dalal Street as high, and predicted the valuation will fall.
  • There are several legal proceedings underway against the promoters and directors of the company, judgments against the company may have an adverse impact on the business and future prospects of the company.
  • In the past, the company has received warnings and show cause notices from the Insurance Regulatory and Development Authority of India (IRDAI). In some cases, IRDAI has also imposed fines, which will have a negative impact.
  • A large part of the company’s business is concentrated in certain regions of India. Due to which 54.7% of the company’s revenue for FY 2023 was from the states/union territories of Maharashtra, Karnataka and Delhi.

Points to Consider Before Investing

1. People are seeing the company only as an insurance provider.

2. Currently Go digit’s FY26E P/E is 49.6x and P/B is 5.9.

3. This stock is expensive compared to companies with an established business model and strong retail franchises.

4. Brokerage firm has said that the valuation of the company is high and its shares may see a decline in the future.

5. The company was in loss for the last 3 years except 2023.

6. The history of this company is short which makes it very difficult to forecast its price.

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Go digit has recently been registered on BSE and NSE. At present the company’s shares are overvalued, which is likely to come down. Its fundamentals are not so good, so do your own research. Investing for short term can give you loss, but for long term you can invest in it.

Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.

Q1. Why Go Digit share price increase

Ans. Go Digit has recently launched its IPO. There has been a boom in the market since its launch because after being listed in the Indian Stock Exchange, information about it is easily reaching people and people are also showing interest in its shares.

Q2. Who is the ceo of Go Digit General Insurance?

Ans. Jasleen Kohali is the ceo of Go Digit General Insurance.

Q3. Go Digit share price target 2024

Ans. The minimum share price of Go Digit in 2024 is expected to be ₹265 and maximum ₹355.

Q4. Go Digit share price target 2025

Ans. Go Digit share price target in 2025 is expected to be between ₹353 to ₹444

Q5. Go Digit share price target 2030

Ans. Go Digit stock is likely to have a maximum share price target of ₹1088 in 2030

Q6. Is Go Digit a good share to buy?

Ans. Is it a good share to buy? It depends on your investment strategy and risk tolerance:
Whether Go Digit share is good or not depends on your investment strategy and risk tolerance. If you believe in the long-term growth potential of the insurance sector in India and the innovative approach of Go Digit, it could be a good investment despite high valuations. But if you are looking for undervalued stocks with strong current financial metrics , you may find high P/B ratios and low profitability metrics less attractive.

Q7. What is the Market Cap of Go Digit General Insurance?

Ans. The Market Cap of Go Digit is 27,411 Cr on 2 june 2024.


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