HDFC Life Insurance

₹626.3 3.8 | 0.6%

WEBSITE BSE:540777 NSE : HDFCLIFE 26 Dec, 16:01

Market Cap ₹134819 Cr.

Stock P/E 85.6

P/B 8.6

Current Price ₹626.3

Book Value ₹ 72.5

Face Value 10

52W High ₹761

Dividend Yield 0.32%

52W Low ₹ 511.1

Edit Ratio

HDFC Life Insurance Research see more...

Overview Inc. Year: 2000Industry: Insurance

HDFC Life Insurance Company Limited provides individual and group coverage solutions in India. It provides insurance and funding merchandise, such as safety, pension, savings, investment, annuity, and health, as well as term, retirement, investment, children's, and unit connected insurance, NRI, and group insurance plans. The corporation was previously referred to as HDFC Standard Life Insurance Company Limited and changed its entity name to HDFC Life Insurance Company Limited in January 2019. The enterprise was established in 2000 and is primarily based in Mumbai, India.

HDFC Life Insurance Share Price

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Peer Comparison

HDFC Life Insurance Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	9870	13138	14402	19469	11508	14797	15273	20534	12548	16614
Other Income	-3106	10032	5569	2271	11977	8481	11756	7682	14475	12163
Total Income	6764	23170	19971	21740	23485	23278	27029	28216	27023	28776
Total Expenditure	6386	22815	19787	21215	23045	23557	26662	27766	26623	28807
Operating Profit	378	355	184	525	440	-279	367	450	401	-30
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	378	355	184	525	440	-279	367	450	401	-30
Provision for Tax	16	26	-132	163	23	-657	-1	38	-78	-465
Profit After Tax	361	329	316	362	417	378	368	412	479	435
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	361	329	316	362	417	378	368	412	479	435
Adjusted Earnings Per Share	1.7	1.5	1.5	1.7	1.9	1.8	1.7	1.9	2.2	2

HDFC Life Insurance Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	11976	14762	16179	19275	23371	28931	32245	38194	46801	56879	62112	64969
Other Income	5315	12328	1888	11280	8863	9513	-2962	33126	20259	13949	38829	46076
Total Income	17291	27091	18066	30554	32234	38443	29283	71320	67059	70828	100941	111044
Total Expenditure	16710	26149	16932	29455	30964	36860	28155	69946	65832	69306	100751	109858
Operating Profit	581	941	1134	1100	1270	1583	1128	1374	1228	1521	191	1188
Interest	11	-14	8	9	11	13	17	18	26	20	11	0
Depreciation	41	43	45	41	44	45	47	51	56	76	78	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	643	805	833	909	1125	1291	1314	1354	1303	1282	1570	1188
Provision for Tax	-83	19	17	22	18	13	16	-7	-24	-86	-4	-506
Profit After Tax	725	786	817	887	1107	1278	1297	1361	1327	1368	1574	1694
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	725	786	817	887	1107	1278	1297	1361	1327	1368	1574	1694
Adjusted Earnings Per Share	0	0	0	0	0	0	0	0	0	0	0	7.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	18%	17%	18%
Operating Profit CAGR	-87%	-48%	-34%	-11%
PAT CAGR	15%	5%	4%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-2%	-1%	-0%	NA%
ROE Average	12%	11%	14%	23%
ROCE Average	11%	10%	13%	22%

HDFC Life Insurance Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1975	2593	3195	3794	4705	5646	6999	8432	15529	12973	14216
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	600	600	950	950
Other Non-Current Liabilities	48921	64756	70887	87527	101171	119310	120311	164183	207770	225906	278792
Total Current Liabilities	1434	2035	2513	3775	4607	5065	4914	6440	6836	8240	8729
Total Liabilities	52331	69385	76594	95097	110483	130020	132224	179655	230734	248069	302687
Fixed Assets	329	396	385	337	336	324	322	327	5964	352	393
Other Non-Current Assets	50585	67156	74249	91787	106614	125628	127563	174259	218483	240459	294209
Total Current Assets	1416	1833	1960	2972	3533	4069	4338	5069	6287	7259	8085
Total Assets	52331	69385	76594	95097	110483	130020	132224	179655	230734	248069	302687

HDFC Life Insurance Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1770	1574	2351	3864	4682	6804	6153	5789	7218	12024	10821
Cash Flow from Operating Activities	5422	4459	5687	6230	6739	9868	7388	9703	5943	6883	10721
Cash Flow from Investing Activities	-5501	-3514	-3959	-5175	-4421	-10182	-7807	-8946	-807	-10087	-13617
Cash Flow from Financing Activities	-117	-168	-212	-236	-196	-337	38	678	-238	1985	-403
Net Cash Inflow / Outflow	-196	777	1516	819	2122	-651	-381	1435	4897	-1219	-3299
Closing Cash & Cash Equivalent	1574	2351	3864	4682	6804	6153	5789	7218	12122	10821	7525

HDFC Life Insurance Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0	0	0	0	0	0	0	0	0	0	0
CEPS(Rs)	3.64	3.94	4.09	4.44	5.5	6.33	6.43	6.73	6.28	6.37	7.32
DPS(Rs)	0.5	0.7	0.9	1.1	1.36	1.63	0	2.02	1.7	1.9	2
Book NAV/Share(Rs)	0	0	15.76	18.98	23.38	27.98	34.64	41.72	73.49	60.34	66.09
Core EBITDA Margin(%)	-39.52	-77.13	-4.66	-52.81	-32.49	-27.41	12.69	-83.13	-40.66	-21.85	-62.21
EBIT Margin(%)	5.37	5.45	5.15	4.72	4.81	4.46	4.07	3.55	2.78	2.25	2.53
Pre Tax Margin(%)	5.37	5.45	5.15	4.72	4.81	4.46	4.07	3.55	2.78	2.25	2.53
PAT Margin (%)	6.06	5.32	5.05	4.6	4.74	4.42	4.02	3.56	2.84	2.41	2.53
Cash Profit Margin (%)	6.06	5.32	5.05	4.6	4.74	4.42	4.02	3.56	2.84	2.41	2.53
ROA(%)	1.43	1.33	1.16	1.07	1.12	1.11	1.03	0.91	0.67	0.59	0.59
ROE(%)	37.67	35.16	28.72	25.56	26.06	24.7	20.53	17.65	11.08	9.6	11.58
ROCE(%)	33.37	36.01	29.3	26.2	26.47	24.95	20.79	16.9	10.36	8.54	10.79
Receivable days	0	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	0	0	0	0	0
Price/Book(x)	0	0	0	0	19.39	13.53	12.75	16.68	7.32	8.28	9.58
Dividend Yield(%)	0	0	0	0	0.3	0.43	0	0.29	0.32	0.38	0.32
EV/Net Sales(x)	0.13	0.1	0.08	0.06	3.86	2.6	2.74	3.67	2.41	1.88	2.18
EV/Core EBITDA(x)	2.67	1.51	1.12	1.09	70.95	47.44	78.4	102.01	91.98	70.41	711.42
Net Sales Growth(%)	0	23.26	9.59	19.14	21.25	23.79	11.46	18.45	22.53	21.53	9.2
EBIT Growth(%)	0	25.22	3.58	9.06	23.77	14.76	1.77	3.07	-3.8	-1.58	22.42
PAT Growth(%)	0	8.3	3.98	8.59	24.84	15.42	1.53	4.89	-2.49	3.12	15.04
EPS Growth(%)	0	0	-100	0	0	0	0	0	0	0	0
Debt/Equity(x)	0	0	0	0	0	0	0	0.07	0.04	0.07	0.07
Current Ratio(x)	0.97	0.89	0.77	0.78	0.76	0.79	0.87	0.78	0.9	0.87	0.91
Quick Ratio(x)	0.97	0.89	0.77	0.78	0.76	0.79	0.87	0.78	0.9	0.87	0.91
Interest Cover(x)	0	0	0	0	0	0	0	0	0	0	0
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0.01	0.01	0.01

HDFC Life Insurance Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	51.52	50.32	50.32	50.31	50.33	50.39	50.37	50.37	50.37	50.34
FII	27.66	28.81	30.14	29.84	30.88	30.52	31.27	30.03	26.63	25.62
DII	6.92	6.87	5.99	6.44	6.17	6.87	6.58	7.94	11.25	13.25
Public	13.9	14	13.55	13.4	12.62	12.22	11.78	11.66	11.76	10.8
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	108.87	108.15	108.15	108.15	108.2	108.33	108.33	108.33	108.33	108.33
FII	58.45	61.91	64.78	64.15	66.38	65.62	67.25	64.59	57.27	55.14
DII	14.63	14.76	12.88	13.85	13.27	14.78	14.16	17.08	24.19	28.51
Public	29.37	30.09	29.12	28.8	27.12	26.27	25.33	25.09	25.3	23.23
Others	0	0	0	0	0	0	0	0	0	0
Total	211.32	214.91	214.92	214.94	214.97	215.01	215.07	215.09	215.1	215.22

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
Stock is trading at 8.6 times its book value.
Earnings include an other income of Rs. 38829 Cr.
The company has delivered a poor profit growth of 4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.