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 8.7

Current Price ₹626.3

Book Value ₹ 72.4

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.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	7178	3662	5389	5420	8900
Other Income	4992	2906	2592	4326	-668
Total Income	12170	6568	7981	9746	8232
Total Expenditure	11805	6222	7733	9516	7754
Operating Profit	365	345	249	231	478
Interest	0	0	0	0	0
Depreciation	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	365	345	249	231	478
Provision for Tax	118	29	10	23	131
Profit After Tax	247	316	238	207	347
Adjustments	-247	-316	-238	-207	-347
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	1.2	1.6	1.2	1	1.7

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	28924	32224	38122	45396	56764	61959	23371
Other Income	5315	12328	1888	11280	8863	9513	-2962	33120	19962	13941	38815	9156
Total Income	17291	27091	18066	30554	32234	38437	29261	71242	65358	70705	100774	32527
Total Expenditure	16710	26149	16932	29455	30964	36859	28141	69869	64214	69187	100592	31225
Operating Profit	581	941	1134	1100	1270	1578	1120	1373	1144	1518	183	1303
Interest	11	-14	8	9	11	13	17	18	23	20	11	0
Depreciation	41	43	45	41	44	45	47	51	52	75	78	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	643	805	835	914	1127	1290	1312	1353	1180	1272	1564	1303
Provision for Tax	-83	19	17	22	18	13	16	-7	-28	-88	-5	193
Profit After Tax	725	786	818	892	1109	1277	1295	1360	1208	1360	1569	1108
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-1108
Profit After Adjustments	725	786	818	892	1109	1277	1295	1360	1208	1360	1569	0
Adjusted Earnings Per Share	0	3.9	4.1	4.5	5.5	6.3	6.4	6.7	5.7	6.3	7.3	5.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	18%	16%	18%
Operating Profit CAGR	-88%	-49%	-35%	-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%	10%	14%	23%
ROCE Average	11%	10%	13%	23%

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	1976	2594	3200	3806	4719	5659	6992	8430	15401	12967	14201
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	87526	101160	119283	120269	164128	188251	225828	278689
Total Current Liabilities	1434	2035	2512	3774	4603	5064	4902	6423	6138	8177	8667
Total Liabilities	52331	69385	76599	95106	110481	130005	132162	179582	210389	247922	302507
Fixed Assets	329	396	384	337	336	323	322	327	323	350	389
Other Non-Current Assets	50587	67157	74335	91802	106627	125641	127534	174277	204833	240397	294144
Total Current Assets	1415	1832	1879	2968	3518	4041	4307	4978	5233	7175	7974
Total Assets	52331	69385	76599	95106	110481	130005	132162	179582	210389	247922	302507

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	1572	2350	3782	4679	6801	6149	5775	7161	12004	10798
Cash Flow from Operating Activities	5424	4461	5690	6239	6741	9871	7370	9703	5540	6882	10725
Cash Flow from Investing Activities	-5505	-3516	-4045	-5106	-4423	-10186	-7782	-8995	-1402	-10072	-13632
Cash Flow from Financing Activities	-117	-168	-212	-236	-196	-337	38	678	-238	1985	-403
Net Cash Inflow / Outflow	-197	777	1433	897	2122	-652	-374	1386	3900	-1206	-3310
Closing Cash & Cash Equivalent	1572	2350	3782	4679	6801	6149	5775	7161	11061	10798	7488

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	4.1	4.46	5.51	6.33	6.42	6.73	5.72	6.33	7.29
CEPS(Rs)	3.64	3.94	4.1	4.46	5.51	6.33	6.42	6.73	5.72	6.33	7.29
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	15.79	19.05	23.45	28.05	34.61	41.7	72.88	60.31	66.02
Core EBITDA Margin(%)	-39.52	-77.13	-4.66	-52.81	-32.49	-27.43	12.67	-83.28	-41.45	-21.89	-62.35
EBIT Margin(%)	5.36	5.45	5.16	4.74	4.82	4.46	4.07	3.55	2.6	2.24	2.52
Pre Tax Margin(%)	5.36	5.45	5.16	4.74	4.82	4.46	4.07	3.55	2.6	2.24	2.52
PAT Margin (%)	6.06	5.32	5.06	4.63	4.75	4.41	4.02	3.57	2.66	2.4	2.53
Cash Profit Margin (%)	6.06	5.32	5.06	4.63	4.75	4.41	4.02	3.57	2.66	2.4	2.53
ROA(%)	1.59	1.33	1.16	1.08	1.13	1.11	1.03	0.91	0.64	0.61	0.59
ROE(%)	44.73	35.15	28.75	25.65	26.02	24.61	20.49	17.65	10.14	9.59	11.55
ROCE(%)	39.62	36	29.33	26.28	26.44	24.86	20.75	16.9	9.43	8.51	10.76
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	82.26	59.8	68.83	103.38	94.16	78.91	86.79
Price/Book(x)	0	0	0	0	19.34	13.49	12.76	16.68	7.38	8.28	9.59
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	2.75	3.68	2.49	1.89	2.19
EV/Core EBITDA(x)	2.67	1.51	1.19	1.09	70.95	47.62	78.96	102.1	98.96	70.58	741.83
Net Sales Growth(%)	6.38	23.26	9.59	19.14	21.25	23.76	11.41	18.31	19.08	25.04	9.15
EBIT Growth(%)	40.99	25.22	3.78	9.48	23.26	14.48	1.69	3.18	-12.81	7.82	22.9
PAT Growth(%)	60.65	8.3	4.19	9.01	24.31	15.13	1.45	5.01	-11.21	12.62	15.35
EPS Growth(%)	0	0	4.17	8.84	23.49	14.81	1.37	4.89	-15.06	10.7	15.26
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	0.74	0.78	0.76	0.79	0.87	0.76	0.84	0.86	0.91
Quick Ratio(x)	0.97	0.89	0.74	0.78	0.76	0.79	0.87	0.76	0.84	0.86	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 10% over the last 3 years.
Stock is trading at 8.7 times its book value.
Earnings include an other income of Rs. 38815 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.