Canara HSBC Life Insurance Company Ltd
Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram. In 2008, Canara HSBC Life Insurance was a JV between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and PNB (23%). In 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, PNB.[1]
- Market Cap ₹ 14,216 Cr.
- Current Price ₹ 150
- High / Low ₹ 159 / 106
- Stock P/E 124
- Book Value ₹ 16.5
- Dividend Yield 0.00 %
- ROCE 8.73 %
- ROE 7.95 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 32.4%
Cons
- Stock is trading at 9.05 times its book value
- Promoter holding has decreased over last quarter: -15.0%
- Tax rate seems low
- Company has a low return on equity of 7.69% over last 3 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 3,074 | 9,253 | 8,496 | 8,435 | 11,841 | 10,710 | |
| 3,059 | 9,323 | 8,726 | 8,471 | 11,705 | 10,578 | |
| Operating Profit | 15 | -71 | -230 | -36 | 136 | 131 |
| OPM % | 0% | -1% | -3% | -0% | 1% | 1% |
| 104 | 184 | 256 | 155 | 11 | 19 | |
| Interest | 6 | 6 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 13 | 17 | 19 | 23 | 22 |
| Profit before tax | 105 | 95 | 10 | 100 | 124 | 128 |
| Tax % | 0% | 0% | 0% | 9% | 9% | 9% |
| 105 | 95 | 10 | 91 | 113 | 117 | |
| EPS in Rs | 1.11 | 1.00 | 0.11 | 0.96 | 1.19 | 1.23 |
| Dividend Payout % | 0% | 0% | 278% | 31% | 34% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 8% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 125% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 8% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 950 | 950 | 950 | 950 | 950 | 950 | 950 |
| Reserves | 239 | 330 | 340 | 403 | 469 | 567 | 593 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 14,757 | 21,306 | 25,925 | 29,957 | 37,332 | 41,397 | 43,931 | |
| Total Liabilities | 15,946 | 22,586 | 27,215 | 31,310 | 38,751 | 42,914 | 45,474 |
| 32 | 37 | 70 | 73 | 77 | 42 | 39 | |
| CWIP | 4 | 7 | 4 | 5 | 2 | 4 | 0 |
| Investments | 15,374 | 21,871 | 26,266 | 30,179 | 37,357 | 41,166 | 44,090 |
| 536 | 671 | 875 | 1,053 | 1,314 | 1,702 | 1,345 | |
| Total Assets | 15,946 | 22,586 | 27,215 | 31,310 | 38,751 | 42,914 | 45,474 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2,340 | 1,998 | 2,592 | 2,310 | 1,208 | ||
| -2,236 | -1,929 | -2,576 | -2,045 | -714 | ||
| 0 | 0 | -28 | -48 | -19 | ||
| Net Cash Flow | 103 | 69 | -12 | 218 | 474 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 1 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 1 |
| Working Capital Days | -4 | -15 | -6 | -5 | -3 | -2 |
| ROCE % | 8% | 1% | 8% | 9% | 9% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
14h - CARE AA+ (Stable) rating assigned to Canara HSBC proposed ₹250 crore subordinate debt (Feb 23-24, 2026).
-
Announcement under Regulation 30 (LODR)-Credit Rating
20 Feb - CRISIL assigned AA+/Stable rating to Canara HSBC Life's proposed ₹250 crore subordinated debt on Feb 20, 2026.
-
Announcement under Regulation 30 (LODR)-Credit Rating
19 Feb - CARE Ratings reaffirmed Canara HSBC Life issuer rating CARE AAA; Stable on February 18, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Feb - Newspaper advertisement regarding completion of dispatch of postal ballot Notice and intimation of remote e-voting facility.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 16 Feb
Concalls
-
Jan 2026Transcript PPT REC
-
Oct 2025Transcript PPT REC
Business Profile[1][2]
Canara HSBC Life Insurance Company Limited is a bank-led private life insurer jointly promoted by Canara Bank (51%) and HSBC Insurance. The company offers a comprehensive range of individual and group insurance solutions, including savings, protection, retirement, ULIPs, annuity, and government-backed schemes.