HDFC Life Insurance Company Ltd

₹ 755 0.63%

02 Jan - close price

About

HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings,(Source : 202003 Annual Report Page No: 175)

Key Points

Parentage
HDFC Bank, the promoter group, holds 50.25% stake as of Q2 FY26. As India’s largest private sector bank by balance sheet size, HBL and its subsidiaries offer a wide array of financial services, including non-banking financial services, insurance, asset management, and broking. ^[1] ^[2] ^[3]

Website BSE NSE

Market Cap ₹ 1,62,810 Cr.
Current Price ₹ 755
High / Low ₹ 821 / 584
Stock P/E 86.4
Book Value ₹ 78.5
Dividend Yield 0.28 %
ROCE 6.53 %
ROE 10.8 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 27.5%

Cons

Stock is trading at 9.61 times its book value
Tax rate seems low
Company has a low return on equity of 10.2% 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.

Peer comparison

Financial Services Financial Services Insurance Life Insurance

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty 500 Nifty 100 Nifty Services Sector Nifty 200 Nifty Financial Services Nifty Low Volatility 50 Nifty Alpha 50 Nifty 100 Equal Weight BSE Allcap BSE LargeCap BSE Financial Services BSE SENSEX Next 50 BSE 100 ESG Index (INR) BSE 250 LargeMidCap Index BSE Diversified Financials Revenue Growth BSE Dividend Stability Index BSE Low Volatility Index Nifty 50 Equal Weight BSE 100 LargeCap TMC Index Nifty100 ESG Sector Leaders Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty Financial Services 25/50 Nifty100 ESG Nifty Total Market Nifty Alpha Low-Volatility 30 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	23,053	19,551	20,812	23,340	23,097	26,886	27,992	26,891	28,449	17,235	24,111	29,381	20,548
	22,782	19,754	21,165	23,006	23,503	26,613	27,699	26,565	28,742	16,775	23,710	28,921	20,207
Operating Profit	272	-203	-353	334	-406	274	293	326	-293	460	401	460	341
OPM %	1%	-1%	-2%	1%	-2%	1%	1%	1%	-1%	3%	2%	2%	2%
	80	386	873	104	125	91	156	73	260	-49	100	140	128
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	352	183	521	438	-281	364	449	399	-33	411	501	601	469
Tax %	7%	-72%	31%	5%	-234%	-0%	8%	-20%	-1,408%	-1%	5%	9%	5%
	326	315	359	415	377	365	412	478	433	415	477	546	447
EPS in Rs	1.52	1.47	1.67	1.93	1.75	1.70	1.91	2.22	2.01	1.93	2.21	2.54	2.07
Raw PDF

Upcoming result date: 15 January 2026

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	17,164	27,213	18,138	30,642	32,246	38,360	29,351	71,447	65,402	70,081	101,316	96,687	91,276
	16,559	26,339	17,473	29,665	31,170	37,517	28,211	70,166	64,731	69,982	100,630	95,600	89,613
Operating Profit	605	874	665	977	1,076	843	1,140	1,282	671	100	686	1,087	1,663
OPM %	4%	3%	4%	3%	3%	2%	4%	2%	1%	0%	1%	1%	2%
	241	79	398	139	281	506	367	442	746	1,407	363	293	319
Interest	11	-14	8	9	11	14	0	45	0	0	0	0	0
Depreciation	41	43	45	41	44	45	46	51	52	75	78	102	0
Profit before tax	794	924	1,010	1,066	1,302	1,290	1,461	1,628	1,365	1,432	971	1,278	1,982
Tax %	9%	15%	19%	16%	15%	1%	11%	16%	12%	5%	-62%	-41%
	725	786	818	892	1,109	1,277	1,295	1,360	1,208	1,360	1,569	1,802	1,885
EPS in Rs	3.64	3.94	4.10	4.46	5.51	6.33	6.42	6.73	5.72	6.33	7.29	8.37	8.75
Dividend Payout %	14%	18%	22%	25%	25%	26%	0%	30%	30%	30%	27%	25%

Compounded Sales Growth
10 Years:	14%
5 Years:	27%
3 Years:	14%
TTM:	-17%

Compounded Profit Growth
10 Years:	8%
5 Years:	5%
3 Years:	11%
TTM:	12%

Stock Price CAGR
10 Years:	%
5 Years:	1%
3 Years:	7%
1 Year:	21%

Return on Equity
10 Years:	15%
5 Years:	11%
3 Years:	10%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	1,995	1,995	1,995	1,998	2,012	2,017	2,019	2,021	2,113	2,149	2,151	2,153	2,156
Reserves	-66	547	1,113	1,840	2,707	3,638	4,781	6,617	13,373	10,837	12,501	13,973	14,774
	0	0	0	0	0	0	0	600	600	950	950	2,950	2,350
	50,347	66,767	73,440	91,267	105,762	124,350	125,362	170,344	194,303	233,985	286,905	330,058	351,331
Total Liabilities	52,275	69,309	76,549	95,106	110,481	130,005	132,162	179,582	210,389	247,922	302,507	349,133	370,611
	279	345	334	337	336	323	322	584	964	996	1,545	2,135	666
CWIP	10	6	12	16	5	10	8	13	19	30	27	109	0
Investments	50,529	67,025	74,230	91,738	106,603	124,972	127,226	173,582	203,530	238,136	291,064	334,638	359,999
	1,457	1,932	1,972	3,016	3,537	4,700	4,606	5,402	5,876	8,760	9,871	12,251	9,946
Total Assets	52,275	69,309	76,549	95,106	110,481	130,005	132,162	179,582	210,389	247,922	302,507	349,133	370,611

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	4,461	5,690	6,239	6,741	9,871	7,361	9,703	5,540	6,882	10,725	15,598
	-3,516	-4,045	-5,106	-4,423	-10,186	-7,773	-8,995	-1,402	-10,072	-13,632	-13,622
	-168	-212	-236	-196	-337	38	678	-238	1,985	-403	1,607
Net Cash Flow	777	1,433	897	2,122	-652	-374	1,386	3,900	-1,206	-3,310	3,584

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0	0	0	0	0	2	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	2	0	0	0	0	0	0
Working Capital Days	-6	-11	-27	-20	-25	-17	-17	-13	-12	-12	-8	-6
ROCE %	49%	41%	36%	31%	31%	25%	23%	21%	11%	10%	5%	7%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	50.32%	50.31%	50.33%	50.39%	50.37%	50.37%	50.37%	50.34%	50.32%	50.32%	50.28%	50.25%
	30.15%	29.85%	30.89%	30.53%	31.28%	30.03%	26.63%	25.63%	25.14%	24.96%	24.75%	24.82%
	5.98%	6.42%	6.16%	6.87%	6.56%	7.93%	11.24%	13.25%	13.72%	14.10%	14.57%	14.59%
	13.50%	13.36%	12.58%	12.18%	11.76%	11.64%	11.74%	10.75%	10.76%	10.60%	10.37%	10.32%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
No. of Shareholders	9,92,975	10,05,702	9,26,138	8,75,877	8,44,728	8,58,844	8,92,355	7,83,844	7,91,447	7,71,949	7,38,630	7,26,959

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	80.93%	76.14%	63.69%	58.86%	51.53%	50.31%	50.37%	50.32%	50.25%
	8.92%	10.52%	21.07%	25.67%	26.31%	29.85%	30.03%	24.96%	24.82%
	2.41%	3.40%	6.08%	6.25%	7.81%	6.42%	7.93%	14.10%	14.59%
	7.69%	9.92%	9.13%	9.20%	14.32%	13.36%	11.64%	10.60%	10.32%
	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
No. of Shareholders	3,40,297	3,99,373	5,30,777	7,42,196	10,34,124	10,05,702	8,58,844	7,71,949	7,26,959

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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