HDFC Life Insurance Company Ltd
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)
- Market Cap ₹ 1,23,905 Cr.
- Current Price ₹ 576
- High / Low ₹ 621 / 458
- Stock P/E 91.1
- Book Value ₹ 60.4
- Dividend Yield 0.33 %
- ROCE 9.54 %
- ROE 9.55 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.9%
Cons
- Stock is trading at 9.54 times its book value
- Tax rate seems low
- Company has a low return on equity of 11.6% over last 3 years.
- Earnings include an other income of Rs.1,407 Cr.
- Promoter holding has decreased over last 3 years: -13.4%
* 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
Sector: Insurance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10,437 | 14,060 | 17,164 | 27,213 | 18,138 | 30,642 | 32,246 | 38,360 | 29,351 | 71,447 | 65,402 | 70,081 | |
10,164 | 13,535 | 16,559 | 26,339 | 17,473 | 29,665 | 31,170 | 37,517 | 28,211 | 70,211 | 64,731 | 70,057 | |
Operating Profit | 274 | 525 | 605 | 874 | 665 | 977 | 1,076 | 843 | 1,140 | 1,237 | 671 | 24 |
OPM % | 3% | 4% | 4% | 3% | 4% | 3% | 3% | 2% | 4% | 2% | 1% | 0% |
39 | 28 | 241 | 79 | 398 | 139 | 281 | 506 | 367 | 442 | 746 | 1,407 | |
Interest | 4 | 15 | 11 | -14 | 8 | 9 | 11 | 14 | 0 | 0 | 0 | 0 |
Depreciation | 37 | 35 | 41 | 43 | 45 | 41 | 44 | 45 | 46 | 51 | 52 | 0 |
Profit before tax | 271 | 503 | 794 | 924 | 1,010 | 1,066 | 1,302 | 1,290 | 1,461 | 1,628 | 1,365 | 1,432 |
Tax % | 0% | 11% | 9% | 15% | 19% | 16% | 15% | 1% | 11% | 16% | 12% | 5% |
Net Profit | 271 | 448 | 725 | 786 | 818 | 892 | 1,109 | 1,277 | 1,295 | 1,360 | 1,208 | 1,360 |
EPS in Rs | 1.36 | 2.24 | 3.64 | 3.94 | 4.10 | 4.46 | 5.51 | 6.33 | 6.42 | 6.73 | 5.72 | 6.33 |
Dividend Payout % | 0% | 0% | 14% | 18% | 22% | 25% | 25% | 26% | 0% | 30% | 30% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 34% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 4% |
3 Years: | 2% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 5% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 14% |
3 Years: | 12% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,995 | 1,995 | 1,995 | 1,995 | 1,995 | 1,998 | 2,012 | 2,017 | 2,019 | 2,021 | 2,113 | 2,149 | |
Reserves | -1,140 | -657 | -66 | 547 | 1,113 | 1,840 | 2,707 | 3,638 | 4,781 | 6,617 | 13,373 | 10,834 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600 | 600 | 950 | |
32,937 | 40,581 | 50,347 | 66,767 | 73,440 | 91,267 | 105,762 | 124,350 | 125,362 | 170,344 | 194,303 | 233,791 | |
Total Liabilities | 33,792 | 41,918 | 52,275 | 69,309 | 76,549 | 95,106 | 110,481 | 130,005 | 132,162 | 179,582 | 210,389 | 247,725 |
316 | 252 | 279 | 345 | 334 | 337 | 336 | 323 | 322 | 584 | 964 | 380 | |
CWIP | 5 | 29 | 10 | 6 | 12 | 16 | 5 | 10 | 8 | 13 | 19 | 0 |
Investments | 32,148 | 40,405 | 50,529 | 67,025 | 74,230 | 91,738 | 106,603 | 124,972 | 127,226 | 173,582 | 203,530 | 238,782 |
1,323 | 1,232 | 1,457 | 1,932 | 1,972 | 3,016 | 3,537 | 4,700 | 4,606 | 5,402 | 5,876 | 8,563 | |
Total Assets | 33,792 | 41,918 | 52,275 | 69,309 | 76,549 | 95,106 | 110,481 | 130,005 | 132,162 | 179,582 | 210,389 | 247,725 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,598 | 4,461 | 5,690 | 6,239 | 6,741 | 9,871 | 7,361 | 9,703 | 5,540 | 6,882 | |||
-5,282 | -3,516 | -4,045 | -5,106 | -4,423 | -10,186 | -7,773 | -8,995 | -1,402 | -10,072 | |||
0 | -168 | -212 | -236 | -196 | -337 | 38 | 678 | -238 | 1,985 | |||
Net Cash Flow | 316 | 777 | 1,433 | 897 | 2,122 | -652 | -374 | 1,386 | 3,900 | -1,206 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
Working Capital Days | -27 | -1 | -6 | -11 | -27 | -20 | -25 | -17 | -17 | -13 | -12 | -12 |
ROCE % | 41% | 47% | 49% | 41% | 36% | 31% | 31% | 25% | 23% | 20% | 11% | 10% |
Documents
Announcements
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Stake Sale By Abrdn (Mauritius Holdings) 2006 Limited
2d - Abrdn (Mauritius Holdings) 2006 Limited ('abrdn'), one of the promoters of the Company, has intimated that it has undertaken a sale of 3,56,94,105 equity shares. …
- Announcement Under Regulation 30 (LODR) - Analyst / Investor Meet - Intimation 26 May
- Announcement Under Regulation 30 (LODR) - Analyst / Investor Meet - Intimation 24 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - Annual Secretarial Compliance Report for the financial year 2022-23.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
16 May - Allotment of 2,48,098 Equity Shares under Employee Stock Option Schemes
Annual reports
Concalls
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May 2023Transcript PPT
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Aug 2018TranscriptNotesPPT
Started As Joint Venture
HDFC Life is incorporated as a JV between HDFC and Standard Life Aberdeen and is one of India's leading life insurance companies[1]