HDFC Life Insurance Company Ltd

Established in 2000, HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health.(Source : 201903 Annual Report Page No: 06)

  • Market Cap: 104,240 Cr.
  • Current Price: 516.25
  • 52 weeks High / Low 646.40 / 339.15
  • Book Value: 33.65
  • Stock P/E: 80.48
  • Dividend Yield: 0.32 %
  • ROCE: 29.49 %
  • ROE: 24.61 %
  • Sales Growth (3Yrs): 28.36 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 25.33%
Company has been maintaining a healthy dividend payout of 25.02%
Cons:
Stock is trading at 15.34 times its book value
Promoter holding has decreased by -2.48% over last quarter
Tax rate seems low
Earnings include an other income of Rs.366.09 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Insurance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
6,501 7,949 9,735 8,061 6,877 7,941 9,366 14,176 8,601 8,729 11,700 321
6,222 7,733 9,516 7,754 6,530 7,681 9,113 14,025 8,192 8,496 11,452 117
Operating Profit 279 217 219 306 347 260 253 151 409 233 248 204
OPM % 4% 3% 2% 4% 5% 3% 3% 1% 5% 3% 2% 64%
Other Income 67 32 11 171 69 33 21 384 32 69 62 203
Interest 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
Profit before tax 345 249 231 478 415 293 274 535 442 302 310 407
Tax % 8% 4% 10% 27% 8% 2% 10% 32% 4% -2% 19% 23%
Net Profit 316 238 207 347 380 287 246 364 425 309 250 312
EPS in Rs 1.58 1.19 1.04 1.73 1.89 1.43 1.22 1.81 2.10 1.53 1.24 1.54
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
14,060 17,164 27,213 18,138 30,642 32,246 38,360 29,351
13,535 16,559 26,339 17,473 29,665 31,170 37,290 28,256
Operating Profit 525 605 874 665 977 1,076 1,070 1,095
OPM % 4% 4% 3% 4% 3% 3% 3% 4%
Other Income 28 241 79 398 139 281 505 366
Interest 15 11 -14 8 9 11 13 0
Depreciation 35 41 43 45 41 44 45 0
Profit before tax 503 794 924 1,010 1,066 1,302 1,517 1,461
Tax % 11% 9% 15% 19% 16% 15% 16%
Net Profit 448 725 786 818 892 1,109 1,277 1,295
EPS in Rs 2.24 3.64 3.94 4.10 4.46 5.51 6.33 6.41
Dividend Payout % 0% 14% 18% 22% 25% 25% 26%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:17.45%
3 Years:28.36%
TTM:-23.49%
Compounded Profit Growth
10 Years:%
5 Years:11.98%
3 Years:15.98%
TTM:1.45%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:14.37%
Return on Equity
10 Years:%
5 Years:27.12%
3 Years:25.33%
Last Year:24.61%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,995 1,995 1,995 1,995 1,998 2,012 2,017 2,019
Reserves -657 -66 547 1,113 1,840 2,706 3,641 4,776
Borrowings 0 0 0 0 0 0 0 0
40,581 50,347 66,767 73,440 91,267 105,763 124,343 125,368
Total Liabilities 41,918 52,275 69,309 76,549 95,106 110,481 130,001 132,162
252 279 345 334 337 336 323 330
CWIP 29 10 6 12 16 5 10 0
Investments 40,405 50,529 67,025 74,230 91,738 106,603 125,552 127,226
1,232 1,457 1,932 1,972 3,016 3,537 4,116 4,606
Total Assets 41,918 52,275 69,309 76,549 95,106 110,481 130,001 132,162

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4,461 5,690 6,239 6,741 9,871
-3,516 -4,045 -5,106 -4,423 -10,186
-168 -212 -236 -196 -337
Net Cash Flow 777 1,433 897 2,122 -652

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 49% 41% 36% 31% 31% 29%
Debtor Days 0 0 0 0 0 0 0
Inventory Turnover