HDFC Life Insurance Company Ltd

HDFC Life Insur. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HDFC Life Insurance Company Ltd

₹ 594 -1.16%
24 Apr - close price
hdfclife.com BSE: 540777 NSE : HDFCLIFE
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

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]

Website BSE NSE
  • Market Cap ₹ 1,27,809 Cr.
  • Current Price ₹ 594
  • High / Low ₹ 711 / 516
  • Stock P/E 81.5
  • Book Value ₹ 68.1
  • Dividend Yield 0.34 %
  • ROCE 6.58 %
  • ROE 11.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 29.1%

Cons

  • Stock is trading at 8.72 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 10.3% over last 3 years.
  • Earnings include an other income of Rs.474 Cr.
  • Promoter holding has decreased over last 3 years: -8.49%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
19,155 14,761 20,521 14,285 15,834 6,665 23,053 19,551 20,812 23,340 23,097 26,886 27,992
18,970 14,559 20,390 14,108 15,726 6,357 22,782 19,754 21,165 23,006 23,502 26,611 27,699
Operating Profit 185 203 130 177 108 308 272 -203 -353 334 -405 275 293
OPM % 1% 1% 1% 1% 1% 5% 1% -1% -2% 1% -2% 1% 1%
308 102 160 116 368 68 80 386 873 104 124 90 156
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 493 305 290 293 476 376 352 183 521 438 -281 364 449
Tax % 35% 1% 5% 7% 25% 4% 7% -72% 31% 5% 234% -0% 8%
318 302 274 274 358 360 326 315 359 415 377 365 412
EPS in Rs 1.57 1.50 1.36 1.35 1.69 1.70 1.52 1.47 1.67 1.93 1.75 1.70 1.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14,060 17,164 27,213 18,138 30,642 32,246 38,360 29,351 71,447 65,402 70,081 101,316
13,535 16,559 26,339 17,473 29,665 31,170 37,517 28,211 70,166 64,731 69,982 100,818
Operating Profit 525 605 874 665 977 1,076 843 1,140 1,282 671 100 498
OPM % 4% 4% 3% 4% 3% 3% 2% 4% 2% 1% 0% 0%
28 241 79 398 139 281 506 367 442 746 1,407 474
Interest 15 11 -14 8 9 11 14 0 45 0 0 0
Depreciation 35 41 43 45 41 44 45 46 51 52 75 0
Profit before tax 503 794 924 1,010 1,066 1,302 1,290 1,461 1,628 1,365 1,432 971
Tax % 11% 9% 15% 19% 16% 15% 1% 11% 16% 12% 5% -62%
448 725 786 818 892 1,109 1,277 1,295 1,360 1,208 1,360 1,569
EPS in Rs 2.24 3.64 3.94 4.10 4.46 5.51 6.33 6.42 6.73 5.72 6.33 7.29
Dividend Payout % 0% 14% 18% 22% 25% 25% 26% 0% 30% 30% 30% 27%
Compounded Sales Growth
10 Years: 19%
5 Years: 21%
3 Years: 12%
TTM: 45%
Compounded Profit Growth
10 Years: 8%
5 Years: 4%
3 Years: 5%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: -6%
1 Year: 12%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 10%
Last Year: 11%

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 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,995 1,995 1,995 1,995 1,998 2,012 2,017 2,019 2,021 2,113 2,149 2,151
Reserves -657 -66 547 1,113 1,840 2,707 3,638 4,781 6,617 13,373 10,837 12,501
0 0 0 0 0 0 0 0 600 600 950 950
40,581 50,347 66,767 73,440 91,267 105,762 124,350 125,362 170,344 194,303 233,788 286,905
Total Liabilities 41,918 52,275 69,309 76,549 95,106 110,481 130,005 132,162 179,582 210,389 247,725 302,507
252 279 345 334 337 336 323 322 584 964 996 416
CWIP 29 10 6 12 16 5 10 8 13 19 30 0
Investments 40,405 50,529 67,025 74,230 91,738 106,603 124,972 127,226 173,582 203,530 238,136 292,220
1,232 1,457 1,932 1,972 3,016 3,537 4,700 4,606 5,402 5,876 8,563 9,871
Total Assets 41,918 52,275 69,309 76,549 95,106 110,481 130,005 132,162 179,582 210,389 247,725 302,507

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,461 5,690 6,239 6,741 9,871 7,361 9,703 5,540 6,882 10,725
-3,516 -4,045 -5,106 -4,423 -10,186 -7,773 -8,995 -1,402 -10,072 -13,632
-168 -212 -236 -196 -337 38 678 -238 1,985 -403
Net Cash Flow 777 1,433 897 2,122 -652 -374 1,386 3,900 -1,206 -3,310

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 2 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 2 0 0 0 0 0
Working Capital Days -1 -6 -11 -27 -20 -25 -17 -17 -13 -12 -12 -8
ROCE % 47% 49% 41% 36% 31% 31% 25% 23% 21% 11% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.84% 53.81% 53.77% 51.53% 51.52% 50.32% 50.32% 50.31% 50.33% 50.39% 50.37% 50.37%
26.06% 30.12% 30.45% 26.31% 27.66% 28.81% 30.15% 29.85% 30.89% 30.53% 31.28% 30.03%
5.87% 6.67% 6.08% 7.81% 6.92% 6.88% 5.98% 6.42% 6.16% 6.87% 6.56% 7.93%
14.21% 9.38% 9.68% 14.32% 13.88% 13.97% 13.50% 13.36% 12.58% 12.18% 11.76% 11.64%
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 8,08,2538,56,2089,15,07310,34,1249,98,77910,35,1939,92,97510,05,7029,26,1388,75,8778,44,7288,58,844

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls