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 ₹ 1,55,777 Cr.
- Current Price ₹ 724
- High / Low ₹ 761 / 511
- Stock P/E 95.5
- Book Value ₹ 71.3
- Dividend Yield 0.28 %
- ROCE 6.58 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.1%
Cons
- Stock is trading at 10.2 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.443 Cr.
- Promoter holding has decreased over last 3 years: -3.47%
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
14,060 | 17,164 | 27,213 | 18,138 | 30,642 | 32,246 | 38,360 | 29,351 | 71,447 | 65,402 | 70,081 | 101,316 | 104,867 | |
13,535 | 16,559 | 26,339 | 17,473 | 29,665 | 31,170 | 37,517 | 28,211 | 70,166 | 64,731 | 69,982 | 100,740 | 104,377 | |
Operating Profit | 525 | 605 | 874 | 665 | 977 | 1,076 | 843 | 1,140 | 1,282 | 671 | 100 | 575 | 489 |
OPM % | 4% | 4% | 3% | 4% | 3% | 3% | 2% | 4% | 2% | 1% | 0% | 1% | 0% |
28 | 241 | 79 | 398 | 139 | 281 | 506 | 367 | 442 | 746 | 1,407 | 474 | 443 | |
Interest | 15 | 11 | -14 | 8 | 9 | 11 | 14 | 0 | 45 | 0 | 0 | 0 | 0 |
Depreciation | 35 | 41 | 43 | 45 | 41 | 44 | 45 | 46 | 51 | 52 | 75 | 78 | 0 |
Profit before tax | 503 | 794 | 924 | 1,010 | 1,066 | 1,302 | 1,290 | 1,461 | 1,628 | 1,365 | 1,432 | 971 | 932 |
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 | 1,631 | |
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 | 7.58 |
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: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 4% |
3 Years: | 5% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 0% |
1 Year: | 16% |
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 | 233,985 | 286,905 | |
Total Liabilities | 41,918 | 52,275 | 69,309 | 76,549 | 95,106 | 110,481 | 130,005 | 132,162 | 179,582 | 210,389 | 247,922 | 302,507 |
252 | 279 | 345 | 334 | 337 | 336 | 323 | 322 | 584 | 964 | 996 | 1,545 | |
CWIP | 29 | 10 | 6 | 12 | 16 | 5 | 10 | 8 | 13 | 19 | 30 | 27 |
Investments | 40,405 | 50,529 | 67,025 | 74,230 | 91,738 | 106,603 | 124,972 | 127,226 | 173,582 | 203,530 | 238,136 | 291,064 |
1,232 | 1,457 | 1,932 | 1,972 | 3,016 | 3,537 | 4,700 | 4,606 | 5,402 | 5,876 | 8,760 | 9,871 | |
Total Assets | 41,918 | 52,275 | 69,309 | 76,549 | 95,106 | 110,481 | 130,005 | 132,162 | 179,582 | 210,389 | 247,922 | 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% | 7% |
Documents
Announcements
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Allotment Of Ncds
1d - Allotment of 1 lakh unsecured redeemable debentures.
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Announcement under Regulation 30 (LODR)-Change in Directorate
1d - Mr. Suresh Badami relieved as Deputy Managing Director.
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Intimation Of Earnings Call - H1 FY25
1d - HDFC Life to host H1 FY25 earnings call.
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Update On Board Meeting Intimation
2d - Board meeting to approve Q2 and half-year financial results.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
6 Oct - Received GST Order; no material impact expected.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2007
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Concalls
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Jul 2024Transcript PPT REC
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Apr 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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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]