HDFC Life Insurance Company Ltd

About [ edit ]

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 135,100 Cr.
  • Current Price 669
  • High / Low 746 / 464
  • Stock P/E 99.3
  • Book Value 42.7
  • Dividend Yield 0.30 %
  • ROCE 20.3 %
  • ROE 17.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 15.65 times its book value
  • Earnings include an other income of Rs.445.05 Cr.
  • Promoter holding has decreased over last 3 years: -22.10%

Peer comparison

Sector: Insurance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
6,882 7,946 9,372 14,191 8,615 8,740 11,707 341 14,582 16,518 21,242 19,186
6,535 7,684 9,121 14,039 8,205 8,507 11,458 138 14,138 16,224 20,982 19,000
Operating Profit 347 261 252 152 410 233 249 203 444 294 260 185
OPM % 5% 3% 3% 1% 5% 3% 2% 60% 3% 2% 1% 1%
Other Income 69 33 21 384 32 70 62 203 39 51 46 309
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 416 294 273 536 443 303 311 407 482 346 307 494
Tax % 8% 2% 10% 32% 4% -2% 19% 23% 7% 5% 14% 35%
Net Profit 381 288 245 365 426 309 251 312 451 328 263 319
EPS in Rs 1.89 1.43 1.21 1.81 2.11 1.53 1.24 1.54 2.23 1.62 1.30 1.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14,060 17,166 27,215 18,141 30,647 32,260 38,857 29,729 71,528
13,535 16,561 26,341 17,187 29,674 31,186 37,529 28,371 70,344
Operating Profit 525 605 874 953 972 1,074 1,329 1,358 1,184
OPM % 4% 4% 3% 5% 3% 3% 3% 5% 2%
Other Income 28 241 79 108 139 282 21 20 445
Interest 15 11 -14 8 9 11 14 17 0
Depreciation 35 41 43 45 41 44 45 47 0
Profit before tax 502 794 924 1,008 1,061 1,300 1,291 1,314 1,629
Tax % 11% 9% 15% 19% 16% 15% 1% 1% 16%
Net Profit 447 725 786 817 887 1,107 1,278 1,297 1,361
EPS in Rs 2.24 3.64 3.94 4.09 4.44 5.50 6.33 6.43 6.73
Dividend Payout % 0% 14% 18% 22% 25% 25% 26% 0% 30%
Compounded Sales Growth
10 Years:%
5 Years:32%
3 Years:30%
TTM:141%
Compounded Profit Growth
10 Years:%
5 Years:11%
3 Years:7%
TTM:12%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:9%
1 Year:27%
Return on Equity
10 Years:%
5 Years:21%
3 Years:20%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,995 1,995 1,995 1,995 1,998 2,012 2,017 2,019 2,021
Reserves -658 -67 546 1,108 1,828 2,692 3,625 4,782 6,617
Borrowings 0 0 0 0 0 0 0 0 600
40,581 50,347 66,767 73,441 91,270 105,779 124,378 125,423 170,403
Total Liabilities 41,918 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,641
252 279 346 335 337 336 324 322 342
CWIP 29 10 6 12 16 5 10 8 0
Investments 40,404 50,527 67,024 74,144 91,723 106,590 124,958 126,629 173,821
1,232 1,458 1,932 2,053 3,020 3,551 4,729 5,264 5,479
Total Assets 41,918 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,641

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4,459 5,687 6,230 6,739 9,868 7,378 9,703
-3,514 -3,962 -5,177 -4,421 -10,182 -7,789 -8,946
-168 -212 -236 -196 -337 38 678
Net Cash Flow 777 1,513 817 2,122 -651 -373 1,435

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 49% 41% 36% 31% 31% 23% 20% 20%
Debtor Days 0 0 0 0 0 0 2 3 0
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
80.90 80.84 80.71 76.14 74.49 71.16 66.18 63.69 60.41 60.40 58.87 58.86
9.03 8.42 8.23 10.52 11.75 15.94 19.94 21.07 23.55 23.44 24.85 25.67
1.98 2.30 2.66 3.40 4.89 4.40 4.96 6.08 7.29 7.28 7.09 6.25
8.06 8.40 8.37 9.92 8.84 8.47 8.89 9.13 8.72 8.85 9.16 9.20
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03

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