HDFC Life Insurance Company Ltd

₹ 641 -1.23%
Jan 21 - close price
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]

  • Market Cap 135,462 Cr.
  • Current Price 641
  • High / Low 776 / 627
  • Stock P/E 119
  • Book Value 0.00
  • Dividend Yield 0.31 %
  • ROCE 17.7 %
  • ROE 15.4 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -2.26%
  • Earnings include an other income of Rs.700.18 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
14,191 8,615 8,740 11,707 341 14,582 16,518 21,242 19,186 14,786 20,548 14,311
14,039 8,205 8,507 11,458 138 14,138 16,224 20,982 19,000 14,619 20,420 14,137
Operating Profit 152 410 233 249 203 444 294 260 185 166 128 174
OPM % 1% 5% 3% 2% 60% 3% 2% 1% 1% 1% 1% 1%
Other Income 384 32 70 62 203 39 51 46 309 106 164 121
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 536 443 303 311 407 482 346 307 494 272 292 295
Tax % 32% 4% -2% 19% 23% 7% 5% 14% 35% 1% 6% 7%
Net Profit 365 426 309 251 312 451 328 263 319 270 276 275
EPS in Rs 1.81 2.11 1.53 1.24 1.54 2.23 1.62 1.30 1.58 1.33 1.36 1.36

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 TTM
14,060 17,166 27,215 18,141 30,647 32,260 38,857 29,403 71,528 68,830
13,535 16,561 26,341 17,187 29,674 31,186 37,643 28,262 70,294 68,176
Operating Profit 525 605 874 953 972 1,074 1,215 1,141 1,234 653
OPM % 4% 4% 3% 5% 3% 3% 3% 4% 2% 1%
Other Income 28 241 79 108 139 282 136 369 445 700
Interest 15 11 -14 8 9 11 14 -0 -0 0
Depreciation 35 41 43 45 41 44 45 47 51 0
Profit before tax 502 794 924 1,008 1,061 1,300 1,291 1,463 1,629 1,354
Tax % 11% 9% 15% 19% 16% 15% 1% 11% 16%
Net Profit 447 725 786 817 887 1,107 1,278 1,297 1,361 1,140
EPS in Rs 2.24 3.64 3.94 4.09 4.44 5.50 6.33 6.43 6.73 5.63
Dividend Payout % -0% 14% 18% 22% 25% 25% 26% -0% 30%
Compounded Sales Growth
10 Years: %
5 Years: 32%
3 Years: 30%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 2%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 19%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 19%
Last Year: 15%

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 Dec 2021
1,995 1,995 1,995 1,995 1,998 2,012 2,017 2,019 2,021 -0
Reserves -658 -67 546 1,108 1,828 2,692 3,625 4,782 6,617 -0
Borrowings -0 -0 -0 -0 -0 -0 -0 -0 600 -0
40,581 50,347 66,767 73,441 91,270 105,779 124,378 125,423 170,403 -0
Total Liabilities 41,918 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,641 -0
252 279 346 335 337 336 324 322 585 -0
CWIP 29 10 6 12 16 5 10 8 14 -0
Investments 40,404 50,527 67,024 74,144 91,723 106,590 124,958 127,256 173,564 -0
1,232 1,458 1,932 2,053 3,020 3,551 4,729 4,637 5,479 -0
Total Assets 41,918 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,641 -0

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 7,388 9,703
-3,514 -3,962 -5,177 -4,421 -10,182 -7,789 -8,952
-168 -212 -236 -196 -337 38 678
Net Cash Flow 777 1,513 817 2,122 -651 -364 1,429

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
Debtor Days -0 -0 -0 -0 -0 -0 2 -0 -0
Inventory Days
Days Payable
Cash Conversion Cycle -0 -0 -0 -0 -0 -0 2 -0 -0
Working Capital Days -22 -10 -11 -27 -20 -25 -16 -17 -13
ROCE % 49% 41% 36% 31% 31% 23% 22% 18%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
76.14 74.49 71.16 66.18 63.69 60.41 60.40 58.87 58.86 53.84 53.81 53.77
10.52 11.75 15.94 19.94 21.07 23.55 23.44 24.85 25.67 26.06 30.12 30.45
3.40 4.89 4.40 4.96 6.08 7.29 7.28 7.09 6.25 5.87 6.67 6.08
9.92 8.84 8.47 8.89 9.13 8.72 8.85 9.16 9.20 14.21 9.38 9.68
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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