HDFC Life Insurance Company Ltd

₹ 587 2.45%
25 Nov - 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 126,066 Cr.
  • Current Price 587
  • High / Low 710 / 497
  • Stock P/E 85.6
  • Book Value 57.4
  • Dividend Yield 0.29 %
  • ROCE 11.7 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.0%

Cons

  • Stock is trading at 10.2 times its book value
  • Promoter holding has decreased over last quarter: -1.20%
  • Tax rate seems low
  • Earnings include an other income of Rs.656 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
8,740 11,707 341 14,582 16,518 21,242 19,186 14,786 20,548 14,311 17,482 6,690 23,083
8,507 11,458 138 14,138 16,224 20,982 19,000 14,619 20,420 14,137 17,228 6,386 22,815
Operating Profit 233 249 203 444 294 260 185 166 128 174 253 304 268
OPM % 3% 2% 60% 3% 2% 1% 1% 1% 1% 1% 1% 5% 1%
70 62 203 39 51 46 309 106 164 121 374 74 87
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 303 311 407 482 346 307 494 272 292 295 628 378 355
Tax % -2% 19% 23% 7% 5% 14% 35% 1% 6% 7% 19% 4% 7%
Net Profit 309 251 312 451 328 263 319 270 276 275 506 361 329
EPS in Rs 1.53 1.24 1.54 2.23 1.62 1.30 1.58 1.33 1.36 1.36 2.40 1.71 1.53
Raw PDF

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 Mar 2022 TTM
14,060 17,166 27,215 18,141 30,647 32,260 38,857 29,380 71,528 67,126 61,565
13,535 16,561 26,341 17,187 29,674 31,186 37,643 28,239 70,294 66,348 60,566
Operating Profit 525 605 874 953 972 1,074 1,215 1,141 1,235 778 999
OPM % 4% 4% 3% 5% 3% 3% 3% 4% 2% 1% 2%
28 241 79 108 139 282 136 369 445 766 656
Interest 15 11 -14 8 9 11 14 -0 -0 -0 0
Depreciation 35 41 43 45 41 44 45 47 51 56 0
Profit before tax 502 794 924 1,008 1,061 1,300 1,291 1,463 1,629 1,487 1,656
Tax % 11% 9% 15% 19% 16% 15% 1% 11% 16% 11%
Net Profit 447 725 786 817 887 1,107 1,278 1,297 1,361 1,327 1,472
EPS in Rs 2.24 3.64 3.94 4.09 4.44 5.50 6.33 6.43 6.73 6.28 7.00
Dividend Payout % -0% 14% 18% 22% 25% 25% 26% -0% 30% 27%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 20%
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 4%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 1%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 15%
Last Year: 11%

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 Mar 2022 Sep 2022
1,995 1,995 1,995 1,995 1,998 2,012 2,017 2,019 2,021 2,113 2,149
Reserves -658 -67 546 1,108 1,828 2,692 3,625 4,782 6,617 13,497 10,198
-0 -0 -0 -0 -0 -0 -0 -0 600 600 950
40,581 50,347 66,767 73,441 91,270 105,779 124,378 125,423 170,417 214,524 218,930
Total Liabilities 41,918 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,655 230,734 232,228
252 279 346 335 337 336 324 322 585 6,605 367
CWIP 29 10 6 12 16 5 10 8 14 20 -0
Investments 40,404 50,527 67,024 74,144 91,723 106,590 124,958 127,256 173,564 216,551 224,959
1,232 1,458 1,932 2,053 3,020 3,551 4,729 4,637 5,493 7,559 6,902
Total Assets 41,918 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,655 230,734 232,228

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 Mar 2022
4,459 5,687 6,230 6,739 9,868 7,388 9,703 5,943
-3,514 -3,962 -5,177 -4,421 -10,182 -7,789 -8,952 -1,580
-168 -212 -236 -196 -337 38 678 -238
Net Cash Flow 777 1,513 817 2,122 -651 -364 1,429 4,125

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 Mar 2022
Debtor Days -0 -0 -0 -0 -0 -0 2 -0 -0 -0
Inventory Days
Days Payable
Cash Conversion Cycle -0 -0 -0 -0 -0 -0 2 -0 -0 -0
Working Capital Days -22 -11 -11 -27 -20 -25 -16 -17 -13 -11
ROCE % 49% 41% 36% 31% 31% 23% 24% 20% 12%

Shareholding Pattern

Numbers in percentages

55 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
66.18 63.69 60.41 60.40 58.87 58.86 53.84 53.81 53.77 51.53 51.52 50.32
19.94 21.07 23.55 23.44 24.85 25.67 26.06 30.12 30.45 26.31 27.66 28.81
4.96 6.08 7.29 7.28 7.09 6.25 5.87 6.67 6.08 7.81 6.92 6.88
8.89 9.13 8.72 8.85 9.16 9.20 14.21 9.38 9.68 14.32 13.88 13.97
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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