SBI Life Insurance Company Ltd

₹ 1,209 -1.54%
Jan 27 10:34 a.m.
About

SBI Life Insurance Company is carrying on the business of life insurance and annuity.(Source : 202003-01 Annual Report Page No:213)

  • Market Cap 120,939 Cr.
  • Current Price 1,209
  • High / Low 1,293 / 840
  • Stock P/E 88.5
  • Book Value 112
  • Dividend Yield 0.20 %
  • ROCE 15.4 %
  • ROE 13.6 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 10.97 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.874.21 Cr.
  • Dividend payout has been low at 10.75% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -28.41%

* 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

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
15,620 9,804 12,878 15,942 5,174 16,266 18,640 26,718 20,289 16,004 25,636 20,672
15,229 9,261 12,712 15,486 5,078 15,648 18,437 26,432 20,624 15,752 25,364 20,272
Operating Profit 391 543 166 456 96 618 204 286 -335 252 272 400
OPM % 2% 6% 1% 3% 2% 4% 1% 1% -2% 2% 1% 2%
Other Income 120 13 12 13 491 9 12 10 837 17 11 10
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 511 556 178 469 587 627 215 296 502 270 282 410
Tax % 10% 33% 27% 17% 10% 38% -39% 21% -6% 17% 13% 11%
Net Profit 458 372 130 390 531 391 300 233 532 223 247 364
EPS in Rs 4.58 3.72 1.30 3.90 5.31 3.91 3.00 2.33 5.32 2.23 2.47 3.64

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
15,968 13,760 14,870 17,258 23,299 19,324 30,548 34,068 44,604 43,798 81,913 82,601
15,617 13,331 14,443 16,747 22,505 18,404 29,479 32,736 43,130 42,447 81,040 82,011
Operating Profit 350 429 427 511 794 920 1,068 1,332 1,474 1,351 872 589
OPM % 2% 3% 3% 3% 3% 5% 4% 4% 3% 3% 1% 1%
Other Income 81 214 292 344 183 129 139 156 266 529 867 874
Interest 6 4 4 5 4 5 5 6 8 0 0 0
Depreciation 31 34 25 35 34 37 48 59 92 89 99 0
Profit before tax 395 604 690 816 939 1,007 1,154 1,422 1,642 1,790 1,640 1,464
Tax % 7% 8% 9% 11% 13% 16% 17% 19% 19% 21% 11%
Net Profit 366 556 630 728 815 844 955 1,150 1,327 1,422 1,456 1,366
EPS in Rs 3.66 5.56 6.30 7.28 8.15 8.44 9.55 11.50 13.27 14.22 14.56 13.66
Dividend Payout % 0% 9% 8% 14% 15% 14% 16% 17% 15% 0% 17%
Compounded Sales Growth
10 Years: 18%
5 Years: 33%
3 Years: 34%
TTM: 24%
Compounded Profit Growth
10 Years: 14%
5 Years: 9%
3 Years: 4%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 27%
1 Year: 39%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 16%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Dec 2021
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Reserves 630 1,156 1,736 2,356 3,056 3,733 4,552 5,528 6,576 7,743 9,400 10,198
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0
39,615 46,085 50,978 57,284 70,064 78,696 96,687 115,193 139,157 156,837 216,430 251,629
Total Liabilities 41,244 48,240 53,714 60,640 74,121 83,429 102,240 121,720 146,734 165,580 226,830 262,828
280 263 283 304 292 301 507 511 563 568 894 535
CWIP 3 2 3 4 7 146 31 70 32 13 1 0
Investments 39,625 44,778 50,047 56,275 69,385 77,843 95,830 114,436 139,325 158,813 218,426 254,345
1,336 3,198 3,382 4,058 4,437 5,139 5,871 6,703 6,814 6,186 7,509 7,949
Total Assets 41,244 48,240 53,714 60,640 74,121 83,429 102,240 121,720 146,734 165,580 226,830 262,828

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
8,606 6,468 1,130 166 2,711 5,778 8,525 10,395 13,473 19,299 23,878
-8,125 -4,968 -227 -708 -178 -7,204 -9,032 -8,910 -13,552 -16,986 -19,203
0 0 -58 -58 -117 -144 -144 -221 -241 -198 3
Net Cash Flow 481 1,500 845 -600 2,416 -1,570 -651 1,264 -321 2,114 4,677

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 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 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -27 -11 -4 -2 0 -6 3 3 4 11 1
ROCE % 32% 28% 27% 25% 23% 23% 24% 22% 22% 15%

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
69.80 67.30 62.80 62.80 62.80 60.70 60.70 60.70 55.70 55.70 55.69 55.69
14.06 19.42 23.72 26.40 25.87 26.15 25.75 26.99 30.51 27.24 24.48 24.47
4.36 6.14 6.93 5.54 5.74 7.02 7.05 5.93 6.94 9.64 12.06 12.00
11.78 7.13 6.55 5.26 5.59 6.14 6.51 6.38 6.85 7.43 7.77 7.84

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