SBI Life Insurance Company Ltd

₹ 1,706 -0.76%

12 Jun - close price

About

SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A.^[1]

Key Points

Product Portfolio
The company offers a range of life insurance products, including 25 individual and 8 group plans across protection, pension, savings, and health solutions. Its portfolio includes participating, non-participating, pension, gratuity, leave encashment, superannuation, annuity, unit-linked, variable, health, and micro-insurance products. ^[1]^[2]

Website BSE NSE

Market Cap ₹ 1,71,115 Cr.
Current Price ₹ 1,706
High / Low ₹ 2,133 / 1,700
Stock P/E 69.3
Book Value ₹ 190
Dividend Yield 0.16 %
ROCE 15.0 %
ROE 13.7 %
Face Value ₹ 10.0

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Pros

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

Cons

Stock is trading at 8.97 times its book value
The company has delivered a poor sales growth of 6.52% over past five years.
Tax rate seems low
Earnings include an other income of Rs.1,948 Cr.
Dividend payout has been low at 12.2% of profits over last 3 years

* 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

Financial Services Financial Services Insurance Life Insurance

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty 500 Nifty 100 BSE Dollex 100 Nifty Services Sector Nifty 200 Nifty Financial Services Nifty Low Volatility 50 Nifty Alpha 50 Nifty 100 Equal Weight BSE Financial Services BSE SENSEX 50 BSE 100 ESG Index (INR) BSE 250 LargeMidCap Index BSE Dividend Stability Index BSE Low Volatility Index BSE Momentum Index Nifty 50 Equal Weight Nifty 100 Low Volatility 30 BSE 100 LargeCap TMC Index Nifty200 Momentum 30 Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty Financial Services 25/50 Nifty100 ESG Nifty Total Market Nifty Alpha Low-Volatility 30 BSE SENSEX Next 30 Nifty100 Enhanced ESG BSE Capital Markets & Insurance BSE 200 Equal Weight BSE Sensex Sixty 65:35 BSE Sensex Sixty Nifty 100 Alpha 30 Index Nifty Financial Services Ex-Bank Nifty500 Equal Weight Nifty Rural Nifty500 LargeMidSmall Equal-Cap Weighted BSE India 150 BSE 1000 BSE 500 Momentum 50 Nifty India FPI 150

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	21,296	27,895	28,805	39,033	36,255	34,654	40,302	18,862	23,071	38,996	23,115	46,133	4,071
	22,197	27,471	28,392	38,681	37,043	34,060	39,696	18,266	23,520	38,333	22,600	45,517	5,117
Operating Profit	-901	424	413	352	-788	594	606	596	-449	664	516	615	-1,046
OPM %	-4%	2%	1%	1%	-2%	2%	2%	3%	-2%	2%	2%	1%	-26%
	1,723	9	12	18	1,639	3	-4	-3	1,350	-8	16	27	1,913
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	822	433	424	370	851	597	601	594	901	656	532	642	867
Tax %	5%	12%	10%	13%	5%	13%	12%	7%	10%	9%	7%	10%	7%
	777	381	380	322	811	520	529	551	814	594	495	577	805
EPS in Rs	7.76	3.81	3.80	3.21	8.10	5.19	5.28	5.50	8.12	5.93	4.93	5.75	8.02
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	23,299	19,324	30,548	34,068	44,604	43,798	81,913	82,983	80,636	131,988	116,888	112,315
	22,505	18,404	29,479	32,736	43,130	42,447	81,040	82,254	78,713	129,884	114,112	111,566
Operating Profit	794	920	1,068	1,332	1,474	1,351	872	730	1,923	2,104	2,776	749
OPM %	3%	5%	4%	4%	3%	3%	1%	1%	2%	2%	2%	1%
	183	129	139	156	266	529	867	1,032	51	50	0	1,948
Interest	4	5	5	6	8	0	0	0	0	0	0	0
Depreciation	34	37	48	59	92	89	99	75	68	76	84	0
Profit before tax	939	1,007	1,154	1,422	1,642	1,790	1,640	1,687	1,906	2,078	2,693	2,697
Tax %	13%	16%	17%	19%	19%	21%	11%	11%	10%	9%	10%	8%
	815	844	955	1,150	1,327	1,422	1,456	1,506	1,721	1,894	2,413	2,470
EPS in Rs	8.15	8.44	9.55	11.50	13.27	14.22	14.56	15.05	17.19	18.91	24.08	24.63
Dividend Payout %	15%	14%	16%	17%	15%	0%	17%	13%	15%	14%	11%	11%

Compounded Sales Growth
10 Years:	19%
5 Years:	7%
3 Years:	12%
TTM:	-4%

Compounded Profit Growth
10 Years:	11%
5 Years:	11%
3 Years:	13%
TTM:	2%

Stock Price CAGR
10 Years:	%
5 Years:	11%
3 Years:	10%
1 Year:	-3%

Return on Equity
10 Years:	15%
5 Years:	14%
3 Years:	14%
Last Year:	14%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,001	1,001	1,002	1,003
Reserves	3,056	3,733	4,552	5,528	6,576	7,743	9,400	10,622	12,017	13,907	15,983	18,083
	0	0	0	0	0	0	0	0	0	0	0	0
	70,064	78,696	96,687	115,193	139,157	156,837	216,430	261,715	301,582	383,369	440,110	480,960
Total Liabilities	74,121	83,429	102,240	121,720	146,734	165,580	226,830	273,337	314,599	398,277	457,095	500,046
	292	301	507	511	563	568	564	919	520	551	580	688
CWIP	7	146	31	70	32	13	1	3	1	6	10	0
Investments	69,385	77,843	95,830	114,436	139,325	158,813	218,756	264,437	304,334	385,590	447,467	486,367
	4,437	5,139	5,871	6,703	6,814	6,186	7,509	7,978	9,743	12,130	9,038	12,991
Total Assets	74,121	83,429	102,240	121,720	146,734	165,580	226,830	273,337	314,599	398,277	457,095	500,046

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,711	5,778	8,525	10,395	13,473	19,299	23,878	21,852	28,656	29,122	25,547	34,523
	-178	-7,204	-9,032	-8,910	-13,552	-16,986	-19,203	-21,611	-30,203	-31,221	-21,789	-35,318
	-117	-144	-144	-221	-241	-198	3	-231	-415	-227	-215	-179
Net Cash Flow	2,416	-1,570	-651	1,264	-321	2,114	4,677	10	-1,962	-2,327	3,543	-974
Free Cash Flow	2,687	5,600	8,377	10,288	13,325	19,210	23,763	21,785	28,581	29,008	25,441	34,338
CFO/OP	341%	628%	798%	780%	955%	1,473%	2,802%	3,094%	1,532%	1,426%	956%	4,745%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0	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	0
Working Capital Days	0	-6	3	3	4	11	1	-3	1	4	2	4
ROCE %	25%	23%	23%	24%	22%	22%	17%	15%	15%	15%	17%	15%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Assets Under Management (AUM)
₹ Billion

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xx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
xx,xxx	xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx

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New Business Premium (NBP)
₹ Billion

Number of Individual Agents
Absolute

Private Market Share (Individual Rated Premium)
%

Solvency Ratio
x

Value of New Business (VoNB) Margin
%

13th Month Persistency (Premium Basis)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	55.45%	55.44%	55.43%	55.42%	55.41%	55.39%	55.38%	55.38%	55.37%	55.36%	55.34%	55.33%
	26.22%	26.17%	25.92%	25.16%	24.70%	25.18%	22.48%	21.88%	22.34%	21.85%	21.88%	21.51%
	14.15%	14.27%	14.63%	15.40%	15.88%	15.32%	17.91%	18.67%	18.24%	18.70%	18.72%	19.13%
	4.19%	4.11%	4.01%	4.01%	3.98%	4.10%	4.22%	4.06%	4.05%	4.09%	4.05%	4.02%
No. of Shareholders	3,58,088	3,49,407	3,38,525	3,35,114	3,45,541	3,35,864	3,74,916	3,63,505	3,55,321	3,57,764	3,52,496	3,54,662

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	84.10%	69.80%	62.80%	55.70%	55.48%	55.45%	55.42%	55.38%	55.33%
	4.44%	14.06%	25.87%	30.51%	24.15%	25.14%	25.16%	21.88%	21.51%
	4.41%	4.36%	5.74%	6.94%	12.46%	15.09%	15.40%	18.67%	19.13%
	7.05%	11.78%	5.59%	6.85%	7.91%	4.34%	4.01%	4.06%	4.02%
No. of Shareholders	3,88,613	3,25,560	3,21,095	4,01,475	4,08,081	3,74,674	3,35,114	3,63,505	3,54,662

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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