HDFC Life Insurance Company Ltd

HDFC Life Insurance Company Ltd

₹ 720 0.56%
17 Apr - 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

Parentage
HDFC Bank Ltd (HBL), the promoter group, holds a 50.3% stake as of Q3 FY25. As India’s largest private sector bank by balance sheet size, HBL and its subsidiaries offer a wide array of financial services, including non-banking financial services, insurance, asset management, and broking. [1] [2] [3]

  • Market Cap 1,55,026 Cr.
  • Current Price 720
  • High / Low 761 / 511
  • Stock P/E 85.6
  • Book Value 75.0
  • Dividend Yield 0.28 %
  • ROCE 7.43 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 27.4%

Cons

  • Stock is trading at 9.60 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 10.9% over last 3 years.
  • Earnings include an other income of Rs.463 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
17,482 6,690 23,083 19,577 20,857 23,371 23,142 26,927 28,041 26,934 28,497 17,300 24,191
17,228 6,386 22,815 19,787 21,215 23,045 23,557 26,663 27,766 26,623 28,807 16,852 23,814
Operating Profit 253 304 268 -210 -358 326 -415 264 275 311 -310 448 377
OPM % 1% 5% 1% -1% -2% 1% -2% 1% 1% 1% -1% 3% 2%
374 74 87 394 882 114 136 103 174 90 279 -29 124
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 628 378 355 184 525 440 -279 367 450 401 -30 419 500
Tax % 19% 4% 7% -72% 31% 5% -235% -0% 8% -20% -1,541% -1% 5%
506 361 329 316 362 417 378 368 412 479 435 421 475
EPS in Rs 2.40 1.71 1.53 1.47 1.68 1.94 1.76 1.71 1.91 2.23 2.02 1.96 2.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
17,166 27,215 18,141 30,647 32,260 38,855 29,380 71,528 67,126 70,207 101,482 96,922
16,561 26,341 17,187 29,674 31,186 37,640 28,239 70,294 66,348 70,127 100,951 96,095
Operating Profit 605 874 953 972 1,074 1,215 1,141 1,235 778 80 531 826
OPM % 4% 3% 5% 3% 3% 3% 4% 2% 1% 0% 1% 1%
241 79 108 139 282 136 369 445 766 1,437 525 463
Interest 11 -14 8 9 11 14 0 0 0 0 0 0
Depreciation 41 43 45 41 44 45 47 51 56 76 79 0
Profit before tax 794 924 1,008 1,061 1,300 1,291 1,463 1,629 1,487 1,441 977 1,290
Tax % 9% 15% 19% 16% 15% 1% 11% 16% 11% 5% -61% -40%
725 786 817 887 1,107 1,278 1,297 1,361 1,327 1,368 1,574 1,811
EPS in Rs 3.64 3.94 4.09 4.44 5.50 6.33 6.43 6.73 6.28 6.37 7.32 8.41
Dividend Payout % 14% 18% 22% 25% 25% 26% 0% 30% 27% 30% 27% 25%
Compounded Sales Growth
10 Years: 14%
5 Years: 27%
3 Years: 13%
TTM: -4%
Compounded Profit Growth
10 Years: 9%
5 Years: 7%
3 Years: 11%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: 9%
1 Year: 20%
Return on Equity
10 Years: 15%
5 Years: 12%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1,995 1,995 1,995 1,998 2,012 2,017 2,019 2,021 2,113 2,149 2,151 2,153
Reserves -67 546 1,108 1,828 2,693 3,625 4,788 6,619 13,501 10,844 12,515 14,002
0 0 0 0 0 0 0 600 600 950 950 2,950
50,347 66,767 73,441 91,270 105,778 124,378 125,417 170,415 214,521 234,126 287,071 330,307
Total Liabilities 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,655 230,734 248,069 302,687 349,412
279 346 335 337 336 370 322 585 6,605 997 1,549 609
CWIP 10 6 12 16 5 10 8 14 20 31 28 0
Investments 50,527 67,024 74,144 91,723 106,590 124,958 127,256 173,564 216,551 238,197 291,128 336,399
1,458 1,932 2,053 3,020 3,551 4,682 4,637 5,493 7,559 8,844 9,982 12,404
Total Assets 52,275 69,309 76,544 95,097 110,483 130,020 132,224 179,655 230,734 248,069 302,687 349,412

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,459 5,687 6,230 6,739 9,868 7,388 9,703 5,943 6,883 10,721
-3,514 -3,962 -5,177 -4,421 -10,182 -7,789 -8,952 -801 -10,071 -13,614
-168 -212 -236 -196 -337 38 678 -238 1,985 -403
Net Cash Flow 777 1,513 817 2,122 -651 -364 1,429 4,904 -1,203 -3,296

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0 0 2 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 2 0 0 0 0 0 0
Working Capital Days -11 -11 -27 -20 -25 -16 -17 -13 -11 -12 -8 -6
ROCE % 49% 41% 36% 31% 31% 23% 24% 20% 12% 10% 7% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.52% 50.32% 50.32% 50.31% 50.33% 50.39% 50.37% 50.37% 50.37% 50.34% 50.32% 50.32%
27.66% 28.81% 30.15% 29.85% 30.89% 30.53% 31.28% 30.03% 26.63% 25.63% 25.14% 24.95%
6.92% 6.88% 5.98% 6.42% 6.16% 6.87% 6.56% 7.93% 11.24% 13.25% 13.72% 14.10%
13.88% 13.97% 13.50% 13.36% 12.58% 12.18% 11.76% 11.64% 11.74% 10.75% 10.76% 10.61%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
No. of Shareholders 9,98,77910,35,1939,92,97510,05,7029,26,1388,75,8778,44,7288,58,8448,92,3557,83,8447,91,4477,71,949

* 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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