SBI Life Insurance Company Ltd

SBI Life Insuran Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SBI Life Insurance Company Ltd

₹ 1,470 -0.39%
20 Feb - close price
sbilife.co.in BSE: 540719 NSE: SBILIFE
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 23 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 ₹ 1,47,818 Cr.
  • Current Price ₹ 1,470
  • High / Low ₹ 1,936 / 1,307
  • Stock P/E 61.3
  • Book Value ₹ 166
  • Dividend Yield 0.18 %
  • ROCE 13.2 %
  • ROE 12.0 %
  • 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 8.87 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 12.9% over last 3 years.
  • Earnings include an other income of Rs.1,636 Cr.
  • Dividend payout has been low at 14.0% 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

Sector: Insurance Industry: Finance & Investments

Part of BSE 100 Nifty 50 Nifty 100 Equal Weight Nifty100 ESG Nifty 500 Multicap 50:25:25

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
20,672 20,671 4,806 27,717 26,817 21,296 27,895 28,805 39,033 36,255 34,654 40,302 18,862
20,272 20,941 4,516 27,292 26,483 22,197 27,471 28,392 38,681 37,043 34,060 39,696 18,266
Operating Profit 400 -270 290 426 333 -901 424 413 352 -788 594 606 596
OPM % 2% -1% 6% 2% 1% -4% 2% 1% 1% -2% 2% 2% 3%
10 995 11 11 13 1,723 9 12 18 1,639 3 -4 -3
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 410 725 301 437 346 822 433 424 370 851 597 601 594
Tax % 11% 7% 13% 14% 12% 5% 12% 10% 13% 5% 13% 12% 7%
364 672 263 377 304 777 381 380 322 811 520 529 551
EPS in Rs 3.64 6.72 2.63 3.76 3.04 7.76 3.81 3.80 3.21 8.10 5.19 5.28 5.50
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14,870 17,258 23,299 19,324 30,548 34,068 44,604 43,798 81,913 82,983 80,636 131,988 130,073
14,443 16,747 22,505 18,404 29,479 32,736 43,130 42,447 81,040 82,254 80,514 131,742 129,065
Operating Profit 427 511 794 920 1,068 1,332 1,474 1,351 872 730 122 246 1,007
OPM % 3% 3% 3% 5% 4% 4% 3% 3% 1% 1% 0% 0% 1%
292 344 183 129 139 156 266 529 867 1,032 1,862 1,917 1,636
Interest 4 5 4 5 5 6 8 0 0 0 10 9 0
Depreciation 25 35 34 37 48 59 92 89 99 75 68 76 0
Profit before tax 690 816 939 1,007 1,154 1,422 1,642 1,790 1,640 1,687 1,906 2,078 2,643
Tax % 9% 11% 13% 16% 17% 19% 19% 21% 11% 11% 10% 9%
630 728 815 844 955 1,150 1,327 1,422 1,456 1,506 1,721 1,894 2,411
EPS in Rs 6.30 7.28 8.15 8.44 9.55 11.50 13.27 14.22 14.56 15.05 17.19 18.91 24.07
Dividend Payout % 8% 14% 15% 14% 16% 17% 15% 0% 17% 13% 15% 14%
Compounded Sales Growth
10 Years: 23%
5 Years: 24%
3 Years: 17%
TTM: 11%
Compounded Profit Growth
10 Years: 9%
5 Years: 6%
3 Years: 5%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 9%
1 Year: -2%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 13%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,001 1,001 1,002
Reserves 1,736 2,356 3,056 3,733 4,552 5,528 6,576 7,743 9,400 10,622 12,017 13,907 15,257
0 0 0 0 0 0 0 0 0 0 0 0 0
50,978 57,284 70,064 78,696 96,687 115,193 139,157 156,837 216,430 261,715 301,582 383,390 432,238
Total Liabilities 53,714 60,640 74,121 83,429 102,240 121,720 146,734 165,580 226,830 273,337 314,599 398,299 448,497
283 304 292 301 507 511 563 568 564 919 867 1,198 563
CWIP 3 4 7 146 31 70 32 13 1 3 1 6 0
Investments 50,047 56,275 69,385 77,843 95,830 114,436 139,325 158,813 218,756 264,437 303,988 384,943 435,926
3,382 4,058 4,437 5,139 5,871 6,703 6,814 6,186 7,509 7,978 9,743 12,152 12,009
Total Assets 53,714 60,640 74,121 83,429 102,240 121,720 146,734 165,580 226,830 273,337 314,599 398,299 448,497

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,130 166 2,711 5,778 8,525 10,395 13,473 19,299 23,878 21,852 28,656 29,122
-227 -708 -178 -7,204 -9,032 -8,910 -13,552 -16,986 -19,203 -21,611 -30,203 -31,221
-58 -58 -117 -144 -144 -221 -241 -198 3 -231 -415 -227
Net Cash Flow 845 -600 2,416 -1,570 -651 1,264 -321 2,114 4,677 10 -1,962 -2,327

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 -5 -2 0 -6 3 3 4 11 1 -3 1 4
ROCE % 28% 27% 25% 23% 23% 24% 22% 22% 17% 15% 15% 13%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
55.48% 55.48% 55.46% 55.45% 55.45% 55.45% 55.44% 55.43% 55.42% 55.41% 55.39% 55.38%
24.15% 23.90% 24.33% 25.09% 25.14% 26.22% 26.17% 25.92% 25.16% 24.70% 25.18% 22.48%
12.46% 12.29% 15.65% 14.93% 15.09% 14.15% 14.27% 14.63% 15.40% 15.88% 15.32% 17.91%
7.91% 8.33% 4.56% 4.54% 4.34% 4.19% 4.11% 4.01% 4.01% 3.98% 4.10% 4.22%
No. of Shareholders 4,08,0814,03,4073,93,3983,84,7723,74,6743,58,0883,49,4073,38,5253,35,1143,45,5413,35,8643,74,916

* 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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