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HDFC Life Insurance Company Ltd

₹ 7782.44%
06 Jan – close price
🔗hdfclife.com•BSE: 540777•NSE: HDFCLIFE
Market Cap₹ 1,67,770 Cr.
Current Price₹ 778
High / Low₹ 821
Stock P/E89.0
Book Value₹ 78.5
Dividend Yield0.27 %
ROCE6.53 %
ROE10.8 %
Face Value₹ 10.0
Sales₹ 91,276 Cr.
OPM1.82 %
Mar Cap₹ 1,67,770 Cr.

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

ParentageHDFC Bank, the promoter group, holds 50.25% stake as of Q2 FY26. 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Life Insurance850.0510.52537656.431.4110095.9230.66241524.294.5053.13913081.595.8551102.8510098.483.790.870.00
2.SBI Life Insuran2095.8085.67210173.080.13494.59-6.5823115.32-42.6416.88104044.751.282453.29494.5911.480.560.00
3.HDFC Life Insur.777.8589.00167770.260.27447.153.2720548.23-27.776.5391275.621.821885.09447.159.910.510.14
4.ICICI Pru Life688.4576.2699669.820.12295.8317.8711935.93-52.5611.9457561.031.481307.01295.837.830.390.20
5.Max Financial1731.30365.8659749.720.005.87-96.339791.59-26.778.1343911.670.57163.314.1511.270.230.34
6.Canara HSBC148.99117.2814154.050.0040.8110.692347.94-29.358.7310709.571.22116.7540.81–0.290.00
–Median: 6 Co.813.9587.34133720.040.12371.496.9816242.08-28.5610.3474418.321.381596.05371.499.910.450.07

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
19,55126,88617,23523,34026,89129,38120,81227,99224,11123,05323,09728,44920,548
Expenses
19,75426,61316,77523,00626,56528,92121,16527,69923,71022,78223,50328,74220,207
Operating Profit
-203274460334326460-353293401272-406-293341
Other Income
38691-491047314087315610080125260128
Profit before tax
183364411438399601521449501352-281-33469
Tax %
-72%-0%-1%5%-20%9%31%8%5%7%-234%-1,408%5%
Net Profit
315365415415478546359412477326377433447
EPS in Rs
1.471.701.931.932.222.541.671.912.211.521.752.012.07

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
17,16427,21318,13830,64232,24638,36029,35171,44765,40270,081101,31696,68791,276
Expenses
16,55926,33917,47329,66531,17037,51728,21170,16664,73169,982100,63095,60089,613
Operating Profit
6058746659771,0768431,1401,2826711006861,0871,663
Other Income
241793981392815063674427461,407363293319
Interest
11-1489111404500000
Depreciation
41434541444546515275781020
Profit before tax
7949241,0101,0661,3021,2901,4611,6281,3651,4329711,2781,982
Net Profit
7257868188921,1091,2771,2951,3601,2081,3601,5691,8021,885
EPS in Rs
3.643.944.104.465.516.336.426.735.726.337.298.378.75
Dividend Payout %
14%18%22%25%25%26%0%30%30%30%27%25%–

Compounded Profit Growth

10 Years:8%
5 Years:5%
3 Years:11%
TTM:12%

Compounded Sales Growth

10 Years:14%
5 Years:27%
3 Years:14%
TTM:-17%

Return on Equity

10 Years:15%
5 Years:11%
3 Years:10%
Last Year:11%

Stock Price CAGR

10 Years:%
5 Years:2%
3 Years:8%
1 Year:25%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1,9951,9951,9951,9982,0122,0172,0192,0212,1132,1492,1512,1532,156
Reserves
-665471,1131,8402,7073,6384,7816,61713,37310,83712,50113,97314,774
Borrowings
00000006006009509502,9502,350
Other Liabilities
50,34766,76773,44091,267105,762124,350125,362170,344194,303233,985286,905330,058351,331
Total Liabilities
52,27569,30976,54995,106110,481130,005132,162179,582210,389247,922302,507349,133370,611
Fixed Assets
2793453343373363233225849649961,5452,135666
Gross Block
533.01627.89646.55679.49715.78732.03766.621,053.721,422.431,656.142,236.232,846.70–
Accumulated Depreciation
254.45282.43312.37342.67379.65408.92444.91469.57458.19660.25691.14711.28–
CWIP
10612165108131930271090
Investments
50,52967,02574,23091,738106,603124,972127,226173,582203,530238,136291,064334,638359,999
Other Assets
1,4571,9321,9723,0163,5374,7004,6065,4025,8768,7609,87112,2519,946
Total Assets
52,27569,30976,54995,106110,481130,005132,162179,582210,389247,922302,507349,133370,611

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
–4,4615,6906,2396,7419,8717,3619,7035,5406,88210,72515,598
Cash from Investing Activity
–-3,516-4,045-5,106-4,423-10,186-7,773-8,995-1,402-10,072-13,632-13,622
Cash from Financing Activity
–-168-212-236-196-33738678-2381,985-4031,607
Net Cash Flow
–7771,4338972,122-652-3741,3863,900-1,206-3,3103,584

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
000002000000
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
000002000000
Working Capital Days
-6-11-27-20-25-17-17-13-12-12-8-6
ROCE %
49%41%36%31%31%25%23%21%11%10%5%7%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
50.32%50.31%50.33%50.39%50.37%50.37%50.37%50.34%50.32%50.32%50.28%50.25%
FIIs
30.15%29.85%30.89%30.53%31.28%30.03%26.63%25.63%25.14%24.96%24.75%24.82%
DIIs
5.98%6.42%6.16%6.87%6.56%7.93%11.24%13.25%13.72%14.10%14.57%14.59%
Public
13.50%13.36%12.58%12.18%11.76%11.64%11.74%10.75%10.76%10.60%10.37%10.32%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

HDFC Life Board Meeting for Annual and Q4 FY'26 Results Scheduled for April 16, 2026

31st March 2026, 11:46 pm

HDFC Life Insurance Discloses Income Tax Order With ₹172.01 Crore Demand; Plans Appeal

24th March 2026, 10:01 pm

HDFC Life Allots Over 2 Lakh Equity Shares Under ESOPs

18th March 2026, 10:14 pm

HDFC Life to Participate in Morgan Stanley Investor Seminar on March 19, 2026

9th March 2026, 9:05 pm

HDFC Life Grants 10,000 Stock Options Under ESOP 2022

9th March 2026, 2:33 am

Published by Other Websites

External media mentions & references

Markets Rally 1.5% on Geopolitical Calm; Nifty Surges Past 22,600

1st April 2026, 4:05 pm

Nifty Crosses 22,800; IndiGo Soars 8% Amid Geopolitical Watch

1st April 2026, 1:10 pm

India's Ageing Boom: 4 Financial Stocks Set to Profit from Demographic Shift

28th March 2026, 6:37 am

United Spirits Sells RCB for ₹16,660 Cr; BEL, Jindal Steel in Focus

25th March 2026, 8:02 am

March 25 Stocks Focus: Sanathan, Welspun, JB Chem Lead Movers

25th March 2026, 7:32 am

News Articles

Editorial & research coverage

Trade Deal Hopes Face Earnings Reality, Sectoral Divergence
Trade Deal Hopes Face Earnings Reality, Sectoral Divergence

10th February 2026, 5:35 pm

Insurers' Divergent Paths: Growth Shifts, Valuations Diverge, Regulatory Fog
Insurers' Divergent Paths: Growth Shifts, Valuations Diverge, Regulatory Fog

10th February 2026, 11:10 am

Indian Life Insurers: Growth Slows, LIC Gains Share Amid Mixed Outlook
Indian Life Insurers: Growth Slows, LIC Gains Share Amid Mixed Outlook

10th February 2026, 10:35 am

Axis Max Life Leads Insurers; Sector Momentum Shifts
Axis Max Life Leads Insurers; Sector Momentum Shifts

9th February 2026, 5:21 pm

India Life Insurers Show Strong Claim Payouts Amid Sector Growth
India Life Insurers Show Strong Claim Payouts Amid Sector Growth

9th February 2026, 3:59 pm

Documents

Announcements

Board Meeting Intimation for Approval Of Financial Results For The Quarter And Nine Months Ended December 31, 2025

31 Dec - Board meeting Jan 15, 2026 to approve unaudited Q3 and nine-months results; trading window closed Jan 1–17, 2026.

Newspaper Advertisement-Transfer Of Dividend/Equity Shares To IEPF Account

23 Dec - Notice (Dec 23, 2025) of transfer of unclaimed dividends/shares to IEPF, published in newspapers.

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment Of Non-Convertible Debentures.

15 Dec - Allotted 74,900 subordinated debentures worth ₹749 crore; 10-year, 7.63% coupon; rated AAA; allotted Dec 15, 2025.

Outcome Of The Capital Raising Committee Meeting Held On December 08, 2025 - Approval Of Terms Of Issuance Of Non-Convertible Debentures

8 Dec - HDFC Life approved private placement of up to ₹750 crore subordinated NCDs (₹700cr plus ₹50cr green shoe), 10-year tenure.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2007

(from bse)

Credit Ratings

Rating update

28 Nov 2025 from care

Rating update

26 Nov 2025 from icra

Rating update

8 Sep 2025 from care

Rating update

29 Aug 2025 from icra

Rating update

28 Jan 2025 from crisil

Rating update

10 Sep 2024 from care

Concalls

Oct 2025

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Nov 2022

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May 2022

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Aug 2018

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Stock Analysis

Description

  1. HDFC Life Insurance Company is engaged in carrying on the business of life insurance, offering a range of individual and group insurance solutions including Protection, Pension, and Savings products.

Key Growth Triggers

  1. The company reiterated its goal of doubling VNB in 4 to 4.5 years.
  2. Management is positive on the impact of GST reduction, expecting it to boost VNB and drive higher sector penetration and long-term growth.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Stock is trading at 9.91 times its book value.
  2. Tax rate seems low.
  3. Company has a low return on equity of 10.2% over last 3 years.

Key Dates To Watch

  1. January 21, 2026: Goldman Sachs 2026 Asia Financials Corporate Day (Virtual).
  2. January 27, 2026: HSBC Global Insurance Conference 2026.

Corporate Announcements

31st Mar 26
Impact Rating: 1
No description available.
24th Mar 26
Impact Rating: 7
HDFC Life Insurance disclosed an Income Tax Order for AY 2023-24, involving ₹126.46 crore tax and ₹45.55 crore interest. The company asserted no adverse financial impact and plans to contest the order via appeal.
18th Mar 26
Impact Rating: 7
On March 18, 2026, HDFC Life Insurance Company Limited allotted 2,03,686 equity shares to eligible employees under various Employee Stock Option Schemes, thereby adjusting its total paid-up equity share capital.
9th Mar 26
Impact Rating: 6
HDFC Life announced that its senior management will engage with investors during the Morgan Stanley Virtual India Financials Seminar on March 19, 2026, as per SEBI regulations.
8th Mar 26
Impact Rating: 7
HDFC Life announced the grant of 10,000 stock options under its Employee Stock Option Scheme 2022. These options have a grant price of ₹668.55, vesting over two years from March 8, 2026.