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HDFC Life Insurance Company Ltd

NSE: HDFCLIFE BSE: 540777Finance

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)

₹603
52W: ₹555 — ₹821
PE 68.2 · Book ₹82 · +635% vs book
Market Cap₹1,30,181 Cr
Stock P/E68.2Price to Earnings
ROCE10.3%Return on Capital
ROE11.3%Return on Equity
Div. Yield0.34%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 25.4%

Weaknesses

  • −Stock is trading at 7.29 times its book value
  • −The company has delivered a poor sales growth of 6.73% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 10.8% over last 3 years.
  • −Earnings include an other income of Rs.796 Cr.

Shareholding Pattern

Promoters50.21%
FIIs22.52%
DIIs17.25%
Public10%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.37%50.34%▼0.050.32%▼0.050.32%50.28%▼0.050.25%▼0.050.21%▼0.050.21%
FIIs26.63%25.63%▼1.025.14%▼0.524.96%▼0.224.75%▼0.224.82%▲0.124.27%▼0.622.52%▼1.8
DIIs11.24%13.25%▲2.013.72%▲0.514.1%▲0.414.57%▲0.514.59%▲0.015.23%▲0.617.25%▲2.0
Public11.74%10.75%▼1.010.76%▲0.010.6%▼0.210.37%▼0.210.32%▼0.010.25%▼0.110%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales26,88627,99226,89128,44917,23524,11129,38120,54829,31219,727
Expenses26,61327,69926,56528,74216,77523,71028,92120,20729,01019,577
Operating Profit274293326-293460401460341302150
OPM %1%1%1%-1%3%2%2%2%1%1%
Net Profit365412478433415477546447421496
EPS ₹1.71.912.222.011.932.212.542.071.952.3

AI Insights

Revenue Trend

Mar 2026 revenue at ₹98,968Cr, up 2.4% YoY. OPM at 1%.

Debt Position

Borrowings at ₹3,099Cr. Debt-to-equity ratio: 0.20x. Healthy balance sheet.

Institutional Flow

DIIs: 17.25% (+11.09pp change). FIIs: 22.52% (-8.37pp change). Promoters hold 50.21%.

Margin & Efficiency

ROCE declining from 41% (Mar 2015) to 10% (Mar 2026). Working capital days: -6.

Valuation

PE 68.2x with 10.3% ROCE. Price is 635% above book value of ₹82. Dividend yield: 0.34%.

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