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Swing Capital

SBI Life Insurance Company Ltd

NSE: SBILIFE BSE: 540719Banking

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]

₹1,860
52W: ₹1720 — ₹2133
PE 75.5 · Book ₹190 · +879% vs book
Market Cap₹1,86,601 Cr
Stock P/E75.5Price to Earnings
ROCE15%Return on Capital
ROE13.7%Return on Equity
Div. Yield0.14%Face Value ₹10

Strengths

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

Weaknesses

  • −Stock is trading at 9.75 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

Shareholding Pattern

Promoters55.33%
FIIs21.51%
DIIs19.13%
Public4.02%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.41%55.39%▼0.055.38%▼0.055.38%55.37%▼0.055.36%▼0.055.34%▼0.055.33%▼0.0
FIIs24.7%25.18%▲0.522.48%▼2.721.88%▼0.622.34%▲0.521.85%▼0.521.88%▲0.021.51%▼0.4
DIIs15.88%15.32%▼0.617.91%▲2.618.67%▲0.818.24%▼0.418.7%▲0.518.72%▲0.019.13%▲0.4
Public3.98%4.1%▲0.14.22%▲0.14.06%▼0.24.05%▼0.04.09%▲0.04.05%▼0.04.02%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales39,03336,25534,65440,30218,86223,07138,99623,11546,1334,071
Expenses38,68137,04334,06039,69618,26623,52038,33322,60045,5175,117
Operating Profit352-788594606596-449664516615-1,046
OPM %1%-2%2%2%3%-2%2%2%1%-26%
Net Profit322811520529551814594495577805
EPS ₹3.218.15.195.285.58.125.934.935.758.02

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,12,315Cr, down 3.9% YoY. OPM at 1%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 19.13% (+4.98pp change). FIIs: 21.51% (-4.71pp change). Promoters hold 55.33%.

Margin & Efficiency

ROCE declining from 25% (Mar 2015) to 15% (Mar 2026). Working capital days: 4.

Valuation

PE 75.5x with 15% ROCE. Price is 879% above book value of ₹190. Dividend yield: 0.14%.

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