HDFC Life Insurance Company Ltd.

•

hdfclife.comBSE: 540777NSE: HDFCLIFE

Market Cap₹ 1,11,747 Cr.

Current Price

High / Low₹ 797 / 509

Stock P/E56.6

Book Value₹ 90

Price to Book7.32

Dividend Yield0.41 %

ROCE10.0 %

ROE11.5 %

Face Value₹ 10

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AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Stock looks reasonably valued - P/E of 56.6 is below its historical median
Company has a consistent dividend-paying track record

CONS

Company is loss-making at the operating / net level
Operating margins have contracted to -26.6% from 2.7%
Effective tax rate is unusually low at 4.8% - earnings may be flattered
Company has delivered a poor profit growth of 7.0% over past five years
Expensive relative to growth - PEG of 4.7
Company's return on assets is weak at 0.5%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesInsuranceInsurance

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY FIN SERVICE NIFTY TOTAL MKT

S.No.	Name
1.	LICI	407.30	8.58	515234.31	2.46	135866.90	23.98	1276231.60	6.69	37.75	-76.97
2.	SBILIFE	1685.00	65.00	169064.40	0.16	7249.30	21.97	200782.10	16.88	14.15	-127.01
3.	HDFCLIFE	514.35	56.58	111747.11	0.41	611.19	11.46	16727.63	15.05	10.01	-98.79
4.	ICICIGI	1487.00	30.60	74290.94	0.91	4031.70	439.66	59500.40	1058.48	23.62	-10.35
5.	ICICIPRULI	460.00	39.63	66756.14	0.36	623.91	61.94	19180.08	17.17	11.82	79.46
6.	GICRE	350.05	6.92	61412.77	3.79	1743.67	-31.10	11097.77	-1.56	22.43	-10.45
7.	NIACL	205.75	44.08	33907.60	0.73	-2391.50	-695.39	97472.80	934.31	5.44	-24.14
8.	STARHEALTH	571.40	39.84	33633.95	0.00	549.73	109.40	4917.20	24.86	9.70	2.89
9.	GODIGIT	253.50	47.63	23452.42	0.00	86.39	-37.55	2006.96	7.61	13.56	-15.23
10.	NIVABUPA	79.57	40.88	14717.62	0.00	137.80	250.70	2273.72	86.37	3.75	-0.22
11.	CANHLIFE	149.55	108.18	14207.25	0.27	281.40	1101.54	20475.20	1138.35	8.35	-112.52

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	11,480	14,756	15,235	20,488	12,510	16,570	16,771	23,766	14,466	18,777	18,242	25,829	16,548
	23,006	23,502	26,611	27,699	26,565	28,742	16,775	23,710	28,921	20,207	29,010	19,577	32,984
Operating Profit	-11,526	-8,746	-11,376	-7,211	-14,056	-12,173	-3	56	-14,455	-1,430	-10,767	6,252	-16,436
OPM %	-100.40%	-59.27%	-74.67%	-35.19%	-112.36%	-73.46%	-0.02%	0.23%	-99.92%	-7.62%	-59.02%	24.21%	-99.32%
	11,965	8,465	11,740	7,660	14,455	12,140	415	445	15,056	1,899	11,214	-5,720	17,110
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	438	-281	364	449	399	-33	411	501	601	469	447	532	674
Tax %	5.26%	234.18%	-0.18%	8.40%	-19.68%	1408.13%	-0.91%	4.83%	9.06%	4.63%	5.87%	6.91%	9.24%
Net Profit	415	377	365	412	478	433	415	477	546	447	421	496	611
	1.93	1.75	1.70	1.91	2.22	2.01	1.93	2.21	2.54	2.08	1.95	2.30	2.83

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	0	0	0	79,397
	0	0	0	0	0	0	0	0	0	0	1,01,778
Operating Profit	0	0	0	0	0	0	0	0	0	0	-22,381
OPM %	—	—	—	—	—	—	—	—	—	—	-28.19%
	0	13	21	19	0	0	63	13	0	0	24,503
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	914	1,127	1,290	1,312	1,353	1,180	1,272	1,564	1,866	1,955	2,122
Tax %	2.41%	1.57%	1.02%	1.26%	-0.49%	-2.33%	-6.89%	-0.32%	3.43%	2.30%	6.93%
Net Profit	892	1,109	1,277	1,295	1,360	1,208	1,360	1,569	1,802	1,910	1,975
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.29	8.37	8.85	—
Dividend Payout %	24.64%	24.67%	25.75%	0.00%	30.01%	29.74%	30.03%	27.42%	25.09%	23.72%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: 7%
3 Years:: 12%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -7%
3 Years:: -8%
1 Year:: -32%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 11%
3 Years:: 12%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,998	2,012	2,017	2,019	2,021	2,113	2,149	2,151	2,153	2,158
	1,808	2,706	3,641	4,968	6,407	13,285	10,815	12,050	13,526	15,237
	0	0	0	0	600	600	950	950	2,950	3,099
	87,480	1,01,117	1,19,225	1,20,199	1,64,038	1,88,163	2,25,705	2,78,578	3,20,905	3,58,508
Total Liabilities	91,286	1,05,835	1,24,883	1,27,185	1,73,066	2,04,161	2,39,619	2,93,729	3,39,534	3,79,002
	337	336	323	322	327	323	350	389	492	599
Capital Work in Progress	16	5	10	8	13	19	30	27	109	138
Cash & Bank	796	1,108	1,240	680	1,036	1,087	1,137	1,529	1,770	1,923
	90,137	1,04,385	1,23,310	1,26,175	1,71,690	2,02,731	2,38,102	2,91,784	3,37,163	3,76,342
Total Assets	91,286	1,05,835	1,24,883	1,27,185	1,73,066	2,04,161	2,39,619	2,93,729	3,39,534	3,79,002

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,814	7,481	10,767	8,288	10,584	6,578	11,214	10,725	15,598	22,502
Cash from Investing	-5,106	-4,423	-10,186	-7,782	-8,995	-1,402	-10,072	-13,632	-13,622	-23,753
Cash from Financing	-236	-196	-337	38	678	-238	1,985	-403	1,607	-275
	897	2,122	-652	-374	1,386	3,900	-1,206	-3,310	3,584	-1,525

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.37	50.34	50.32	50.32	50.28	50.25	50.21	50.21	50.54
	26.62	25.62	25.13	24.94	24.74	24.81	24.26	22.51	19.26
	11.24	13.25	13.72	14.10	14.57	14.59	15.23	17.25	20.19
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.76	10.80	10.81	10.63	10.39	10.35	10.30	10.03	10.01

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - HDFC Life Insurance Company Limited has informed the Exchange about Schedule of meet

2026-08-26

Allotment of Securities

2026-08-26 - HDFC Life Insurance Company Limited has informed the Exchange regarding allotment of 114000 equity shares under Employee Stock Option Schemes

2026-08-19

Updates

2026-08-19 - HDFC Life Insurance Company Limited has informed the Exchange regarding 'Approval from the Insurance Regulatory and Development Authority of India (IRDAI) for re-appointment of Executive Directors'.

2026-08-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - HDFC Life Insurance Company Limited has informed the Exchange about Schedule of meet

2026-07-22

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-22 - HDFC Life Insurance Company Limited has informed the Exchange about Transcript

2026-07-16

Shareholders meeting

2026-07-16 - HDFC Life Insurance Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 16, 2026

2026-07-15

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-15 - HDFC Life Insurance Company Limited has informed the Exchange about Link of Recording

2026-07-15

Cessation

2026-07-15 - HDFC Life Insurance Company Limited has informed the Exchange regarding Cessation of Mr Sumit Bose as Independent Director, of the company w.e.f. July 18, 2026 upon completion of his tenure of two consecutive terms of five years

2026-07-15

Statement of deviation(s) or variation(s) under Reg. 32

2026-07-15 - HDFC Life Insurance Company Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

News

Recent coverage and analyst commentary for HDFCLIFE

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HDFC Life Insurance Company Ltd.

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Free 5nance Account

Name

LICI

407.30

8.58

515234.31

2.46

135866.90

23.98

1276231.60

6.69

37.75

-76.97

SBILIFE

1685.00

65.00

169064.40

0.16

7249.30

21.97

200782.10

16.88

14.15

-127.01

HDFCLIFE

514.35

56.58

111747.11

0.41

611.19

11.46

16727.63

15.05

10.01

-98.79

ICICIGI

1487.00

30.60

74290.94

0.91

4031.70

439.66

59500.40

1058.48

23.62

-10.35

ICICIPRULI

460.00

39.63

66756.14

0.36

623.91

61.94

19180.08

17.17

11.82

79.46

GICRE

350.05

6.92

61412.77

3.79

1743.67

-31.10

11097.77

-1.56

22.43

-10.45

NIACL

205.75

44.08

33907.60

0.73

-2391.50

-695.39

97472.80

934.31

5.44

-24.14

STARHEALTH

571.40

39.84

33633.95

0.00

549.73

109.40

4917.20

24.86

9.70

2.89

GODIGIT

253.50

47.63

23452.42

0.00

86.39

-37.55

2006.96

7.61

13.56

-15.23

NIVABUPA

79.57

40.88

14717.62

0.00

137.80

250.70

2273.72

86.37

3.75

-0.22

CANHLIFE

149.55

108.18

14207.25

0.27

281.40

1101.54

20475.20

1138.35

8.35

-112.52

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

11,480

14,756

15,235

20,488

12,510

16,570

16,771

23,766

14,466

18,777

18,242

25,829

16,548

23,006

23,502

26,611

27,699

26,565

28,742

16,775

23,710

28,921

20,207

29,010

19,577

32,984

Operating Profit

-11,526

-8,746

-11,376

-7,211

-14,056

-12,173

-3

-14,455

-1,430

-10,767

6,252

-16,436

OPM %

-100.40%

-59.27%

-74.67%

-35.19%

-112.36%

-73.46%

-0.02%

0.23%

-99.92%

-7.62%

-59.02%

24.21%

-99.32%

11,965

8,465

11,740

7,660

14,455

12,140

415

445

15,056

1,899

11,214

-5,720

17,110

Interest

Depreciation

Profit before Tax

438

-281

364

449

399

-33

411

501

601

469

447

532

674

Tax %

5.26%

234.18%

-0.18%

8.40%

-19.68%

1408.13%

-0.91%

4.83%

9.06%

4.63%

5.87%

6.91%

9.24%

Net Profit

415

377

365

412

478

433

415

477

546

447

421

496

611

1.93

1.75

1.70

1.91

2.22

2.01

1.93

2.21

2.54

2.08

1.95

2.30

2.83

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

79,397

1,01,778

Operating Profit

-22,381

OPM %

—

-28.19%

24,503

Interest

Depreciation

Profit before Tax

914

1,127

1,290

1,312

1,353

1,180

1,272

1,564

1,866

1,955

2,122

Tax %

2.41%

1.57%

1.02%

1.26%

-0.49%

-2.33%

-6.89%

-0.32%

3.43%

2.30%

6.93%

Net Profit

892

1,109

1,277

1,295

1,360

1,208

1,360

1,569

1,802

1,910

1,975

EPS

0.00

7.29

8.37

8.85

—

Dividend Payout %

24.64%

24.67%

25.75%

0.00%

30.01%

29.74%

30.03%

27.42%

25.09%

23.72%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

1,998

2,012

2,017

2,019

2,021

2,113

2,149

2,151

2,153

2,158

1,808

2,706

3,641

4,968

6,407

13,285

10,815

12,050

13,526

15,237

600

950

2,950

3,099

87,480

1,01,117

1,19,225

1,20,199

1,64,038

1,88,163

2,25,705

2,78,578

3,20,905

3,58,508

Total Liabilities

91,286

1,05,835

1,24,883

1,27,185

1,73,066

2,04,161

2,39,619

2,93,729

3,39,534

3,79,002

337

336

323

322

327

323

350

389

492

599

Capital Work in Progress

109

138

Cash & Bank

796

1,108

1,240

680

1,036

1,087

1,137

1,529

1,770

1,923

90,137

1,04,385

1,23,310

1,26,175

1,71,690

2,02,731

2,38,102

2,91,784

3,37,163

3,76,342

Total Assets

91,286

1,05,835

1,24,883

1,27,185

1,73,066

2,04,161

2,39,619

2,93,729

3,39,534

3,79,002

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

6,814

7,481

10,767

8,288

10,584

6,578

11,214

10,725

15,598

22,502

Cash from Investing

-5,106

-4,423

-10,186

-7,782

-8,995

-1,402

-10,072

-13,632

-13,622

-23,753

Cash from Financing

-236

-196

-337

678

-238

1,985

-403

1,607

-275

897

2,122

-652

-374

1,386

3,900

-1,206

-3,310

3,584

-1,525

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

50.37

50.34

50.32

50.28

50.25

50.21

50.54

26.62

25.62

25.13

24.94

24.74

24.81

24.26

22.51

19.26

11.24

13.25

13.72

14.10

14.57

14.59

15.23

17.25

20.19

Government

0.00

11.76

10.80

10.81

10.63

10.39

10.35

10.30

10.03

10.01

HDFC Life Insurance Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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HDFC Life Insurance Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI