Skip to content
HDFC Life Insurance logo

HDFC Life Insurance Company

HDFCLIFE NSE
₹532.50 No trade today
P/E
56.29
View as Markdown
MCP
Close 4 Nov 2026 ₹532.50 −203.55 −27.7% 1Y
Start ₹736.05

Key Fundamentals

LargecapInsuranceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.30%
Debt to Equity
0.16
EPS (TTM)
₹9.46
Book Value
₹89.60
Market Cap
—
P/E (TTM)
56.29
P/B
5.94
ROE
11.30%
Dividend Yield
0.40%
EBITDA
₹2,438 Cr
52W High
₹788.50
52W Low
₹508.05
Volume
0

Peer Comparison

Financial Services › Insurance › Life Insurance

HDFC Life Insurance peer comparison
LIC of India
₹408.008.59₹5,11,882 Cr2.912.53%37.80%35.10%₹9,94,088 Cr₹60,055 Cr
SBI Life Insurance
₹1,710.2064.61₹1,69,937 Cr8.360.16%13.70%15.00%₹1,21,160 Cr₹2,656 Cr
HDFC Life Insurance (this company)
₹532.5056.29₹1,15,614 Cr5.940.40%11.30%10.30%₹1,07,513 Cr₹2,048 Cr
Max Financial Services
₹1,244.30390.06₹41,931 Cr7.510.00%1.52%2.87%₹49,822 Cr₹137 Cr
Canara HSBC Life Insurance Company
₹122.8987.16₹11,515 Cr7.120.33%8.11%8.35%₹12,482 Cr₹134 Cr
Median 5 companies₹532.5064.61₹1,15,614 Cr7.120.33%11.30%10.30%₹1,07,513 Cr₹2,048 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

40 Weak

Data confidence 97/100

Category scores

Quality
53
Average
Returns, margins, earnings quality 22% weight
Valuation
37
Poor
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
2
Poor
Solvency, leverage, coverage 9% weight
Momentum
17
Poor
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 25.3%

Weaknesses

5
  • Stock is trading at 6.09 times its book value
  • The company has delivered a poor sales growth of 6.81% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.1% over last 3 years.
  • Earnings include an other income of Rs.1,021 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsBearish270
Moving AveragesStrong Bearish703

Key readings

RSI (14)
49.79
Neutral
MACD (12,26,9)
−4.90
Bearish
SMA (50)
537.61
Bearish
SMA (200)
597.82
Bearish

As of

Analyst Rating

Based on 33 analysts
BUY100%

33 of 33 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
33
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+18.55%
5Y+6.81%
3Y+12.30%
1Y+2.59%
TTM+17.37%

Net profit

Net profit growth by window
10Y+8.87%
5Y+7.04%
3Y+11.81%
1Y+5.58%
TTM+8.25%

Operating cash flow

Operating cash flow growth by window
10Y+14.81%
5Y+18.45%
3Y+48.69%
1Y+45.06%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.49 pp
5Y+0.03 pp
3Y+1.65 pp
1Y+0.70 pp
TTM−0.59 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹30,647 Cr
Mar 2018₹32,260 Cr
Mar 2019₹38,855 Cr
Mar 2020₹29,380 Cr
Mar 2021₹71,528 Cr
Mar 2022₹67,126 Cr
Mar 2023₹70,207 Cr
Mar 2024₹1,01,482 Cr
Mar 2025₹96,922 Cr
Mar 2026₹99,432 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹887 Cr
Mar 2018₹1,107 Cr
Mar 2019₹1,278 Cr
Mar 2020₹1,297 Cr
Mar 2021₹1,361 Cr
Mar 2022₹1,327 Cr
Mar 2023₹1,368 Cr
Mar 2024₹1,574 Cr
Mar 2025₹1,811 Cr
Mar 2026₹1,912 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹2.63 +8.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

HDFC Life Insurance trades at ₹532.5 as of 2026-11-04 with a market cap of ₹1,15,614 Cr. The stock carries a P/E of 56.29x and a P/B of 5.94x, reflecting premium valuations, while its 10-year compounded sales growth of 19% highlights long-term revenue momentum offset by a 3-year ROE averaging 11% and a 1-year stock return of -27%.

Bull Case 6
  • Strong long-term revenue trajectory with 10-year compounded sales growth of 19%, indicating sustained business expansion in the underpenetrated Indian insurance market
  • TTM revenue growth has accelerated to 17%, a notable improvement over the 5-year compounded sales growth of 7%, suggesting a recovery in topline momentum
  • Conservative balance sheet with a debt-to-equity ratio of just 0.17, providing financial stability and flexibility
  • Consistent dividend payout ratio of 25.3%, demonstrating commitment to returning capital to shareholders
  • 12% compounded profit growth over 3 years outpaces the 5-year CAGR of 7%, indicating an improving profit trend in the more recent period
  • 10-year compounded profit growth of 9% shows the company has been able to grow earnings steadily through multiple market cycles
Bear Case 8
  • P/E of 56.29x on TTM EPS of ₹9.46 is significantly elevated, demanding sustained high growth to justify current pricing
  • Stock has delivered a 1-year return of -27% and a 3-year CAGR of -5%, reflecting persistent negative price momentum and potential structural de-rating
  • P/B ratio of 5.94x is steep, and the stock trades at over 6 times book value, which is demanding for a company generating an ROE of just 10.77%
  • 3-year average ROE of 11% is relatively low for a company commanding such premium valuations, pointing to a disconnect between profitability and pricing
  • 5-year compounded sales growth of only 7% suggests the company went through a prolonged period of sluggish topline performance
  • Earnings quality warrants scrutiny as other income of ₹1,021 Cr forms a material component of reported profits
  • ROCE at 0.59% is extremely low, reflecting the capital-heavy nature of the insurance business and limited return generation on total capital employed
  • Dividend yield of just 0.4% offers minimal income support to investors despite the 25.3% payout ratio

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: HDFC Life is delivering solid growth across key metrics — PAT up ~13%, VNB up 12%, and first-year premiums surging 36% YoY. No material headwinds have emerged in recent coverage. The combination of strong new business growth and stable VNB margins suggests the company is executing well, and the trend appears to be improving heading into the second half of FY27.

Positives 2
  • H1FY27 PAT up 13% YoY Oct 15

    HDFC Life reported H1FY27 profit after tax of ₹1,119 crore, up 12.7% YoY. Value of new business grew 12.1% to ₹2,037 crore with VNB margins at 24.7%.

  • First-year premiums surge 36% Oct 8

    First-year premiums reached INR 40 billion in September, rising 36% YoY — a key indicator of strong new business momentum in the life insurance segment.

Neutral 1
  • H1FY27 earnings call scheduled Oct 6

    HDFC Life announced an earnings conference call on October 15, 2026 at 4:15 pm IST to discuss H1FY27 financial performance.

Quarterly Results

₹ Cr
HDFCLIFE quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
23,142
26,927
28,041
26,934
28,497
17,300
24,191
29,463
20,651
29,428
19,890
33,759
24,437
Expenses
23,557
26,663
27,766
26,623
28,807
16,852
23,814
29,024
20,336
29,157
19,782
33,253
24,105
Operating Profit
−415
264
275
311
−310
448
377
439
315
271
108
506
332
OPM %
−1.8%
1%
1%
1.2%
−1.1%
2.6%
1.6%
1.5%
1.5%
0.9%
0.6%
1.5%
1.4%
Other Income
136
103
174
90
279
−29
124
164
157
174
428
171
247
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
PBT
−279
367
450
401
−30
419
500
604
471
445
537
677
579
Tax %
−235%
0%
8%
−20%
−1541%
−1%
5%
9%
5%
6%
7%
10%
10%
Net Profit
378
368
412
479
435
421
475
548
448
418
497
611
522
EPS (₹)
1.76
1.71
1.91
2.23
2.02
1.96
2.21
2.54
2.08
1.94
2.31
2.81
2.4

Profit & Loss

₹ Cr
HDFCLIFE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
27,215
18,141
30,647
32,260
38,855
29,380
71,528
67,126
70,207
1,01,482
96,922
99,432
1,07,513
Expenses
26,341
17,187
29,674
31,186
37,640
28,239
70,294
66,348
70,127
1,00,836
95,894
97,679
1,06,296
Operating Profit
874
953
972
1,074
1,215
1,141
1,235
778
80
646
1,028
1,753
1,217
OPM %
3.2%
5%
3.2%
3.3%
3.1%
3.9%
1.7%
1.2%
0.1%
0.6%
1.1%
1.8%
1.1%
Other Income
79
108
139
282
136
369
445
766
1,437
410
366
465
1,021
Interest
−14
8
9
11
14
0
0
0
0
0
0
0
0
Depreciation
43
45
41
44
45
47
51
56
76
79
104
161
0
PBT
924
1,008
1,061
1,300
1,291
1,463
1,629
1,487
1,441
977
1,290
2,057
2,238
Tax %
15%
19%
16%
15%
1%
11%
16%
11%
5%
−61%
−40%
7%
—
Net Profit
786
817
887
1,107
1,278
1,297
1,361
1,327
1,368
1,574
1,811
1,912
2,048
EPS (₹)
3.94
4.09
4.44
5.5
6.33
6.43
6.73
6.28
6.37
7.32
8.41
8.86
9.46
Div. Payout %
18%
22%
25%
25%
26%
0%
30%
27%
30%
27%
25%
24%
—

Balance Sheet

₹ Cr
HDFCLIFE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
1,995
1,995
1,998
2,012
2,017
2,019
2,021
2,113
2,149
2,151
2,153
2,158
2,173
Reserves
546
1,108
1,828
2,693
3,625
4,788
6,619
13,501
10,844
12,515
14,002
15,592
17,295
Borrowings
0
0
0
0
0
0
600
600
950
950
2,950
3,099
3,099
Other Liabilities
66,767
73,441
91,270
1,05,778
1,24,378
1,25,417
1,70,415
2,14,521
2,34,126
2,87,071
3,30,307
3,69,654
4,01,179
Total Liabilities
69,309
76,544
95,097
1,10,483
1,30,020
1,32,224
1,79,655
2,30,734
2,48,069
3,02,687
3,49,412
3,90,502
4,23,745
Fixed Assets
346
335
337
336
370
322
585
6,605
997
1,549
2,143
2,716
788
CWIP
6
12
16
5
10
8
14
20
31
28
109
139
0
Investments
67,024
74,144
91,723
1,06,590
1,24,958
1,27,256
1,73,564
2,16,551
2,38,197
2,91,128
3,34,756
3,73,340
4,10,087
Other Assets
1,932
2,053
3,020
3,551
4,682
4,637
5,493
7,559
8,844
9,982
12,404
14,308
12,871
Total Assets
69,309
76,544
95,097
1,10,483
1,30,020
1,32,224
1,79,655
2,30,734
2,48,069
3,02,687
3,49,412
3,90,502
4,23,745

Cash Flow

₹ Cr
HDFCLIFE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4,459
5,687
6,230
6,739
9,868
7,388
9,703
5,943
6,883
10,721
15,597
22,625
Investing
−3,514
−3,962
−5,177
−4,421
−10,182
−7,789
−8,952
−801
−10,071
−13,622
−13,633
−23,849
Financing
−168
−212
−236
−196
−337
38
678
−238
1,985
−403
1,607
−275
Net Cash Flow
777
1,513
817
2,122
−651
−364
1,429
4,904
−1,203
−3,304
3,572
−1,499
Free Cash Flow
4,352
5,654
6,183
6,706
9,825
7,351
9,643
5,887
6,797
10,587
15,300
22,341
CFO/EBITDA
510
597
641
627
813
672
806
789
9,190
1,444
1,543
1,302

Ratios

HDFCLIFE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
2
0
0
0
0
0
0
0
Cash Conversion Cycle
0
0
0
0
2
0
0
0
0
0
0
0
Working Capital Days
−11
−27
−20
−25
−16
−17
−13
−11
−12
−8
−6
−6
ROCE %
41%
36%
31%
31%
23%
24%
20%
12%
10%
5%
7%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view HDFC Life Insurance insights

38 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.53%
  • DIIs 20.54%
  • FIIs 18.75%
  • Public 5.21%
  • Others 4.96%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about HDFC Life Insurance Company

What does HDFC Life Insurance Company Ltd do?
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,
Where is HDFC Life Insurance Company Ltd (HDFCLIFE) listed?
HDFC Life Insurance Company Ltd trades as HDFCLIFE on the NSE and under code 540777 on the BSE.
Which sector does HDFC Life Insurance Company Ltd belong to?
HDFC Life Insurance Company Ltd is classified under the Insurance sector, in the Life Insurance industry.
What is the PE ratio of HDFC Life Insurance Company Ltd?
HDFC Life Insurance Company Ltd trades at a PE ratio of 56.29 as of 4 Nov 2026, on earnings per share of ₹9.46, against a book value of ₹89.6 per share.
What is the 52-week high and low of HDFC Life Insurance Company Ltd?
Over the last 52 weeks HDFC Life Insurance Company Ltd has traded between ₹508.05 and ₹788.5 as of 4 Nov 2026.
Does HDFC Life Insurance Company Ltd pay dividends?
HDFC Life Insurance Company Ltd has a dividend yield of 0.40%.
What is the Return on Equity (ROE) of HDFC Life Insurance Company Ltd?
HDFC Life Insurance Company Ltd reported a return on equity of 11.30%. Its debt-to-equity ratio is 0.16.

Company Information

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,

Website hdfclife.com
CEO Ms. Vibha U. Padalkar
Employees 38,470
Listed 17 Nov 2017
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/HDFCLIFE.md for HDFC Life Insurance Company Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Insurance stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month