SBI Life Insurance
SBI Life Insurance
Financial Services F&OKey Fundamentals
LargecapLife InsuranceInsuranceTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company is expected to give good quarter
Weaknesses
5- Stock is trading at 8.40 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.1,991 Cr.
- Dividend payout has been low at 12.2% of profits over last 3 years
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoSBI Life Insurance, with a market cap of ₹1,68,422 Cr, trades at a PE of 65.6x and 8.48x book value. The company is virtually debt-free with a stable ROE of ~14% over the last 5 years, but recent topline growth has turned negative at -1% TTM while profit growth has moderated to 5% TTM.
- Virtually debt-free balance sheet provides financial resilience and flexibility in a regulated insurance business
- Consistent ROE of 14% over 3-year and 5-year periods, indicating stable return generation on equity
- Compounded profit growth of 11% over 10 years and 13% over 3 years demonstrates sustained earnings expansion
- Long-term sales CAGR of 19% over 10 years reflects strong historical topline scaling from a growing insurance market
- Expected to deliver a good upcoming quarter, suggesting near-term operational momentum
- SBI parentage provides access to one of India's largest bank branch networks (~22,000+ branches) as a distribution channel, a structural moat difficult to replicate
- Market cap of ₹1,68,422 Cr positions it among the largest private life insurers, offering liquidity and index inclusion benefits
- PE ratio of 65.6x is elevated, pricing in significant future growth that recent trends have not supported
- Price-to-book of 8.48x is steep, leaving limited margin of safety if growth disappoints
- TTM sales growth has turned negative at -1%, a sharp deceleration from the 3-year CAGR of 12%
- 5-year compounded sales growth of only 6.52% is modest for a company valued at 65x earnings
- Dividend payout of just 12.2% of profits over the last 3 years with a yield of 0.16% offers negligible income return to shareholders
- Other income of ₹1,991 Cr is a notable component of earnings, raising questions about the sustainability and quality of core operating profit
- Stock price CAGR of -6% over the past 1 year indicates recent underperformance and negative sentiment despite profit growth of 5% TTM
- Apparently low tax rate may indicate one-time adjustments or deferrals that could normalize and compress future net profits
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- Active global investor engagement Aug 26
SBI Life scheduled meetings with Goldman Sachs (Aug 31-Sep 1 in Hong Kong), Morgan Stanley (Aug 27 in Mumbai), UBS, Jefferies, and J.P. Morgan through September 2026, signaling strong institutional interest.
- AGM approves all resolutions Aug 14
The 26th AGM on August 14, 2026 approved FY26 financials, final dividend payout, and CEO remuneration revision with full shareholder support.
- Joint statutory auditors reappointed Sep 9
M/s. K S Aiyar & Co. and M/s. J Singh & Associates reappointed as Joint Statutory Auditors for FY27 following C&AG approval.
- Independent Director tenure ends Aug 19
Mr. Narayan K Seshadri ceased to be Independent Director on August 19, 2026 after completing two consecutive three-year terms.
TL;DR: SBI Life's recent news flow is largely procedural with no material headwinds surfacing. The company is maintaining strong visibility with top-tier global brokerages through a packed investor meeting calendar spanning Goldman Sachs, Morgan Stanley, UBS, Jefferies, and J.P. Morgan. Governance actions like auditor reappointment and AGM resolutions passed smoothly. The active institutional engagement trend is a mild positive, suggesting sustained foreign investor interest heading into H2 FY27.
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27,895 | 28,805 | 39,033 | 36,255 | 34,654 | 40,302 | 18,862 | 23,071 | 38,996 | 23,115 | 46,133 | 4,071 | 46,337 |
| Expenses | 27,471 | 28,392 | 38,681 | 37,043 | 34,060 | 39,696 | 18,266 | 23,520 | 38,333 | 22,600 | 45,517 | 5,117 | 45,579 |
| Operating Profit | 424 | 413 | 352 | -788 | 594 | 606 | 596 | -449 | 664 | 516 | 615 | -1,046 | 757 |
| OPM % | 1.5% | 1.4% | 0.9% | -2.2% | 1.7% | 1.5% | 3.2% | -1.9% | 1.7% | 2.2% | 1.3% | -26% | 1.6% |
| Other Income | 9 | 12 | 18 | 1,639 | 3 | -4 | -3 | 1,350 | -8 | 16 | 27 | 1,913 | 36 |
| 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 | 433 | 424 | 370 | 851 | 597 | 601 | 594 | 901 | 656 | 532 | 642 | 867 | 793 |
| Tax % | 12% | 10% | 13% | 5% | 13% | 12% | 7% | 10% | 9% | 7% | 10% | 7% | 9% |
| Net Profit | 381 | 380 | 322 | 811 | 520 | 529 | 551 | 814 | 594 | 495 | 577 | 805 | 725 |
| EPS in Rs | 3.81 | 3.8 | 3.21 | 8.1 | 5.19 | 5.28 | 5.5 | 8.12 | 5.93 | 4.93 | 5.75 | 8.02 | 7.23 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23,299 | 19,324 | 30,548 | 34,068 | 44,604 | 43,798 | 81,913 | 82,983 | 80,636 | 1,31,988 | 1,16,888 | 1,12,315 | 1,19,656 |
| Expenses | 22,505 | 18,404 | 29,479 | 32,736 | 43,130 | 42,447 | 81,040 | 82,254 | 78,713 | 1,29,884 | 1,15,469 | 1,11,451 | 1,18,813 |
| Operating Profit | 794 | 920 | 1,068 | 1,332 | 1,474 | 1,351 | 872 | 730 | 1,923 | 2,104 | 1,420 | 864 | 843 |
| OPM % | 3.4% | 4.8% | 3.5% | 3.9% | 3.3% | 3.1% | 1.1% | 0.9% | 2.4% | 1.6% | 1.2% | 0.8% | 0.7% |
| Other Income | 183 | 129 | 139 | 156 | 266 | 529 | 867 | 1,032 | 51 | 50 | 1,357 | 1,948 | 1,991 |
| Interest | 4 | 5 | 5 | 6 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 34 | 37 | 48 | 59 | 92 | 89 | 99 | 75 | 68 | 76 | 84 | 115 | 0 |
| PBT | 939 | 1,007 | 1,154 | 1,422 | 1,642 | 1,790 | 1,640 | 1,687 | 1,906 | 2,078 | 2,693 | 2,697 | 2,834 |
| Tax % | 13% | 16% | 17% | 19% | 19% | 21% | 11% | 11% | 10% | 9% | 10% | 8% | — |
| Net Profit | 815 | 844 | 955 | 1,150 | 1,327 | 1,422 | 1,456 | 1,506 | 1,721 | 1,894 | 2,413 | 2,470 | 2,601 |
| EPS in Rs | 8.15 | 8.44 | 9.55 | 11.5 | 13.27 | 14.22 | 14.56 | 15.05 | 17.19 | 18.91 | 24.08 | 24.63 | 25.93 |
| Div. Payout % | 15% | 14% | 16% | 17% | 15% | 0% | 17% | 13% | 15% | 14% | 11% | 11% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,001 | 1,001 | 1,002 | 1,003 |
| Reserves | 3,056 | 3,733 | 4,552 | 5,528 | 6,576 | 7,743 | 9,400 | 10,622 | 12,017 | 13,907 | 15,983 | 18,083 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 70,064 | 78,696 | 96,687 | 1,15,193 | 1,39,157 | 1,56,837 | 2,16,430 | 2,61,715 | 3,01,582 | 3,83,369 | 4,40,110 | 4,80,960 |
| Total Liabilities | 74,121 | 83,429 | 1,02,240 | 1,21,720 | 1,46,734 | 1,65,580 | 2,26,830 | 2,73,337 | 3,14,599 | 3,98,277 | 4,57,095 | 5,00,046 |
| Fixed Assets | 292 | 301 | 507 | 511 | 563 | 568 | 564 | 919 | 520 | 551 | 580 | 647 |
| CWIP | 7 | 146 | 31 | 70 | 32 | 13 | 1 | 3 | 1 | 6 | 10 | 41 |
| Investments | 69,385 | 77,843 | 95,830 | 1,14,436 | 1,39,325 | 1,58,813 | 2,18,756 | 2,64,437 | 3,04,334 | 3,85,590 | 4,47,467 | 4,86,367 |
| Other Assets | 4,437 | 5,139 | 5,871 | 6,703 | 6,814 | 6,186 | 7,509 | 7,978 | 9,743 | 12,130 | 9,038 | 12,991 |
| Total Assets | 74,121 | 83,429 | 1,02,240 | 1,21,720 | 1,46,734 | 1,65,580 | 2,26,830 | 2,73,337 | 3,14,599 | 3,98,277 | 4,57,095 | 5,00,046 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2,711 | 5,778 | 8,525 | 10,395 | 13,473 | 19,299 | 23,878 | 21,852 | 28,656 | 29,122 | 25,547 | 34,523 |
| Investing | -178 | -7,204 | -9,032 | -8,910 | -13,552 | -16,986 | -19,203 | -21,611 | -30,203 | -31,221 | -21,789 | -35,318 |
| Financing | -117 | -144 | -144 | -221 | -241 | -198 | 3 | -231 | -415 | -227 | -215 | -179 |
| Net Cash Flow | 2,416 | -1,570 | -651 | 1,264 | -321 | 2,114 | 4,677 | 10 | -1,962 | -2,327 | 3,543 | -974 |
| Free Cash Flow | 2,687 | 5,600 | 8,377 | 10,288 | 13,325 | 19,210 | 23,763 | 21,785 | 28,581 | 29,008 | 25,441 | 34,338 |
| CFO/OP | 341 | 628 | 798 | 780 | 955 | 1,473 | 2,802 | 3,094 | 1,532 | 1,426 | 1,800 | 3,994 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 0 | -6 | 3 | 3 | 4 | 11 | 1 | -3 | 1 | 4 | 2 | 4 |
| ROCE % | 25% | 23% | 23% | 24% | 22% | 22% | 17% | 15% | 15% | 15% | 17% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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49 extracted metrics + investor summaries across FY13–FY27.
Documents
Frequently Asked Questions about SBI Life Insurance
What does SBI Life Insurance Company Ltd do?
Where is SBI Life Insurance Company Ltd (SBILIFE) listed?
Which sector does SBI Life Insurance Company Ltd belong to?
What is the market capitalisation of SBI Life Insurance Company Ltd?
What is the PE ratio of SBI Life Insurance Company Ltd?
What is the 52-week high and low of SBI Life Insurance Company Ltd?
Does SBI Life Insurance Company Ltd pay dividends?
What is the Return on Equity (ROE) of SBI Life Insurance Company Ltd?
Company Information
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]
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