NSE: HDFCLIFE · BSE: 540777 · ISIN INE795G01014
HDFC Life Insurance Company Limited stock analysis
HDFC Life Insurance Company Limited ranks #2588 in the TickerSutra evidence-ranked universe with a score of 45/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.3%, quarterly sales growth of 14.6% and quarterly profit growth of 11.5%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.17×
- Strong CFO/EBITDA of 12.91×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹67,126cr | ₹778cr | ₹1,327cr | 1.2% |
| 2023 | ₹70,207cr | ₹80cr | ₹1,368cr | 0.1% |
| 2024 | ₹1,01,482cr | ₹646cr | ₹1,574cr | 0.6% |
| 2025 | ₹96,922cr | ₹1,028cr | ₹1,811cr | 1.1% |
| 2026 | ₹99,432cr | ₹1,753cr | ₹1,912cr | 1.8% |
| TTM | ₹1,03,727cr | ₹1,200cr | ₹1,975cr | 1.2% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Our non-bank alliances also delivered a strong quarter with retail protection growing by 60% year-on-year and market share across partners remaining largely stable. For FY27, we continue to hold ourselves to two clear markers, growing in line with or faster than the industry over the course of the year and delivering VNB growth broadly in line with APE growth as we prioritize profitable market share gains this year.
Markets other than metros continue to be a key driver of our growth, with Tier 2 and Tier 3 locations contributing 65% of new business premium and an increasing share of new customer acquisitions. Looking ahead, we remain focussed on strengthening our protection and annuity franchise, improving operating leverage, expanding distribution reach and delivering sustainable profitable growth aligned with evolving customer
Vineet Arora: With higher protection business is going to go down, overall ticket size. Dipanjan Ghosh: The last question, I think Niraj touched on the fact that over the next 2 years, the regulator and the companies might be more focused on co -developing differentiated products on the variable annuity part. I just wanted to get some contours or lines of discussion with the regulator o r what incremental strategies
For FY27, our aspi ration remains unchanged, t o grow in line with or faster than the industry and to deliver VNB growth broadly in line with APE growth. With GST transition largely behind us and encouraging trends emerging within our bank channels, we remain confident in our ability to deliver profitable growth over the course of the year. For a more detailed discussion on our performance and outlook, please refer t
The first one would be more on the longer horizo n. If we were to look back over a longer horizon post your listing , one thing that we have seen the peer margin improving materially because post listing you had this non -par saving products boost coming and the margin expansion has been very, very material. Whereas in y our case, you had one of the best margins when you had listed, as against some other peers, the m
We continue to uphold rigorous standards of financial reporting, and risk management, reinforcing stakeholder confidence. We have been consistently recognised by Institutional Investor Advisory Services (IiAS), and this year, we were honoured in the ‘Leadership’ category of the Indian Corporate Governance Scorecard. HDFC International recorded revenues of USD 55.4 million in FY 2025-26, registering a strong growth of
So, it's a very bottoms-up, brick-by-brick growth. And we have some visibility, all things being equal on the regulatory front and so on , that gives us the confidence that our agency channel sh ould continue to trend well. And not just that we are very happy th at term and annuity together has been growing disproportionately high in our agency channel.
Ltd HDFC International, a wholly-owned subsidiary of the Company, was incorporated in 2016 in the Dubai International Financial Centre (DIFC). As a Life & Health (L&H) reinsurer incorporated in the DIFC and regulated by the Dubai Financial Services Authority (DFSA), HDFC International has established a growing presence across several international markets. HDFC International provides reinsurance solutions across Life
In FY 2025-26, we continued this work across 24 states and Union Territories, investing ` 11.67 crore to support programmes that yield lasting, measurable change. Every project under Swabhimaan is assessed and approved by our Board CSR and ESG Committee, ensuring strong governance, transparency and, alignment with the Companies Act, 2013. We collaborate with experienced on-ground implementation partners to design pro
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Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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