NSE: SBILIFE · BSE: 540719 · ISIN INE123W01016
SBI Life Insurance Company Limited stock analysis
SBI Life Insurance Company Limited ranks #1667 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.9%, quarterly sales growth of 18.8% and quarterly profit growth of 22.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0×
- Strong CFO/EBITDA of 39.96×
- 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 | ₹82,983cr | ₹730cr | ₹1,506cr | 0.9% |
| 2023 | ₹80,636cr | ₹1,923cr | ₹1,721cr | 2.4% |
| 2024 | ₹1,31,988cr | ₹2,104cr | ₹1,894cr | 1.6% |
| 2025 | ₹1,16,888cr | ₹1,420cr | ₹2,413cr | 1.2% |
| 2026 | ₹1,12,315cr | ₹864cr | ₹2,470cr | 0.8% |
| TTM | ₹1,19,656cr | ₹843cr | ₹2,601cr | 0.7% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
SBI Life Insurance Company Limited has informed the Exchange about General Updates
RoutineSBI Life Insurance Company Ltd - 540719 - Intimation Under Regulation 30 Read With Para A Of Part A Of Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015BSE · 25 Sept 2026Please find attached intimation under Regulation 30 of SEBI LODR w.r.t. to order received from Deputy Commissioner, Jaipur, Rajasthan in relation to GST.
RoutineChange in Directors/KMP/SMP/Auditor/RTANSE · 23 Sept 2026 · Structured filingSBI LIFE INSURANCE COMPANY LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
SBI LIFE INSURANCE COMPANY LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
Open original XBRL sourcePursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 and other applicable provisions, we hereby inform that the Board of Directors, basis recommendation of the Board Nomination ....
RoutineSBI Life Insurance Company Ltd - 540719 - Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On September 22, 2026BSE · 23 Sept 2026Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we hereby inform that the Board of Directors, ....
MANAGEMENT COMMENTARY
Signals from filed documents
Financial Performance and State of Company’s Affairs The Company witnessed a growth and consistent performance in FY 2026. The key parameters of the Company are as follows: (` in billion) Business Performance FY 2026 FY 2025 Gross Written Premium (GWP) 1,012.9 849.8 - New Business Premium (NBP) 425.5 355.8 - Renewal Premium (RP) 587.3 494.1 Annualized Premium Equivalent (APE) 242.7 214.2 Individual Rated Premium (IRP
Impact on Investment Returns Volatility in equity and bond markets affects insurer portfolios, with insurers typically allocating majority of investments in fixed income instruments, making returns sensitive to interest rate movements and yield fluctuations. Demand Slowdown & Persistency Risk Economic uncertainty may lower investments in market-linked products (ULIPs) and increase policy surrenders or delayed premium
The GST impact for the quarter is INR2.3 billion. Our solvency margin remains strong at 1.96 as against regulatory requirement of 1.50. Value of new business stood at INR14.1 billion, reflecting 29% growth driven by both volume growth and favorable shift in product mix.
We are happy that on both the fronts, IRP as well as margin, we have delivered what we had promised around 14%, 15% growth and our IRP growth is in that range. The margin guidance was 26% to 28%, and we are within the range, although at the lower end of that. But coming to your specific question, yes, the overall APE mix during the first quarter where we have always said that group business is a lumpy kind of busines
(m) TCWG Framework The Company has adopted a formal communication framework, consistent with the requirements of the NFRA Circular dated 7 January 2026, to strengthen engagement between the Statutory Auditors and TCWG. The framework has been reviewed and approved by the Audit Committee and the Board and is aimed at promoting timely, transparent, and effective communication on audit and governance matters. (XI) Shareh
We have had continuously very healthy kind of a growth. Now with growth, shouldn't we expect some kind of an improvement in margin in terms of operating leverage because we have been maintaining a very stable, very steady band of 26% to 28% kind of a VNB margin guidance. So what are the things which limit kind of an improvement in margin because of operating leverage?
We have had continuously very healthy kind of a growth. Now with growth, shouldn't we expect some kind of an improvement in margin in terms of operating leverage because we have been maintaining a very stable, very steady band of 26% to 28% kind of a VNB margin guidance. So what are the things which limit kind of an improvement in margin because of operating leverage?
No.: SBIL/CS/NSE-BSE/2627/63 dated July 20, 2026 and in compliance with the provision of Regulation 30 read with Schedule III (Part A) (Para A) (15) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose transcript of the earnings conference call held on Friday, July 24, 2026. The transcript of the earnings conference call with analysts or institutional investors is also hosted on the
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“We are happy that on both the fronts, IRP as well as margin, we have delivered what we had promised around 14%, 15% growth and our IRP growth is in that range. The margin guidance was 26% to 28%, and we are within the range, although at the lower end of that. But coming to your specific question, yes, the overall APE mix during the first quarter where we have always said that group business is a lumpy kind of busines”
HOW TO READ THIS PAGE
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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