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HDFC Life Insurance Company Ltd share Price Today

Company details

563.45
571.80
538.00
710.60
6M Return -15.02%
1Y Return 0.43%
Mkt Cap.(Cr) 121,549.85
Volume 3,433,290
Div Yield 0.35%
OI
-
OI Chg %
-
Volume 3,433,290

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HDFC Life Insurance Company announced H1FY24 results:

1. Financial Performance:
- HDFC Life reports strong financial performance with a 15% growth in Profit after Tax for H1FY24.
- The company's New Business Premium and Total Premium show consistent growth, outpacing the industry.
- HDFC Life maintains healthy VNB margins at 26.2% for H1FY24.
- The company's market share in the Individual WRP segment expands to 10.3%.

2. Business Expansion and Customer Base:
- HDFC Life covers over 3 crore lives in H1FY24, representing a year-on-year growth of 10%.
- The company sees robust growth in the number of policies sold, beating industry growth.
- HDFC Life continues to lead in terms of sum assured and market share in the private sector.

3. Product Innovations:
- HDFC Life introduces HDFC Life Sanchay Legacy and Click 2 Protect Elite, offering innovative protection solutions.
- The newly launched products cater to the needs of middle-aged and affluent customer segments.

4. Recognition and Awards:
- HDFC Life is recognized as one of Asia's Best Places to Work 2023 by Great Place to Work.
- The company is also ranked among India's Best Workplaces for Millennials 2023 and 100 Best Companies for Women in India 2023.

Vibha Padalkar, MD & CEO said, “Despite the recent budget changes that were perceived to be unfavourable for the sector, the life insurance industry has demonstrated remarkable resilience. We recorded a healthy growth of 10% in individual WRP vs 8% for overall industry, for the half year ended September 30th, 2023. Our H1FY24 market share was 15.7% and 10.3% in the private and overall sector respectively. We continued to grow faster than the overall industry and be ranked amongst the top 3 life insurers across individual and group businesses.

We saw an uptick of 10% in the number of individual policies sold, beating industry growth. This healthy volume growth is in line with our stated objective of broadening our customer base. We have insured more than 3 crore lives across our individual and group businesses, which represents a YoY growth of 16%.

Growth in protection was robust at 28% on new business premium basis. Retail protection registered YoY growth of 46% in H1FY24. Sum assured recorded healthy growth, with retail and overall sum assured growing by 61% and 45% respectively. We continue to lead in terms of sum assured and our private market share based on overall sum assured stood at 18% for H1FY24. Annuity APE grew by 17% and the segment contributed to 18% of new business premium. Annuity and Protection put together contributed to about 55% of new business premium in H1FY24.

We introduced 2 new products in the protection category viz. HDFC Life Sanchay Legacy and Click 2 Protect Elite. HDFC Life Sanchay Legacy is an industry-first whole life, return of premium protection plan with increasing life cover and is designed to cater to a middle-aged and beyond customer segment. Our other term product, C2P Elite, caters to a more affluent customer category

Amongst other highlights, we are proud to feature amongst India's Best Workplaces for Millennials 2023 by Great Place to Work and to be recognized amongst 100 Best Companies for Women in India 2023 by Avtar. We also ranked amongst Asia's Best Workplaces 2023 by Great Place to Work. This is a testimony of our endeavour to create an inclusive culture, be the employer of choice and invest for the betterment of our workforce.”

 

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HDFC Life Insurance Company Ltd shares SWOT Analysis

Strengths (8)

  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (5)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • Decrease in Provision in recent results

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 570.1
R2 575.1
R3 578.5
Pivot

566.78

S1 561.8
S2 558.4
S3 553.4
EMA SMA
569.6
585.6
599.0
605.6
563.8
597.6
600.0
621.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-01-18 606.45 239712 BSE
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED Block Sell 2024-01-18 606.45 239712 BSE
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED Bulk Purchase 2023-06-28 674.87 16578664 BSE
Name Category Shares
HDFC Bank Limited PROMOTER 50.37%

OUR RESEARCH VIEW

Investment recommendation
Growth to remain in focus…
Call Date
19 Apr 2024
Entry Price 595.00
Target Price 700.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

HDFC Life Insurance Company Ltd Stocks COMPARISON

Financials( in Cr) HDFC Life Insurance Company Ltd Life Insurance Corporation of India SBI Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd ICICI Lombard General Insurance Company Ltd
Price 565.10 1,029.75 1,436.25 579.50 1,659.90
% Change -0.10 -0.14 -0.73 -0.95 -0.09
Mcap Cr 121,549.85 651,316.67 143,835.41 83,483.70 81,780.78
Revenue TTM Cr 70,207.08 784,627.64 80,635.64 49,404.07 17,875.79
Net Profit TTM Cr 1,368.28 35,996.65 1,720.57 813.49 1,729.05
PE TTM 77.19 16.15 75.97 98.25 42.62
1 Year Return 0.43 74.49 23.22 31.64 53.04
ROCE 0.62 0.95 0.66 0.44 20.88
ROE 9.60 124.84 14.14 8.67 17.73
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 12,989.99 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31

HDFC Life Insurance Company Ltd Information

Stock PE (TTM)
77.19
Promoter Holding
50.37%
Book Value
68.1856
ROCE
0.62%
ROE
9.6%
Description
  • HDFC Life Insurance Company Ltd is in the Insurance sector, having the Market Capitalization of worth Rs. 1,35,708 crores, it is incorporated on 14th August 2000. It has reported consolidated sales of Rs.14761.37 crores at the end of the June'21 quarter. The company is also listed in the Bombay Stock Exchange (BSE) with the code 540777 and also listed in the National Stock Exchange (NSE) with the code HDFCLIFE.

    HDFC Life Insurance Company, having its headquarters in Mumbai, is a life insurance provider offering services to individuals and groups. It is a joint venture between two parties, HDFC Ltd & Abrdn plc, formerly known as Standard Life Aberdeen. HDFC Life got listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 17th November 2017. HDFC Life provides a wide variety of products such as Pension, Protection, Health & Savings plans, among other services. HDFC Life operates through 410+ branches and expands to over 980+ cities, towns, and villages in the country. The promoters, i.e., HDFC Ltd and Aberdeen plc, hold 51.69% and 34.75% of the stake in the company, while the retail investors have the rest 13.56% of the stake.

    In June 2021, quarterly net sales were Rs. 14,761.37 crores, similar to 14567.39 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs, 302.35 crores, down by 32.97% from Rs. 452.09 crores in June 2020. In June 2021, the operating profit was Rs. 522.14 crores, down by approximately 27.28% from Rs. 722.95 crores for the quarter ending in June 2020. From Rs. 2.23 in June 2020, the EPS of HDFC Life Insurance Company has fallen to Rs. 1.50 in June 2021. HDFC Life's stock closed at Rs. 670.50 on 13th August 2021 (NSE) and has returned -5.69% in the last six months and 10.14% last year.

Registered Address

13th Floor Lodha Excelus, ApolloMills Compound Mahalaxmi, Mumbai, Maharashtra, 400011

Tel : 91-22-67516666
Email : investor.service:hdfclife.com
Website : http://www.hdfclife.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540777
NSE Code : HDFCLIFE
Book Closure Date (Month) :
BSE Group : A
ISIN : INE795G01014

FAQ’s on HDFC Life Insurance Company Ltd Shares

You can buy HDFC Life Insurance Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HDFC Life Insurance Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of HDFC Life Insurance Company Ltd was Rs.565.10.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of HDFC Life Insurance Company Ltd stood at Rs. 121,549.85.

The latest PE ratio of HDFC Life Insurance Company Ltd as of May 24, 2024 03:59 PM is 77.19

The latest PB ratio of HDFC Life Insurance Company Ltd as of May 24, 2024 03:59 PM is 0.12

The 52-week high of HDFC Life Insurance Company Ltd share price is Rs. 710.60 while the 52-week low is Rs. 538.00

According to analyst recommendations, HDFC Life Insurance Company Ltd Share has a "Buy" rating for the long term.

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