Financial Ratios HDFC Life Insurance Company Limited

Equities

HDFCLIFE

INE795G01014

Life & Health Insurance

Market Closed - NSE India S.E. Other stock markets 06:58:38 2026-03-06 am EST			5-day change	1st Jan Change
668.55 ^INR	-2.30%		-6.54%	-10.84%

Feb. 06	India's Stocks Edge Higher on Friday as Short Covering Lifts Select Heavyweights	MT
Jan. 16	Jefferies Adjusts HDFC Life Insurance's Price Target to INR900 From INR930, Keeps at Buy	MT

cb31.w7370qORr_p1VcJ4Cyn-0QE2wraQHZ6wfxN-LNOjcgA.7vWRgO3927Q4GIsAYGKspnAGgPLHftzoBVUdeoTZQFP0-pKY0PSelR04rQ

Published financial data: HDFC LIFE INSURANCE COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	382B	468B	569B	621B	698B
Total Interest And Dividend Income	83.08B	103B	135B	167B	127B
Gain (Loss) on Sale of Investments, Total (Rev)	253B	103B	-1.93B	228B	143B
Other Revenues, Total	1.84B	2.11B	5.58B	3.95B	3.56B
Total Revenues	719B	676B	708B	1,020B	972B
Policy Benefits	636B	578B	575B	882B	811B
Policy Acquisition / Underwriting Costs, Total	17.1B	20.08B	28.91B	52.62B	78.44B
Selling General & Admin Expenses, Total	45.02B	57.58B	83.28B	67.88B	61.33B
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-19.82M	-23.56M	-103M	63.02M	-24.4M
Salaries And Other Employee Benefits	73.17M	109M	115M	147M	-
Other Operating Expenses	4.64B	5.04B	5.75B	6.31B	6.98B
Total Operating Expenses	703B	661B	693B	1,009B	958B
Operating Income	16.74B	15.53B	15.04B	10.46B	14.09B
Interest Expense, Total	-455M	-656M	-622M	-689M	-1.17B
EBT, Excl. Unusual Items	16.29B	14.87B	14.41B	9.77B	12.92B
Other Unusual Items	-	-	-	-	-20M
EBT, Incl. Unusual Items	16.29B	14.87B	14.41B	9.77B	12.9B
Income Tax Expense	2.68B	1.6B	730M	-5.97B	-5.21B
Earnings From Continuing Operations	13.61B	13.27B	13.68B	15.74B	18.11B
Net Income to Company	13.61B	13.27B	13.68B	15.74B	18.11B
Net Income - (IS)	13.61B	13.27B	13.68B	15.74B	18.11B
Net Income to Common Incl Extra Items	13.61B	13.27B	13.68B	15.74B	18.11B
Net Income to Common Excl. Extra Items	13.61B	13.27B	13.68B	15.74B	18.11B
Per Share Items
Net EPS - Basic	6.74	6.49	6.41	7.32	8.41
Basic EPS - Continuing Operations	6.74	6.49	6.41	7.32	8.41
Basic Weighted Average Shares Outstanding	2.02B	2.04B	2.13B	2.15B	2.15B
Net EPS - Diluted	6.73	6.48	6.41	7.31	8.41
Diluted EPS - Continuing Operations	6.73	6.48	6.41	7.31	8.41
Diluted Weighted Average Shares Outstanding	2.02B	2.05B	2.13B	2.15B	2.15B
Normalized Basic EPS	5.04	4.55	4.22	2.84	3.75
Normalized Diluted EPS	5.03	4.54	4.22	2.84	3.75
Dividend Per Share	2.02	1.7	1.9	2	2.1
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	17.01B	15.81B	15.47B	10.88B	14.77B
EBITA	16.74B	15.53B	15.04B	10.46B	14.09B
EBIT	16.74B	15.53B	15.04B	10.46B	14.09B
EBITDAR	17.93B	16.78B	16.84B	11.82B	15.91B
Effective Tax Rate - (Ratio)	16.44	10.78	5.07	-61.07	-40.4
Normalized Net Income	10.18B	9.3B	9.01B	6.11B	8.07B
Interest on Long-Term Debt	270M	400M	622M	689M	1.17B
Non-Cash Pension Expense	-9.23M	-65.76M	32.43M	-257M	-2.5M
Supplemental Operating Expense Items
Advertising Expense	14.1B	18.93B	24.73B	17.79B	10.58B
Marketing Expenses	6.66B	8.53B	15.83B	4.84B	2.6B
Selling and Marketing Expenses	20.76B	27.43B	40.56B	22.63B	13.18B
General and Administrative Expenses	-	-	-	-	110M
Net Rental Expense, Total	919M	972M	1.37B	943M	1.15B
Imputed Operating Lease Interest Expense	-	850M	877M	547M	552M
Imputed Operating Lease Depreciation	-	122M	489M	396M	596M
Stock-Based Comp., Other (Total)	526M	226M	494M	823M	520M
Total Stock-Based Compensation	526M	226M	494M	823M	520M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	12.46B	24.18B	27.32B	24.81B	30B
Investment In Equity and Preferred Securities, Total	9.56B	9.78B	18.39B	24.55B	27.6B
Mortgage Loans	-	-	-	-	-
Policy Loans	4.24B	12.72B	15.85B	18.97B	23.78B
Total Other Investments	63.22B	63.68B	86.22B	97.49B	124B
Total investments	89.48B	110B	148B	166B	206B
Cash And Equivalents	10.99B	13.75B	11.69B	15.59B	18.21B
Reinsurance Recoverable - (IS)	3.05B	3.32B	1.81B	2.99B	1.66B
Other Receivables - (Insurance Template)	22.78B	29.55B	32.21B	41.4B	47.35B
Separate Account Assets	1,653B	2,074B	2,256B	2,776B	3,182B
Gross Property Plant And Equipment	5.77B	6.92B	7.11B	7.29B	9.59B
Accumulated Depreciation	-2.77B	-3.8B	-3.86B	-3.85B	-4.05B
Net Property Plant And Equipment	2.99B	3.12B	3.24B	3.44B	5.55B
Goodwill	-	56.14B	-	-	-
Other Intangibles, Total	422M	582M	580M	762M	540M
Other Current Assets, Total	13.73B	16.25B	24.91B	20.87B	33.04B
Other Long-Term Assets, Total	-	1K	-	-	-
Total Assets	1,796B	2,307B	2,479B	3,027B	3,494B
Liabilities
Accounts Payable, Total	28.64B	32.55B	44.17B	37.44B	37.36B
Accrued Expenses, Total	3.82B	4.98B	8.26B	11.13B	15.31B
Insurance And Annuity Liabilities	945B	1,303B	1,504B	1,861B	2,228B
Unpaid Claims	8.64B	7.54B	14.98B	14.04B	11.69B
Unearned Premiums	5.24B	6.4B	7.8B	7.65B	6.9B
Reinsurance Payable - (BS)	675M	16.93M	585M	2.19B	1.75B
Long-Term Debt	6B	6B	9.5B	9.5B	29.5B
Separate Account Liability	710B	788B	756B	926B	985B
Current Income Taxes Payable	155M	293M	256M	415M	33.2M
Unearned Revenue, Current	707M	779M	644M	485M	4.3M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.07B	1.81B	2.93B	10.59B	16.84B
Total Liabilities	1,710B	2,151B	2,349B	2,880B	3,333B
Common Stock, Total	20.21B	21.13B	21.49B	21.51B	21.53B
Additional Paid In Capital	4.78B	65.57B	37.16B	37.92B	38.96B
Retained Earnings	59.24B	68.43B	70.75B	82.41B	96.21B
Comprehensive Income and Other	2.17B	1.01B	522M	4.83B	4.85B
Total Common Equity	86.4B	156B	130B	147B	162B
Total Equity	86.4B	156B	130B	147B	162B
Total Liabilities And Equity	1,796B	2,307B	2,479B	3,027B	3,494B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.02B	2.11B	2.15B	2.15B	2.15B
ECS Total Common Shares Outstanding	2.02B	2.11B	2.15B	2.15B	2.15B
Book Value / Share	42.75	73.91	60.45	68.19	75.03
Tangible Book Value	85.98B	99.41B	129B	146B	161B
Tangible Book Value Per Share	42.54	47.06	60.18	67.83	74.78
Total Debt	6B	6B	9.5B	9.5B	29.5B
Net Debt	-4.99B	-7.75B	-2.19B	-6.09B	11.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	133M	133M	284M	1.02M	267M
Debt Equivalent Oper. Leases	7.35B	7.78B	10.93B	7.54B	9.19B
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	2.87B	2.87B	2.87B	2.87B	3.49B
Machinery, Total	2.73B	3.32B	3.48B	3.76B	4.55B
Full Time Employees	20.64K	22.06K	32.45K	32.49K	38.47K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	13.61B	13.27B	13.68B	15.74B	18.11B
Depreciation, Depletion & Amortization	272M	278M	440M	418M	676M
Total Depreciation, Depletion & Amortization	272M	278M	440M	418M	676M
Amortization of Deferred Charges, Total	234M	245M	313M	361M	363M
Other Operating Activities	82.91B	45.63B	54.4B	90.69B	137B
Cash from Operations	97.03B	59.43B	68.83B	107B	156B
Capital Expenditure	-612M	-566M	-876M	-1.36B	-3.01B
Sale of Property, Plant, and Equipment	9.42M	10.84M	16.6M	16.06M	35.8M
Cash Acquisitions	-	-6.28B	-	-	-
Investment in Marketable and Equity Securities, Total	-171B	-112B	-231B	-295B	-249B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.25B	-2.43B	-3.14B	-3.12B	-4.81B
Other Investing Activities, Total	83.41B	106B	134B	163B	121B
Cash from Investing	-89.46B	-15.86B	-101B	-136B	-136B
Long-Term Debt Issued, Total	6B	-	3.5B	-	20B
Total Debt Issued	6B	-	3.5B	-	20B
Issuance of Common Stock	783M	2.1B	20.34B	737M	1.06B
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-4.48B	-3.99B	-4.77B	-4.99B
Cash from Financing	6.78B	-2.38B	19.85B	-4.03B	16.07B
Foreign Exchange Rate Adjustments	-53.95M	61.08M	161M	30.46M	56.9M
Miscellaneous Cash Flow Adjustments	-	1K	-	-	-
Net Change in Cash	14.29B	41.25B	-12.03B	-32.96B	35.72B
Supplemental Items
Cash Interest Paid	-	4.48B	-	4.77B	4.99B
Cash Income Tax Paid (Refund)	2.53B	1.95B	4.62B	-13.92B	2.61B
Net Debt Issued / Repaid	6B	-	3.5B	-	20B
Levered Free Cash Flow	16.99B	7.73B	14.32B	6.17B	-16.47B
Unlevered Free Cash Flow	17.27B	8.14B	14.71B	6.6B	-15.74B
Change In Net Working Capital	-6.39B	1.75B	-4.95B	181M	23.1B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.67	0.47	0.39	0.24	0.27
Return on Total Capital	13.04	7.63	6.23	4.42	5.07
Return On Equity %	17.62	10.94	9.57	11.38	11.75
Return on Common Equity	17.62	10.94	9.57	11.38	11.75
Margin Analysis
Gross Profit Margin %	9.23	11.56	14.71	8.3	8.47
SG&A Margin	6.26	8.52	11.77	6.66	6.3
EBITDA Margin %	2.36	2.34	2.19	1.07	1.52
EBITA Margin %	2.33	2.3	2.12	1.03	1.45
EBIT Margin %	2.33	2.3	2.12	1.03	1.45
Income From Continuing Operations Margin %	1.89	1.96	1.93	1.54	1.86
Net Income Margin %	1.89	1.96	1.93	1.54	1.86
Net Avail. For Common Margin %	1.89	1.96	1.93	1.54	1.86
Normalized Net Income Margin	1.41	1.37	1.27	0.6	0.83
Levered Free Cash Flow Margin	2.36	1.14	2.02	0.6	-1.69
Unlevered Free Cash Flow Margin	2.4	1.2	2.08	0.65	-1.62
Asset Turnover
Asset Turnover	0.46	0.33	0.3	0.37	0.3
Fixed Assets Turnover	241.89	221.31	222.48	305	216.27
Receivables Turnover (Average Receivables)	159.66	117.21	104.91	82.29	64.48
Short Term Liquidity
Current Ratio	0.92	0.99	0.91	0.95	1.22
Quick Ratio	0.38	0.39	0.29	0.36	0.53
Operating Cash Flow to Current Liabilities	1.48	0.86	0.84	1.21	1.61
Days Sales Outstanding (Average Receivables)	2.29	3.11	3.48	4.45	5.66
Average Days Payable Outstanding	26.07	33.11	34.56	22.21	21.48
Long Term Solvency
Total Debt/Equity	6.94	3.84	7.31	6.48	18.26
Total Debt / Total Capital	6.49	3.7	6.81	6.08	15.44
LT Debt/Equity	6.94	3.84	7.31	6.48	18.26
Long-Term Debt / Total Capital	6.49	3.7	6.81	6.08	15.44
Total Liabilities / Total Assets	95.19	93.23	94.76	95.15	95.38
EBIT / Interest Expense	36.83	23.67	24.17	15.18	12.03
EBITDA / Interest Expense	37.43	24.1	24.88	15.79	12.6
(EBITDA - Capex) / Interest Expense	36.08	23.23	23.47	13.82	10.04
Total Debt / EBITDA	0.35	0.38	0.61	0.87	2
Net Debt / EBITDA	-0.29	-0.49	-0.14	-0.56	0.76
Total Debt / (EBITDA - Capex)	0.37	0.39	0.65	1	2.51
Net Debt / (EBITDA - Capex)	-0.3	-0.51	-0.15	-0.64	0.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	148.61	-6	4.65	44.07	-4.68
Gross Profit, 1 Yr. Growth %	8.5	17.68	33.2	-18.68	-2.78
EBITDA, 1 Yr. Growth %	11.45	-8.35	-2.04	-31.09	31.25
EBITA, 1 Yr. Growth %	13.12	-7.24	-1.56	-30.42	34.67
EBIT, 1 Yr. Growth %	13.12	-7.24	-1.56	-30.42	34.67
Earnings From Cont. Operations, 1 Yr. Growth %	4.89	-2.49	3.12	15.04	15.04
Net Income, 1 Yr. Growth %	4.89	-2.49	3.12	15.04	15.04
Normalized Net Income, 1 Yr. Growth %	11.33	-8.68	-3.09	-32.2	32.18
Diluted EPS Before Extra, 1 Yr. Growth %	4.83	-3.71	-1.08	14.04	15.05
Net Property, Plant and Equip., 1 Yr. Growth %	1.3	4.17	4.04	6.1	61.13
Accounts Receivable, 1 Yr. Growth %	79.61	60.24	23.86	57.78	18.49
Total Assets, 1 Yr. Growth %	35.86	28.43	7.43	22.02	15.44
Common Equity, 1 Yr. Growth %	26.93	80.71	-16.78	12.88	10.15
Tangible Book Value, 1 Yr. Growth %	26.97	15.63	30.12	12.79	10.35
Cash From Operations, 1 Yr. Growth %	31.34	-38.75	15.83	55.76	45.48
Capital Expenditures, 1 Yr. Growth %	58.65	-7.47	54.62	55.24	121.2
Levered Free Cash Flow, 1 Yr. Growth %	303.52	-53.29	85.35	-58.58	-366.9
Unlevered Free Cash Flow, 1 Yr. Growth %	300.13	-51.64	84.41	-56.81	-338.4
Dividend Per Share, 1 Yr. Growth %	-	-15.84	11.76	5.26	5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	36.69	52.87	-0.82	22.79	17.19
Gross Profit, 2 Yr. CAGR %	8.08	12.99	25.2	4.08	-11.08
EBITDA, 2 Yr. CAGR %	3.86	1.76	-5.28	-17.01	-3.29
EBITA, 2 Yr. CAGR %	4.54	2.43	-5.23	-17.24	-3.2
EBIT, 2 Yr. CAGR %	4.54	2.43	-5.23	-17.24	-3.2
Earnings From Cont. Operations, 2 Yr. CAGR %	3.19	1.13	0.27	8.92	15.04
Net Income, 2 Yr. CAGR %	3.19	1.13	0.27	8.92	15.04
Normalized Net Income, 2 Yr. CAGR %	3.59	0.83	-5.93	-18.94	-5.33
Diluted EPS Before Extra, 2 Yr. CAGR %	3.11	0.47	-2.41	6.21	14.54
Net Property, Plant and Equip., 2 Yr. CAGR %	1.53	2.72	4.1	5.06	30.75
Accounts Receivable, 2 Yr. CAGR %	56.16	69.65	40.88	39.79	36.73
Total Assets, 2 Yr. CAGR %	17.54	32.1	17.46	14.54	18.68
Common Equity, 2 Yr. CAGR %	23.74	51.45	22.63	-3.08	11.5
Tangible Book Value, 2 Yr. CAGR %	23.92	21.16	22.66	21.15	11.57
Cash From Operations, 2 Yr. CAGR %	-0.84	-10.31	-15.77	34.32	50.53
Capital Expenditures, 2 Yr. CAGR %	16.46	21.16	19.61	54.93	85.31
Levered Free Cash Flow, 2 Yr. CAGR %	56.91	35.48	-6.95	-10.66	5.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	57.22	37.3	-6.5	-9.05	1.49
Dividend Per Share, 2 Yr. CAGR %	11.32	-	-3.02	8.47	5.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	30.49	20.65	34.73	12.33	12.85
Gross Profit, 3 Yr. CAGR %	11.67	11.19	19.36	8.42	1.74
EBITDA, 3 Yr. CAGR %	7.86	0.07	0.46	-14.24	-2.23
EBITA, 3 Yr. CAGR %	8.48	0.46	0.53	-14.51	-2.65
EBIT, 3 Yr. CAGR %	8.48	0.46	0.53	-14.51	-2.65
Earnings From Cont. Operations, 3 Yr. CAGR %	7.12	1.26	1.79	4.97	10.92
Net Income, 3 Yr. CAGR %	7.12	1.26	1.79	4.97	10.92
Normalized Net Income, 3 Yr. CAGR %	7.79	-0.68	-0.5	-15.65	-4.59
Diluted EPS Before Extra, 3 Yr. CAGR %	7.02	0.78	-0.05	2.79	9.08
Net Property, Plant and Equip., 3 Yr. CAGR %	1.12	2.4	3.16	4.77	21.16
Accounts Receivable, 3 Yr. CAGR %	30.03	57.51	52.76	46.3	32.3
Total Assets, 3 Yr. CAGR %	17.59	21.07	23.3	18.99	14.84
Common Equity, 3 Yr. CAGR %	22.19	40.39	24.05	19.29	1.14
Tangible Book Value, 3 Yr. CAGR %	22.45	21.09	24.08	19.28	17.44
Cash From Operations, 3 Yr. CAGR %	12.92	-15.55	-2.33	3.38	37.94
Capital Expenditures, 3 Yr. CAGR %	21.8	7.86	31.42	30.47	74.46
Levered Free Cash Flow, 3 Yr. CAGR %	6.88	3.85	50.4	-28.03	28.69
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.3	5.21	50.49	-26.8	25.42
Dividend Per Share, 3 Yr. CAGR %	14.1	1.41	-	-0.33	7.3
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	31.66	17.08	16.93	21.5	27.42
Gross Profit, 5 Yr. CAGR %	16.76	15.93	16.9	8.29	6.1
EBITDA, 5 Yr. CAGR %	10.69	7.3	2.68	-7.16	-0.66
EBITA, 5 Yr. CAGR %	11.01	7.73	2.77	-7.34	-0.98
EBIT, 5 Yr. CAGR %	11.01	7.73	2.77	-7.34	-0.98
Earnings From Cont. Operations, 5 Yr. CAGR %	10.75	8.39	4.33	4.26	6.9
Net Income, 5 Yr. CAGR %	10.75	8.39	4.33	4.26	6.9
Normalized Net Income, 5 Yr. CAGR %	10.58	6.99	2.08	-8.43	-2.46
Diluted EPS Before Extra, 5 Yr. CAGR %	10.47	7.95	3.15	2.92	5.55
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.22	0.08	2.3	3.46	13.42
Accounts Receivable, 5 Yr. CAGR %	22.56	34.34	34.27	50.17	46.13
Total Assets, 5 Yr. CAGR %	18.6	19.4	17.54	18.41	21.45
Common Equity, 5 Yr. CAGR %	22.72	32.48	22.37	21.05	18.87
Tangible Book Value, 5 Yr. CAGR %	22.84	21.31	22.53	21.11	18.91
Cash From Operations, 5 Yr. CAGR %	11.27	-0.94	0.42	1.67	16.12
Capital Expenditures, 5 Yr. CAGR %	12.31	3.41	20.92	24.68	50.78
Levered Free Cash Flow, 5 Yr. CAGR %	14.83	-10.69	0.58	-2.22	31.37
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.08	-9.84	1.03	-1.14	29.53
Dividend Per Share, 5 Yr. CAGR %	17.55	9.1	6.92	4.18	-