Time period given by analyst is one year when HDFC Life Insurance Company Ltd. price can reach defined target.
HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 145796.32 Crore) operating in Financial Services sector.
HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 395.46 Crore, down -32.38 % from last quarter Total Income of Rs 584.85 Crore and down -12.61 % from last year same quarter Total Income of Rs 452.50 Crore. Company reported net profit after tax of Rs 269.55 Crore in latest quarter.
Investment Rationale
The brokerage is positive on HDFC Life given its growth, strong distribution network and market-leading position. The stock quotes at ~4.1x FY23e embedded value. The brokerage initiates coverage on it with a Hold recommendation and a target price of Rs786, valuing it at 4.4x FY23e EV. Key risks: Change in regulations, adverse economic events, change in persistency.
Promoter/FII Holdings
Promoters held 53.8 per cent stake in the company as of June 30, 2021, while FIIs held 26.1 per cent, DIIs 5.9 per cent and public and others 14.2 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
