SBI Life Insuran

₹1428.3 6.6 | 0.5%

WEBSITE BSE:540719 NSE : SBILIFE 10 May, 16:01

Market Cap ₹143039 Cr.

Stock P/E 75.5

P/B 9.8

Current Price ₹1428.3

Book Value ₹ 145.7

Face Value 10

52W High ₹1571.6

Dividend Yield 0.19%

52W Low ₹ 1142.8

Edit Ratio

SBI Life Insuran Research see more...

Research Report: SBI Life

Overview Inc. Year: 2000Industry: Insurance

SBI Life Insurance Company Ltd is an primarily India-based organization, which gives life coverage. The Company gives a range of offerings, consisting of premium calculator, retirement planner, child education planner and tax calculator. Its character plans consist of unit related plans, child plans, retirement plans, safety plans and financial savings plans. Its organization plans includes Corporate Solutions, Group Loan Protection Products and Group Micro Insurance Plans. Its company solutions include retirement solutions, consisting of SBI Life-Kalyan ULIP Plus, SBI lifestyles-CapAssure Gold and SBI life-Swarna Jeevan, and group safety plans. Its Group Loan Protection Product includes SBI Life-RiNn Raksha. Its Group Micro Insurance Plans consist SBI Life-Grameen Shakti and SBI Life-Grameen Super Suraksha. Its Online Plans includes SBI Life-eIncome Shield, SBI Life-eShield and SBI Life-Annuity Plus.

SBI Life Insuran Share Price

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Peer Comparison

SBI Life Insuran Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	18025	17434	11036	16477	19171	19897	13104	20050	22316	25116
Other Income	2656	4232	-6219	11251	7659	3121	14800	8767	16734	12778
Total Income	20682	21666	4817	27728	26830	23018	27904	28816	39051	37895
Total Expenditure	20272	20941	4516	27292	26483	22197	27471	28392	38681	37043
Operating Profit	410	725	301	437	346	822	433	424	370	851
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	410	725	301	437	346	822	433	424	370	851
Provision for Tax	46	53	38	60	42	45	52	44	48	40
Profit After Tax	364	672	263	377	304	777	381	380	322	811
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	364	672	263	377	304	777	381	380	322	811
Adjusted Earnings Per Share	3.6	6.7	2.6	3.8	3	7.8	3.8	3.8	3.2	8.1

SBI Life Insuran Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	10382	10657	12780	15665	20852	25160	32890	40324	49768	58432	66581	80586
Other Income	4662	6697	10410	3454	9424	8600	11371	3519	32317	24595	15017	53079
Total Income	15044	17355	23190	19119	30276	33761	44261	43843	82085	83027	81598	133666
Total Expenditure	14253	16439	22382	18301	29442	32500	42906	41571	80180	81017	78595	131587
Operating Profit	791	915	808	818	834	1261	1355	2271	1905	2010	3004	2078
Interest	4	5	4	5	5	6	8	8	8	10	10	0
Depreciation	25	45	38	14	47	59	91	89	99	75	68	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	622	740	834	874	975	1184	1373	1414	1542	1561	1758	2078
Provision for Tax	0	0	14	13	20	34	46	-9	87	55	38	184
Profit After Tax	622	740	820	861	955	1150	1327	1422	1456	1506	1721	1894
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	622	740	820	861	955	1150	1327	1422	1456	1506	1721	1894
Adjusted Earnings Per Share	6.2	7.4	8.2	8.6	9.5	11.5	13.3	14.2	14.6	15.1	17.2	18.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	14%	18%	21%	20%
Operating Profit CAGR	49%	10%	19%	14%
PAT CAGR	14%	7%	8%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	20%	12%	17%	NA%
ROE Average	14%	14%	16%	19%
ROCE Average	14%	15%	16%	20%

SBI Life Insuran Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2683	3306	3974	4691	5465	6374	7460	8884	10093	11418	12925
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	49864	56072	68795	76768	94742	113074	137155	155483	214731	259154	299053
Total Current Liabilities	1354	1473	1676	2503	2764	3216	3377	2784	3805	4559	4731
Total Liabilities	53901	60851	74445	83961	102971	122665	147992	167150	228629	275131	316709
Fixed Assets	273	282	265	301	507	511	563	568	564	524	520
Other Non-Current Assets	50050	56279	69393	78112	96040	114677	139529	159191	219116	265197	304724
Total Current Assets	3578	4289	4787	5548	6424	7476	7900	7391	8949	9410	11464
Total Assets	53901	60851	74445	83961	102971	122665	147992	167150	228629	275131	316709

SBI Life Insuran Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2303	3562	2962	5378	3808	3141	4405	4084	6198	10875	10885
Cash Flow from Operating Activities	1130	168	2715	5778	8525	10395	13473	19299	23878	21852	28656
Cash Flow from Investing Activities	-1222	-710	-182	-7204	-9031	-8910	-13553	-16987	-19203	-21611	-30203
Cash Flow from Financing Activities	-58	-58	-117	-144	-144	-221	-241	-198	3	-231	-415
Net Cash Inflow / Outflow	-150	-600	2416	-1570	-651	1264	-321	2113	4678	10	-1962
Closing Cash & Cash Equivalent	2153	2962	5378	3808	3157	4405	4084	6198	10875	10885	8923

SBI Life Insuran Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	6.22	7.4	8.2	8.61	9.55	11.5	13.27	14.22	14.56	15.05	17.19
CEPS(Rs)	6.22	7.4	8.2	8.61	9.55	11.5	13.27	14.22	14.56	15.05	17.19
DPS(Rs)	0.5	1	1.2	1.5	1.5	2	2	0	2.5	2	2.5
Book NAV/Share(Rs)	26.83	33.06	39.74	46.91	54.65	63.74	74.6	88.84	100.92	114.13	129.11
Core EBITDA Margin(%)	-37.28	-54.26	-75.13	-16.83	-41.19	-29.17	-30.45	-3.09	-61.11	-38.65	-18.04
EBIT Margin(%)	5.99	6.94	6.53	5.58	4.67	4.71	4.17	3.51	3.1	2.67	2.64
Pre Tax Margin(%)	5.99	6.94	6.53	5.58	4.67	4.71	4.17	3.51	3.1	2.67	2.64
PAT Margin (%)	5.99	6.94	6.42	5.5	4.58	4.57	4.03	3.53	2.93	2.58	2.58
Cash Profit Margin (%)	5.99	6.94	6.42	5.5	4.58	4.57	4.03	3.53	2.93	2.58	2.58
ROA(%)	1.25	1.33	1.25	1.13	1.06	1.06	1.02	0.93	0.76	0.61	0.6
ROE(%)	25.91	24.72	22.53	19.87	18.8	19.43	19.18	17.4	15.34	14	14.14
ROCE(%)	25.91	24.72	22.92	20.17	19.19	20.01	19.85	17.3	16.26	14.51	14.45
Receivable days	0	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	58.54	43.68	45.07	60.48	74.41	63.97
Price/Book(x)	0	0	0	0	0	10.56	7.77	7.22	8.73	9.82	8.52
Dividend Yield(%)	0	0	0	0	0	0.3	0.35	0	0.28	0.18	0.23
EV/Net Sales(x)	-0.11	-0.14	-0.12	-0.1	-0.07	2.57	1.69	1.55	1.71	1.86	1.59
EV/Core EBITDA(x)	-1.46	-1.69	-1.89	-1.98	-1.71	51.31	40.97	27.59	44.8	54.16	35.26
Net Sales Growth(%)	-20.63	2.65	19.92	22.58	33.11	20.66	30.72	22.6	23.42	17.41	13.95
EBIT Growth(%)	11.94	18.96	12.75	4.71	11.53	21.54	15.91	2.96	9.12	1.19	12.67
PAT Growth(%)	11.94	18.96	10.8	5	10.87	20.5	15.33	7.19	2.37	3.44	14.25
EPS Growth(%)	11.94	18.96	10.8	5	10.87	20.5	15.33	7.19	2.36	3.41	14.19
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	2.26	2.31	2.14	1.71	1.72	1.66	1.58	1.61	1.48	1.36	1.61
Quick Ratio(x)	2.26	2.31	2.14	1.71	1.72	1.66	1.58	1.61	1.48	1.36	1.61
Interest Cover(x)	0	0	0	0	0	0	0	0	0	0	0
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

SBI Life Insuran Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.69	55.48	55.48	55.46	55.45	55.45	55.45	55.44	55.43	55.42
FII	24.47	24.15	23.9	24.33	25.09	25.13	26.22	26.18	25.92	25.16
DII	12.01	12.46	12.29	15.65	14.94	15.08	14.15	14.28	14.63	15.41
Public	7.84	7.91	8.33	4.56	4.52	4.33	4.18	4.1	4.02	4.01
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.7	55.5	55.5	55.5	55.5	55.5	55.5	55.5	55.5	55.5
FII	24.47	24.15	23.91	24.34	25.11	25.15	26.25	26.2	25.96	25.19
DII	12.01	12.47	12.3	15.66	14.95	15.1	14.17	14.3	14.65	15.43
Public	7.84	7.91	8.34	4.57	4.52	4.34	4.18	4.11	4.02	4.02
Others	0	0	0	0	0	0	0	0	0	0
Total	100.03	100.04	100.05	100.07	100.08	100.09	100.1	100.11	100.12	100.15

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 9.8 times its book value.
The company has delivered a poor profit growth of 8% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.