HDFC Life Insurance Company Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HDFCLIFE, BSE:540777 HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company Ltd.

27 Jul 2020

755.95

-0.12%

HDFC LIFE INSURANCE COMPANY LIMITED

Hold: HDFC Life Insurance Compan...

Target

Geojit BNP Paribas

Favorable product mix and healthy growth in individual protection segment should support company's outlook in near term. However, given current higher valuation, we see limited upside on the stock with a revised target price of Rs. 680 based on 4.5x FY22E. EV per share. Rapid growth in renewal collection Despite the robust growth in renewal premium, up 24.1% YoY to Rs. 3,239cr (contributing 55.3% of total gross income), company's gross premium income fell 10.3% YoY to Rs. 5,862cr. The decline was mainly attributable to lower first year...

Number of FII/FPI investors increased from 899 to 924 in Mar 2025 qtr.

HDFC Life Insurance Company Ltd.

22 Jul 2020

755.95

-0.12%

Growth to recover gradually; Persistency pressure in near term

Neutral: HDFC Life Insurance Compan...

Target

Motilal Oswal

HDFC Lifes (HDFCLIFE) reported weak business trends with new business APE declined 30% YoY affected by lockdown and weak buyer sentiment towards ULIP segment while the individual protection & PAR reflected strong traction. Overall, we expect VNB margins to gradually improve to ~26% by FY22E, led by 1QFY21 shareholders PAT grew 6% YoY to INR4.5b (above our estimates), supported by strong opex control even as business growth was weak. However in the near term, Individual Protection/PAR segments are likely to see healthy growth while ULIP trends should remain sluggish. HDFCLIFE has strong positioning, which is helping drive higher business It is witnessing some decline in persistency in the ULIP segment while it remains In non-PAR savings, it has cautiously slowed down in the current environment. However in the near term, Protection/ PAR segments are likely to see healthy growth while ULIP trend should remain sluggish.

HDFC Life Insurance Company Ltd. has gained 27.22% in the last 6 Months

HDFC Life Insurance Company Ltd.

22 Jul 2020

755.95

-0.12%

Q1FY21 Result Update - Tepid performance

Sell: HDFC Life Insurance Compan...

Recommendation Target

Prabhudas Lilladhar

HDFC Life's overall APE de-grew by 30% YoY as FYP and Single Premiums de-grew 23%YoY/38%YoY respectively. Product mix on Ind. APE basis continued its bias in Par segment from NPar (slowed SP product on higher base) which also has drag on margins being maintained at 24.3% (flat QoQ) as individual protection business still was better. Structurally growth pull back will be stronger with better positioning on protection, digital and tech led adoption. Although, in medium term slower attachment rates in credit life, on-par peer positioning in term insurance rates and lower room for risks on...

HDFC Life Insurance .. has an average target of 822.62 from 8 brokers.

HDFC Life Insurance Company Ltd.

14 Jul 2020

755.95

-0.12%

Non-PAR, Protection to drive business growth

Neutral: HDFC Life Insurance Compan...

Target

Motilal Oswal

HDFC Life has increased focus on the Protection and Non-PAR segments; the Non-PAR Savings business grew at ~220% YoY and the Protection business at 15% YoY. The Annuity business is gaining momentum; thus, its share has improved to ~16% of NBP (4% of the total individual APE). The share of Protection has improved to ~17.2% of the total APE. Furthermore, growth in new business premiums, led by the Group Savings business, increased at 25% YoY. HDFC Life reported improvement in persistency, led by a focus on better quality business, the leveraging of technological capabilities, and need-based selling, resulting in surrenders declining to ~35% in FY20 from ~76% in FY15. Surrenders and withdrawals together as a percentage of total benefit payouts declined to ~48% in FY20, from ~64% in FY18, weighed by management focus on need-based selling.

Number of FII/FPI investors increased from 899 to 924 in Mar 2025 qtr.

HDFC Life Insurance Company Ltd.

02 Jul 2020

755.95

-0.12%

HDFC Life Insurance Company Ltd

Hold: HDFC Life Insurance Compan...

Karvy

Valuation and Outlook: We have valued the stock based on 5x forward P/EV and 57.5x forward P/VNBwith a premium of 1.05x and has arrived at a price target of Rs. 574 with potentialupside of 11%.

HDFC Life Insurance Company Ltd. has gained 27.22% in the last 6 Months

HDFC Life Insurance Company Ltd.

08 Jun 2020

755.95

-0.12%

HDFC Life Insurance Company Ltd

Hold: HDFC Life Insurance Compan...

Target

Karvy

Valuation and Outlook: We have valued the stock based on 5x forward P/EV and 57.5x forward P/VNB with a premium of 1.05x and has arrived at a price target of Rs. 574 with potential upside of 11%.

HDFC Life Insurance Company Ltd. is trading below its 30 day SMA of 775.7

HDFC Life Insurance Company Ltd.

11 May 2020

755.95

-0.12%

Monthly Update - Continued de-growth but with limited intensity

Hold: HDFC Life Insurance Compan...

Target

Prabhudas Lilladhar

medical services whereas normal business growth was led by protection (marketing the increase in rates was one factor) and push from online channel sales. We believe, May & Jun should trend with similar de-growth numbers and will pick up only in 2HFY21....

HDFC Life Insurance Company Ltd. is trading below its 30 day SMA of 775.7

HDFC Life Insurance Company Ltd.

30 Apr 2020

755.95

-0.12%

Index View

Buy: HDFC Life Insurance Compan...

IDBI Capital

Currently, Nifty has completed retracement of almost 45% of the fall which was from 12,430 to 7,511. We expect the Nifty to see retracement of 50% which would be at 9,970 levels. We see very high probability of reversal from those levels because we have conflux of resistance around 9,970 to 10,330 levels. So from the current levels, there is limited upside so please don't get too carried away with current rally. If the Nifty reverses from here to 10,300 levels, then the correction can be sharp taking the Nifty to 7,500 levels. The correction can also be to the extend of 6,500 levels. Also, here we would advise to our clients to book partial profit on Index view which we initiate on 20th March, 2020 where we had talked about pullback rally to towards 9,600 -10,300 levels....

HDFC Life Insurance Company Ltd. is trading above its 200 day SMA of 690.7

HDFC Life Insurance Company Ltd.

28 Apr 2020

755.95

-0.12%

APE growth/margin moderates; Persistency ratio remains steady

Neutral: HDFC Life Insurance Compan...

Target

Motilal Oswal

28 April 2020 HDFC Lifes (HDFCLIFE) results reflected weak business trends due to the COVID-19 led lockdown and volatile markets. 4QFY20 APE growth declined 5% YoY led by ULIPs while protection business growth was strong at 28% QoQ. Persistency ratio improved across 13-month/61-month cohorts to ~90%/~55% (v/s ~87%/~52% in FY19). The share of the protection business in 4QFY20 improved further to 18.5% in total APE (17.2% in FY20). We have cut our EPS estimates by 14%/8% for FY21/FY22E, mainly to factor in the companys softer business growth. Maintain weak business trends due to the lockdown in Mar20 and higher provisions. Net premium income growth moderated ~2% YoY with first year premium declining 4% YoY; renewal/single premium growth was tepid at 4% YoY each. Persistency ratio improved across 13-month/61-month cohorts to during 4QFY20 declined 5% YoY to INR17.5b while group APE declined 3% YoY to INR3.6b. Thus, total new business APE declined 4% YoY to INR21.

Number of FII/FPI investors increased from 899 to 924 in Mar 2025 qtr.

HDFC Life Insurance Company Ltd.

28 Apr 2020

755.95

-0.12%

Q4FY20 Result Update - Mixed performance with challenge on margins - HOLD

Hold: HDFC Life Insurance Compan...

Target

Prabhudas Lilladhar

Creates COVID reserves of Rs400mn; remains comfortable on solvency HDFC Life's overall APE grew by 18% YoY driven by decent growth in NBP & regular premiums. Product mix on Ind. APE basis shifted to Par (traction from SPar Advantage) from NPar (slowed SP product) which also likely dragged margins lower sequentially to 25.9% in FY20 from 26.6% in 9M20 and also conservatively increasing persistency & mortality assumptions. Higher protection mix, diversified product suite & strong technology adoption enables to retain continued business growth but margins trajectory will be...

HDFC Life Insurance Company Ltd. has gained 27.22% in the last 6 Months

Is HDFC Life Insurance Company Ltd. worth buying?

964 Votes:

Buy 78.42%

Sell 13.59%

Hold 7.99%

RESEARCH REPORTS

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