Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SBI Life Insurance Company Ltd (SBILIFE)

Basic Stock Data

Last Updated: June 22, 2024, 10:26 pm

Market Cap 1,46,637 Cr.
Current Price 1,464
High / Low1,572/1,251
Stock P/E77.4
Book Value 149
Dividend Yield0.18 %
ROCE14.9 %
ROE13.6 %
Face Value 10.0
PEG Ratio13.19

Competitors of SBI Life Insurance Company Ltd (SBILIFE)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Max Financial Services Ltd 34,287 Cr. 9941,093/680101 1120.00 %9.77 %9.21 % 2.00
Industry Average34,287.00 Cr994.00101.00112.000.00%9.77%9.21%2.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales20,28916,00425,63620,67220,6714,80627,71726,81721,29627,89528,80539,03336,255
Expenses20,62415,75225,36420,27220,9414,51627,29226,48322,19727,47128,39238,68137,043
Operating Profit-335252272400-270290426333-901424413352-788
OPM %-2%2%1%2%-1%6%2%1%-4%2%1%1%-2%
Other Income8371711109951111131,723912181,639
Interest0000000000000
Depreciation0000000000000
Profit before tax502270282410725301437346822433424370851
Tax %-6%17%13%11%7%13%14%12%5%12%10%13%5%
Net Profit532223247364672263377304777381380322811
EPS in Rs5.322.232.473.646.722.633.763.047.763.813.803.218.10

Last Updated: June 9, 2024, 10:41 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:03 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales14,87017,25823,29919,32430,54834,06844,60443,79881,91382,98380,636131,988
Expenses14,44316,74722,50518,40429,47932,73643,13042,44781,04082,25480,420131,588
Operating Profit4275117949201,0681,3321,4741,351872730216400
OPM %3%3%3%5%4%4%3%3%1%1%0%0%
Other Income2923441831291391562665298671,0321,7581,678
Interest454556800000
Depreciation25353437485992899975680
Profit before tax6908169391,0071,1541,4221,6421,7901,6401,6871,9062,078
Tax %9%11%13%16%17%19%19%21%11%11%10%9%
Net Profit6307288158449551,1501,3271,4221,4561,5061,7211,894
EPS in Rs6.307.288.158.449.5511.5013.2714.2214.5615.0517.1918.91
Dividend Payout %8%14%15%14%16%17%15%0%17%13%15%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)15.56%11.95%3.56%13.15%20.42%15.39%7.16%2.39%3.43%14.28%10.05%
Change in YoY Net Profit Growth (%)0.00%-3.61%-8.39%9.59%7.27%-5.03%-8.23%-4.77%1.04%10.84%-4.22%

Growth

Compounded Sales Growth
10 Years:23%
5 Years:24%
3 Years:17%
TTM:64%
Compounded Profit Growth
10 Years:10%
5 Years:9%
3 Years:9%
TTM:10%
Stock Price CAGR
10 Years:%
5 Years:16%
3 Years:14%
1 Year:15%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:14%
Last Year:14%

Last Updated: June 17, 2024, 11:28 am

SBI Life Insurance Company Ltd (SBILIFE) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0011,001
Reserves1,1561,7362,3563,0563,7334,5525,5286,5767,7439,40010,62212,01712,968
Borrowings0000000000000
Other Liabilities46,08550,97857,28470,06478,69696,687115,193139,157156,837216,430261,715301,669338,453
Total Liabilities48,24053,71460,64074,12183,429102,240121,720146,734165,580226,830273,337314,686352,422
Fixed Assets263283304292301507511563568564919867542
CWIP2347146317032131310
Investments44,77850,04756,27569,38577,84395,830114,436139,325158,813218,756264,437303,988342,174
Other Assets3,1983,3824,0584,4375,1395,8716,7036,8146,1867,5097,9789,8309,705
Total Assets48,24053,71460,64074,12183,429102,240121,720146,734165,580226,830273,337314,686352,422

Reserves and Borrowings Chart

SBI Life Insurance Company Ltd (SBILIFE) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6,4681,1301662,7115,7788,52510,39513,47319,29923,87821,85228,656
Cash from Investing Activity -4,968-227-708-178-7,204-9,032-8,910-13,552-16,986-19,203-21,611-30,203
Cash from Financing Activity 0-58-58-117-144-144-221-241-1983-231-415
Net Cash Flow1,500845-6002,416-1,570-6511,264-3212,1144,67710-1,962

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow427.00511.00794.00920.001.001.001.001.00872.00730.00216.00400.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days-5-20-6334111-314
ROCE %28%27%25%23%23%24%22%22%17%15%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters55.70%55.69%55.69%55.48%55.48%55.46%55.45%55.45%55.45%55.44%55.43%55.42%
FIIs27.24%24.48%24.47%24.15%23.90%24.33%25.09%25.14%26.22%26.17%25.92%25.16%
DIIs9.64%12.06%12.00%12.46%12.29%15.65%14.93%15.09%14.15%14.27%14.63%15.40%
Public7.43%7.77%7.84%7.91%8.33%4.56%4.54%4.34%4.19%4.11%4.01%4.01%
No. of Shareholders3,83,4873,90,0494,10,1754,08,0814,03,4073,93,3983,84,7723,74,6743,58,0883,49,4073,38,5253,35,114

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)18.9217.1915.0614.5614.22
Diluted EPS (Rs.)18.9017.1815.0414.5514.22
Cash EPS (Rs.)18.9117.8715.0614.5614.23
Book Value[Excl.RevalReserv]/Share (Rs.)148.87130.06116.18131.2687.43
Book Value[Incl.RevalReserv]/Share (Rs.)148.87130.06116.18131.2687.43
Dividend / Share (Rs.)2.702.502.002.500.00
Revenue From Operations / Share (Rs.)1317.94805.63829.52819.07437.96
PBDIT / Share (Rs.)22.6821.3125.8917.7722.31
PBIT / Share (Rs.)22.6820.6325.8917.7722.31
PBT / Share (Rs.)22.6820.5325.7917.6822.22
Net Profit / Share (Rs.)18.9117.1915.0514.5614.22
PBDIT Margin (%)1.722.643.122.165.09
PBIT Margin (%)1.722.563.122.165.09
PBT Margin (%)1.722.543.102.155.07
Net Profit Margin (%)1.432.131.811.773.24
Return on Networth / Equity (%)12.7013.2112.9511.0916.26
Return on Capital Employeed (%)0.570.660.960.791.37
Return On Assets (%)0.470.540.550.640.85
Asset Turnover Ratio (%)0.370.270.330.410.28
Current Ratio (X)2.131.851.481.691.93
Quick Ratio (X)2.131.851.481.691.93
Dividend Payout Ratio (NP) (%)0.0014.5413.2817.170.00
Dividend Payout Ratio (CP) (%)0.0013.9913.2817.170.00
Earning Retention Ratio (%)0.0085.4686.7282.830.00
Cash Earning Retention Ratio (%)0.0086.0186.7282.830.00
Interest Coverage Ratio (X)0.00211.52258.66213.63262.94
Interest Coverage Ratio (Post Tax) (X)0.00186.42166.49191.47219.51
Enterprise Value (Cr.)145269.31105898.47108857.3085345.7262673.46
EV / Net Operating Revenue (X)1.101.311.311.041.43
EV / EBITDA (X)63.9549.6542.0248.0228.09
MarketCap / Net Operating Revenue (X)1.141.361.351.081.46
Retention Ratios (%)0.0085.4586.7182.820.00
Price / BV (X)10.068.469.646.717.33
Price / Net Operating Revenue (X)1.141.361.351.081.46
EarningsYield0.010.010.010.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1,571.26

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.33% compared to the current price 1464

Intrinsic Value: 1,663.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 13.62% compared to the current price ₹1464

Last 5 Year EPS CAGR: 5.87%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.08%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 0.92, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  4. The company has higher reserves (6,768.83 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (49.83 cr) and profit (204.58 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SBI Life Insurance Company Ltd (SBILIFE):
      1. Net Profit Margin: 1.43%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 0.57% (Industry Average ROCE: %)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 12.70% (Industry Average ROE: %)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 0.00
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 2.13
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. ✗ Stock P/E: 77.4 (Industry average Stock P/E: )
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. ✗ Total Debt / Equity: N/A
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company

    SBI Life Insurance Company Ltd. is a Public Limited Listed company incorporated on 11/10/2000 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH2000PLC129113 and registration number is 129113. Currently Company is involved in the business activities of Life insurance. Company’s Total Operating Revenue is Rs. 82983.29 Cr. and Equity Capital is Rs. 1000.37 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Finance - Life Insurance'Natraj', M V Road, Western Express Highway Junction, Mumbai Maharashtra 400069info@sbilife.co.in
    http://www.sbilife.co.in
    Management
    NamePosition Held
    Mr. Dinesh Kumar KharaChairman
    Mr. Mahesh Kumar SharmaManaging Director & CEO
    Ms. Usha SangwanIndependent Director
    Mr. Deepak AminIndependent Director
    Mr. Shobinder DuggalIndependent Director
    Dr. Tejendra Mohan BhasinIndependent Director
    Mr. Narayan K SeshadriIndependent Director
    Mr. Swaminathan JanakiramanNominee Director

    FAQ

    What is the latest fair value of SBI Life Insurance Company Ltd (SBILIFE)?

    The latest fair value of SBI Life Insurance Company Ltd (SBILIFE) is ₹1571.26.

    What is the Market Cap of SBI Life Insurance Company Ltd (SBILIFE)?

    The Market Cap of SBI Life Insurance Company Ltd (SBILIFE) is 1,46,637 Cr..

    What is the current Stock Price of SBI Life Insurance Company Ltd (SBILIFE) as on 23 June 2024?

    The current stock price of SBI Life Insurance Company Ltd (SBILIFE) as on 23 June 2024 is ₹1,464.

    What is the High / Low of SBI Life Insurance Company Ltd (SBILIFE) stocks in FY 2024?

    In FY 2024, the High / Low of SBI Life Insurance Company Ltd (SBILIFE) stocks is 1,572/1,251.

    What is the Stock P/E of SBI Life Insurance Company Ltd (SBILIFE)?

    The Stock P/E of SBI Life Insurance Company Ltd (SBILIFE) is 77.4.

    What is the Book Value of SBI Life Insurance Company Ltd (SBILIFE)?

    The Book Value of SBI Life Insurance Company Ltd (SBILIFE) is 149.

    What is the Dividend Yield of SBI Life Insurance Company Ltd (SBILIFE)?

    The Dividend Yield of SBI Life Insurance Company Ltd (SBILIFE) is 0.18 %.

    What is the ROCE of SBI Life Insurance Company Ltd (SBILIFE)?

    The ROCE of SBI Life Insurance Company Ltd (SBILIFE) is 14.9 %.

    What is the ROE of SBI Life Insurance Company Ltd (SBILIFE)?

    The ROE of SBI Life Insurance Company Ltd (SBILIFE) is 13.6 %.

    What is the Face Value of SBI Life Insurance Company Ltd (SBILIFE)?

    The Face Value of SBI Life Insurance Company Ltd (SBILIFE) is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SBI Life Insurance Company Ltd (SBILIFE). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE