AgenciesEmkay Global has buy call on with a target price of Rs 670. The current market price of Insurance Company is Rs 575.25.
HDFC Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 121475.73 Crore) operating in Financial Services sector.
HDFC Life Insurance Company key Products/Revenue Segments include Premiums Earned and Income From Investment for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 22987.27 Crore, up 237.68 % from last quarter Total Income of Rs 6807.43 Crore and up 11.11 % from last year same quarter Total Income of Rs 20689.53 Crore. Company has reported net profit after tax of Rs 329.02 Crore in latest quarter.
The company’s top management includes Mr.Deepak S Parekh, Mr.Ketan Dalal, Ms.Bharti Gupta Ramola, Ms.Renu Sud Karnad, Mr.Keki M Mistry, Mr.V K Viswanathan, Mr.Prasad Chandran, Mr.Suresh Badami, Ms.Vibha Padalkar, Mr.Sumit Bose. Company has G M Kapadia & Co as its auditors. As on 30-06-2022, the company has a total of 211 Crore shares outstanding.
Investment Rationale
With the merger process of HDFC Life and Life being completed, HDFC Life reported strong growth of 47.6% in retail annual premium equivalent (APE) for Nov-22. Going further, the brokerage expects HDFC Life to report better growth, considering the synergy benefits accruing on account of the merger.
Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.0 per cent, DIIs 6.58 per cent.
HDFC Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 121475.73 Crore) operating in Financial Services sector.
HDFC Life Insurance Company key Products/Revenue Segments include Premiums Earned and Income From Investment for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 22987.27 Crore, up 237.68 % from last quarter Total Income of Rs 6807.43 Crore and up 11.11 % from last year same quarter Total Income of Rs 20689.53 Crore. Company has reported net profit after tax of Rs 329.02 Crore in latest quarter.
The company’s top management includes Mr.Deepak S Parekh, Mr.Ketan Dalal, Ms.Bharti Gupta Ramola, Ms.Renu Sud Karnad, Mr.Keki M Mistry, Mr.V K Viswanathan, Mr.Prasad Chandran, Mr.Suresh Badami, Ms.Vibha Padalkar, Mr.Sumit Bose. Company has G M Kapadia & Co as its auditors. As on 30-06-2022, the company has a total of 211 Crore shares outstanding.
Investment Rationale
With the merger process of HDFC Life and Life being completed, HDFC Life reported strong growth of 47.6% in retail annual premium equivalent (APE) for Nov-22. Going further, the brokerage expects HDFC Life to report better growth, considering the synergy benefits accruing on account of the merger.
Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.0 per cent, DIIs 6.58 per cent.
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