HDFC Life Stocks: Buy HDFC Life Insurance Company; Target price Rs 755: ICICI Securities | Techno Glob


The call was bought with a target price of Rs.755. The current price of HDFC Life Insurance Company is Rs.539.7. The time given by the analyst is one year. The price can reach a certain target.




HDFC Life Insurance Company Ltd. which was established in 2000. is one of the most valuable companies in the financial services sector with a turnover of Rs 114386.03 crore.

HDFC Life Insurance Company Limited. Key product/income segments include premiums and income from investments for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-09-2022, the company posted a total revenue of Rs.22987.27 crore; The total revenue for the last quarter has increased by 237.68% from Rs.6807.43 crore and the total revenue for the same quarter last year has increased by Rs.20389.11%. The company reported a net profit after tax of Rs 329.02 crore in the last quarter.

Investment Rationale
Amortization was Rs 404bn based on FY24E EV of Rs 39bn; 30x (unchanged) FY24E’s new business of Rs39bn and incremental interest of Rs23 per share.

Lifetime based on 1.5x FY24E EV of Rs 33bn.



Promoter/FII Holdings
The promoters hold 51.52 per cent stake in the company as on 30-Jun-2022, while FIIs hold 28.0 per cent; DII owns 6.58 percent.

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