HDFCLIFE · Insurance (Life) · INE795G01014
Analyst mean 1.54 · 35 analysts · 68% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 1146% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹22,625 cr against trailing net profit ₹1,974 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (4.3% and 5.1%) — growth is translating to the bottom line.
Trailing revenue ₹103,728 cr, trailing profit ₹1,974 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow is positive and consistent — the business funds itself after capex.
Latest free cash flow ₹22,341 cr. Negative in only 0 of 12 years. A self-funding business needs less external capital and dilutes less.
Other income is 44% of pre-tax profit — a large share of the profit comes from outside the core operating business.
Trailing other income ₹930 cr against pre-tax profit ₹2,130 cr. High other-income dependence means the headline profit is flattered by treasury, one-offs, or non-operating items rather than the core business.
Borrowings rose 226% over two years while the company also carries ₹373,340 cr in investments. Why borrow at interest while parking money elsewhere is a fair question.
Borrowings moved to ₹3,099 cr from ₹950 cr. Simultaneous large investments can be legitimate treasury management, or a sign that reported cash is not freely available.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28,497 | 17,300 | 24,191 | 29,463 | 20,651 | 29,428 | 19,890 | 33,759 |
| Expenses | 28,807 | 16,852 | 23,814 | 29,024 | 20,336 | 29,157 | 19,782 | 33,253 |
| Other Income | 279 | -29 | 124 | 164 | 157 | 174 | 428 | 171 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -30 | 419 | 500 | 604 | 471 | 445 | 537 | 677 |
| Net Profit | 435 | 421 | 475 | 548 | 448 | 418 | 497 | 611 |
| EPS | 2.02 | 1.96 | 2.21 | 2.54 | 2.08 | 1.94 | 2.31 | 2.81 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 2,021 | 2,113 | 2,149 | 2,151 | 2,153 | 2,158 |
| Reserves | 6,619 | 13,501 | 10,844 | 12,515 | 14,002 | 15,592 |
| Borrowings | 600 | 600 | 950 | 950 | 2,950 | 3,099 |
| Fixed Assets | 585 | 6,605 | 997 | 1,549 | 2,143 | 2,716 |
| CWIP | 14 | 20 | 31 | 28 | 109 | 139 |
| Investments | 173,564 | 216,551 | 238,197 | 291,128 | 334,756 | 373,340 |
| Total Assets | 179,655 | 230,734 | 248,069 | 302,687 | 349,412 | 390,502 |