Canara HSBC Life Insurance Company
Canara HSBC Life Insurance Company
InsuranceKey Fundamentals
MicrocapLife InsuranceInsuranceTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 32.0%
Weaknesses
5- Stock is trading at 8.37 times its book value
- The company has delivered a poor sales growth of 4.55% over past five years.
- Tax rate seems low
- Company has a low return on equity of 8.08% over last 3 years.
- Earnings include an other income of Rs.85.3 Cr.
Growth Rate
AI Analysis — Bull vs Bear
Canara HSBC Life Insurance has a market capitalisation of about Rs 14,116 Cr. It trades at a P/E of 109.8x and a P/B of 8.81x, while its return on equity has been about 8% over both the last 3 years and the last year. Revenue has compounded at 11% over 3 years but only 5% over 5 years. Profit has grown 12% over 3 years and 8% on a TTM basis, and the company pays out about 32% of profit as dividends. It has only a short trading history as a listed stock, so no 52-week range or stock-return history is available.
- Growth has picked up recently. Revenue compounded at 11% over 3 years versus 5% over 5 years, and profit compounded at 12% over 3 years versus 6% over 5 years.
- Profit grew 12% a year over 3 years, slightly faster than revenue at 11%. This suggests the business is getting modestly more efficient as it scales.
- The company pays out about 32% of profit as dividends, giving a 0.26% yield. That is a regular cash return for a life insurer that is still growing and needs capital.
- ROE has held steady at about 8% over the last year, 3 years and 5 years (7% over 5 years). This points to predictable economics rather than volatile earnings.
- The company can sell through the branch network of Canara Bank, its bank promoter, and is backed by HSBC as a foreign partner. That gives it a distribution base that a Rs 14,116 Cr insurer would find hard to build on its own.
- Life insurers are usually valued on embedded value rather than earnings. Reported profit (about Rs 129 Cr implied by the 109.8x P/E) understates value that builds up in the policy book, so the headline P/E may overstate how expensive the stock is.
- The known pros list notes the company is 'expected to give good quarter'. That points to positive near-term earnings momentum on top of the 8% TTM profit growth.
- A P/E of 109.8x is a steep price for a company growing profit 8% on a TTM basis and 12% over 3 years. The market is assuming much faster growth ahead.
- The stock trades at 8.81x book value while ROE is about 8%. Paying nearly 9x book for returns in single digits leaves little room for disappointment.
- Other income of Rs 85.3 Cr is large compared with implied annual profit of about Rs 129 Cr (Rs 14,116 Cr market cap divided by 109.8x P/E). Roughly two-thirds of reported earnings may not come from the core business.
- Revenue compounded at only about 4.55–5% a year over 5 years. That is low for a life insurer in an under-penetrated market and raises questions about how durable the recent 11% 3-year growth is.
- TTM revenue growth has slowed to 9% from 11% over 3 years, and TTM profit growth has slowed to 8% from 12%. Growth may be losing pace.
- The tax rate looks low. That is common for life insurers because of how policyholder and shareholder accounts are taxed, but any change to insurer taxation could hit the roughly Rs 129 Cr of profit.
- The stock listed recently, so there is no 52-week high/low or 1-, 3- or 5-year return history. Price discovery is limited, and future share sales by the promoters could weigh on a Rs 14,116 Cr company.
- The dividend yield is only 0.26%, so shareholder returns depend almost entirely on the stock re-rating up from a 109.8x P/E rather than on income.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- IRDAI ₹1 crore misselling penalty Sep 10
IRDAI fined Canara HSBC Life ₹1 crore for policy misselling, citing violations of policyholder interest regulations. The amount is small, but it points to weak sales conduct and compliance, and regulators may watch the company more closely.
- Two independent directors reappointed Sep 9
On September 9, 2026, the board approved reappointing Dr Kishore Kumar Sansi and Mr Supratim Bandyopadhyay as independent directors for three-year terms, subject to shareholder approval. This keeps the board stable but does not change the investment case.
TL;DR: Recent news flow for Canara HSBC Life is light and leans negative. The main item is a ₹1 crore IRDAI penalty for misselling, which raises questions about distribution practices and policyholder-protection compliance. The two independent-director reappointments keep governance steady but don't offset that. The articles include no positive business developments. Investors should watch for more regulatory action and for any changes to sales practices, especially through the bancassurance channel, to judge whether this is a one-off or a sign of deeper compliance problems.
Quarterly Results
| Particulars | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,323 | 1,516 | 2,783 | 3,632 | 2,348 | 4,202 | 1,374 | 4,351 |
| Expenses | 3,317 | 1,539 | 2,749 | 3,625 | 2,332 | 4,272 | 1,258 | 4,351 |
| Operating Profit | 6 | -23 | 34 | 6 | 16 | -70 | 116 | 0 |
| OPM % | 0.2% | -1.5% | 1.2% | 0.2% | 0.7% | -1.7% | 8% | 0% |
| Other Income | 37 | 51 | 1 | 20 | 30 | 101 | -77 | 32 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 43 | 28 | 35 | 26 | 45 | 31 | 39 | 32 |
| Tax % | 15% | -4% | 8% | 10% | 10% | 10% | 10% | 11% |
| Net Profit | 37 | 29 | 32 | 23 | 41 | 28 | 35 | 28 |
| EPS in Rs | 0.39 | 0.31 | 0.34 | 0.25 | 0.43 | 0.29 | 0.37 | 0.3 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,074 | 9,253 | 8,496 | 8,435 | 11,841 | 10,710 | 11,556 | 12,275 |
| Expenses | 3,059 | 9,323 | 8,726 | 8,471 | 11,705 | 10,578 | 11,424 | 12,214 |
| Operating Profit | 15 | -71 | -230 | -36 | 136 | 131 | 132 | 61 |
| OPM % | 0.5% | -0.8% | -2.7% | -0.4% | 1.1% | 1.2% | 1.1% | 0.5% |
| Other Income | 104 | 184 | 256 | 155 | 11 | 19 | 29 | 85 |
| Interest | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 13 | 17 | 19 | 23 | 22 | 20 | 0 |
| PBT | 105 | 95 | 10 | 100 | 124 | 128 | 141 | 146 |
| Tax % | 0% | 0% | 0% | 9% | 9% | 9% | 10% | — |
| Net Profit | 105 | 95 | 10 | 91 | 113 | 117 | 127 | 131 |
| EPS in Rs | 1.11 | 1 | 0.11 | 0.96 | 1.19 | 1.23 | 1.33 | 1.39 |
| Div. Payout % | 0% | 0% | 278% | 31% | 34% | 32% | 30% | — |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 950 | 950 | 950 | 950 | 950 | 950 | 950 |
| Reserves | 239 | 330 | 340 | 403 | 469 | 567 | 655 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 250 |
| Other Liabilities | 14,757 | 21,306 | 25,925 | 29,957 | 37,332 | 41,397 | 46,201 |
| Total Liabilities | 15,946 | 22,586 | 27,215 | 31,310 | 38,751 | 42,914 | 48,057 |
| Fixed Assets | 32 | 37 | 70 | 73 | 77 | 42 | 31 |
| CWIP | 4 | 7 | 4 | 5 | 2 | 4 | 6 |
| Investments | 15,374 | 21,871 | 26,266 | 30,179 | 37,357 | 41,166 | 46,118 |
| Other Assets | 536 | 671 | 875 | 1,053 | 1,314 | 1,702 | 1,901 |
| Total Assets | 15,946 | 22,586 | 27,215 | 31,310 | 38,751 | 42,914 | 48,057 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | — | 2,340 | 1,998 | 2,592 | 2,310 | 1,208 | 3,534 |
| Investing | — | -2,236 | -1,929 | -2,518 | -2,045 | -714 | -3,666 |
| Financing | — | 0 | 0 | -28 | -48 | -19 | 212 |
| Net Cash Flow | — | 103 | 69 | 46 | 218 | 474 | 80 |
| Free Cash Flow | — | 2,319 | 1,980 | 2,568 | 2,283 | 1,197 | 3,523 |
| CFO/OP | — | -3,306 | -871 | -7,284 | 1,708 | 930 | 2,687 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Working Capital Days | -4 | -15 | -6 | -5 | -3 | -2 | -5 |
| ROCE % | — | 8% | 1% | 8% | 9% | 9% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Canara HSBC Life Insurance Company insights
41 extracted metrics + investor summaries across FY20–FY27.
Documents
Frequently Asked Questions about Canara HSBC Life Insurance Company
What does Canara HSBC Life Insurance Company Ltd do?
Where is Canara HSBC Life Insurance Company Ltd (CANHLIFE) listed?
Which sector does Canara HSBC Life Insurance Company Ltd belong to?
What is the market capitalisation of Canara HSBC Life Insurance Company Ltd?
What is the PE ratio of Canara HSBC Life Insurance Company Ltd?
What is the 52-week high and low of Canara HSBC Life Insurance Company Ltd?
Does Canara HSBC Life Insurance Company Ltd pay dividends?
What is the Return on Equity (ROE) of Canara HSBC Life Insurance Company Ltd?
Company Information
Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram. In 2008, Canara HSBC Life Insurance was a JV between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and PNB (23%). In 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, PNB.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/CANHLIFE.md for Canara HSBC Life Insurance Company Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.