SBI Life Insurance Company Ltd logo

SBI Life Insurance Company Ltd

SBILIFE NSE

Key Fundamentals

LargecapLife InsuranceInsurance
Market Cap
1.8L Cr
Volatility
Moderate
P/E Ratio
69.88
EBITDA
₹2,813 Cr
Return on Equity
12.94%
Debt to Equity
0
Book Value
₹200.56
EPS
₹20.29
52W High
₹2,132
52W Low
₹1,700.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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37 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company is expected to give good quarter

Weaknesses

5
  • Stock is trading at 9.12 times its book value
  • The company has delivered a poor sales growth of 6.52% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.1,991 Cr.
  • Dividend payout has been low at 12.2% of profits over last 3 years

Growth Rate

Revenue Growth
-3.37% ↘
Net Income Growth
2.36% ↗
Cash Flow Change
35.14% ↗
ROE
-8.94% ↘
ROCE
-7.14% ↘
EBITDA Margin (Avg.)
4.68% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

SBI Life Insurance commands a market cap of ₹1,84,975 Cr at a PE of 71.8x and PB of 9.28x, with consistent ROE of ~14% over 3-5 years. The company is virtually debt-free but has posted a TTM sales decline of -1% and compounded profit growth of only 5% TTM, raising questions about near-term momentum despite a solid long-term track record of 11% profit CAGR over 10 years.

Bull Case 8
  • Company is almost debt-free, providing financial flexibility and low balance sheet risk in a capital-intensive insurance industry
  • Consistent ROE of 14% maintained over 3-year and 5-year periods, indicating stable return generation for shareholders
  • 10-year compounded sales growth of 19% demonstrates strong long-term business scaling and market penetration
  • 10-year compounded profit growth of 11% shows durable earnings power over a full market cycle
  • Company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum
  • 3-year compounded profit growth of 13% outpaces the 5-year CAGR of 11%, indicating recent acceleration in profitability
  • 3-year stock CAGR of 12% reflects reasonable market confidence in the business trajectory
  • SBI parentage provides unmatched bancassurance distribution access across 22,000+ SBI branches, a structural moat difficult for competitors to replicate
Bear Case 8
  • PE ratio of 71.8x is elevated, implying the market is pricing in significant future growth that may not materialize given recent TTM sales decline of -1%
  • Stock trades at 9.28x book value, a steep premium that leaves limited margin of safety for investors
  • TTM sales growth of -1% marks a sharp deceleration from the 3-year CAGR of 12%, signaling potential demand headwinds
  • 5-year compounded sales growth of only 6.5-7% is underwhelming for a large-cap insurer in a structurally underpenetrated market
  • Dividend payout of just 12.2% of profits over 3 years offers minimal income return, with dividend yield at only 0.15%
  • Earnings include other income of ₹1,991 Cr, raising questions about the quality and sustainability of reported profits
  • TTM profit growth has slowed to 5% from 13% over 3 years, suggesting margin or operational pressure in the most recent period
  • 1-year stock CAGR of only 1% indicates the market has largely stalled on re-rating the stock at current valuations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 5h ago
Headwinds 1
  • VNB margin compression from GST Jul 30

    VoNB margin compressed to 26.2% in Q1FY27 due to GST impact and product mix shifts, despite strong absolute VoNB growth of 29% to ₹14.1 billion.

Positives 4
  • Q1FY27 profit surges 22% YoY Jul 30

    Net profit rose 22% to ₹7.2 billion in Q1FY27 with GWP growing 20% to ₹212.9 billion. Strong performance across bancassurance and agency channels.

  • VoNB grows 29% to ₹14.1B Jul 30

    Value of New Business jumped 29% YoY to ₹14.1 billion in Q1FY27, indicating strong new business profitability despite margin pressure.

  • Healthy embedded value at ₹85,290 Cr Jul 25

    Embedded value stands at ₹85,290 crore with solvency ratio at 1.96, reflecting strong balance sheet fundamentals.

  • BRSR report filed for FY26 Jul 23

    SBI Life submitted its Business Responsibility and Sustainability Report for FY 2025-26, covering ESG performance, environmental initiatives, and value chain assessments.

Neutral 3
  • VNB margin guidance 26%-28% Jul 27

    SBI Life set FY27 VNB margin guidance at 26%-28%, providing a defined benchmark for evaluating new business quality and product mix.

  • Investor meet on Aug 12 Aug 8

    Senior management to present at the Emkay Confluence Investor Conference in Mumbai on August 12, 2026.

  • Q1FY27 earnings call held Jul 24 Jul 20

    SBI Life held an earnings call on July 24, 2026 at 16:30 IST to discuss Q1FY27 performance with analysts.

TL;DR: SBI Life delivered a strong Q1FY27 with 22% profit growth, 20% GWP expansion, and 29% VoNB surge, demonstrating robust top-line and bottom-line momentum. The key risk is VNB margin compression to 26.2% from GST and product mix shifts, though management has guided 26%-28% for FY27. Solvency remains healthy at 1.96 and embedded value is solid at ₹85,290 crore. The growth trend is clearly positive, but margin trajectory needs monitoring through FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
27,895
28,805
39,033
36,255
34,654
40,302
18,862
23,071
38,996
23,115
46,133
4,071
46,337
Expenses
27,471
28,392
38,681
37,043
34,060
39,696
18,266
23,520
38,333
22,600
45,517
5,117
45,579
Operating Profit
424
413
352
-788
594
606
596
-449
664
516
615
-1,046
757
OPM %
1.5%
1.4%
0.9%
-2.2%
1.7%
1.5%
3.2%
-1.9%
1.7%
2.2%
1.3%
-26%
1.6%
Other Income
9
12
18
1,639
3
-4
-3
1,350
-8
16
27
1,913
36
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
433
424
370
851
597
601
594
901
656
532
642
867
793
Tax %
12%
10%
13%
5%
13%
12%
7%
10%
9%
7%
10%
7%
9%
Net Profit
381
380
322
811
520
529
551
814
594
495
577
805
725
EPS in Rs
3.81
3.8
3.21
8.1
5.19
5.28
5.5
8.12
5.93
4.93
5.75
8.02
7.23
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
23,299
19,324
30,548
34,068
44,604
43,798
81,913
82,983
80,636
1,31,988
1,16,888
1,12,315
1,19,656
Expenses
22,505
18,404
29,479
32,736
43,130
42,447
81,040
82,254
78,713
1,29,884
1,15,469
1,11,451
1,18,813
Operating Profit
794
920
1,068
1,332
1,474
1,351
872
730
1,923
2,104
1,420
864
843
OPM %
3.4%
4.8%
3.5%
3.9%
3.3%
3.1%
1.1%
0.9%
2.4%
1.6%
1.2%
0.8%
0.7%
Other Income
183
129
139
156
266
529
867
1,032
51
50
1,357
1,948
1,991
Interest
4
5
5
6
8
0
0
0
0
0
0
0
0
Depreciation
34
37
48
59
92
89
99
75
68
76
84
115
0
PBT
939
1,007
1,154
1,422
1,642
1,790
1,640
1,687
1,906
2,078
2,693
2,697
2,834
Tax %
13%
16%
17%
19%
19%
21%
11%
11%
10%
9%
10%
8%
—
Net Profit
815
844
955
1,150
1,327
1,422
1,456
1,506
1,721
1,894
2,413
2,470
2,601
EPS in Rs
8.15
8.44
9.55
11.5
13.27
14.22
14.56
15.05
17.19
18.91
24.08
24.63
25.93
Div. Payout %
15%
14%
16%
17%
15%
0%
17%
13%
15%
14%
11%
11%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,001
1,001
1,002
1,003
Reserves
3,056
3,733
4,552
5,528
6,576
7,743
9,400
10,622
12,017
13,907
15,983
18,083
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
70,064
78,696
96,687
1,15,193
1,39,157
1,56,837
2,16,430
2,61,715
3,01,582
3,83,369
4,40,110
4,80,960
Total Liabilities
74,121
83,429
1,02,240
1,21,720
1,46,734
1,65,580
2,26,830
2,73,337
3,14,599
3,98,277
4,57,095
5,00,046
Fixed Assets
292
301
507
511
563
568
564
919
520
551
580
647
CWIP
7
146
31
70
32
13
1
3
1
6
10
41
Investments
69,385
77,843
95,830
1,14,436
1,39,325
1,58,813
2,18,756
2,64,437
3,04,334
3,85,590
4,47,467
4,86,367
Other Assets
4,437
5,139
5,871
6,703
6,814
6,186
7,509
7,978
9,743
12,130
9,038
12,991
Total Assets
74,121
83,429
1,02,240
1,21,720
1,46,734
1,65,580
2,26,830
2,73,337
3,14,599
3,98,277
4,57,095
5,00,046
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2,711
5,778
8,525
10,395
13,473
19,299
23,878
21,852
28,656
29,122
25,547
34,523
Investing
-178
-7,204
-9,032
-8,910
-13,552
-16,986
-19,203
-21,611
-30,203
-31,221
-21,789
-35,318
Financing
-117
-144
-144
-221
-241
-198
3
-231
-415
-227
-215
-179
Net Cash Flow
2,416
-1,570
-651
1,264
-321
2,114
4,677
10
-1,962
-2,327
3,543
-974
Free Cash Flow
2,687
5,600
8,377
10,288
13,325
19,210
23,763
21,785
28,581
29,008
25,441
34,338
CFO/OP
341
628
798
780
955
1,473
2,802
3,094
1,532
1,426
1,800
3,994
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
0
0
0
0
0
0
0
0
0
0
0
0
Working Capital Days
0
-6
3
3
4
11
1
-3
1
4
2
4
ROCE %
25%
23%
23%
24%
22%
22%
17%
15%
15%
15%
17%
15%

Shareholding Pattern

As of Jun 2026
Promoters 55.32%
FIIs 20.95%
DIIs 19.66%
Others 2.08%
Public 1.99%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
55.70%
55.70%
55.69%
55.69%
55.48%
55.48%
55.46%
55.45%
55.45%
55.45%
55.44%
55.43%
55.42%
55.41%
55.39%
55.38%
55.38%
55.37%
55.36%
55.34%
55.33%
55.32%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
25.92%
25.16%
24.71%
25.19%
22.48%
21.88%
22.34%
21.85%
21.88%
21.51%
20.95%
DIIs
5.95%
8.67%
11.03%
11.50%
11.95%
11.98%
15.65%
14.94%
15.08%
12.78%
12.89%
14.63%
15.41%
15.89%
15.32%
17.92%
18.67%
18.24%
18.69%
18.72%
19.13%
19.66%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
2.49%
2.35%
2.34%
2.45%
2.47%
2.41%
2.30%
2.24%
2.14%
2.01%
1.96%
1.90%
1.86%
1.90%
1.94%
2.09%
2.02%
2.01%
2.06%
2.01%
2.00%
1.99%
Others
35.87%
33.29%
30.94%
30.36%
30.09%
30.13%
26.58%
27.36%
27.32%
29.76%
29.71%
2.12%
2.15%
2.09%
2.16%
2.13%
2.05%
2.04%
2.05%
2.05%
2.03%
2.08%
No. of Shareholders
3,95,635
3,83,487
3,90,049
4,10,175
4,08,081
4,03,407
3,93,398
3,84,772
3,74,674
3,58,088
3,49,407
3,38,525
3,35,114
3,45,541
3,35,864
3,74,916
3,63,505
3,55,321
3,57,764
3,52,496
3,54,662
3,57,321

Documents

Frequently Asked Questions about SBI Life Insurance Company Ltd

What does SBI Life Insurance Company Ltd do?
SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A.[1]
Where is SBI Life Insurance Company Ltd (SBILIFE) listed?
SBI Life Insurance Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: SBILIFE and BSE: 540719. You can view its live share price, financials, and ratios on Tapetide.
Which sector does SBI Life Insurance Company Ltd belong to?
SBI Life Insurance Company Ltd operates in the Insurance sector within the Life Insurance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of SBI Life Insurance Company Ltd?
SBI Life Insurance Company Ltd has a market capitalisation of approximately ₹182376.59 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of SBI Life Insurance Company Ltd?
The Price-to-Earnings (PE) ratio of SBI Life Insurance Company Ltd is 69.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of SBI Life Insurance Company Ltd?
Over the past 52 weeks, SBI Life Insurance Company Ltd has traded between a low of ₹1,700.4 and a high of ₹2,132. This range helps investors understand the stock's price volatility and recent trading levels.
Does SBI Life Insurance Company Ltd pay dividends?
Yes, SBI Life Insurance Company Ltd has a dividend yield of 0.15%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of SBI Life Insurance Company Ltd?
SBI Life Insurance Company Ltd has a Return on Equity (ROE) of 12.94%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research SBI Life Insurance Company Ltd on Tapetide?
On Tapetide, you can view SBI Life Insurance Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A.[1]

Website sbilife.co.in
CEO Mr. Amit Jhingran
Employees 25,672
Listed 2017-10-03
Face Value ₹ 10
Issued Size 1,00,28,29,838

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