SBI Life Insurance Co. Ltd. (IN:SBILIFE)
:SBILIFE
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SBI Life Insurance Co. Ltd.
(SBILIFE)
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Rating:66Neutral
Price Target:
₹1,916.00
▲(0.25% Upside)
Action:N/ADate:01/04/26
The score is driven primarily by solid financial strength (debt-free position and strong cash generation) and constructive technical trend signals. These positives are meaningfully offset by expensive valuation (very high P/E and low dividend yield) and some operating variability (revenue volatility and thin, fluctuating margins).
Positive Factors
Debt-free balance sheet
A debt-free balance sheet and materially higher equity provide durable financial flexibility for underwriting, regulatory capital, and strategic investments. This reduces refinancing risk, strengthens solvency metrics, and allows the firm to absorb underwriting or market shocks without relying on external debt.
Negative Factors
Revenue volatility
Material swings in premium revenue reduce predictability of future cash flows and complicate capital planning. For life insurers, volatile inflows can force more conservative reserving or constrain product expansion, making earnings and investment planning less reliable across 2–6 month horizons and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet and materially higher equity provide durable financial flexibility for underwriting, regulatory capital, and strategic investments. This reduces refinancing risk, strengthens solvency metrics, and allows the firm to absorb underwriting or market shocks without relying on external debt.
Read all positive factors
SBI Life Insurance Co. Ltd. (SBILIFE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.84T
Dividend Yield0.13%
Average Volume (3M)105.81K
Price to Earnings (P/E)88.5
Beta (1Y)0.83
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees23,888
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)5.75
Shares Outstanding1,003,092,100
10 Day Avg. Volume14,572
30 Day Avg. Volume105,814
Financial Highlights & Ratios
PEG Ratio2.35
Price to Book (P/B)9.12
Price to Sales (P/S)1.34
P/FCF Ratio6.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,416.67Price Target Upside26.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)31.37
Revenue Forecast (FY)₹1.14T
SBI Life Insurance Co. Ltd. Business Overview & Revenue Model
Company Description
SBI Life Insurance Company Limited operates as a private life insurance company in India. The company's life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, g...
How the Company Makes Money
SBI Life primarily makes money by underwriting and managing life insurance and annuity policies and by earning fees linked to investment-linked products. Key revenue and earnings drivers include: (1) Premiums from policyholders: the company collec...
SBI Life Insurance Co. Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02T | 1.15T | 1.31T | 806.39B | 829.11B | 821.22B |
| Gross Profit | 763.81B | 1.12T | 1.28T | 775.77B | 807.53B | 803.43B |
| EBITDA | 25.36B | 25.90B | 20.27B | 18.51B | 16.58B | 16.63B |
| Net Income | 24.53B | 24.13B | 18.94B | 17.21B | 15.06B | 14.56B |
Balance Sheet | ||||||
| Total Assets | 4.90T | 4.57T | 3.98T | 3.15T | 2.73T | 2.27T |
| Cash, Cash Equivalents and Short-Term Investments | 17.34B | 18.47B | 48.31B | 23.43B | 26.85B | 15.42B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.72T | 4.40T | 3.83T | 3.02T | 2.62T | 2.16T |
| Stockholders Equity | 182.96B | 169.85B | 149.09B | 130.17B | 116.22B | 104.00B |
Cash Flow | ||||||
| Free Cash Flow | 144.85B | 254.40B | 290.07B | 416.52B | 336.26B | 237.73B |
| Operating Cash Flow | 145.78B | 255.47B | 291.22B | 417.15B | 336.82B | 238.78B |
| Investing Cash Flow | -157.00B | -217.89B | -312.21B | -302.03B | -216.11B | -192.03B |
| Financing Cash Flow | 404.20M | -2.15B | -2.27B | -4.15B | -2.31B | 26.49M |
SBI Life Insurance Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹295.47B | 56.68 | ― | ― | ― | ― | |
72 Outperform | ₹853.75B | 37.02 | ― | 0.69% | 14.43% | 25.13% | |
70 Outperform | ₹675.27B | 9.68 | ― | 2.69% | ― | ― | |
68 Neutral | ₹1.25T | 96.63 | ― | 0.28% | -17.31% | 11.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹1.84T | 88.47 | ― | 0.13% | ― | ― | |
55 Neutral | ₹743.62B | 61.88 | ― | 0.13% | -42.13% | 48.75% |
* Financial Sector Average
IN:SBILIFE
SBI Life Insurance Co. Ltd.
1,838.80
379.33
25.99%
IN:GICRE
General Insurance Corporation of India
384.90
9.31
2.48%
IN:GODIGIT
Go Digit General Insurance Limited
319.60
39.90
14.27%
IN:HDFCLIFE
HDFC Life Insurance Co. Ltd.
580.60
-83.91
-12.63%
IN:ICICIGI
ICICI Lombard General Insurance Co. Ltd.
1,712.65
-20.11
-1.16%
IN:ICICIPRULI
ICICI Prudential Life Insurance Co. Ltd.
513.10
-22.89
-4.27%
SBI Life Insurance Co. Ltd. Corporate Events
SBI Life gets shareholder nod for key related party deals
Mar 31, 2026
SBI Life Insurance Company Ltd. has secured shareholder approval via postal ballot to enter into material related party transactions with State Bank of India, SBI DFHI Ltd., SBI Capital Markets Ltd. and Yes Bank Ltd. The remote e-voting process ra...
SBI Life Allots ESOP Shares, Marginally Expands Equity Base
Mar 17, 2026
SBI Life Insurance has allotted 75,325 equity shares of Rs. 10 each following the exercise of vested stock options by certain employees under its SBI Life Employee Stock Option Scheme 2018, as approved by the Board Stakeholders’ Relationship...
SBI Life to Engage Investors at Morgan Stanley India Financials Seminar
Mar 13, 2026
SBI Life Insurance Company Ltd. has announced that its senior management will participate in the Morgan Stanley Virtual India Financials Seminar in Mumbai on March 19, 2026, engaging with investors and analysts. The company emphasized that the mee...
SBI Life to Appeal Upheld GST Demand, Sees No Material Financial Impact
Mar 13, 2026
SBI Life Insurance has disclosed that the Commissioner (Appeals) in Bhopal has upheld a previously issued GST demand order for the 2019-20 financial year, confirming tax, interest, and penalty originally raised by the Joint Commissioner of CGST an...
SBI Life Tax Demand Slashed After Income Tax Rectification Order
Mar 4, 2026
SBI Life Insurance has disclosed that it received a rectification order from the Income Tax Department for FY 2021-2022, correcting an earlier assessment that had significantly overstated its tax liability. The revised order, issued by the Deputy ...
SBI Life completes postal ballot notice dispatch and publication
Mar 1, 2026
SBI Life Insurance has informed the stock exchanges that it has completed the dispatch of a postal ballot notice to shareholders on February 28, 2026. The company has also published the related notice in the print and electronic editions of Financ...
SBI Life Sets Board Meet to Consider Interim Dividend, Closes Trading Window
Feb 21, 2026
SBI Life Insurance Company Ltd. has scheduled a board meeting on February 25, 2026 to consider and potentially declare an interim dividend on its equity shares for the financial year 2025-26. The company has set March 6, 2026 as the record date fo...
SBI Life sets record date and board meet to consider interim dividend
Feb 21, 2026
SBI Life Insurance Co. Ltd. has scheduled a board meeting on February 25, 2026 to consider and declare an interim dividend on its equity shares for the financial year 2025-26. The company has set March 6, 2026 as the record date for determining el...
SBI Life Gets Partial Relief in GST Appeal, Plans Further Challenge
Feb 20, 2026
SBI Life Insurance has disclosed that it received an appellate order under Section 107 of the MGST and CGST Acts from the Joint Commissioner of State Tax (Appeal) I, Mumbai, related to a prior GST demand for FY 2018-19. The order partially upholds...
SBI Life to Transfer Long-Unclaimed Dividends and Shares to IEPF
Feb 3, 2026
SBI Life Insurance has notified shareholders that, in line with the Companies Act, 2013 and related IEPF rules, it will transfer unclaimed dividends pertaining to FY2018-19 and the corresponding equity shares to the Investor Education and Protecti...
SBI Life Alerts Shareholders on Imminent Transfer of Unclaimed Dividends and Shares to IEPF
Jan 23, 2026
SBI Life Insurance Company Limited has published newspaper notices informing shareholders about the impending transfer of unclaimed dividend amounts and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority, in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.