Buy HDFC Life Insurance Company, target price Rs 680: Emkay Global

Emkay Global has buy call on HDFC Life Insurance Company with a target price of Rs 680. The current market price of HDFC Life Insurance Company is Rs 577.5. Time period given by analyst is year when HDFC Life Insurance Company Ltd. price can reach defined target.

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 121222.15 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned and Income From Investment for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 6807.43 Crore, down -61.88 % from last quarter Total Income of Rs 17856.00 Crore and down -54.22 % from last year same quarter Total Income of Rs 14871.13 Crore. Company has reported net profit after tax of Rs 328.79 Crore in latest quarter.

The company’s top management includes Mr.Deepak S Parekh, Mr.Ketan Dalal, Ms.Bharti Gupta Ramola, Ms.Renu Sud Karnad, Mr.Keki M Mistry, Mr.V K Viswanathan, Mr.Prasad Chandran, Mr.Suresh Badami, Ms.Vibha Padalkar, Mr.Sumit Bose. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-06-2022, the company has a total of 211 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.0 per cent, DIIs 6.58 per cent.