Buy HDFC Life, target price Rs 800: JM Financial

JM Financial has a buy call on HDFC Life Insurance Company with a target price of Rs 800. The current market price of HDFC Life Insurance Company is Rs 634.35. HDFC Life, incorporated in 2000, is a Large Cap company with a market cap of Rs 136380.06 crore, operating in the Financial Services sector.

HDFC Life's products/revenue segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 17270.97 crore, down -39.98% from last quarter Total Income of Rs 28776.43 crore and down -36.10% from last year same quarter Total Income of Rs 27029.15 crore. The company has reported net profit after tax of Rs 421.31 crore in latest quarter.

The company?s top management includes Mr.Keki M Mistry, Mr.Venkatraman Srinivasan, Dr.Bhaskar Ghosh, Ms.Bharti Gupta Ramola, Mr.Sumit Bose, Mr.Ketan Dalal, Mr.Niraj Shah, Mr.Suresh Badami, Ms.Vibha Padalkar, Mr.Kaizad Bharucha. Company has G M Kapadia & Co as its auditors. As on 31-12-2024, the company has a total of 215 crore shares outstanding.


Promoter/FII Holdings
Promoters held 50.32 per cent stake in the company as of 31-Dec-2024, while FIIs owned 25.14 per cent, DIIs 13.7 per cent.