Canara HSBC Life Insurance Company Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹11,513 Cr
- P/E
- 86.19
- ROE
- 8.11%
- PEG
- 7.45
- Price to sales
- 0.92
- Debt to equity
- 0.15
- 52W high / low
- ₹157 / ₹116
- Sales growth (5Y)
- 4.55%
- EBITDA margin
- 0.83%
- Net profit margin
- 1.10%
- Promoter holding
- 62.00%
- Sales (last year)
- ₹12,482 Cr
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]
Guidance scorecard · Q2 FY27 call
What Canara HSBC Life Insurance Company Ltd's management guided
and where it ranks in Insurance
RevenueQ4 FY26 call
10–20%- The company expects continued above-industry growth, targeting an overall industry growth of 10% in the current year and 12-14% over the longer term under normalized scenarios.
- Growth will be driven by a balanced product mix (~50% ULIP and ~50% traditional), with ongoing product innovation to meet customer needs.
- Protection business, including credit life and individual protection, is a key growth driver; share of protection rose to 7% in FY26 from 4% in FY25.
- Agency channel is a strategic priority; currently in initiation phase, expected to contribute around 5% over the next 3 years with a phased, sustainable scale-up.
- Canara Bank customer base offers significant potential, with current penetration under 2%; branch activation improving (54% activated branches).
2 more points from Canara HSBC Life Insurance Company Ltd's call on revenue
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MarginsQ4 FY26 call
Up 0–2%See what Canara HSBC Life Insurance Company Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company is focusing on expanding its front-end capabilities, primarily investing in agency channel development.
- Leveraging existing branch infrastructure of about 105 Canara HSBC branches; aiming to be active in at least 50 locations for agency operations.
- Backend infrastructure has been in place for 17-18 years and is being leveraged for expansion, minimizing major backend capital investment.
- Capital is currently sufficient to support growth in protection business and other product segments.
- If additional capital is required to support growth, company may raise subordinated debt in FY27 or next 3 years.
2 more points from Canara HSBC Life Insurance Company Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Canara HSBC Life Insurance Company Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The discussion focuses primarily on product mix, channel performance, agency growth, capital requirements, hedging strategies, and market outlook, with no reference to order book or pending orders.
- The focus is on insurance product mix, agency channel growth, capital and profitability outlook.
- The company discusses annual guidance on product mix and growth strategies.
- Regulatory updates and market conditions impacting business mix are covered.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Insurance
on management's own guidance
- Niva Bupa Health Insurance Company LtdGood growth2
- Max Financial Services LtdGood growth1
- Medi Assist Healthcare Services LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Insurance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Max Financial Services Ltd | 20–40% | Flat | ₹44,689 Cr | 411.9 |
| 2 | Niva Bupa Health Insurance Company Ltd | 20–40% | Flat | ₹14,047 Cr | 80.6 |
| 3 | Medi Assist Healthcare Services Ltd | 20–40% | Flat | ₹2,286 Cr | 23.1 |
| 4 | 10–20% | Flat | ₹1.20L Cr | 58.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Insurance rankingCanara HSBC Life Insurance Company Ltd announcements
All announcements →- Fundraise / allotmentNotableCanara HSBC Life Insurance Ltd reports Q2 FY2026-27 financials and board actions
Financials of Canara HSBC Life Insurance Company Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Canara HSBC Life Insurance Company Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 3,323 | 1,516 | 2,783 | 3,632 | 2,348 | 4,202 | 1,374 |
| Expenses + | 3,317 | 1,539 | 2,749 | 3,625 | 2,332 | 4,272 | 1,258 |
| Operating Profit | 6 | -23 | 34 | 6 | 16 | -70 | 116 |
| OPM % | 0% | -1% | 1% | 0% | 1% | -2% | 8% |
| Other Income + | 37 | 51 | 1 | 20 | 30 | 101 | -77 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 43 | 28 | 35 | 26 | 45 | 31 | 39 |
| Tax % | 15% | -4% | 8% | 10% | 10% | 10% | 10% |
| Net Profit + | 37 | 29 | 32 | 23 | 41 | 28 | 35 |
| EPS in Rs | 0.39 | 0.31 | 0.34 | 0.25 | 0.43 | 0.29 | 0.37 |
Financials of Canara HSBC Life Insurance Company Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 3,074 | 9,253 | 8,496 | 8,435 | 11,841 | 10,710 | 11,556 |
| Expenses + | 3,059 | 9,323 | 8,726 | 8,471 | 11,705 | 10,578 | 11,488 |
| Operating Profit | 15 | -71 | -230 | -36 | 136 | 131 | 68 |
| OPM % | 0% | -1% | -3% | -0% | 1% | 1% | 1% |
| Other Income + | 104 | 184 | 256 | 155 | 11 | 19 | 73 |
| Interest | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 13 | 17 | 19 | 23 | 22 | 0 |
| Profit before tax | 105 | 95 | 10 | 100 | 124 | 128 | 141 |
| Tax % | 0% | 0% | 0% | 9% | 9% | 9% | 10% |
| Net Profit + | 105 | 95 | 10 | 91 | 113 | 117 | 127 |
| EPS in Rs | 1.11 | 1.00 | 0.11 | 0.96 | 1.19 | 1.23 | 1.33 |
| Dividend Payout % | 0% | 0% | 278% | 31% | 34% | 32% | 0% |
Financials of Canara HSBC Life Insurance Company Ltd
Balance Sheet
Capital structure and asset base
| 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 | 37 |
| CWIP | 4 | 7 | 4 | 5 | 2 | 4 | 0 |
| 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 |
Financials of Canara HSBC Life Insurance Company Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2,340 | 1,998 | 2,592 | 2,310 | 1,208 | 3,534 | |
| Cash from Investing Activity + | -2,236 | -1,929 | -2,576 | -2,045 | -714 | -3,666 | |
| Cash from Financing Activity + | 0 | 0 | -28 | -48 | -19 | 212 | |
| Net Cash Flow | 103 | 69 | -12 | 218 | 474 | 80 | |
| Free Cash Flow | 2,319 | 1,980 | 2,568 | 2,283 | 1,197 | 3,523 | |
| CFO/OP | -3,306% | -871% | -7,262% | 1,708% | 930% | 5,212% |
Financials of Canara HSBC Life Insurance Company Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Inventory Days | |||||||
| Days Payable | |||||||
| 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% |
Guidance history
How Canara HSBC Life Insurance Company Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Up 0–2% | — | Planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
22 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +2.8% | 63% |
| Last 6 months | −14.1% | 32% |
| Last 3 months | −17.1% | 28% |
The price is 22.8% below its all-time high of ₹157.23 (4 Sept 2026). Stocks more than 20% below their peak have their score halved, so 44 became 22.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Canara HSBC Life Insurance Company Ltd: 0.4 × 63 + 0.4 × 32 + 0.2 × 28 = 44, halved to 22 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Canara HSBC Life Insurance Company Ltd's management said in earlier quarters
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