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SBI Life Insurance Company Q2 FY27 Share Price & Earnings Call Analysis

₹1,660.50+0.11% today
Market cap
₹1.67L Cr
P/E
62.74
ROE
13.70%
PEG
4.90
Price to sales
1.37
Debt to equity
0.00
52W high / low
₹2,110 / ₹1,633
Sales growth (5Y)
6.52%
EBITDA margin
0.73%
Net profit margin
2.20%
Promoter holding
55.31%
Sales (last year)
₹1.21L Cr

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]

Guidance scorecard · Q2 FY27 call

What SBI Life Insuran's management guided
and where it ranks in Insurance

Revenue10–20%MarginsFlatCapexWhat management saidFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • SBI Life Insurance expects sustained growth in Individual Rated Premium (IRP) at around 14-15% annually.
  • Agency channel is gaining traction with 19%+ growth in the current quarter and anticipated stronger performance in upcoming quarters.
  • Bancassurance (SBI and RRBs) contributes 47% to total APE, growing steadily at about 10%.
  • Group business growth is lumpy but showing strong momentum (313% growth in group protection APE).
  • Product mix is shifting towards higher-margin non-ULIP and pure protection products, supporting growth and profitability.
  • New business premium grew 23% year-on-year; gross written premium up 20%.
  • Assets under management increased by 10%, indicating expanding business volumes.

2 more points from SBI Life Insuran's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what SBI Life Insuran said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Ask what SBI Life Insuran said on capex →

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Ask what SBI Life Insuran said on fundraising →

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what SBI Life Insuran said on the order book →

Full Q1 FY27 analysis
Full Insurance ranking

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

  1. Niva Bupa Health Insurance Company LtdGood growth
    2
  2. Max FinancialGood growth
    1
  3. Medi Assist Ser.Good growth
    3
See all potential multibaggersWhere does SBI Life Insuran rank?

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
1Max Financial20–40%Flat₹41,414 Cr224.7
2Niva Bupa Health Insurance Company Ltd20–40%Flat₹13,428 Cr77.1
3Medi Assist Ser.20–40%Flat₹2,206 Cr19.6
410–20%Flat₹1.14L Cr55.7

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Pro shows every company guiding 40%+ revenue growth →Full Insurance ranking

Financials of SBI Life Insuran

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

SBI Life Insuran

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +55.43%55.42%55.41%55.39%55.38%55.38%55.37%55.36%55.34%55.33%55.32%55.31%
FIIs +25.92%25.16%24.70%25.18%22.48%21.88%22.34%21.85%21.88%21.51%20.95%20.68%
DIIs +14.63%15.40%15.88%15.32%17.91%18.67%18.24%18.70%18.72%19.13%19.67%20.05%
Public +4.01%4.01%3.98%4.10%4.22%4.06%4.05%4.09%4.05%4.02%4.06%3.94%
No. of Shareholders3,38,5253,35,1143,45,5413,35,8643,74,9163,63,5053,55,3213,57,7643,52,4963,54,6623,57,3213,49,891

Financials of SBI Life Insuran

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +28,80539,03336,25534,65440,30218,86223,07138,99623,11546,1334,07146,33724,620
Expenses +28,39238,68137,04334,06039,69618,26623,52038,33322,60045,5175,11745,57924,058
Operating Profit413352-788594606596-449664516615-1,046757562
OPM %1.4%0.9%-2.2%1.7%1.5%3.2%-1.9%1.7%2.2%1.3%-26%1.6%2.3%
Other Income +12181,6393-4-31,350-816271,9133628
Interest0000000000000
Depreciation0000000000000
Profit before tax424370851597601594901656532642867793590
Tax %10%13%5%13%12%7%10%9%7%10%7%9%7%
Net Profit +380322811520529551814594495577805725549
EPS in Rs3.803.218.105.195.285.508.125.934.935.758.027.235.47

Financials of SBI Life Insuran

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +23,29919,32430,54834,06844,60443,79881,91382,98380,636131,988116,888112,315121,160
Expenses +22,50518,40429,47932,73643,13042,44781,04082,25478,713129,884115,469111,451120,271
Operating Profit7949201,0681,3321,4741,3518727301,9232,1041,420864889
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 +1831291391562665298671,03251501,3571,9482,003
Interest4556800000000
Depreciation34374859928999756876841150
Profit before tax9391,0071,1541,4221,6421,7901,6401,6871,9062,0782,6932,6972,892
Tax %13%16%17%19%19%21%11%11%10%9%10%8%
Net Profit +8158449551,1501,3271,4221,4561,5061,7211,8942,4132,4702,656
EPS in Rs8.158.449.5511.5013.2714.2214.5615.0517.1918.9124.0824.6326.47
Dividend Payout %15%14%16%17%15%0%17%13%15%14%11%11%

Financials of SBI Life Insuran

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital1,0001,0001,0001,0001,0001,0001,0001,0001,0011,0011,0021,0031,003
Reserves3,0563,7334,5525,5286,5767,7439,40010,62212,01713,90715,98318,08319,536
Borrowings +0000000000000
Other Liabilities +70,06478,69696,687115,193139,157156,837216,430261,715301,582383,369440,110480,960517,836
Total Liabilities74,12183,429102,240121,720146,734165,580226,830273,337314,599398,277457,095500,046538,375
Fixed Assets +292301507511563568564919520551580647735
CWIP714631703213131610410
Investments69,38577,84395,830114,436139,325158,813218,756264,437304,334385,590447,467486,367526,359
Other Assets +4,4375,1395,8716,7036,8146,1867,5097,9789,74312,1309,03812,99111,281
Total Assets74,12183,429102,240121,720146,734165,580226,830273,337314,599398,277457,095500,046538,375

Financials of SBI Life Insuran

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2,7115,7788,52510,39513,47319,29923,87821,85228,65629,12225,54734,523
Cash from Investing Activity +-178-7,204-9,032-8,910-13,552-16,986-19,203-21,611-30,203-31,221-21,789-35,318
Cash from Financing Activity +-117-144-144-221-241-1983-231-415-227-215-179
Net Cash Flow2,416-1,570-6511,264-3212,1144,67710-1,962-2,3273,543-974
Free Cash Flow2,6875,6008,37710,28813,32519,21023,76321,78528,58129,00825,44134,338
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit341%628%798%780%955%1,473%2,802%3,094%1,532%1,426%1,870%4,112%

Financials of SBI Life Insuran

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days0-6334111-31424
ROCE %25%23%23%24%22%22%17%15%15%15%17%15%

Guidance history

How SBI Life Insuran's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Flat———
Q3 FY26 call →10–20%Flat——Rising
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

20out of 100

Momentum score · price trend

20 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−15.1%43%
Last 6 months−8.8%40%
Last 3 months−13.3%36%

The price is 21.3% below its all-time high of ₹2,109.6 (23 Feb 2026). Stocks more than 20% below their peak have their score halved, so 40 became 20.

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 SBI Life Insuran: 0.4 × 43 + 0.4 × 40 + 0.2 × 36 = 40, halved to 20 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 2 Nov 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 SBI Life Insuran's management said in earlier quarters

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