SBI Life Insurance (SBILIFE)

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SBI Life Insurance (SBILIFE) · mywealthgrid

About

SBI Life Insurance is a private life insurer leveraging State Bank of India's national distribution through a bancassurance model. As of June 2026, it operates with a market cap of ₹1,79,500 Cr and generated quarterly net profits ranging from ₹495–₹815 Cr across recent periods. It positions itself as a mid-sized competitor within India's private life insurance sector.

Founded: 2000
Face value: ₹10

Market cap

₹1,72,160 Cr

P/E

66.2×

P/B

9.0×

Dividend yield

0.3%

ROE

13.8%

ROCE

—

Debt / equity

—

OPM

—

EPS (TTM)

₹25.9

Book value

₹190.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio of 69.01 is substantially elevated; verify whether profit growth or investment-return assumptions justify this valuation or assess revaluation risk if investor expectations unwind
Quarterly revenue swings dramatically from ₹5,657 Cr (Mar 2026) to ₹46,091 Cr (Jun 2026); clarify whether this reflects seasonality, policy-booking patterns, or operational instability
One-year return of -3.55% indicates underperformance despite market presence; determine whether valuation compression or earnings disappointment is driving it
Public shareholding is only 4.07%; confirm execution liquidity before assuming easy trading at quoted prices

Generated analysis · source review pending

Growth drivers

Bancassurance model via SBI's national distribution provides foundation; verify net-premium growth rates and cross-sell penetration
Jun 2026 shows 19% YoY revenue growth (₹46,091 Cr vs ₹38,696 Cr in Jun 2025) and 22% net-profit growth; confirm whether momentum sustains beyond this quarter
ROE of 13.77% indicates positive returns on capital; track whether earnings growth outpaces capital-base expansion to drive per-share value
Institutional holdings of 40.61% (FII 20.95% + DII 19.66%) signal potential confidence in medium-term earnings; assess flow trends to gauge conviction

Generated analysis · source review pending

2,219 historical price candles were omitted because the exchange source has not been verified.

₹1,721.6-0.8%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Expensive at 66.2× trailing earnings
−Trading at 9× book value

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 35
Growth: 79
Valuation: 11

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
HDFC BankHDFCBANKHDFCBANK	₹11,10,742 Cr	₹16,99,226 Cr	₹3,51,819 Cr	₹1,50,194 Cr	41.6%	₹79,013 Cr	21.8%	7.1%	13.8%	—
ICICI BankICICIBANKICICIBANK	₹9,38,403 Cr	₹11,58,667 Cr	₹1,98,379 Cr	₹49,020 Cr	26.8%	₹56,357 Cr	29.7%	7.2%	15.4%	—
State Bank of IndiaSBINSBIN	₹8,80,692 Cr	₹16,57,994 Cr	₹5,25,951 Cr	₹2,36,906 Cr	45.9%	₹87,755 Cr	16.8%	6.1%	15.1%	—
Bajaj FinanceBAJFINANCEBAJFINANCE	₹5,90,080 Cr	₹10,25,192 Cr	₹86,164 Cr	₹58,574 Cr	68%	₹20,304 Cr	23.6%	—	18.1%	—
Life Insurance Corporation Of IndiaLICILICI	₹4,95,690 Cr	—	₹9,96,996 Cr	₹0 Cr	—	₹60,080 Cr	5.9%	—	37.6%	—
National Stock Exchange of India LtdNSENSE	₹4,30,972 Cr	₹4,35,023 Cr	₹16,601 Cr	—	—	₹10,302 Cr	62.1%	3.3%	33%	—
Kotak Mahindra BankKOTAKBANKKOTAKBANK	₹4,16,112 Cr	₹5,11,505 Cr	₹70,887 Cr	₹16,835 Cr	26.7%	₹20,354 Cr	27.6%	6.9%	11.5%	—
Axis BankAXISBANKAXISBANK	₹3,78,299 Cr	₹6,58,810 Cr	₹1,35,732 Cr	₹81,034 Cr	60.7%	₹27,822 Cr	20%	6.2%	13.2%	—
Bajaj FinservBAJAJFINSVBAJAJFINSV	₹2,77,303 Cr	₹7,05,550 Cr	₹1,57,642 Cr	₹59,568 Cr	37.7%	₹10,144 Cr	13.1%	—	13%	—
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
SBI Life InsuranceSBILIFESBILIFE	₹1,72,160 Cr	—	₹1,20,361 Cr	₹0 Cr	—	₹2,601 Cr	2.2%	—	13.8%	—
ICICI Prudential Asset Management Company LimitedICICIAMCICICIAMC	₹1,52,462 Cr	₹1,52,462 Cr	₹5,765 Cr	₹4,294 Cr	74.5%	₹3,298 Cr	57.2%	—	85.8%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2025	Mar 2026
	1,17,119	1,12,966
Operating expenses	—	—
Operating profit (EBITDA)	—	—
OPM %	—	—
Depreciation	—	—
Interest	—	—
Other income	—	—
Profit before tax	2,495	2,537
Tax	81	67
Tax %	3.3%	2.6%
	2,413	2,470
PAT margin %	2.1%	2.2%
EPS (₹)	24.1	24.6
EPS adjusted (₹)	24.1	24.6
	11.2%	—
Annual report	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2025	Mar 2026
Equity capital	1,002	1,003
Reserves	15,791	18,083
Borrowings	—	—
Other liabilities	4,34,130	4,72,967
Total equity & liabilities	4,50,923	4,92,053
Fixed assets	590	688
CWIP	—	—
Investments	4,47,467	4,86,367
Other assets	—	—
Total assets	4,50,923	4,92,053

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	19,299	23,878	21,852	28,656	29,122	25,547	34,523
	-16,987	-19,203	-21,611	-30,203	-31,221	-21,789	-35,318
Cash from financing	-198	3	-231	-415	-227	-215	-179
Net cash flow	2,114	4,677	10	-1,962	-2,327	3,543	-974
Free cash flow	19,218	23,773	21,796	28,593	29,007	25,440	34,338
CFO / Operating profit %	—	—	—	—	—	—	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	—	—
EBITDA margin %	—	—
EBIT margin %	—	—
PAT margin %	2.1%	2.2%
Working capital
Receivable days	—	—
Inventory days	—	—
Payable days	—	—
NWC days	—	—
Leverage
Current ratio	—	—
Debt to EBITDA	—	—
Debt to equity	—	—
Interest coverage	—	—
Asset turnover	0.26	0.23
Return ratios
Return on assets %	0.5%	0.5%
Return on capital employed %	—	—
Return on equity %	14.4%	12.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.44%	55.43%	55.42%	55.41%	55.39%	55.38%	55.38%	55.37%	55.36%	55.34%	55.33%	55.32%
	26.18%	25.92%	25.16%	24.71%	25.19%	22.48%	21.88%	22.34%	21.85%	21.88%	21.51%	20.95%
	14.28%	14.63%	15.41%	15.89%	15.32%	17.92%	18.67%	18.24%	18.69%	18.72%	19.13%	19.66%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	4.1%	4.02%	4.01%	3.99%	4.1%	4.22%	4.07%	4.05%	4.1%	4.06%	4.03%	4.07%
No. of shareholders	—	—	—	—	—	—	—	—	3,57,764	3,52,496	3,54,662	3,57,321

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹1,696.4 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹1,696.3	-43.2	-2.5%	₹1,696.3	18,924	+497	2,810	375
23 Nov 2026	₹1,702.7	-42.1	-2.4%	₹1,702.7	453	+11	29	375
29 Dec 2026	₹1,720.8	-40	-2.3%	₹1,723.2	1	+1	1	375

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

182

across 20 fund houses

Held by these funds

6.84%

of the company's equity

All mutual funds

15.87%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

182 schemes · 20 fund houses

		Shares
Nifty 50 ETF	SBI Mutual Fund	87.15 L	1,516.91	0.71%	0.872%	+45,814
Value Fund	ICICI Prudential Mutual Fund	77.86 L	1,355.18	2.26%	0.779%	-0
India Opportunities Fund	ICICI Prudential Mutual Fund	61.35 L	1,067.81	2.79%	0.614%	-0
Large Cap Fund	ICICI Prudential Mutual Fund	42.78 L	744.56	0.93%	0.428%	-0
LARGE CAP FUND	Nippon India Mutual Fund	33.61 L	585.04	1.08%	0.336%	-0
ETF NIFTY 50 BEES	Nippon India Mutual Fund	27.35 L	476.03	0.71%	0.274%	+54,979
Nifty 50 ETF	ICICI Prudential Mutual Fund	18.15 L	315.82	0.71%	0.181%	+43,840
Banking & Financial Services Fund	ICICI Prudential Mutual Fund	17.8 L	309.85	2.73%	0.178%	-0

1–8 of 182

1 / 23

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

30 Sept 2026, 4:35 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	—	—
EBITDA margin %	—	—
EBIT margin %	—	—
PAT margin %	2.1%	2.2%
Working capital
Receivable days	—	—
Inventory days	—	—
Payable days	—	—
NWC days	—	—
Leverage
Current ratio	—	—
Debt to EBITDA	—	—
Debt to equity	—	—
Interest coverage	—	—
Asset turnover	0.26	0.23
Return ratios
Return on assets %	0.5%	0.5%
Return on capital employed %	—	—
Return on equity %	14.4%	12.9%

135 deals · 5 Aug 2021 – 11 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Feb 2026	PI OPPORTUNITIES AIF V LLP	Block	NSE	Buy	1,47,863	₹2,026.00	₹29.96 Cr
11 Feb 2026	PIONEER INVESTMENT FUND	Block	NSE	Sell	1,47,863	₹2,026.00	₹29.96 Cr
16 Jan 2026	PI OPPORTUNITIES AIF V LLP	Block	NSE	Buy	2,40,731	₹2,075.00	₹49.95 Cr
16 Jan 2026	PIONEER INVESTMENT FUND	Block	NSE	Sell	2,40,731	₹2,075.00	₹49.95 Cr
10 Dec 2025	PI OPPORTUNITIES AIF V LLP	Block	NSE	Buy	4,99,251	₹2,020.00	₹100.85 Cr
10 Dec 2025	PIONEER INVESTMENT FUND	Block	NSE	Sell	4,99,251	₹2,020.00	₹100.85 Cr
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	Block	NSE	Sell	1,54,431	₹1,835.20	₹28.34 Cr
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849	Block	NSE	Buy	1,54,431	₹1,835.20	₹28.34 Cr
21 Feb 2025	TARISH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Block	BSE	Sell	84,375	₹1,481.20	₹12.50 Cr
21 Feb 2025	PI OPPORTUNITIES AIF V LLP	Block	BSE	Buy	84,375	₹1,481.20	₹12.50 Cr

1–10 of 135

1 / 14

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

24

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	1,440	₹0.0	0	0	0
0	0	0	₹0.0	1,480	₹0.0	0	0	0
0	0	0	₹0.0	1,520	₹0.0	0	0	0
0	0	0	₹0.0	1,560	₹0.0	0	0	0
0	0	0	₹0.0	1,580	₹0.0	0	0	0
0	0	0	₹0.0	1,600	₹0.0	0	0	0
0	0	0	₹0.0	1,620	₹0.0	0	0	0
0	0	0	₹0.0	1,640	₹0.0	0	0	0

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
30 Sept 2026, 4:35 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 8:36 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
22 Sept 2026, 8:29 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On September 22, 2026	PDF
17 Sept 2026, 4:36 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
9 Sept 2026, 10:37 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
8 Sept 2026, 6:38 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
26 Aug 2026, 10:36 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
23 Aug 2026, 3:00 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

SBI Life Insurance

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Investor Presentation and earnings call

8

1

24

Compounded sales growth

Compounded profit growth

Return on equity

SBI Life Insurance

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Announcements

Quarterly record

Futures3

Annual reports

Investor Presentation and earnings call

Dividends8

Board meetings1

Bulk & block deals

Board and management

Option chain24

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

3

8

1

24