SBI Life Insurance vs HDFC Life Insurance: share price, P/E, ROE and financials compared
SBI Life Insurance Company
HDFC Life Insurance Company
SBI Life Insurance and HDFC Life Insurance at a glance
SBI Life Insurance and HDFC Life Insurance are both listed in Financial Services. SBI Life Insurance is the larger by market cap, at ₹1.8L Cr against ₹1.2L Cr for HDFC Life Insurance (1.5 times as large). On valuation, HDFC Life Insurance has the lower P/E (59.7× against 67.4×) and the lower price-to-book (6.47× against 8.72×). On returns and margins, SBI Life Insurance has the higher ROE (13.7% against 11.3%). Over three years, SBI Life Insurance has faster 3-year profit growth (+12.8% against +11.8% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | SBI Life InsuranceSBILIFE | HDFC Life InsuranceHDFCLIFE |
|---|---|---|
| Price (₹) | 1,784.00 | 565.30 |
| Market cap (₹ Cr) | 1,79,008 | 1,22,786 |
| P/E | 67.4× | 59.7× (the lower figure, shaded) |
| P/B | 8.72× | 6.47× (the lower figure, shaded) |
| Dividend yield, trailing | 0.15% | 0.37% (the higher figure, shaded) |
| ROE | 13.7% (the higher figure, shaded) | 11.3% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 2.2% | 1.9% |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +12.8% (the higher figure, shaded) | +11.8% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 2,656 | 2,048 |
| 1Y return | −12.0% (the higher figure, shaded) | −26.8% |
| Promoter holding | – | – |
SBI Life Insurance vs HDFC Life Insurance: common questions
Which is bigger, SBI Life Insurance or HDFC Life Insurance?
By market cap, SBI Life Insurance is bigger at ₹1.8L Cr, against ₹1.2L Cr for HDFC Life Insurance (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,656 Cr for SBI Life Insurance and ₹2,048 Cr for HDFC Life Insurance.
Which has a lower P/E ratio, SBI Life Insurance or HDFC Life Insurance?
SBI Life Insurance trades at a P/E of 67.4× and HDFC Life Insurance at 59.7×. HDFC Life Insurance has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, SBI Life Insurance or HDFC Life Insurance?
SBI Life Insurance reports a return on equity of 13.7% and HDFC Life Insurance 11.3%. SBI Life Insurance has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, SBI Life Insurance or HDFC Life Insurance?
Over the last three years: profit grew +12.8% a year at SBI Life Insurance and +11.8% at HDFC Life Insurance, so SBI Life Insurance grew profit faster. Past growth doesn’t predict future growth.