Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Sep - Newspaper Advertisement regarding completion of dispatch of Postal Ballot Notice and intimation of Remote e-voting facility
Source: Bse
Canara HSBC Life Insurance Company Limited (CANHLIFE)
Large CapFinancial Services stocks · Large cap · NSE
Canara HSBC Life Insurance is a life insurer leveraging bancassurance through Canara Bank and HSBC Bank, alongside other channels. It focuses on profitable growth, customer centricity, and technology to serve diverse customer segments across urban, mass, and rural markets in India.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result09 Oct, 04:37 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -6.8% / mo · RSI oversold · MACD −
Stock trend: 34
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CANHLIFED candles · FIT view-8.9%Latest close ₹128.12 on 2026-10-19
Bar
-1.1%
RSI
21
MACD hist
-1.65
52W pos
35%
2026-10-19O ₹129.55H ₹131.15L ₹125.90C ₹128.12Vol 16.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CANHLIFENifty Financial ServicesNifty 500
- CANHLIFE
- -14.5%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -8.9 pp
Chart stats
19 Oct 2026- From 52W high
- -23.1%
- 52W range position
- 36%
- ATR (14)
- 4.7%
- Volume vs 20D
- 1.35x
- Avg traded value
- ₹17.7 Cr
- 20D price channel
- ₹125.9 - ₹154.9
₹166.7
₹106 - ₹166.7
₹6
Latest completed session
20-session average
24.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average30
Revenue +8.7% · PAT +5.0% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model-544.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Average · 30/100Rev +9% YoY · PAT +5% YoY
Filed 09 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,553.2 Cr | +8.7% | -41.3% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹43.1 Cr | +5.0% | +53.8% |
| PAT margin | 1.7% | -6 bps | +105 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 95.70
- P/B
- 7.85
- EV/EBITDA
- 126.50
- Market Cap
- 12779.00Cr
Profitability
- ROE
- 8.11%
- ROCE
- 8.35%
- ROA
- 0.26%
- Dividend Y
- 0.30%
Growth (CAGR)
- Revenue 5Y
- 5.00%
- EPS 5Y
- 6.00%
- Revenue 3Y
- 11.00%
- EPS 3Y
- 12.00%
Balance Sheet
- Debt/Equity
- 0.15
- Interest Coverage
- —
- Altman Z
- 0.43
- Book Value
- 17.20
Cash Flow
- FCF Yield
- 22.07%
- FCF Positive Y
- 3/5
- OCF
- 3534.00 Cr
- EPS TTM
- 1.41
Shareholding
- Promoter Hold
- 62.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 48%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 11.6k+7.9% vs prev
Net Profit
₹ CrLatest: 127+8.5% vs prev
Return on Equity
%Latest: 7.9+2.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 21.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~7.3% over last month) — short-term momentum negative.
- RSI(14) at 21 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 23% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 1 Base / Transition
1M return
-16.6%
3M return
-14.5%
6M return
-10.7%
1Y return
+6.4%
RS 1D
-2
RS 20D
-1
Sector rank
#9
Industry rank
#17
Stage evidence
- Price is 11.5% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
248 observations
19 Oct 2026Value 123.11-0.71%
RS vs Nifty 500123
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth6/25
Quality0/20
Balance Sheet4/15
Cash Flow7/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 22.1%.
- Cash flow contributes 7/10 to the score.
- Balance sheet contributes 4/15 to the score.
Main drags
- Altman Z is 0.4, in distress territory.
- Fair-value margin of safety is negative at -544.9%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Insurance valuation: embedded value and VNB quality
Insurance economics depend on long-duration book value and new-business profitability.
Primary lens
P/embedded value where available, plus VNB growth and margin.
Secondary checks
Persistency, product mix, solvency, distribution strength.
Main risk check
Accounting profit is less useful than embedded value quality.
PE
95.7
PB
7.8
EV/EBITDA
126.5
ROE
8.1%
ROCE
8.3%
FCF Yield
22.1%
Debt/Equity
0.1
MoS
-544.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 20
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-544.9%
Previous: -544.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
20
20
20
20
20
20
20
20
20
20
20
20
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹23.36
-448.5% MoS
Growth-justified P/E
14.1
Growth-justified Value
₹19.87
-544.9% MoS
PEG
11.39
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HDFCLIFE
Large
HDFC Life Insurance Company Limited
Insurance
match 146
19
59.8
11.3%
-264%
OVERVALUED
ICICIPRULI
Large
ICICI Prudential Life Insurance Company Limited
Insurance
match 146
23
37.3
10.0%
-18%
OVERVALUED
LICI
Large
Life Insurance Corporation Of India
Insurance
match 142
67
8.3
37.8%
+68%
UNDERVALUED
MFSL
Mid
Max Financial Services Limited
Insurance
match 139
11
407.0
1.5%
-23112%
OVERVALUED
NIVABUPA
Large
Niva Bupa Health Insurance Company Limited
Insurance
match 134
27
82.2
3.5%
-215%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-21T00:42:11.398Z
Management commentary snapshot
Canara HSBC Life reports strong Q1 FY27 with Individual WPI up 18% YoY, Total APE up 19% YoY, and PAT up 20% YoY. VNB surged 29% YoY, driven by improved VNB margin of 21.1%. AUM grew 14% YoY, while persistency improved.
The company delivered robust Q1 FY27 results with strong premium growth, VNB expansion, and improved profitability. Strategic focus on diversified distribution and technology appears to be yielding results. However, a slight dip in solvency ratio and increased competition warrant monitoring.
Current business mix
Product mix – APE basis (Q1 FY27)
Latest issuer-disclosed distribution across 6 reported categories.
ULIP24.0%
Savings (Traditional)51.0%
Protection10.0%
PAR10.0%
Annuity1.0%
Group Fund4.0%
Growth engines
Canara Bank Distribution
Leveraging 9,800+ branches and 100Mn+ customers, with <2% penetration offering significant headroom for deeper product adoption.
HSBC Bank Distribution
Access to affluent retail & NRI segments via HSBC’s premium banking base, with branch expansion driving incremental growth.
Other Channels Expansion
Strategically expanding scale through Agency (~1,000 sales force, ₹147 mn APE), RRBs (4,648+ rural branches), Defence, and Digital channels.
Protection & Annuity Growth
Protection APE grew 42% YoY and Annuity APE grew 14% YoY in Q1 FY27, indicating robust growth in these segments.
Capacity and execution
HSBC Bank Branch Rollout
New Branch rollout for HSBC Bank is planned to support incremental growth.
Agency Sales Force Onboarding
~1,000 agency sales force onboarded till date, collecting ₹147 mn premium (APE).
Tailwinds
India's Economic Growth
India is charting a confident course toward becoming the 3rd largest economy by 2030, with nominal GDP projected to grow at a CAGR of 6.2% for the next 10 years.
Under-penetrated Insurance Market
India has lower life insurance penetration and density compared to peers, providing a long growth runway.
Rising Affluence
India’s middle-income segment is projected to grow from 30% to 46% of all households by 2030, creating opportunities for financial inclusion.
Growing Retail Lending
Steady growth in retail loans provides a large opportunity in credit life, with retail credit growing at a healthy pace.
Headwinds
Private Market Share Decline
UNDER_STRESSPrivate market share declined in 3M FY27 to 69% vs 72% in FY26.
LIC Outperforming Private Sector
UNDER_STRESSLIC growth of 19% was better than the private sector growth of 15% in 3M FY27.
Risk radar
Solvency Ratio Decline
UNDER_STRESSThe Solvency Ratio declined to 198.0% in Q1 FY27 from 200.4% in Q1 FY26.
Increased Competition
New entrants like M&M with ManuLife, Allianz Jio Reinsurance Limited, and Angel One LivWell Life Insurance are entering the market.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Life insurance business often has seasonal elements and long-term policy cycles, making YoY comparisons more relevant for assessing underlying business health and growth trends. Q1 FY27 is compared to Q1 FY26.
Sector KPIs management disclosed
Individual WPI
Individual WPI was ₹4,698 Mn, an increase of 18% vs PY.
Total APE
Total APE was ₹5,853 Mn, an increase of 19% vs PY.
Total AUM
Total AUM reached ₹497 Bn, growing 14% YoY.
Value of New Business (VNB)
VNB was ₹1,236 Mn, up 29% YoY.
Management forward view
Profitable Growth Focus
Management's priority remains on profitable growth attained through a balanced product mix and operational efficiency across processes.
Technology and Analytics Acceleration
The company aims to accelerate advanced AI/Data analytics to drive revenue and service improvements.
Risk and Prudence
Management maintains focus on risk governance that fosters ownership and accountability across all levels.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| VNB Margin | 21.1% | Sustained improvement in VNB margin to drive profitability. |
| 13th Month Persistency | 85.9% | Continued stability or improvement in persistency ratios, indicating customer retention. |
| Solvency Ratio | 198.0% | Maintenance of the solvency ratio well above regulatory minimums amidst growth. |
| Total Expense Ratio | 20.7% | Efficiency gains to keep the expense ratio flat or improving despite business expansion. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 84th percentile within Financial Services. Main check: balance sheet trust is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
26 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Financial Services: 84th pctile, median 62 · Large: 51st pctile, median 73
Evidence depth
Financial-only
26 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 62%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 22.1%.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Altman Z is 0.43.
- ▸Profit margin is 0.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Canara HSBC Life Insurance Company Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Resignation of Director 21 Aug - Edward Charles Lawrence Moncreiffe resigned as Non-Executive Director effective 21 August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Aug - Isclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Institutional Investors Meet
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Aug - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Institutional Investors Meet
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Aug - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Institutional Investors Meet
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Aug - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Institutional Investors Meet
Source: Bse
Investor presentationJul 2026
Jul 2026 · PPT
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 2d - Q1 FY27 results: APE up 19%, VNB up 29%, PAT ₹28 crore on 20 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Jul - Q1FY27 earnings conference call on 20 July 2026 updated with Mr. Soly Thomas added.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 16 Jun - Board recommended appointment of Brahmayya & Co. and M Bhaskara Rao & Co. as joint statutory auditors.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 16 Jun - Board recommended re-appointment of Santanu Kumar Majumdar and Amitabh Nevatia at 19th AGM.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.