I can see that, HDFC Life has reported increase in Net Profits during past 12 months as compared to previous year.
Sales have grown at 17% CAGR and Net Profits have grown at only 4% CAGR over past 5 years.
This looks like a compounding business which seems to be growing its Sales and PAT in the past 5+ years.
I am unable to understand the correction which has happened in this stock from time to time. It looks like a secular business with moderate growth but still the stock price does not reflect the same.
What could be the reasons for this stagnant stock price, with negative movements from time to time?
I am unable to fully understand the reason for this.
Disc : Invested from lower levels.
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