UTI Asset Management Company Ltd
UTI Asset Management Company Ltd is primarily engaged in the activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund. It is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996.[1] It was the first to introduce Mutual Funds in India and is focused solely on Investment management and related services.[2]
- Market Cap ₹ 12,400 Cr.
- Current Price ₹ 974
- High / Low ₹ 1,005 / 639
- Stock P/E 16.2
- Book Value ₹ 345
- Dividend Yield 2.26 %
- ROCE 22.6 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 64.0%
- Debtor days have improved from 22.2 to 17.5 days.
Cons
- The company has delivered a poor sales growth of 10.6% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
408 | 442 | 497 | 502 | 934 | 1,134 | 1,051 | 854 | 1,169 | 1,319 | 1,267 | 1,737 | |
172 | 219 | 292 | 298 | 499 | 577 | 552 | 506 | 526 | 621 | 655 | 704 | |
Operating Profit | 236 | 223 | 206 | 204 | 435 | 558 | 498 | 349 | 643 | 698 | 612 | 1,033 |
OPM % | 58% | 50% | 41% | 41% | 47% | 49% | 47% | 41% | 55% | 53% | 48% | 59% |
2 | 4 | 2 | 1 | 13 | 22 | 30 | 36 | 4 | 8 | 23 | 7 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 9 | 8 | 9 | 10 | 11 |
Depreciation | 4 | 6 | 9 | 10 | 13 | 14 | 29 | 34 | 36 | 37 | 40 | 42 |
Profit before tax | 234 | 221 | 199 | 195 | 435 | 566 | 491 | 341 | 603 | 660 | 586 | 987 |
Tax % | 33% | 32% | 30% | 25% | 26% | 29% | 29% | 19% | 18% | 19% | 25% | 19% |
156 | 151 | 139 | 147 | 321 | 402 | 348 | 275 | 494 | 535 | 440 | 802 | |
EPS in Rs | 31.19 | 12.12 | 11.12 | 11.73 | 25.29 | 31.68 | 27.83 | 21.41 | 38.97 | 42.09 | 34.44 | 60.17 |
Dividend Payout % | 26% | 26% | 25% | 23% | 16% | 16% | 18% | 33% | 44% | 50% | 64% | 78% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 14% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 16% |
TTM: | 75% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
1 Year: | 48% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 50 | 125 | 125 | 125 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 |
Reserves | 417 | 445 | 743 | 855 | 1,789 | 2,161 | 2,478 | 2,646 | 3,125 | 3,493 | 3,741 | 4,261 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
185 | 209 | 218 | 202 | 205 | 262 | 409 | 393 | 398 | 363 | 307 | 953 | |
Total Liabilities | 651 | 779 | 1,086 | 1,182 | 2,121 | 2,550 | 3,013 | 3,165 | 3,650 | 3,983 | 4,175 | 5,341 |
108 | 164 | 208 | 201 | 278 | 273 | 351 | 373 | 360 | 357 | 368 | 412 | |
CWIP | 2 | 0 | 0 | 0 | 3 | 5 | 1 | 1 | 5 | 8 | 9 | 3 |
Investments | 315 | 391 | 646 | 720 | 1,543 | 1,932 | 2,261 | 2,356 | 2,747 | 2,994 | 3,248 | 4,428 |
227 | 223 | 232 | 260 | 297 | 339 | 400 | 436 | 539 | 623 | 550 | 498 | |
Total Assets | 651 | 779 | 1,086 | 1,182 | 2,121 | 2,550 | 3,013 | 3,165 | 3,650 | 3,983 | 4,175 | 5,341 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
72 | 324 | 316 | 123 | 181 | 153 | 337 | 395 | 325 | ||||
-22 | -242 | -233 | -26 | -102 | -57 | -60 | -93 | -146 | ||||
-35 | -65 | -44 | -123 | -84 | -104 | -215 | -267 | -238 | ||||
Net Cash Flow | 16 | 16 | 39 | -26 | -5 | -8 | 62 | 36 | -59 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 7 | 5 | 18 | 3 | 9 | 10 | 19 | 14 | 22 | 27 | 18 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 20 | 7 | 5 | 18 | 3 | 9 | 10 | 19 | 14 | 22 | 27 | 18 |
Working Capital Days | -14 | -26 | -62 | -44 | -28 | -40 | -31 | -24 | -47 | -31 | -32 | -40 |
ROCE % | 42% | 21% | 27% | 20% | 13% | 20% | 19% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio Recording of earnings conference call held on 26th April 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisements-Extract of audited financial results for the quarter and year ended March 31, 2024.
- Disclosure Of Related Party Transaction For The Half Year Ended 31St March, 2024 2d
- Corporate Action-Board to consider Dividend 2d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Investor presentation and press release on financial results of the Company for the quarter and financial year ended 31st March, 2024.
Annual reports
Concalls
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Apr 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021Transcript PPT
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Sep 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020Transcript PPT
Pioneer of Mutual Fund in India[1][2][3]
UTI is the Oldest Mutual Fund in India & is a trusted household brand. The Co. was the first to launch Equity Mutual Fund, Children’s Plan, and in the Mutual Fund industry, it commands a market share of 5.83% on a QAAUM basis(FY22), it also has an overall Market Share of 27.4% in the National Pension System.
Product Offerings
The company offers various products/ services that include various kinds of funds such as equity funds, debt funds, overnight funds & liquid funds, hybrid funds, Exchange-traded funds, and solution-based funds. It is also involved in other businesses like offshore business, alternate investment funds, the National Pension Scheme (NPS), and Portfolio Management Services (PMS).[4]