Nippon Life India Asset Management Ltd

₹ 272 0.42%
06 Oct 4:01 p.m.
About

Nippon Life India Asset Mgt. is engaged in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates.(Source : 202003 Annual Report Page No: 01)

Key Points

Part of Nippon Insurance, Japan[1] The Company is promoted by Nippon Life Insurance Company, one of the leading private life insurers in Japan, with assets of over US$ 723 bn as of March 31, 2020.

Industry Data[2] The Indian MF industry remains largely consolidated in the top 10 AMCs, which account for >80% of the industry’s total AUM. Currently, the Top 10 players manage 26.6 lakh crore, which accounts for 82.7% of the industry AUM.
The Co. is one of the largest asset management companies in India with over 25 years of track record, and a total AUM of 3.45 lakh crore as of December 31, 2021.[3]

The services offered by the company are:
A) Mutual Funds & ETFs[1] Nippon India Mutual Fund (NIMF) offers a well-rounded portfolio of products i.e. Equity, Debt, Liquid as well as ETF for investors to meet varying requirements.
The Company managed QAAUM of 280'600 cr. catering to an investor base of 10 mn+ unique investors.[4] As of March 31, 2021, Nippon India Mutual Fund (NIMF) manages 68 open ended schemes (including 21 ETFs) and 81 close-ended and interval schemes.

  • Market Cap 16,959 Cr.
  • Current Price 272
  • High / Low 476 / 259
  • Stock P/E 25.7
  • Book Value 54.2
  • Dividend Yield 4.06 %
  • ROCE 29.7 %
  • ROE 22.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.03%.
  • Company has been maintaining a healthy dividend payout of 82.1%

Cons

  • The company has delivered a poor sales growth of 0.38% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
308 284 285 255 215 241 251 280 281 304 315 314 295
155 141 142 96 110 108 108 120 111 119 111 112 120
Operating Profit 153 142 143 159 105 133 143 160 170 185 204 202 175
OPM % 50% 50% 50% 62% 49% 55% 57% 57% 61% 61% 65% 64% 59%
35 24 57 -113 99 62 123 55 61 88 31 34 -7
Interest 2 2 2 0 1 1 1 1 1 1 1 1 1
Depreciation 8 8 9 8 10 8 8 7 7 6 6 7 7
Profit before tax 179 157 189 37 192 186 257 207 223 266 228 228 160
Tax % 31% 15% 24% 68% 22% 24% 22% 24% 23% 25% 26% 25% 25%
Net Profit 123 134 144 12 150 141 202 157 171 200 169 171 121
EPS in Rs 2.00 2.19 2.35 0.19 2.44 2.30 3.29 2.55 2.77 3.23 2.72 2.74 1.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
699 642 713 780 930 1,269 1,399 1,676 1,587 1,133 1,325 1,426 1,228
369 295 387 402 470 751 800 1,034 892 535 446 452 462
Operating Profit 331 347 325 378 459 519 599 643 695 598 879 974 766
OPM % 47% 54% 46% 48% 49% 41% 43% 38% 44% 53% 66% 68% 62%
-0 0 -56 -3 -0 1 1 4 2 1 1 2 146
Interest 0 0 0 0 0 0 0 2 0 6 4 4 4
Depreciation 11 9 8 14 7 4 18 8 10 33 33 27 26
Profit before tax 319 338 262 361 452 516 582 636 687 561 843 945 882
Tax % 18% 18% 24% 16% 23% 24% 30% 30% 31% 27% 23% 25%
Net Profit 261 276 199 302 350 390 405 448 475 412 649 711 661
EPS in Rs 242.82 256.61 172.71 262.41 303.46 338.65 351.37 7.31 7.76 6.74 10.53 11.43 10.63
Dividend Payout % 60% 53% 79% 52% 95% 37% 0% 82% 77% 74% 76% 96%
Compounded Sales Growth
10 Years: 8%
5 Years: 0%
3 Years: -4%
TTM: 17%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 14%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -1%
1 Year: -39%
Return on Equity
10 Years: 21%
5 Years: 21%
3 Years: 21%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 11 11 11 41 42 42 612 612 612 616 622
Reserves 1,102 1,190 1,406 1,527 1,477 1,723 1,809 1,728 1,920 1,937 2,409 2,746
0 0 0 0 0 0 0 0 0 0 0 0
310 303 91 143 174 151 200 250 180 262 263 276
Total Liabilities 1,422 1,503 1,509 1,681 1,663 1,886 2,020 2,590 2,712 2,811 3,289 3,644
25 19 19 14 7 12 251 257 256 322 300 296
CWIP 0 0 0 0 0 0 0 3 1 2 1 0
Investments 1,028 601 573 754 845 926 974 951 1,280 1,870 2,513 2,878
369 883 916 914 811 948 795 1,379 1,175 617 474 471
Total Assets 1,422 1,503 1,509 1,681 1,663 1,886 2,020 2,590 2,712 2,811 3,289 3,644

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-34 233 557 366 393 570 434 561
431 -42 -294 -239 -112 78 -383 -138
-404 -174 -300 -108 -292 -467 -239 -425
Net Cash Flow -7 18 -37 20 -11 181 -187 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 4 5 6 4 6 14 11 8 21 16 10 17
Inventory Days
Days Payable
Cash Conversion Cycle 4 5 6 4 6 14 11 8 21 16 10 17
Working Capital Days -147 -152 -98 204 64 22 125 -31 14 -36 -26 -12
ROCE % 29% 24% 25% 30% 31% 32% 30% 28% 22% 30% 30%

Shareholding Pattern

Numbers in percentages

23 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
79.28 75.93 75.92 75.92 75.87 75.81 74.46 74.23 73.97 73.82 73.80 73.74
4.64 5.61 5.26 5.79 5.11 5.41 5.92 6.21 6.60 7.16 6.69 6.52
7.11 6.32 6.72 6.24 6.33 6.60 6.70 7.46 8.81 8.37 8.83 9.24
8.97 12.14 12.10 12.05 12.69 12.17 12.92 12.10 10.63 10.65 10.68 10.50

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