Nippon Life India Asset Management Ltd
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)
- Market Cap ₹ 35,397 Cr.
- Current Price ₹ 561
- High / Low ₹ 569 / 230
- Stock P/E 38.4
- Book Value ₹ 54.8
- Dividend Yield 2.05 %
- ROCE 27.2 %
- ROE 21.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 90.8%
Cons
- Stock is trading at 10.2 times its book value
- The company has delivered a poor sales growth of -3.20% over past five years.
- Earnings include an other income of Rs.317 Cr.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
642 | 713 | 780 | 930 | 1,269 | 1,399 | 1,676 | 1,587 | 1,133 | 1,325 | 1,426 | 1,425 | 1,415 | |
295 | 387 | 402 | 470 | 751 | 800 | 1,034 | 892 | 535 | 446 | 452 | 480 | 520 | |
Operating Profit | 347 | 325 | 378 | 459 | 519 | 599 | 643 | 695 | 598 | 879 | 974 | 944 | 894 |
OPM % | 54% | 46% | 48% | 49% | 41% | 43% | 38% | 44% | 53% | 66% | 68% | 66% | 63% |
0 | -56 | -3 | -0 | 1 | 1 | 4 | 2 | 1 | 1 | 2 | 6 | 317 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 6 | 4 | 4 | 4 | 6 |
Depreciation | 9 | 8 | 14 | 7 | 4 | 18 | 8 | 10 | 33 | 33 | 27 | 29 | 29 |
Profit before tax | 338 | 262 | 361 | 452 | 516 | 582 | 636 | 687 | 561 | 843 | 945 | 918 | 1,176 |
Tax % | 18% | 24% | 16% | 23% | 24% | 30% | 30% | 31% | 27% | 23% | 25% | 22% | |
276 | 199 | 302 | 350 | 390 | 405 | 448 | 475 | 412 | 649 | 711 | 715 | 921 | |
EPS in Rs | 256.61 | 172.71 | 262.41 | 303.46 | 338.65 | 351.37 | 7.31 | 7.76 | 6.74 | 10.53 | 11.43 | 11.47 | 14.73 |
Dividend Payout % | 53% | 79% | 52% | 95% | 37% | 0% | 82% | 77% | 74% | 76% | 96% | 100% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | -3% |
3 Years: | 8% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 20% |
TTM: | 34% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 20% |
1 Year: | 138% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 21% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 12 | 12 | 612 | 612 | 612 | 616 | 622 | 623 | 625 |
Reserves | 1,190 | 1,406 | 1,527 | 1,477 | 1,723 | 1,809 | 1,728 | 1,920 | 1,937 | 2,410 | 2,747 | 2,789 | 2,817 |
Preference Capital | 0 | 0 | 0 | 30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
303 | 91 | 143 | 174 | 151 | 200 | 250 | 180 | 262 | 262 | 275 | 286 | 316 | |
Total Liabilities | 1,503 | 1,509 | 1,681 | 1,663 | 1,886 | 2,020 | 2,590 | 2,712 | 2,811 | 3,289 | 3,644 | 3,698 | 3,758 |
19 | 19 | 14 | 7 | 12 | 251 | 257 | 256 | 322 | 300 | 296 | 303 | 325 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 2 | 1 | 0 | 2 | 2 |
Investments | 601 | 573 | 754 | 845 | 926 | 974 | 951 | 1,280 | 1,870 | 2,513 | 2,878 | 2,935 | 2,936 |
883 | 916 | 914 | 811 | 948 | 795 | 1,379 | 1,175 | 617 | 474 | 471 | 458 | 495 | |
Total Assets | 1,503 | 1,509 | 1,681 | 1,663 | 1,886 | 2,020 | 2,590 | 2,712 | 2,811 | 3,289 | 3,644 | 3,698 | 3,758 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-34 | 233 | 557 | 366 | 393 | 570 | 434 | 561 | 592 | ||||
431 | -42 | -294 | -239 | -112 | 78 | -383 | -138 | 118 | ||||
-404 | -174 | -300 | -108 | -292 | -467 | -239 | -425 | -713 | ||||
Net Cash Flow | -7 | 18 | -37 | 20 | -11 | 181 | -187 | -2 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 5 | 6 | 4 | 6 | 14 | 11 | 8 | 21 | 16 | 10 | 17 | 22 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 5 | 6 | 4 | 6 | 14 | 11 | 8 | 21 | 16 | 10 | 17 | 22 |
Working Capital Days | -152 | -98 | 204 | 64 | 22 | 125 | -31 | 14 | -36 | -26 | -12 | -17 |
ROCE % | 29% | 24% | 25% | 30% | 31% | 32% | 30% | 28% | 22% | 30% | 30% | 27% |
Documents
Announcements
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 22h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23h - For concall w.r.t. Audited Financial Results for the quarter and year ended March 31, 2024.
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 23h
- Certificate Under Regulation 40(10) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 12 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2024.
Annual reports
Concalls
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Nov 2018Transcript PPT
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Jul 2018Transcript PPT
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Apr 2018Transcript PPT
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Jan 2018Transcript PPT
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 JPY 87 trn as of FY23.