Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd

₹ 668 -0.44%
16 Jul 11:50 a.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 JPY 87 trn as of FY23.

  • Market Cap 42,221 Cr.
  • Current Price 668
  • High / Low 687 / 296
  • Stock P/E 40.3
  • Book Value 60.6
  • Dividend Yield 2.46 %
  • ROCE 36.0 %
  • ROE 29.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 98.6%

Cons

  • Stock is trading at 11.1 times its book value
  • The company has delivered a poor sales growth of 3.37% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
280 281 304 315 314 295 309 330 325 329 368 392 432
120 111 119 111 112 120 120 121 119 131 132 138 147
Operating Profit 160 170 185 204 202 175 189 209 206 198 236 254 285
OPM % 57% 61% 61% 65% 64% 59% 61% 63% 63% 60% 64% 65% 66%
55 61 88 31 34 -7 74 59 46 106 72 93 85
Interest 1 1 1 1 1 1 1 1 1 1 2 2 2
Depreciation 7 7 6 6 7 7 7 8 8 8 7 6 7
Profit before tax 207 223 266 228 228 160 255 259 243 295 300 339 361
Tax % 24% 23% 25% 26% 25% 25% 23% 24% 18% 24% 22% 22% 10%
157 171 200 169 171 121 197 198 199 222 235 265 325
EPS in Rs 2.55 2.77 3.23 2.72 2.74 1.94 3.15 3.19 3.19 3.57 3.76 4.21 5.16
Raw PDF
Upcoming result date: 19 July 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
713 780 930 1,269 1,399 1,676 1,587 1,133 1,325 1,426 1,425 1,873
387 402 470 751 800 1,034 892 535 446 452 480 548
Operating Profit 325 378 459 519 599 643 695 598 879 974 944 1,325
OPM % 46% 48% 49% 41% 43% 38% 44% 53% 66% 68% 66% 71%
-56 -3 -0 1 1 4 2 1 1 2 6 4
Interest 0 0 0 0 0 2 0 6 4 4 4 6
Depreciation 8 14 7 4 18 8 10 33 33 27 29 28
Profit before tax 262 361 452 516 582 636 687 561 843 945 918 1,294
Tax % 24% 16% 23% 24% 30% 30% 31% 27% 23% 25% 22% 19%
199 302 350 390 405 448 475 412 649 711 715 1,047
EPS in Rs 172.71 262.41 303.46 338.65 351.37 7.31 7.76 6.74 10.53 11.43 11.47 16.62
Dividend Payout % 79% 52% 95% 37% 0% 82% 77% 74% 76% 96% 100% 99%
Compounded Sales Growth
10 Years: 9%
5 Years: 3%
3 Years: 12%
TTM: 31%
Compounded Profit Growth
10 Years: 13%
5 Years: 17%
3 Years: 17%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: 24%
3 Years: 17%
1 Year: 125%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 24%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 12 12 612 612 612 616 622 623 630
Reserves 1,406 1,527 1,477 1,723 1,809 1,728 1,920 1,937 2,410 2,747 2,789 3,188
0 0 30 30 30 0 0 0 0 0 0 0
91 143 144 121 170 250 180 262 262 275 286 340
Total Liabilities 1,509 1,681 1,663 1,886 2,020 2,590 2,712 2,811 3,289 3,644 3,698 4,159
19 14 7 12 251 257 256 322 300 296 303 330
CWIP 0 0 0 0 0 3 1 2 1 0 2 2
Investments 573 754 845 926 974 951 1,280 1,870 2,513 2,878 2,935 3,354
916 914 811 948 795 1,379 1,175 617 474 471 458 473
Total Assets 1,509 1,681 1,663 1,886 2,020 2,590 2,712 2,811 3,289 3,644 3,698 4,159

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-34 233 557 366 393 570 434 561 595 739
431 -42 -294 -239 -112 78 -383 -138 115 -57
-404 -174 -300 -108 -292 -467 -239 -425 -713 -670
Net Cash Flow -7 18 -37 20 -11 181 -187 -2 -3 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6 4 6 14 11 8 21 16 10 17 22 23
Inventory Days
Days Payable
Cash Conversion Cycle 6 4 6 14 11 8 21 16 10 17 22 23
Working Capital Days -98 204 64 22 125 -31 14 -36 -26 -12 -17 -15
ROCE % 24% 25% 30% 31% 32% 30% 28% 22% 30% 30% 27% 36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.23% 73.97% 73.82% 73.80% 73.74% 73.68% 73.66% 73.66% 73.64% 73.47% 73.10% 72.86%
6.21% 6.60% 7.16% 6.69% 6.52% 6.37% 5.77% 4.95% 4.84% 5.06% 5.54% 5.49%
7.46% 8.81% 8.37% 8.83% 9.24% 9.12% 9.06% 9.41% 10.24% 14.57% 14.18% 14.40%
12.10% 10.63% 10.65% 10.68% 10.50% 10.82% 11.52% 11.97% 11.28% 6.92% 7.18% 7.26%
No. of Shareholders 1,63,9331,60,8401,69,2621,69,2181,73,1201,76,5191,84,2851,88,7221,89,0771,71,9681,80,8541,86,166

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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