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 ₹ 55,967 Cr.
- Current Price ₹ 876
- High / Low ₹ 987 / 456
- Stock P/E 41.9
- Book Value ₹ 68.8
- Dividend Yield 2.06 %
- ROCE 40.7 %
- ROE 31.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 25.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.5%
- Company has been maintaining a healthy dividend payout of 93.9%
Cons
- Stock is trading at 12.7 times its book value
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 774 | 951 | 1,311 | 1,435 | 1,735 | 1,647 | 1,192 | 1,419 | 1,533 | 1,512 | 2,036 | 2,518 | 2,419 | |
| 434 | 484 | 787 | 837 | 1,082 | 940 | 594 | 505 | 516 | 555 | 649 | 789 | 851 | |
| Operating Profit | 340 | 468 | 524 | 598 | 653 | 707 | 598 | 914 | 1,017 | 957 | 1,386 | 1,729 | 1,569 |
| OPM % | 44% | 49% | 40% | 42% | 38% | 43% | 50% | 64% | 66% | 63% | 68% | 69% | 65% |
| 4 | 3 | 3 | 1 | 14 | 3 | 1 | 1 | 2 | 5 | 2 | 3 | 221 | |
| Interest | 0 | 0 | 0 | 0 | 2 | 0 | 6 | 4 | 4 | 4 | 6 | 7 | 7 |
| Depreciation | 14 | 7 | 4 | 18 | 9 | 10 | 33 | 33 | 27 | 30 | 29 | 31 | 34 |
| Profit before tax | 330 | 464 | 522 | 581 | 656 | 700 | 560 | 877 | 989 | 928 | 1,352 | 1,694 | 1,749 |
| Tax % | 18% | 24% | 24% | 31% | 30% | 30% | 26% | 23% | 25% | 22% | 18% | 24% | |
| 271 | 354 | 396 | 402 | 457 | 487 | 415 | 680 | 744 | 723 | 1,107 | 1,286 | 1,335 | |
| EPS in Rs | 234.92 | 307.69 | 344.12 | 348.92 | 7.45 | 7.94 | 6.78 | 11.04 | 11.96 | 11.61 | 17.58 | 20.27 | 21.00 |
| Dividend Payout % | 123% | 40% | 36% | 0% | 81% | 76% | 74% | 72% | 92% | 99% | 94% | 89% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 25% |
| 3 Years: | 20% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 49% |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 26% |
| 3 Years: | 27% |
| Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 12 | 12 | 612 | 612 | 612 | 616 | 622 | 623 | 630 | 635 | 637 |
| Reserves | 1,543 | 1,495 | 1,750 | 1,831 | 1,753 | 1,958 | 1,981 | 2,484 | 2,857 | 2,892 | 3,352 | 3,578 | 3,747 |
| 0 | 30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 79 | 88 | 85 | |
| 155 | 166 | 139 | 179 | 357 | 206 | 288 | 291 | 318 | 345 | 314 | 369 | 423 | |
| Total Liabilities | 1,709 | 1,702 | 1,931 | 2,051 | 2,722 | 2,776 | 2,881 | 3,392 | 3,797 | 3,861 | 4,375 | 4,670 | 4,892 |
| 14 | 7 | 12 | 251 | 258 | 256 | 324 | 301 | 296 | 305 | 331 | 868 | 864 | |
| CWIP | 0 | 0 | 0 | 0 | 3 | 1 | 2 | 1 | 0 | 2 | 2 | 4 | 31 |
| Investments | 741 | 835 | 911 | 947 | 993 | 1,290 | 1,885 | 2,550 | 2,942 | 3,023 | 3,513 | 3,324 | 3,449 |
| 954 | 860 | 1,008 | 854 | 1,469 | 1,229 | 671 | 540 | 559 | 530 | 530 | 475 | 548 | |
| Total Assets | 1,709 | 1,702 | 1,931 | 2,051 | 2,722 | 2,776 | 2,881 | 3,392 | 3,797 | 3,861 | 4,375 | 4,670 | 4,892 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -42 | 218 | 556 | 376 | 386 | 605 | 456 | 580 | 587 | 777 | 1,200 | ||
| 441 | -25 | -316 | -260 | -35 | 37 | -402 | -125 | 98 | -104 | -82 | ||
| -404 | -174 | -300 | -92 | -359 | -468 | -239 | -426 | -712 | -671 | -1,116 | ||
| Net Cash Flow | -5 | 19 | -61 | 24 | -7 | 174 | -185 | 29 | -27 | 3 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 7 | 17 | 11 | 8 | 23 | 18 | 12 | 18 | 23 | 23 | 10 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 5 | 7 | 17 | 11 | 8 | 23 | 18 | 12 | 18 | 23 | 23 | 10 |
| Working Capital Days | 284 | 127 | 115 | 124 | -36 | 25 | -25 | -19 | -5 | -4 | 6 | -9 |
| ROCE % | 22% | 30% | 31% | 32% | 31% | 28% | 22% | 31% | 30% | 27% | 36% | 41% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - For schedule of investor/ analyst meet/ conference to be held on December 16, 2025
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
20 Nov - For allotment of ESOPs dated November 20, 2025
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Announcement under Regulation 30 (LODR)-Credit Rating
20 Nov - SES ESG revised Nippon Life India AMC ESG score to 77 from 78.9; report dated November 19, 2025.
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Memorandum Of Understanding
13 Nov - MoU dated Nov 13: DWS to acquire up to 40% stake in NAIF; AIF, passive products collaboration, subject to approvals.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
12 Nov - For allotment of ESOPs dated November 12, 2025
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT REC
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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 96 trillion as of FY25. The AMC has track record of ~30 years with 21.9 mn unique investors, over 1 in 3 MF investors in India invest with Nippon MF.[2]