Nippon Life India Asset Management Ltd

About [ edit ]

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 21,788 Cr.
  • Current Price 354
  • High / Low 375 / 201
  • Stock P/E 42.1
  • Book Value 45.6
  • Dividend Yield 1.41 %
  • ROCE 21.9 %
  • ROE 16.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 76.61%
  • Promoter holding has increased by 0.86% over last quarter.

Cons

  • Stock is trading at 7.76 times its book value
  • The company has delivered a poor sales growth of 4.62% over past five years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
438 394 391 350 343 325 300 303 274 233 259 268
303 253 253 232 202 171 155 156 113 125 122 122
Operating Profit 135 142 138 118 141 155 145 147 162 108 136 147
OPM % 31% 36% 35% 34% 41% 48% 48% 49% 59% 46% 53% 55%
Other Income 2 30 33 54 54 35 22 58 -125 103 64 130
Interest 0 0 0 0 0 2 2 2 0 1 1 1
Depreciation -16 9 9 9 -16 8 8 9 9 10 8 8
Profit before tax 154 163 162 163 212 181 158 194 27 200 191 269
Tax % 25% 31% 30% 33% 28% 30% 14% 23% 85% 22% 24% 21%
Net Profit 113 111 114 110 151 125 137 149 4 156 145 212
EPS in Rs 1.84 1.81 1.87 1.79 2.47 2.05 2.24 2.44 0.06 2.55 2.37 3.46
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
951 1,311 1,435 1,735 1,647 1,192 1,035
484 787 837 1,082 940 594 481
Operating Profit 468 524 598 653 707 598 553
OPM % 49% 40% 42% 38% 43% 50% 53%
Other Income 3 3 1 14 3 1 172
Interest 0 0 0 2 0 6 4
Depreciation 7 4 18 9 10 33 35
Profit before tax 464 522 581 656 700 560 686
Tax % 24% 24% 31% 30% 30% 26%
Net Profit 354 396 402 456 486 415 517
EPS in Rs 307.69 344.12 348.92 7.45 7.94 6.78 8.44
Dividend Payout % 40% 36% 0% 81% 76% 74%
Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:-6%
TTM:-19%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:1%
TTM:-8%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:11%
1 Year:3%
Return on Equity
10 Years:%
5 Years:20%
3 Years:19%
Last Year:16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
41 42 42 612 612 612 612
Reserves 1,495 1,750 1,831 1,753 1,958 1,981 2,192
Borrowings 0 0 0 0 0 0 0
196 169 209 357 206 288 257
Total Liabilities 1,702 1,931 2,051 2,722 2,776 2,881 3,062
7 12 251 258 256 324 318
CWIP 0 0 0 3 1 2 1
Investments 835 911 947 993 1,290 1,885 2,182
860 1,008 854 1,469 1,229 671 561
Total Assets 1,702 1,931 2,051 2,722 2,776 2,881 3,062

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-42 218 556 376 386 605
441 -25 -316 -260 -35 37
-404 -174 -300 -92 -359 -468
Net Cash Flow -5 19 -61 24 -7 174

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 31% 32% 31% 28% 22%
Debtor Days 7 17 11 8 23 18
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
85.75 85.75 85.75 85.75 85.75 75.00 79.28 75.93 75.92 75.92 75.87 75.81
3.24 2.70 2.82 2.74 2.98 7.49 4.64 5.61 5.26 5.79 5.11 5.41
7.27 7.66 7.37 7.46 6.80 7.14 7.11 6.32 6.72 6.24 6.33 6.60
3.74 3.89 4.06 4.05 4.47 10.37 8.97 12.14 12.10 12.05 12.69 12.17

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