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 ₹ 27,951 Cr.
- Current Price ₹ 447
- High / Low ₹ 450 / 197
- Stock P/E 31.6
- Book Value ₹ 57.1
- Dividend Yield 2.58 %
- ROCE 26.6 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 87.8%
Cons
- Stock is trading at 7.73 times its book value
- The company has delivered a poor sales growth of -2.72% over past five years.
- Earnings include an other income of Rs.296 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
733 | 774 | 951 | 1,311 | 1,435 | 1,735 | 1,647 | 1,192 | 1,419 | 1,533 | 1,512 | 1,454 | |
432 | 434 | 484 | 787 | 837 | 1,082 | 940 | 594 | 505 | 516 | 555 | 588 | |
Operating Profit | 301 | 340 | 468 | 524 | 598 | 653 | 707 | 598 | 914 | 1,017 | 957 | 866 |
OPM % | 41% | 44% | 49% | 40% | 42% | 38% | 43% | 50% | 64% | 66% | 63% | 60% |
1 | 4 | 3 | 3 | 1 | 14 | 3 | 1 | 1 | 2 | 5 | 296 | |
Interest | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 6 | 4 | 4 | 4 | 5 |
Depreciation | 9 | 14 | 7 | 4 | 18 | 9 | 10 | 33 | 33 | 27 | 30 | 31 |
Profit before tax | 293 | 330 | 464 | 522 | 581 | 656 | 700 | 560 | 877 | 989 | 928 | 1,126 |
Tax % | 21% | 18% | 24% | 24% | 31% | 30% | 30% | 26% | 23% | 25% | 22% | |
230 | 271 | 354 | 396 | 402 | 457 | 487 | 415 | 680 | 744 | 723 | 883 | |
EPS in Rs | 199.97 | 234.92 | 307.69 | 344.12 | 348.92 | 7.45 | 7.94 | 6.78 | 11.04 | 11.96 | 11.61 | 14.16 |
Dividend Payout % | 68% | 123% | 40% | 36% | 0% | 81% | 76% | 74% | 72% | 92% | 99% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | -3% |
3 Years: | 8% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 20% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 14% |
1 Year: | 65% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 21% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 12 | 12 | 612 | 612 | 612 | 616 | 622 | 623 | 625 |
Reserves | 1,446 | 1,543 | 1,495 | 1,750 | 1,831 | 1,753 | 1,958 | 1,981 | 2,484 | 2,857 | 2,892 | 2,942 |
Preference Capital | 0 | 0 | 30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
104 | 155 | 196 | 169 | 209 | 357 | 206 | 288 | 291 | 318 | 345 | 360 | |
Total Liabilities | 1,561 | 1,709 | 1,702 | 1,931 | 2,051 | 2,722 | 2,776 | 2,881 | 3,392 | 3,797 | 3,861 | 3,927 |
20 | 14 | 7 | 12 | 251 | 258 | 256 | 324 | 301 | 296 | 305 | 327 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 2 | 1 | 0 | 2 | 2 |
Investments | 603 | 741 | 835 | 911 | 947 | 993 | 1,290 | 1,885 | 2,550 | 2,942 | 3,023 | 3,052 |
939 | 954 | 860 | 1,008 | 854 | 1,469 | 1,229 | 671 | 540 | 559 | 530 | 547 | |
Total Assets | 1,561 | 1,709 | 1,702 | 1,931 | 2,051 | 2,722 | 2,776 | 2,881 | 3,392 | 3,797 | 3,861 | 3,927 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-42 | 218 | 556 | 376 | 386 | 605 | 456 | 580 | 584 | |||
441 | -25 | -316 | -260 | -35 | 37 | -402 | -125 | 101 | |||
-404 | -174 | -300 | -92 | -359 | -468 | -239 | -426 | -712 | |||
Net Cash Flow | -5 | 19 | -61 | 24 | -7 | 174 | -185 | 29 | -27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 8 | 5 | 7 | 17 | 11 | 8 | 23 | 18 | 12 | 18 | 23 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 8 | 5 | 7 | 17 | 11 | 8 | 23 | 18 | 12 | 18 | 23 |
Working Capital Days | -3 | 284 | 127 | 115 | 124 | -36 | 25 | -25 | -19 | -5 | -4 |
ROCE % | 22% | 30% | 31% | 32% | 31% | 28% | 22% | 31% | 30% | 27% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Dec - W.R.T. schedule of investor/analyst group meeting to be attended by the representatives of the Company on December 13, 2023. Kindly take the same on records.
-
Announcement under Regulation 30 (LODR)-Change in Management
30 Nov - W.R.T. change in designation and resignation of Senior Managerial Personnel of the Company. Kindly take the same on records.
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
20 Nov - The Allotment Committee today has approved the allotment of 9,96,370 Equity Shares of Face Value of Rs. 10/ each. Kindly take the same on record.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Nov - Wrt investor/analyst meeting/conference to be held on November 30, 2023. Kindly take the same on records.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Nov - Transcript for the earnings call held on October 30, 2023. Kindly take the same on records.
Annual reports
Concalls
-
Nov 2023Transcript PPT
-
Jul 2023TranscriptNotesPPT
-
Apr 2023Transcript PPT REC
-
Apr 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021Transcript PPT
-
Apr 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Oct 2020Transcript PPT
-
Jul 2020Transcript PPT
-
May 2020TranscriptNotesPPT
-
May 2020Transcript PPT
-
Jan 2020Transcript PPT
-
Oct 2019Transcript PPT
-
Jul 2019Transcript PPT
-
Apr 2019Transcript PPT
-
Jan 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Jul 2018Transcript PPT
-
Apr 2018Transcript PPT
-
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 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.