Reliance Nippon Life Asset Management Ltd

Reliance Nippon Life Asset Management's principal activity is to act as an investment manager to Reliance Mutual Fund (the Fund) and to provide Portfolio Management Services (PMS) and advisory services to clients under Securities and Exchange Board of India (SEBI) Regulations.

Pros:
Company is virtually debt free.
Promoter's stake has increased
Company has been maintaining a healthy dividend payout of 53.11%
Cons:
Stock is trading at 8.49 times its book value

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
319 354 353 372 394 412 378 379 334 324 308 284
193 222 245 242 261 288 242 241 219 190 155 141
Operating Profit 126 132 108 130 133 124 135 138 115 134 153 142
OPM % 40% 37% 31% 35% 34% 30% 36% 36% 34% 41% 50% 50%
Other Income 30 40 48 33 64 3 32 32 54 56 35 24
Interest 0 0 2 0 0 0 0 0 0 0 2 2
Depreciation 5 10 6 8 8 -16 9 9 9 -16 8 8
Profit before tax 151 162 148 155 189 144 159 161 160 207 179 157
Tax % 33% 24% 30% 35% 33% 20% 31% 31% 31% 30% 31% 15%
Net Profit 101 123 104 101 128 115 109 111 110 145 123 134
EPS in Rs 2.09 1.96 1.78 1.81 1.80 2.37 2.00 2.19
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
713 780 930 1,269 1,399 1,676 1,587 1,250
387 402 470 751 800 1,034 892 705
Operating Profit 325 378 459 519 599 643 695 545
OPM % 46% 48% 49% 41% 43% 38% 44% 44%
Other Income -56 -3 -0 1 1 4 2 169
Interest 0 0 0 0 0 2 0 3
Depreciation 8 14 7 4 18 8 10 8
Profit before tax 262 361 452 516 582 636 687 702
Tax % 24% 16% 23% 24% 30% 30% 31%
Net Profit 199 302 350 390 405 448 475 512
EPS in Rs 7.31 7.76 8.36
Dividend Payout % 79% 52% 95% 37% 0% 82% 77%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:15.26%
3 Years:7.73%
TTM:-20.06%
Compounded Profit Growth
10 Years:%
5 Years:9.07%
3 Years:6.77%
TTM:10.52%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:112.61%
Return on Equity
10 Years:%
5 Years:21.75%
3 Years:20.94%
Last Year:19.50%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
11 11 41 42 42 612 612 612
Reserves 1,406 1,527 1,477 1,723 1,809 1,728 1,920 1,969
Borrowings 0 0 0 0 0 0 0 0
91 143 174 151 200 259 194 280
Total Liabilities 1,509 1,681 1,663 1,886 2,020 2,600 2,726 2,861
19 14 7 12 251 257 256 321
CWIP 0 0 0 0 0 3 1 1
Investments 573 754 845 926 974 951 1,280 1,500
916 914 811 948 795 1,389 1,189 1,039
Total Assets 1,509 1,681 1,663 1,886 2,020 2,600 2,726 2,861

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-34 233 557 366 393
431 -42 -294 -239 -112
-404 -174 -300 -108 -292
Net Cash Flow -7 18 -37 20 -11

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 25% 30% 31% 32% 30% 28%
Debtor Days 6 4 6 14 11 8 21
Inventory Turnover

Annual Reports

Credit Ratings