UTI Asset Management Company Ltd

UTI Asset Management Company Ltd

₹ 922 0.47%
28 May - close price
About

UTI Asset Management Company Ltd is primarily engaged in the activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund. It is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996.[1] It was the first to introduce Mutual Funds in India and is focused solely on Investment management and related services.[2]

Key Points

Pioneer of Mutual Fund in India[1][2][3]
UTI is the Oldest Mutual Fund in India & is a trusted household brand. The Co. was the first to launch Equity Mutual Fund, Children’s Plan, and in the Mutual Fund industry, it commands a market share of 5.83% on a QAAUM basis(FY22), it also has an overall Market Share of 27.4% in the National Pension System.

  • Market Cap 11,730 Cr.
  • Current Price 922
  • High / Low 1,005 / 675
  • Stock P/E 19.5
  • Book Value 290
  • Dividend Yield 2.39 %
  • ROCE 22.1 %
  • ROE 17.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 76.4%

Cons

  • The company has delivered a poor sales growth of 6.34% 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
244 276 273 249 262 239 315 281 263 352 311 346 327
102 117 120 117 136 123 129 122 134 127 133 131 134
Operating Profit 142 159 153 132 126 117 187 159 129 226 178 215 194
OPM % 58% 58% 56% 53% 48% 49% 59% 57% 49% 64% 57% 62% 59%
-0 0 0 0 0 1 0 0 8 0 0 0 3
Interest 2 2 2 3 2 2 2 2 2 2 3 3 3
Depreciation 9 8 9 9 9 9 9 10 10 9 9 9 11
Profit before tax 131 148 142 121 115 106 175 147 126 214 166 203 183
Tax % 13% 20% 15% 14% 35% 7% 32% 26% 22% 23% 19% 26% 17%
113 119 120 104 75 99 118 109 98 164 134 150 151
EPS in Rs 8.95 9.39 9.49 8.18 5.87 7.80 9.33 8.55 7.75 12.95 10.58 11.81 11.89
Raw PDF

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
492 504 651 746 846 1,018 983 832 941 1,060 1,092 1,337
278 259 347 396 442 523 500 443 443 490 500 526
Operating Profit 214 245 304 351 404 495 483 389 498 570 592 812
OPM % 44% 49% 47% 47% 48% 49% 49% 47% 53% 54% 54% 61%
-1 1 2 3 8 1 25 30 2 1 9 4
Interest 0 0 0 0 0 0 0 9 8 9 10 11
Depreciation 7 8 11 12 13 14 16 33 34 35 38 38
Profit before tax 207 239 295 342 399 482 492 376 458 526 554 766
Tax % 28% 29% 32% 32% 27% 29% 29% 18% 23% 21% 23% 22%
149 170 201 232 291 341 348 309 352 418 424 601
EPS in Rs 11.91 13.60 15.93 18.30 22.94 26.93 27.48 24.38 27.74 32.91 33.42 47.19
Dividend Payout % 27% 26% 23% 20% 17% 19% 18% 29% 61% 64% 66% 100%
Compounded Sales Growth
10 Years: 10%
5 Years: 6%
3 Years: 12%
TTM: 23%
Compounded Profit Growth
10 Years: 13%
5 Years: 12%
3 Years: 20%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 7%
1 Year: 36%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 15%
Last Year: 17%

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 125 125 126 127 127 127 127 127 127 127 127 127
Reserves 921 1,040 1,209 1,452 1,687 2,046 2,281 2,468 2,780 3,034 3,221 3,558
0 0 0 0 0 0 0 0 0 0 0 0
224 226 267 165 190 273 232 336 336 289 270 296
Total Liabilities 1,270 1,391 1,603 1,744 2,004 2,445 2,639 2,931 3,243 3,450 3,618 3,981
192 194 189 184 278 272 267 371 357 353 365 401
CWIP 0 0 0 3 3 5 1 1 5 8 9 3
Investments 878 997 1,123 1,331 1,558 1,980 2,117 2,269 2,566 2,769 2,879 3,334
200 200 291 226 165 188 254 290 314 319 366 243
Total Assets 1,270 1,391 1,603 1,744 2,004 2,445 2,639 2,931 3,243 3,450 3,618 3,981

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
111 213 300 271 95 181 252 285 306 300
-60 -159 -246 -213 -12 -217 -131 -76 35 -138
-51 -53 -55 -59 -76 27 -96 -215 -267 -249
Net Cash Flow 0 1 -1 -1 6 -8 25 -5 74 -88

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 5 7 4 8 5 11 3 11 7 13 18 8
Inventory Days
Days Payable
Cash Conversion Cycle 5 7 4 8 5 11 3 11 7 13 18 8
Working Capital Days -54 -58 -14 2 -34 -23 1 -29 -60 -42 -39 -47
ROCE % 21% 22% 24% 23% 23% 24% 22% 15% 17% 18% 17%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
4.07% 4.74% 5.45% 6.49% 6.31% 6.25% 6.26% 6.06% 4.84% 4.94% 5.57% 5.97%
86.76% 85.38% 84.27% 83.26% 83.14% 60.14% 59.99% 60.26% 61.03% 61.69% 61.13% 60.93%
9.17% 9.88% 10.28% 10.25% 10.55% 33.61% 33.75% 33.68% 34.12% 33.36% 33.31% 33.12%
No. of Shareholders 1,76,7651,78,6561,77,7291,75,8201,79,8241,80,1891,61,6321,60,5381,57,9461,55,9181,52,1271,48,066

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls